Yesterday I attended the 5th meeting of the Agora Society -- an organization run by my friend Christos who wants to bring together VC's and people with ideas worth investing in. The idea being to see if we can ever get new business venture activity in Tokyo to even come close to that of the US.
In a departure from the previous dinner format, we had a speaker for the first 45 minutes talk to the group about his experiences as a VC in Japan. Despite his rather impressive track record, he was fairly negative about the prospects for venture capital investment in Japan. He contended that deal flow is so small that no matter how busy VC's in Japan may appear to be, in reality they are not busy at all. Hence most foreign VC's have pulled out of Japan.
Comments