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Over 20 venture firms pledge to not take money from China, Russia

Founders now have a way to ensure that their investors haven’t taken money from countries like China, Russia, Iran or Cuba.  Over 20 venture firms

He recalled having long conversations with a friend at the Department of Defense about “how deleterious the China operation was in the US,” and how the country was “influencing venture capital and private equity — through money and other incentives — to get access to the critical technologies.” “American national security and economic prosperity are put at risk when U.S. companies invest in our foremost adversary or welcome CCP-backed investors on their boards,” he said in a statement. That may have been a not-so-subtle dig at one of a16z’s long-standing arch rivals, Sequoia, which famously had a large Chinese investment arm until it split that unit off into its own entity in mid 2023.

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