VIDEO: Yilu Zhao of Qunar
Many VC-backed start-ups are cautious about accepting strategic capital due to concerns that these large investors will exert too much influence, particularly in terms of a potential public market exit. Yilu Zhao, chief strategy officer at Chinese travel website Qunar, said these concerns are unnecessary: Qunar at least allows entrepreneurs to decide their exit strategy
"We have full respect for the entrepreneur. The entrepreneur often time is the one to drive company growth and company strategy. We invest in people more than we invest in company," Zhao said. She recalled...
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