Jul 20, 2009
Entrepreneurship in China
Had dinner with a few entrepreneurs/ a few VC folks; group included the COO of italki,com, CEO of Circolos.com, folks from DFJ… My takeaway is that entrepreneurship in China is a vibrant and growing opportunity, especially for ABC’s.
Seems that business models that work in the US are being quickly brought to China and working well. Literally, exact knockoffs of the US sites down to the pixel. Makes me wonder how much is about management teams, iterations, marketing, branding, community outreach, etc… when it just seems that the marketplace is the core component here in China. Be a fast follower on a solid product and maybe that’s enough.
Other technologies that I think can do well as a knockoff in China:
Vark.com
Techmeme.com (or any meme site)
Anything mobile. Cell phones are everywhere.
Yelp.com
