Rocket mania: What makes Ning stunned by half a 100 million ground test

A few months ago, Hu Zhenyu The first investment, investment 16 million yuan, in exchange for 16% of the shares, which is Hu Zhenyu for his start-up company Ling passenger Space "out of the price." Through 7 years of accumulation to build a small commercial delivery platform, the launch of small satellites is the short-term goal of Ling. Hu Zhenyu finally tore off his student label. These days, he has just completed the formalities from the school, successfully got the university graduation certificate. After graduating in July, a busy experiment, a busy financing, he can not give more time to attend the commencement ceremony, has been waiting until the opening time to get a diploma. The headmaster said he would give me the diploma by himself. "The childish face of the doll smiled shyly, in fact, this is nothing." "The 21-Year-old has done something to make the air and capital world scream," he said. Six months ago, he founded the company known as "Ling Ke Aerospace", became China's first private rocket company. Before him, none of the space enthusiasts would face up to the authority of the aviation system. January 2 this year, Hu Zhenyu set up the first private aerospace company in China-ling-passenger. Then non-stop for its strong momentum ": in the Domestic venture financing service platform Angel remit three days to get 5.15 million financing subscription, but also to get angel investors ning 3 million yuan. At present, Ling Guest "to obtain investment in addition to these two, and IDG." Ning for the first time to see the height of less than 1.7-meter, the face of childlike children, they hit, chatted for 5 hours. Ning know a lot of fun things, not like whenever. "Real Surrender" Ning, Hu Zhenyu with the team to demonstrate the ground test. That thoroughly ning to stunned, completely shocked, immediately the decision to invest in us. "And the father of Millet lei, also in different occasions to express the appreciation of the children of the situation." Private rockets, this is whenever, even think of the matter, Hu Zhenyu took the first step. Rocket mania: What's the 100 million-year valuation? It's hard to believe that the person in front of the Hu Zhenyu, who wears a casual plaid shirt, brown shorts, and laughs shy, is an executive director of a registered company. Hu Zhenyu don't like to beat around the bush. Just sit down, do not need any greeting, then straight to the point. If you want to ask anything, I will not shy away from any problems. "He does things, too," no-holds. At present, the aerospace industry in China is mainly monopolized by Aerospace Science and Technology Group and aerospace Engineering group. Industry specificity and the need for research and development funds are huge and other factors, so that this area is also a fully state-led. and Hu Zhenyu with a momentum, knock open the door of this heavily guarded, face authority to pry this piece is still state-owned enterprises, institutions of the territory, even without any hesitation and concern. In a business plan submitted to a VC agency, Hu Zhenyu describes his business vision: High-speed intercontinental manned, 11,150-kilometer miles from Hong Kong to California, 40 minutes by manned rockets. According to Hu Zhenyu's plan, Ling passenger space will be the first private company to provide sounding rocket launch service in China.Compared with the Long March, which is more familiar to the public, the sounding rocket is smaller, usually no more than 10 meters in length, and the arrow body diameter is not more than 300 mm and payload is dozens of kg. Its role is to send the instrument to dozens of to hundreds of kilometers high altitude, for a few minutes of scientific observation, flight trajectory is straight ", do not need to reach the automatic, do not need to orbit, the release of complex movements such as satellites." The domestic existing sounding rocket Eagle Third flying altitude of 220 km, payload 50 kilograms, the market a single price of 3 million yuan. Hu Zhenyu plans to use a year to develop the power system, to reach 100 km flight altitude, three years to complete 200 kilometers, and the price of the market to pressure to a single sale price to 2.16 million yuan. System enterprises use a lot of precision instruments to measure, the cost is high, we use conventional instruments, through testing to ensure safety, can effectively control costs. The beginning of the venture, there is no source of funds, in order to set up the company, Hu Zhenyu took out all the savings as the start-up funds of the Ling. Companies venture most of the VC, he is also pro-Pro, a person to run, my original character is very introverted, and now become more and more outgoing. "The prospective graduate's life is busy and fulfilling as the company is busy with project development." One months to run at least two places, the previous favorite sleep, sleep 12 hours a day, and now often sleep less than 6 hours. "A strong workload must be shared, now the company's team to 6 people, specifically invited a Daniel is responsible for the entire operation of the company, he spent four years to read five schools, but also are very cattle schools, compared with him, in the operation of this piece I still have a lot to learn." In order to give the company a loud name, Hu Zhenyu cost a mind: first English name Linkspace, to consider Chinese translation. Linkspace is the meaning of connecting space, we want to make a rocket that can soar the universe. and Chinese name choice also think a lot, later see the word ling, refers to birds tail feathers. In this way, both Chinese and English names can be well fit together. "Unlike most of the different, Hu Zhenyu grew up in the family environment more traditional, very strict tutor, the parents of the idea is to let him go abroad for further study after graduation, back to the right track road." And Hu Zhenyu did not like to be bound by the system, the system is not suitable for me, I do not like the exam-oriented education, also do not like the piano test class these things, when I do not have to go to the test to practice the piano, only really interested in the piano students, but also willing to spend time to practice some of the more rare tunes. Hu Zhenyu doesn't think he's rebellious: I'm not rebellious, I just have my own ideas and I'm loyal to it. "For the things you like, this rocket teenager has an amazing obsession." I once spent a year playing a piece of music, to pay the price is to forget the other tracks. When he studied explosives in high school, the university began to study sounding rockets. In order to study explosives in school, suffered a lot of pain: by dynamite blew his hands, risked being expelled from school dangerous Test explosives, was also invited to the police station for tea.But the scars forget the pain ", the parents do not let him do, he secretly study." The only child will generally be more strict, but the more I have to do. In fact, a lot of times the voice of opposition is because you did not do anything, wait until the real did come, it is nothing. Step by step, meet a lot of difficulties, now set up the Ling Guest, Hu Zhenyu also count keep cloud open see month Ming. Did not convince them, they say their, I do mine, and so on, they feel that the reliable, they will not oppose. "In addition to Ning, a lot of VCs are attracted to come to the door." There are two kinds of VCs, a kind of idealistic feeling that supports young people's entrepreneurship, like Ning, and is interested in your project itself. There is a pure VCs, come up and talk to you about business model, financial data, come up on the bargain. "Hu Zhenyu has seen a lot of VCs, and frankly, I don't like the latter. "A few months ago, Hu Zhenyu The first investment, investment 16 million yuan, in exchange for 16% of the shares, which is Hu Zhenyu for his start-up company Ling passenger Space" out of the price. In this calculation, only six months after the establishment of Ling Guest company valuation is 100 million yuan. It's still in the process, I think it's worth the money. "In the face of Wily capital, Hu Zhenyu died biting the price."