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13300 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
While we wait ... although Big Ten has considered a suspension for Michigan coach Jim Harbaugh, it is considering a range of possibilities, including a significant fine, sources told @CFBHeather and ... |
13301 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
Public reprimands/fines are common penalties under B1G sportsmanship policy. — Adam Rittenberg (@ESPNRittenberg) November 9, 2023
Michigan's 10-page letter to Big Ten released
Yahoo Sports' Dan Wet... |
13302 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
The letter outlines Michigan's belief that the Big Ten would be acting too hastily in suspending Harbaugh or levying any punishment toward Michigan before the completion of a full NCAA investigation.... |
13303 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
The letter outlines Michigan's belief that the Big Ten would be acting too hastily in suspending Harbaugh or levying any punishment toward Michigan before the completion of a full NCAA investigation.... |
13304 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
In the letter, Michigan said the university has not had the chance to review all the evidence and respond, which oversteps the due process allowed for Michigan. It said Pettiti should not have unilat... |
13305 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
Michigan noted that regarding evidence, there is nothing it is aware of to claim athletics personnel at Michigan committed the allegations, and said the rule pertaining to electronic recordings of ga... |
13306 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
It said the information obtained is "at most a reflection of information that teams can and easily do obtain through public and permissible sources," and because of that it is "highly dubious" that S... |
13307 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
It said the information obtained is "at most a reflection of information that teams can and easily do obtain through public and permissible sources," and because of that it is "highly dubious" that S... |
13308 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
Here is Michigan’s 10-page letter to the Big Ten responding to the sportsmanship investigation, reporting with @RossDellenger 1/3 pic.twitter.com/P0oYgIbS67 — Dan Wetzel (@DanWetzel) November 9, 2023... |
13309 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
His colleague Adam Rittenberg reported Wednesday that a decision was expected by Thursday.
Source: The Big Ten is reviewing the lengthy written responses from both Michigan and Jim Harbaugh. There’s... |
13310 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
His colleague Adam Rittenberg reported Wednesday that a decision was expected by Thursday.
Source: The Big Ten is reviewing the lengthy written responses from both Michigan and Jim Harbaugh. There’s... |
13311 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
There’s no indication of any timetable on a decision on potential Big Ten discipline in the case of Michigan’s alleged illegal signal stealing. — Pete Thamel (@PeteThamel) November 9, 2023
Big Ten c... |
13312 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
There’s no indication of any timetable on a decision on potential Big Ten discipline in the case of Michigan’s alleged illegal signal stealing. — Pete Thamel (@PeteThamel) November 9, 2023
Big Ten c... |
13313 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
— Pete Thamel (@PeteThamel) November 9, 2023
Big Ten commissioner to miss College Football Playoff meeting Thursday
Tony Pettiti is set to be absent from the College Football Playoff meeting set to... |
13314 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
That leads to further speculation that punishment could be coming soon in Michigan's sign-stealing scandal.
Big Ten commish Tony Petitti will NOT be in Dallas for today’s @CFBPlayoff meeting. — Heat... |
13315 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
That leads to further speculation that punishment could be coming soon in Michigan's sign-stealing scandal.
Big Ten commish Tony Petitti will NOT be in Dallas for today’s @CFBPlayoff meeting. — Heat... |
13316 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
Big Ten commish Tony Petitti will NOT be in Dallas for today’s @CFBPlayoff meeting. — Heather Dinich (@CFBHeather) November 9, 2023
Wednesday, Nov. 8
Ohio State denies having shared Michigan's play... |
13317 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
8
Ohio State denies having shared Michigan's play signals with Purdue
Ohio State coach Ryan Day was asked about the allegations that Ohio State had given information about Michigan's signs to Purdu... |
13318 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
8
Ohio State denies having shared Michigan's play signals with Purdue
Ohio State coach Ryan Day was asked about the allegations that Ohio State had given information about Michigan's signs to Purdu... |
13319 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
He denied them forthright.
