Maigang investors want to have entrepreneur spirit

China angel investor and more.

Most of them are successful entrepreneurs before, is an excellent entrepreneurs, is one the leading figures of the era, now they want to grow together with the young people. Some of them were made from the financial system, in the field of venture experience for many years, now look looking to start-up businesses. Some of them are the media's wrist, celebrities, fans, with proving the charm into the angel round.

However, what are VC partner, entrepreneur identity switching back and forth between pioneer and mentor? what began 10 years ago to an angel investment and incubation guides? what are company founders, warning investors, called for a change in VC environment Warrior?

Recently elected Chinese youth President of the angels maigang is one. People like him, still rare in China. As the handful of GP, LP and repeated the success of angel investors, and maigang in the nearly 20-year career practicing with his ideals.

From VC and Angel, access is free

There are always circles of people to be curious of maigang hair: "you walk in 798, will be treated as an artist?"

Here, maigang will bring entrepreneurial workshops. In addition, no angel investors incubators in the country has more than 10 years old, proud of this maigang.

I don't think I was involved in the financial investment industry, I recognize myself engaged in creative work.

Angel investment is a major trend in recent years, many investors have chosen to set up in the turbulent capital market Angel Fund. Maigang back in 2005 and United States Silicon Valley VC industry legend Tim Draper founded the entrepreneurship workshops, has been setting up a fund to maintain independent identity of the investor, and his VC experience relevant.

I is the first of a number of those engaged in the VC, since 97 together, can be said to be involved in creating the industry, has been in the United States in Silicon Valley VC occupation one of the few students from the Mainland. My friends first venture billion net (the earliest Chinese SNS website), is in the United States go to school while writing a business plan, graduating that year was in economic crisis, before and after almost 1 year to get angel investors, was to attract angel investors United States, Korea, Taiwan, Japan, there is no city.

Compare County venture-popular event today, maigang praised the domestic investment environment of today.

He said, no longer do institutional investors and start making independent angels, feel free. In China, the independence is not an easy thing, independent media, independent artists deserve respect.

Encourage entrepreneurship and investment at the same time, maigang would like to remind the investor and the entrepreneur spirit of independence, caution the bold choice to entrepreneurial direction.

Many businesses even get investment will die, encourage entrepreneurship and innovation and clamor venture investments are two different things. Example of crisis in order to promote the prosperity of a group of people digging ditches, and a number of people to fill the ditch, the GDP does not make sense. Only pioneering in quantitative terms there is no catch at all. By encouraging innovation and entrepreneurship to build State and national core competitiveness is the long-term strategy. All referring to Silicon Valley, only to see many innovative small and medium enterprises, in fact there are many roots in Silicon Valley United States, conquered the world giant. These big companies to attract creative talent, products, merger and acquisition companies to build global competitiveness. China's innovation and entrepreneurship in the long run is to build industrial chains at all the international competitive edge, rather than just public money, or stay in increasing the level of employment.

Maigang raises a question: in China, should only the commercial success was publicized, artists, scientists, non-profit institutions and other non-business luminaries in the field of why it is hard to focus investor attention to the civilian population? actually reflects our current pressure of the single and universal values.

Nationwide enterprise is not scientific, there should be a division of labor, everyone should do the things they are good at, to avoid copycat business. Diverse design values and life should be encouraged.

Maigang believes that in terms of volume of angel investors in China are too small in number, but also to encourage more outstanding entrepreneurs and professional investors appear. But only the quantity and quality must also be valued, each field should be good at persons engaged in entrepreneurship and investment.

Entrepreneurs and investors should have an entrepreneurial spirit, rather than speculative money.

Bubbles and opportunity coexistence

Since the BAT into the Council areas of China venture capital increasing. BAT to a huge sum of money from bits and pieces of investment, Enterprise valuations have risen higher day by day.

In this regard, the maigang have their own views. He said there is no doubt that early venture valuation levels were much higher than they were a few years ago, or that future space was overdraw, it was a lot of capital small amount outstanding of the inevitable competition. This is understandable, but he believes there's a phenomenon unhealthy, is capital in many areas has become the key to winning. Minority within a very short time to get investment industry landscape, this is money talks rather than the person. This is capital in the play, not the entrepreneurs are playing. Decisive investment in only a handful of occurred, maigang believes that it is unfair for society, is a capital is monopoly behavior, essence and Internet companies of monopolistic behavior is similar.

