“Venture” Doesn’t Mean Gut-Wrencher

Insiders weigh in on minimizing risk and maximizing return in the new venture capital marketIn an exquisitely renovated office in a luxury office building on Nanjing Xilu, in downtown Shanghai, Wu Meng was on the phone with his Hong Kong part- ner discussing an apple juice productionproject that they just visited. What impressed him the most was that even though their annual income reached200 million yuan, they still did their business in old quarters granted to the founder 10 years ago. Th…