Comment on China, the cash triple trillionaireComments−ChuckMcM15yIt is good to keep this in mind. China as VC of last resort? They could fund the equivalent of the entire 1995 - 2001 tech bubble.−barkingcat15yNo - China as VC means that the government takes over your company, and they would own all your IP (ie give your ideas to "natively developed" companies so they can compete against you with your own work). Would you want that to happen?−thebooktocome15yGP did say "last resort." Sometimes it's more important that a thing exists than whether or not you make a profit off it.
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It is good to keep this in mind. China as VC of last resort? They could fund the equivalent of the entire 1995 - 2001 tech bubble.
No - China as VC means that the government takes over your company, and they would own all your IP (ie give your ideas to "natively developed" companies so they can compete against you with your own work). Would you want that to happen?
GP did say "last resort." Sometimes it's more important that a thing exists than whether or not you make a profit off it.