Hans Tung
Managing Partner, Notable Capital. On 1 show, 2 appearances, plus 1 compilation re-air not counted. The Shows tab opens the full record on each.
investorhost@hanstung ↗LinkedIn ↗hans.vc ↗
Hans Tung is a multi-year Forbes Midas List venture capitalist who leads investments across commerce, fintech, and AI applications. He is best known for backing prominent global tech companies, including Airbnb, Slack, Coinbase, Peloton, Affirm, Wish, Xiaomi, ByteDance, and Anthropic.
1shows
2appearances
42statements
8resolved
6supported
1contradicted
75%fully supported
13said about them ↓ Everything Hans Tung said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Hans Tung: Tiger Global's public-private hybrid model is the future of VC
“But I mentioned that I think back in 2013, the model to look at will ends up being something what Tiger Global is building because it's multi-stage and it is a public fund that if you do that well, The profits of that can help to subsidize growth of their priv…”
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: 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…”
Tung: Startups should prioritize high volume over high profit margins
“Don't worry about high margin. Worry about high volume.”
Hans Tung: Tiger Global subsidizes private equity diligence with public fund profits
“The model to look at will end up being something what Tiger Global is building, because it's multi-stage, And it is a public fund that if you do that well, the profits of that can help to subsidize growth of their private equity business, and they can afford t…”
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: 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: 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: Emerging tech markets experience valuation busts within 3-5 years
“Anytime you look at a new market, initially it will be something that needs to be proven out. So people are cautious. And once you reach that inflection point where people think, oh, this could be the next big thing. And then short term, a lot more capital rus…”
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: 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…”
Tung: Uber turned $1B–$2B investment in China into $7B Didi stake
“They put in about a billion to two in, and they have a stake that's worth seven billion.”
Tung: Western tech companies must enter China via local strategic partners
“We think that a way to go to China is not necessarily to do it yourself, but find a strategic partner in the same way that Yahoo found Alibaba, and that's the right model. So it's not an issue of market. It's an issue of entry model in China.”
Hans Tung: 75% of GGV Capital's team are women
“In our firm, 75% are women, and amongst our six GPs, we have one that's women, and most of our VPs are women.”
Hans Tung: Andreessen Horowitz limits global expansion due to operational complexity
“They're not trying to go global. They do mostly in primarily US and they will dabble here and there, but primarily focus on the US market because it's operational heavy to scale their model.”
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: 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: 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: 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: 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.”
GGV Capital and Wellington were the only firms in both Peloton and Affirm
“And I think the only other firm that did that was Matt at Wellington. So both of us only went and invested in both companies.”
Tung: Back multiple interconnected players forming an ecosystem around a trend
“If you're betting on the trend, you want to bet on multiple players that are somehow working together, forming ecosystem to grow together.”
Hans Tung: Andreessen Horowitz limits global expansion due to operational intensity
“And you talk to fine folks at Andreessen, they're not trying to go global. They do mostly in primarily US and they will dabble here and there, but primarily focus on the US market because it's operational heavy to scale their model.”
Tung: GGV Invested in Square at an $800 Million Valuation
“We invested in Square at about an eight hundred million dollar valuation, and then when a company went public, the valuation for the first two years was not great, but thereafter, they really found the right market fit and found the right engine for the scale,…”
The other half of the tape: Hans Tung's own voice is left out of every number here. Other people bring the name up 13 times in 4 episodes across the shows. every mention, with the transcript →
Who brings them up most Harry Stebbings 8Glenn Solomon 3Jeff Richards 2
Every mention by year
tap a year for its mentions
20VC 13
2021 1 mention in 1 episode
2019 3 mentions in 1 episode
2018 9 mentions in 2 episodes 5 per episode
- 20VC: Lessons From Slack and Opendoor on Price Sensitivity, Why The Best CEOs Are Able To Manage Momentum and Why Being A Board Member is a "Full Contact Sport" with Glenn Solomon, Managing Partner @ GGV Capital
- 20VC: 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
- every mention in 2018, scene by scene →
One line per show, most statements first. The link opens Hans's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
| 20VCLEDGER | Managing Partner, Notable Capital | 2 +1 | 42 | 75% 6/8 | full record on 20VC → |