round a refers to the first round of financing. Financing is the behavior and process of enterprise financing. A Rong said that the products of the enterprises invested by the company have basically taken shape and need funds to promote them to enter the market. The financing order is generally angel investment, A round (the first round), B round (the second round) and C round (the third round).

A round of financing generally needs 2-3 million yuan. At this time, the products have been relatively perfect and mature, and the whole chain of product production, promotion, sales and after-sales has also been improved. Suitable for large-scale product sales and promotion, and the business model is also feasible. What needs to be done in Round A: 1. Team running-in; 2. Prove whether the business model is feasible; 3. Control the use of funds

There are already user-oriented products or business models in Round A entrepreneurial projects, but the effectiveness of the products/business models has not been verified by data. A project with a round of investment funds needs to complete the data verification of product/business model with the support of investment funds, and prove that it is a future and practical project with data. Starting from the A round, investors are usually professional venture capital institutions, and angel investors are few and far between. The valuation of the project will also start to differ greatly due to the industry and project situation of the project.

angel investment: in the seed stage, there may be only one concept. Nothing has started, or it has just started operation and has not yet produced products, or it has already produced products but has not been sold on a large scale. At this time, water and seeds will grow, you are an angel, and seeds will grow. There are still many risks in the process of growth, so you need to be more careful. So there is the name of venture capital. After round a, it's round B. If you like, you can also do rounds C, D, E, F and G. Of course, the names A, B, C, D and E are just common names. Or the first round, the second round and the third round

financing characteristics

1. Project orientation: it does not depend on the credit of the project investors or sponsors, but on the cash flow generated by the project and the asset value of the project itself.

2. limited recourse: different from the complete recourse in traditional financing (that is, when the borrower fails to pay off the debt on time, the creditor's rights require the borrower to pay off the debt with assets other than the mortgaged assets), limited recourse refers to the right of recourse to the borrower at a specific stage or within a specific scope

3. Off-balance sheet financing: it will not cause the imbalance of the company's assets and liabilities and affect its future financing ability.