By Evan Vitale
Here are some of the venture capital stories and events making headlines recently.
Bloomberg is reporting that China is calling for more government financing in venture capital.
China’s government is developing a bigger appetite for venture capital.
The country’s powerful State Council is encouraging more government agencies and companies to funnel money into private startups while getting the state to take part in the nation’s technology boom. In a new document published on its website Tuesday, the country’s cabinet urged government-led funds to play a greater role in guiding venture capital investment, while promising to level the playing field for foreign VCs.
The full story is here: http://bloom.bg/2cINSDQ
Speaking of China, women there have launched more than half of all new Internet companies there.
The largest venture capital fund ever raised by a woman isn’t in Silicon Valley or even the U.S. It’s in Beijing and is run by a former librarian who keeps such a low profile that she’s a mystery in her native China. Chen Xiaohong rarely attends industry conferences or events. She hadn’t given a media interview in more than a decade until agreeing to break her silence this summer. “I don’t like being part of a club,” said Chen during a four-hour discussion at her firm’s headquarters. “I believe in staying independent, making your own decisions.”
The story, also by Bloomberg, is here: http://bloom.bg/2cZcvbV
And, speaking of women, the “Women Who Fund Forum” in Ann Arbor, Michigan, is designed to connect those who want to break into the venture capital and private equity investing field.
The second annual Women Who Fund Forum next week will showcase and connect women who are breaking through the gender barrier of the traditional male strongholds of venture capital and private equity investing.
The program is 11 a.m. -4 p.m. Sept. 29 at the Graduate hotel in Ann Arbor. The keynote speaker will be Margaret Gibson, a partner in the Chicago-based law firm of Kirkland & Ellis LLP.
Check out the details here: http://bit.ly/2clQYaX
