I thought I’d just pass by… It’s just a little bit right and most of it is wrong.

I thought I’d just pass by… It’s just a little bit right and most of it is wrong.

1. An official from the domestic VC industry said, “It is a ‘golden time’ for Korea to emerge as an alternative investment destination as the U.S., which can afford venture investment, reduces its investment in China.”

This is probably called Dongsang Imong. For U.S. VCs, the Korean market is a really small market. If there is no time to invest, it is Lee market to just wait and not do it. You don’t have to look for a new country you don’t know well about to invest. It is not easy to get approval from LPs for such a strategy change. Global VCs are not a cash cow. That is why investment in Korea is decreasing like investment in the U.S.

2. U.S. VC hesitates to bet that “there are many ‘mother-in-law’ in Korea.” U.S. start-up assistant…”Venture culture is different. It’s a drag on attracting funds”

Helpers are just a way to make money. The nature of capital does not change. Rather, it interferes less with management because the government invests significantly in Korean VCs. The mother-in-law is just cute. The scariest thing is Tranju. It’s not because the culture is different, but because the personality of Tran is not the same. If you cut off funding from VCs that can’t make money, you’ll enjoy the U.S. VC culture.

3. “Global investors often ask for rights adjustments to existing domestic investment companies as a condition when investing in Korean startups,” he said. “This is a problem caused by fundamental differences in the structure of investment contracts between Korea and the United States.”

Do you think Korean VCs don’t request coordination… You’re making Korean VCs a double pushover… There is no such thing as a fundamental difference. It’s all a fight and it depends on persuasion. What’s the fundamental… That’s a really groundless thing to say… I learned all the tricky conditions in Korea from the practice of VC and PE in the United States.

4. The U.S., which values growth, has the lead in late-stage investors, but Korea has the power of leading investors.

Oh.. Korean VCs don’t like ‘growth’…. Stock purchase claims are common in Korean investment contracts, but U.S. V.C. rarely demands them? That’s why I didn’t put them in. It is no different from the culture of joint guarantee.

5. “If U.S. investment contracts focus on startup growth, Korea is a culture that focuses on risk management,” he said.

They are both wrong. All investors focus on growth unconditionally. But Korea doesn’t really manage risks – I don’t know what risks this is talking about. No, I don’t really care about it, but I tend to invest more instead. I don’t even know if there is a speciality to manage.

6. As the Korean venture investment market is formed based on government support, some analysts say that both investors (LPs) and investors (GP) move around follow-up management and short-term returns.

It’s funny… No matter how different the U.S. and Korean LPs are, long-term investors are really the same. What nonsense is it when the maturity of funds is mostly the same as 10 years. Rather, investment becomes more important than recovery as government-affiliated LPs, such as the parent company, focus on policy objectives rather than returns. They are really long-term investors.

7. VCs, which receive investment from both U.S. and Korean LPs, prioritize investment philosophy and growth strategies for U.S. LPs, and focus on meeting uniform standards such as returns when dealing with Korean LPs.

This is a comedy show. Global LPs don’t care about philosophy at all. Once they fail to make it into the top quartile, they don’t even bother to look at it. Philosophy’s strategy is meaningful only after it is matched.

8. “In Korea, LP investment is made through a policy finance-based contest,” he said. “As much as government money has been invested, we have no choice but to think about how to defend the company we invested in when it goes wrong.”

This is the opposite. While there are very few countries that give out investments through contests, most of them are in Korea. Well, there are few places to get money but there are many VC, so fairness issues have created this strange practice. But I don’t care if government money goes into it and it doesn’t go into it. What kind of lip service…

Oh, my finger hurts, so I’m going to stop using it.

I have a lot to say about Korean VCs, but just to say one thing, if Korean VCs gain capabilities and experience to invest in global companies and produce results, global LPs will come to Korea on their own. The same applies to companies.

And please let go of the idea that overseas VCs will be better as investors. There is no free meal in the world.