The latest case of angel investors

In the dilemma of the bursting of the group buying bubble and the failure of listing in Handan.com, Yang Lei, the angel of Mount Tai and the founding partner of Huashan Capital, should catch his breath. I still remember that when Handan.com's valuation was the most radical, Allen Zhu, a partner of Jinshajiang Venture Capital, said: "It is a pity that Taishan Angel Fund withdrew from some shares."

The valuation of Handan at that time. Com rose from $65,438+0,000 in the beginning to $500 million in just eight months, even to the point where venture capitalists could not get in. In the second round of $50 million financing, the angel investor Taishan Angel withdrew part of the equity, and the book return rate was as high as 180 times.

Handan. Com was once the proud project of Taishan Angel and Yang Lei, the founding partner of Huashan Capital. Perhaps, as Zhu said, Yang Lei really regretted withdrawing from some shares. But now, quitting at that time has become a wise move. Regardless of the success or failure of the handle itself, from the perspective of investment, this is a beautiful exit.