If venture is a “pillar of national importance,” then China has developed its soft power skills well, especially in deeptech.
Before the Russian invasion of Ukraine, GCV wrote: “Venture capitalists are being schooled in the realities of hard power”, looking at the impact on VCs of geopolitical tensions.
Just over 100 days into the war, a classic management time to review if objectives have been hit, it is worth seeing how the scorecard reads and, specifically, if venture capital is now a pillar of national importance how the geopolitics might shape the investment flows by corporations and state-owned enterprises.
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