An investor who built 13 billion dollar companies explains why it's important to be paranoid if you want to succeed
- Former Google China president Kai-Fu Lee has invested in 13 companies that have attained billion dollar valuations.
- Among his portfolio companies' most successful entrepreneurs, Lee identifies one key quality: They're paranoid.
Kai-Fu Lee is the former president of Google China and a technology investor who has funded both American and Chinese startups. Among his portfolio companies, thirteen have achieved coveted unicorn status with valuations of a billion dollars or more.
Many of these successful companies have Chinese entrepreneurs at their helm, who operate under a different mindset than the typical American entrepreneur. A key quality that these entrepreneurs possess is what Lee describes as being effectively "paranoid."
Chinese entrepreneurs aren't afraid to duplicate good ideas, often resulting in a number of companies fiercely competing for industry dominance. In order to succeed, they build their companies early on with the intent to monopolize the market. ...
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