Sina Science and technology - On the morning of August 15, Sequoia China announced the establishment of YUE, A start-up accelerator, to provide systematic entrepreneurship courses and resource services exclusively developed by Sequoia for Chinese entrepreneurs in the angel turn A round.
It is known THAT YUE is positioned as "the first lesson for Chinese entrepreneurs" and an accelerator for seed-stage entrepreneurs. YUE hopes to help them systematically cultivate basic entrepreneurial ability and business cognition in the early stage, when the failure rate is the highest, so as to improve the success rate of early entrepreneurship.
YUE was led by Shen Nanpeng, the global managing partner of Sequoia. The partners of Sequoia China gave concentrated lectures, and invited the partners of Sequoia in the United States/Europe, India/Southeast Asia to bring rich insight into the global market, as well as the practical experience of ceos with a market value of more than ten billion dollars to share.
Guo Shanshan, a partner of Sequoia China and one of the leaders of YUE project, said: YUE, the startup accelerator established this time, can be said to be an "internal entrepreneurship" of Sequoia, and an important transformation from capital investor (capital-oriented investor) to service partner (service-oriented partner). We believe that Sequoia's rich experience and lessons in the venture capital industry can be a key benefit to good seed-stage entrepreneurs. (little)