Xue Qing

Head of operation of Shanghai Angel Investment Club

Investment Director of Venture Relay Company

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We know that many good projects, like gold, will shine, and we will find a matching investment institution. For us, our investment throughput is relatively large, and we can let really good projects find good investment institutions.

In this issue of Talk about Finance, Xue Qing screens and reviews thousands of projects in his hands every year, but he is unambiguous and meticulous. He is such a rigorous, efficient and enthusiastic guide who guides the venture capital direction of the generation in the Yangtze River Delta in East China with his professionalism and wisdom as well as a responsibility and mission of financiers.

Xue Qing is responsible for operating the Angel Investment Club with nearly 1, people, which is the largest and most professional investor group in East China. The first Innovation and Entrepreneurship Competition of the Ministry of Science and Technology and the evaluation expert of the first internet plus Entrepreneurship Competition of the Ministry of Education participated in funding more than 2 seed-stage enterprises, and successfully docked more than 2 enterprises to obtain more than 2 million venture capital. Worked in the core engineering department of Autodesk China Research Institute.

One

"Angel Fund" helps entrepreneurs set sail and grow

Founded in August 26, Shanghai University Student Science and Technology Entrepreneurship Foundation (EFG) is the first public fund in China to spread entrepreneurial culture and support entrepreneurial practice; Shanghai University Students' Science and Technology Entrepreneurship Fund (hereinafter referred to as "Angel Fund") is a public welfare fund to support college students' innovation and entrepreneurship.

with the mission of cultivating entrepreneurial environment, sowing entrepreneurial seeds and inspiring entrepreneurial strength, the Entrepreneurship Foundation has joined forces with all sectors of society to carry out business such as entrepreneurship advocacy, entrepreneurship education, entrepreneurship funding and entrepreneurship relay. So far, it has established 23 branches and special funds, forming a working network that spreads entrepreneurial culture in all directions, cultivates entrepreneurial talents and supports entrepreneurial practice.

The Young Eagle Project refers to the financing mode that EFG entrusts financial institutions to issue interest-free and mortgage-free micro-credit loans to entrepreneurs, which is suitable for various entrepreneurial projects with small amount demand and certain cash flow guarantee. The amount of funding does not exceed 3, yuan, the funding period is 3 years, and the entrepreneur repays the principal in 36 months.

Eagle Plan refers to the funding mode that EFG entrusts an incubator to invest in a startup. It is suitable for projects with innovative technology or business model and high growth. The amount of funding does not exceed 5, yuan, and the funding period is 3 years. The equity held by the agency does not participate in dividends, and the original price will be withdrawn after the expiration of the funding period.

More and more entrepreneurs with dreams, passions, preparations and abilities set sail and grow with the company of "Angel Fund", and outstanding start-up enterprises are constantly emerging.

Mr. Xue said: "In addition to receiving the maximum subsidy of 5, yuan, the recipients will also receive various business incubation counseling activities funded by the Venture Foundation, including the training of the technical elite class in the Entrepreneurship Training Camp under the Venture Foundation, and will also have the opportunity to participate in a series of activities related to Global Entrepreneurship Week, so that graduate students who are interested in entrepreneurship can get a closer look at entrepreneurship, feel entrepreneurship and feel entrepreneurship."

Referring to the Entrepreneurship Foundation, Mr. Xue said: "It is worth mentioning that the Entrepreneurship Foundation hosted the first Entrepreneurship Week in 27 and signed an agreement with the Organizing Committee of Global Entrepreneurship Week. Since 28, it has been the organizer of" Global Entrepreneurship Week China Station "and has successfully hosted nine Entrepreneurship Week activities so far; By pooling resources from all sectors of society, the Venture Foundation has gradually established an open platform for the whole society to pay attention to and participate in the dissemination of innovative and entrepreneurial ideas. Global Entrepreneurship Week has covered more than 16 countries so far and is one of the top entrepreneurial events in the world. "

He pointed out: "Up to now, the Venture Foundation has established 23 branches and special funds, forming a working network to spread entrepreneurial culture, cultivate entrepreneurial talents and support entrepreneurial practice in an all-round way. By the end of September 216, the "Angel Fund" had received more than 5,6 applications for entrepreneurial projects and funded more than 1,5 projects, driving nearly 2, people to find jobs. "

He said: "The establishment of the Science and Technology Entrepreneurship Foundation is a pioneering measure to implement the strategy of revitalizing the city through science and education, and it is a practical project that benefits the country and the people. The ability of independent innovation is an inexhaustible motive force to promote the development and prosperity of Shanghai. College students' group thinking leaps, innovative cells are active, and their pioneering consciousness is strong, which contains great potential for independent innovation. "Building bricks and tiles" and "paving the way" for Shanghai to build an innovative city.

II

Introducing entrepreneurial experience and industry resources to help enterprises realize value

Shanghai Angel Investment Club (SACC) was established in 28, with the Torch Center of the Ministry of Science and Technology as the guiding unit, and was co-sponsored by China Technology Entrepreneurship Association, Shanghai Venture Capital Industry Association and Shanghai University Student Science and Technology Entrepreneurship Foundation. It aims to gather angel investors all over the country, improve the professional level of angel investment and further improve the investment and financing environment of social entrepreneurship. It is an earlier angel investment group in Shanghai and even the whole country. At present, there are nearly 1, investors in the club, including more than 1 partners, covering nearly 8% of angel investment institutions in Shanghai and most of the top 3 investment institutions in China.

