Chinese angel investment without a retreat

Angel investment in China is still in the embryonic period, during which China's angel investment is not clear, not only investors are not rare, the maturity of the investment concept, investment operation mode is not very clear, this is China's national conditions. But the investment in China to form a sound investment system, angel investment is definitely not dispensable, but an important link.

Angel Investment is no less important than venture capital and industrial investment, although the latter amount is large, but for the impact of industrial development, any western developed countries, small and medium-sized enterprises are the main force. Of course, for innovation, in this way, without the continuous innovation of SMEs, large enterprises will not progress or be replaced by growing small enterprises, the economy and technology will not progress, such as Google such a great company will not be possible, this is the law of social development, this law tells us, Angel investment in China is bound to develop, but also must be developed. But what about the status quo in China? And not good.

On the one hand, there are few angel investors in China, the conscious angel investment is nothing more than three kinds of people:

One is the overseas entrepreneurs or company executives who understand the role and significance of foreign angel investment and its huge economic benefits, so they come back to invest in their familiar industries, so that they do not work when there is another choice or use their own industry resources and influence, to earn extra money opportunities;

One is VC and VC managers, they are in their own investment, now the market is really hard to find a good project, want to get a development can let you invest millions of dollars of the project is difficult, even if there are many VC in Rob, tired Ah, so many VC can not find a good project in the circumstances, they also accidentally do the angel , in addition, perhaps their own funds will also vote or use their own investment in the circle of the network to help their enterprises to raise funds, so that their own interests also have a certain guarantee.

The last category is China's native angel investors, who are the first awakened people in the market, but far from being a mature group. At the beginning of the time, each one put the words is to invest tens of millions of, through the media a hype, so that the vast number of entrepreneurs seem to see the gospel, ha, the result? To invest in one or two of projects that are not desirable or not well developed, they shrink. I deal with this kind of angel investor most last year, also helped three enterprises to melt 6.2 million angel investment, with the Chinese native angel investor exchange experience, regrets many ah.

Of course, I also think the family overseas to do angel investment in mainland China, a few teachers, they are I invest in this industry, the first teacher, they give me the impression is very professional, can really do according to the rules of the game Angel investment, unlike the domestic angel investors, investment is like your leadership, staring at you every day, Everything to guide you, this kind of money, you would rather miss also can not, because many companies die because the speaker too many people caused, many times, the refusal is difficult, but very necessary.

Coincidentally, today I was talking to two angel investors, one is the CEO of a well-known software company in China, the other is a large fund owner of the returnees, the former has invested 10 projects in the country, and four of them after his investment, total raised to 21 million U.S. dollars in the first round of financing, see this score, I feel this is a good thing, for an angel, this report card even if the United States is first-class. The second angel investment friend is not so lucky, he has now invested 14 projects, but successfully raised only two, 6 million dollars, I asked how he felt? He told me clearly that he was no longer an angel investor and asked why. He said: "In the domestic angel investment is too difficult, difficult is difficult in VC too ruthless, the first can not require Angel investment exit, the second must be VC first quit the day after tomorrow to quit." Ha, in fact, these two investors have encountered a problem: is to withdraw. With the introduction of article tenth, which targets overseas listings and financing, it is also difficult to make such an IPO-oriented angel investment in China.

I am determined to provide a service platform for investment, I am very optimistic about China's financial investment services market (the original from the other article), therefore, the Angel investment long line is very optimistic, but the need may not only be the enthusiasm of the entrepreneur, but also the persistent enthusiasm of investors and rational long-term investment mechanism and the Society of Angel Investment exit mechanism perfect. China's science and technology to develop, must rely on entrepreneurial innovation, and angel investment is not conducive to entrepreneurial innovation, we hope that more rich people and institutions to the ranks of angel investment, but also hope that investors can make a profit angel