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MiraclePlus
MiraclePlus () is a Chinese venture capital firm headquartered in Beijing founded in 2018. It was spun off as an independent firm after Y Combinator China was closed. It is one of the largest startup accelerators in China. Background In 2018, Y Combinator (YC) established a unit in China known as YC China. It was led by Lu Qi, a former executive who had worked at Microsoft and Baidu. In November 2019 affected by the China–United States trade war, YC announced that it would be closing YC China. It stated it would revert to its original strategy of supporting companies from its Silicon Valley headquarters. Lu and the members of YC China then established MiraclePlus as an independent firm. It had already start fundraising six months prior to YCs formal announcement when it was still part of YC and had opened its first startup incubation program in China. The format was similar to YC but had a more localized operation. In Spring 2020, MiraclePlus held its second incubation p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lu Qi (computer Scientist)
Lu Qi (; born September 3, 1961) is a Chinese American software executive and engineer who is the head of MiraclePlus, a startup incubator in China. Previously, Lu was the head of Y Combinator's China until it was shut down. He was formerly the chief operating officer of Baidu until he stepped down in May, 2018. He has served as the executive vice president of Microsoft, leading development of Bing, Skype, and Microsoft Office, and software engineer and manager for Yahoo!'s search technology division. Early life Lu was born in Shanghai, China, and was sent to live with his grandparents in a remote village in Jiangsu by his parents during the Cultural Revolution. Lu grew up without electricity, plumbing, and other basic amenities, eating meat only twice a year at Chinese New Year celebrations. Education Lu obtained undergraduate and master's degrees in computer science at Fudan University, where he joined the faculty. After attending a talk by Edmund M. Clarke, Lu was invited ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Y Combinator
Y Combinator, LLC (YC) is an American technology startup accelerator and venture capital firm launched in March 2005 which has been used to launch more than 5,000 companies. The accelerator program started in Boston and Mountain View, California, Mountain View, expanded to San Francisco in 2019, and was entirely online during the COVID-19 pandemic. Companies started via Y Combinator include Airbnb, Coinbase, Cruise (autonomous vehicle), Cruise, DoorDash, Dropbox (service), Dropbox, Instacart, Reddit, Stripe (company), Stripe, Scale AI, Deel (company), Deel, Helion Energy, and Twitch (service), Twitch. History Founded in 2005 by Paul Graham (programmer), Paul Graham, Jessica Livingston, Robert Tappan Morris, and Trevor Blackwell, Y Combinator (YC) initiated operations with concurrent programs in Cambridge, Massachusetts, and Mountain View, California. However, operational complexities arising from managing two programs prompted a consolidation in January 2009, resulting in the cl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sequoia Capital
Sequoia Capital Operations, LLC is an American venture capital firm headquartered in Menlo Park, California, specializing in seed stage, early stage, and growth stage investments in private companies across technology sectors. the firm had approximately US$85 billion in assets under management. Sequoia is an umbrella brand for three regionally focused venture entities: Sequoia Capital Operations on Europe and United States, Peak XV Partners on India and Southeast Asia, and HongShan on China. Notable successful investments made by the firm include Apple, ByteDance, and Cisco. History Sequoia was founded by Don Valentine in 1972 in Menlo Park, California, at a time when the state's venture capital industry was just beginning to develop. Sequoia formed its first venture capital fund in 1974, and was an early investor in Atari the next year. In 1978, Sequoia became one of the first investors in Apple. Partners Doug Leone and Michael Moritz assumed leadership of the firm in 199 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Management Companies Of China
Investment is traditionally defined as the "commitment of resources into something expected to gain value over time". If an investment involves money, then it can be defined as a "commitment of money to receive more money later". From a broader viewpoint, an investment can be defined as "to tailor the pattern of expenditure and receipt of resources to optimise the desirable patterns of these flows". When expenditures and receipts are defined in terms of money, then the net monetary receipt in a time period is termed cash flow, while money received in a series of several time periods is termed cash flow stream. In finance, the purpose of investing is to generate a return on the invested asset. The return may consist of a capital gain (profit) or loss, realised if the investment is sold, unrealised capital appreciation (or depreciation) if yet unsold. It may also consist of periodic income such as dividends, interest, or rental income. The return may also include currency gains ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Established In 2018
Finance refers to monetary resources and to the study and discipline of money, currency, assets and liabilities. As a subject of study, is a field of Business Administration wich study the planning, organizing, leading, and controlling of an organization's resources to achieve its goals. Based on the scope of financial activities in financial systems, the discipline can be divided into personal, corporate, and public finance. In these financial systems, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. Due to its wide scope, a broad range of subfields exists within finance. Asset-, money-, risk- and investment management aim to maximize value and minimize volatility. Financial analysis assesses the viability, stability, and prof ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chinese Companies Established In 2018
