Angel Bay Venture Fusion program: 8 start-up teams in the 2nd quarter

March 28, according to people familiar with the matter, Angel Bay venture capital's "Fusion project" seed investment in the first round of the 2nd quarter has officially invested 8 start-up teams, these 8 start-up teams have now signed an investment agreement with the Angel Bay Venture, merged into the Angel Bay in Hangzhou free development site, for closed-end centralized development. Angel Bay Insiders briefed donews on the 2nd quarter of the Angel Bay Fusion program. According to reports, the "fusion scheme" in the 2nd quarter of the two-month application period from the national and overseas received more than 500 project applications, the final choice to invest 8 projects.　　The previous data showed that in the 1th quarter of the Angel Cove Fusion, it invested 15 projects from more than 300 applications at home and abroad. Currently entering the closed development of the 8 entrepreneurial teams from Beijing, Shanghai, Hong Kong, Guangzhou, Chengdu, the United States and other countries. Entrepreneurial projects have mobile Internet applications, as well as pure Web site services.　　It is reported that this phase of the project development progress is very fast, some teams in just 1 months has been basically alpha version of the product development completed. Since 2011, the domestic angel investors have been unusually active, and many angel investors have begun to seek institutional help.　　According to relevant information, Angel Bay is one of the earliest investment in the professional and institutional angel, Angel Bay since its inception in October 2010, in just 1.5 of the time, has invested more than 30 early projects. Angel Cove, located in Hangzhou, is currently focused on the Internet and is focused on investing in the Internet, offering two types of investment services: 1, Angel Investment: investment in 500,000 to 6 million yuan, according to the Official Angel Cove website.　　As long as the team, the product has been on-line operation can apply; Angel investment is open year-round, 2, seed Investment: investment amount of 200,000, in exchange for 8% shares, as long as there are entrepreneurial team and entrepreneurial ideas can apply, seed investment for one year two period of regular opening. The recent discovery of the Angel Bay "Fusion program" in the 2nd quarter of the seed investment, in theory, as long as the entrepreneurial team and entrepreneurial vision, there is no product can also apply for seed investment.　　But according to the application page of Angel Bay bedside in the past two seasons, Angel Bay's investment in the seed investment phase is particularly biased towards technology and product teams, which have a certain tilt to the technical product team with independent development capability. It is understood that the Angel Bay Seed Investment project needs to be centrally developed in Hangzhou for three months, and this three-month Angel Bay will be held weekly sharing party in Hangzhou, from the Angel Bay expert team members and entrepreneurial team to communicate.　　And these expert team members, are basically domestic internet companies, some senior entrepreneurs, products and technical experts, as well as operations, financing people. At the end of three months, Angel Bay will open the Entrepreneurial Project Roadshow, organizing dozens of of the country's early investment funds and angel investors to the scene to watch the product demo, listen to the entrepreneurial team to explain the application prospects, product features and operational feasibility. Among them, the outstanding project will eventually also receive 500,000 to 5 million yuan unequal angel investment.After the road show is over, these seed projects will go their separate ways, free to the mighty entrepreneurial army. The seed investment model of the entire "fusion project" is very similar to the most well-known combinator in Silicon Valley.　　In the author's opinion, the YC model which is successful in America is not suitable for the Chinese market at the present stage, but also has many questions and challenges. It is learnt that the Angel Bay Seed Investment Fusion programme will open online applications in late May 2012 and its Angel investment services are open year-round.