We've discussed the value of Guanxi when starting up in China, but there is another cultural phenomenon here commonly known as "giving face". This can be one of the most difficult pills to swallow for foreigners starting up in China but can prove to be an extremely valuable asset for those that can pull it off well. This episode really dove deep into how to mitigate your frustrations with some of China's systems and bureaucracy, and where to look for opportunities in them instead.
Jared has demonstrated the "cowboy attitude" perfectly in his path to China, leaving behind a great corporate offering post MBA, liquidating his assets, and bringing his wife and two kids to China on a whim of interest in the Middle Kingdom. Now a family of 6(!) Jared is growing his newest child Cinnaswirl into one of Shanghai's hottest brick-and-mortar startups.
Thank you to our sponsors, Chinaccelerator, People-Squared, and our syndication partner Technode! A huge thanks to Vivian, Darren, David who help us make the show and everyone who listens! Thank you!