There is still a chance to shoot, it is already a kind of happiness.
Editor’s note: This article comes from WeChat public account “investment community” (ID: pedalaily2012) , author: Kai Yan, Liu Chuan.
2019 is over.
“When I reviewed the first three quarters of work, I found that the average weekly meeting this year was only half of last year.” Xu Chuansheng, founding managing partner of Jingwei Venture Capital, said The VC / PE circle investment market is deserted this year.
This is not an example. Xiao Bing, executive partner and president of Dachen Caizhi, also frankly stated, “This year we have raised the criteria for screening projects. In terms of investment amount and quantity, it may be only half of last year.”
It’s a blessing to have a chance to shoot. Data from Zero2IPO Research Center shows that in the first 11 months of 2019, the total investment in China’s equity investment market was about 730 billion yuan, a year-on-year decrease of 29.5%; the number of investment cases was about 7,800, a year-on-year decrease of 18.7%.
As everyone knows, more small institutions are still struggling with fundraising. And investment managers who have nothing to do, either wait for layoffs or leave.
The last day of 2019, the investment community contacted investors from multiple VC / PE institutions. Some people have been leaving for a week, and they laughed and said they would return to their hometown for the Chinese New Year in a few days. Some people rushed to fly to the field at 6am to participate in roadshow contests to find projects. New Year’s Eve ….. small venture capital circle, all sentient beings.