4.4 • 637 Ratings
🗓️ 8 January 2018
⏱️ 25 minutes
🧾️ Download transcript
Hans Tung is a Managing Partner @ GGV Capital, one of the world's leading venture firms partnering with entrepreneurs in the world's largest markets, the US and China. Evident when looking at Han's incredible investments in the likes of Wish, Poshmark, musical.ly, Slack and OfferUp in the US and then Xiaomi, Forgame, and Domob Ads in Asia. Previously, Hans was with Bessemer Venture Partners, where he helped global players such as Skype expand into China. Hans was also a founding member of two pan-Asian internet startups that were subsequently sold to telcos. Due to his incredible success, Hans has been ranked as a top VC on the Forbes Midas list since 2013 and was recognized by The Founder and CBN News magazines in the past as a Top 10 most entrepreneur-friendly VC in China.
In Today’s Episode You Will Learn:
1.) How Hans made his way into VC with Bessemer having founded and exited 2 prior startups?
2.) Why does Hans believe that the globalisation of consumer mobile companies is the biggest trend in his career? Why is Hans still so attracted to consumer with lacking distribution channel availability and incumbents like Amazon? Have Amazon already won?
3.) What were Hans' biggest lessons from investing in China that have allowed him to invest better in the US? How does Hans evaluate prior US companies entering strategies into China? How does he analyse Uber's entering into China?
4.) Hans has backed some of the hottest companies in the business from Airbnb to Wish, how does Hans respond to price sensitivity and having to pay up to get into the round? How does Hans think about the opportunity cost of capital deployment?
5.) Why does Hans remain so bullish on the globalisation of tech? In a world of Trump and Brexit are we not in ever more atomistic times? How does Hans see the convergence of millenial consumers when comparing the US and Asia?
Items Mentioned In Today’s Show:
Hans' Fave Book: The Information, Stratechery
Hans' Most Recent Investment: iBotta
As always you can follow Harry, The Twenty Minute VC and Hans on Twitter here!
Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.
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0:00.0 | Welcome back to the 20-minute VC with your host Harry Stebbings, and you can see all things behind |
0:04.0 | the scenes from Team 20 VC on Snapchat at H. Stebbings with two Bs. I always love to see you there and respond |
0:09.9 | to all messages and questions. However, for this week on the show, and we feature one on the world's |
0:14.4 | premier venture funds. With a slight slant, though, they partner with entrepreneurs in the world's two largest markets, the US and Asia. |
0:21.2 | Yes, we are featuring GGV capital this week, and I'm thrilled to say joining me in the hot seat |
0:25.5 | today, we have Hans-Tung, managing partner at GGV, where Hans' incredible portfolio includes |
0:30.5 | the likes of Wish, Poshmark, Musically, Slack and Offer Up in the US, and then Xiaomey, four-game and Domew ads in Asia, just to name a few. |
0:39.1 | And previously, Hans was with Bessima Venture Partners, where he helped global players such as Skype |
0:43.6 | expand into China. Hans was also a founding member of two Pan-Asian internet startups that was |
0:48.4 | subsequently sold to telcos. And due to his incredible success, Hans has been ranked as a top VC |
0:53.3 | on the Forbes Midas list since 2013, |
0:56.3 | and was recognised by the founder and CBN News Magazines in the past as a top 10 most entrepreneur-friendly VC in China. |
1:03.1 | I'd also want to say a huge thank you to friend of the show, Semmel Shah, at Haystack, |
1:06.9 | for the intro to Hans today, without which this episode would not have been possible. |
1:10.7 | However, before we meet today's guest, it's the new year, and everyone is thinking of health and diet, |
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1:27.9 | unlimited snacking program for offices of all sizes, starting with just $12 per month per employee. You can |
1:34.5 | choose the plan that fits your team and ensure you never run out of snacks again. And if your body |
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... |
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