Racism and ethnocentrism, that is his basis
Do you have any sources that disprove or show bias in the links to previous deals that I posted[0]?
I didn't even do an exhaustive search, these are just cases that I've heard of/seen/read something on until now.
It's hard to find the full deal information on the percentage stakes of various VCs by countries in African tech companies, but YC is open about that $125K for 7%[1]. Much of their organization is set up to be as transparent for founders and early stage companies as is possible. They are more forgiving than most other VCs in the US itself, and certainly more than banks in the US. this is a sweet-heart deal, giving entrepreneurs who were previously without access and opportunity an instant million dollar valuation. This is quite the sweetheart deal -- and YC does it's best to help the founders build their businesses very actively with some of the world's leading experts in those areas (again, the expertise you can only get from running something like YC).
How can a random investor from just about any other country (it doesn't even have to be China) be a more advantageous partner unless they were essentially positioning to purchase or absorb the company? It'd have to be quite a strategic partner to make this $125K/7% deal not worth it.
1) An article mentioning how China paid a substantial amount of Euros for a majority holding in the Piraeus port, when the European nations were squeezing Greece. According to Varoufakis, the initial deal was even better for Greece, which China investing a very risky 1.5 billion in greek bonds (essentialy Junk)
2. The second link dont mention China at all, it is just an article about the oil explotaition in Ghana and how it had presumably failed to bring the promised goods to the people in the villages where oil is prospected. Even if true, the promises are made by local politicians, not Chinese bureaucrats.
3) The SriLankan links is about how a journalist feel humilliated because China has been granted the lease of a SriLankan port after lendings up to 5 billion dollars have gone unpaid.
So these are the kind of links you are bringing to the table, multibillion dollar deals in China get some leases, and you are compariung them with 125k USD for 7% of the company. Last time I checked China does not own 7% of Greece, Sri-Lanka or Ghana, so I must conclude you are a dumb person letting his latent racism to take over or you are aware you are acting on bad faith and you just dont care.