“I can tell you this right now that nobody here did any of that,” Day said, per the Columbus Dispatch. “We went through and made sure we asked all the questions and got ou... |
13320 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
“I can tell you this right now that nobody here did any of that,” Day said, per the Columbus Dispatch. “We went through and made sure we asked all the questions and got our compliance people involved... |
13321 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
None of that came back at all. I can answer very strongly that that did not happen.”
Michigan submits response to Big Ten
In the latest step toward a resolution, Michigan has submitted its response... |
13322 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
ESPN reported earlier Wednesday that no ruling from the conference is expected until Thursday, as the Big Ten is planning to "take time to absorb" what Michigan has to say.
Michigan has sent its res... |
13323 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
Michigan has sent its response to the Big Ten, a school official tells ESPN. Commissioner Tony Petitti now must decide how to proceed with potential discipline. — Adam Rittenberg (@ESPNRittenberg) No... |
13324 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
Commissioner Tony Petitti now must decide how to proceed with potential discipline. — Adam Rittenberg (@ESPNRittenberg) November 8, 2023
Yahoo Sports obtained a copy of the 10-page letter sent by Mi... |
13325 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
Within it, the school warned Big Ten commissioner Tony Pettiti against levying "premature" disciplinary action against Jim Harbaugh and alleged that in-person scouting and sign-stealing are commonpla... |
13326 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
Within it, the school warned Big Ten commissioner Tony Pettiti against levying "premature" disciplinary action against Jim Harbaugh and alleged that in-person scouting and sign-stealing are commonpla... |
13327 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
"The conference should act cautiously when setting precedent given the reality that in-person scouting, collusion among opponents, and other questionable practices may well be far more prevalent than... |
13328 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
"The conference should act cautiously when setting precedent given the reality that in-person scouting, collusion among opponents, and other questionable practices may well be far more prevalent than... |
13329 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
Conference awaits Michigan response
The Big Ten expects a formal response from Michigan to the notice of discipline by the end of the day Wednesday, ESPN's Pete Thamel reports. His colleague Adam Ri... |
13330 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
His colleague Adam Rittenberg adds that a ruling is expected to come down Thursday.
Sources: The Big Ten expects a response from Michigan on the notice of discipline by the end of day on Wednesday. ... |
13331 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
Don’t expect any ruling by the Big Ten on Wednesday, as they are expected to take time to absorb Michigan’s response. — Pete Thamel (@PeteThamel) November 8, 2023
Tuesday, Nov. 7
Michigan says thre... |
13332 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
— Pete Thamel (@PeteThamel) November 8, 2023
Tuesday, Nov. 7
Michigan says three other Big Ten schools shared decoded Wolverines signals
While Michigan tries to navigate the storm around its progr... |
13333 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
Michigan has shared evidence with the Big Ten and NCAA showing staff members at Ohio State, Purdue and Rutgers shared intelligence on the Wolverines' signals prior to last year's Michigan-Purdue Big ... |
13334 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
Michigan has shared evidence with the Big Ten and NCAA showing staff members at Ohio State, Purdue and Rutgers shared intelligence on the Wolverines' signals prior to last year's Michigan-Purdue Big ... |
13335 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
Documents breaking down Michigan's signals for numerous plays were compiled by Purdue staffers ahead of the game based on information provided by Ohio State and Rutgers football personnel, the report... |
13336 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
However, the primary difference is Michigan is accused of using in-person scouting, which has been prohibited under NCAA rules for nearly 30 years, to acquire its information.
Monday, Nov. 6
No con... |
13337 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
However, the primary difference is Michigan is accused of using in-person scouting, which has been prohibited under NCAA rules for nearly 30 years, to acquire its information.
