Venture capital firm DCM launches US $ 100 million Asian fund to support Android startup (VC302)

On April 22, the venture capital company DCM has launched an Asian A fund with a total value of US $ 100 million to support early Android entrepreneurs.

David Zhao, DCM ’s general partner, said that this idea was put forward at a dinner in Beijing three months ago by DCM, the Japanese mobile game network GREE, and Japanese operator KDDI. Opportunities for a key country.

David Zhao said: "Openness will see explosive development. This may make the world feel for the first time that they can do simple things on their mobile phones and use their talents. If we only target the United States, then will Severely restricted. "

The DCM fund will focus on startups in Silicon Valley, Beijing and Tokyo, and partners in the three places will jointly make investment decisions. The fund will be responsible for existing employees of DCM, but DCM will also recruit some new employees. Although this approach sounds inefficient, DCM has paid great attention to China's strategy. DCM's China business is now more of an independent company than an overseas branch of a Silicon Valley investment company. So far, DCM's China business is working well.

DCM is currently cooperating with some big companies in Asia, including Tencent in China, and GREE and KDDI in Japan. DCM also has some partners in the US, and the company will announce it in the coming weeks.

DCM said that when launching products in China and Japan, startups can get help from DCM strategic partners. However, if you worry that these large competitors will do harm to them, you can also refuse to help these large companies.

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