StrictlyVC: March 1, 2016
Summary
The Fascinating Rise of Wish Last week, toward the end of a StrictlyVC event in San Francisco, GGV Capital managing director Hans Tung took the stage to interview one of his portfolio CEOs, Peter Szulczewski of Wish. With an increasingly boisterous crowd as their background, Tung managed to ferret out lots of fascinating information from the highly personable Szulczewski, who looked very much the part of busy founder. He did last week, though, including telling the crowd that Wish now has “hundreds of millions of users,” that it saw “single-digit billions of dollars” in gross merchandise volume, and seemingly confirming rumors that the company has seen interest (if not concrete acquisition offers) from Alibaba and Amazon. Chromis Therapeutics, a year-old, San Diego-based company developing treatments for chronic hepatitis B infection, has raised $3 million in seed funding led by Torrey Pines Investment. At a private dinner in Beverly Hills last week, Elon Musk agreed to audit pay at his rocket company, SpaceX, to ensure that men and women are paid fairly.
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