Create a circle: Get "Angel" members and innovation workshop joint investment

Absrtact: Site Name: Creation Circle (http://ctquan.com/) Set up time: 2011.6 financing Situation: Access to the Angel Association and Innovation Workshop Joint investment product Type: Venture capital docking platform profit model: Future or try to charge to the investors I just started interviewing three years ago.

Site name: Create a circle (http://ctquan.com/)

Establishment Date: 2011.6

Financing: Access to "Angel" members and innovation workshop joint investment

Product Type: The docking platform

Profit model: Future or try to charge investors

When I first started interviewing entrepreneurs three years ago, an angel investor said to me, if met the project must recommend to him, at that time 36kr is not entrepreneurial media, 17startup has not been set up, the portal technology channel to the Internet entrepreneur's concern has just begun, as "scattered to do the stars" Angel investors, if not a lei June, Xu Xiaoping, such as famous angel investors, it is difficult to get more quality entrepreneurial projects.

In this period, I saw some grassroots origin, specialized docking entrepreneurs and investors on the online platform, limited by the difficulty of the two-way accumulation of users, registration found that the active degree is not high, soon I forgot. Soon, 36KR began to shift its focus from tech blogs to entrepreneurial services, offering a product "36kr+" to butt entrepreneurs and investors, but the docking was not deep and far from contributing to investment.

With the popularity of mobile internet, more wealth owners to join the ranks of Angel investment, it can be said that the advent of mobile internet angel Investment ushered in the spring. When the demand of the entrepreneur and the investor is more and more obvious, I think this may be a thing led by the famous Angels, use the acquaintance relation, will "scatter of the Stars" angel investors gather into the fire.

As expected, the "circle of investment" was born, this is an investment by the "Angel will" members of the docking platform, founded two years, through the spread of acquaintances, 183 of audited angel investors here to maintain a high degree of activity, including Xu Xiaoping, Kai-Fu Lee, Shire, lei June, Zeng Liqing, Baofan, Mr. Cai and other well-known angel investors.

According to Li Xiaoning, founder and CEO of VC Circle, he had just finished his MBA at the Wharton School in 2011 with Xu Xiaoping, a former vice president of Merrill Lynch, and talked about the bridging gap, so Li Xiaoning decided to take the lead on the matter, Xu Xiaoping also invested for Li Xiaoning.

In this way, the creation of the circle set up, in the celebrity-led, to the creation of the ring delivery project more and more entrepreneurs, in the past year, the average weekly delivery of more than 200 projects. The circle of staff will be in accordance with the classification of one by one contacts, according to the requirements of angel investors screening recommendations, and from the perspective of professional investors to provide entrepreneurs with more in-depth capital engagement services.

"VC to see what the project to see what the circle." "This suggests that the creation circle is ultimately a platform for investors to pick projects, and that there is a difference between the platforms that help entrepreneurs find investments," says Li Xiaoning. This also means that the final profit model of the VC will be generated from investors.

In the view of returnees Li Xiaoning, China's TMT Angel investment environment faces two difficulties, the first is not to have the physical cluster effect of Silicon Valley, the second is too little angel investors. "Angel investors in the United States have tens of thousands of angels and no more than 400 angel investors in China." "The 400 angel investors, Li Xiaoning, are those who specialize in the early stages of the project, according to a survey of Chinese angel investors last year by the state of entrepreneurship," he said.

Therefore, Li Xiaoning on the one hand hope that through the creation of the circle to strengthen the promotion of angel investment, so that more people into the ranks of angel investment, on the other hand, also hope to be able to docking for the venture to do a deeper level of service.

In order to promote the creation of the ring platform, a monthly Project Roadshow campaign "Challenge 120 Seconds", screening out the month delivery of high-quality projects on the road performance, the next seat a circle of investors when the judges, give evaluation, if there is an investment intention can be further contact under the line.

In addition to the existing free investment and financing docking platform, Li Xiaoning said that the creation Circle will also introduce a public-chip model, implementing a "combined platform" among certified investors: "Angel rounds are common in the US, but rarely in China, which is an effective way to reduce investment risk while making it easier for entrepreneurs to get a satisfactory amount of investment." "One of the profit models of the investment circle will also be generated in the investment platform."

The creation circle itself will also set up a fund to drive the investment platform, while upgrading its own professionalism.

For the delivery of the project data collection, the launch circle is also on the line of venture capital database "entrepreneurial spectrum" for investment decisions to provide data base services.

China's angel investment, mostly through the relationship between acquaintances, the group of people to develop into angel investors, faced with a great credit risk. Investment Circle angel investors need to go through the qualification audit to enter the circle, in the end, the investment circle will be a small circle of angels to serve the elite, from an entrepreneurial project point of view, so already live good enough.

However, the creation circle is still facing some problems, for example, screening and referral projects require a lot of manual operation, Li Xiaoning himself every day for a large number of projects, but also need to expand human resources.

As for the efficiency of the venture, it depends on the percentage of successful investments announced later. So far, the creation Circle has announced three successful projects to reach the final investment.