Maigang like coins, he believed that coins represent financial democracy. Just as the power of the Internet to create coins, Internet can also create inclusive investment environment.

Online financing equity raised and lowered investment barriers, improve participation, is inclusive of financial policies. If venture capital only in play, once the monopoly is boring. Now that people can participate in, and become more diversified. Of course, the equity raise needs to have undergone constant improvement model, or prone to herding and hitch.

Maigang hoped that the recent rise of a new generation of young VC industry must bring new perspectives, new force, orderly and healthy competition. China Youth President of the angels, maigang Guide Association of greater participation in the vote, and continue to develop new angel investors. More Angels appear, you can allow more entrepreneurs access to capital. User algorithm know the station across from the

While acknowledging that bubbles exist, maigang continues to believe that a couple of years is the entrepreneurial rush hour. He said experience over the past two years trying, people are gradually opening. Mobile Internet is characterized by decentralization, which is the result of technological change. Herd raised O2O,P2P, and so on, the changes brought about by the Internet will happen in all walks. Maigang pointed out that, over the past two years more services, consumer services, and entrepreneurial opportunities to keep up on the enterprise side.

Maigang grade is also used to describe the characteristics and scale of the innovation cycle: we see China has listed or be listed Internet company a market value of more than $ 1 billion to do list. More obvious three grades (company was founded roughly the time), as the entertainment industry has a film Institute 96 (large stars concentrated in school the same year). This is what the Internet industry's 98, 05, 13. 98 is basically the biggest portal with ctrip, house-hunting, about ten in number. 05 included qichezhijia, 58 city, Jingdong Mall, where, way cattle and so on, plus the estimated number is not listed in the 20~30. 13 only Ju mei and Mo Mo listing, but look to the future with an estimated more than 50. More than 10 years, the Internet penetration rate higher, innovation is growing, and will have a profound impact in many sectors. All great investment and entrepreneurial opportunities behind the chain of change, while the Internet was born with the gene. Move from the PC to the Internet the Internet is a new round of technology and innovation cycles, can they develop a lot of new opportunities. Of course, big waves had come about. Maigang repeatedly prompted to stay awake, don't follow.

Too much investment failure and failure due to the blind, a lot of bad project is a tremendous waste of social resources. Everyone should do his thing, play to their talent, don't watch other business to business.

Maigang want entrepreneurs to keep the spirit of independent thinking.

Open era with the opening of Angel

Maigang recently became President of China Youth Angel was in January 2013 by Xu Xiaoping, Niu Wenwen, Yang Ning and co-sponsored by maigang, many prominent angel investors United investors Association in the industry. Purpose of the Association is to create young, open the angels organization.

As one of the sponsors of the maigang for the Association in the past 2 years have devoted a lot of effort, after incoming President, he would have to accelerate the reform of China's young angels in their own way. All are designed to make the Organization more open.

Maigang believes that the younger angels are all people of the Internet, the Association should reflect the spirit of sharing, and to members of the stage, to make the industry the stage to form a platform instead of administrative bodies.

Maigang China Youth Angel's slogan is "only love and trust do not live up to"-the entrepreneurial dreams of love, trust in entrepreneur. Maigang highlights three values: rest assured that the companies that open and modular.

First: open at ease. Open mind and mechanism innovation, Association for enterprises, venture investment institutions, media, Government, incubator, open, promote the Association to become a member of the stage, stage of the industry. Young Angel will share their Chinese influence, resources and projects.

Second: corporations. Most of the expertise of the Association China young Angel to introduce professional talent, Member Services, media, events, day-to-day business aspects of professional management in financial terms, on the basis of contributions, and income generation through activities to achieve sustainable development.

Third: the modular. Is divided into three levels, Foundation modules (members of the media, activities, services, external cooperation) is based on the basic operation of the Association. Value-added service modules initiated by members to combine their resources, such as training, advisory services, management and other business after the vote, other members were free to choose to participate in investment transactions module can be vote, with investment, the lead investor, the mother Fund in several ways to meet different investment needs of members.