Monday, Nov. 6
No con... |
13338 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
Monday, Nov. 6
No connection between Buckeyes coach, Michigan investigation
Ohio State coach Ryan Day and his family have no connection to the Big Ten and NCAA investigations into Michigan, Yahoo S... |
13339 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
A report emerged over the weekend indicating Day may have had some involvement in the probe into the Buckeyes' arch-rivals, but the NCAA told the Big Ten there are no ties that it knows of between th... |
13340 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
NCAA shares findings with Big Ten as Harbaugh suspension looms
Yahoo Sports reported Monday that the NCAA shared its investigation findings with the Big Ten, noting that the findings "do not connect... |
13341 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
NCAA shares findings with Big Ten as Harbaugh suspension looms
Yahoo Sports reported Monday that the NCAA shared its investigation findings with the Big Ten, noting that the findings "do not connect... |
13342 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
Still, the conference is considering a suspension for Harbaugh and could hand down punishments before the end of the week.
Yahoo says a multi-game suspension for Harbaugh is on the table, though Mic... |
13343 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
Still, the conference is considering a suspension for Harbaugh and could hand down punishments before the end of the week.
Yahoo says a multi-game suspension for Harbaugh is on the table, though Mic... |
13344 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
Yahoo says a multi-game suspension for Harbaugh is on the table, though Michigan is fully expected to fight a ban if one is handed down. It would be Harbaugh's second suspension of the season, as the... |
13345 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
Saturday, Nov. 4
Harbaugh 'likely' to be suspended
According to The Athletic's Pete Thamel, the Big Ten might be getting closer to handing down a suspension for Harbaugh.
"Over the past few days, ... |
13346 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
"Over the past few days, Petitti has spoken with the athletic directors, he's spoken with the presidents, he's spoken with the coaches. And the next steps appear that there will be some type of punis... |
13347 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
And the next steps appear that there will be some type of punishment for Michigan. The most likely scenario here is some type of suspension for Jim Harbaugh," Thamel said on ESPN's "College GameDay."... |
13348 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
The most likely scenario here is some type of suspension for Jim Harbaugh," Thamel said on ESPN's "College GameDay."
MORE: Why Jim Harbaugh won't find refuge in the NFL
It was reported earlier in t... |
13349 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
MORE: Why Jim Harbaugh won't find refuge in the NFL
It was reported earlier in the week that coaches were putting pressure on the Big Ten to hit Michigan with some form of punishment, with Purdue's ... |
13350 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
Harbaugh was already suspended three games at the start of the season, in a ban imposed by the school itself in an attempt to ward off a separate NCAA investigation.
Friday, Nov. 3
Suspended footba... |
13351 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
Harbaugh was already suspended three games at the start of the season, in a ban imposed by the school itself in an attempt to ward off a separate NCAA investigation.
Friday, Nov. 3
Suspended footba... |
13352 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
Friday, Nov. 3
Suspended football analyst Connor Stalions resigns
Michigan football analyst Connor Stalions, the focus of the NCAA's investigation, resigned on Friday night, the university confirme... |
13353 | Michigan sign-stealing scandal news: Latest updates on possible Jim Harbaugh suspension from NCAA cheating investigation
Statement from Michigan (confirming earlier reports that Connor Stalions is no longer with the program): "Connor Stalions resigned his position with Michigan Athletics this afternoon. We are unable t... |
13354 | The fate of US venture capital in China teeters on uncertainty
Fate of US venture capital in China teeters on uncertainty Tech crackdown in China and US scrutiny drive some of these VCs to look abroad
On a weekday afternoon at Red Rock Coffee, the café known for spotting venture capitalists in Silicon Valley, one is l... |
13355 | The fate of US venture capital in China teeters on uncertainty
With China reopening its borders this spring following three years of COVID-19 restrictions, managers of U.S. funds in the country have been flocking to the Bay Area. While these trips were routine before the pandemic, they have now taken on a fresh purpose... |
13356 | The fate of US venture capital in China teeters on uncertainty
With China reopening its borders this spring following three years of COVID-19 restrictions, managers of U.S. funds in the country have been flocking to the Bay Area. While these trips were routine before the pandemic, they have now taken on a fresh purpose... |
13357 | The fate of US venture capital in China teeters on uncertainty
They would seek out the equivalents of Facebook, Amazon and Uber on the other side of the Pacific Ocean and hope they become winners in the country’s largely untapped internet market.
