Can the hard-tech technology that replicates the Internet “money-saving” mode really use “burning money” for the “cycle”? Obviously, no.
Editor’s note: This article is from WeChat public account “CV Intelligence” (ID: CVAI2019) , author: Han Jingxian, editor: Zhang Lijuan.
“This year is almost in the ice water”, “the industry fever is declining, and institutional investment is shrinking.”
An entrepreneurial field entrepreneur expressed his true feeling of market chill on CV Intelligence. He originally planned to complete a new round of financing this year, but the results were not satisfactory.
The data shows that in the past decade, fundraising peaked in 2015-2017, and it is also a two-year hard-core technology.
Now, a cycle of four or five years has arrived. At the turning point, the hard-tech venture capital market is returning to a rational and cautious normal.
“The investment in new projects is relatively small”, “Only continue to overweight to support those data that continue to give strength, and the founders are clearly growing potential companies.”
Change: Frenzy becomes rational
“In the past few years, technology has been a niche market. The companies that come to us are all specialized institutions in the field of science and technology. But now there are not only many investment institutions that we are looking for, but many of them are invested by the Internet or business models. Institutions with a transformation in the field of investment,” Liu Bo, general manager of Enlighten Star, told CV Intelligence.
After the flow-type and mode-based entrepreneurship has reached a certain bottleneck period, hard technology companies have become a hot spot for investment.
But hard technology has barriers. “There are not many people who can understand it.” Some investors who have transformed from the Internet have “transferred the investment logic and models of the original money into the hard technology field.” The project, “Investors who can’t grab high-quality projects will grab medium-sized waterways, and even see some early or slightly worse.”
In a way, hard technology has inherited the “crazy” of the Internet Internet.
“Over the years, we have always been a ‘scientific and technological innovation, people-oriented’ investment strategy, with an annual investment frequency of 20 or 30.