Virtuous cycle

Bartlomiej Owczarek weblog

You are currently browsing the Virtuous cycle weblog archives for tag 'vc'.

Return to 'Virtuous cycle' home page

China not so easy for the VC

Article by David Hornik (VC) on his impressions from trip to China.

One line summary (I’m in a hurry:): Chinese market is great, but there are few real entrepreneurs. And there is no effective legal protection for investors, so you have to count on the culture not to get screwed by Chinese entrepreneurs. But unfortunately the culture makes it ok to screw foreign investors.

Warsaw Stock Exchange: record number of IPOs

63 IPOs this year, more than a record 1997. Importantly, it includes 8 foreign companies, and more are to debut till the end of this year. In Europe, WSE is second only to London market as far as number of IPOs are concerned.

And this not counting New Connect, a fast-track market for small but hot companies which opened in August and already lists 13 companies.

Poland edges towards stock-based development model (anglosaxon) instead of bank-centered (German), which I personally find very positive – more dynamism, openness and free market access to capital.