This dealmaking strategy of American funds in China has become less effe... |
13358 | The fate of US venture capital in China teeters on uncertainty
This dealmaking strategy of American funds in China has become less effective in the face of shifting global and domestic landscapes. Driven by a confluence of factors, from China’s crackdown on the tech industry to escalating U.S.-China tensions, some of t... |
13359 | The fate of US venture capital in China teeters on uncertainty
This dealmaking strategy of American funds in China has become less effective in the face of shifting global and domestic landscapes. Driven by a confluence of factors, from China’s crackdown on the tech industry to escalating U.S.-China tensions, some of t... |
13360 | The fate of US venture capital in China teeters on uncertainty
Between a rock and a hard place
Since their entry into China in the late 1990s, American venture capital firms, led by powerhouses like Sequoia Capital, IDG Capital and GGV, have played a major role in funding high-risk, high-reward startups in the country... |
13361 | The fate of US venture capital in China teeters on uncertainty
This two-decade-long mutually beneficial relationship, however, now hangs in the balance as changes at home and abroad diminish the pool of investment opportunities for outside financiers.
In recent years, Beijing’s sweeping tech crackdowns have introduced... |
13362 | The fate of US venture capital in China teeters on uncertainty
In recent years, Beijing’s sweeping tech crackdowns have introduced a new sense of uncertainty to investors. VCs fear that their portfolio companies might encounter a fate akin to that of Ant Group, whose colossal initial public offering was called off, and... |
13363 | The fate of US venture capital in China teeters on uncertainty
In recent years, Beijing’s sweeping tech crackdowns have introduced a new sense of uncertainty to investors. VCs fear that their portfolio companies might encounter a fate akin to that of Ant Group, whose colossal initial public offering was called off, and... |
13364 | The fate of US venture capital in China teeters on uncertainty
With China tightening its grip on overseas IPOs, investors who once relied on taking Chinese firms public in the U.S. are no longer assured of an exit channel.
In the meantime, Washington has stepped up restrictions on the flow of U.S. money into China ami... |
13365 | The fate of US venture capital in China teeters on uncertainty
are no longer assured of an exit channel.
In the meantime, Washington has stepped up restrictions on the flow of U.S. money into China amid an escalating tech war between the two superpowers. In August, President Joe Biden signed an executive order barring... |
13366 | The fate of US venture capital in China teeters on uncertainty
In the meantime, Washington has stepped up restrictions on the flow of U.S. money into China amid an escalating tech war between the two superpowers. In August, President Joe Biden signed an executive order barring U.S. investments in three strategically cr... |
13367 | The fate of US venture capital in China teeters on uncertainty
In August, President Joe Biden signed an executive order barring U.S. investments in three strategically critical sectors in China — artificial intelligence, quantum computing and semiconductors.
As USD funds in China await further clarity on the scope of ... |
13368 | The fate of US venture capital in China teeters on uncertainty
They slow down capital deployment even amidst a global AI fervor that has given rise to a parallel AI universe in China. At the same time, domestic RMB funds play an increasing role in funding critical tech sectors. Zhipu AI, one of China’s most ambitious c... |
13369 | The fate of US venture capital in China teeters on uncertainty
Zhipu AI, one of China’s most ambitious challengers to OpenAI, for instance, raised financing in RMB instead of USD.
