Zhejiang Business venture capital partner Xu Guan: Focus on private sector

"It feels like two startups," says Xu Guan, 46.　　However, this time his role is not the boss, but investors-the end of 2007, Zhejiang Xu Guan Group chairman of the other 11 Zhejiang traditional private enterprises, the establishment of Zhejiang Business Venture Capital Co., Ltd. (hereinafter called Zhejiang Business Ventures). More and more private capital of Zhejiang province chooses the investment form of private equity fund.　　Whether it is the limited partnership of Wenzhou Donghai Venture, or the company's Zhejiang business Ventures, has a strong family concept of Zhejiang bosses have been able to accept the role of LP (limited partner), their money to the professional GP (general partner) care.　　Although Zhejiang business ventures to raise funds only 1 billion yuan, although the first single of Zhejiang business ventures only 15 million yuan, but Xu Guan led the private LP found a new way of capital transformation. This road is somewhat maverick, Xu Guan said, "The venture should not only consider withdrawing, but also consider the development of investment enterprises."　　"December 18 in Hangzhou to accept this reporter interview, Xu Guan described his own industrial ideals, Zhejiang business Ventures not only venture capital so simple."　　Do not pursue the return of the Xu Guan heart know is that the venture is not a new thing, domestic and foreign enterprises are playing a different role in the image of the LP. The job is simple, buy someone else's equity, and then transfer profits exit, "people seem to always emphasize return." "Xu Guan do not agree with that fast forward fast out of the way," we have to grasp is, through investment to help our vast number of Zhejiang merchants to develop, and then we get the corresponding return on investment. This is a dialectical and unified relationship that should be taken into account in the scientific decisions of our future board of directors. "The large and medium-sized private enterprises in Zhejiang need capital in their entrepreneurial period, but the most need for care and help lies in corporate governance, strategic development and so on."　　So Zhejiang business Venture investment "should be based on the development of small and medium-sized private enterprises in Zhejiang, to seek some of our objectives in line with the investment opportunities."　　In Xu's eyes, Zhejiang business ventures have different characteristics than overseas VC-of course, these characteristics are also 12 private LP characteristics-all in the private economy, which is the advantages of Zhejiang business ventures. "We grow on this land, the advantages of Zhejiang merchants, Zhejiang Business shortcomings, what it needs-we know best." As an already developed group of Zhejiang businessmen, we are moving towards the whole country, to the world, to the national macro-economic trend is also sure.　　"Xu Guan 2007 just elected the president of Zhejiang Federation of Federations, CPPCC vice chairman.　　In Zhejiang Business Venture investment of the 12 LP, have to do the chemical industry, have to do real estate, but also to make household appliances, in the small and medium-sized enterprises in various industries investment, these LP industry experience is the most valuable, they bring to the entrepreneurial enterprise is not just money. When startups grow, investors get more out of it. This simple logic is Xu Guan said that "venture not only to consider the exit, but also to consider the development of investment enterprises." "Industry service first in Zhejiang province to seek development turnType of capital a lot, "we put it together this time", there will be more traditional private enterprises to participate in the future. "Zhejiang Enterprises are in the traditional field This is also a fact, but not to change the mode of economic growth, to develop High-tech, it is necessary to throw away the traditional things." "Tradition is lost," says Xu Guan, who started out of traditional industries, but there are many other things that need to be developed at this stage of industrialization. For example, the production-oriented service industry needs to develop, if the manufacturing industry to today without production-oriented services, there is no good soil and environment. Traditional manufacturing will not get a necessary support. "In contrast to consumer-oriented services, production-oriented services have a greater share in developed countries."　　According to Xu Guan's understanding, the provision of capital services to the investment fund is also a production-oriented service industry. So "the birth of private venture capital is the inevitable outcome of the economic development to this stage." ' Although we started out as a traditional industry, we need to innovate at this stage, ' says Xu Guan.　　But innovation is not about making a new product, we can take part in the innovation of the business model, including participating in the production-oriented service sector.　　So, "our focus is on the areas where major changes are imminent in traditional industries, such as new energy, materials, new media"--from the traditional realm. Of course, some of the necessary relations should be straightened out, such as the relationship between enterprise development and capital market, which is closely related to the profit exit of investment fund. "The standard of testing industrial quality is capital market." "For the upcoming launch of the Pipa and the gem, Xu Guan also has been maintaining concern." "Some people will think that the gem will be very risky," he said. But can enter the gem enterprise, I think everybody can see it's expectation and direction. Entrepreneurs also have a bottom, investors should also have their own horizons. "In the long run, the private LP is not solely for the purpose of pursuing an investment benefit, but is to work with the invested enterprise to achieve an industry." "Perhaps this is the future of the company in the running, to continue to consider."　　"Xu Guan's industrial ideals, although beautiful, but how to ensure that the other 11 private investors are like him--only the project enterprise development, do not ask for funds to withdraw?" "That's why I'm involved in Zhejiang's business ventures," he said. Xu Guan replied that participation in this venture fund is not about how much money is invested, but about "using my ideas to influence other Zhejiang businessmen".