Director of operation of Shanghai angel investment club
Investment Director of Entrepreneurship Relay Company
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We know that many good projects will shine like gold, and we will find matching investment institutions. For us, our investment throughput is relatively large, which allows really good projects to find good investment institutions.
In this issue of Let's Talk about Finance, Qing Xue screens and reviews thousands of projects in his hand every year, but he is unambiguous and meticulous. He is such a rigorous, efficient and enthusiastic guide. With his professionalism and wisdom, and the responsibility and mission of a financier, he guides the venture capital direction of a generation in the Yangtze River Delta in East China.
Qing Xue is responsible for operating the Angel Investment Club with nearly 1,000 people, which is the largest and most professional investor group in East China. The evaluation experts of the first Innovation and Entrepreneurship Competition of the Ministry of Science and Technology and the first internet plus Entrepreneurship Competition of the Ministry of Education participated in funding more than 200 seed-stage enterprises, and successfully docked more than 20 enterprises to obtain more than 200 million venture capital. Worked in the core engineering department of Autodesk China Research Institute.
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"Angel Fund" helps entrepreneurs set sail for growth.
Founded in August 2006, Shanghai University Students' Science and Technology Entrepreneurship Foundation (referred to as Entrepreneurship Foundation or EFG) is the first public fundraising foundation 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 university students' innovation and entrepreneurship.
With the mission of cultivating entrepreneurial environment, sowing entrepreneurial seeds and stimulating entrepreneurial strength, the Venture Foundation unites all sectors of society to carry out business such as entrepreneurship advocacy, entrepreneurship education, entrepreneurship funding and entrepreneurship relay. Up to now, 23 branches and special funds have been established, forming a working network to spread entrepreneurial culture, cultivate entrepreneurial talents and support entrepreneurial practice in all directions.
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 all kinds of entrepreneurial projects with small demand and certain cash flow guarantee. The amount of funding does not exceed 300,000 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 incubators to invest in startups. Suitable for technical or business model innovation and high growth projects. The amount of funding does not exceed 500,000 yuan and the funding period is 3 years. The equity held by the institution does not participate in dividends, and the original price will be withdrawn after the capital contribution expires.
More and more entrepreneurs with dreams, passion, preparation and ability set sail to grow with the company of "angel fund", and excellent start-ups are constantly emerging.
Teacher Xue said: "In addition to receiving a grant of up to 500,000 yuan, the recipients will also receive various business incubation counseling activities funded by the Venture Foundation, including training from the technical elite class of 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 close 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 2007 and signed an agreement with the Organizing Committee of Global Entrepreneurship Week. Since 2008, it has been the organizer of "China Station of Global Entrepreneurship Week" and has successfully held the ninth Entrepreneurship Week. By pooling resources from all walks of life, 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 65,438+060 countries so far and is one of the top entrepreneurs' events in the world. "
He pointed out: "The Entrepreneurship Foundation has set up 23 branches and special funds so far, forming a working network to spread entrepreneurial culture, cultivate entrepreneurial talents and support entrepreneurial practice in all directions. By the end of September, 20 16, "angel fund" had received more than 5,600 applications for entrepreneurial projects and funded more than 500 projects16, which led to nearly 20,000 jobs. "
He said: "The establishment of the Science and Technology Entrepreneurship Foundation is a pioneering measure to implement the strategy of rejuvenating the city through science and education and a practical project to benefit 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. Paving the way for Shanghai to build an innovative city.
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Introduce entrepreneurial experience and industry resources to help enterprises realize value.
Shanghai Angel Investment Club (SACC) was established in 2008, guided by Torch Center of Ministry of Science and Technology, and co-sponsored by China Science and Technology Entrepreneurship Association, Shanghai Venture Capital Industry Association and Shanghai University Students Science and Technology Entrepreneurship Foundation. It aims to gather angel investors from all over the country, improve the professional level of angel investment and further improve the investment and financing environment for social entrepreneurship. It is an earlier angel investment group in Shanghai and even the whole country. At present, the club has nearly 1000 investors and more than1000 partners, covering nearly 80% of angel investment institutions in Shanghai and most of the top 30 investment institutions in China.
