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Hans Tung

23 statements across 2 episodes · 6 bullish · 2 bearish · 1 people on the record · first statement Jan 8, 2018 by Hans Tung · said 13 times in 4 episodes since 2018 · across every show →

On the record as a speaker too: Hans Tung's record, appearances and statements → this page counts the times other people say the name.

Mentions by year

brought up most by Harry Stebbings (8), Glenn Solomon (3), Jeff Richards (2)

every mention, scene by scene, with the transcript →

Everything said about Hans Tung, oldest first

Jan 8, 2018 bullish
Prediction Not checkable as stated
Hans Tung: Globalization of consumer mobile internet is the decade's biggest trend
“Over the next 10 years, between 2013 and 20 23, globalization of mobile internet, especially for consumer companies, Will be the most important trend I will ever bet on in my career, and hence, because I have a more global view, I am still extremely bullish on…”
Hans Tung Jan 8, 2018 ▶ 5:30 20VC: Why This Is Just The Start for Consumer Mobile, 3 Lessons China Taught About How To Invest Better In The US & How To Think About The Opportunity Cost of Capital Deployment with Hans Tung, Managing Partner @ GGV Capital
Jan 8, 2018
Insight
Tung: Building products only for privileged peers limits startups to niche markets
“If you only build a service, a product for yourself or your friends, that's a relatively niche market.”
Hans Tung Jan 8, 2018 ▶ 9:40 20VC: Why This Is Just The Start for Consumer Mobile, 3 Lessons China Taught About How To Invest Better In The US & How To Think About The Opportunity Cost of Capital Deployment with Hans Tung, Managing Partner @ GGV Capital
Jan 8, 2018
Insight
Tung: Diverse teams enable tech startups to scale globally much easier
“You want to have a team with diversity of background, opinions, thoughts, and experiences, because that would help you scale globally much easier.”
Hans Tung Jan 8, 2018 ▶ 10:43 20VC: Why This Is Just The Start for Consumer Mobile, 3 Lessons China Taught About How To Invest Better In The US & How To Think About The Opportunity Cost of Capital Deployment with Hans Tung, Managing Partner @ GGV Capital
Jan 8, 2018
Insight
Tung: Startups should prioritize high volume over high profit margins
“Don't worry about high margin. Worry about high volume.”
Hans Tung Jan 8, 2018 ▶ 10:18 20VC: Why This Is Just The Start for Consumer Mobile, 3 Lessons China Taught About How To Invest Better In The US & How To Think About The Opportunity Cost of Capital Deployment with Hans Tung, Managing Partner @ GGV Capital
Jan 8, 2018 bullish
Insight
Hans Tung: Opportunity size and team quality outweigh valuation sensitivity
“I focus more on how big that opportunity can be down the road, and I focus on how well I think this team stack up against everyone else in that same space, and I don't mind to pay valuation that's a bit higher for the right team and for the right category. It …”
Hans Tung Jan 8, 2018 ▶ 12:58 20VC: Why This Is Just The Start for Consumer Mobile, 3 Lessons China Taught About How To Invest Better In The US & How To Think About The Opportunity Cost of Capital Deployment with Hans Tung, Managing Partner @ GGV Capital
Jan 8, 2018 neutral
Disclosure
Hans Tung: GGV Capital targets 0.5x to 1x reserve ratio
“We tend to have a reserve ratio somewhere around one to one or one to two. So for every dollar we put in, sometimes we have a dollar in reserve. Sometimes we have 50 cents on the reserve.”
Hans Tung Jan 8, 2018 ▶ 14:13 20VC: Why This Is Just The Start for Consumer Mobile, 3 Lessons China Taught About How To Invest Better In The US & How To Think About The Opportunity Cost of Capital Deployment with Hans Tung, Managing Partner @ GGV Capital
Sep 20, 2021
Insight
Hans Tung: Venture investment outcomes take seven to nine years to determine
“And as you know about venture, you don't know exactly what will happen until year seven, year eight, year nine.”
Hans Tung Sep 20, 2021 ▶ 6:27 20VC: Investing Lessons From Rounds In Peloton and Square, Why Great Investing is Stock-Picking and Sector Penetration & The Next Decade in Venture, Is Tiger's The Right Model with Hans Tung, Managing Partner @ GGV Capital
Sep 20, 2021
Insight
Hans Tung: Venture scale requires replacing fundamental behavior, not just incumbents
