On April 14, 2020, on the morning of local time in the United States, "Forbes" magazine released the 2020 heavyweight lists The Midas List and The Midas Brink List.
Cao Yi, the founding partner of source code capital, has been on The Midas List for the third consecutive year after 2018 and 2019, and has been the youngest investor in China for three consecutive years.
Since 2001, Forbes magazine has collected the portfolio data of global venture capitalists every year and released the “Forbes Global Best Venture Capitalists List” composed of the top 100 top venture capitalists. "Oscar" in the investment industry. Since 2014, Forbes magazine has also selected new investors of the year globally and released The Midas Brink List.
1. Growth
From the embarrassment of the absence of Chinese investors on the “The Midas List” in 2011, to the blowout of Chinese investors on the list in 2018 and 2019, this year welcomed 20 Chinese investors. Among the "golden fingers" of global investment, the more and more obvious Chinese power also confirms that China's new economy has gradually formed global influence.
Source Code Capital was founded in the spring of 2014 and is committed to discovering and helping leaders in the information revolution. After six years of development, the current source capital currently manages funds of 1.5 billion US dollars and 5 billion yuan, and has obtained the world's top sovereign wealth funds, university endowments, charity funds, pension funds, mother funds, family funds, leading companies and other top institutions. And industrial capital, as well as long-term continuous recognition of professional investment institutions such as state-level guidance funds and large central enterprises.
Along the "three horizontal and nine vertical" investment maps, Source Capital has invested in more than 150 outstanding companies, including ByteDance, Meituan Dianping (3690.HK), Shell Find House (Lianjia Group); Ideal Car, Niu Electric Technology (NASDAQ: NIU), RELX, Cloud Whale, Zirui, Juli New House, Find House, Baiguoyuan, Beautiful United (NYSE: MOGU), Trendy Media, Walnut Programming, Weimai, Recycling Treasure, Neighbor; Yi Long Approval, One Meter Tick, Small Medicine, Baibu, Easy to Rent, Zhongneng United, Qinglang, Kitchen Core, Where to Ship, Rui Ling, Kaisi Auto Parts, Car 300; Fun Store (NYSE: QD), Asset 360, Snail Insurance, Magnetic Finance, Abbots; Krazybee, Zenjoy, Blue, OPay, etc.
The source code capital team has also expanded from the initial dozen people to more than 60 small partners in the three major sectors of investment, post-investment and platform, forming a unified bottom layer but a multi-dimensional perspective from different fields such as investment management, product technology, consulting and media. combination.
2. Responsibility
In 2020, a sudden outbreak of new coronavirus pneumonia spread worldwide.
In the early stage of the outbreak in China, in order to add a guarantee and support to the frontline medical personnel fighting the virus across the country, the source code capital donated 3 million yuan to the Chinese Red Cross Foundation for the first time, directed to "byte beat medical workers humanitarian Rescue Fund ". At the same time, the members of the code meeting, whether individuals or enterprises, are actively making donations to the fund within the scope of their capabilities and sharing love. The members of the code meeting Baibu, Che 300, Kaisi, Ruishang Mall, simple pieces, one meter ticking, coal search network, Zhongneng United, etc. donated a total of 1.02 million yuan; kitchen core CEO Liu Changyi, Yishen CEO Huang Yiran, public Neng Joint CEO Yang Tianli and other code associations donated 125,000 yuan personally.
In addition, in order to help the source code member companies maintain normal operation during the epidemic, while ensuring an active and active investment rhythm, the source code post-investment service organization "Code Brain" and "Watching Helping the New Crown" series of online courses cover legal affairs, financing, manpower, etc. A total of eight series of courses have been exported on various topics. More than 370 person-time entrepreneurs and LPs have participated in this course. Immediately afterwards, in order to assist the recruited companies in their recruitment needs, the source code planned a series of online recruitment after the investment, invited human resources and headhunting guests to share workplace experience, and strongly drained to solve the recruitment problems of the invested companies.
3. Be a "four youths" and be the most entrepreneurial investment institution
At the beginning of 2020, Cao Yi was invited to speak at the Tsinghua University of Finance in Wudaokou, and said that the second half of the Internet was characterized by: from incremental economy to stock economy; from To C to To B / To C; from focus on market dividends to more focus on organization Ability; from admiring high-growth and high-consumption business models to appreciating medium-speed and low-consumption business models.
Source code capital is already heading into the youth, facing the second half of the superposition of various external uncertainties, it is necessary to find a firm force inwards and achieve the "four youths" at the organizational level: Taoist, lawful, artful, Have the tools to be an investment institution with the most entrepreneurial spirit.
Source code capital hopes to accompany entrepreneurs at all times in the face of the complicated and complex external environment, to find more like-minded "four youths", rely on the power of technology and capital to promote business change in the second half, and create lasting real value.