Ding Youfu Shi，Everything welcomes spring，188bet mobile past 2016，Regarded by many as a capital winter，But，Deep inside，But I have a different feeling，On the one hand, it is not difficult to raise a lot of institutional money，On the other hand，There are many early projects with high valuations，Then 2017，What will happen in this situation，I think so，There are three obvious signals that the investment community, especially the primary market, needs to pay attention to，Possibly，The sky is about to change。

The first signal is "In fact, there is no shortage of money 188bet mobile investment world"

As of the end of September 2016，Relevant statistics reveal that the scale of China’s government guidance funds has reached 3.3 trillion，It is estimated that there 188bet mobile be at least 3 by the end of last year.Scale of 8-4 trillion RMB。

I once introduced this number to the participating Silicon Valley venture capital community at Entrepreneurship State’s Innovation Silicon Valley Summit in September last year，Some Silicon Valley VCs at the scene felt that the decimal point of the number might be wrong 188bet mobile translation，Specially confirmed，Silicon Valley colleagues were stunned after confirming this number，This scale is equivalent to 20% of the entire UK GDP last year (the fifth largest 188bet mobile world in 2016)。

Since the beginning of 2015，The number and scale of domestic government guidance funds has shown explosive growth: 297 newly established government guidance funds were established throughout 2015，Fund size 15089.9.6 billion RMB，Respectively 2 188bet mobile number of guiding funds and fund size in 2014.83 times and 5.22 times；As 188bet mobile end of September 2016，The number and scale of newly established guidance funds in 2016 were close to the levels in 2015。

In fact, in this context，There is another signal，It is China’s banking industry that has begun to try the first batch of “Venture Capital and Loan” pilots，A large number of government guidance funds have entered the market，And the entry of traditional banking industry，In fact, it will make organizations feel that “raising funds seems easy”，Funds worth one billion or even tens of billions are becoming common 188bet mobile market，In other words，In fact, "more money"。

The second signal is "the money can't get out"

The most stringent foreign exchange control restrictions in recent years，Since the second half of last year，Everyone’s circle of friends has been flooded with various “foreign exchange control” news，Causing a lot of discussion among netizens，Rich people buy houses overseas，It seems difficult to buy insurance in Hong Kong，And domestic 188bet mobile channels are becoming increasingly narrow，Real estate soars after years，Obviously not the best 188bet mobile product，The tragedy of the secondary market in 2015 still leaves many people with lingering fears。

According to Hurun Report，There were nearly 1.5 million millionaires in China in 2016，Except for "Director Zhang, Li and his mistresses" in this group，There is also a large number of people born 188bet mobile 1960s who are eager to transform and invest，And those born 188bet mobile 1970s who grew up with BAT，These people are watching the rise of batches of Internet companies，A batch of BAT peers became executives or investors and became rich。

Also，Our 188bet mobile and financial management channels are becoming increasingly mature and diversified，Let a large part of this group of people begin to become the new LP group of the organization，That is to say, China’s angel investors and emerging LP groups have appeared in large scale for the first time。

The third signal is "speed to 188bet mobile has accelerated"

The number of monthly new share issuances increased month by month in 2016，Significant acceleration 188bet mobile second half of the year。

Starting from the later months of 2016，The company’s listing approval speed is accelerated and the private placement review speed is slowed down，We can see from public media reports that the speed of passing companies has accelerated significantly in recent months，A total of 227 A-share companies IPO listed in 2016，Although the registration system is still far away，But this speed has been likened to a "disguised registration system"，In other words，Going public 188bet mobile future is not the most difficult thing，And the price-earnings ratio will also return to rationality，There will not be a price-to-earnings ratio of hundreds of times。

Such results can also be seen through the statistical data of A shares in 2016，The PE value of A shares returned to 19 in 2016.82，The average market value of the 227 listed companies is 10.9 billion，According to the current exchange rate standard, 188bet mobile is 15.USD 800 million。

And another signal that we should pay attention to，It is the slowdown 188bet mobile review speed of fixed increase，After years of evolution，Public placement has become the most important means of refinancing for A-share listed companies，And this move，Make it impossible to pretend to have a concept at every turn，And we need truly high-quality assets。

The A-share market continues to release an important signal，Just find ways to keep more innovative companies in China instead of going to Hong Kong，Available 188bet mobile United States，Instead of like back then，The entire A-share market missed a generation of Internet companies。

These signals，Widening the river of the secondary market，The water level has dropped to a reasonable level，But don’t forget it，The water level 188bet mobile primary market has accumulated for many years，The rising tide has lifted all boats！

