Chinese VCs are hounding failed founders to claw back their investments | TechCrunch
News Source : TechCrunch
News Summary
- VCs are trying to claw back their investments in failed startups by pursuing the personal assets of their founders in court
- This is resulting in some Chinese founders owing millions of dollars to their investors and ending up on debtor blacklists
- The trend is raising concerns about China’s startup ecosystem being irreparably harmed
In the U.S., its accepted that most startups fail and when that happens, VCs (generally) accept their losses and move on. But thats not the case in China, where VCs are trying to claw back their inve [+769 chars]
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