Huike Capital Qiu Dagen: Some start-ups have not raised funds for more than 15 months to promote the improvement of the innovation capital chain

Financial News

Written by: Kuang Yueting

2020-05-20 19:28

The coronary pneumonia epidemic lasted for many months, hitting the global economy, the economy entered the cold winter, and many startups were even caught in financial difficulties. Qiu Dagan, convenor of the private think tank IF (Innovate for Future) and co-founder of Huike Capital, said that the next few months will be a more challenging period for start-ups, because the general start-up financing is only enough to use 18 to 24 months. After the outbreak of the campaign, the investor sentiment has begun to weaken, and now it is getting worse. Some start-ups have not raised financing for more than 15 months. "The economy has its highs and lows, but do n’t think about the company ’s failure due to financial difficulties." The Science and Technology Capital Chain introduces more quality private investors.

Ni Yili, member of IF and president of McKinsey Greater China, believes that under the epidemic, more people are using new technologies, including: online learning and online medical care, which is now an important turning point for innovation. Unfortunately, because of the uncertain economic prospects, market investment intentions have been greatly reduced It is estimated that Hong Kong's innovation and technological enterprises will experience the dilemma of the explosion of science and technology in 2000 and the drying up of funds in SARS. In order to avoid the past efforts of the Hong Kong government to cultivate innovation and technology, the Cyberport Investment Venture Fund and the Hong Kong Science and Technology Park Venture Capital Fund, increase the scale of the fund, and provide seed round, A round, and even later stage financing.

Not too worried about Google's submarine cable not passing through Hong Kong

As Sino-US trade frictions intensify, Qiu Dagen feels that there is a dangerous opportunity to do business. For example, the epidemic situation is a business opportunity for biotechnology companies, and the Sino-US trade war may cause global enterprises to shift from globalization to each country with its own industry. Leaders, especially big data and biotechnology companies. Ni Yili said that Google ’s submarine cable does not pass through Hong Kong because he is not too worried because Hong Kong ’s biggest competitive advantage is the company and its talents. If the company ’s products are well done, they can be sold all over the world.

Qiu Dagen pointed out that the Sino-US trade war may make global enterprises global. (Photo by Lu Yiming)

In the start-up market, the shared office Wework fell into financial difficulties in recent months, and Ruixing Coffee ’s financial fraud occurred. Qiu Dagen admitted that there is no way to doubt the shared office ’s operating model. No matter whether the market conditions are good or bad, there will be victims. "He emphasized that if financial fraud is unacceptable, it will have a negative impact on the entire industry. Such individual incidents will also hit Chinese companies to" go out ". pace.

[Interview] Qiu Dagan, a "treasure hunter" of IT companies in the face of cold start-up financing: there are always wonderful flowers against the market

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