Danny Lui (; 7 January 1957 – 1 July 2012Startup Capital Ventures- In memoriam http://startupcv.com/member/danny-lui/) was a

Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...

entrepreneur Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk (assumed by a traditional business), and potentially involving values besides simply economic ones. An entreprene ...

and

venture capital Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ...

ist. He graduated from

Imperial College Imperial College London, also known as Imperial, is a public research university in London, England. Its history began with Prince Albert, husband of Queen Victoria, who envisioned a cultural district in South Kensington that included museums ...

, London with a degree in

Computer Science Computer science is the study of computation, information, and automation. Computer science spans Theoretical computer science, theoretical disciplines (such as algorithms, theory of computation, and information theory) to Applied science, ...

before returning to Hong Kong and winning the Hong Kong Young Industrialist Award in 1992. He is best-known for co-founding

Lenovo Lenovo Group Limited, trading as Lenovo ( , zh, c=联想, p=Liánxiǎng), is a Chinese multinational technology company specializing in designing, manufacturing, and marketing consumer electronics, personal computers, software, servers, conv ...

. He maintained working relationships with governments in

China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...

and

.Authosis Ventures
He also had a network of venture capital connections on both sides of the

Pacific The Pacific Ocean is the largest and deepest of Earth's five oceanic divisions. It extends from the Arctic Ocean in the north to the Southern Ocean, or, depending on the definition, to Antarctica in the south, and is bounded by the cont ...

Life

Lui was born in January 1957 in

to a relatively poor working-class family and for the duration of his early life, he began to develop an interest and passion for computers. In the late 1970s, he graduated from

, London with a

Bachelor's Degree A bachelor's degree (from Medieval Latin ''baccalaureus'') or baccalaureate (from Modern Latin ''baccalaureatus'') is an undergraduate degree awarded by colleges and universities upon completion of a course of study lasting three to six years ...

. Following his graduation, he worked for a London-based firm building software applications for other companies. In 1982, Danny returned to Hong Kong and started his first business, Daw Computer Systems, Ltd. Seven years later, he teamed up with China Academy of Sciences’ Institute of Computing and co-founded the Legend Holdings, known as

in Hong Kong, which in December 2004 acquired the PC Division of IBM for $1.7 billion. In 1994, Lui led Legend (Lenovo) through a successful

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

on the

Hong Kong Stock Exchange The Stock Exchange of Hong Kong (, SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. It is one of the largest stock exchanges in Asia and the List of major stock exchanges, 9th largest globally by market ...

and the company is currently the largest PC manufacturer in China. Three years later, Lui founded APTG Ventures, his first venture fund focusing on high-tech investments in

Silicon Valley Silicon Valley is a region in Northern California that is a global center for high technology and innovation. Located in the southern part of the San Francisco Bay Area, it corresponds roughly to the geographical area of the Santa Clara Valley ...

and China. The fund has since been received with relative success, having identified star companies with strong exit records and profitable returns through IPOs as well as mergers and acquisitions. In 2000, Lui established his second fund, Authosis which focused on both IT and

semiconductor A semiconductor is a material with electrical conductivity between that of a conductor and an insulator. Its conductivity can be modified by adding impurities (" doping") to its crystal structure. When two regions with different doping level ...

industry and invested mainly in early-stage software and

fab Fab or FAB may refer to: Commerce * Fab (brand), a frozen confectionery * Fab (website), an e-commerce design web site * Fab, a digital asset marketplace by Epic Games * The FAB Awards, a food and beverage award * FAB Link, a European electricity ...

less IC design companies targeting the

internet The Internet (or internet) is the Global network, global system of interconnected computer networks that uses the Internet protocol suite (TCP/IP) to communicate between networks and devices. It is a internetworking, network of networks ...

e-commerce E-commerce (electronic commerce) refers to commercial activities including the electronic buying or selling products and services which are conducted on online platforms or over the Internet. E-commerce draws on technologies such as mobile co ...

wireless Wireless communication (or just wireless, when the context allows) is the transfer of information (''telecommunication'') between two or more points without the use of an electrical conductor, optical fiber or other continuous guided transm ...

and mobile solutions, consumer electronics,

computing Computing is any goal-oriented activity requiring, benefiting from, or creating computer, computing machinery. It includes the study and experimentation of algorithmic processes, and the development of both computer hardware, hardware and softw ...

and communication markets. Five years later in 2005, Lui co-founded a new venture fund, Startup Capital Ventures, with John Dean, former chairman and CEO of

Silicon Valley Bank Silicon Valley Bank (SVB) is a commercial bank division of First Citizens BancShares. The bank was previously the primary subsidiary of SVB Financial Group, a Public company, publicly traded bank holding company that had offices in 15 U.S. state ...

, and several other partners. The fund emphasizes on investing early-stage companies in Silicon Valley and China.

References

External links

Danny Lui - Startup Capital Ventures
{{DEFAULTSORT:Lui, Danny Hong Kong businesspeople 1957 births 2012 deaths Alumni of the Department of Computing, Imperial College London