In the eyes of many investors, the industry is just removing some impurities and starting to settle down.
Editor’s note: This article comes from “Interface Technology” , reporter | Wu Yangyu.
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“Boring”, “cold winter”, and “cold”. Investors use these words to summarize the venture capital circle in 2019.
Compared with previous years, the venture capital circle in 2019 looks particularly bleak. It seems that this year, there were no super racetracks assembled by various teams in a few months, and there was no head agency scramble to grab first. The founding star company, and the personality founder who has not appeared in the style of acting with its own hot spots-“Fengkoulun” has never seen this industry for a long time.
Not only that, this year’s venture capital circle has personally burst some huge bubbles.
WeWork, a former super unicorn, has seen its private equity valuation fall from US $ 47 billion to US $ 7 billion in less than ten months; its dream is to become the second Taoduojidu. Stumbled into a broken capital chain in aggressive subsidies and marketing until bankruptcy was announced; the community fresh e-commerce track that once expected to overturn a traditional business was shadowed by the negative news of players such as staying radish, lucky and fresh, and wonderful life Shrouded.
From a more macro perspective, according to the statistics of Whaling Data, the number of investment and financing transactions in 2019 is likely to fall to the level before 2014; the amount of investment and financing transactions in 2019 is likely to fall. Up to 2016 level; strategic investment has exceeded financial investment in both amount and quantity. According to the Thai joint venture, in the past downward cycle, the scale of investment and financing in the primary market has continued to decline for up to two or three quarters. “But this cycle from the middle of 2018, the amount of investment and financing in the primary market has declined for six consecutive quarters.” .
No matter from the phenomenon or the data point of view, the moment seems to be a dark time node, but in the eyes of many investors, the industry has only wiped away some impurities and started to settle down.
2020 has no air outlet, but it will usher in an investment turning point
“I don’t think it will become the norm in the future.”