Risk investment is destined to be a game of a few people, especially in the situation of downward this year.Many investment institutions have begun to adjust their directions and even retreat. Oak Grove & ENSP; & ENSP; Ventures, a new fund, has moved against the trend.
Recently, Oak Group Ventures has announced the launch of a $ 60 million scale venture capital fund, which will focus on early project investment in cutting -edge technologies such as Web & ENSP; & ENSP; 3.0, AI and Biotechnology.
Similar to many entrepreneurs’ investment in the investment starting from angel investment, Oak Grove & ENSP; & ENSP; Ventures currently focuses on investment and incubation startups, but the investment mechanism is different from many venture capital institutions: there is no investment committee, and the project review system is used;Investment is successfully issued to the investment manager to encourage investment managers to follow the project; not to simply link resources, but to teach startups how to build their own projects more professional.
The exploration of these models seems to show that no matter whether the investment decision -making mechanism, investment incentive mechanism, or even post -investment management, Oak Grove & ENSP; & ENSP; Ventures is in a new way into the venture capital industry.This kind of road that does not invest in traditional risk investment is to find the way to find the optimal solution according to the path of the entrepreneur designing products.The unique growth path does not seem to be so strange.
When most children are still in junior high school, Shawn & ENSP; & ENSP; Shi has become a blogger and become famous.At the age of everyone to compete for the college entrance examination, he ran away from home and started a journey of entrepreneurship at the age of 18.In the next ten years, he tried to start a business opportunity for Weibo, new media and other content, eventually cut into fintech, and established a cryptocurrency payment company Alchemy & ENSP; & ENSP; Pay.
A frustrating detail is that he also encountered unreliable partners, all & ent; & ENSP; in entrepreneurial, but all of them were cheated.When he invested funds to a longer -term fund field, he found that the performance of the fund manager was unbearable, and he invested in the end, so he had Oak GROVE & ENSP; & ENSP; Ventures.Also named after a road in the United States (the streets where their office is located).
If you do n’t understand it carefully, it is difficult to associate the same person in the new media era of Shawn Shi and Oak Grove Ventures.It is hard to imagine that the founder wrote the secrets of "Growth Growth" ten years ago, and discussed the "Opportunities for Commercial Application in AIGC Times" ten years later.
From 2011 to 2023, in these twelve years, his life and work have repeatedly transformed:
In 2011, at the age of 17, he started to start a business, and made a Weibo KOL institution (similar to later MCN) to earn the first bucket of gold in life; later he entered the world’s largest Internet security company 360 company market center as Internet marketing.People, then at the age of "intern", became the youngest department manager of 360; after leaving a large factory, they went to start a business and became the co -founder of the startup company.After experiencing various equity changes and office incidents, he was determined to withdraw and travel around the world to disperse; he started to travel around in Europe, and finally went to the Czech Prague.Make money while writing works and become a text worker.Soon, I found that I didn’t like such a life & mdash; & mdash; This is a fantasy life when I was a kid, but it is not suitable for myself today.Pune Stock
"The friends around him were gone, and his ability to work was declining. It felt as if he had lost a link with the world." Anxiety followed, so he decided to return to China to find a job again.At this point, the byte beating stretched out an olive branch to him.The founder Zhang Yiming, and Chen Lin, who later became the CEO of today’s headline, and Zhang Nan, who later became Douyin CEO, talked to him for more than 20 hours, hoping that he would go to the headline.He agreed first, but he didn’t go in the end."At that time, I had a vague feeling, and there would be a new life." He didn’t want to continue to do content. The core reason was that the content relied on the platform more. He wanted to find areas with long -term value.
He decided to go to the field of fintech.He went to Zhongan Technology and served as the vice president of Zhongan Technology. Later, his parent company Zhongan online was listed on Hong Kong, with a market value of more than 100 billion Hong Kong dollars.
A year later, the heart of entrepreneurship sprouted again.This time, he once again embarked on the road to entrepreneurship. Unexpectedly, all the assets were deceived by unreliable partners.
At this time, it was already 2018.Walking on the edge of the collapse, he met a person who was similar to him, and the two started a business together in comforting each other.Five years later, today’s Alchemy & ENSP; & ENSP; Pay has become the head company in the field of cryptocurrency payment.
Shi Xiang recalled that 2018 is a watershed."Before 2018, I was pushed away by fate. After 2018, I was my own active choice."
