Video site up to two live "winter"

In the past "11" Long vacation, video site Youku investors met in Beijing, when the capitalists from Wall Street and Silicon Valley were hotly discussing the bailout of the US government, and Youku CEO Koo only one feeling, "I am lucky to refinance 40 million dollars in July." Financing, for the site is still in the entrepreneurial period is now "life-saving Straw", is "winter" one of the necessary conditions.

　　Video web site repeats portal history

"In fact, when I was in finance in July, I had money to spare," Koo said. "I thought the big environment might be a problem, but I didn't think it through, but I kept on financing." "The move is now evaluated by Koo as" quite right ", and he thinks he is enough to keep running in the start-up capital" Winter ".

Chinese Internet entrepreneurs may be repeating the history of the 2000. "Although the industry itself is no problem, the capital of entrepreneurs ' winter ' has come." "Koo said. In his view, there are two kinds of companies that can "winter": "Good health" and "thick clothes". Sina and Sohu at that time belong to two aspects are very good website, their basic business no problem, also is not very short of money, even in the capital ' winter ', can also expand business, and opponents because of lack of money and fell down.

For video sites, the original hundreds of market competitors through the state SARFT "video license" clean-up operations have been reduced to less than 10. Koo that, "according to the previous ' winter ' rule estimates, 2010, we will usher in ' Spring ', but up to two families can ' winter ', I will be one of them. ”

At the end of April this year, as the main force of Internet video site has ushered in the climax of investment, but after the rare investment news, video site of the "Winter" came, "either you run winter, or you hibernate, or you sell, or you change." "Some video sites can already see the shadow of online games or community sites," says Koo.

　　Raising the threshold of venture capital

Is likened to "winter" essential "clothes thick" is the investor to the entrepreneur's fund support, "the investor often gives the target company to hit 1 to 9 points, in the economical big environment good time, 5 cent's company all has the investment, the gambling industry foreground". Born in investors, and now entrepreneurial Koo This analysis of investor psychology, "so many people swarmed cast video, cast community website, are this mentality." "But now," Wall Street investors are beginning to companies that normally score 7 points.

The top executives from another video site were relatively upbeat about the news, the capital-industry executive told reporters that domestic venture capital should still be enough in two years, "but it must be cautious, after all, now the stock market does not allow them to make money happily and then quit."

The rhetoric from Wall Street has shown such rigour. Wall Street veterans, angel investor Roger Illenberg's blog yesterday exposed 8 conditions for the target company, "It takes a company like this to get the money from me," Illenberg wrote, "I don't need to look at the business model that I can understand in 30 seconds," and "the ability to make a profit in the next 6-9 months", Only need 1 million to 2 million dollars to start, in VC (VCS) exit when the market value can reach 25 million to 50 million dollars "...

At home, the collective wait-and-see atmosphere is becoming more intense, China Ecapital Corporation Capital CEO Wang Ran said to reporters, "The real good company will always have someone to invest, but the problem is that the half target companies actually belong to the ' can not vote ', the environment is not easy to be filtered by investors, of course, unless they drop their own value." "Morning News reporter money A demon