Abstract: some star angel investors because of its sharp investment vision and courage, the entrepreneurs and investors recognized the achievements of today’s status to have open cases Leekpai, such as Xu Xiaoping Zhenge fund; Xue Manzi Manzi fund; Zheng Gang Zihui Angel; Li Zhu ener angel etc..
this year is the start of the annual meeting and from participating in the venture capital each big forum started, venture capital circles of the party cannot do without the main course project, some from the macro point of sharing economic ups and downs, some listed companies last year back roller coaster from the industry, more of a focus on different projects to expand exchanges, combined with the share. I shared some of the latest frontier observation with you.
from the second half of last year, two level of market volatility to the market level, fund-raising and investment pace suddenly slowed sharply, valuations fell sharply, the winter capital also has another unexpected, to come with many difficult transition has financing enterprises and many companies at the beginning of a few O2O the flower briefly as the broad-leaved Epiphyllum. The investment project is also the transition difficult, and we began to stop similar institutions in October to invest in the development of the complex mechanism is more be too numerous to enumerate. A year later, the capital market is still under the traditional economic chill and is far from the bottom, and the new economic format is not strong enough yet. The overseas capital market especially the sharp correction of enterprise valuation of Internet start-ups, Fidelity Fund and belight to part of the Internet business valuation almost hit a fold, and led the British high corporate valuation has shrunk substantially is to let the new enterprise financing situation of one disaster after another. At the same time, China’s venture capital has also undergone some dramatic changes, the specific performance:
I. stratification in the early stage of investment.
1 Angel Investment Agency (Star Investment man-machine structure) or angel agency VC. Some of the stars of angel investors because of its sharp investment vision and courage, the entrepreneurs and investors recognized the achievements of today’s status to have open cases Leekpai, such as Xu Xiaoping Zhenge fund; Xue Manzi Manzi fund; Zheng Hui just Purple Angel Li Zhu; British Connaught angels; these institutions landing in the capital market to boost the quality of projects at the same time, continue to change and upgrade investment ability, establish the professional sub investment team, import a large number of industrial resources and social resources to the project, with the industry’s influence direct investment, led a large number of high-quality early projects, in the national advocate for double spring, harvest capital especially in the market one or two market envious eyes. With early projects mature, some institutions of the angels began partial VC, not only is betting seed and angel of the project, more into the stage of rapid growth, with more rapid growth in the enterprise.
2 PE institutions began to lay down the value of the front layout. In the wave of national PE wave had the dividend policy, arbitrage model PE plant type large nets search project mode and one or two level market, in today’s venture capital market has gradually lost the upper hand.