Jenny Lee
Managing Partner, GGV Capital. On 2 shows, 2 appearances. The Shows tab opens the full record on each.
investorauthorjournalistexecutiveengineer
Jenny Lee is an identity conflating venture capitalist Jenny Lee and author Jennifer 8. Lee. One is a Senior Managing Partner at Granite Asia, while the other is a former New York Times journalist and CEO of Plympton.
2shows
2appearances
17statements
8resolved
6supported
1contradicted
75%fully supported
Everything Jenny Lee said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Lee: Pure software enablement models fail globally across emerging markets
“Enablement doesn't work globally because the stage of development of the development community is very different.”
Lee: VCs use post-term sheet legal negotiations to diligence the CEO
“From an investor point of view, a term sheet sign is not a deal done. We continue to do our due diligence up to the last day, and the entire negotiation process with a founder on the terms is a, like the most revealing of all due diligence”
Lee: Enterprise software buyers in China are budget-based, not SaaS-based
“In China, when you look at so-called SaaS companies, they are, You know, same thing, trying to address similar issues, but the way the market is set up is that many of the customers are budget-based. They are not SaaS-based. They're not going to pay you per mo…”
Lee: GGV has walked away from deals over protracted legal negotiations
“We have been known to step away from a deal, because through that negotiation process, the only the lawyers are making money, because the clock keeps going, the turns keep going, and I'm like, three million deal, they're gonna spend half a million on legal?”
Unicode Voting Power Concentrated Among US Tech Giants, SAP, and Oman
“No, so of those 12, so of those 12, nine are U.S. Multinational tech companies. Oracle, IBM, Google, Yahoo, Adobe, Facebook, Microsoft, and Symantec. Then of the other three full voting members, one is the German software company SAP, another is the Chinese te…”
Lee: Standard Emoji Set Offers Only Four Gendered Roles for Women
“Because one of the big problems right now on, on the existing set of women as represented by emoji is like, there are only like really four roles for women to play compared to men. You know, men, you can be a sleuth or you can be, you know, a policeman. You ca…”
Lee: Founders should reverse-diligence VCs starting from the first meeting
“Having the right investor who knows what it takes to build and have done similar things becomes very important. So doing that due diligence becomes very important. And you should feel very empowered to ask those questions, even from day one of your engagement …”
Lee: Series A legal fees should normally be under $50,000
“You can get a deal, series A, Less than 50 K is the norm. If you're paying more than that, something's wrong. Maybe 20, 20 K is what we see if there's no restructuring, right?”
Unicode Consortium Has 12 Voting Members Paying $18,000 Annually
“Emoji are regulated by the Unicode Consortium, which is a non-profit organization Based in Mountain View, California, it now has 12 full voting members that pay 18,000 dollars a year just to vote on issues, including, like, emoji and other kind of, like, techn…”
Lee: GGV portfolio company Kingsoft WPS trades at a $20B valuation
“The best company, one of our investment, WPS, which is like the Kingsoft equivalent, or the Microsoft Office equivalent of the Western world, is the number one player in China. They are budget-based, right? Of course, you know, one could say they are SaaS. The…”
Lee: GGV reserves 50% of its early-stage fund for follow-on investments
“In our early stage fund, we do one-to-one, right? So, let's say our fund is five hundred million, we may, we will only plan to invest 250 half, and reserve the other half, you know, for subsequent support of the portfolio company.”
Lee: Tracked one startup from Series A before finally investing at Series E
“I've tracked companies for five years, and the entire team knows me from A to E, and I only came in at Series E.”
Lee Successfully Passed Unicode Proposals for Dumpling and Takeout Emojis
“In January of 2016, we submitted a full proposal for dumplings, takeout box, chopsticks, and fortune cookies, and got those all passed.”
Unicode Emoji Criteria Explicitly Forbids Celebrities, Deities, and Logos
“Also, there's one of the more interesting rules, which is no celebrities, deities, or logos.”
Lee: Existing Vendor Adoption Is Key to Unicode Emoji Approval
“One of the easiest things, actually, to get emoji passed is showing that a vendor uses it.”
Complex Emojis Combine Multiple Characters Using Zero-Width Joiners
“Is the gay family emoji originally, where they're not, it's not actually one emoji, you know, the one's like man, man, kid, kid. That is actually a compound emoji of four characters glued together using something called a quote, zero with joiner, which is basi…”
One line per show, most statements first. The link opens Jenny's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
 SAASTRLEDGER | Managing Partner, GGV Capital | 1 | 9 | 50% 1/2 | full record on the Official SaaStr Podcast → |
 a16zLEDGER | 1 | 8 | 83% 5/6 | full record on the a16z Podcast → |