Chinese may refer to: * Something related to China * Chinese people, people identified with China, through nationality, citizenship, and/or ethnicity **Han Chinese, East Asian ethnic group native to China. **''Zhonghua minzu'', the supra-ethnic concept of the Chinese nation ** List of ethnic groups in China, people of various ethnicities in contemporary China ** Ethnic minorities in China, people of non-Han Chinese ethnicities in modern China ** Ethnic groups in Chinese history, people of various ethnicities in historical China ** Nationals of the People's Republic of China ** Nationals of the Republic of China ** Overseas Chinese, Chinese people residing outside the territories of mainland China, Hong Kong, Macau, and Taiwan * Sinitic languages, the major branch of the Sino-Tibetan language family ** Chinese language, a group of related languages spoken predominantly in China, sharing a written script (Chinese characters in traditional and simplified forms) *** Standard Chines ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Startup Companies
A startup or start-up is a company or project undertaken by an Entrepreneurship, entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship includes all new businesses including self-employment and businesses that do not intend to Initial public offering, go public, startups are new businesses that intend to grow large beyond the solo-founder. During the beginning, startups face high uncertainty and have high rates of failure, but a minority of them do go on to become successful and influential, such as unicorn (finance), unicorns.Erin Griffith (2014)Why startups fail, according to their founders, Fortune.com, 25 September 2014; accessed 27 October 2017 Actions Startups typically begin by a founder (solo-founder) or co-founders who have a way to solve a problem. The founder of a startup will do the market validation by problem interview, solution interview, and building a minimum viable product (MVP), i.e. a prototype, to develop and validate thei ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Product-market Fit
Product-market fit, also known as product/market fit, is the degree to which a product satisfies a strong market demand. Product-market fit has been defined by its inventor as "a unique product offering that people desperately want." It is a first step to building a successful venture in which the company meets early adopters, gathers feedback and gauges interest in its product(s). History According to Benchmark Capital co-founder Andy Rachleff, Sequoia Capital founder Don Valentine developed the thinking behind product-market fit, but it was Andy who first put a name to it. Venture capitalist Marc Andreessen of Andreessen Horowitz later popularized the term in the mid-2000s. Andreessen credits Rachleff for the concept, referring to the idea as Rachleff's Corollary of Startup Success: "The only thing that matters is getting to product/market fit." Marc Andreessen defined the term as follows: "Product/market fit means being in a good market with a product that can satisfy that m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liu Qiangdong
Liu Qiangdong (Richard) (; born March 10, 1973) is a Chinese Internet entrepreneur. Liu founded JD Multimedia as a business-to-consumer single retail store for magneto-optical products in June 1998 and later moved the company into an e-commerce website known as JD.com (also known as Jingdong) in 2013. Liu is the company's former chief executive officer and now chairman, expanding its e-commerce products from selling consumer electronics to less specialized items. Under his leadership, JD.com has become the largest retailer in China. According to ''Forbes'', Liu's net worth is US$4.9 billion as of 2023. Early life and education Liu Qiangdong was born on March 10, 1973, in Suqian, Jiangsu province. He graduated from primary school in the Jiangsu province and enrolled in the department of sociology in the Renmin University of China 1992. He graduated from Renmin University with a Bachelor of Laws with a major in sociology in 1996. He received an executive Master of Business Admi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Michigan
The University of Michigan (U-M, U of M, or Michigan) is a public university, public research university in Ann Arbor, Michigan, United States. Founded in 1817, it is the oldest institution of higher education in the state. The University of Michigan is one of the earliest American research universities and is a founding member of the Association of American Universities. In the fall of 2023, the university employed 8,189 faculty members and enrolled 52,065 students in its programs. The university is Carnegie Classification of Institutions of Higher Education, classified among "R1: Doctoral Universities – Very high research activity". It consists of nineteen colleges and offers 250 degree programs at the undergraduate and graduate levels. The university is Higher education accreditation in the United States, accredited by the Higher Learning Commission. In 2021, it ranked third among American universities in List of countries by research and development spending, research expe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
China–United States Trade War
An economic conflict between China and the United States has been ongoing since January 2018, when U.S. president Donald Trump began Tariffs in the first Trump administration, imposing tariffs and other trade barriers on China with the aim of forcing it to make changes to what the U.S. has said are longstanding unfair trade practices and Allegations of intellectual property theft by China, intellectual property theft. The First presidency of Donald Trump, first Trump administration stated that these practices may contribute to the U.S.–China Balance of trade, trade deficit, and that the Government of China, Chinese government requires the transfer of American technology to China. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Silicon Valley
Silicon Valley is a region in Northern California that is 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 area of the Santa Clara Valley. The term "Silicon Valley" refers to the area in which high-tech business has proliferated in Northern California, and it also serves as a general metonymy, metonym for California's high-tech business sector. The cities of Sunnyvale, California, Sunnyvale, Mountain View, California, Mountain View, Palo Alto, California, Palo Alto and Menlo Park, California, Menlo Park are frequently cited as the birthplace of Silicon Valley. Other major Silicon Valley cities are San Jose, California, San Jose, Santa Clara, California, Santa Clara, Redwood City, California, Redwood City and Cupertino, California, Cupertino. The San Jose Metropolitan Area has the third-highest GDP per capita in the world (after Zürich, Switzerland, and Oslo, Norway), accor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
