Venture Capital Moving Directly from Taiwan To US

Santa Clara, CA - AsiaWired, Inc., formally announced their strategic alliance with TVCA, R.O.C., establishing a transnational investment partnership helping Asian venture capitalists to find investment opportunities in the United States, especially in Silicon Valley. TVCA, originally founded as Taipei Venture Capital Association in 1999, invested $400 million for 766 companies throughout Asia in their first year. Venture Capital growth rates have reached 36.75% in Taiwan, according to TVCA statistics for 1999.

In order to keep track of this growth TVCA has aligned itself with AsiaWired, Inc., a leading Asia Pacific Infomediary for investors, entrepreneurs, and professionals. Startups now can obtain suitable funding while venture capitalists can find the right startups for their investment. According to Max Huang, CEO of AsiaWired, Inc., total Asian funding has reached $5 billion, for 1999, placing Asian venture capitalists as the second largest investment group in the world. TVCA manages 8% of the total amount of Asian funding.

AsiaWired, Inc. and TVCA have, in effect, accelerated the process of securing startup capital for Asian and North American entrepreneurs by offering direct funding to their clients. The VC-Startup partnership is one of AsiaWired, Inc.'s many exchange networks. TVCA's assets total $3.2 billion, and as part of this new alliance, these funds will now be channeled through AsiaWired, Inc.