As people realize that the economics of startups have changed and more and more people are willing to jump to a startup, accelerators are popping up everywhere to support them. This includes China. Chinaccelerator based in Dalian, China, is the gold standard of accelerators in China. I am a mentor there and last week went up to Dalian for a visit. The cohort at Chinaccelerator is working out of an awesome office in Dalian with epic views of the bay.
Chinaccelerator had me do a two hour talk to the group about my experiences in raising money over the years. I called it “Lessons Learned from Raising Venture Capital.” I went through several lessons I have learned over the years ranging from how much money to raise, how to approach investors, and how to determine valuation. We then had an awesome exchange and Q&A session.
After the talk I had one on one meetings with six of the teams and was very impressed with each of them. I suspected that all of them would be targeting the China market exclusively, however, only a handful were, the rest were global in their business plans. I left Dalian inspired by all the teams’ passion and energy.
It is great seeing accelerators pop up all over the world to support startups. This week I visit one in Sofia, Bulgaria.