129822627309218750_42Entrepreneur and pseudo-Angels game: breakdown of investment rules
Some angel investors, professional level does not in itself be sufficient to act as a networking expert of a round of financing. To entrepreneurs, implied or promised that he could bring a round of financing to the company – the entrepreneur shares has to meet its requirements. Flying may not be angels in heaven, may also be a bird. Angel investors how to identify their role, and entrepreneurs, VC benefit each otherHui? entrepreneurs hold the solution of pressing need to find Angel? " Some of the success of the so-called elites, do Angels really bad Sun, who already had money, but I like the big bullying the small, never saw the money. "Chen Xiaolin--an investment banking partner on our visit, the topic you want to talk about a spade. In investment circles, she is not low profile, personalSeveral Angel projects, "holding 60%, Li was voted into, do you think he has to earn money, will use the same means to rape children below, this is a great hooligans engaged in hooligan circles. "This looks like the intensity of speech, referring to her the small group of angel investors, she said to us she had seen in the rivers and Lakes: some angels,Its professional level does not in itself be sufficient to act as a networking expert of a round of financing. To entrepreneurs, implied or promised that he could bring a round of financing to the company – the entrepreneur shares has to meet its requirements; hold famous well-known angel investors and VC. Effects of win is, when you talk with the founders to enter, share share things, to its psychological offensive: don't make meInto, on not wanted to thaw to-a round; if entrepreneurs on shares of thing unwilling to concessions, pseudo-angel investors now will to "I cast you of competition opponents" and threat; in a technology innovation for commercial drive force of background Xia, pseudo-angel investors good a project, but "you cannot let I accounted for unit 60%"--became maximum interests party, "so I themselves engaged, China technology talent are hard to find did?"--You know, those "success elite"--their own education most take care of engineering; angel investment of VC. A is the scale of investment of tens of millions of, get beyond the control of 60%; dawn of the second, in a round of financing, let a round of funds bought shares to cash, while retaining the remaining shares to lock individual interests, or whether it is a wheel,B round of financing is difficult to access. Even with individual cases, whether it is a round of series b, "angel investors require unit 70%". --The small group of angel investors, entrepreneurs formed between the rules of the game, or not an objective represents the now maturing, and is widely recognized by VC circle the whole face of angel investment. I admire Chen Xiaolin Xu XiaopingAngel: in College after a round of speeches, a bunch of kids around, and had a few words to my eyes, or even think project team does not mature, 35 was passed. But who is in the investment community, venture capital for the first time in front of the angels fell Wang Tao, has a lot of emotion: "China's small number of angel investors in public financing does not like to look for VC,Is good or bad is relatively easy to identify each other. "Eager to entrepreneur VS Angel of rushing to make quick money a year ago, Wang Tao founded a market niche-based B2C e-commerce Web site. Two months ago, he claimed to be in the absence of signs of being out of the Board. A detail is that he feels uncomfortable, he clean Office object, to put a box of business cardsWhen into the bag, one investor said: "you can't take it away, this is a public property. "April 6. Beijing xitucheng. Wang Tao in a cafe grilled in a hurry after a few bites of rice and lit a cigarette, was silent. Sunshine through the huge floor Cafe Windows shine comes in. This is a not many visitors, geographical location less qiyan Cafe. It is clear that heThere is no mood to enjoy, this looks so quiet this afternoon in a few minutes. "Site from the no line on the line after we was tortured badly by Angel investors. "He reflect on their own this year-employed blind, and eager to take money from angel investors, led to the company's operations was more passive, and eventually founding teams all out. People who are familiar with Wang TaoAt the same time surprise is, he was once a famous investment companies marketing term, familiar with VC/PE-backed operation, with a broad contacts in the industry. Own business, ignoring the early understanding of the investment, on things relating to capital, fell and tripped and was so fast. By the end of 2010, Wang Tao spent tens of thousands of dollars to deliver deposits to complete leasing office, after the Spring Festival openingBegin planning site. Startup capital required $ 2 million, he had no money. But have confidence after half a year into a wheel. Impatient to Wang Tao, stone Gallery in early February and the angel investors see a face. A few days past, stone Gallery with Wang Tao met another Wu Jun angel investors. Investment quickly settled. The next day, stone Gallery called Wang Tao "we vote for you. "Two peopleWang Tao was 1.5 million. Unit 40%. Stone gallery a few years ago and his MSN, Wang has not quite remember what year is this thing. But on the line, below the line they haven't talked. On the stone, King had previously know to speak. He is known, stone worked in a training-related website for angel investment in the capacity of a small sum of money, VC when they came in, quickly sold theirShares, cash took a sum of money. The same approach, the same story also appears in Wang Tao. Story of the curtain was only just opened, plots to tragic situation played out. $ 1 million or 2 million angel investment into Wang Tao's company. Tao Wang, clear, "burning money" how long it can sustain. Wang Tao continued contact with the VC; stone porch trying to "exit"
