Jenny Lee joined GGV Capital in 2005 as one of its most important new partners and was instrumental in setting up the GGV presence in China. Her previous operation and finance work experience with Singapore Technologies Aerospace, Morgan Stanley and JAFCO Asia enhanced her role as a preferred board head and investor to many entrepreneurs in China. She graduated from Cornell University with a Masters and B.Sc. in Electrical Engineering and an M.B.A. from Kellogg School of Management, Northwestern University.
1. “Start-ups aren’t an object. They’re successful because of the people behind them.” Great people, fertile markets, significant innovation are the three key elements in any successful business. What a venture capitalist wants to find in a founder is a certain sort of person. These founders are not identical, but do share certain attributes. One of the longed for attributes in a business founder is a missionary attitude toward the business. Missionaries rather than mercenaries are the founders who found he startups that make the biggest impact. Other desired qualities in a founder include persistence, curiosity, energy, the ability to communicate and sell, focus, determination, intelligence and the ability to adapt to change. These attributes should be sought not just in founders but in the teams they assemble to build and run the business. Having a diverse team in every meaning is important. Different people have different skills and sometimes someone’s strength is also their weakness.
2. “It’s a competitive and a rough market and more of a challenge to find the gems. But it’s a great time to start; the quality of entrepreneurs has increased. I love the winter.” Often the best time to start a business is during a downturn in an economy. The competition for the best employees is lower during a financial correction as is competition in markets generally. During any abstract economic downturn there is also less noise that can distract a business which enables more focus on business basics and fundamentals. In a harsh market there is often less thinking about distracting things like pivoting and more focus on getting things done.
3. “[Founders should understand the] way their company, their sector, the VC firm and the partner in charge are fit or not.” Every founder and startup has different skills, resources, talents and needs. Every venture capitalist is also unique, as are venture firms. “Founder-VC fit” is enough of a success factor in building a business that advanced due diligence by founders to find the right investors is wise.
The more you know and the more experience you get in life, the more humble you should be.Tom Stoppard
4. “[Founders] must have the passion to learn about new things and have the tenacity to persist in one’s judgment despite naysayers – and there will be a lot of them – and, finally, that firm belief that a single person or a single company can create products or business models that can change the world.” “You need to believe that you can clear everything in your path.” Some people may think it is an odd combination, but founders who are confident and yet humble are mostly likely to become successful. The more you know and the more experience you get in life, the more humble you should be. Part of the reason Charlie Munger is so wise is that he believes: “Knowing what you don’t know is more useful than being brilliant. … real knowledge is knowing the extent of one’s ignorance.” Successful founders tend to have strong views, loosely held.
5. “I’m a very gut feel type of investor.” There are no universal rules which will always generate success in venture capital. If there were simple success formulas that could be applied mechanically nearly everyone would be rich. There are some general principles that can be applied by successful practitioners which can increase the probability of success. One such principle is: venture capital is the search for investment with significant convexity (big financial upside with a correspondingly small downside). When a venture investment is made what the venture capitalist can fail is limited to what they invest. But the financial return can potentially be hundreds or even thousands of times the initial investment. A tape measure home run will not happen often with a venture investment but when it does the venture capitalist may sing the hallelujah chorus even if they are not religious. Finding undiscovered convexity that is being offered at a substantial bargain means the venture capitalist must be continually looking for it in new areas. Once an investment idea is appearing regularly in the newspapers and tech blogs it is often too late to find the greatest opportunities. Finding a new approach requires that the approach be new in some important way. There must be at least one key element of the business that is drasticaslly different from what has been done before. That something which is different is always different that what was different the last time.
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We all know that, the bodys pure relaxation responsae is a robust antidote to stress.
This is natural and will resolve itself in 24 to48
hours. This pain and soreness often happens inside 12-48
hours following your workout and may last a day or two.
There are numerous elements in everyday life that could cause anxiety; cash, household
and health points simply too name a couple of. All of this pain may also add to your anxiety or depression, so while you get a massage to help your muscles, you’re
additionally serving tto your mental health.
It pewrmits yoou to free your thoughts of your unfavourable ideas whereas relieving
the ache thwt can aadd to anxiety. While it is bdst to all the
time talk to a physician about medications to help ease your psychological afflictions, you must also focus
on with him/her abnout incorporating therapeutic massage thuerapy in your treatment.
You should returnn ffor more than one massage since most depression and anxiety points cannot be cured in just one remedy.
While therapeutic massage is not going to convey a lovsd one back or find
you a brand new job, it will mean you can free your thoughts of
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Therefore, becoming an escort is a query that many females have considered a minimum of as soon as.
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the decision is a minimum of $125 and sometimes more.
I recall a enterprise from South Florida that was open for many years
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One specifically that was delivered to my consideration actually just passes the
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the escort and instruct her to name and quote the price and client information; typically they may
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should not accept any ideas for picking up your fees as you direct.
The driver’s job description can be to collect
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