Xiong Xiaoge'S Entrepreneurial Dream: Ten Years From Despair To Regret

He is a dreamer, a dream about growth enterprise board. He did it for ten years.

He is a successful investor. He entered the investment industry in 1992. He worked for 16 years. During the period, from the $20 million fund to the $2 billion, he managed IDG China Fund increased by 100 times in 15 years.

He is Xiong Xiaoge. IDGVC's founding partner has witnessed the ten years of the growth enterprise market.

Once the dream of growth enterprise board has been completed for ten years, if Xiong Xiaoge did not bump into it in 1993, there might be no today's flag raising company.

At the beginning of the initial 20 million dollar fund, Xiong Xiaoge was filled with enthusiasm and the dream of investing in venture capital.

When the IDG fund was pformed into a partnership in 1999, Xiong Xiaoge and his partners had managed a Chinese investment fund of up to one hundred million US dollars. That is when investment began to become exciting, because the Internet age is coming.

After taking advantage of an early investment to taste the sweetness of the Internet, Xiong Xiaoge began to look for similar businesses in China excitedly.

This year, the Nasdaq stock market exceeded the New York stock market.

In 1999, China's growth enterprise market began to be mentioned gradually. According to Xiong Xiaoge's words, if the gem was launched at that time, Sina, Sohu, NetEase and Baidu should be on the Chinese gem, and the business would be better.

However, according to the new listing rules, such start-up companies can not meet the profit requirements, even if they are not launched.

The reality is that in the next ten years, the introduction of gem is far from being expected.

Xiong Xiaoge realized that, at that time, neither the establishment of RMB funds or the A share as the main channel for withdrawal is unrealistic.

From this time on, Xiong Xiaoge began to cheer for the gem.

This is the best time to launch this year. When interviewed by Xiong Xiaoge, one of the details is impressive.

Xiong Xiaoge said that when he saw this year's prime minister's "government work report", there was no mention of the gem. At that moment, the loss in his mind was obvious. In his view, "no matter what, this year is the best time to launch the gem."

Xiong Xiaoge told reporters that the returns over the years were much higher than that of the US counterparts. "It's not because of how competent they are, but because they are lucky enough to get the opportunities brought by the Chinese market".

"Because there has never been such a period, Chinese people have the most cash on hand."

At this point, the introduction and improvement of the gem will undoubtedly play a great role in improving the entrepreneurial environment in China.

In fact, Xiong Xiaoge is the first wave of venture capital in China. As early as November 2005, when the SME board was fully circulated, IDGVC's investment in the software was listed on the SME board. The first day of trading rose by 127%.

In the past ten years of recalling the past venture capital market in China, Xiong Xiaoge smiled and told reporters that "the most important thing is the lessons of failure. The most common experience is investment experience". Now, the dream of growth enterprise market has finally become a reality in ten. Although the strange character of this venture capital has some regrets, he believes that the future will be more brilliant.

Du Jun, editor in chief: