China-US incubator grows startups in Silicon Valley

Global Business

A Harvard Business School study, found that about 75 percent of venture-backed companies never return cash to investors.

Spotting a “unicorn” – a term for startups valued at a billion dollars, or more – is no easy task.

That’s why the China-U.S. based startup incubator called Innospring, is out to change the formula- with something it calls Unicorn farming.

CGTN’s Mark Niu reports.

Xiao Wang discusses the idea behind “Unicorn Farming”

CGTN’s Mark Niu spoke with Innospring General Manager Xiao Wang, to discuss venture capital investing in startups. He began by asking her about this new concept she calls “Unicorn Farming.”