Summary of VC Corner Q+A with Edith Yeung | Startup Grind

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    Edith Yeung: A Leading Investor in Blockchain Startups in China

    Edith Yeung is a prominent figure in the world of venture capital, particularly known for her expertise in the blockchain space and her focus on China-US cross-border investments. She currently heads 500 Startups Greater China and leads their blockchain accelerator program.

    • She has invested in over 50 blockchain, mobile, and AI startups, including notable companies like Lightyear/Stellar, Nebulas, The Republic, Metadium, Solana, Libra Network, Hooked, and many others.
    • Prior to 500 Startups, she held a marketing role at Dolphin Browser, a Sequoia-backed company with over 150 million installs globally.
    • Her experience also includes working with Fortune 500 companies like Siebel, AMS, AT&T Wireless, and Autodesk.

    500 Startups' Mission and Edith's Focus on China

    500 Startups' overarching mission is to identify and support the world's most promising entrepreneurs, assisting them in building successful and scalable businesses. Edith's focus within this mission is on fostering cross-border investments between China and the United States.

    • She is particularly passionate about helping Chinese companies establish a global brand presence.

    Edith's Excitement for Blockchain and Chinese Founders

    Edith highlights her excitement for the blockchain industry, particularly the ambition and drive of Chinese blockchain founders. She sees a unique opportunity for Chinese companies to build global brands in this space from day one.

    Edith's Investment Criteria and Advice for Founders

    Edith's investment decisions are driven by a deep understanding of the "why" behind a founder's journey. She believes that a compelling reason for founding a company is essential.

    • Her key question before investing: "Why this person?"

    For founders seeking investment, Edith advises them to approach investors with a well-defined strategy and a clear understanding of their company's position within the industry. She emphasizes the importance of strong communication skills and a genuine passion for their venture.

    • Her top 7 pitching habits for effective startups include pitching to the right investors, pitching with purpose, telling a compelling story, presenting professionally, understanding the bigger picture, following up consistently, and showcasing passion and honesty.

    Insights from Edith Yeung: Top 3 Priorities for CEOs

    Edith offers valuable insights for CEOs, emphasizing three key priorities:

    • Cultivating a strong company culture.
    • Focusing on growth, both current metrics and future potential.
    • Understanding the broader industry context and positioning their company within it.

    Edith's Leadership Inspiration and Qualities

    Edith admires Jack Ma, the founder of Alibaba, for his leadership qualities. She identifies three essential traits of great leaders:

    • Strategic thinking.
    • Empathy.
    • Communication and persuasion skills.

    Edith's Perspective on Long-Term Success

    Edith believes that a focus on the future is crucial for long-term success. Past investments should not be the primary driving force; instead, the potential for future benefits should guide decisions. This forward-looking approach is essential for navigating the dynamic and ever-evolving world of venture capital.

    Edith's First Investment: Fleksy

    Edith's first investment was in Fleksy, a smartphone keyboard company that was later acquired by Pinterest. This investment, made in 2011, highlights her early recognition of promising startups in the mobile technology space.

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