“If you believe that is a substitution of gym membership and enlarging the pie, and you can argue for those that miss Uber or anything that drive sharing, it's a car ownership substitution, not just a substitution of taxi services, then the pie becomes a lot bi…”
Hans Tung Sep 20, 2021 ▶ 12:56 20VC: Investing Lessons From Rounds In Peloton and Square, Why Great Investing is Stock-Picking and Sector Penetration & The Next Decade in Venture, Is Tiger's The Right Model with Hans Tung, Managing Partner @ GGV Capital
Sep 20, 2021 positive
Opinion
Hans Tung: Today's crypto movement mirrors the 1993 Netscape internet boom
“Seeing some of my classmates end up going to Yahoo, end up going to Netscape, end up going to some other internet startups, It's kind of like what you see with crypto today, and you just see, wow, anything's possible”
Hans Tung Sep 20, 2021 ▶ 3:58 20VC: Investing Lessons From Rounds In Peloton and Square, Why Great Investing is Stock-Picking and Sector Penetration & The Next Decade in Venture, Is Tiger's The Right Model with Hans Tung, Managing Partner @ GGV Capital
Sep 20, 2021 positive
Assertion Supported
GGV Capital's AUM expanded from $1B to $8B in its second decade
“And in our AUM for GGV, the first 10 years was a billion. The second 10 years is eight billion.”
Hans Tung Sep 20, 2021 ▶ 16:22 20VC: Investing Lessons From Rounds In Peloton and Square, Why Great Investing is Stock-Picking and Sector Penetration & The Next Decade in Venture, Is Tiger's The Right Model with Hans Tung, Managing Partner @ GGV Capital
Sep 20, 2021
Disclosure
Hans Tung: GGV exits post-IPO positions by selling 5-10% quarterly
“Once our company go public, instead of trying to figure out which one's likely to be the next square and next Zendesk and continue to, or Airbnb and continue to rise, we have sort of adopted approach of being willing to exit evenly, quarter by quarter, a finit…”
Hans Tung Sep 20, 2021 ▶ 23:24 20VC: Investing Lessons From Rounds In Peloton and Square, Why Great Investing is Stock-Picking and Sector Penetration & The Next Decade in Venture, Is Tiger's The Right Model with Hans Tung, Managing Partner @ GGV Capital
Sep 20, 2021 negative
Prediction Not checkable as stated
Hans Tung: Tech will face regulation because its benefits are unprecedentedly concentrated
“You will see regulation. You will see some pushback because tech does not benefit all. It does not benefit all. It is more concentrated than almost any form of innovation we have seen before, so that needs to be dealt with.”
Hans Tung Sep 20, 2021 ▶ 35:54 20VC: Investing Lessons From Rounds In Peloton and Square, Why Great Investing is Stock-Picking and Sector Penetration & The Next Decade in Venture, Is Tiger's The Right Model with Hans Tung, Managing Partner @ GGV Capital
Sep 20, 2021 bearish
Prediction Not checkable as stated
Hans Tung: Fast-funded startups and venture funds will fail medium-term
“Medium terms, you know, some of the companies are not going to make it. Some of the funds are not even going to make it.”
Hans Tung Sep 20, 2021 ▶ 8:41 20VC: Investing Lessons From Rounds In Peloton and Square, Why Great Investing is Stock-Picking and Sector Penetration & The Next Decade in Venture, Is Tiger's The Right Model with Hans Tung, Managing Partner @ GGV Capital
Sep 20, 2021
Insight
Hans Tung: Multi-stage VCs should aggressively pursue missed startups at inflection points
“If somehow miss them early, wasn't as sure if they can make it. Once they reach that inflection point, once they have developed a new nugget of truth, I should be more aggressive or encourage my partners and I to be more aggressive to go back and invest in the…”
Hans Tung Sep 20, 2021 ▶ 25:51 20VC: Investing Lessons From Rounds In Peloton and Square, Why Great Investing is Stock-Picking and Sector Penetration & The Next Decade in Venture, Is Tiger's The Right Model with Hans Tung, Managing Partner @ GGV Capital
Sep 20, 2021
Insight
Hans Tung: The best startups are always expensive in every funding round
“One of the key lessons I learned as a multi-stage investor over my career is that the best companies are always going to be expensive every single round.”
Hans Tung Sep 20, 2021 ▶ 8:50 20VC: Investing Lessons From Rounds In Peloton and Square, Why Great Investing is Stock-Picking and Sector Penetration & The Next Decade in Venture, Is Tiger's The Right Model with Hans Tung, Managing Partner @ GGV Capital
