​FoundersHK is hosting a in-person discussion with Alfred Chuang - Founder of Race Capital, BEA Systems and FoundersHK and Dr. Kai-Fu Lee - Chairman and CEO of Sinovation Ventures and former president of Google China. 

​2022 was not a great year for venture capital and tech startups. Venture funding for the first nine months of 2022 totaled $369 billion, down 25% year on year, according to Crunchbase. The median pre-money valuation for all stages were trending downward and may likely continue in 2023. 

​Come join us on January 11 and learn:

• ​How the global tension impact venture investment allocation and strategies

• ​What industries and sectors are Alfred and Kaifu are bullish or bearish on

• ​Will startup valuation be shifted and adjusted in 2023

• ​What is the impact on IPO, merger, and acquisition

​Host / Moderator 

• ​Alfred Chuang - Founder of Race Capital, BEA Systems FoundersHK

• ​Dr. Kai-Fu Lee - Chairman and CEO of Sinovation Ventures and former president of Google China

​Host / Moderator 

• ​Edith Yeung,- Founder of FoundersHK, Race Capital and Advisor to 500 Startups

​About Alfred Chuang

​Alfred Chuang is a native of Hong Kong. He is the founder and general partner at Race Capital. Recognized by Andreessen Horowitz as the “Silicon Valley CEO’s CEO”, Alfred is an accomplished entrepreneur and venture capitalist.

​Race Capital is a world class venture capital firm for all things enterprise and software infrastructure with many industry transformational portfolio companies including FTX, Databricks, Lightning Network, Opaque, Zeet, and many more to come.  Prior to Race, Alfred co-founded and took BEA Systems public (Nasdaq: BEAS).  In addition, Alfred became BEA’s chairman of the board where he remained until BEA was sold to Oracle in 2008 for $8.6B. BEA was the fastest enterprise technology company to reach revenue of USD$1B.

​Prior to BEA, Alfred spent eight and a half years at Sun Microsystems, Inc. During his tenure, Sun grew from less than 1000 to 60,000 people strong with revenue over $6B.  Alfred led product development, network infrastructure, systems architecture, and expanded Sun’s business to Asia.

​Alfred’s notable awards include C/F Silicon Valley Philanthropist of the Year, SD Forum Visionary Award, CIO Magazine 20/20 Vision Award Honoree and Community Star from Asian Americans for Community Involvement, eChina Forum Silicon Valley Award Honoree, and Ernst & Young Entrepreneur of the Year finalist. University of San Francisco President’s Ambassador, UC Davis Outstanding Alumnus Award, UC Davis Distinguished Engineering Alumni Medal.

​Alfred is an independent advisor at the University of San Francisco School of Engineering, Member of the UC Davis Chancellor’s Board of Advisors, Member of the School of Business Dean’s Committee, City University of Hong Kong, and Member of the School of Engineering Industrial Advisory Committee, Hong Kong University of Science and Technology.

​Alfred received a B.S. in computer science from the University of San Francisco and a master’s degree in computer science with specialization in distributed data management from the University of California, Davis. Alfred also attended St. Andrews College and Wah Yan College.

​About Dr. Kai-Fu Lee

​Dr. Kai-Fu Lee is chairman and CEO of Sinovation Ventures, a leading venture capital firm that manages a 2.5 billion USD fund focused on developing the next generation of Chinese high-tech companies. He is also president of Sinovation Ventures Artificial Intelligence Institute, which works to infuse AI inside traditional companies and venture build AI startups. 

​Previously, Lee was the president of Google China and a senior executive at Microsoft, SGI and Apple. He's the cochair of the Artificial Intelligence Council for the World Economic Forum's Center for the Fourth Industrial Revolution and a fellow of the Institute of Electrical and Electronics Engineers (IEEE). He was named one of the most influential people in the world by Time magazine in 2013 and a Wired 25 Icons in 2018. 

​Lee received a bachelor's degree in computer science from Columbia University and a PhD in computer science from Carnegie Mellon University. While at Carnegie Mellon, he built a program that defeated the world champion at Othello in 1988, one of the first examples of a computer beating the best human player at a game. He also developed the world's first large-vocabulary, speaker-independent continuous speech recognition system. 

​As an executive, Lee founded Microsoft Research China, later renamed Microsoft Research Asia, that has trained the majority of AI leaders in China, including CTOs and AI heads at Baidu, Tencent, Alibaba, Lenovo, Huawei and Haier. While at Apple, he led AI projects in speech recognition and natural language processing that were featured on Good Morning America and the front page of the Wall Street Journal. 

​Lee is the author of the New York Times and the Wall Street Journal bestseller AI Superpowers, which examines the role of the US and China in the future of artificial intelligence as well as its impact on society. His latest book, coauthored with award-winning science-fiction writer Chen Quifan, is called AI2041: Ten Visions for Our Future. It presents a roadmap to educate and explore the opportunities and challenges presented by AI over the coming decades.

​About Edith

​Edith is a native Hong Konger and General Partner at Race Capital - an early-stage Silicon Valley venture capital fund investing in all things infrastructure. Edith is the seed investor in Solana (has been dubbed one of the best venture investments of all time), Lightning Network, Agora.io, Placer.ai, RapidAPI, and 60 other amazing startups.

​Prior to Race Capital, Edith was a partner at 500 Startups, the world's most active early-stage fund and incubator which invested in Twilio, Credit Karma, Grab, and 2000 more companies.

​Before 500, Edith was the general manager at Dolphin Browser, a Sequoia Capital - backed mobile browser with over 150 million installs worldwide. Edith also worked with many Fortune 500 companies such as Siebel, AMS, AT&T Wireless, and Autodesk. She frequently speaks on Crypto, China and Silicon Valley technology and investment landscape. She is also a frequent guest lecturer at Berkeley and Stanford and commentator on BBC, CNBC, Wall Street Journal, Bloomberg, SCMP, Techcrunch, etc

​About FoundersHK

​FoundersHK is a nonprofit, nonpartisan organization with the mission to build Hong Kong as the next tech hub of the world. 

​FoundersHK is a global community of entrepreneurs, technology leaders and investors passionate about propelling the next generation of Hong Kong founders to scale and thrive in all parts of the world. FoundersHK is an entryway for Hong Kong founders to Silicon Valley and the rest of the world. We put the right people together, to help Hong Kong founders become an integral contributor to the global community of tech innovation leadership. 

​FoundersHK is a community where we skip the bullshit, get right to work, and deliver results. For that is the essence of the true Hong Kong spirit.

​Also check out our partner event at the same venue starting at 6 pm HKG DAO presents Web3 Investment Outlook 2023 https://lu.ma/defihk