Ex-president of Google China to launch startup incubator(cnreviews.com)

14 pointsby hko17 anni fa1 comments

Ex-president of Google China to launch startup incubator

http://cnreviews.com/business/companies/kaifu-lee-innovation-works_20090906.html

1 comments

btw017 anni fa

I thought he was starting a Y Combinator alike venture company in China.

Today they released some documents

http://www.innovation-works.com/Media.asp

I dropped my jaw when I read they will actually HIRE technicians and organize them to teams to work on different ideas (most probably not devised by technicians themselves).

It is not a venture company that invests in others, it is a conventional start-up company itself. Shame on them to call it a venture company.

As a student in China with a promising idea and some code written last year, I was looking forward to this, so disappointed right now.