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The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20VC: 3 Key Differences Between US and Asian Tech Markets & With Such Large Incumbents Chasing Early Acquisitions, Is There A Market For Later Stage VC with Crystal Huang, Investor @ GGV Capital

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

The Twenty Minute VC

Finance, Venturecapital, Tech News, News, Siliconvalley, Technology, Investing, Startups, Business

4.4 • 637 Ratings

🗓️ 10 January 2018

⏱️ 30 minutes

🧾️ Download transcript

Summary

Crystal Huang is a Principal @ GGV Capital, one of the world's leading venture firms partnering with entrepreneurs in the world's largest markets, the US and China. At GGV Crystal led the firm's investment in Wigo (acquired by Cinemagram) and attends board meetings at Tile and Flightcar. Crystal is also a board member @ NextGen partners, the organization representing the future General Partners within the bay area. Prior to joining GGV, Crystal worked as an analyst in Blackstone's Technology M&A Advisory Group and due to her immense promise and success already, Crystal has been named to Forbes' 30 Under 30 Venture Capital.

In Today’s Episode You Will Learn:

1.) How Crystal made her way into the world of VC from Tech M&A with Blackstone?

2.) How does Crystal view the ongoing debate of operator vs non-operator experience? Does Crystal agree with Pat Grady that the rate of decay on operating experience has never been greater? What elements of operational experience, applied to VC, do stand the test of time?

3.) What does Crystal believe are the 3 key differences when comparing the US and Asian tech markets? How do deal sizes change across geographies? What does this do to the unit economics of the businesses? How does vendor engagement and sales cycles differ?

4.) In a world of Baidu, Alibaba and Tencent quickly acquiring or copying innovative ideas, is there a market for true later stage VC in Asia? Where are the market opportunities? How does incumbent power in Asia differ to incumbent power in the US?

5.) How does Crystal fundamentally see distribution models vary between the US and Asia? Has Asia enjoyed the same rise of the "self-service model" enacted by many in the US? What does this mean for internal org structures and unit economics?

Items Mentioned In Today’s Show:

Crystal’s Fave Book: The Code Book

Crystal’s Most Recent Investment: BitSight

As always you can follow Harry, The Twenty Minute VC and Crystal on Twitter here!

Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.

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Transcript

Click on a timestamp to play from that location

0:00.0

This is the 20 minute VC with your terribly accented British host Harry Stebbings. You can find me on Snapchat at H. Stebbings with 2Bs. All ads get a personal message from me and it'd be fantastic to see you there. However, to the show stay. And if you did not hear Monday's episode with Hans Tung, this week is GGV Capital Feature Week, one of the world's leading venture funds with a unique approach partnering with the world's best entrepreneurs

0:21.0

in the world's two largest markets, the US and Asia. And with managing partner Hans on the show

0:26.0

on Monday, I wanted to represent the future today with our guests and shine a light on one of the

0:30.3

most exciting talents in the industry. And so I'm thrilled to welcome Crystal Huang to the show today.

0:35.0

Now, Crystal is a principal at GGV, where she's led the firm's

0:38.0

investment in, please excuse me for this pronunciation, Wego, which was acquired by Cinemogram, and

0:42.9

she attends board meetings at Tile and Flight Car. Crystal's also a board member at NextGen Partners,

0:47.8

the organisation representing the future general partners within the Bay Area. And prior to joining

0:52.2

GGV, Crystal worked as an analyst in Blackstone's

0:55.0

Technology M&A Advisory Group and due to her immense promise and success already, Crystal's been

0:59.9

named to Forbes 30 under 30 venture capital. And I do also want to tip my hat to both Hans and

1:04.9

Bonam at Columbus Nova Technology Partners. For the intro to Crystal's day, I really do so appreciate

1:10.0

that. However, before we meet

1:11.7

today's guest, it's the new year and everyone is thinking of health and diet, and so this month's

1:15.9

partnerships will be aligned to that. And did you know that office snacks are the third most

1:19.9

requested perp by employees, with 83% suggesting it to be a huge perk? Well, that's where

1:25.3

Naturebox comes in. Naturebox is the first ever

1:27.8

unlimited snacking program for offices of all sizes, starting with just $12 per month per employee.

1:34.0

You can choose the plan that fits your team and ensure you never run out of snacks again.

1:38.4

And if your body is a temple like mine clearly is not with all those mehitos, then have no fear

1:43.2

with Naturebox, real, simple

1:44.9

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...

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