2017 Exchange Conference of Zhejiang Capital Docking Silicon Valley sponsored by our company is ended successfully
Release time：2016-12-06

Eight VC bosses of Silicon Valley discuss the capital globalization with hundreds of Zhejiang businessmen

Discuss the methods that Zhejiang capital entering the core venture circle of Silicon Valley

In the afternoon of December 4th, 2016, the “Zhejiang Capital Globalization” - 2017 Exchange Conference of Zhejiang Capital Docking Silicon Valley sponsored by Li Yuan Group and Zhejiang Businessmen magazine was held in Hangzhou JW Marriott Hotel. Eight top investment experts of Silicon Valley, including Qasar Younis and Justin Kan, two partners of YCombinator (the Silicon Valley incubator having hatched Dropbox, Airbnb and other 6 unicorns), had done the exchange and sharing in the meeting. Hundreds of bosses of Zhejiang listed companies, investors, and other famous person in Zhejiang capital circle had participated in the Investment Event.

Zheng Li, chairman of Li Yuan Group said, “Since 2015, Li Yuan has started overseas layout, aimed at Silicon Valley, and has been in line with world class technology, talents and capital through capital, seeing the world from Silicon Valley……. has established the business model from Angel, VC, PE investment to private placement of listed companies, mergers and acquisitions and other financial whole industry chain, opened the integrative capital channel from the front-end to the back-end, which is able to serve the enterprises at any stage of development”.

In his speech, Zheng Li pointed out that the slogan of Li Yuan Group is “Give money to those who can make the most money, and let them help us earn more money; leave the resources to the competitive companies, so they can create more happiness for the world”.

Xie Feng, chairman of Li Yuan Venture Capital proposed that Zhejiang capital must know the present situation of Chinese investment and its position before entering the core circle of Silicon Valley. Firstly, at present, there are more than ten thousands active VC/PE institutions in China, the number may have exceeded that of United States, and the managed capital is 5 trillion, which is lower than that of United States, but ranks second in the world. Secondly, there is qualitative leap in market size, the industry is in unprecedented prosperity, and investors of all types and sizes are unprecedented active. Thirdly, globalization has become the consensus of China's outstanding venture capital, and it is the general trend in the United States, Israel, and Northern Europe. Fourthly, the operation model of venture capital is changed, so Chinese investors start to pay more attention to the industry, and pay attention to how to provide more value-added services to enterprises after investment. Fifthly, there are a lot of opportunities in New Three Board.

For the differences between Chinese investment and American investment and cut-in path, Valley Will Zheng, the CEO of LYVC company in Silicon Valley and the LP of a number of top venture capital institutions in Silicon specially initiated a themed dialogue to discuss these in forum.

Will Zheng thinks that the key to seek development in difference is that the Zhejiang capital should actively become "localized" in Silicon Valley, get out of the narrow Chinese circle, and  understand and integrate into American culture. Secondly, it should focus on building its own brand image.

Michael Neril said that the difference between Chinese venture capital and American venture capital is great, there is very few Chinese investors who understand Silicon Valley just like LYVC, and Silicon Valley's investment community is also willing to cooperate with such partner, because many large technology companies in America fail to enter the Chinese market, maybe cooperating with Chinese companies can easily enter the Chinese market, and some projects of Spider Capital  already have very successful cases in Beijing.

Will Zheng said that LYVC will be the window and bridge for Zhejiang businessmen to invest in Silicon Valley, and it will help Zhejiang capital better integrating into the core circle of Silicon Valley in view of LYVC’s existing accumulation on the core circle of Silicon Valley investment.

In view of the consensus of future opportunities in New Three Board, at this meeting, ICBC, Li Yuan Venture Capital, Huaho Capital, Weixing Stock, Shandong Cathay, Weihai Stock, Saishi Group, and other companies and institutions jointly launched “Ten Billion of New Three Board Innovation Fund”, and held the launching ceremony of “Three Billion Initial Fund in Ten Billion of New Three Board Innovation Fund”. The fund will be used for investing and supporting the IPO of New Three Board enterprises.