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Tiny Capital and Its Many Leverages
Pindo is a new venture from ten cent, the largest and most important gaming company in the world. The founder of pinduaduo was born to factory workers who were on the fringes of the china middle class at this point in time. If you own a wonderful internat business that you want to sell, or you know someone who does, you should get in touch. You can learn more about tiny at tiny capital dot com....
We kick off Season 7 with a bang: Pinduoduo, the incredible five year-old Chinese mashup of "Costco and Disneyland" (as self-described in their IPO prospectus) which recently became the fastest company ever to pass $100B market capitalization. What makes PDD so special, and how were they able to enter a market that everyone considered "already won" and disrupt massive entrenched competitors Alibaba and JD.com? This story is chock-full of lessons that apply not only to China tech, but to high-growth company building and investing everywhere.
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Listen to the best highlights from the podcasts you love and dive into the full episode