Bonus Episode - Sometimes doing nothing is better than trying to do something! with Andrew Du, ex-VP of Sequoia Capital

In this bonus episode, I delved deep into Andrew's insights on the current funding winter and its impact on the startup/vc ecosystem.

Jerry: Lastly, I'd like to discuss the scaling regrets you've experienced, considering your experience on both sides – as an investor and as someone who has started their own venture. What is your number one regret, and what lessons can you share?

Andrew: I believe a significant mistake prevalent in the startup and VC ecosystem in China is the relentless pursuit of expansion without recognizing the importance of timing. Many are accustomed to the 'go, go, go' mentality, persistently expanding even in unfavorable market conditions. They continue burning money when the market is down and the investment landscape is unfavorable, accumulating debts until eventual bankruptcy. The Chinese ecosystem, in my opinion, has yet to undergo substantial market corrections, and the absence of a role model sometimes leads to a forgetfulness that, in a downturn, the wisest…