Entries tagged as IDG
Friday, June 20. 2008
Can eBay Pull Chodientu up?
BusinessWeek just posted an article on partnership between eBay
and Vietnamese clone Chodientu.
Although eBay is a global powerhouse but no successful track record in
Asia. C2C E-commerce in Vietnam should have a long way to go since
online payment and security are big obstacles. The article mentioned IDG
and Softbank as investors of Chodientu.vn, that made local media
interpreting "leading mobile operator" in Japan (Softbank) as
partner of Chodientu.vn. In fact, the VC firms that put money into
Chodientu are IDG Ventures Vietnam
and presumably Softbank India and
China Holding. In Vietnam Chodientu.vn had associated with two
infamous actions: site cracking by former technical guy (team chemistry
problem) and CPC ad widget calculation with publishers. It is easy to
understand a global player like eBay need a local partner to enter the
market but as a local player you should focus on building customer base,
community, user experience rather than putting partnership with VC and
international partner as top priority.
Monday, April 7. 2008
IDG Ventures Rebranding, More Money to Vietnam
After IDG Ventures Boston broke
off from its affiliation with IDG Ventures network and rebranded to
Flybridge Capital Partners, IDG Chairman Pat McGovern decided to
restructure the global VC
network with central unit based in Boston. Former Managing Partner
of Prevail Capital Steve Kahn will lead
this newly created IDG Capital with main work of raising money for funds
in Vietnam, India and Korea.
Quote from VentureWire:
Sources: VentureWire, VentureBeat
Quote from VentureWire:
IDG is typically the sole backer of its venture affiliates’ first funds. If the fund generates suitable returns to warrant a successor fund, IDG’s strategy is to open up that second fund to limited partners, while committing 10% to 25% of the capital.
The company set up a $100 million fund in Vietnam in 2004, a $150 million India fund in 2006, and a $100 million Korea fund late last year…McGovern expects IDG to establish its first fund in Eastern Europe this fall, with $150 million and an office in Warsaw; a second early-stage Vietnam fund next year with about $200 million; a second India fund with $350 million in 2010; a growth fund in Vietnam with $350 million in 2010; and a similar-sized growth fund in Korea in 2010 or 2011.
Sources: VentureWire, VentureBeat
Posted by Jason
at
20:48
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Defined tags for this entry: IDG, venture capital
Friday, July 13. 2007
IDGVV Brings More Money to Vietnam
IDGVV annou
nced 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
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Defined tags for this entry: IDG, venture capital
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