![]() Boat parties, penthouse parties, suites at the Four Seasons Hotel in Los Angeles and fancy Japanese meals in Michelin star restaurants. “It’s almost like they are afraid that they would lose the opportunity to make a great fortune if they act slowly.”Īnd, of course, there were parties. Almost every month, he would host a Chinese delegation, introducing them to American startups and venture capitalists. “It felt like everyone had so much money to invest, they would fight for deals and compete to sign memorandums,” says Michael, who spoke on condition of anonymity, as he’s since moved back to China. ![]() ![]() Friends in China kept calling him, asking if he could connect them to people in Silicon Valley. He settled in Irvine, California, and was soon invited into an exclusive club of investors, wealthy Chinese entrepreneurs who had made their own ways in real estate, mining, and IT. In late 2011, he moved to the US-partly motivated, he says, by a huge sandstorm that had affected his children’s health. He rode the astronomical growth of China’s economy in the early 21st century, selling his company to one of the country’s tech giants. Michael made his fortune in electronics, starting an appliance company right out of college. ![]()
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