He said: "In view of the general lack of management experience and industry resources in start-ups, the club focuses on mentoring investment, introducing entrepreneurial experience and industry resources into target enterprises to help start-ups grow and realize value creation."
Speaking of the operation of angel investment club, Mr. Xue is like an endorsement, and every number is clearly remembered. He said: "For example, last year, we successfully docked more than 20 projects with a total amount of about * * * 2 billion. In fact, it depends on everyone's strength. On the one hand, we help enterprises grow, on the other hand, we also help these investment institutions to obtain projects with better returns. "
Qing Xue said that after the state put forward the policy support of "mass entrepreneurship and innovation", many projects in the market became homogeneous, which was difficult for ordinary investors to distinguish.
"As the overall global economic environment enters the down cycle, the performance of many traditional enterprises is declining. Equity investment is already a slogan in the future. Because entrepreneurs have no professional means to identify, 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, 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 time, and at the same time, students can deeply participate in the whole investment process through project joint investment, so as to cultivate an angel investor with certain professionalism. "We invite about 20 to 30 entrepreneurs and friends at a time. Our aim is to use our professional means to help these entrepreneurs and friends avoid risks as much as possible, make their funds use healthier and get better returns. "
According to reports, Shanghai Entrepreneurial Relay technology and finance Group Co., Ltd. (hereinafter referred to as "Entrepreneurial Relay Group") was initiated by Shanghai Entrepreneurial Foundation and was established in 20 13, with a management capital of 654,380+05 billion yuan, and directly or indirectly invested in 150 early start-ups every year; Every year, 800 million yuan of secured loans will be added to serve 250 early-stage science and technology enterprises; Manage an incubator of 9,000 square meters and incubate more than 70 early 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: "relieve the pain of starting a business and help enterprises grow".
He said: "For us, we have to watch many projects every day. Basically, we have to watch about 1000 projects a year. There are specialties in the industry, and we may not be so professional in some areas, so we also need to use these entrepreneurial friends. "
For example, a project may have 10 shortcomings, and our professional investment institutions may see five or six shortcomings. Other deficiencies may be seen by some experts in our industry or entrepreneurs in upstream and downstream resource markets. We use professionals to study professional fields and help us understand this project more deeply. In this case, if everyone works together in Qi Xin to invest in a project, the success will be even greater. "
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An investment institution that makes really good projects easy to find.
Since its establishment, Entrepreneurial Relay and Foundation has invested more than 1700 early 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 Qing Xue, the club has nearly 1000 investors and hundreds of partners, covering nearly 80% of angel investment institutions in Shanghai and most of the top 30 investment institutions in China.
SACC is a non-profit organization, relying on the strong support of the government; All the funds raised 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 powerful excellent project library; Make every effort to create a real and influential angel investment environment.
Qing Xue pointed out: "At the current rate, we will invest in one project every day. From these seed-stage investment projects, we will select some high-quality projects and bring them to our platform for the members of our angel investment club to invest together. Based on the advantages of economic development in the Yangtze River Delta, Shanghai Angel Investment will have many investment institutions, but I hope this system will be solid in East China, attract all kinds of elites in the East China investment circle, and serve 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 continuously consolidate and utilize our advantages and strengths and guide this capital market to a relatively healthy and rapid development track. "
With regard to the development of angel investment between China and the United States, Qing Xue 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 can easily form groups and have a high degree of mutual trust. However, in this environment, China's mutual trust is not high, and some projects deliberately cheat the capital; Some capitalists are unwilling to publish 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, from the trend point of view, everyone is slowly realizing this problem and 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 every investor. Because everyone's judgment on the project is different, for example, the style of each fund is different, and each family has its own positioning. But relay financing has different investment styles. "
"We know that many good projects will shine like gold, and we will find an investment institution that matches him. For us, our investment throughput is relatively large, which allows really good projects to 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 invest in explosive projects in the future. "