2min chapter

SaaS Interviews with CEOs, Startups, Founders cover image

He hit $100m Revenue, Built the Zoominfo of China, then quit last month. What happened?

SaaS Interviews with CEOs, Startups, Founders

CHAPTER

The Chinese Government Takes Over Control of the IPO Market

A lot of founders in China grew up being under a very different regime. Their mentality is that let me grow it and let me take control of it. The investors are just, you know, capital money. They're debt. So the government effectively took over control of the company. It's not the government, but if you have a very profitable company, what would you do? Keep all the money. That's right. But you can't keep the money if you leave the company, but you, and you left the company. Well, it's just a philosophical challenge.

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