Chapter 101: Strange Venture Capital! (Subscription Requested)
Early the next morning, Xia Yu came to a small activity center near Zhongguancun alone.
Zhongguancun in Yanjing has always been a banner of Huaguo's science and technology industry, and it is also a super-large incubator.
Even if you look at it from a global perspective, the industrial policy, talent, and entrepreneurial environment here are all first-class, second only to Silicon Valley, which is a paradise for technology startups, so it has attracted a lot of capital attention and countless entrepreneurs with dreams.
Although it is not yet a few years later that start-up cafes are everywhere and start-up roadshows are held several times a week, there are still small gatherings of insiders once or twice a month, and this is not counting the formal investment meetings held by some media and analysis institutions and investment institutions.
According to Xiao Wenjing's inquiry, this is a semi-public gathering of investment circles, and a matchmaking event for entrepreneurs is also arranged.
Because of the reprinting of the business card of the investment partner of Bluestar Venture Capital, and the fact that he participated in this kind of occasion before his rebirth, Xia Yu easily mixed in.
It's a small in-house exhibition hall with about 100 people seated in simple movable chairs, and there is no large-screen lectern, just a simple projection system. Compared with those high-end investment roadshow summits, it seems very simple and casual, and even people wearing suits are rare, and jeans are swept away.
In the memory of rebirth, Xia Yu smelled a familiar smell.
Entrepreneurs and investors are a pair of contradictory and interdependent beings, but they definitely want the company to develop well and benefit each other.
How do entrepreneurs get money? How do investors choose investment targets? In addition to the recommendation of acquaintances and the roadshow on formal occasions, in fact, this kind of private semi-public occasions account for a large proportion. Even if it doesn't work this time, you can get to know each other and get acquainted. Convenient for next dealing.
Who knows when the serial entrepreneurial loser who was not looked down on at the beginning suddenly became popular!
Look at the seats that are simply marked. Xia Yu directly did it to the side of the entrepreneur.
Before he could start, a buddy in a plaid shirt next to him came over. "Dude, what's the matter?"
Entrepreneurship also pays attention to following the trend, and the hottest Internet entrepreneurship in recent years is nothing more than vertical websites and blogs under the concept of Web2.0 of "to beat the portal", music websites that have become popular with wireless music, and of course, more software on the PC.
And a year later, a new type of community such as SNS officially broke out, and the first wave of video sites that became popular with Youtube began.
However, Xia Yu didn't say this, but replied in a low voice: "I haven't started a business yet, let's see it first." Brother, what about you?"
"I made a vertical portal with a few people, but it hasn't been launched yet. ”
"Oh. What's the aspect?"
"For online education and learning English, our website is called English Learning Network. ”
Well, it seems that he is looking for seed stage investment, but Xia Yu is not very optimistic about this direction, and replied: "Buddy, let's talk about it for a while, learn from you!"
At this time, someone had already announced the start, and the PPT on the projection listed more than a dozen venture capital representatives present, and Xia Yu took a look. The old IDG, GGV Capital, Dragon Venture Capital, and CDH Investment all have them. Although I haven't found anyone who is very famous, I still recognize two or three people who are still active in the limelight circle ten years later.
Among them, there are also people who they "know".
Xia Yu found himself a little excited. This is the first time since the rebirth that I am so close to the work scene of the year, and the first time I have come into contact with people who have intersections with relatives and friends!
Soon entered the micro roadshow time, and one by one passionate entrepreneurs began to take the stage. Introducing your own product is even just an idea, hoping that someone will like it.
Xia Yu noticed that the entrepreneurial atmosphere at this time was too different from ten years later. Many entrepreneurs rush to the stage without being prepared enough, and some even bring the wrong PPT. Others stammered and couldn't figure out what the function of what they were making was.
Also, so far, there are not many VCs active in the Chinese market. All kinds of entrepreneurship education have not had time to be carried out, unlike how people can show them directly on TV shows later, which can be imitated and learned.
But there are still high-quality projects, which is a music player product, the prototype design is very stylish and simple, and the control is also very smooth, and you can see that the architecture and art are quite good.
The founder of this company is a returnee doctor, MIT background, and there are people in the music industry in the team, which is a very complete combination; plus the asking price is not high, the A round is only 3 million yuan and is willing to sell 20% of the equity, which has attracted the attention of several venture capitalists and has been noted.
This kind of occasion will not be like a TV show, and even asking questions is omitted, as long as you take note of your interest for a while and have time to communicate privately.
Next, more than a dozen entrepreneurial projects were launched in a row, and several of them were not bad, but there was no product prototype that Xia Yu remembered that could become popular in later generations.
This is also normal, how can it be so coincidental to let him meet it for the first time.
Rao is like this, Xia Yu still wrote down a few projects that are okay. Not many venture capitalists in early-stage projects will be held and listed, and most of them will be withdrawn in Series B or Series C, especially when Bluestar is now underfunded.
