Lenovo First Talks About Venture Capital Experience: Entrepreneurs Should Make The Company A Success (1)

Liu Erhai asked Zhu Linan: 8 years ago, when the Internet bubble burst, there was a lot of sadness. At that time, you had to invest in Lenovo. Why?

Zhu Linan replied that enterprises are generally short of money, lack of experience and lack of resources.

When two people did this dialogue, Lenovo investment was just 8 years old. Liu Erhai is now managing director of Lenovo investment, and Zhu Linan is president. In July 28th, for the first time in 8 years, Lenovo's investment face to face with the media. For the first time, its senior officials' team was called back from all parts of the country to share their investment experience openly.

Liu Erhai disclosed that at present, Lenovo's investment has expanded from big IT to growing enterprises, and consumer goods, health services, clean technology and advanced manufacturing have become four major areas of concern. In the traditional Internet field, Lenovo's investment focus is on the pure Internet opportunity, on the one hand, it has infiltrated the traditional economy into the Internet, and the hottest Twitter enterprise has already entered the line of sight.

Management is actually vernacular.

"We invest in a popular way to find good people." Wang Nengguang, managing director of Lenovo investment, CFO, said:

Lenovo's investment focuses on "doing things first, people being heavy", not pursuing short-term arbitrage, paying more attention to fundamental and long-term development potential, emphasizing the core team's ambition and dedication and social responsibility. "Lenovo's standard is not to do business well, but to be a good team, but to value the dedication and ambition of the team and to make the enterprise its own destiny."

Therefore, investment should emphasize "investment themes and highlights, and hope that at any time it is a healthy and stable development of good enterprises."

But how do we find those good projects? Wang Junfeng, executive director of Lenovo investment, said that we should first study the industry and find out which industries will have high growth opportunities in the next 3 to 5 years. Then in this direction, we can find successful enterprises and seedlings.

"Help after entering is also very important." Wang Junfeng, for example, did not see its investment value until 2001 when Lenovo invested in HKUST, and until the video industry began to break out, the value of HKUST's inf was gradually revealed. The company is currently the only company that has been successfully listed by domestic university students.

"We are actively investing in management and value-added services. On the one hand, we should do a good job in the foundation part to help investment companies shape mechanisms, teams and culture. Part of the fence is to help do logistics, capital flow and information flow. Then the roof part, emphasizing strategy, research and development, operation.

Lenovo investment also talked about this: in fact, those management experiences are vernacular, so long as they are conscientiously done, they will be able to do well.

From 35 million to 350 million

Zhu Linan recalled that 8 years ago, when Lenovo investment was formally established, it was raised by Lenovo holdings of $35 million as a fund investment. When the fourth phase of the fund was raised, it had raised $350 million. It just doubled 10 times.