With all that cash swirling around China, you might think it was easier to raise venture funding there.
Ah, no.
According to a new study from Silicon Valley Bank (which just opened a branch in Beijing), fully 84% of Chinese entrepreneurs see the current fundraising environment as “challenging.” That compares similar sentiments for 88% of entrepreneurs in the US and 81% of UK founders, as it relates to their respective markets.
Here’s how SVB sums it up: “Young companies always find it difficult to raise money, and it’s no different in China.”
Source: Silicon Valley Bank