SILICON DRAGON NEWS
SiliconDragonventures.com                                       June 19, 2017         


Silicon Dragon 
NY 2017


  June 21
at Nasdaq
Times Square 
2pm - 6pm
 

Plus After-Event 
Reception with 
Food & Drinks
Celebrate Summer on 
The Terrace! 
757 Third Ave. 
Grant Thornton   
6pm - 8pm

PROGRAM 

New York's Global
Innovation Revolution

(bet you didn't know there was one!)
 

PITCHES
VC JUDGING
$200K AWARD
VC PANEL
M&A DEALS PANEL
TECH CHATS
BOOK TALKS
TECHNION IN NY


NY's TOP VCs 
JUDGE THE
PITCH CONTEST

  Jim Robinson  
RRE Ventures
Brian Cohen
 NY Angels


 AFTER-EVENT
RECEPTION: 6-8pm
Where: 
Grant Thornton
on the terrace 
757 Third Ave.  


Thanks to 
Our Sponsors

Sidley
Grant Thornton
Nasdaq
OTEC
Hudson Club
HOST: VIP DINNER
June 20

_________________

NEXT EVENT

Silicon Dragon
LA 2017

July 26 

Where Digital Entertainment, VR, VC, China & LA Connect! 

Chollywood

A Who's Who 
of Hollywood-China Dealmakers, VCs, 
VR creators at the intersection of LA with the Middle Kingdom! 

Pasadena 
Convention  Center
July 26 
 


Rebecca Fannin

Bet you didn't know you get guest tickets to our VIP events, exclusively for our Silicon Dragon Circle members, a growing universe of well-connected VIPs in the center of the Silicon Dragon action.  

   
Follow Silicon Dragon 
WeChat   

 


NYC startup buzz
Hang Tung; Of the last 11 e-commerce deals GGV Capital has done, 8 are in NY 

For skeptics of New York City's startup scene, it helps to have a close-up view. Rather than look at things through the lens of Silicon Valley, the Big Apple has developed its own brand of startups.
Of course, this has long been called Silicon Alley. That used to mean mostly startups centered on advertising, media and e-commerce.
But today, it's branched out to artificial intelligence, biotech, virtual reality, fintech, natural drinks, livestreaming content and mobile app for foodies,  sports and drivers looking for a parking space.
Just like Stanford, Berkeley and UC Davis fed entrepreneurial talent to the Bay Area, it's Columbia, NYU, Princeton and Cornell in New York that are churning out a new generation of well-educated and well-rounded techies.
Former New York City Mayor Michael Bloomberg put this startup movement into action -- and the new Technion-Cornell Institute that is opening up on Roosevelt Island is just one example. Indeed, Silicon Alley is much broader than the area around the Flat Iron district where it grew up the late 1990s Internet boom.
Silicon Dragon has been involved in this ramp-up too, holding a pitch contest at Nasdaq MarketSite June 21 for the best and brightest up and comers in the city. 
Read
Forbes post: Does NYC have what it takes


DEALS & FUNDS

Chinese bicycle sharing app MoBike has raised $600 million in a Series E round from lead existing investor Tencent and Sequoia Capital China to aim (amazingly) to bring the station-less bikes to 200 cities globally by end of 2017. Mobike has raised nearly $1 billion since October 2016. The race is among China's bike-sharing rivals to ramp up the fastest.

VC deals in the transit sector are where it's at. Chinese used car trading platform Quiza has raised $400 million in a second round from Sequoia Capital China (again!), Matrix Partners, BlueRun Ventures and Hive Capital. Used car sales are on the upswing in China as first-time drivers upgrade to their next model.     

 
NOTEWORTHY
In a quantum leap forward, Chinese scientists have come up with a breakthrough satellite and physics technology that could lead to an 'unhackable' global communications network. Even the Pentagon described the advance as "notable." 

China's detention of the chairman of Anbang Insurance Group and Chinese banks' curbs on sales of the company's investment products could ripple through the country's financial system.  The crackdown comes as Anbang has been testing the limits on expansion and funding sources in a global M&A shopping spree that included the iconic Waldorf-Astoria hotel in New York in 2014 and talks to buy a Manhattan office tower from Jared Kushner's family. 
 
Even the Vatican has gotten into startups! Inspired by the Pope's call for tech startups to do more social good and fight climate change, Fresco Capital founder Steven Forte started a two-month accelerator program in Rome that includes $100,000 in equity financing and a demo day in December at the Vatican. Honolulu-based agtech startup Smart Yields made the first cut and is headed to Rome.    
Michael Bloomberg

The Asia Society of New York hosted a summit discussing the Belt and Road Initiative. Speakers included Michael R. Bloomberg, entrepreneur, philanthropist, and former mayor of New York City, Kevin Rudd, president of the Asia Society Policy Institute,  Ambassador Cui Tiankai, current ambassador of the People's Republic of China to the U.S., and  C.H. Tung, vice chairman of the Twelfth National Committee of the Chinese People's Political Consultative Conference.
Check out Bloomberg's remarks on climate change and a full video of the Asia Society program. It was a packed house!

_________________________________
  
  UPDATE: The Clock is Ticking!   
SILICON DRAGON'S PITCH CONTEST
June 21 at Nasdaq

15 FOUNDERS HAVE WON THE CHANCE TO PITCH

Judges Q&A, Audience Feedback

Winners will be announced on stage, June 21

2 Finalists go to Beijing August 18 to compete globally 

Global champion wins funding of up to $200,000 ++

 
To Watch The Show LIVE

VCs Brian Cohen, Jim Robinson
Judges Jim Robinson, RRV Ventures; Brian Cohen, NY Angels 

WINNER OF THE SILICON DRAGON
PITCH  CONTEST 2016


Miranda Wang, CEO of tech startup BioCellection, won the global championshp in Beijing 2016 after she aced the NY finals. Watch her pitch!