Even having the Chinese branches of famed American VCs listed on the cap table might deter U.S. investors from funding Chinese founders in ... |
13370 | The fate of US venture capital in China teeters on uncertainty
Even having the Chinese branches of famed American VCs listed on the cap table might deter U.S. investors from funding Chinese founders in their backyard. Local investors are now shunning Chinese “links”, of which definition is ever evolving and broadening,... |
13371 | The fate of US venture capital in China teeters on uncertainty
Even having the Chinese branches of famed American VCs listed on the cap table might deter U.S. investors from funding Chinese founders in their backyard. Local investors are now shunning Chinese “links”, of which definition is ever evolving and broadening,... |
13372 | The fate of US venture capital in China teeters on uncertainty
The country’s USD investors continue to deploy capital in industries that aren’t in the crosshairs of U.S.-China competition, but overall, their activity has dwindled significantly due to the changing regulatory and geopolitical currents, coupled with a slo... |
13373 | The fate of US venture capital in China teeters on uncertainty
The year 2022 saw just $14.5 billion invested in Chinese companies by U.S.-headquartered VCs, compared to $45.4 billion the year before, according to a report from research firm PitchBook. The number of deals nearly halved to 595, and the share of deals wit... |
13374 | The fate of US venture capital in China teeters on uncertainty
The year 2022 saw just $14.5 billion invested in Chinese companies by U.S.-headquartered VCs, compared to $45.4 billion the year before, according to a report from research firm PitchBook. The number of deals nearly halved to 595, and the share of deals wit... |
13375 | The fate of US venture capital in China teeters on uncertainty
The number of deals nearly halved to 595, and the share of deals with U.S. investor participation dropped to 18.2% in 2022 after hovering above 30% for half a decade.
The scaleback is most notable in prolific investors like Sequoia Capital China, which rec... |
13376 | The fate of US venture capital in China teeters on uncertainty
investor participation dropped to 18.2% in 2022 after hovering above 30% for half a decade.
The scaleback is most notable in prolific investors like Sequoia Capital China, which recently changed its name to HongShan after splitting off its China operation.... |
13377 | The fate of US venture capital in China teeters on uncertainty
The scaleback is most notable in prolific investors like Sequoia Capital China, which recently changed its name to HongShan after splitting off its China operation. Despite its proactive move to decouple, Sequoia still faces scrutiny from the U.S. governmen... |
13378 | The fate of US venture capital in China teeters on uncertainty
Despite its proactive move to decouple, Sequoia still faces scrutiny from the U.S. government over its decades of activity in China. For the first three quarters this year, HongShan completed just 47 deals, compared to 99 deals in the same period of 2022, a... |
13379 | The fate of US venture capital in China teeters on uncertainty
Despite its proactive move to decouple, Sequoia still faces scrutiny from the U.S. government over its decades of activity in China. For the first three quarters this year, HongShan completed just 47 deals, compared to 99 deals in the same period of 2022, a... |
13380 | The fate of US venture capital in China teeters on uncertainty
The reversing turtles
As China’s domestic investment appeal wanes, some investors start to look for opportunities beyond its borders. Rather than a complete departure, they are merely following the footsteps of Chinese talent who have already embarked on g... |
13381 | The fate of US venture capital in China teeters on uncertainty
Rather than a complete departure, they are merely following the footsteps of Chinese talent who have already embarked on global expansion. (We’ve covered the topic extensively here and here.)
Chinese startups have a long history of going abroad, and every ... |
13382 | The fate of US venture capital in China teeters on uncertainty
Chinese startups have a long history of going abroad, and every wave has assumed its own approach. Previously, many companies would venture out only after succeeding in China. These days, more are eyeing global expansion from day one, sometimes even skippin... |
13383 | The fate of US venture capital in China teeters on uncertainty
These days, more are eyeing global expansion from day one, sometimes even skipping their home market.
Many in the current generation of globalizing Chinese founders have studied or worked overseas. Captivated by the Chinese internet’s rapid growth, they re... |
13384 | The fate of US venture capital in China teeters on uncertainty
Captivated by the Chinese internet’s rapid growth, they returned home in the late 2010s to join the likes of Tencent, Baidu, Alibaba and ByteDance. Having gained an insider’s look into Chinese tech titans, they set out on their own entrepreneurial journey w... |
13385 | The fate of US venture capital in China teeters on uncertainty
In China, they are called haigui, or those who “return from overseas,” a homophone of “sea turtles.” Their dreams started to crumple following the fall from grace of Ma, whose Ant Group and Alibaba became prominent targets of China’s tech crackdown. They so... |
13386 | The fate of US venture capital in China teeters on uncertainty
In China, they are called haigui, or those who “return from overseas,” a homophone of “sea turtles.” Their dreams started to crumple following the fall from grace of Ma, whose Ant Group and Alibaba became prominent targets of China’s tech crackdown. They so... |
13387 | The fate of US venture capital in China teeters on uncertainty
They soon realized that China had entered a new era, where the regulatory hurdles for running a startup have significantly heightened.
