2014, which VC exits, which VC established

2013 it oranges in the inventory of investment organization strategy changes, has focused on the angel investment and early investment in the fiery degree, the fiery most obvious example is the acceleration of investment institutions to early investment tilt or migration, including the mainstream VC institutions, RMB PE fund, as well as the Internet large companies, They are moving directly or indirectly towards the early stages by setting up or investing in angel funds.

For example, Sequoia Capital Investment, IDG Capital and China Capital set up financial innovation Fund, and network Dragon set up mobile Internet investment Fund, the northern Lights, broadband capital, Jinsha venture, Kleiner and other joint through the innospring, the sky and other early investment; Internet companies such as Tencent Investment Innovation Factory, DST, Alibaba investment media Dream Factory, Shanda Network and entrepreneurs set up a dark Horse fund; Sina and Sequoia, IDG, Innovation Workshop, Yunfeng Fund, DFJ, such as the establishment of micro-blog investment funds, Jinshan, Millet and lei personal Angel funds, shun for the fund.

RMB funds, the most representative of the same creation of Albert created a 200 million yuan with the creation of a Dream workshop fund; Fortune set up a 300 million-yuan scale of the Fortune Heng Sheng Fund, Zhejiang Business Venture set up a 100 million-yuan scale Angel Fund, as well as the Yuan Wo Venture set up 100 million yuan scale of the original point of investment funds and so on.

In: 2014, the pioneering year of famous investors

In 2014, we found that: one of the most obvious changes in the investment institutions at this end is that the new institutions began to set up, well-known investors and Big V to start an independent portal, from simple investment to "investment management" into, open the VC2.0 era of independent entrepreneurial road investors.

The most notable of the newly established investment institutions in 2014 including the original Sequoia Capital, vice President Cao Yi set up the source capital, IDG Capital a separate 3 new institutions, including the original partner Zhang set up Gao Capital, the original partner Mao set up a cloud venture, as well as the former investment manager Zhenglan set up the Bo faction capital.

In addition, Huaring partner Wang Hui set up Hong Hui Capital, former DCM vice President Hubo, the former vice president of GGV Hu Lei jointly set up the Blue Lake Capital, the original Kun i jiuding partner Yu Bo set up the capital, Huandersun investment investment director and Chairman assistant Deng founded Zhi Cheng Capital, original huaxing Capital senior Liu set up a Hao Yuet capital, The former Gobi partner Dong Liang, the original huaxing capital Zhou Zijing set up the ether capital, Yu and Sheng Hitei set up the Hong Thai Fund and Li Bingbing, xiaoming, Ningquan of STARVC.

We made a table around some of the more typical new funds and shared more systematically their fund size, investment strategy, preferences, and investment cases (some of the new fund investment cases are filled in, so they are not listed in the table for the moment).

Back: 2014, vc/organizations have what exit?

2014 for investment institutions, not only is a large investment, raise funds of a year, but also the case more than a year, Alibaba in soft silver, Jingdong Mall in today's capital, and so on, are very typical and will go down in history of the high return event, but this is only a few.

As in the 2013, it orange data, it is not known that investment institutions initially invested in the price, amount, and the real time to withdraw and get the money back, so there is no specific investment institutions return; On the other hand, quitting does not mean making money, or even some exits are at a loss, These are still difficult to fully count. So the IT orange inventory, still from the number of exit to see. Next we from the merger, IPO listing two aspects for us to comb the next 2014 years Investment organization exit situation.

It orange investment data show that 2014 most of the exit is Sequoia Capital China, a total of 11 to achieve exit, of which 7 companies through the listing exit, 4 companies through mergers and acquisitions exit. The listing of the exit includes the tourism network, MO Mo, good contact, Jingdong Mall, the United States excellent products, the family interaction, the new Halo network, mergers and acquisitions include new entertainment brothers, billion-way information, Dolphin Browser, Lok Bee network. From the speed of the exit, the fastest when the Mo, April 2014 Sequoia Capital 65 million U.S. dollars investment in the Mo, and the company in December on the market; from the rate of return, the best and fastest combination of when the United States are excellent products.

