What does the angel wheel abcd wheel mean?

Angel wheel, A wheel, B wheel, C wheel and D wheel are terms in the field of venture capital, which are used to describe enterprise financing at different stages.

1, Angel Wheel: This is the first stage for start-ups to obtain venture capital. Usually, enterprises at this stage have not yet achieved profitability, but they already have a preliminary business model and business plan. Angel investors usually come from personal savings or family wealth, and they are willing to take higher risks to support potential entrepreneurial projects.

2. Round A: At this stage, the enterprise has passed the initial stage, the business model and business plan are relatively mature, and there are already some customers and income. A round of financing is usually carried out by venture capital companies, with the purpose of helping enterprises expand their scale and further promote products or services.

3. Round B: The enterprises at this stage have already reached a considerable scale and are growing rapidly. They usually have a large number of customers and income, but they still need funds to support their expansion plans. B round of financing is usually also carried out by venture capital companies.

4. Round C: The enterprises at this stage are very mature, and their business models and business plans are very stable. They usually have a large number of customers and income, and are seeking more funds to support their expansion plans and further development. Series C financing is usually carried out by private equity firms.

5. Round D: The enterprise at this stage has been very successful, its business model and business plan have been very stable, and it is seeking more funds to support its expansion plan and further development. Series D financing is usually also conducted by private equity firms.

The form of enterprise's A round financing;

1, large capital demand: A round of financing is a key stage of enterprise development, and usually requires a lot of funds to support its expansion plan and business development. Therefore, the capital demand of round A financing is usually greater than that of angel round and seed round.

2. Investor specialization: Compared with angel round and seed round, investors in Series A financing are usually more specialized. They are usually venture capital companies or professional investors with rich investment experience. These investors usually have rich industry experience and investment experience, and can provide more guidance and support for enterprises.

3. Perfect business plan: In the A stage, the business plan of the enterprise is usually perfect, with a clear expansion plan and business model, and has achieved certain customers and income. This shows that the enterprise has passed the initial stage and is developing towards maturity.

4. High risk and high return: As the A-stage enterprises are still in the early stage of development, the operating risks are relatively high. However, if an enterprise can successfully realize its business plan, its future return potential is relatively high. Therefore, A-round investment has the characteristics of high risk and high return.