First, personal conditions are excellent. In the eyes of venture capitalists, the personal qualities of entrepreneurs are particularly important. They believe that although the unique technology and brilliant business plan are the key factors for the success of a startup, they all have great variability, and only the personal qualities of entrepreneurs are difficult to change in a short time, and they play a decisive role in the success of a startup.
Second, sufficient profitability. Venture capitalists are businessmen. They invest not because of the entrepreneur's technology, but because the entrepreneur's enterprise can make money. In other words, the entrepreneur's technology must be thoroughly investigated and evaluated by the market, including the overall situation and development plan of the startup company, the situation of the industry in which the enterprise is located, the analysis of competitors, the investigation of enterprise management, the analysis of market sales and the financial analysis. Only those entrepreneurs who can pass the customs can get close to the "money bag" of venture capitalists.
2. Angel Investment: The angel investment of the entrepreneur's "baby milk powder" is a one-time upfront investment made by free investors or informal venture capital institutions for original projects or small start-ups in the state of conception. Although angel investment is a kind of venture capital, there are great differences between them: angel investment is an unorganized venture capital, and its source of funds is mostly private capital, not professional venture capitalists; Angel investment threshold is low. Sometimes even an entrepreneurial idea can get funds as long as it has development potential, and venture capital is generally not interested in these unborn or hungry "babies". For entrepreneurs who have just started, they can't eat the "rice" of bank loans and the "vitamins" of venture capital. In this case, they can only rely on the "baby milk powder" invested by angels to absorb nutrition and thrive.
3. Innovation Fund: A "nutritious meal" for entrepreneurs In recent years, China's small and medium-sized science and technology enterprises have developed rapidly and have become a new important growth point for national economic development. The government also pays more and more attention to the development of small and medium-sized science and technology enterprises. Similarly, the contradiction between the urgent requirements and financing difficulties faced by these enterprises in the initial stage of their business has also become an important problem that the government is committed to solving. In view of this, the Ministry of Science and Technology and the Ministry of Finance jointly set up and launched a government-supported technological innovation fund for small and medium-sized scientific and technological enterprises to help them solve their financing difficulties. Innovation fund is increasingly becoming a delicious "nutritious meal" for financing small and medium-sized science and technology enterprises. So, how do entrepreneurs get innovation funds? The technological innovation fund for small and medium-sized scientific and technological enterprises is a special government fund approved by the State Council to support technological innovation of small and medium-sized scientific and technological enterprises. Support and guide the technological innovation activities of small and medium-sized scientific and technological enterprises by means of subsidy, loan discount and capital investment, promote the transformation of scientific and technological achievements, cultivate a group of small and medium-sized scientific and technological enterprises with China characteristics, and accelerate the process of high-tech industrialization. The innovation fund will play an active role in the overall optimization of China's industrial and product structure, expanding domestic demand, creating new employment opportunities, and promoting the healthy, stable and rapid development of the national economy.