RECAP: Ask A VC Anything!
Online Show with
Han Shen, iFly.vc, Silicon Valley
Some highlights in conversation with Rebecca Fannin:
Hans is making sure to apply strategies from Chinese consumer tech players such as Pinduoduo to his U.S. portfolio companies including Asian e-grocer Weee!
You can always revisit a turned down deal, for better!
He initially rejected an investment in Weee! but after the startup persevered and switched its delivery system, he knew it was time to invest.
Covid opens op to outperform
“In a financial crisis, it’s about how much how much disposable income disappears for the time being. But the flip side is that it gives the chance for companies that can outperform the competition to address the needs of the consumer demand. It’s an incredible window to stand out and outperform.”
Shen formed his own micro-VC firm in 2016, and made 300 pitches to potential investors before raising his first fund. Now, he's investing his second fund, at $50 million, focusing on consumer plays in the U.S.