Lei to be angel investor to change from entrepreneur to investor

Lei sat on the stage, the last time he was in the role of Jinshan Software CEO to attend the press conference. Sitting beside Lei is Jinshan software chairman seeking Baijun, Jinshan The earliest investors Zhang Rotary Dragon, Jinshan Two senior vice President Geck, Wang Donghui, for a CEO's resignation held such a high specification of the Conference, in the IT industry is still rare. Originally Lei want to calmly leave Jinshan, but he left the news, on the IT industry blew up a pot, almost can use shock to describe some people's reaction: Lei University graduated to Jinshan, followed by Baijun for 16 years, ups and downs to do the market, and now why to leave?　　All kinds of discussion and speculation began to fly, Jinshan had to hold this conference on December 20. Lei said, Jinshan successful listing, suddenly feel too tired, can't carry on, he felt himself in Zhongguancun should play a new role.　　But Lei also said: As the vice chairman of Jinshan, his most important energy will be placed in the long-term strategic management of Jinshan, angel investors is just one of the role of the individual.　　Angel investor Regun Rey's new role is quite fashionable: angel investors. In fact, Lei has invested three new companies: The first is the old online shopping website www.vancl.com. Aging and LEI cooperation began in the Network of excellence, at that time Lei as chairman, aged as director of the Business Vice president.　　After the acquisition of excellence by the Amazon, aged away from excellence, founded My Network, and then founded the www.vancl.com. Lei did not disclose the amount of investment in VANCL.　　According to the reporter understands, vancl.com is about to obtain a sum of more than 10 million dollars of venture capital, the two sides agreement already signed. The second company to invest in Lei is to play more nets. As with age, many play net founder Lee Colling and Lei are friends for many years. In June this year, more than 4 million U.S. dollars in the net to get venture capital, of which 1 million dollars from Lei. The third company to invest in Lei is UCWeb, a manufacturer that offers mobile browsers. Lei previously interviewed by reporters said, optimistic about the combination of wireless and the Internet, UCWeb is the combination of wireless and Internet applications. Lei said, to finish excellence and Jinshan, money for him is only a number. According to the reporter understand, Jinshan listed, Lei held 14.9% (158 million shares), with a share price of HK $5, a net worth about 800 million Hong Kong dollars. In addition, the outstanding was bought by Amazon, at that time valued at 75 million U.S. dollars, Lei held a total of 5% equity, about 3.75 million U.S. dollars. Lei said that in the future he will focus on angel investment, Angel Investment in spite of the greatest risk, but the highest rate of return, and their own experience in doing business, can reduce this risk.　　16 CEO experience, 8 years to promote a business listing, this is Lei think he is the most important angel investors capital. Lei believes that the domestic understanding of angel investment misunderstanding, Angel investment should be a large number of people earn money to invest in some enterprises, some potential team, the purpose is to helpTo help young people succeed is to give back to the community, regardless of whether or not to withdraw money. Angel investors in China another misconception is that investors in the investment at the same time will also put themselves into the day-to-day management of enterprises, lei that this will limit the entrepreneurial autonomy, to combat their initiative, reduce their ability to innovate, should be open to their own hands and feet to develop, in the strategic guidance on the line.　　The perfect example of an angel's investment, he says, is that Amazon founder Bezos, who invested in Google, never wanted to make a profit from two founders, and they did what they wanted, even if Google failed. Hot money is pouring into China, but these hot money are keen on the second and third rounds of investment, the first round of investment.　　Lei sigh: Zhongguancun first generation of entrepreneurs, and later the Internet upstart is willing to do Angel, investment first round, China's number of innovative enterprises must be more than now, the scale must be larger than now.　　Zhongguancun second generation of Lei is the second generation of Zhongguancun entrepreneurs, and he started with the majority of people want to complete the transformation from entrepreneurs to investors, but the second generation of Zhongguancun entrepreneurs, few people can complete such a transformation. Zhongguancun has so far been a total of three generations of entrepreneurs: the first generation of entrepreneurs are Huaxia, Jinghai, communication, science, Sea, and later Lenovo, founder. The man of the generation includes, Chen Chunxian (founder of Huaxia), Wanrunan (founder of the Four), Yongji, Wang Ji (four-pass typewriter inventor), Jin Yanjing (founder of the letter), Chen Qingzhen (founder of the Sea), Wang Hongde (founder of Jinghai), Liu, Xuan (founder photo-typesetting inventor),　　Wang Wenjing (founder of Ufida). The first generation of the most successful when the number of people Liu, Lenovo Group successfully restructured, individuals completed by the entrepreneur to investors change. The most solemn and stirring when the King of the Annals, leaving the four-pass, asked to take away a four-pass typewriter they invented.　　The most failed when the number of Jin Yanjing, Wanrunan. When Wanrunan went abroad after 1989, Jin Yanjing was arrested for smuggling in the early 1990, and Zhongguancun was not only disgraced by violating morals and laws, but also lost political innocence. People who have memories of that period of history use "jittery" to describe Zhongguancun at that time.　　