each intern reporter Zhang Shoulin each edited by Yao Maodun
"years ago, angel investment rapid development, will inevitably leave some bad things, especially the angel investment, (related parties will consider) A can get B round round? OK? How about our investment effect?" in December 1st, "2016 Chinese Angel Investment Summit, China the fund industry association secretary general Jia Hongbo (micro-blog) expressed concern on the current venture capital market.
statistics show that as of the end of October this year, Chinese registered in the Securities Industry Association fund equity funds reached 7769, including venture capital fund managers 1216. And go to the beginning of the year, this data is 552. In other words, more than a year, the number of venture capital fund has doubled.
insiders said that too many investment institutions on the market, the professional level of some institutions have been questioned. At the same time, the increasing number of institutions have also pushed up the valuation of the project, resulting in the next round of funding can not be connected.
for investment institutions continue to increase, the future will be a mechanism of extrusion, ener Angel Fund founding partner Li Zhu told the "daily economic news" reporter, investment institutions face do not survive is entirely possible. In fact, the most profitable is about 10% institutions, earned the entire market 80%~90% money. Angel investors face higher risk."
institutions soared to push up the project valuation
statistics show that as of the end of October this year, Chinese registered in the Securities Industry Association fund equity funds reached 7769, including venture capital fund managers 1216. In early 2015, venture capital fund managers only 552. That is more than a year, the number of venture capital fund has doubled.
With the surge in the number of
investment institutions, industry insiders on the professional level of the investment market questioned, "now has more than 12 thousand active private equity fund, said most institutions inside this ability is particularly good, I do not believe." Yuan Runbing, executive vice president of the Qing group, said at the summit.
in 2011, there are 3000 private institutions, and the European and American market is 5 times. At that time, there was a point of view, it may be a few years, the number will be drastically reduced, unfortunately, after 5 years, the number of our several fold." Yuan Runbing think.
did not make the investment, suddenly turned, have experienced several cycles of baptism, have not experienced a whole equity investment fund pipe annealing process, and large quantities of projects of life and death, many teams can only follow the market to go tuyere." Yuan Runbing believes that this will bring acceleration effect. In other words, it may be a vote for others, the effect is good, a large number of funds immediately poured in, tuyere formation. However, after second years to find the funds can not be connected, and then weaken the tuyere.
at the same time, with the increase in investment institutions, in the context of increased competition