China VC Simulator
It's 2005. Baidu just IPO'd on Nasdaq, and money is starting to whisper the words "China" and "internet" in the same breath. You graduate top of your class and a boutique fund, Cedar Capital, hires you as a junior investment manager.
Ahead of you: twenty years of China's venture era — PC portals, the mobile gold rush, the group-buying war, O2O, shared bikes, mobile payments, short video, the platform crackdown, and the large-model wave.
Every year, deals cross your desk. You can only back a few. The winners carry the fund; the rest quietly die. Reputations are made over a decade — and lost in a single bad bet.
- 💸 Each year, review the startups in your pipeline — round, valuation, the ask, the red flags — and decide what to back, follow, or pass
- 📈 Watch your fund's AUM, Track Record, Network and Health rise and fall as exits, IPOs and blow-ups land
- 🎤 Random career moments: founder panels, LP pressure, a portfolio scandal, a rival fund trying to poach you, burnout
- ⏳ Twenty turns, 2005 → 2025 — survive the cycles and you might just become a legendary GP
Win: by 2025, build a top-tier fund — high AUM and a track record people quote. Lose: blow up your capital, torch your track record, or burn out completely.
