This month’s SCALE UP recap is brought to you live from Beijing. 15 years ago, you could easily bump into a venture capitalist (sometimes self-claimed) with millions AUM in a downtown cafe. Today, it’s the era of generative AI, and almost everyone I run into in the tech/VC world here has already or is working on LLM or a self-invented chat GPT product or is building an AI lab somewhere in Silicon Valley or Berlin.
One of the AI darlings here is MEGVII, which pretty much dominates the entire IoT markets from public sector to private. If you still remember, Philip, ex-SVP of people at MEGVII, talked about some unique scaling lessons this month as being fluid and allowing for mistakes to happen and self-exposed before jumping into correction. This certainly has been influenced by the Eastern philosophy of building relationships before processes. Kevin Fitzgerald, the Managing Director, Asia of Employment Hero, on the other hand, talked about sequential growth. Rather than rushing into put…
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