And the Chinese probably were looking for an excuse to clamp down, and that was the perfect excuse. So they did. But back to Dan. When we bought the Journal, Asian Venture Capital Journal was headed for 7 nonstop through 11. 7. 11 is debtor in possession. Chapter 7 is liquidation. So we were able to buy it. Then it took us a year to put out the fires, a year to survey the charred ruins and then begin rebuilding. (18:52–18:58)
CLAIM
Asserts that the Asian Venture Capital Journal was in financial distress, facing potential bankruptcy.
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