Friday, February 23. 2007
Come across IDG Ventures Partner J
eff Bussgang' blog, we see very bright future for Vietnamese
start-ups. In the quest for VC funding, my friend who run a community
shopping choviet.com came
to DFJ VinaCapital. The process is as long as many VC firms', as result of only one in the porfolio. The reason maybe laid in its strategy which cling to Vietnamese overseas in contrast to IDG
Ventures Vietnam that seeks home grown talents, boasting most promising targets
for M&A and IPO. IDGVV is walking around an online job firm but the process could not
be faster as lack of sensible venture capitalists. Vietnamese Government
will launch a VC fund soon, but I wonder how this can
work.