As the present crop of tech unicorns — or startups valued at greater than $1 billion — go public, enterprise fund 500 Startups is trying towards new frontiers for the following wave of innovation.
“I feel it’s a actually thrilling time being in Silicon Valley and on the identical time for us, as an early stage investor, it is nice to see,” Edith Yeung, accomplice and head of China at 500 Startups, instructed CNBC’s “Squawk Field” on Tuesday.
“You actually have to attend not less than 10 years to get thus far that you just lastly have … some type of exit, but it surely’s actually an indication for us that we have to get again to work and uncover the following wave,” she stated.
Yeung stated her firm, an early investor in Southeast Asian ride-hailing big Seize, is investments that “actually add worth.”
“I like blockchain and AI concepts and (it is) simply so enjoyable … to work on as a know-how venture, however on the identical time I do not need to spend money on an organization simply because a founder know(s) the best way to converse geeks or blockchain,” Yeung stated. “It actually must be about corporations that really add worth and you understand, perceive the ache level to do one thing good for the society and the world.”