Low/No tech trend in VCs.
High tech, low tech, or no tech. It doesn’t really matter these days to US VCs. All that matters is the bottom line…. Thats why big shots like Kleiner and Sequoia are going no tech in China. While it’s getting harder and harder to find blockbuster tech deals in the US, theres plenty of non tech deals elsewhere in the world with blockbuster potential and, in some cases, lower risk. This is what VCs based in China/Taiwan have been looking at for awhile. When I was at Vincera, we invested in a bread machine making company. Yes, not your average deal, but with solid management, a competitive advantage and a huge market, you don’t need to be groundbreaking to get your 5-10x in 5-7 years. All I’m worried about is that the presence of these big shots in Asia will drive up valuations and make it more difficult for regionally focused VCs to get these types of deals.