In brief: Dave McClure, Blogger & Founders Fund Partner, talked about “How passion for entrepreneurship turn ideas into great companies”, and was interviewed by CHINICT President Franck Nazikian.

This is a summary of tweets sent during the interview.

• On stage now: Dave McClure! To be interviewed by Franck.

• Franck: “The MC doesn’t have a crush on you.”
• McClure met Secy of State Hillary Clinton in Shanghai. Wow.
• US: historically open but that has changed in the last 10 years.
• McClure: This is 3rd trip to China. Why are you so interested — this time yourself and with geeks on the plane?
• McClure: Always fascinated with Asia and travel. A lot about innovation and excitement in Asia, especially in China.
• McClure: Japanese wife, kids learning Mandarin Chinese. Wow.
• McClure: A lot of interesting patterns you can learn here and apply to the market. Feels comfy investing here.
• McClure: Ton of innovation is happening in China, especially in Beijing. BJ faster pace than Silicon Valley.
• Diversity in Silicon Valley, a bit different from that what’s happening around here.
• Franck: Fact you can’t speak Chinese here is an advantage: body language! Harder to be lied to in bodyspeak.
• Silicon Valley apparently the last place for crazy people to migrate to. China?
• Aside from all financial upheaval, at least Internet investments dramatically changing, especially as of late.
• Net: cheap and fast to build many services. 3 people / 6 months -> get product off ground. USD 10-15K or less.
• 4, 5 platforms… customer acquisition much faster, much cheaper… may still be costly but still at least predictable.
• Franck admits he would love to keep on talking and talking to @davemcclure…