Liu Day: October after the gem overvalued value will return to calm

Chinaventure Beijing Time July 15 Morning News, Shenzhen Fortune Venture capital company founding partner, Chairman Liu Day recently said, from the first half of this year, the biggest pressure is not in the number of project sources, but the project source of the price problem. The fortune principle is no more than 10 times multiples. He expects the high valuations of the gem to return to calm after October this year, with the average price-earnings ratio of the gem to be around 30-50 times. So Fortune's venture capital costs will be relatively low in the second half of the year or next, "Now it's really a bubble phase in terms of cost." "He thinks the first half of the 两、三百家 registered funds not accurate, many two or three-line cities, especially the three-tier cities still exist investment institutions, far more than 1000, at least 三、五千家." For such a large number of new investment institutions and the establishment of the new fund, he thought "more of the soup, the cost is rising", after two years into a new shuffle stage.