The second is IDG Capital and Jingwei China, each has 8, but in the listing and acquisition of the choice is not the same, of which IDG capital through the listing of the withdrawal of 4, including the Blue Harbor interaction, 9158 Poly Music Network, Thunderbolt, the technology. There are 4 mergers and acquisitions, 5173 gaming nets, billion-Mei soft Qualcomm, 39 health nets, Jing.fm. Most of the investment time is over 6, 7 years, the long-term strategy mainly.

Jingwei China, the listing of the withdrawal of 3, including the Mo, Love Ambassador, Cheetah Mobile, 5 of mergers and acquisitions to exit the technology, Agras, the network, Dolphin Browser, box-office network. and IDG long-term investment exit is not the same, Jingwei China's These investment cases in addition to the transmission of technology, Love Kang Ambassador, other companies to invest in 3-4 years, or a relatively fast exit channel.

In the fourth place, Lenovo is a total of 7, this includes Lenovo investment, June Lian Capital and Ding-hui venture, the listing of the exit, Lenovo Investment has 3, including di-Shun, Zhaopin, NSFocus, June Lian Capital has ishares information, Ding-hui Ventures have a hi car rental. Mergers and acquisitions exit, June-Lian Capital and Ding-hui venture is also the same, respectively, is asked me, Guangzhou three music.

The fifth place is the Millet department altogether 7, here includes the millet science and technology, Jinshan software and so on the fund. One of the millet technology and Jinshan software, respectively, 2 out of the listing, for the Thunderbolt network, Cheetah Mobile, is its own business camp members. Shun for the fund is mainly 3 mergers and acquisitions, including UC Browser, the United States Zhuo Software design, Lok Amoy Network.

The sixth is Tencent, a total of 5, including listing out of the 3, mergers and acquisitions exit 2, listed companies including Le Gu, Jingdong, cheetahs, mergers and acquisitions, including star-linked, star-created interconnection.

The seventh place is SoftBank China, a total of 4, listing and mergers and acquisitions exit each have 2, the former including the Blue Harbor interaction, Alibaba, the latter including the day product network, billion-way information, Alibaba for soft silver brought more than 400 times times the return.

The eighth place is Qihoo 360 altogether 4, including 3 to go on the market exit, 9158 gathers the music net, the Di letter pass and the pedestrian Cow traveling network, the merger exit has 1, for the travel time. However, it needs to be explained that Qihoo 360 of the 3 listed investment cases, are as cornerstone investors to buy shares, may be mainly financial investment attributes.

The Nineth Place is Germany with capital, deep venture investment, each has 4 mergers and acquisitions exit, the German capital including Dream Bazaar, Lok Amoy nets, education and the apple of the eye. Deep ventures include Blue Flame, global easy to buy, nine to the world, East Blue Digital.

The tenth place is DST Asia, Alibaba (including Alibaba Capital and Yunfeng Fund), each has 3, and all is listed out, the former Alibaba, Jingdong Mall, Mo Mo, the latter has Alibaba, Mo mo.

Joint venture source, the Northern Lights, GGV capital of the same 3: The source of the IPO in the listing out of the Thunder network, mergers and acquisitions to exit the UC browser and Lok Amoy network. The Arctic Light Ventures in the listing exit has Blue Harbor interaction, the merger and acquisition exit has Chun Dream Network and star creation interconnection. GGV Capital listed for the exit of Alibaba, mergers and acquisitions for the Wan and UC browsers.

Innovation Factory has 3 mergers and acquisitions exit, including wisdom star Qualcomm, synchronous push, passenger circle.

In addition, the listing exit, Orchid Asia, Baidu, set rich Asia, Tiger Asia Fund, Temasek, Ctrip and Goldman Sachs each have 2. The withdrawal of mergers and acquisitions, the Pine Fund, Germany and China investment, Amoeba Capital, Haina Asia, Shanghai Wing Xuan, Renren, Chunghwa Capital, Cai wins each have 2.

The special emphasis here is that although today's capital is few or even not on the list, today's capital for betting and boutique investments is more than 100 times times the rate of return on the east of Beijing, one of the 2014 's shining exit cases.

The 2014 has also seen a breakthrough in the Angel's personal/institutional exit. If the listing out of the Gobi investment, the Great fund, the perilous peak huaxing to get a very large return, the acquisition of the withdrawal of the Ching Chung Fund, Germany and fast investment, amoeba Capital, Cai, extremely Kesin, the fund and so on.