Employers
Investor: AI -> VC -> PE -> IB -> IPO
AI: Angel Investment, angel investors
VC: Venture Capital, the venture capital
PE: Private Equity, private equity funds, 2 to 3 years of company
IB: Investment Banking, investment banks, to help the market, after acquiring a certain amount of public financing as a fee.
Rounds
Angel: Verify your needs, Seeds: verification solution, A round: Verify the business model, B round: verify that the growth, C Wheel: Building barriers.
| Rounds | The amount of financing | aims |
| Seed / angel | 1000000 | Validation requirements, solutions |
| A | 10 million | Verify the business model |
| B | 100000000 | Scale |
| C | 1000000000 | Build barriers, market share |
| IPO | 10 billion | profit |
- Seeds : no team, only the idea, the founder of 1-2, to a sum of money. Investment of 100-300 ten thousand yuan range, to help start the company. Valuation of the company will not be more than 15 million yuan.
- Angel : With the basic team, about 3-5 people, do some time, the product soon to Demo, you can see inside. Investment of 300-600 million and valuation of about 15 to 30 million yuan. Seed, angel round, as the name suggests is a very early stage of the company, may be just a idea, no real go this time VC institutions generally look at the background of entrepreneurs, the vision, but the most important thing is personal background, if you are a has been very cattle people, then you will certainly be very high valuation angel round, such as seeds used car angel round will be able to get $ 60 million in financing, because Chung Yang Hao had the experience of previous industry record of success, even if he was also made to slag investment.
- A-the Pre : A round before the final round, the product has been on the line, but there are not many data performance, financial need money to support the team to continue verification. Financing 600-1000 yuan, the company valuation of 3000-5000 yuan.
- A round : the basic product models have been run through, to continue to expand the amount of capital required. Financing 1000-3000 yuan, the company valuation of about 50 million - 150 million yuan. A round of startups fact is, there are a lot of qualifications, someone's veins, by themselves or founding team to get the angel round, take the money really is time to VC A round, Series A corporate identity is already a prototype, you can get the face of the user on the market, but basically no revenue or income is very small, similar companies have millet, peace good doctor, etc., are all the products got the a round, but the company is not profitable; this time investors or more value entrepreneurs qualifications background, but this time will see some market prospects, as well as the company's vision.
- Series B : The product has quickly on the amount you need to verify the business model, namely the ability to make money. Financing at this stage between 10 million to 30 million US dollars, the company's valuation at about 3-6 200 million yuan. B round company is relatively mature, there are relatively clear profit model, but if in fact profit is still relatively small, this time the VC institutions but will fancy your business model, application scenarios, as well as your population coverage.
- Series C : a successful business model verification, overwhelming opponents by the amount of the capital, as it has been validated scale earning power, so in theory should be the last round of financing. C and C round after round of the company's valuation is difficult to predict, it can only be used profitability as a measure of scale. Basically rely on financing to talk about, rely on their assessed according to their own business development forecast of the financial statements. To the C round and the chance of future survival will be much larger, but after the C round usually see your profitability, and if a good company's market prospects, such as pieces of such a company, because its wide coverage, application scenarios wide, high market share, even if it is not profitable, there will be a bunch of VC institutions rush to vote.
- The IPO-the Pre : In order to solve the company reported last will and need cash before being mergers and acquisitions, financing carried out, this time most need is to have the resources of investors, not just financial investors, as well as brokerage investment bank enterprise business to sort out, for the enterprises to enter the capital markets and mergers and acquisitions to prepare.