wow cd-key, the King unilaterally descriptionIn, he was feeling "he was trying to make quick money of angel investors. "Stone Gallery began after a month in preparation for withdrawal," but without any reason. "Wang Tao said. Soon, Wang got a company co-founder and meet him, see if you can buy his stake. King recalls, 600,000 in favour of stone Gallery, the appointment he was talking about a good price to more than 1 million shares sold,But looking back, stone corridors backed out when he came home to find each other's companies in the United States listed, look up to 2 million or 3 million price, "that others do, then collapsed. "The deal after the attempted, stone corridors to Wang Tao on the exit, on the grounds that," you promised the company would melt into a wheel. "The King said," was also not on the line, busyTake the private beta team and Web site, where a wheel? " The other angel investors, namely stone Gallery introduce Wang Tao to Wu Jun, Wang he could not understand the same. Age than their stone Gallery and Wu long, venture capital. King 's, experience than they experienced at that time, intuition considers trusted Wu, "at least, age out there. "But in Wang Tao's description, the same is he brought aEndless torment. "Every day the company, focus on corporate finance, lead a wage, work nor do the addition, but also interfere with the internal management of the company from time to time. "Wu Jun is also a King was not familiar with, and non-business acquaintances into the company as Vice President of operations experience. Meanwhile, Wu set up an advertising company, "advertising of the company full by his agent, butPeople in their company did not understand the Internet advertising. A $ 490,000 ad, I know he secretly made a $ 50,000 afterwards. "Wang Tao said," this cause we are anxious to go into a round. "Wang Tao is in contact in the past formal VC, PE, even holding the right low, can also guarantee the right to founder in the company's control. "But I then lose the right to control, therefore,So be sure to account for the small unit, the founder company of master team. "In May the same year, when the company conducted a round of financing, have been talking about exit stone Gallery," jumping out, you must let me quit, I investment agreement is also a shareholder, I don't sign what you don't want to finance. "Under these circumstances, Wu introduced the Vice President to nearly 3 million of shares bought the stone Gallery。 "Three months, he gained a premium of 4 times. "Things did not end. As mentioned earlier, Wang Tao was looking for a round of financing, similarly for an urgent money mindset. In May
TERA Gold, he won the four-term sheets. "Including a well-known foreign investment institutions, a Hong Kong VC, a United States of VC and a mainland funds. "Dollar funds needed a diffuseLong approval process. To do this, Wang finally chose the LP from the manufacturing industry, lack of experience in Internet operations of the Fund. "With 30 million, signed an agreement on bet. "But according to what he said, and conclusion of the agreement, the money was coming in two months. The second half of last year, after the Group buy foam and is part of the inside and outside the industry who bad-mouth backgroundXia, in Wang Tao, described in this section at the beginning of the end. Wu is introduced, it invested 3 million to buy the stone Gallery shares Vice President position to succeed Wang Tao's posts. He speculated, cooked each other complex stone Gallery, Wu Jun, or to the interests of Alliance. Stone Gallery before exiting, Wu Jun was Wang Tao said "he ' fired '. "Wang Tao was leaving the companyLater, in February, found two of his side projects. "You think about it, just cast a partnership with companies like that, how could turn around and think again of the partnership investment program?" After a wheel came in, Wang Tao to speculate on shares, "they sing is just a black, a play the hero. "Wang Tao out of that Fund to the media throwReason an official color: a strategic transformation, shifting from online sales under the line; the second is the founder of bet on the performance of the agreement is not reached, the financial system has been irregular, inadequate internal management system, as well as, increase advertising without permission. In response, Wang Tao also had a high profile in the media response. Wang Tao and the capital which is or not, we did not make further verification. But the experience inAfter a failed venture, experience or it can be shared with the founders: "an entrepreneurial do not blindly eagerly trying to find investors money. Angels have to have intensive contacts, bad angels, on corporate governance to interfere too much, that you a round will be affected; the second, and then to a pipe more VC, that this thing will completely waste; andIn this case, you yourself even if only a little money, you also have the opportunity to live, if you introduce investment that got a trick go wrong, the future may even have no chance to live sth "" pigs and pigs "," sometimes incorrectly built on both a pig on the relationship between human and pig. Investor money
