Headline, September 08 2024/ ''' TECH INVESTORS TEEM '''

''' TECH INVESTORS

 TEEM '''

WITH ALMIGHTY GOD'S BLESSINGS - WHEN !WOW! begins its election campaign led by the esteemed Founders and Students of America, the perceived market value of !WOW! : between 28-34 US billions of dollars.

EVERY PENNY belongs to the students of the world. Just as all future ads revenues, endowments, Film rights, Book Rights, innovations, inventions, grants, scholarships, sponsorships, IPOs, belong as exclusive rights and ownership of students of the entire world.

MOST CONVERSATIONS IN SILICON VALLEY this summer, bounced among four glittering topics.  The lead topic, expectedly, was Samdailytimes, !WOW!, and the Ecosystem 2011. AND 

THE VCs hummed about how little confidence they have in China, how many opportunities  artificial intelligence presents in the United States, and how they can get into the game on this side of the Pacific.

Chinese tech professionals are moving to Silicon Valley for opportunities they don't believe are available in China anymore. They're part of a wave of Chinese companies '' going global,'' as a growing number of businesses look outside their home country for growth.

With China's economy in a lasting slump, investors and entrepreneurs are seeking the next China. They feel unwelcomed by their government which in recent years has sent an ominous message by clamping down on private companies.

But the heightened tensions between China and the United States make it tough to operate as Chinese-based businesses with international ambitions in South east Asia, the Middle East and Africa. But only one other market can compare to China in size and potential. That's the United States.

Most eager to make the jump are the venture capitalists. They used to be able to raise money from funds managed by America's university endowments, retirement pensions and wealthy individuals, and then invest that money in Chinese start-ups.

They helped give rise to China's tech industry, backing Alibaba, Baidu [ internet search ], Xiaomi [ smartphones ] and Didi [ ride hailing ].  When these companies did public stock offerings, the venture capital investors reaped bountiful returns.

This is also the group in the most awkward position. Neither Neijing nor Washington wants these people to invest in cutting-edge technologies such as artificial intelligence, quantum computing and semiconductors.

Both governments have made it difficult for the companies they back to list stock for sale in New York, their main way to cash in.

'' We used to enjoy the best of both worlds,'' said a venture capitalist who has worked in both countries for decades. '' Now we're losing on both ends.''

All of the 14 Chinese venture capitalists and entrepreneurs I talked to are working in Silicon Valley or making plans to do so. Most of them requested anonymity because they don't want to attract attention from Beijing or Washington.

The first thing one of them said to me when we met in Palo Alto was that her career in China was finished and that she was depressed. She had not made a single deal in nearly three years. She plans to focus on Silicon Valley but will need to spend time in China to wind up projects.

Another investor, who had not visited the United States much in the past decade, told me that she would split her time between the two countries while looking for U.S. start-ups to back.

A third person, who relocated to Silicon Valley this year, was the most determined to settle down. He said he was selling his investments in or dissolving his companies in China. He no longer feels safe there, he said, because the government jailed entrepreneurs or imposed fines - some times huge fines - on private enterprises.

He said most of his peers were reluctant to leave China completely and start over in a foreign country with a foreign language and a foreign culture. It has been tough for him, he added.

Tom Zhang, a well-connected human resources expert who has worked at several big tech companies in Silicon Valley, said he had met with many many investors from China since last year.

'' They have completely lost their direction, buzzing around like flies, not knowing what to invest in next,'' he told me.

There's no doubt that these investors belong to the privileged class. To meet with them, I visited quite a few fancy mansions. One home sat atop the Los Angeles hills, my Uber driver whistled in awe when he turned into the long driveway.

Then he chuckled when he stopped his modest S.U.V. in front of a red Ferrari, a Tesla Cybertruck and a few Audis and BMWs. And there was Mr. Wei's party, which one partygoer described to me as Gatsbyesque.

Nonetheless, the frustrations of this moneyed  set reflect a significant shift in the tech world : the bust of a financial pipeline known as U.S. dollar - denominated venture capital funds, and the demise of the market-economy model that propelled China's tech growth.

Behind the shift is the vision that China's leader, Xi Jinping, has for the country's tech industry, one that is led by the government and aims for national self-reliance.

The ramifications of this approach for China's drive for innovation and its tech rivalry with the United States won't be clear for years.

But for now, on the human level, it's a waste of talent for China. Investors who spent two decades cultivating start-ups and shaping tech development have nowhere to apply their expertise.

The problem for China's displaced investor's is that the United States isn't exactly a welcoming land.

The Honour and Serving of the Latest Global Operational Research on !WOW!, Venture Capital, Tech Entrepreneurs and Investors, and the Global Spectrum continues. The World Students Society thanks The New York Times.

With most respectful dedication to the Global Founder Framers of !WOW!, the Market Economy, Tech Investors, and then Students, Professors and Teachers of the world.

See You all prepare for Great Global Elections on The World Students Society - the exclusive and eternal ownership of every student in the world - and for every subject : wssciw.blogspot.com and Twitter X !E-WOW! - The Ecosystem 2011 :

Good Night and God Bless

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