We spoke to Danny the Managing Director at Fosun RZ Capital
and asked him Ten questions to hear more about him and his work.
Here is what he had to say:
Fosun RZ Capital was founded in 2013 and headquartered in Beijing. As an affiliate of Fosun Group, RZ Capital is an independent fund with strategic resources, quickly establishing global footprints.
Fosun RZ Capital has billions of USD AUM. As one of the most globalized venture capital platforms in China, RZ Capital is committed to investing in high-growth, high-tech companies in major economic growth regions and has fostered innovation ecosystems around the world, with offices in China, United States, India, Israel, and Singapore.
What piece of advice would you give yourself when you started? What advice would you ignore? Be modest and start bottom-up. Get some operations experience before you become an investor and treat the entrepreneurs as friends and with the utmost respect as they are the ones doing the work, and we are here to serve them. I would ignore some investors who believe it's us vs. them. It's either a win-win or a lose-lose as far as I see it.
What piece of content (book/podcast/Ted Talk) is your favorite or has influenced your life? I really enjoyed the books I wrote down below; they had a big influence on me.
What is the most valuable investment (time, money, or energy) that you’ve ever made? I invested in the Seed of Snyk through a friend's syndicate and 5 years later valuation as increased ~100X on paper. In addition, I have about 6 companies that were acquired already, which I invested in the seed stage.
Is there a quote, mantra, or message you live your life by and that you resonate with? I really like John Lennon's quote: " life is what happens when you are busy making other plans". I try to do more and talk less basically.
What have you failed at? And what you learned from it? Failed at a few of my investments for not choosing the right entrepreneurs for the mission at hand. It can be the greatest idea, but if the founders are not strong enough to execute, the idea does not worth anything.
What kind of entrepreneurs inspire/ catches your eye? Those that are extremely intelligent and I can't ask anything that they will not have a good answer. But most of all is their ability to execute on the plan and do it very fast relentlessly..
What was your first job? I was a software engineer developing in JAVA.
What was the feeling after your first investment? A mix of excitement and fear of losing that money, which was very significant for me.
What piece of advice would you give any founder that is looking for his/her first round of investment? Build a superstar team, make sure you work VERY well together and be very honest about the challenges.
Batman or Robin? haha, I don't like any of them to be honest :)
Book recommendations -