If you’re not familiar with the “996” acronym in China, it stands for working from 9 a.m. to 9 p.m. six days each week. Jack Ma, founder of Alibaba, seemed to have hit a nerve last week when he remarked on WeChat: “I personally think that being able to work 996 is a huge blessing.” …more
In this era of mega venture rounds — think SoftBank feeding $535M to DoorDash to make sure you can receive that dish of soft-serve yogurt without ever leaving your lazy boy chair — one can become cavalier about a startup securing a measly $100M in venture funding. Fortune even wrote a story in August called …more
I wrote an opinion piece in VentureBeat a few years back titled, “Attention U.S. Startups, Don’t Ignore China.” The punchline — Virtually every startup should have a China strategy. Fast forwarding to today, startups in the U.S. are starting to back off in China. This assessment isn’t based on data; it’s more anecdotal and a …more
One of the top VC firms in Silicon Valley, Sequoia Capital, has a message for its portfolio of startups and the rest of the startup community in Silicon Valley: Stop your bellyaching. Get your butt off the couch and back to working 24/7. If you don’t, startups from China are going to take your lunch …more
