Venture Capital Moving Directly from Taiwan To US
Mon. May 22, 2000 12:00 AM by Business Wire
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.
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