Growing Pains Of Entrepreneurs

China's venture capital is gradually becoming mature and playing a more important role in our economic development.

Capital,

If Wang Junfeng, executive director of Lenovo Investment Limited, said that with capital, a small sparrow could also become an eagle and soar in the capital market.

And what is the bridge between the little sparrow and the eagle? How can we find the right investor for the ideal entrepreneur who has an entrepreneurial passion and a career?

The protagonist turns from foreign capital to RMB fund.

Zhu Fang, who has just participated in the tenth annual forum of China venture capital and private equity investment from Shanghai, has shared a good news: 35 years ago, this venue was the main role of foreign funds, and now it is the leading role of RMB funds.

China's RMB fund, no matter the total amount of funds, or the value of fund management companies, has far exceeded the current investment level of foreign capital.

"China's venture capital is gradually maturing and playing a more important role in our economic development.

Venture capital is gradually becoming mature. It is concerned that angel investment in early stage of entrepreneurship is becoming more and more VC, and then PE is regarded as a contradictory body by Xu Maodong.

He believes that Chinese entrepreneurs especially need angel investors, those angels who are not VC or PE.

In China, many famous enterprises, especially Internet companies, have angel investment.

For entrepreneurs, what is the important criterion for evaluating whether an investor is suitable? "You can think, if I take his money, what is the impact on my next round of financing? If you decide that the next round of investment is not a problem if he takes his money, then he is the matching investor.

If you take his money to meet the needs of capital, you have to be careful. "

Angel investor Xu Maodong said.

Xu Maodong, who takes the mobile Internet as the core area of investment, often sees many investors and VC meeting with entrepreneurs in many high-end hotel lobby. "China is ushering in a new round of entrepreneurial climax.

Chinese entrepreneurs also have green access.

Entrepreneurship is the green channel for many of us to succeed.

More attention should not be paid to listing.

What kind of enterprise do investors favor? Li Wei, chairman of Shenzhen Hong Kong Research and Development Investment Co., Ltd. believes that the most important thing is to look at the market and see how big the market is. "Because investors ultimately want it to appear in the capital market, or be bought by a larger enterprise, few investors want to get dividends in the long run."

Nowadays, few venture companies say to investors, "in the future, he can get a lot of dividends", and few investors are willing to invest in such companies.

Unlike Li Wei, Xu Maodong believes that entrepreneurs should not pay too much attention to the capital market, not to pay too much attention to the listing.

"I believe that many enterprises listed on China's gem will regret that hasty listing will leave many sequelae.

For entrepreneurs, the opportunity of capital market should be seized, but not blindly.

For entrepreneurs to find their own funds to match, Xu Maodong advised entrepreneurs, "now is the best time to raise funds.

When financing, if there is no good profit, it is recommended to invest in foreign capital; if there is a good profit, then look for RMB funds.

RMB funds look at statements, VC of foreign capital likes to see the early stage.

Jin Haitao, chairman of Shenzhen innovation investment group, has similar views.

He believes that if an entrepreneur sees too much money, he will fail sooner or later.

As an entrepreneur, the analysis of the trend of substitution is very important. When choosing a business item or product, it is necessary to do an alternative trend analysis.

If you go wrong, you will die early.

The phrase "Fu Yuan" of the eastern yuan Ding partner may well be in line with Jin Haitao's point of view.

How much equity should "angel" occupy?

After years of hard work and investment, the most abundant meal has not been owned by itself. This is a lot of entrepreneurs' questions about introducing investment.

Investors emphasize equity and return. What should entrepreneurs do?

Early on, entrepreneurs were excited by investors, but now entrepreneurs are getting more and more clear that they need to find investors like their company's value orientation.

So, while struggling to find investors, they also learned to refuse.

Downing, an angel investor, met with an entrepreneur from Shenzhen.

She told Downing that she was a marriage headhunting company, specifically for high-end customers, the form of one to one, doing very well in Shenzhen, often customers with 100 thousand cash in.

Seeing such a good momentum of development in Shenzhen, she hopes to spread out across the country's first tier cities.

She asked Downing: can this pattern be rolled out? If it can, it will definitely need funds.

She asked Downing directly: would you like to vote? Downing gave her the answer she wanted, and recommended a similar model in the United States for a lunch.

Downing told reporters that most entrepreneurs know very clearly what they want. Many times, there is no need to waste time playing Tai Chi.

Many entrepreneurs also told reporters that they would also do research and Research on investors.

"In addition to business models and investment problems, many entrepreneurs are concerned about the valuation of entrepreneurial companies, or small and medium-sized enterprises, at the stage of angel investment."

A Chengdu entrepreneur engaged in agriculture, rural areas and farmers told reporters.

The investor is currently in contact with an angel investor, who is required to account for 20%~30% share.

For this number, he expressed basic recognition.

He told reporters that he did not know whether to accept the angel investment or to continue looking for it, because other entrepreneurs had to invest 70% of the proportion of angel investment, much worse than him.

He said many people told him to stand up, and angels could not exceed 40%.

"It may be different from company to person."