šø DeepSeek Refuses Venture Capital
The WSJ reports that DeepSeek's founder, Liang Wenfeng, is in no hurry to raise venture investments because he does not want to share control of the company.
Unofficial sources indicate that 84% of DeepSeek is owned by Liang Wenfeng himself. The remaining share is held by individuals associated with Wenfeng's hedge fund, High-Flyer.
š āāļø This kind of situation can happen; in one accelerator, we had a promising startup that consistently participated in all investment pitch sessions but refused to take any funding. They were doing well and did not want to dilute their shares; they simply wanted to grow, , maybe not that fast, but at their own pace.
After all, investor money is the most expensive money.