For him, as long as he can grow up in a year and find a good next family to take over, it is a good project.
But what happened next left him a little speechless.
Three projects that he looked good for were robbed by other venture capitalists!
The reason couldn't be simpler, Blue Star Venture Capital has never heard of it, and Xia Yu is too young, and he doesn't know anyone, and entrepreneurs with a little confidence don't give him a chance, even if he invests with other families!
Yes, this place can't stay, Xia Yu simply didn't wait, and went directly out of the venue to a café, waiting for the guests he had made an appointment last night.
Because I made an appointment with this person for a coffee meal at noon, the time was set at half past eleven, and Xia Yu arrived here an hour earlier, just to sort out the recent events.
This encounter with the chip sniper made him further realize the difficulty of being controlled by others, and at the same time, the inevitability of the Korean company also made him a little resentful. The mind that has been going on to be a big polestar since I was reborn has finally changed.
If you are backward, you will be beaten, and if you are not strong enough, you will suffer. It's the norm in the mall.
In order to get out of this state as soon as possible, the only way is to make yourself strong as much as possible. Maybe it's time for me to speed up the progress, to settle some things that I'm not sure about, and to prepare for some projects that I still hesitate about.
For example, the field of mobile phones, which has absolutely unlimited prospects in the future......
Although in terms of network environment and technical reserves, smart phones are still in their infancy, it seems that the ordinary feature phone market in the next two years is also a period of explosion!
Xia Yu has always had this thought, after all, it came from the era when smartphones ruled the technology industry ten years later, and this complex cannot be eliminated.
He couldn't help but take out his notebook and began to re-establish a document: the space and opportunities of Huaguo's mobile phone market in the next three years. Then he took out his laptop and searched for information on the Internet. While starting to sort out key information based on the memories that are constantly triggered......
Time passed quickly, and when a young man in jeans and a white shirt appeared in front of Xia Yu, he completed a beginning and a part of the scattered records.
"May I ask who you are, Mr. Xia Yu of Bluestar Ventures?" the man asked a little timidly.
Hearing this, Xia Yu quickly raised his head, and immediately recognized this young man who was known as one of the post-80s entrepreneurial idols in the future, and hurriedly got up and shook hands and said: "Hello Li Xiang, I'm Xia Yu!"
"Mr. Xia is so young!"
23-year-old Li Xiang is far from having the aura of success in the market at this time, and he is still a newcomer in the industry who dropped out of high school and relied on his personal interests to make websites. The IT product shopping guide website he single-handedly established, Bubble.com, is now barely alive in the fierce competition.
He was amazed when he saw that Xia Yu was younger than him.
Xia Yu pulled him to sit down. Asked directly: "Our Mr. Xiao should have contacted you before, although Bluestar Venture Capital is a new venture capital company, but it is rich in capital and resources, can you tell me about your recent plans?"
Li Xiang didn't have a fully mature idea at this time. However, he was aroused by Xia Yu's words, and whispered: "You know my bubble network, and now I want to make a new vertical shopping guide website." It's about the ...... of cars."
Sure enough, this is the prototype of Autohome, but I don't know where it will go. Don't miss out on the good things of the future!
Xia Yu hurriedly asked, "Oh, car shopping guide website, where have you got?"
Li Xiang scratched his head embarrassedly when he heard this: "I just had a basic plan, and I didn't plan to tell people so early." This is a proposal I made, and the format may not be very standard, you see......"
That's right! In the previous life, Autohome was cheaper than the "famous" Chinese-American, famous angel investor Xue Manzi and Huang Mingming, who co-invested, this time there is nothing to do with you!
Xia Yu took this business plan, which is indeed not very standardized, but this is not the most important basis for Xia Yu to judge at all. casually communicated with Li Xiang about some questions in the industry, and then Xia Yu said directly: "How much money do you need?"
"I will give up to 10%, and at least about 3 million yuan will be needed for preliminary preparation and junior projects. ”
"No problem, 4 million 10%, I'll vote!" Xia Yu stood up directly and said after Li Xiang was confused for a while.
It's only been five minutes since the two met!
Li Xiang left with more questions, but he was not the only one who wondered.
After a small-scale gathering of entrepreneurial venture capitalists the next day, Xia Yu once again succeeded in getting two entrepreneurial gangs in ten minutes, both of which were start-ups with broad future prospects in Xia He's memory.
In this way, in just two days, Xia Yu has made great progress in the latest initial capital of 9100000 - the lead block is gone!
And his habit of making decisions almost within ten minutes actually spread among Yanjing's small circles.
This investment style is also too bizarre!(To be continued......)
PS: PS: Thank you fsgsgsrg, chasing the stream, Yan Teng, Lao Tzu is in a book shortage, and I will continue to work hard for my friends!