China  2.0  Beijing  Forum  Stanford  Center  at  Peking  University  

April  12th  2013  

Marguerite  Gong  Hancock,  Associate  Director  –  SPRIE;  Co-­‐Chair  –  China  2.0    Duncan  Clark,  Chairman  of  BDA  China;  Senior  Advisor  &  Co-­‐Chair  –  China  2.0  Dan  J.  Wang,  Ph.D.  Candidate,  Department  of  Sociology,  Stanford  University  

#China20     weibo.com/stanfordgsb      

Research  Briefing  

Welcome

The Internet in China & the US: Parallel Yet Connected…!

•  How  are  investment  firms,  investee  companies,  and  key  individuals  related  in  China’s  technology  sectors?  

Key  Individuals  (Power  Nodes)  

Investee    Companies  

Investment    Firms  

SPRIE’s China InvestNet!

•  Investment  Network  Data    –  Thomson  Reuters  SDC  Financial  Pla6num  Data  China  –   3,127  rounds  of  investment  acFvity  –   2,203  China-­‐based  investee  companies  –   769  investment  firms  

Number of investee companies

SPRIE’s China InvestNet – VC investments in China!

•  Biographical  Network  Data    –  Who’s  Who  in  Private  Equity  and  Venture  Capital-­‐China  –   613  individuals  –   203  university  affiliaFons,  366  company  affiliaFons  

Number of individuals with organizational affiliation

SPRIE’s China InvestNet – Alumni & Company Affiliations!

Mapping and visualizing investment patterns!

Investment firm!

Investee company!

Network visualizations are diagrams of relationships between actors

Nodes near the center of the network have

greater influence

Thicker ties represent greater investment activity (by rounds)

Node size indicates total amount of past

investment activity

Internet Industrial,Energy Consumer,Products

So6ware Semiconductors

Telecommunica9ons

InvestNet: By industry sectors!

Beijing'('2000 Shanghai'('2000 Shenzhen'('2000

Beijing'('2011 Shanghai'('2011 Shenzhen'('2011

InvestNet: Beijing, Shanghai & Shenzhen 2000 vs 2011!

Stanford Power Nodes in China’s VC Network!

Selected US Firms with Stanford Alum as Founders !

•  Stanford  living  alumni:  143,000  alumni  with  27,783  respondents  (19%  response)  (Eesley/Miller  Q4  2012)  

•  Elite  University  Graduates:  800  engineering  students  at  Beida,  Tsinghua,  Beijing  Normal,  Stanford  (Zhang,  Pollak  et  al  2013)  

 

University Alumni Entrepreneurship Surveys!

Stanford  =  entrepreneurship  •  29%  entrepreneur  founders  •  32%  start-­‐up  investor,  early  employee  or  board  member:  $9.2  b.  angel  

investment  and  $95  b.  VC  investment  •  Post-­‐1980  serial  entrepreneurs:  800  (1),  400  (2),  200  (3),  ~100  (5)  California/Silicon  Valley  impact  •  18,000  alum  firms  with  California  HQ  employ  3  million  people  •  Post-­‐1990  alums,  39%  founded  firms  <60  miles  of  Stanford  •  38%  of  total  value  of  $10b.+  firms  are  Stanford-­‐affiliated  =>  51.5%  

revenue,  60%  jobs  Global  Talent  Magnet  •  15%  (2,600)  grad  students  from  outside  US  stayed  in  Bay  Area      

     

Stanford Alumni Entrepreneurship Survey (Eesley/Miller)!

Student  Career  Plans  (Beida/Tsinghua/BJ  Normal  vs.  Stanford)  •  Interested  in  starFng  or  joining  start-­‐up  (50%  vs.  65%)  •  Plan  to  start  or  join  start-­‐up  (14%  vs.  77%)  •  Plan  to  join  government  or  SOE  (52%  vs.  5%)  •  Prefer  join  US  start-­‐up  (30%  vs.  89%)  •  Prefer  join  China  start-­‐up  (70%  vs.  11%)  Confidence  in  Securing  Resources  •  Mentoring  (5%  vs.  29%)  •  Funding/Venture  Capital  (2%  vs.  17%)  

 

     

Elite Engineering Alumni Entrepreneurship Survey (Zhang/Pollak et al)!

Selected China Firms with Stanford Alum as Founder !

hlp://sprie.gsb.stanford.edu    

#China20     weibo.com/stanfordgsb      

China  InvestNet    Research  Stanford  Alumni  Entrepreneurs  Survey