Clean Capital Wang Mengqiu: Do not deliberately choose to focus on the experience of failure of entrepreneurs

From December 2, 2014 to December 4, the annual meeting of the investment community organized by the Qing Ke Group was held at Park Hyatt, Beijing. On December 3, "the 14th annual China Equity Investment Forum", Liu Wang Mengqiu, managing director of the clean capital, said it was not investing for the sake of a third-year investment. The specific contents are as follows: Liu Qing Capital, managing director of Wang Mengqiu, is a relatively new capital, we are more interested in O2O, then vertical trading market, and with the offline integration of the traditional industry subversive online model, we are also looking at some vertical community, but also very fancy to the changes brought about by the consumer upgrades, I used to be Baidu product technology vice President, we voted this year's project, it is difficult to say what, everyone recently more concerned about the project is Love fresh bees, is to do the community last kilometer delivery, and similar to another Chinese homosexual community is we cast. The early investment we've defined is very simple: even if there is only one idea in this project that can be discussed with us, when you are an egg, we think he is early enough. Q: Is Baidu your LP (limited partner)? No, the LP of the clean Capital is the high jianling capital, behind the original intention wants to invest the long-term value from the earlier stage, neither ask me the short-term return, we decide a project should not cast the reason, very simple, is not again a right industry, The third is whether this person is the right person to solve the problem in the industry. Q: Now do early investment, a lot of things are changing in the changing, we have some of the composition of the investment team what their views and requirements, or what kind of team you have been looking for what kind of fund to fill the strength of it? Clean capital has been hoping to do, first, Relatively understanding of the entrepreneur's early fund, we feel that understanding comes from your understanding of the business, and secondly, from your understanding of what problems you will encounter in the process of entrepreneurship, as well as the experience of a medium-sized Internet company, operation or investment. In the post section, I would like to have big internet companies with large team experience people. Q: How many weeks would it take to invest in a project? First we will go to see if the field of this project is not our concern and what we are looking for will be quicker. If this pattern is not the same as what we thought in our original mind, it would be quicker to kill. We may be judged by people, think it does not take such a long time, in fact, the changes in the entrepreneur will be very large, we in one to two hours of conversation, we need him to have two basic qualities, one is smart, the second he is engaged in the field, or past experience or better, An hour or so seems to me to be enough to judge the matter, and after the judgment we think it is the right person, or the wrong person. We are going to judge for a week whether this thing is cast or not, and for the areas we are unfamiliar with, we usually say no, because we do not want to delay other people's things, we will say this thing we do not understand, can be a priorityConsider other people, we study clearly. Q: What do you think about investing in the last one? We are not conscious of investing, or 85, or whenever, basically looking at the specific person, our view is not to cast the vote, as a whole we will also think that the real entrepreneur, Or that we think there's a better potential for growth as CEO, in terms of probability we focus on failure experience, successful experience is also very welcome, the overall mind to be more mature, will not have the consciousness must go to the project of the founder, encounter very Good, think all aspects of the consideration is also very mature.