News & Events

Sequoia China moves investor pitch day online amid virus outbreak – Source Reuters Tech News

HONG KONG/NEW YORK (Reuters) – Tech investor Sequoia Capital China is taking its “Demo Day” online for the first time as part of its efforts to reduce the impact on fundraising from the spread of the coronavirus.

The event, which Sequoia China has held regularly for several years, is designed to introduce some of the fund’s early-stage investments to an invite-only group of potential investors.

Instead of the typical half-day meetings that allow entrepreneurs from across China to mingle with potential backers, this time the event will be held in two three-hour online sessions over two days later this month.

About 30 start-ups will present their companies to some 50 investors, mainly from China.

“As an entrepreneur who went through SARS in 2003, I fully understand the challenges entrepreneurs face during the current coronavirus outbreak,” Neil Shen, Sequoia China’s founding and managing partner, said in a news release.

“We always take a long-term view and believe that…

Read More…

Source Reuters Tech News

Source link