VenturesLab was founded in 2005 by Mark Mai and legendary venture capitalist Tim Draper. It was China's first internet-business incubator. In 2010, VenturesLab started to mainly focus on early stage investment and became a top name among China entrepreneur community. It incubated and invested in nearly 100 startups since 2005 across many kinds of Internet related fields. VenturesLab shares business expertise, tears and cheers with like-minded entrepreneurs dedicated to developing China’s internet industry. The total portfolios market cap amounts for $ 5 billion including a few M&A and two IPOs in China and US.
The futures lies on the hands of new generation of entrepreneur with vision and social responsibility. We are looking forward to more great entrepreneur, investors and friends to join this great movement.
Mark Mai is a serial entrepreneur and a pioneer in China’s venture investment field. He started his venture capital career back to mid 90s and co-founded Shanghai Pudong Ventures, one of China’s first venture capital firms. He was also the venture partner of DFJ Dragon fund in Silicon Valley in the early 2000s.
Mark started his entrepreneur career by starting his first venture eFriendsNet in 2003, which was the earliest and became the largest social network at the time in China. The company was later acquired by French public company Meetic. Subsequently Mark founded VenturesLab in 2005, China’s first internet-business incubator, along with legendary venture capitalist Tim Draper. He co-founded four additional technology companies after eFriendsNet, including TongCard, China's largest social CRM provider, later acquired by Tencent; Docin, largest document sharing website in China; Togic, largest smart TV content aggregation service and hardware provider in China; and OKCoin, world’s largest Bitcoin exchange
Mark was named top angel investor in China for numerous times by different renowned organizations including China Ventures, CYzone, TheFounder, Zero2IPO, iResearch, ZhongGuanCun Angel Alliance, etc. He co-founded China Young Angel Investor Association (CYAIA) in 2013 and served as the current president. CYAIA is now the biggest and most influential angel investor organization in China.
Mark graduated from Renmin University of China with Bachelor’s Degree in Economics and received his MBA Degree from UCLA Anderson School of Management with focus on Entrepreneurship and was awarded the first prize winner of Knapp Venture Competition at UCLA.
Tim Draper founded Draper Associates in July, 1985, which when joined by John Fisher and Steve Jurvetson became the venture capital firm Draper Fisher Jurvetson (now DFJ). Investments include Skype, Hotmail, Tesla, Baidu, Theranos, and Overture, among many others. With Draper Associates, investments include Twitch.TV, YeePay, Indiegogo, Docusign, Parametric Technology and AngelList.
He is the creator of viral marketing, a marketing method for spreading a software application from customer to customer, instrumental to the successes of Hotmail and Skype among hundreds of others including Gmail and Yahoo! Mail. He founded the DFJ/Draper Network, a global network of venture funds who work together to improve service to entrepreneurs, covering 30 cities around the world. He has been listed as #46 of the most outstanding Harvard alumni, #7 on the Forbes Midas List, #1 Most Networked Venture Capitalist by Always On, and #98 on the 2014 Worth Magazine 100 Most Powerful People in Finance. He has won numerous awards and honors and is regularly featured in the press as a leading supporter of entrepreneurship.
Tim Draper received a Bachelor of Science from Stanford University with a major in electrical engineering and a Master of Business Administration from the Harvard Business School. In 1994, Tim created a nonprofit for young children to learn about business and entrepreneurship called BizWorld, a 501c3. In 2011, he created Draper University of Heroes, a residential and online school based in San Mateo, Ca to help extraordinary people accomplish their life missions.