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2003: The Missed Opportunity to Invest in Alibaba
Stories By Larry Cheng It was early 2003. I was an Associate at Battery Ventures and decided to make a trip to Beijing to learn more about the Chinese VC landscape. It was an unusual time to go to say the least. The global markets were still recovering from the dotcom bust in 2000. Additionally, there had been a breakout in November 2002 of a respiratory virus in China called SARS (Severe Acute Respiratory Syndrome). This virus, a type of coronavirus, was highly contagious and had a high...