Global platform of American KPCB venture capital company

Even the venture capital careers of Zhou Zhixiong and Ru Qi Lin are strikingly similar. Zhou Rudu entered the field of venture capital in

Global platform of American KPCB venture capital company

Even the venture capital careers of Zhou Zhixiong and Ru Qi Lin are strikingly similar. Zhou Rudu entered the field of venture capital in China on 1999; After that, both of them have a series of successful investment cases. Well-known enterprises such as Alibaba, Xicheng Media, Baidu, Focus Media, Huayou Century, etc. During Safran, Zhou Zhixiong participated in many well-known investment cases such as Shanda Network, Acorn International, ATA, Worldcore Electronics, UnionPay Business, and Global IELTS. In venture capital, Zhou Ru is a famous workaholic.

Even the original platforms of Zhou Zhixiong and Ru Qi Lin are independent, with a difference of 1 month. In June 2005, the management team of Softbank Asia Information Infrastructure Fund, to which Zhou Zhixiong belonged at that time, achieved independence by raising Safran Investment Fund of 643 million US dollars. 1 month later, in July, 2005, the original investment team led by Ru successfully changed the acronym of technology development fund from Tina (Ru), David (Xu Chuan) and Zhong Xiaolin () by raising TDF China Fund II with the scale of 65,438+300 million US dollars.

So far, the independence of Safran and TDF is a milestone in the development history of venture capital in China.

However, in less than two years, He Ru once again stood on the podium of "others". Have they returned to the starting point?

Any major decision and action is to solve specific major problems: for example, independence in that year solved the problem of investment decision-making power and benefit distribution; So what problems will be solved by the "merger" of Zhou Zhixiong, Confucianism, Qi Lin and KPCB?

China is increasingly becoming a part of the global economy. While more and more enterprises are rapidly growing into domestic oligarchs, a considerable number of enterprises are seeking ways to survive and develop on a global scale. This is a great challenge for our generation and a rare historical opportunity. "This trend of enterprise development in China needs a strong global venture capital platform to provide better services for it."

"In the past, we all had some good success stories, and we all had a good record of helping small start-ups develop into industry leaders. But we hope that these enterprises will also become leading enterprises in the world in the future. " Ruhe has repeatedly said frankly, "We feel that our resources are not enough. We hope to use KPCB's global resources to help more China enterprises enter the world market and truly dominate the world. "

In fact, without such a combination, KPCB can do well in the United States, and Huaying Fund and Zhou Zhixiong can also do well in China. Ru Qi Lin explained her choice, "We hope to build the best platform to serve entrepreneurs. As for whether it is called TDF or Peng Kaihua Ying, this is not the most important thing. "

It's hard to say who is still working for whom for Ru Qi Lin, Zhou Zhixiong and John Dole. "KPCB and Peng Kaihua Ying brand belong to our entire partner team". Zhou Zhixiong, who had been dormant for half a year, got excited. "Starting today, I will have the opportunity to realize my dream-to build a long-term and powerful global venture capital platform. By creating Peng Kaihua Ying, we can help entrepreneurs and entrepreneurs make more attempts and have a greater impact on innovation, technology and enterprises. "

External TMT

John Doyle has always been my idol. Zhou Zhixiong recalled, "It was only then that we were still far from him."

The first informal contact between Zhou Zhixiong and John Dole was in the summer of 2005. But the real substantive contact between the two sides began after leaving Safran in the week of 2007. In March 2007, Zhou Zhixiong, KPCB and Huaying quickly reached a cooperation agreement. The reason why the agreement was reached so quickly is that "the other party is their best choice" for all parties to the cooperation.

On April 20th, 2007, Peng Kaihua Ying Venture Capital Fund I named after KP+ Hua Ying was formally raised. The scale of Peng Kaihua Ying Venture Capital Fund I is US$ 360 million, almost twice that of Sequoia Capital China. When Sequoia Capital China was founded, there were only two partners; Peng Kaihua Ying currently has four partners, twice as many as the former.

The LPs of the first phase of Peng Kaihua Ying Venture Capital Fund are basically the existing LPs of KPCB (mainly composed of university foundations and charitable foundations), including some new LPs from Asia and even China. This is the first time that KPCB has added a new LP since 15.

Rich LP resources are only one factor that Ru Qi Lin and Zhou Zhixiong take a fancy to KPCB. "Brand, values, partners' entrepreneurial background, network resources, industry knowledge and other global resources" are all words repeatedly mentioned by Ruzhou when answering why he chose to cooperate with KPCB.

"KPCB's ability to foresee and grasp the global industrial development trend is priceless to China venture capitalists and entrepreneurs." In response to the accelerating pace of urbanization and the approaching energy crisis in the world, in February 2006, KPCB successively raised and completed the epidemic and biological defense fund with a scale of 200 million US dollars, and promised to allocate at least 654.38 billion US dollars in the fund for investment in the field of "green technology".

Since 1997, KPCB has supported the growth of more than 100 medical and health enterprises including Genentech.

Although TMT (telecommunications, media, science and technology) is still the focus of VC's attention in China, urbanization, environmental deterioration and consumption upgrading are increasingly becoming common words when people describe China's economic growth, which provides a rare opportunity for KPCB to transplant its accumulated experience and resources in health, energy and other related industries in the United States to China.

In addition to traditional hot areas such as science and technology, Internet, media and mobile communication, Kaipeng Huaying Investment Team will also pay attention to emerging consumer industries, medical care, green technology and other areas that are still in the initial stage of investment in China.

"TDF has also invested in some companies in the fields of consumer goods, health care and green technology." In fact, it is in the process of investing in PPG that Ru Qi Lin and KPCB deeply feel that "their values and development goals are highly compatible". Headquartered in Shanghai, PPG is an enterprise that sells high-quality clothing and household products to consumers all over the world through the Internet, catalogue and telephone call center.

In April, 2007, PPG became the third enterprise invested by KPCB American team in China after Venus and Goldtech Software. At the same time, PPG is also the first enterprise jointly invested by KPCB American team and Huaying team.