As featured in TechCrunch
After a seed round of $1-2 million helps build a working prototype and a $5-10M Series A enables a successful beta and launch, what comes next? Lots of entrepreneurs have reached out to me recently to discuss what it takes to raise a successful Series B, and luckily, for many enterprise companies, a similar pattern emerges.
The birth of the smartphone and then the app store have provided companies with a revolutionary platform to reach consumers all over the world. But this also means that any business that has an app is essentially global from day 1. This presentation produced by GGV Capital analyzes how this global mobile revolution has occurred and offers strategies for tackling international mobile markets, specifically China and Europe.
Unless you’re living under a rock, you know that Alibaba started trading on the NYSE earlier today. The company priced its IPO at $68/share and closed today at $93.89, up 38%, during its first day of trading. GGV Capital invested in Alibaba in 2003. During the ensuing 11+ years, we’ve watched Alibaba grow tremendously within China, and, more recently, outside of China as well. I was privileged to join the conversation on CNBC this morning as Alibaba was opening for trading. Below is the video clip from that interview: