Jack Ma combined VC 1 billion reward software developers

"When it comes to venture capital, you have to share risk with venture capital, so you're more likely to get it," he said. Ma Yun once again with practical action to prove his famous words.

Recently, the "First financial daily" learned that Mr Ma's Alibaba Group in Beijing officially announced with 20 well-known venture capital institutions at home and abroad to set up an "investor alliance." The plan says it will use 1 billion yuan to nurture the domestic online software services market within 5 years, and plans to achieve tens of billions of dollars in total service revenue on the software interconnection platform, and plans to help several software developers qualify for listing.

It is understood that this participation in the Investor Alliance VC, including the Gobi Investment, Walden International investment, Shanghai Xiang Feng Investment, GF private investment and other 20, plans to complete the 1 billion-yuan venture capital, including Mr Ma's Ali software separately contributed more than 100 million yuan.

Inherit the "Win in China" section of the concept of universal participation, this time MA continued to use the network "win in the software" the title of the rich, and not set the threshold, called Small and medium software developers and all the individual developers will be programmed to participate.

And according to the reporter understand, want to complete from individual developer to listed company operator's road is not so simple.

After the software has been posted to the network platform, the software is in full compliance with the market standard, according to the usage rate of online users, secondly, according to the use of the ranking of 30 finalists each month to participate in the first instance, and then 10 from each quarter, after the repeated selection of the annual championship to be able to receive 10 million Yuan Angel Fund; Access to the angel funds of enterprises or individuals can really be selected by VC, become a quasi-listed enterprises.

Wang Tao, a senior vice president at Ali Software Group, said they would recruit 3,000 to 5,000 software developers within 5 years, selectively providing resources to help them grow. The listing location also depends on the growth of the business. Wang Tao thinks, such as domestic gem open, the threshold of listing will be greatly reduced. and the small business of software company is an untapped big gold mine.

SaaS is the abbreviation of Software-as-a-service (software as a service), a mode of providing software over the network. For example, the use of Photoshop on the Web, is a user no longer buy software, and instead of renting web-based software to the provider to manage the business model.

According to CCW information CCW analysis, by 2010, China's SaaS industry will reach 40 billion yuan, the annual composite growth rate will remain above 40%.

The company, Google and Microsoft, has launched a suite of SaaS models, and Cisco has bought a SaaS app for 3.2 billion dollars, Wang said. So they don't just want to be venture capitalists, they want to be successful SaaS platform operators.