As Alchemy Pay has achieved initial success in the global market.Shawn Shi invested funds into a long -term fund, hoping to get more long -term value.
He first became the LP of many institutions.From the current information disclosed by Oak GROVE Ventures, it has invested in eight funds including Nomad Capital, Metaweb & ENSP; & ENSP; Ventures, and Uphonest Capital, with a total investment of more than 15 million US dollars.
Only LP also has troubles."Many investment institutions are grass platforms. The level of investment managers is uneven. Most of them lack industrial experience, or they have been very powerful, but they cannot keep up with the changes in the times, and there is no scientific project screening process."
Shawn & ENSP; & ENSP; shi found that his previous personal angel’s yield was far better than many funds."I know the industry, can provide more help to entrepreneurs, I can also talk about better prices, and I can use a more scientific system and way to find the project. Why do I do it myself?" HeStart trying an institutional venture capital.Risk investment is mainly four key links: fundraising, investment, management, and retreat.OAK & ENSP; & ENSP; GROVE Ventures is born in the family office. It is currently invested by its own funds and does not need to raise funds.It saved the fundraising link, placed in front of Shawn & ENSP; & ENSP; Shi and his partner, and also a frame investment direction to explore the post -investment management mechanism.
Oak GROVE Ventures first anchored the early investment of startups. Each project invested 500,000 to 1 million US dollars. It was mainly concentrated in the angel wheels and mainly invested in three areas: Web & ENSP; & ENSP; 3.0, Artificial Intelligence and Biotechnology.
Oak Group Ventures does not pursue the careful layout of the Portfolio investment portfolio, and it focuses on the winning rate of the project. Of course, it also cares about the price.
"Ningning is missing, and one into one to ensure the success rate of each project. As long as you invest in those pairs." Shawn & ENSP; & ENSP; shi) emphasized that it is necessary to find the earliest and the best price team,The most nice project.How to find these projects and try their best to get rid of many limitations used by venture capital institutions, Oak Grove & ENSP; & ENSP; Ventures has designed different investment processes and mechanisms.
Investment institutions are different from the important characteristics of commercial companies, and they depend on the decisions of a soul figure or core partner. The unique wolf culture also has outstanding performance.But on the other side of this trait, when partners are unstable, this investment institution is also easy to collapse.SHAWN & ENSP; & ENSP; shi tries to use the system instead of the ability of partners to ensure that the fund has a continuous return.In terms of investment decisions, Oak Group & ENSP; & ENSP; Ventures did not adopt the investment committee model, but the project audit system.Jaipur Stock
In addition to Shawn Shi, Oak Grove Ventures partners include former Libra technical leaders Ethan W, Harmony Former CTO RJ & ENSP; & ENSP; Lan, former Cioinbase Vice President Michael Li, front light speed Indian assistant partner Zac Pan and SINO GLO in front of BalVP SALLY W & ENSP; & ENSP; and others.These people are also important members of IC.The three technical background partners and the company CTO, and the four formed technology ICs.SHAWN & ENSP; & ENSP; Shi and two partners form a non -technical IC.Each project review is scored by four IC members.If these four ICs disagree, look at the comments of the last three ICs.There is only four votes in favor of a project to have investment opportunities, and at least one vote must be from the approval votes from the technology IC.
At the other level, the efforts are to use investment incentives and investment managers and investment to stimulate enthusiasm, and try their best to avoid possible corruption in the investment managers.OAK GROVE & ENSP; & ENSP; Ventures takes 5%of the capital as Bonus when investing in a single project.Return.The project is not only strictly reviewed, but also high incentives.In this way, the pressure of investing managers has also become more cautious.If the project is successively, "it will also be very panicked. If the continuity is not, he may be opened."
From the side of the project, Oak Grove & ENSP; & ENSP; Ventures is also willing to give friends who recommend projects and successfully invest in rewards.Relatively speaking, the project introduced by friends also has some advantages: "Knowing how his background is, what basic level, there can be a very clear judgment; he also has a basic understanding of me, and the valuation is relatively flexible."
SHAWN & ENSP; & ENSP; Shi believes that investment institutions can establish a incubation system to systematically help startups from scratch.As an entrepreneur, there have been successful entrepreneurial experiences before, whether it is overall strategic sorting out, product design, marketing, brand establishment and financing.Even some project directions are good, but the market is not good. OAK & ENSP; & ENSP; GROVE Ventures will help him get started to do a SOP and help him to send it.
