Crystal Huang, Principal at GGV Capital, discusses the competitive landscape for early-stage enterprise startups facing potential competition from cloud incumbents.
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“Every pitch that I hear about infrastructure is ostensibly something that Amazon could do one day, right? Or Microsoft or Google”
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More from Crystal Huang
Insight
Chinese enterprise software cannot rely solely on pure SaaS monetization
“Somewhat tied to lower willingness to pay is the reality that you have to price things differently, and you have to grow to a hundred million dollar revenue business without just relying on pure recurring SaaS, right? And so it could be a combination of transa…”
Crystal HuangJan 10, 2018▶ 8:2720VC: 3 Key Differences Between US and Asian Tech Markets & With Such Large Incumbents Chasing Early Acquisitions, Is There A Market For Later Stage VC with Crystal Huang, Investor @ GGV Capital
Opinion
Chinese tech ecosystem is out-innovating the US in some areas
“Now the whole Chinese startup and tech ecosystem is incredibly vibrant and incredibly strong, and in some ways, even out innovating the U S right.”
Crystal HuangJan 10, 2018▶ 12:2520VC: 3 Key Differences Between US and Asian Tech Markets & With Such Large Incumbents Chasing Early Acquisitions, Is There A Market For Later Stage VC with Crystal Huang, Investor @ GGV Capital
AssertionContradicted
Bike and physical asset sharing were completely invented in China
“And so the whole concept of bike sharing, right. The concept of sharing anything like iPhone chargers, and now there are shared printers and various other things you can fix assets that you can share. Basically that was completely invented in China.”
Crystal HuangJan 10, 2018▶ 16:4720VC: 3 Key Differences Between US and Asian Tech Markets & With Such Large Incumbents Chasing Early Acquisitions, Is There A Market For Later Stage VC with Crystal Huang, Investor @ GGV Capital
PredictionNot checkable as stated
Chinese AI innovation will surge rapidly due to state and corporate support
“And then I think very soon we're going to see that, you know, the AI and machine learning and deep learning talent in China is very, very strong because the government and, you know, the large technology giants are so committed to it that very soon we're going…”
Crystal HuangJan 10, 2018▶ 17:1420VC: 3 Key Differences Between US and Asian Tech Markets & With Such Large Incumbents Chasing Early Acquisitions, Is There A Market For Later Stage VC with Crystal Huang, Investor @ GGV Capital
Opinion
Baidu, Alibaba, and Tencent exert more market dominance than US giants
“The top three exert An almost disproportionate influence on the market relative to even Amazon or Google in the US.”
Crystal HuangJan 10, 2018▶ 17:5620VC: 3 Key Differences Between US and Asian Tech Markets & With Such Large Incumbents Chasing Early Acquisitions, Is There A Market For Later Stage VC with Crystal Huang, Investor @ GGV Capital
AssertionSupported
Alibaba's free DingTalk wiped out the Chinese enterprise chat startup market
“Alibaba released DingTalk, which is a free workplace collaboration and chat product. And it's been free and it's basically completely sucked away that market and run away with it. And now really nobody wants to build a chat enterprise chat product anymore beca…”
Crystal HuangJan 10, 2018▶ 18:4220VC: 3 Key Differences Between US and Asian Tech Markets & With Such Large Incumbents Chasing Early Acquisitions, Is There A Market For Later Stage VC with Crystal Huang, Investor @ GGV Capital
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