The Southern Newspaper Network interview, Victor Tang : Do a grassroots investors and entrepreneurs in the transformers
Tang Tao ( Victor Tong ): Tang Wangjia angel investment venture capital and a founding partner, from the angel investment family, has rich experience in 17 years at home and abroad, angel investment, have been " entrepreneur " magazine as one of ten " new angel ". Founded in 1994, Jia predecessor in Minnesota (TIM ), Pacific network from the split in 2000 successfully login Nasdaq, 2002-2008 president and CEO listing Corporation. In 1999, as Minnesota's future business and community leaders, "City Business 40 Under 40 " the youngest winner Award; 2008, be " global gaming magazine " named 25 industry elite, one of the most popular.
Founded in 1994, the company successfully logged in 2000, NASDAQ; 1995 involved in investment field, in March this year published " angel investment " view -- in Tang Tao himself, he is an angel investor, is also an entrepreneur. In May 4th, Tang Taolai Ning, visit Nanjing garage coffee -- " China venture market ", and entrepreneurs to share his business and investment experience, and accepted the reporter an exclusive interview with Southern Newspaper network. The United States of America angel investment concept, China has mostly project startup Reporter: what is the angel investment, with VC, PE? Tang Tao: angel investment are some basic personal behavior, as an equity investment into some start-ups, like VC, PE difference is the relatively low amount, hundreds of thousands or shares, but VC is in millions of dollars at least, that is about 6000000 RMB. For the start-up period of enterprises, or to the angel investment. In the United States, a lot of angel investment projects without any products or only a concept, but in China, because more projects, angel investment is little, so the investment is mostly a project product start-ups. Reporter: I heard that you had been a successful entrepreneur, why choose to do investment? Tang Tao: I venture began in 1994, experienced a period of very difficult start-up stage. Entrepreneurs have to endure hardships, suffering and lonely people cannot understand. The United States has 20-30 million angel investors, while China may actually do the 100 angel investment is less than. So I choose to do angel investment in business at the same time, hope to help more entrepreneurs start-up period. Investment company is early married young, need optimism and confidence Reporter: in order to avoid risks, a lot of people to choose investment mature company, do better work, why do you choose to startups? Tang Tao: vote early, like early marriage, need optimism and confidence. In fact, entrepreneurs is their biggest and most of the angels, the second input is entrepreneurial team and friends, devoted his savings, hard work and valuable time. Even if you don't put your energy, and continue to strengthen their own entrepreneurs, there is no other people will favor. Reporter: 10 years of angel investment, performance? Tang Tao: difficult investment in startups and entrepreneurship, the United States 80% start-ups fail, so is China, risks. These years I voted for the forty or fifty projects, win lose less, of which there are two companies have been listed. Reporter: as an angel investor, what is the biggest factor can make you money, is a perfect business plan, or something else? Tang Tao: I know the investor is basically do not look at the business plan. If let me sort, my idea is innovation, people, risk. In the final analysis, angel investment love is creative and innovative products, can create ten times, hundreds of times, even thousands of times the miracle, is be worthy of the name of the four two dial one thousand jins. Good business, every two years to creative destruction, let a new creative products to destroy the old ideas, such as apple products. In addition, angel investment also emphasized the importance of the entrepreneurs themselves, if entrepreneurs have technology, but not marketing, I will see if he can complement each other in the marketing team. Need to prepare 3 different versions of the promotion of elevator Reporter: for entrepreneurs, how to look for investors? Tang Tao: I often hear entrepreneurs said, everything is ready except one crucial element. If the wait for Dongfeng attitude for financing, then I am afraid for a long time not blowing wind. Entrepreneurs should learn how to summon wind and call for rain. There is no free lunch, the only win-win project. Just like you in the first date with my girlfriend before, had better know what she likes, what don't like, so as to get the purpose of mutual appreciation. Entrepreneurs to obtain investment, investors must also be integrated into the circle. I once asked an American investor, why dare to invest in a business, he replied: " I went to the same church with them, our kids go to the same school, also often go to the same club, they won't hang me. " Don't look for those without a job, standing in the foreign investors with game theory. Reporter: if found investors, how to persuade him to invest? Tang Tao: entrepreneurs need to do " elevator pitch ", namely the entrepreneurs to complete the process of selling their own values and business philosophy to the angel investor in the elevator time. The success of the elevator pitch to be interesting, attractive. Speak with the 50-300 words have passion in different situations. In addition, start-ups should prepare at least 4 versions of the promotion of the elevator: 15 seconds, 1 minutes, 5 minutes and 15 minutes, and then repeated practice, in order to seize the opportunity to promote different.
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