SWTOR CD-key, he started a farm. Me you pig, and hePigs are the same, you life and death, and in fact, and I don't have much, but could you make money this thing and I have relationships. "Talking entrepreneur and angel investor, after the founder, Beijing new CEO of Kang sheng Dai zhikang outspoken. Dai zhikang a friend of antivirus software, founded a company a few years ago, and got the angel investor money. ItsLater, the angels was voted entrepreneur says: "you don't understand finance, financial kept by my good. "Dai zhikang says," this case very far. "Angel of the day the real estate investor, has your company encountered financial bottlenecks, carrying his friends sold the company," without his knowledge, and that the founders did not receive any benefits, Investors used this money to offset your company's cash flow, is this like a pig? " Dai zhikang feel such extreme situations, mostly occur in cross-industry investments, "intersection is not each other, he took no more than a pig man role, even not raised pigs would like to sell you. "In Beijing, Yang Li is we met another entrepreneur. 35Yang, aged in IT industry, a few years ago when his company encountered financial difficulties, angel investor Li Yang to 600,000 in favour of his company. Yang said that although financial stress, but the money was not particularly attracted him, because in terms of size, even take 2 million, 3 million, can resolve things, is just one of the people in Beijing to buy an ordinaryHouse and his company needed money at that time, "not is 35. "Sheep Lee also ran a IT company. He Yang Li said that paragraph--I think you are not quite the money shortage, can thaw yourself to a round, but no one will just throw that hundreds of thousands of the street, so I put a little money coming in, me to seriously do somethingI from the value of your product, marketing, management, cooperation, networking resources, is the system: "in the early stages of the company, many entrepreneurial experiences the same, I can help you. "Yang Li said when he was struck by this sentence took the money. But Yang Li soon discovered this, Lee brings to the company a negative value even more. He said that 600,000 of angel investment,Actually, "I bought a old unit. "" Frankly, the whole experience was a game between me and angel investor. "Review of Yang Li, Li control of a very strong, personal style highlighted, but they do operate on the idea that a company," is not the same ". Every half month, Yang to "Exchange" to Lee in the name of the sheep home a visit. "Talk to him I pluggedNot on the mouth, I think he actually had a pleasure of the speech. You just got to you, how is this product should be, what should you recruit people, you're missing what do sth Later, he goes on and talk, I always find the opportunity to quickly plug in the sentence, pointing out that, Oh! you're wrong, it has become one of my pleasure, is a bit like playing chess, chessSleep. "Yang Li is the real headache, when an angel investor control over the strong, and they are in the same area doing the two companies and their product when there is associated," ass of angel investors, are sitting in their own corporate interests of that party, or was the company's side? " Yang Li companies related to the products and the development of the Internet, users fromOpen, profit required to go through a training period in the market, its characteristics and Dai zhikang described industrial chain of angels Word, would be similar: "kill the pig raising, and the sell. "The beginning, Li Yang is also recognised Yang's business philosophy, and also because the product is a strong Association of the two companies, represented by Lee's company, its products can also give Yang's company free service by the customer,Bring strong added value services. "But what about the results, I worked hard to make product, accumulation of Word of mouth, into user using my products, pop-up pages, product images are erected and sheep company of Lee. Also, because he is not mature enough, kind of like buying a bottle of Rejoice, take you to another brand of shampoo – the gift brings more dandruff."Sheep Lee pushed his companies product, brings users in wave after wave of negative comments on the Internet, Yang Li, said:" our people watching this stuff on a daily basis, you say what they think, what does this company do things, not good to push strong. "Experience the past, Yang Li a feeling is that entrepreneurs and angel investors in people talking about a relationship," commitmentCan achieve, can target the same piece, and entering the marriage, to see the kind of tacit understanding between people and people. "Dai zhikang when seen, when he is working on will follow new webmasters Congress held in Beijing. Two years ago, changes acquired by Tencent. "Venture capital for several years, was a very lonely process, you often encounter the kind of emotion that cannot be restrained. AndAngel investors, ideally each other I can confidentially discuss some questions, true and honest communication, and angel investors typically experience rich, if there is no conceptual difference, he can be of real help to the entrepreneurs. "The afternoon see Wang Tao, we talk time is not too long. He looked a bit lost, but also show moments. "2Months after a company, does not rule out doing the same thing, to regain my lost things. "In offices located in Zhongguancun, Dai zhikang sat on the sofa for a few cigarettes, he said:" China is a jungle community, founders of speculation, there is speculation of angels sth "(requested by the respondents, this addition to the Dai zhikang are aliased)
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