He said: "In view of the general lack of management experience and industry resources in start-up enterprises, the club focuses on mentor-type investment, and helps start-up enterprises to grow and realize value creation by providing start-up enterprise management mentors for target enterprises."

When it comes to the operation of Angel Investment Club, Mr. Xue is like an endorsement, and he remembers every number vividly. He said: "For example, last year, we successfully docked more than 2 projects, with a total amount of about ***2 billion. In fact, we also rely on everyone's strength. On the one hand, we help enterprises grow, on the other hand, we also help these investment institutions obtain projects with better returns."

Xue Qing said that after the state put forward the policy support of "mass entrepreneurship and innovation", many projects in the market have become homogeneous, which is difficult for ordinary investors to distinguish.

"As the overall global economic environment has entered a downward cycle, the performance of many traditional enterprises is declining, and equity investment has become a hot spot in the future. Because entrepreneurs and friends have no professional means to distinguish, they don't know how to screen projects, how to invest in projects, and how to quit? We will build this platform for everyone to learn from each other. "

He pointed out that in order to train more high-net-worth individuals to engage in the venture capital industry, Shanghai Angel Investment Club, with the help of front-line investors in the industry, has jointly established a specialized and systematic angel investment special training camp. Through the combination of theory and practice, students can understand and master the basic concepts and related skills of angel investment in a short period of time, and at the same time, students can deeply participate in the whole investment process by means of project joint investment, so as to cultivate an angel investor with a certain degree of professionalism. "We invite about 2~3 entrepreneurs and friends each time. Our purpose is to use our professional means to help these entrepreneurs and friends avoid risks as much as possible, so that their capital use is healthier and they can get better returns."

According to reports, Shanghai Entrepreneurship Relay technology and finance Group Co., Ltd. (hereinafter referred to as "Entrepreneurship Relay Group") was initiated by Shanghai Entrepreneurship Foundation and was established in 213. The management fund scale is 1.5 billion yuan, and it directly or indirectly invests in 15 early-stage start-ups every year; Annual increase of 8 million yuan in secured loans, serving 25 early science and technology enterprises; Manage 9 square meters of incubation park and incubate more than 7 early-stage start-ups

At present, the Entrepreneurial Relay Group has established an early-stage entrepreneurial enterprise service ecological chain with fund investment and management, innovative finance and services, and park operation and incubation as its core. Its mission is great and simple: "to relieve the pain of starting a business and help enterprises grow".

He said: "For us, we have to see a lot of projects every day, and basically we have to see about 1, projects a year. There are specialties in the industry, and we may not be so professional in some fields, so we also need to use these entrepreneurial friends. "

For example, a project may have 1 shortcomings, and our professional investment institutions may see five or six shortcomings. Other shortcomings may be seen by some experts in our industry or entrepreneurs in upstream and downstream resource markets. We use professionals to study professional fields to help us understand the project more deeply. In this case, if everyone works together to invest in a project, the success will be greater.

III

Investment institutions that make really good projects easy to find

Since its establishment, the Entrepreneurial Relay and Foundation have invested more than 1,7 early-stage start-up enterprises, of which about 9% have grown into tens of millions of enterprises, which is known as the cradle of the growth and progress of young entrepreneurs in China. According to Xue Qing, there are nearly 1, investors in the club, including hundreds of partners, covering nearly 8% of angel investment institutions in Shanghai and most of the top 3 investment institutions in China.

SACC is a non-profit organization, relying on the strong support of the government; All the collected funds will be used for the organization of club activities and the development of projects. Take the participation of senior angel investors, famous venture partners and industry experts as the stage; Guaranteed by a strong excellent project library; Make every effort to create a real and influential angel investment environment.

Xue Qing pointed out: "At the current speed, we will invest in one project every day. From these seed investment projects, we will select some high-quality projects and bring them to our platform, so that members of our angel investment club can invest together. Based on the advantages of economic development in the Yangtze River Delta, Shanghai Angel Investment Club has many investment institutions, but I hope that this system will be solid at this point in East China, attracting all kinds of elites in the investment circle in East China and serving our members well. "

He said: "Because Shanghai, as a financial center, has enough projects and enough funds to incite this market, but we feel that we have not done this well. We hope to continue to consolidate and use our advantages and strength to guide this capital market to a relatively healthy and rapid development track."

regarding the development of angel investment in China and the United States, Xue Qing pointed out: "angel investment in China is relatively young, and the reason why the United States is good is that the environment is good, people are easy to get together and have a high degree of mutual trust. However, in this environment, mutual trust in China is not high, and some projects deliberately cheat the capital side of money; Some capitalists are unwilling to release and share good projects; Some projects are very good, but there may be many problems in the development process, and this project will die. Therefore, for various reasons, the current environment is not as good as that of the United States. However, in terms of trends, everyone is slowly realizing this problem and is slowly embracing the group. "

"For the relay company, it is actually a platform. The function of this platform is to connect each of our investment funds, including each investor. Because everyone has different judgments on the project, for example, each fund has different styles and each family has its own positioning. However, relay financing has different investment styles. "

"We know that many good projects, like gold, will shine, and we will find a matching investment institution. For us, our investment throughput is relatively large, and we can let really good projects find good investment institutions. Our angel investment club has thousands of investors to digest, and we belong to a very inclusive platform. Therefore, we must have a pair of discerning eyes, and we must identify projects that will really shine and explosive projects in the future to invest. "