When it comes to money and success, you become who you thought you would never be. And that’s no different for two elite classes of people. One, the ones who are raising capital and the other, the Tuhao. Both have a plethora of money, past the typical millionaires and billionaires, and these folks are in a whole different league.
Raising Capital
When venture capitalists, angel investors, and incubators have their sights set on you, and you’re running a business in a capital-intensive world, it’s a sign that you’ve made it. But with success comes the responsibility of dealing with increased scrutiny. It’s not just the numbers that matter, but also the story you tell. A winning pitch deck, balancing both these objectives, is the key to raising capital. Crowdfunding is rising in popularity, but it’s still a minority for raising capital when compared to the traditional investors like venture capitalists, angel investors, and banks.
Tuhao
The Tuhao, sometimes referred to as HOTE, is a group of people in China who have become incredibly wealthy in a very short time. And it’s no secret that they are often naïve with regards to fashion and other forms of “rich” spending. It’s why they often flash their cash around with over-the-top purchases and outrageous displays of wealth. However, on the other side of this, there have been allegations of the Tuhao having made their money through illegal means. While there are obviously a number of billionaires in China who have built legitimate, successful businesses, the stereotype of the social-climbing Tuhao still follows them.
At the end of the day, money comes with its own set of challenges, regardless of your position in the wealth scale. From raising capital to the ultra-rich Tuhao, the show of money brings with it various implications, for better or for worse. While it’s easy to spot the Tuhao type, capital is much more subtle. It’s important to think long-term and past the initial investment, be it when raising capital or spending it.
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