𝐈𝐦𝐚𝐠𝐢𝐧𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠 𝐦𝐢𝐥𝐥𝐢𝐨𝐧𝐬 𝐢𝐧𝐭𝐨 𝐚 𝐬𝐭𝐚𝐫𝐭𝐮𝐩.
You help them raise capital, introduce them to advisors, open doors to partnerships, and celebrate every funding announcement.
Then six months later, the founder calls you with the same problem: 𝙒𝙚 𝙝𝙖𝙫𝙚 𝙗𝙪𝙞𝙡𝙩 𝙩𝙝𝙚 𝙥𝙧𝙤𝙙𝙪𝙘𝙩… 𝙗𝙪𝙩 𝙬𝙚 𝙖𝙧𝙚 𝙨𝙩𝙧𝙪𝙜𝙜𝙡𝙞𝙣𝙜 𝙩𝙤 𝙜𝙚𝙩 𝙪𝙨𝙚𝙧𝙨.
This happens more often than people realize because raising money and acquiring users are two completely different challenges.
Capital can accelerate growth, but it can’t manufacture genuine adoption.
That is why the smartest investors are beginning to think differently. Instead of asking, 𝙃𝙤𝙬 𝙘𝙖𝙣 𝙄 𝙛𝙪𝙣𝙙 𝙢𝙤𝙧𝙚 𝙘𝙤𝙢𝙥𝙖𝙣𝙞𝙚𝙨? they are asking, 𝙃𝙤𝙬 𝙘𝙖𝙣 𝙄 𝙝𝙚𝙡𝙥 𝙚𝙫𝙚𝙧𝙮 𝙘𝙤𝙢𝙥𝙖𝙣𝙮 𝙞𝙣 𝙢𝙮 𝙥𝙤𝙧𝙩𝙛𝙤𝙡𝙞𝙤 𝙜𝙧𝙤𝙬?
Imagine if your portfolio companies didn’t just receive advice, they received a verified user acquisition channel from day one. Not bots. Not vanity metrics. Not campaigns designed to inflate dashboards. Real people completing real actions inside their products.
That is where
@ActionModelAI changes the conversation.
Instead of simply connecting founders to capital, ecosystem partners can connect them to verified adoption while creating an additional revenue stream through every successful partnership.
Sometimes the biggest investment opportunity is not writing another cheque. It is helping the companies you have already backed succeed.
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Really enjoyed my meeting with Prime Minister
@narendramodi about what’s ahead for Amazon in India.
We’ve been serving customers, sellers, developers, startups, and enterprises in India for more than a decade and just getting started.
Shared that we’re investing $48 billion over the coming five years, including $21+ billion in AI and cloud infrastructure.
By 2030, we plan to support 3.8 million jobs, enable $80 billion in ecomm exports, and bring benefits of AI to 15 million small businesses and 4 million government school students.
Excited about what’s ahead. Still early days for what we can build.
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China is not only pricing technology. It is pricing political freshness.
I recently came across the terms “old tech” and “new tech” in Chinese investment circles. I found that interesting and looked into it.
“Old tech” refers to the internet giants of the last cycle: Alibaba, Tencent, Meituan, JD, Baidu, NetEase, Xiaomi and their peers. These companies make up bulk of investable indexes. They have users, cash flow, engineers, cloud infrastructure, payment systems, data and distribution. In most markets, that would make them strategic assets.
But in China, they also carry political baggage. They are associated with platform monopolies, regulatory crackdowns, gaming restrictions, weak consumption, brutal e-commerce competition, and Xi’s campaign against private platform power. They dominate market capitalization, but no longer dominate the national imagination.
“New tech” refers to sectors now favoured by Beijing: AI, large language models, semiconductors, robotics, advanced manufacturing, domestic chips, embodied intelligence and other technologies tied to “new productive forces.” Many of these companies are smaller, less proven, and barely commercial. Yet they command extraordinary valuations because investors are pricing scarcity, policy support, import substitution and national-security relevance.
The valuation gap shows the point. Tencent and Alibaba remain huge — roughly HK$4 trillion(USD 600B) and HK$2 trillion in market value — but trade like mature businesses, generally around 10–20x earnings and low-single-digit sales multiples. By contrast, Cambricon, a chip designer, has traded around RMB1 trillion, at more than 100x sales and over 300x earnings. MiniMax, an AI company, was valued at roughly 80x sales at IPO and now trades at more than 600x sales. Zhipu, another AI company, reportedly moved from roughly 66x sales at IPO to over 1,000x sales.
For reference, OpenAI is valued at roughly 36x run-rate sales. Anthropic is valued at roughly 20x run-rate sales.
This is not a normal growth premium. It is scarcity, policy blessing, import substitution and national-champion imagination being capitalized into market value.
That is the real dichotomy in China today: not old versus new, but commercially proven versus politically favoured.
China is not the capital market most outsiders think they are investing in. It operates by a different set of rules. Many international investors understand the numbers, but only half-understand the game.
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