IDGVV Brings More Money to Vietnam

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Friday, July 13. 2007

IDGVV a nnounced today its investment into two companies: Vega Software which runs the video sharing site Clip.vn and Goldsun Focus Media, a division of Goldsun Advertising, would clone the successful China's Focus Media. Actually IDG Ventures China has Focus Media in its China portfolio and Vietnam side could learn from the Chinese partner. IDGVV' LP chairman Patrick McGovern said a second fund of $350 millions should be launched this year and could total up to $650 millions till the year 2010 including current $100 millions fund. It seems that now IDGVV is the dominant player in the technology VC investment in Vietnam since DFJ Vinacapital was left far behind. It is a good opportunity for international VC firms such as Benchmark Capital, Softbank to enter the market being seen the next China.

Posted by Jason at 16:58 | Comments (3) | Trackbacks (0)

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Hi Jason, I just recently stumbled upon your blog =) Your blog title was too enticing for me to not comment, as I'm an aspiring Vietnamese entrepreneur. Keep up the great blogging, you just gained a loyal reader. - Michael Vu www.fantasysportsmatrix.com

#1 Michael Vu (Homepage) on 2007-07-16 12:26 (Reply)

Would love to see your sport SN live

#1.1 Jason (Homepage) on 2007-07-16 18:09 (Reply)

We're working very hard to go beta within a few weeks. I'll be sure to keep you posted and invite you to participate. Cheers, Michael Vu www.fantasysportsmatrix.com

#2 Michael Vu (Homepage) on 2007-07-17 11:20 (Reply)

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IDGVV Brings More Money to Vietnam

VCs are seeking Vietnamese Web 2.0 Startups

Friday, July 13. 2007

IDGVV Brings More Money to Vietnam

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