Sep 20, 2021
Disclosure
Hans Tung passed on early investment rounds in Chime and DoorDash
“If I look at some of the misses we had, you know, I did not invest in Chime. I did not invest in DoorDash.”
Hans Tung Sep 20, 2021 ▶ 25:10 20VC: Investing Lessons From Rounds In Peloton and Square, Why Great Investing is Stock-Picking and Sector Penetration & The Next Decade in Venture, Is Tiger's The Right Model with Hans Tung, Managing Partner @ GGV Capital
Sep 20, 2021
Insight
Hans Tung: Board members should limit feedback to one or two priorities
“Because you give someone 10 things they need to work on, they're not going to do most of them. You tell someone there's one or two things you've got to really think about, they remember it.”
Hans Tung Sep 20, 2021 ▶ 29:32 20VC: Investing Lessons From Rounds In Peloton and Square, Why Great Investing is Stock-Picking and Sector Penetration & The Next Decade in Venture, Is Tiger's The Right Model with Hans Tung, Managing Partner @ GGV Capital
Sep 20, 2021 positive
Disclosure
Hans Tung: GGV Capital invested in Peloton at a $1 billion valuation
“I remember investing in Peloton at about a billion dollar valuation.”
Hans Tung Sep 20, 2021 ▶ 10:24 20VC: Investing Lessons From Rounds In Peloton and Square, Why Great Investing is Stock-Picking and Sector Penetration & The Next Decade in Venture, Is Tiger's The Right Model with Hans Tung, Managing Partner @ GGV Capital
Sep 20, 2021
Disclosure
Hans Tung: Sub-$100M startup investments can reach $100B valuations
“I invested in some of the companies at, you know, sub one hundred million valuation. When they become, you know, five, 10, 20, sometimes even a hundred billion dollar valuation, it really doesn't matter what I'm to the rest of a portfolio.”
Hans Tung Sep 20, 2021 ▶ 9:46 20VC: Investing Lessons From Rounds In Peloton and Square, Why Great Investing is Stock-Picking and Sector Penetration & The Next Decade in Venture, Is Tiger's The Right Model with Hans Tung, Managing Partner @ GGV Capital
Sep 20, 2021 positive
Opinion
Tung: Multi-stage investing is superior to single-stage venture capital
“Again, this is why investing in multi-stage is much better than investing in single stage, because you get to see and choose, okay, I love this sector, I love this founder, but it's just a bit too early, or they're at a tough We should come back to it later wh…”
Hans Tung Sep 20, 2021 ▶ 21:48 20VC: Investing Lessons From Rounds In Peloton and Square, Why Great Investing is Stock-Picking and Sector Penetration & The Next Decade in Venture, Is Tiger's The Right Model with Hans Tung, Managing Partner @ GGV Capital
Sep 20, 2021
Insight
Hans Tung: Growth-stage financial models rarely predict returns beyond 5x
“So even in the analysis that you do, it's hard to predict anything beyond three to five X in the growth stage. So you have to pick ones that has a special possibility for a lot more.”
Hans Tung Sep 20, 2021 ▶ 11:57 20VC: Investing Lessons From Rounds In Peloton and Square, Why Great Investing is Stock-Picking and Sector Penetration & The Next Decade in Venture, Is Tiger's The Right Model with Hans Tung, Managing Partner @ GGV Capital
Sep 20, 2021
Insight
Hans Tung: Innovating during market downturns creates stronger companies
“So having gone through a few cycles earlier in three big ones with Asia financial crisis, internet bubble, the first one, and then the financial crisis from the U S it gives you perspective on when other people are afraid and Stop investing or stop innovating.…”
Hans Tung Sep 20, 2021 ▶ 5:40 20VC: Investing Lessons From Rounds In Peloton and Square, Why Great Investing is Stock-Picking and Sector Penetration & The Next Decade in Venture, Is Tiger's The Right Model with Hans Tung, Managing Partner @ GGV Capital
Sep 20, 2021
Insight
Tung: Public investors evaluate future growth potential, ignoring early venture returns
“Those public investors don't care how much money this company has made for their early stage investor. They only care at the time of their own entry, how much more growth is ahead.”
Hans Tung Sep 20, 2021 ▶ 24:34 20VC: Investing Lessons From Rounds In Peloton and Square, Why Great Investing is Stock-Picking and Sector Penetration & The Next Decade in Venture, Is Tiger's The Right Model with Hans Tung, Managing Partner @ GGV Capital
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