Random Ramblings Before kicking things off this morning, an important publishing note: Beginning next week, Term Sheet will be sent via a new email provider. So please be sure to whitelist the following email address (or ask your IT department to do so), in order to ensure delivery: fortune@email.fortune.com Thanks in advance. • New firm alert: Xiaodong Jian has launched a new China-based venture capital firm called Long Hill Capital Venture Partners, according to a regulatory filing that also says he is raising up to $125 million for a debut fund. Jian has spent the past 11 years as a managing director with New Enterprise Associates, having opened both is Beijing and Shanghai offices. No word yet on what this means for his relationship with NEA ― he remains listed on its website, alongside 13 active portfolio board seats ― although the Long Hill regulatory filing suggests that he remains based in the firm’s Shanghai office. • Corporate venturing : ServiceNow (NYSE: NOW), the $13 billion cloud software company that helps other companies automate IT operations, has launched a new corporate venture capital program. It will be led by existing ServiceNow corp dev and finance executives, with the primary goal being strategic rather than financial. “We’re primarily focusing on early-stage companies that are building businesses on the ServiceNow platform,” says Dominic Phillips, VP of finance and corp dev with ServiceNow, who points to Nuvolo as an example. The group also will make select growth-stage investments (e.g., MuleSoft), and is launching a "CreatorCon" startup challenge with $500k in investment prizes. • Brex-in : There’s an interesting Q&A up in Private Equity International (sub req) with Philippe Poletti , head of Ardian’s mid-market buyout group, in which he argues that Brexit aided in his recent fundraise, because of both currency fluctuations […]
