More than $9 billionGGV Capital is a prominent player in venture capital. GGV Capital, a 22-year-old venture capital firm, invests in startups at all stages of their development, including seed and growth. It also invests in enterprises/cloud and fintech.
This year was one of the most challenging for the startup industry in a while. This forced both founders and investors alike to adapt to a market that is very different from what they experienced in 2021.
To better understand GGV’s position in a difficult project environment, I sat down to Hans Tung, Managing Partner, to get his thoughts on the state and future of investing. He also explained why he believes that there are many large fintech companies still to be built and that raising the bottom round “isn’t the end”. .”
“It’s not the end of the world if you raise a round. The only important thing is that you end up getting a good result.” Hans Tung, GGV
Robin Li, Director of Financial Technology, joined the conversation to discuss why embedded financial technology will play an important role in financial services over the next years.
Tong, who has been an investor for more than 20 years, has backed the likes Divvy Homes and IDwall as well as Karat, Rupeek, Karat, IDwall, Karat and Mexico’s Turtlemint. Tong, who has seen a few cycles over the years, may be less concerned about the current downturn that other venture capitalists. Lee assumed the leadership of Carat Financial, and Novo.
[Editor’s note: This interview has been edited for clarity and brevity.]
GGV’s Robin Lee, Hans Tung. Credits: JGV Capital
How was this year for you as an active financial tech investor?
tungWe don’t attempt to time the market. Last year, we didn’t overinvest. There was a lot more inner push to keep up with the rest. It has worked out well, as we have more dry powder and more time to trade this fiscal year. We have the time to double our portfolio. We may have slowed down the pace of our global portfolio investment by around 50% this year, compared to last.
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