Danny Lui (; 7 January 1957 – 1 July 2012Startup Capital Ventures- In memoriam http://startupcv.com/member/danny-lui/) was a

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...

entrepreneur Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values th ...

and

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which ha ...

ist. He graduated from

Imperial College Imperial College London (legally Imperial College of Science, Technology and Medicine) is a public research university in London, United Kingdom. Its history began with Prince Albert, consort of Queen Victoria, who developed his vision for a cu ...

, London with a degree in

Computer Science Computer science is the study of computation, automation, and information. Computer science spans theoretical disciplines (such as algorithms, theory of computation, information theory, and automation) to Applied science, practical discipli ...

before returning to Hong Kong and winning the Hong Kong Young Industrialist Award in 1992. He is best-known for co-founding

Lenovo Lenovo Group Limited, often shortened to Lenovo ( , ), is a Chinese Multinational corporation, multinational technology company specializing in designing, manufacturing, and marketing consumer electronics, Personal computer, personal computers, ...

. He maintained working relationships with governments in

China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...

and

.Authosis Ventures
He also had a network of venture capital connections on both sides of the

Pacific The Pacific Ocean is the largest and deepest of Earth's five oceanic divisions. It extends from the Arctic Ocean in the north to the Southern Ocean (or, depending on definition, to Antarctica) in the south, and is bounded by the continen ...

Life

Lui was born in January 1957 in

to a relatively poor working-class family and for the duration of his early life, he began to develop an interest and passion for computers. In the late 1970s he graduated from

, London with a

Bachelor's Degree A bachelor's degree (from Middle Latin ''baccalaureus'') or baccalaureate (from Modern Latin ''baccalaureatus'') is an undergraduate academic degree awarded by colleges and universities upon completion of a course of study lasting three to six ...

. Following his graduation, he worked for a London-based firm building software applications for other companies. In 1982, Denny returned to Hong Kong and started his first business, Daw Computer Systems, Ltd. Seven years later, he teamed up with China Academy of Sciences’ Institute of Computing and co-founded the legend group, known as

in Hong Kong, which in December 2004 acquired the PC Division of IBM for $1.7 billion. In 1994, he led Legend through a successful

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

on the

Hong Kong Stock Exchange The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is repor ...

and the company today is currently the largest PC manufacturer in China. Three years later, Lui founded APTG Ventures, his first venture fund focusing on high-tech investments in

Silicon Valley Silicon Valley is a region in Northern California that serves as a global center for high technology and innovation. Located in the southern part of the San Francisco Bay Area, it corresponds roughly to the geographical areas San Mateo County ...

and China. The fund has since been received with relative success, having identified star companies with strong exit records and profitable returns through IPOs as well as mergers and acquisitions. In 2000. Lui established his second fund, Authosis which focused on both IT and

semiconductor A semiconductor is a material which has an electrical resistivity and conductivity, electrical conductivity value falling between that of a electrical conductor, conductor, such as copper, and an insulator (electricity), insulator, such as glas ...

industry and invested mainly in early-stage software and fabless IC design companies targeting the

internet The Internet (or internet) is the global system of interconnected computer networks that uses the Internet protocol suite (TCP/IP) to communicate between networks and devices. It is a '' network of networks'' that consists of private, pub ...

e-commerce E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain manageme ...

wireless Wireless communication (or just wireless, when the context allows) is the transfer of information between two or more points without the use of an electrical conductor, optical fiber or other continuous guided medium for the transfer. The most ...

and mobile solutions, consumer electronics,

computing Computing is any goal-oriented activity requiring, benefiting from, or creating computing machinery. It includes the study and experimentation of algorithmic processes, and development of both hardware and software. Computing has scientific, e ...

and communication markets. Five years later in 2005, Lui co-founded a new venture fund,

Startup Capital Ventures A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship refers to all new businesses, including self-employment and businesses that never intend t ...

, with John Dean, former Chairman and CEO of

Silicon Valley Bank Silicon Valley Bank is an American commercial bank. SVB is on the list of largest banks in the United States, and is the biggest bank in Silicon Valley based on local deposits. It is a subsidiary of SVB Financial Group. History Silicon Valley Ba ...

, and several other partners. The fund emphasizes on investing early-stage companies in Silicon Valley and China.

References

External links

Danny Lui - Startup Capital Ventures
{{DEFAULTSORT:Lui, Danny Hong Kong businesspeople 1957 births 2012 deaths Alumni of the Department of Computing, Imperial College London