A Quote by Douglas Leone
I routinely make trips to China and India where we have offices to continue to maintain the linkages that are necessary to run a successful business.
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When you go for business, you just see the airport, the offices, cities. You never see what 80 per cent of the population does in a country, so if you want to understand what Indonesia is made of, or the depths of China or India, you have to go and see.
At Sequoia, we have opened offices in China and India, and we have made a handful of investments in Latin America/Brazil.
There are lots of India-related business which is nourished overseas. I mean India-related business that is done off-shore. There are lot of funds that are invested in India and run by Indians but are being operated from outside, mainly because of the taxation laws.
The world may view India more benignly, but it does more business with China. It courts China; it needs China. Look at the genuflecting Europeans and the fork-tongued Americans!
China invaded India, and there was a war between India and China in some of the disputed terrain in 1962, and India got hurt by that.
I like the concept of 'Make in India'. But the orientation of 'Make in India' is slightly different than what I would. So, the orientation of Make in India is big business, and a lot of it is defence. My orientation of 'Make in India' would be small and medium businesses.
Police officials routinely execute search warrants on private homes and offices, and Congressional offices should not be treated any differently. There cannot be one set of rules for elected officials and another set of rules for everyone else.
Although I don't like the way the Chinese do business, I continue to do business in China. I have to. They're the next world power.
In terms of building consumer products, the U.S. and China are ahead of India. The interesting opportunity for India is whenever there is a disruption in technology, it gives every country a chance to leapfrog and take a lead. To take an example, China is leaping ahead in growing the China electric vehicle ecosystem.
India does not need to become anything else. India must become only India. This is a country that once upon a time was called 'the golden bird'. We have fallen from where we were before. But now we have the chance to rise again. If you see the details of the last five or ten centuries, you will see that India and China have grown at similar paces. Their contributions to global GDP have risen in parallel, and fallen in parallel. Today's era once again belongs to Asia. India and China are both growing rapidly, together. That is why India needs to remain India.
Japan used to beat China routinely in wars. You know that, right? Japan used to beat China, they routinely beat China. Why are we defending? You know the pact we have with Japan is interesting. Because if somebody attacks us, Japan does not have to help.If somebody attacks Japan, we have to help Japan.
Thomas Friedman's 'The World is Flat' sold more copies in India than in the U.K. The market for go-getting business books or wonkish tomes by corporate moguls posing as philosopher kings has grown dramatically in modernising China and India.
It will be very important for us to continue to keep up the necessary pressure, the necessary vigilance, for there to be peace in Ukraine, our trust in the goodwill of President (Vladimir) Putin is limited. It is why we have to maintain our decision about sanctions.
The law, right now, permits companies that close down American factories and offices and move those jobs overseas to take a tax deduction for the costs associated with moving the jobs to China or India or wherever.
The whole business of basketball with China, it's just a huge business that enables us to come over and connect with them and continue that fan affair.
I've run a very successful business, and I think I can also run a very successful team.
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