1, Angel Wheel is an early company. Maybe it's just an idea, no actual going out, no products. At this time, VC institutions generally look at the background and vision of entrepreneurs, but the most important thing is personal background. If you are an already awesome person, then your angel wheel valuation will definitely be high, so you will allow a lot of money.
2. round a, in fact, round a is also a startup company. Many of them have qualifications and connections. They get the angel wheel through themselves or the founding team. When they really get money from VC, it's round A. The company of round A is characterized by a prototype product, which can be brought to the market to face users, but there is basically no income or little income. Similar companies include Xiaomi and Ping An Good Doctor, all of which have products, and all of them have got the A round, but the company still has no profit. At this time, investors still pay more attention to the qualification background of entrepreneurs, but at this time they will also look at the market prospects and the company's vision.
3. Company B is mature and has a clear profit model, but if the profit is actually less, VC institutions will pay more attention to your business model, application scenarios and your coverage.