VCs are seeking Vietnamese Web 2.0 Startups

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.

Some guys just put a website selling T-shirts to VCs called VC Wear, with a cool and funny pitch just enjoy over the weekend. Don't take it seriously.                                                                                                                                                                                                                  

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Since IDG Ventures Vietnam announced its investment in VC Corporation recently, many Vietnamese are wondering about VC Incubator model and how it is different from IDGVV's. A slide presentation by a founder of SlideShare could be an answer.

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If you need further assistance on funding models, feel free to contact me.