These three signals，It will bring about huge changes 188bet mobile investment world，2017 may be an important historical watershed 188bet mobile investment community。

These three obvious signals directly show:

"LP source added，There is more money 188bet mobile primary market，Secondary market valuation has decreased”

It will happen 188bet mobile future

What impact 188bet mobile this have on the next venture capital market，I judge，The following scenarios may occur:

01

First，A group of so-called unicorns 188bet mobile market 188bet mobile past 2-3 years will become lame beasts，In other words，A group of companies with valuations of over US billion or even higher cannot raise money。

188bet mobile past 2-3 years，Any company with a relatively hot venture capital concept such as the sharing economy，Big data，Artificial Intelligence，Blockchain，Unmanned driving，Easy valuations of hundreds of millions or even billions of dollars，However, large-scale product launch and profitability are far away，The venture capital circle is very prosperous to the outside world，He always talks about how many times his profits have been，That’s on paper，And those that can truly be withdrawn or completely converted into liquidity，There are very few who dare to speak out。

Founders of quite a few high-tech companies，188bet mobile is easy to do a high valuation financing in a moment of excitement，But the ability to continue financing is ignored，Unless you get enough money in one financing to spend 188bet mobile all，Otherwise, 188bet mobile’s like a beginner skier excitedly riding the cable car up the advanced trail，The next choice is destined to be tragic。

188bet mobile next few years，Being acquired by A-share companies will become the main exit channel for some highly valued companies，We can compare the average market capitalization of A-share companies with recent IPOs at around 10 billion，So if some growth companies want to go public through mergers and acquisitions，Quite a few may be “discounted”，Otherwise it means the embarrassing situation of not being able to raise money。

02

Secondly，The stage sequence distribution of the entire investment community is clearer，Angel Branding，VC PE，The rise of CVC will become a new pattern 188bet mobile investment community，And the pepper-sprinkling institutions were eliminated。

Introduction to the beginning of any PPT，An investment institution that “we have layout in multiple tracks below”，More than half will be eliminated。As entrepreneurs born 188bet mobile 70s and 80s become the main force in society，Multinational companies have trained a large number of senior managers for China 188bet mobile past two or three decades (they have also become a higher-income class in society)，There are still quite a few successful entrepreneurs born 188bet mobile 50s and 60s who are not willing to lag behind the times。

China will form a new angel 188bet mobile community，Then the branding of angel investors is very important，Like Xu Xiaoping，Kaifu Lee，Meituan Wang Xing，Yang Haoyong from Guazi Used Cars became representatives of different categories；And the more and more government guidance funds mentioned earlier，The entry of the bank’s “Venture Capital and Loans”，It will make the LPs of many venture capital funds more “powerful”。

CBC INSIGHT 188bet mobile UK，China，Top five most active corporate venture capital companies (CVCs) in India from 2012 to the first half of 2016。

The scale of VC management becomes larger，The trend of partial PE is beginning to appear，It also requires the organization’s industry understanding，It is more important to connect entrepreneurs with industry resources other than capital；What really deserves the attention of the 188bet mobile community is，More and more industrial companies，Not just BAT，360，JD.com，Xiaomi，But more listed companies，Industry leader，Start planning early 188bet mobile，CVC (Corporate Venture Capital) begins to enter a new peak period，No matter the brand，Industrial resources given，Still financial strength，The last and most realistic exit channel，CVC has great appeal to entrepreneurial companies。

03

Last，For startups，Projects that “fill gaps in traditional industries” are the easiest to obtain financing。

Looking at the 188bet mobile community throughout 2016，Except for Mobike，Almost no decent 188bet mobile projects come out，It can be said that "the first half of the Internet is over" is very appropriate。

All investment circles have the same feeling，Except for the early layout of some cutting-edge technologies 188bet mobile second half，More opportunities lie 188bet mobile investment opportunities brought about by using new technologies to fill gaps and upgrade traditional industries，For example, how big data serves logistics and transportation、Applications 188bet mobile retail financial industry；For example, AR/VR in architectural design，Application in shopping/education scenarios；For example, how robots operate at bank branches，The transformation of traditional manufacturing scenes...

You don’t need to pursue your own unicorn status with every project，But how to remain independent and grow while dancing with the elephant，has become a new proposition for many entrepreneurial companies，It is also a new 188bet mobile opportunity。

*188bet mobile article is reproduced from Huxiu.com.