Chinese venture capitalists are using redemption rights clauses to hound failed founders for repayment, leading to asset seizures and placement on a national debtor blacklist, hindering their ability to start new businesses. With over 80% of Chinese venture deals including redemption provisions, founders face severe consequences for failing to meet set targets. The absence of personal bankruptcy laws in China exacerbates the situation, leaving many entrepreneurs trapped in debt and facing legal actions from investors seeking to recoup their investments.
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How I Streamline My Work Day With ChatGPT With These Course’s AI Prompt Ideas
Entrepreneur Natalie Nguyen shares how utilizing AI, specifically ChatGPT, has helped her streamline tasks in her business. By taking $30 courses, she has learned how to communicate effectively with ChatGPT to receive tailored and sophisticated answers to questions and advice for her business. Through this ChatGPT training bundle, she has improved efficiency in communication with her teams and vendors, ultimately saving time and enhancing productivity. Full Article
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