To some extent, Shawn Shi and his Oak GROVE & ENSP; & ENSP; Ventures partners are based on the efforts of increasing investment winning rates. The bottom levels are the pain caused by investment.
In the self -awareness of Shawn & ENSP; & ENSP; shi, how many investors are in pain: not so painful when suffering from investment losses; during the investment process, it is not as much as you find that you will feel pain and find that person will find that person.The level is far higher than you, but you will also be painful if you do n’t ignore it. After the project investment, you can do limited things, and you can only wait for growth and it is a bit painful.
"Investment is not a very happy thing." He felt more painful instead of pleasure.
Before he experienced the pain of investing in investment, his distress came from the long -term insistence of insisting on something (even if this was not his original intention).This unable to persist in the end also runs through his many entrepreneurial transitions.
By 2018, "persistence" became the most important goal of Shawn Shi.
Although I have made a lot of scores that are very shining out of outsiders in the past, the definition of Shawn & ENSP; & ENSP; Shi is "nothing to do."Forced to terminate."Maybe this can only be said to be the arrangement of fate." Shawn & ENSP; & ENSP; shi occasionally laughed at himself.
"Whether it is good or bad for starting a business this time, you must stick to it." "If you can’t stick to this time, it’s better to die." Shawn Shi recalled that he was doing Alchemy & ENSP; & ENSP;When Pay company, it was very difficult from 2018 to 2021. "No one recognizes it, it has not merged a penny, and the most difficult time to borrow money from friends.
There is a saying in "Overall War" inspired him, "The war ended with one side of the loss of battle."
Later, whenever he felt that he couldn’t hold on, he told himself not to give up the will of fighting.This is also the success of Alchemy Pay in the global market."In persistence for five years, Alchemy & ENSP; & ENSP; Pay’s success in the international market is not only in a secular sense, but more psychological to make himself a person who can persist in the end," said Shawn Shi.
"Web3 makes people closer to people. When we go to countries that are not familiar with Argentina, Turkey, wearing Alchemy & ENSP; & ENSP; Pay cultural shirts to participate in related activities. Often, some people will say hello to those of our team, which makes this allows people in our team.People feel very happy. "
In investment, such a happy moment also shines occasionally."For example, entrepreneurs do better than you want, or they are not very optimistic at first, but later I witnessed the growth of the other party."
OAK GROVE & ENSP; & ENSP; Ventures voted for Tesla CEO Musk’s two companies SpaceX and Neurallink.The logic of investing in these two companies is more like paying for dreams."Buying Musk’s stock seems to have a feeling that it also supports human cause."
Shawn Shi feels that it is difficult to help some people who need help like Musk.
In the past few years, he has helped more than 50 poverty -stricken students who funded the laboratory to study human health. During the epidemic, it was difficult to help college students who could not go home.He also plans to donate a project called "Dreaming Boy", providing funding for Gap & ENSP; Year, who has just graduated, so that young people with ideas can try to realize their dreams instead of finding a job as soon as they graduate."In essence, I hope I can do something to comfort myself."
Now, Shawn Shi relieves the pain of "finding the next person worth waiting for, keep looking, and keep looking."
To some extent, investment is a moment of accumulation for Shawn & ENSP; & ENSP; shi.He hopes to find things that deserve long -term adherence through investment.He is more like a watchmaker waiting for first -class projects.In other words, waiting for the entrepreneurial direction of first -class projects."I really want to find a bigger opportunity."
Shawn & ENSP; & ENSP; Shi hopes to be a super angel, capture some projects earlier, or find the group of people with entrepreneurial ability and entrepreneurial willingness in advance.As many investment institutions have done before, they lock up some executives of well -known projects in advance. Once these people leave and start a business, they can find them and then invest.
"Our goal hopes to be the first investor and entrepreneurial partner of the entrepreneurPune Wealth Management. If I can find an entrepreneur someday, I find that his project is very good.I would buy it without hesitation, just like Musk bought Tesla. "
"I am not old now, I still have a dream, and I believe that I can do better, and there must be someone who is worth waiting for."At the age of 40, he will experience a bigger entrepreneurial in the future, which can become a more powerful person.
Ahmedabad Wealth Management