Shen: Sequoia China 750 million dollars to early entrepreneurial projects

Sequoia China Family Fu (Sina Science and Technology map) Click here to view all the technology pictures Sina Science and technology news July 6 morning, Sina Science and technology learned that Sequoia China has on May 18 successfully raised Sequoia Capital China venture Capital II and China Growth Fund I,　　Its size is 250 million dollars and 500 million dollars, the fund life is 10 years. September 2005 Sequoia Capital China Fund (hereinafter referred to as "Sequoia China") was formally established, and the establishment of Sequoia Capital China Venture Fund I, its size of 200 million U.S. dollars.　　Sequoia Capital China Growth Fund, China　　Shen, a founding partner of Sequoia China, told Sina technology that two funds would focus on China's high-growth enterprises, "not limited to any industry such as TMT". "Venture capital invests in early projects, including those that are less profitable or not profitable, and growth funds focus on high-growth companies with a certain size and profit margin." "We still have to look at the opportunity of the project and stick to our criteria and principles of investment," Shen said. "According to Shen, the two funds will be managed and led by the Redwood China team, and each team member will discover valuable projects and investment opportunities for both funds."　　Sequoia China's team members also include, the founding partner Zhang Fan, has just been promoted to partner Kui, Vice President Ji Yue and Sun Yu, a total of more than 10. According to Shen, Sequoia Capital China venture fund 200 million U.S. dollars "to now has been the basic investment completed."　　The fund investment enterprises, including Qihoo, Uusee, the public comment network, sing and Evans Innovation, it is understood that Sequoia China has invested 23 domestic enterprises, of which TMT industry enterprises accounted for the majority. For the investment cycle of the two funds, Shen said they did not give a strict timetable, "but based on the opportunity to decide." "In the first phase of the venture capital, we also invested in long-term businesses, which are not strictly differentiated and their fundamentals are the same." But now we have set up two separate funds to invest in different stages of the enterprise.　　Shen so to Sina science and technology explain why a new growth fund.　　Sequoia Capital is one of the most well-known venture capital companies in Silicon Valley in the United States, has invested in Yahoo, Google, Oracle, Cisco and other world-renowned enterprises, so far has invested more than 500 enterprises, more than 100 to achieve the IPO, its LP (limited partners) mainly include the United States well-known university funds and private foundations.　　Shen told Sina Technology, the two funds LP and Sequoia Capital China Venture Fund I, but also mainly Sequoia capital in the United States LP.　　In 2007, China's private equity fund raised a large amount of money, the new fund has been set up. According to the Qing group April 17 released 2007 Q1 A total of 17 investors can invest in mainland China's Asian private equity funds to complete the collection, the amount of funds reached 7.594 billion U.S. dollars, a significant increase from the same period last year, the increase of 329.5%; than the fourth quarter of 2006 raise fundsincreased by 71.2%.　　The amount of private-equity funds raised in the current quarter is not yet known, in addition to the new 750 million U.S. dollars, July 2 IDG VC and Accel, announced idg-accel China Growth Fund II successfully raised 510 million U.S. dollars, the fund is also focused on early and long-term project investment. Industry analysis that a large number of newly raised private equity funds into the Chinese market, in the drive to promote the rapid growth of China's outstanding enterprises, but also exacerbated the Chinese equity investment Market competition.