Doing Business In China | Kenneth Epstein
Episode transcript of: Doing Business In China | Kenneth Epstein
Alan Olsen: Entrepreneurs that are wanting to do business in China, if they are bringing intellectual property, I’ve heard mixed stories here, what is your take on bringing your intellectual property into China?
Kenneth Epstein: Well, its a challenge but it can be done, and picture china and use parallel of Japan in the ’50s and ’60s. If you try to do anything in Japan in the ’50s and ’60s there was no policy. they ripped everything off. And suddenly they developed their own IP in the late 60s and early 70s and right now japan is one of the toughest places with IP protection we are still 10 years away in china but it is coming and in some industries which they have targeted like telecom and gaming and some life science they are getting much stronger. the problem yet with IP is that the fines are not high enough yet to stop the stolen IP so it is going to take time. but you can do that. An example is a big farm company like Lily in china, they make 4 ingredients they contract each ingredient to a Chinese company and then they compound it together. So everybody knows they are making individual compounds, but they don’t know how they are putting it together, and it is the same thing for other manufacturing and IT services and so forth so you have to deal with it, but it can be dealt with.
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Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com. GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.
Alan L. Olsen, CPA, Wikipedia Bio
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About Kenneth Epstein
Ken is a principal with NewCap Partners & brings 20+years of investment banking & venture management experience, including P&L responsibility for both major business units and startups. His diverse client base includes private & family-owned businesses, strategic equity investors, large corporate venture funds, & material, high-tech & life science firms. Ken’s transaction experience encompasses selling & buying companies, negotiating global marketing & production alliances & joint ventures (JVs), as well as providing advisory services for strategic planning, acquisition & valuation. With an extensive background in materials (ceramics, chemicals, metals, nanotechnology, plastics), Ken also advises clients aggressively seeking expansion opportunities into new material markets (e.g. pharmaceutical, aerospace, semiconductor, energy, etc.) on acquisition candidates as well as small companies seeking larger global partners or exit strategies.
Ken started his global, multi-functional career with the Dow Chemical Company. He spent the majority of his Dow career ( US , Singapore , Brazil ) in Dow’s Corporate Venture Group working with high tech & materials global companies & technologies. He also started businesses, bought and sold small companies, & negotiated a variety of JVs & strategic alliances in North America, Europe, & Asia . Ken has a BS in Chemical Engineering from the University of Rhode Island & an MBA in International Finance from the University of Michigan.
Alan is managing partner at Greenstein, Rogoff, Olsen & Co., LLP, (GROCO) and is a respected leader in his field. He is also the radio show host to American Dreams. Alan’s CPA firm resides in the San Francisco Bay Area and serves some of the most influential Venture Capitalist in the world. GROCO’s affluent CPA core competency is advising High Net Worth individual clients in tax and financial strategies. Alan is a current member of the Stanford Institute for Economic Policy Research (S.I.E.P.R.) SIEPR’s goal is to improve long-term economic policy. Alan has more than 25 years of experience in public accounting and develops innovative financial strategies for business enterprises. Alan also serves on President Kim Clark’s BYU-Idaho Advancement council. (President Clark lead the Harvard Business School programs for 30 years prior to joining BYU-idaho. As a specialist in income tax, Alan frequently lectures and writes articles about tax issues for professional organizations and community groups. He also teaches accounting as a member of the adjunct faculty at Ohlone College.