Venture Capital Moving Directly from Taiwan to Silicon Valley.Business Editors/High-Tech Writers SANTA CLARA, Calif.--(BUSINESS WIRE)--May 22, 2000 AsiaWired, Inc., formally announces their strategic alliance with TVCA TVCA Taiwan Venture Capital Association TVCA Tualatin Valley Community Access (Oregon) TVCA Thai Venture Capital Association TVCA Treasure Valley Cycling Alliance (Idaho) TVCA Think, Value, Communicate, Act , R.O.C., establishing a transnational investment partnership helping Asian venture capitalists to find investment opportunities in the United States, especially in Silicon Valley. TVCA, originally founded as Taipei Venture Capital Association in 1999, invested $400 million for 766 companies throughout Asia in their first year. Venture Capital growth rates have reached 36.75% in Taiwan, according to TVCA statistics for 1999. In order to keep track of this growth TVCA has aligned itself with AsiaWired, Inc., a leading Asia Pacific Infomediary (INFOrmation interMEDIARY) An information provider that gathers content from several sources and functions as a data aggregator for a target audience. for investors, entrepreneurs, and professionals. Startups now can obtain suitable funding while venture capitalists can find the right startups for their investment. According to Max Huang, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AsiaWired, Inc., total Asian funding has reached $5 billion, for 1999, placing Asian venture capitalists as the second largest investment group in the world. TVCA manages 8% of the total amount of Asian funding. AsiaWired, Inc. and TVCA have, in effect, accelerated the process of securing startup capital for Asian and North American entrepreneurs by offering direct funding to their clients. The VC-Startup partnership is one of AsiaWired, Inc.'s many exchange networks. TVCA's assets total $3.2 billion, and as part of this new alliance, these funds will now be channeled through AsiaWired, Inc. About AsiaWired AsiaWired, Inc., www.AsiaWired.com, founded in 1996, is a leading Asia Pacific Infomediary for investors, entrepreneurs and professionals, providing the world's first bilingual, transnational VC-Startup Exchange Network. AsiaWired, Inc.'s headquarters are located in Santa Clara, California Santa Clara, California (IPA: /ˌsæntəˈklærə/) , founded in 1777 and incorporated in 1852, is a city in Santa Clara County, in the U.S. state of California. . In addition to offices in the major American cities, AsiaWired, Inc., is also building branches in other Asian Silicon Valleys. AsiaWired, Inc.'s team comes from a high-tech, banking and communications backgrounds, working for such companies as IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Xerox, National Semiconductor, Lockheed Missiles & Space Company, Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , Wells Fargo Bank, Dun Bradstreet, The World Journal, CTN ctn abbr. cotangent and the United Daily News, The Gap, Inc., and from Ricoh Corp. |
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