Former Google China pres. Kai-Fu Lee explains why paranoia’s important

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TechCrunch

• Former Google China president Kai-Fu Lee has invested
  in 13 companies that have attained billion dollar
  valuations.
• Among his portfolio companies’ most successful
  entrepreneurs, Lee identifies one key quality: They’re
  paranoid.

Kai-Fu Lee is the former president of Google China and a
technology investor who has funded both American and Chinese
startups. Among his portfolio companies, thirteen have achieved
coveted unicorn status with valuations of a billion dollars or
more. 

Many of these successful companies have Chinese entrepreneurs at
their helm, who operate under a different mindset than the
typical American entrepreneur. A key quality that these
entrepreneurs possess is what Lee describes as being effectively
“paranoid.”

Chinese entrepreneurs aren’t afraid to duplicate good ideas,
often resulting in a number of companies fiercely competing for
industry dominance. In order to succeed, they build their
companies early on with the intent to monopolize the market. …

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