GGV Managing Partner Hans Tung was featured on The Twenty Minute VC podcast, where he shared lessons learned on price, market sizing, GGV Capital's multi-stage global approach, and more.
This episode includes answers to top questions:
1. How did Hans make his way into the world of venture after founding his first two companies? How did seeing the booms and busts of the macro-financial markets impact both his investing mindset and the companies he likes to back?
2. The landscape: How does Hans analyze the current venture landscape today? How does one compete in a world of Tiger and crossover funds writing term sheets post first meeting? How does Hans think about his own price sensitivity today? How does he determine when to pay up versus when to say no? What have been some of his biggest lessons on price?
3. Working with the likes of Peloton, Square, and Alibaba, what have been some of his biggest lessons on market size? What do most investors get wrong when it comes to market sizing? How does Hans think about an attractive enough exit multiple for a growth-stage check? What did Peloton teach Hans about insertion point when investing?
4. How does Hans think about when is the right time to sell? What have been some of his biggest lessons on taking cash off the table? Despite the success, how does Hans ensure he has the mental plasticity to approach every new deal with a fresh perspective? What does he do to ensure he does not have unconscious bias from his past successes?