Huaying suggested that enterprises should pay attention to their own self-healing ability, and put more energy into the business and income-generating work, and maintain a positive cycle of cash flow, so that enterprises can obtain more initiative in the financing market.
As a heavy component of the E-Club Innovative Club’s “Financing and Worry-Free” rights, on August 21, Huarong, the Managing Director of Jiuhe Venture Capital, brought a “how to accurately grasp” The theme of the early project financing rhythm is shared. Ms. Hua Wei has worked in Sohu and Tencent for ten years. She was responsible for product management of Sogou mobile phone input method, mobile QQ, mobile QQ space, and self-selected stocks. After the transformation of investment, he served as the vice president of partner venture capital, and has unique judgment and forward-looking for Internet product planning, development strategy and business model. In the whole year, 36 “Investor-Friends and Star Entrepreneur Online Private Sharing Meetings” will be arranged to help entrepreneurs understand the industry trends, improve their business models, and make financing more targeted.
Hua Wei said that the overall investment and financing environment this year is relatively poor, the financing cycle is long, and the number of financing projects is small, but the average amount of financing for individual projects is nearly 27% higher than last year, and the Matthew effect of the head project is obvious. “VC is looking at the perspective of the project is undergoing some changes, how to find a good project, and concentrate the funds into more important projects, has become a matter of concern to everyone.”
Hua Wei said that the founders and teams with “double genes” will usually get more favor. “One is to have deep accumulation and deep understanding of the industry, and the other is to have Internet genes that can be The industry is undergoing transformation.”
Hua Wei said that investors’ requirements for entrepreneurial project revenue are being advanced, and after the continuous development of venture capital, “the bubble will be faster and faster, and the investment institutions’ requirements for project profitability will be higher than before. Many projects that are self-healing, able to earn income and customers will receive more attention.”
For the choice of early project financing nodes, Huaying also gave several suggestions. “For early projects, the end of the research and development iteration is usually a good financing time point. The first customer, with the first commercialization, will also be a better financing node. In addition, when some indicators in this large-scale growth process show a certain linear growth rate, that is also A better timing for financing.” Huaying suggested that we must grasp the financing time node, and we can use the professional platform such as FA to accelerate the financing, so as to better balance the time allocation of business and financing. Huaying also suggested that enterprises should pay attention to their own self-healing ability, and put more energy into the work of commercialization and income generation, and maintain a positive cycle of cash flow, so that enterprises can obtain more initiative in the financing market.
For the work after financing, Hua Wei believes that it is important to upgrade the team. On the one hand, it is necessary to strengthen the core research.The development and business team, the second is in the cultural construction, external communication and PR, also need to add talent, recruitment iterations to find the right people to complement the team. In addition, after the financing, there must be long-term communication with the investors. “Whether or not you have taken the money of the organization, you must maintain a long-term communication after contacting the investors. Some of the latter business developments can be actively synchronized to them. When financing, communication with investors will become smoother and closer, and the conversion rate of follow-up financing and the cycle time of financing will become shorter.”
For the evaluation of the company, Huasheng suggested that it should be as good as possible, not too entangled, and more to maintain the rapid and stable development of the business. The pace of business development can be faster, the operational efficiency can be improved better, can not spend less energy on financing, put more time on the business.”
After sharing, Hua Tuo also answered interactive questions about the issues that entrepreneurs are generally concerned with. The main issues include:
What preparations do you need to make before your company’s first financing?
When the company first raises funds, is the direction more important, or is the profit model more important, or is the founder team more important?
How is the project reasonably valued?
What is the amount of early financing of the company, which will help the company’s steady financing?
Whether the traditional industry upgrade grassroots team should first find a partner, and then go to finance?
Is there a chance for a university campus project? What is the focus of Jiuhe Venture Capital on university campus projects?
If the project can temporarily deposit a certain amount of funds and have a strong cash flow, can you consider not financing?
What are the precautions for equity financing?
How can companies understand the strength of investment institutions from the side, and thus choose the right investment company?
In the start-up period, the seed round will give 60% to a number of investors (> 5 people) to raise 3 million. How to operate the next round of financing?
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