Now sky's offline activities is relatively mature, maigang revealed that the young Angel East China branch of China and the Guangdong Branch has been established, and Hunan, and XI ' an in the future may set up branch, ensure that the Association can learn more channels of first-line contact with entrepreneurs.

This year to strengthen the activities and institutions between the members, including the VC, venture funds, Government, institutions, the media, incubators and sources of project. Associations influence is long, we will continue with the industry and agencies to strengthen cooperation. The mentality of the Association is open, all individuals and institutions can have a relationship in the industry.

When asked about the post of the President of the blue sky of maigang would be affected when personal investments, maigang admitted that affects thinking the hard work, which is very dependent on thinking, "not 24 hours to see what it can do." But maigang also said that personal income is not as important, he is responsible, with the angels ' trust Association.

Maigang has set itself the goal is "through exchanges and cooperation among its members, the sharing of experience, we expect reasonable and increase the probability of success of investment; risk diversification, excellent selection, became the most outstanding groups of investors. "He looks forward to China's young angels will become China's outstanding angel investor mutual House, to explore the outstanding entrepreneurs. When entrepreneurship workshop was established in 2005 as he wrote on the Web site of the text "the future of China in the new century depends on a new generation of social responsibility and historical mission of the entrepreneur/entrepreneur's growth. We look forward to excellent entrepreneurs, entrepreneur, investor and more friends to join the cause! "

Good investors are entrepreneurs

Welcome to understanding angels and joined the Chinese youth at the same time, maigang said today remains a relatively new group of angel investors. Maigang believes that market still needs education.

Angel return on investment is not 28, and more concentrated than 28, 10% more than 90% people earn money. Chinese young Angels would have a responsibility to help everyone get to know angel investments this behavior, enable us to understand the angel investment risks.

Maigang said that most great angel investment entrepreneurs are excellent, their industry insights on human judgment, able to withstand risks, can face their pay was a boondoggle.

Compare with best Angel, most people don't understand the start-up investment. Some people listen to the legend of Xu Xiaoping, that angel investment is a wealth-creation myths, start-ups have high expectations. In fact, angel investment of investor resources, judgment and management requirements are extremely high. Maigang was quoted as saying, "vote for one or two projects will not look very good in very good luck."

So be encouraged to vote, share the best projects, reduce systemic risk. Ensure that in circles involved in the project, the success rate will be high. Don't blind disorder to grab items, snap items will not be so good. Diversification is the fundamental concept, high net worth investors and do not eat alone exclusively.

Maigang said the good Angel learning, to grow. Participate in the vote, share items, you can spread the risk, excellent selection. 80% projects in the hands of 20%, maigang hope that the judge will be able to cover this 20% person.

There will be more and more people into the field of angel investing. Should a risk education, cultivating healthy attitude of investors. Entrepreneurship pass, angel investment just to make money, a lot of people make money, it will be very painful. Only financial return is used to describe bad angel investment, should accompany the team to go on.

Maigang said, himself has times venture experience, success from zero began founded had billion friends (sold to France listed company Meetic, pass card (sold to Tencent), bean d network (global maximum Chinese document share website), Thai Czech video (China maximum of intelligent TV content aggregate service), OKcoin (World maximum of bit currency trading center) five home company, and in past ten years investment had Chinese online (has in shares listed), EZ pod paid, Huang Taiji, HeyJuice, bubble bubble Martine, Youth food King, and his trip, micro-mesh, micro headlines of hundreds of startups, he was able to understand how entrepreneurs feel, and Mazer and entrepreneur. He reads business started by two or three years was hard, many entrepreneurs have difficulty, feel confused. Maigang said that he is the angel investors he knows where the most frequented businesses. Entrepreneur he would need when he appears to share with them the experience and had entrepreneurial experience.

Good investors are entrepreneurs, not entrepreneurs should have the entrepreneurial spirit, the entrepreneur with AWE. Most beautiful people in the world is the entrepreneur. Venture capital arena, if everyone is an actor, investors can play many times, entrepreneurs can only be played once. Should show respect for these adventurers.