The year 2022 saw just $14.5 billion invested in Chinese companies by U.S.-headquartered VCs, compared to $45.4 billion t... |
13388 | The fate of US venture capital in China teeters on uncertainty
The year 2022 saw just $14.5 billion invested in Chinese companies by U.S.-headquartered VCs, compared to $45.4 billion the year before.
To launch an AI service in China, for example, a company needs to navigate a multitude of complications, which can incl... |
13389 | The fate of US venture capital in China teeters on uncertainty
To launch an AI service in China, for example, a company needs to navigate a multitude of complications, which can include obtaining a license for its large language model, seeking regulatory approval for its algorithms and implementing a costly censorship ... |
13390 | The fate of US venture capital in China teeters on uncertainty
“You need to pick sides. You either focus on China or go overseas, otherwise, you end up doing double the workload but with a lot less funding secured from the last two years,” said one of the five China-based VCs we interviewed for the story. We also spoke... |
13391 | The fate of US venture capital in China teeters on uncertainty
“You need to pick sides. You either focus on China or go overseas, otherwise, you end up doing double the workload but with a lot less funding secured from the last two years,” said one of the five China-based VCs we interviewed for the story. We also spoke... |
13392 | The fate of US venture capital in China teeters on uncertainty
We also spoke to six diaspora Chinese entrepreneurs. Due to the sensitivity of the topic, all of them have asked to remain anonymous.
Some ambitious, well-funded AI startups want to target both sides. To that end, they would create two entities each tailor... |
13393 | The fate of US venture capital in China teeters on uncertainty
We also spoke to six diaspora Chinese entrepreneurs. Due to the sensitivity of the topic, all of them have asked to remain anonymous.
Some ambitious, well-funded AI startups want to target both sides. To that end, they would create two entities each tailor... |
13394 | The fate of US venture capital in China teeters on uncertainty
Some ambitious, well-funded AI startups want to target both sides. To that end, they would create two entities each tailored to the Chinese and non-Chinese markets while raising capital in USD and RMB separately.
Not every startup has the resources to purs... |
13395 | The fate of US venture capital in China teeters on uncertainty
To that end, they would create two entities each tailored to the Chinese and non-Chinese markets while raising capital in USD and RMB separately.
Not every startup has the resources to pursue a dual-market strategy, so many “sea turtles” wound up leaving C... |
13396 | The fate of US venture capital in China teeters on uncertainty
Not every startup has the resources to pursue a dual-market strategy, so many “sea turtles” wound up leaving China again. While foreign markets present their own sets of challenges — competition and skepticism toward outsiders — these entrepreneurs perceive... |
13397 | The fate of US venture capital in China teeters on uncertainty
While foreign markets present their own sets of challenges — competition and skepticism toward outsiders — these entrepreneurs perceive a broader, more predictable opportunity in AI in the West. This reversal of their trajectory has earned them the moniker,... |
13398 | The fate of US venture capital in China teeters on uncertainty
In Silicon Valley, they are little known to investors. Occasional media reports that stress their Chinese background further erode trust in potential investors and customers at a time when concerns about national security already run high.
Even having the ... |
13399 | The fate of US venture capital in China teeters on uncertainty
Even having the Chinese branches of famed American VCs listed on the cap table might deter U.S. investors from funding Chinese founders in their backyard, three founders said. Local investors are now shunning Chinese “links,” of which definition is ever evo... |
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