The Risky Move to Invest in a Company in China

The company ultimately IPO that we bought in a 40 million valuation and ultimately IPO and has set pretty comfortably around the 16 billion dollar valuation it's come down a little bit with the overall Chinese stock market but we expect it will rebound nicely in the coming quarters. We invested in 2015 and you know we have a 10 year fun life with extension of two years like most VC funds so we're still comfortably in the range where we don't need to exit today. The founder was the right person for it because he understood his industry so intimately and, and we were turned off by the fact that he didn't have that kind of pedigree I think that's fascinating.