Zheng Yuwu, founder of Chaoyong Oriental, is a 2011 graduate of the International Business School of Tianjin Foreign Studies University, a highly insightful and executive business student.
The first venture was the establishment of Xueba Education Information Consulting Co., Ltd. in Tianjin during the second year of the sophomore year. It was mainly for middle school students with intermediate grades in mathematics, English, and physics. In just two months, students will be graded. From the countdown to the first grade.
The entrepreneurial process is not smooth sailing. At the beginning, the preparation of funds is difficult, the teachers are insufficient, and students are difficult to enroll.
In order to open this situation, he clearly positioned the student population and fully prepared the course. From the student population, only students with intermediate level of academic achievement are selected to teach, and students are taught and improved from the course learning method to the learning attitude. Firstly, the mode of post-teaching fee is opened, and the quality of teaching is improved. On the guarantee, the realization of a holiday will improve the student's mathematics score from the failure to the perfect score, and the student will become the first grade from the middle and lower level of the class. As a result, the dilemma of the entire enrollment was quickly opened, and the number of students enrolled was endless.
Zheng Yuwu after graduation
After graduating, he first entered the Internet finance company as a product manager. He was mainly responsible for channel construction and product design in the early childhood education field and the kindergarten market. During the project, two projects were discovered.
The first is the fee-based SaaS system of the kindergarten campus, which integrates through existing resource channels to realize the paperless and convenient campus charging, greatly improving the efficiency of kindergarten fees, and participating in the Tsinghua MBA Entrepreneurship Competition with this project. Successfully advanced to the semi-finals. Judging from the results of the competition and the evaluation of the project of Saturn Education Group, the project has a very strong feasibility. It cuts through the kindergarten toll system and creates the funds flowing into and out of the network of the kindergarten system, thus creating the most direct Student and parental traffic portal. It was a pity that he only graduated for one year. The lack of experience, funds and various support made him choose to continue his work.
In the same month of the same year, Zhao Guofeng, the founder of Xi'an School, began to prepare for the project and carried out the operation and market entry of the company in almost the same way. In just one year, the company has grown rapidly, from a small number of initial teams to a team of 100 people, and cooperated with Ant Financial, with a valuation of 400 million yuan. This project made him more aware of the importance of accurately identifying the project opportunities and grasping the project's first-mover advantage.
The second project is the training of technicians in the field of VR virtual reality. Since 2015, there has been an explosive growth in the VR field. Software and hardware equipment companies and content operation companies have appeared in batches and quickly obtained financing. However, the technical staff presented at the same time is: the average level of technical personnel, the average salary. It is 1.5 times the average salary of other jobs. At one time, there was a situation where the level of technicians was low but the salary was high, and the technicians were seriously under-supplied.
In the second year of graduation, the offer of the deputy general manager of the Newton Education brand was indeed tempting. The monthly salary rose from 10,000 after graduation to 30,000. After two nights, he decided to give up this opportunity to invest in Jingbei as an investment manager. "This path may grow faster." A voice is getting clearer in the bottom of my heart, so he did not return to the Zhongguancun Dream Lab.
During his investment in Jingbei, he carried out project screening and knowledge acquisition at an extraordinary speed and scale. He achieved 574 projects in one year, with an average of 2.3 projects per working day, recommended for the company within one year and excavated by other institutions. Achieved 14, equivalent to a small fund for 1 year of investment.
He is currently a pioneering tutor at Tsinghua University, Peking University, Beijing University of Aeronautics and Astronautics and Zhongguancun Chuangke Town. The iconic cases are:
VRstar: VR training, gaining 5 million angel investments from the contemporary group;
Mars Club: K12 stage Maker education, was awarded 20 million by Shun;
Chair network: short video and live recruitment, voted 12.6 million (one vote for 1 vote with 10 votes against, sorry to miss);
猿 Circle: Programmer online programming test, won the strategic investment of Zhilian and Recruite, the world's second largest recruitment platform;
Gitchat: IT knowledge sharing products based on WeChat platform, received the real fund leader, and the dream catcher fund and investment;
Exam Star: Online exam SaaS service, Beijing North Investment and Chuangmeng Investment, Mingde Angel Investment, currently more than 300 world top 500 and national prefix paying customers, start A round of financing in 2018;
Shan State Digital: Electronic digital detonator, which was invested by Beijing North 2 million angels, and the contract amount of single-season contract in the third quarter of 2017 exceeded 15 million;
Private equity funds have achieved rapid development since 2000, and the number has reached 30,000. However, with the tightening of supervision and the improvement of industry thresholds, the current private equity fund operation is not standardized, the investment risk is insufficiently dispersed, and the interests of investors are The problem of not being guaranteed is also exposed. In 2017, the number of private equity funds fell to 20,000. 70% of the funds failed after the initial fundraising, and the top 10 head funds controlled nearly 80% of the market. It is difficult for small funds to have room for survival. At the same time, however, first-line institutions such as Zhenge Fund have the opportunity to screen 140,000 projects each year. Overall, only 2% of projects can get investment. Nearly 98% of the companies in the industry are unable to get investment in this wave of “double innovation”, which is difficult to sustain. The whole industry presents the difficulty of financing difficulties for startup companies and difficulties in fund investment.
The second venture was after leaving Jingbei Investment.
He founded Beijing Chaoyong Oriental Technology Co., Ltd., dedicated to the intelligentization of early equity investment and the market power of technology projects. Through the combination of artificial intelligence and big data, we can establish multi-dimensional dynamic information images of entrepreneurial enterprises and investment thermal maps, so that ordinary investors can more comprehensively and conveniently evaluate and recognize the projects they invest in from the perspective of investors.
In October 2017, the company won the shareholding of Zhongguancun Chuangke Town in China National Demonstration Zone, and it is expected to become the first financial technology platform in the country to focus on early equity investment. This time, the pace of entrepreneurial progress was particularly rapid. From the signing of the venue to the completion of the renovation, it took only 23 days to complete the renovation of the company's 597 square meters, far exceeding the renovation speed of any one. After the renovation, I started to contact the project, and completed the cooperation signing of 5 projects within 1 month: the Chinese Academy of Sciences to do indoor WiFi positioning, the Chinese Academy of Sciences, the online education combined with artificial intelligence, the English system developer Tiantian Excellence (Magic Academy), and ants The fee-based SaaS provider of the strategic cooperation of the Golden Service is easy to accept, and the young willpower training program of Dr. Huang Wei of the Institute of Psychology of the Chinese Academy of Sciences is the same. In these project cooperation, Chaoyong East makes full use of its advantages in investment analysis, strategic positioning, market business design and market promotion to help a group of early projects quickly enter the fast lane, and these projects are also the first batch of assistance from Chaoyong East. s project.
The venture focused on venture capital and was the first platform to combine artificial intelligence with equity investment and focus on early project investment. He said that in this venture, Chaoyong East had to complete the following tasks: