US Technology Brands Increase Due to One Chinese Millennial's Financial Support
MENLO PARK, Calif. (PRWEB) February 21, 2018 -- Silicon Valley's newest tech start-ups are receiving an influx of Chinese dollars with 25 year old Will Zheng's North American-based early stage venture capital firm LYVC.
His company has already backed 18 individual high-tech startups in industries including VR/AR, FinTech, SaaS, Automotive, Education, Mobile Internet, Big Data, TMT, eCommerce, and Transportation as well as invested in 10 early stage venture funds.
Much of this is due to its ability to leverage markets and find financial support in partnership with the Li Yuan Group—one of the leading investment corporations in China with approximately $2.4B under its management in the investment sector.
“After attending college in the US and working in the cross-border venture capital business, I recognized a need for a US-based entity that could bridge the language and cultural barriers of overseas investors,” explained Zheng.
LYVC does more than provide funding. They work to match startups with the right partners, solve legal issues related to setting up entities in China, and are an invaluable manufacturing resource for brands, particularly those in the hardware industry.
“We help facilitate their relationship with manufacturers in China so both sides have a more efficient experience,” said Zheng. “It just makes sense to leverage this facet as more start-ups are focusing on choosing the right investors in their early stages.”
So far his plan is paying off, with companies like Lifeprint Inc. and Snackoo Inc. as well as venture funds like Spider Capital and Liquid2 Ventures coming on board.
About LYVC
LYVC is an early stage venture capital firm that backs companies and funds who share the values of integrity, pragmatism, innovation, and efficiency. They believe that great entrepreneurs create enduring companies that improve the world. Although based in Silicon Valley, the firm has access to incredible resources in China through the Li Yuan Group.
For more information or to schedule an interview, [email protected].
Aleah McGlover, ChicExecs PR & Retail Strategy, http://chicexecs.com/, +1 760-429-6702, [email protected]
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