At that time, a group of groups of investigators stationed in Zhongguancun. Now Yongji has receded, Xuan has died, the front only evergreen Tree Liu, Wang Wenjing.　　Wang Wenjing and the entrepreneur is different, Ufida registration, he refused to "Red Hat", adhere to do self-employed. With the first generation of Zhongguancun entrepreneurs from different research institutes, the second generation of Zhongguancun is either North Drift clan, or just graduated from college students. Including Wangjiangmin (founder of Jiangmin Technology), Seek Baijun, Lei, Li Ruchong (even state software president), Yongmin (Wang code five inventor), Wu Xiaojun (ccdos inventor), Bao (Ucdos inventor), Zhu Chongjun (cced inventor), Zhidong (founder of Sina), Yang, Guo Wei, Feng (founder of the Chinese flag). The second group of entrepreneurs have no research institutes to be affiliated with, no red hatsCan wear, from the first day of the establishment, they are on the Zhongguancun Avenue. Feng, Wangjiangmin have a not very nice name: self-employed. But it is this not good name, so that they have gained valuable freedom and independence, no enterprises need to reform such a big trouble. And the second generation of Zhongguancun, most of the development of a core product, and then began to shop channels, began to sell, the company through the rolling big, the way is very few. Yang carrying Lenovo computer around to find agents, Feng pedal cart in Zhongguancun Hawking, Wangjiangmin is in the sack loaded with KV100 in Zhongguancun Hawking.　　--The second generation and the first generation of Zhongguancun are not much different from the way of capital accumulation. Today, the second generation of Zhongguancun is very different: the first category is to achieve a certain stage, the successful exit after the investment, which represents the present Lei and 3721 of the Zhou. The second type is to start again, its representative is the original four Li Fang, Sina founder Zhidong, after leaving Sina did click Technology, horn founder Chi, now for the perfect time and Space founder, the company has successfully listed in the Nasdaq, but also in Zhongguancun to buy giant Hancock Shi Yuzhu. The third category has been transformed into professional managers, including Yang, Guo Wei, Wangjiangmin, Wang Xin (chairman of the Rising). The fourth category is forgotten in the lake, such people most, typical representative is Wu Xiaojun, now in the Ministry of Agriculture Computing Center as a consultant. Zhongguancun is not the first generation of angels in Zhongguancun rise in the "two general" after the criticism, the second generation of enterprises in the "surname society or the surname of the capital" after the controversy, "surname public or the surname private" after the controversy, the third generation of Zhongguancun entrepreneurs rise. From the first generation to the third generation, the shackles of zhongguancun entrepreneurs are getting smaller. The third generation of Zhongguancun is represented by Robin Li, Charles Zhang, Deng, Shangjia, Zhou Yun fan, Ning, Tian and Tang Yue. When the second generation began to work in Zhongguancun, they were busy TOEFL, or had already set foot on the Land of America.　　Several years later, they returned to Zhongguancun on a massive scale and quickly overtook their predecessors. Lei said they caught up with the good times, hot money poured into China, the concept of venture capital popular, companies can go to Nasdaq listing.　　Some of them came back with the money, such as Charles Zhang brought back 250,000 dollars, Li brought back 1 million dollars, the most beautiful is the Tanghaisong of the billion, brought back 48 million dollars. But Lei eyes, now Zhongguancun is not perfect, because there is no angel, this is to let the Zhongguancun entrepreneurs headaches place.　　Lei career change is to fill this gap, he said, Zhongguancun needs more rich to be angels. In Beijing Shuangqing Road, Tsinghua Pioneering Park, a block 302, the room has 38 tables, 38 companies-each company by a person, a computer, a table composed of the boss is the staff. As the company grows bigger, they will move to the office upstairs. A year later, companies are doing even more, and these companies will walk out of the building and get out of Tsinghua's entrepreneurial park to rent beautiful offices.　　Mysee.com is one of many companies. But like MyseE.com out of Tsinghua's entrepreneurial park only to fall out of the company very few, more companies in Room 302 fell. ' If there's an angel investment, it's not going to happen, ' says Lei. Angels invest in 302-room companies with only one idea, one product, marketing strategy, brand, business model, and nothing else. Angel investors, he said, not only bring the first money to entrepreneurs, they have the courage to persevere, but also help entrepreneurs communicate with other institutional investors. For institutional investment, the pain is that with large sums of money, there are no good projects or teams in China.　　The angel of the first investment will be the bridge between the entrepreneur and the investment organization. Tsinghua University in the vicinity of the management of the school building often held a number of investment forums, the podium speakers are generally partners in investment institutions, many people listen to the audience from the Tsinghua pioneering Park, a block 302 room. After the speech, the entrepreneurs under the stage will rush up to change their business cards, introduce their own company, but few communication successful people. Lei said that if he and Zhou forward to communicate with investors, it will be very different, this is what he will do later.