Sep 14, 2024, 3:00 AM@asymco Where should I look for understanding this massive drop in China Startup funding?
I have loved your analysis for a long time, so I trust you and your recommendations.☺️
- Sep 14, 2024, 3:00 AM
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Asymcoasymco@mastodon.socialSep 15, 2024, 3:24 PM@javbw This is astonishing. i had heard warnings to stay out of China if you are an investor or founder but did not realize it was this bad. My hypothesis for a few years now has been that the collapse in Chinese entrepreneurship is due to government policy (as is almost everything else in China.) Investment is a capital allocation problem. At some point one has to ask if a system that is predicated on the eradication of capitalism can sustain and encourage capitalism.