WASHINGTON – Nearly half of the most powerful players in venture capital are quietly investing billions in Chinese tech startups rather than their US competitors — taking in massive returns at the expense of American national security.
In an explosive report reviewed exclusively by The Post, San Francisco-based nonprofit Future Union reveals that at least 46 of the top 100 venture capital investors on Forbes’ 2023 Midas List have directly identifiable connections to China, helping Beijing beat Silicon Valley in the race for the next big tech breakthrough.
“For years it’s been the hidden secret that our very best venture capital and private equity investors have been funding the rise of China’s innovation ecosystem for a decade, and making a lot of money doing it,” said Future Union Founder Andrew King.
“Those investors laid the very foundation for our foes’ innovation ecosystem and the technologies against which US companies and democracy now competes,” he added. “In some instances, the sole reason for the investor’s inclusion on the list was their investment successes in China.”
The notorious 46 — many of whom were born or educated in the US – include Scott Shleifer of Tiger Global Management; Anton Levy of General Atlantic; Marc Stad of Dragoneer Investment Group; Neil Shen and Steven Ji of Sequoia…