Monday, September 27, 2010

Dave McClure?s First Investment In China: ChinaNetCloud (TCTV)

This guest post is by Dave McClure, founder of 500 Startups and GeeksOnaPlane. As we wrap up our GeeksOnaPlane video series for TechCrunch TV, I thought I'd offer a perspective on Asia from the eyes of a Silicon Valley geek and investor (not to mention the father of two Japanese-American kids). I am extremely optimistic about tech entrepreneurship around the world, and in particular in the emerging powerhouse economies of Asia. My new fund 500 Startups is only a few months old, and yet we have already made 8 investments outside the US (4 in Europe, 4 in Asia). Earlier this year, on a trip to Japan I made an investment in MyGengo.com, which provides a crowdsourcing platform and API for language translation. Over the spring & summer, we made several other investments in Europe after meeting companies last year in London at SeedCamp. And our most recent deal happened just this past Thursday, and is our first portfolio company in China -- ChinaNetCloud out of Shanghai.

MILLICOM INTL CELLULAR MOBILE TELESYSTEMS NANYA TECHNOLOGY

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