Angel investors starting from bitcoin
Differences:
1, investment time:
VC, angel investors are mainly early investment, PE investment projects have a certain degree of scale
Different ways of intervention:
VC generally does not participate in the management of the company after providing investment funds, so it has a high demand for the enterprise management team; In addition to providing funds, angel investment will also participate in enterprise management, and provide more experience and methods on how to establish enterprises
3. Investors:
VC has specialized enterprises to operate, such as Sequoia Capital in the United States, Softbank investment company in Japan, etc
Angel investors are not necessarily millionaires or high-income people. It could be people's neighbors, family members, friends, company partners, suppliers or anyone willing to invest in the companyPE is mainly operated by banks or trust companies
the relationship between VC and PE:
generalized PE includes VC. PE in a narrow sense does not include VC. It will appear after VC quits from the start-up period of the enterprise, that is, the enterprise in the period before listing. At this time, the enterprise is mature, has the basis of listing, and the investment scale is larger, more stable, and the stock price is higher; And VC investment scale is small, high risk, many uncertain factors, equity is cheaper
(1) focus on team and people:people and team are the most important, very simple, a project will have its life cycle, a good idea can also go through a lot of modifications, only the team is the most important
in the competition, it depends on team execution and experience. For entrepreneurs, is there a clear strategy, a simple and clear model to gather experienced teams
On the one hand, we need the help of some good VC and angel investors(2) choose the future trend:
for angel investors, only investing in those entrepreneurial projects that can become the mainstream development trend of the future society can maximize the investment income
stimulated by the sudden wealth effect of Internet companies, almost all operators, investors and entrepreneurs focus on the field of technological innovation that can bring short-term economic benefits
(3) keep a low profile:
generally speaking, angel investors never seek the help of the media and do not want to let more people know, but they do not close themselves up. What they do is to exchange what they need with each other and look for good projects
they are not short of money, but projects. They like to communicate and share project resources
angel investment groups will have a linkage effect. For entrepreneurs, angel investors are hidden, but if financiers find one, they will find many angel investors. They trust each other
In addition, angel investors also like to invest in projects together, one is to share risks, the other is to expand resources (1) project investigation. Contact with a number of companies. The target company is selected by itself or recommended by a reputable intermediary or financial consulting institution (2) preliminary screening. Evaluate investment opportunities in advance (3) project evaluation. The preparatory phase lasts several weeks, sometimes up to several years. A PE / VC company evaluates about 100 projects every year, of which about 10 can enter the negotiation stage, and only one or two can finally get investment (4) negotiation and quotation (5) transaction organization (6) e diligence. The company that wins in the initial evaluation phase will enter the e diligence and negotiation process. At the same time, draft and determine the stock acquisition and shareholder contract, modify the articles of association, and sign relevant employment, non competition and confidentiality agreements with the management(7) close the deal. The relationship between the fund and the company will enter a new stage when it seeks to close the transaction and inject capital into the company. The foundation continues to pay close attention to the company's actions to protect its own interests and contribute to the company's performance. The fund will retain its own representative in the board of directors, and the company will regularly inform the fund of its operation and consult on specific decisions. The fund usually does not participate in the daily operation of the company, but will focus on the long-term performance of the company
(8) audit and management support. The main difference between private equity and venture capital and other means of financing is that private equity funds provide assistance in management, recruitment, institutionalization and strategic planning, and establish contacts with clients, suppliers, bankers and lawyers(9) quit. Profit and exit is the last step in the investment process. The main exit mechanisms are initial public offering (IPO) and strategic sale, which can also be sold back to the management
bus route: customized tourism line bus from Songling avenue to Taoyuan bus station line → Metro Line 4 → Metro Line 2, the whole journey is about 60.0km
1. Walk about 210m from Nanma town to Nanma community station
2. Take customized tourism line bus from Songling avenue to Taoyuan bus station line, pass 4 stops to Songling Avenue station of line 4
3. Walk about 230m, Arrive at Songling Avenue Station
4, take Metro Line 4, pass 10 stops, arrive at Shihu East Road Station
5, walk about 80 meters, transfer to Metro Line 2
6, take Metro Line 2, pass 10 stops, arrive at Shantang Street Station
7, walk about 300 meters, arrive at Suzhou Shantang street
It is said that there is heaven above, Suzhou and Hangzhou below, West Lake in Hangzhou, and Shantang in Suzhou. The reputation of Shantang street in Suzhou is not inferior to that of West Lake in Hangzhou at all. Bai Juyi once said, & lt; I remember Hangzhou the most in Jiangnan;, But some people say, & lt; In Suzhou, the most important thing is the pond;, Nowadays, Shantang street is mentioned in almost all Suzhou travel strategies. However, after many foreign tourists arrive in Suzhou, they find that there is not only one Shantang street in Suzhou, but also two Shantang streets with a long history. Which one is more worth visiting
the whole journey of No.316 long line air conditioning is about 20 minutes / 1.9 km. Walk to Suzhou railway station, take No.316 long line air conditioning, get off at Shantang Street station and walk to Shantang street
Take subway line 2 from the subway underpass of Suzhou railway station and walk towards Sangtian island for about 5-8 minutes to Shantang street
use the computer: please log in to online banking and select the "Fortune Plaza - Fund - my fund" function to redeem
using mobile phone: please log in to mobile banking and select the "favorite - investment and financing - Fund - my fund" function to redeem
(the above contents will be answered by ICBC intelligent customer service "gongxiao" on January 20, 2020. In case of business change, please take the actual situation as the criterion)
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