The star effect of the industry's popular investor + pioneering mentor Kai-Fu Lee

Source: Internet
Author: User
Keywords Lee
The industrial structure of Ningbo Yinzhou District is facing a major transformation, the service industry, environmental protection and energy conservation, it and other fields are becoming the local emerging industries. However, the establishment of new industries is not an overnight, in addition to capital, the follow-up needs a steady stream of "nutrients" supplement.  But in the local Enterprise Olympus Network Technology (Ningbo) Co., Ltd. General manager Chen Zhizhou Look, Yinzhou local before this is not very good "smart money." To this end, the recent establishment of the Ningbo Venture Accelerator fund has become a Ningbo Yinzhou District Chang Schovig Heart of a joy, because in his view, they have more than just invisible "fingers." "Industrial upgrading is not like changing a package so simple, to develop new industries, if only by investment in this hand, is far from enough."  He told the first financial daily. Sievi Haikou, the "hand" is the Asian business Group, the Venture Accelerator fund chairman Qiwei started last year, the accelerator project.  Through the excavation of early projects, the integration of entrepreneurial mentor resources, screening, nurturing and direct investment in the early days of good growth. In fact, the role of "Investor + entrepreneur Mentor" is not uncommon in the industry. Prior to this, Liu did the Lenovo Star CEO special training class, set up a scale of 400 million Yuan Angel investment fund.  Kai-Fu Lee set up innovative workshops to provide seed funds. Aiming at the early more than 20 years of corporate consulting experience and more than 10 years of PE experience, Qiwei Frankly, the more contacts, but the more it makes him appear uneasy.  He told reporters that the overall life of Chinese enterprises is not long, the rise of each generation of entrepreneurs are in a specific environment by their own exploration and development, took a lot of detours, and retain the entrepreneurial experience because of the times, the different environment does not have inheritance. Not only that, he also found that the rapid entry of funds to let PE in a short period of 3 years has been a burst of development, glossy wealth stories appear from time to time, which he seems to be called "floating money" also let enterprises entrepreneurial mentality become impetuous. "Now enterprise value-added is not relying on a work of the accumulation of a harvest, more people cling to play capital game." "He pointed out," PE is a group of people Rob Peaches, and they rob the means is also very simple, is constantly bidding, the high price, which also let the enterprise into the enthusiasm error. "Instead of joining in the" Grab Peach "team, it's better to dig up the seeds when they are planted, and to extend the investment to the front and raise the bar. "If there is a platform that can focus on early enterprise resources, the core of resources, talent, services, experience and other capabilities to integrate, like building a reservoir, the efficiency will certainly be higher than a single enterprise alone."  Qiwei thought.  The plan to fall into the field set up a 100 million-yuan accelerator parent Fund, through cooperation with local governments, in a year to all over the size of about 100 million yuan funds, the parent fund to invest up to 20 million yuan, other from the local collection, as one of the innovative projects gathered in the region. Each sub-fund formed a team stationed in the local, in-depth contact with enterprises, potential enterprise, and will report to the headquarters of the proposed investment project, and finally, the decision Committee's vote.  The Sub-fund completes its total investment in approximately 2 years. Mr Liu has always believed that there is a strong sense of purpose in everything, and Lenovo Star's goal is to focus on young entrepreneurs.  The grassroots entrepreneurs who win the association's Young People's public entrepreneurship program will get the chance to enter the CEO training class of Lenovo star. In addition to accepting the hands-on instruction of Liu and Lenovo executives, the 400 million-Yuan Angel investment Fund, set up by Lenovo Star, will be in China's early projects in 5 years. Star effect Kai-Fu Lee, who founded the innovation Workshop, won the support of Liu, chairman of the China-OECD group, and within one weeks, Liu, Gou, Mr Yu and YouTube founder Steve in support and joined as a start-up mentor.  And Kai-fu Lee's star effect is to let him have full courage to plan in the first five-year cycle, to finalize the 800 million yuan of fund-raising, and in less than one months time has completed the advance financing amount of half. The same well-connected and Qiwei, when he told his friends, he soon got the Sequoia Capital Shen, fir holding Zheng, motel 168 Shen Fei-yu, easy to live in China Zhou Yi, the United States and Zhou, the Shanghai University College Students pioneering foundation and the former Goldman Sachs global partner Xuzi, the founder of the original gathering Shang, The Liu Xiangdong Bank and other people's approval, these people quickly became accelerator parent fund investors. "Everyone often play together, one to each other are familiar with, feel that this idea is good, together to do."  Qiwei admits. From concept to three sub-fund landing, Qiwei only in less than half a year time.  In addition to 20 years of consulting business to the Asian Group has accumulated a lot of experience in cooperation with the Government, Qiwei of these entrepreneurs friends to join is to make him more emboldened. In the founding meeting of the Ningbo sub-fund, he jokingly said: "To Ningbo's confidence in addition to their son-in-law is Ningbo, but also in the cedar with my cooperation." "[Page] and Shen Fei Yu also mentioned to the reporter, their own enterprises have been capital injection of the experience, now own sufficient funds under the premise, but also hope to give some points to entrepreneurial enterprises." Also participate in the Ningbo sub-fund of the Ying-Yi Group Chairman Ling Lin, said: "I venture 34 years, the first 10 years of work every day more than more than 10 hours, how to do is not good, the enterprise to add value, sometimes not by themselves can be achieved." "The participation of these star entrepreneurs will not only attract more entrepreneurs, but the key is that their experience can help companies to take less detours and contribute to the success of the next generation of entrepreneurs."  "Qiwei said. Common ideal "accelerator investment projects are like children, we will spend 1-2 years to ' tune ' them, and then to the business of uncles, uncles, including accelerator shareholders, let them continue to raise the enterprise. Qiwei that the accelerator is a relay fund, between Angel Investment and VC,Such positioning also established 80% of the project will not go to the IPO channel, but will rely on the Asian business long-term in the advisory service accumulation of listed company resources, and its strategic cooperative relationship with the form of equity transfer exit.  It is reported that the number of joint-stock companies has reached more than 20. And the innovation factory that has been operating for more than a year has also ushered in its first batch of results. On the 1 anniversary of the company's celebration, Kai-Fu Lee brought the investment of 12 projects, focused on the mobile internet, consumer Internet, e-commerce and cloud computing areas, while its first investment project Tapas mobile phone operating system has formally accepted the market test.
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