1. Seed stage
Company stage: only ideas, no specific products.
Investors: Generally, entrepreneurs pay their own money or support from relatives and friends; Of course, there are also seed investors.
Investment amount: RMB 654.38+ 10,000-654.38+0,000.
Features: At this stage, the investment risk is the highest and the success rate is the lowest, but because it is the earliest investment, it can get more equity with less investment, so once it is successful, the return is the highest.
2. Angel period
Company stage: With the prototype of the product and the initial business model, we have accumulated some core users, that is, DEMO, which is often said, and started to look for money.
Investors: angel investors and angel investment institutions.
Investment scale: 2-8 million RMB.
Features: The investment risk at this stage is particularly high, and the success rate is particularly low. But because it is a very early investment, you can get more equity with less investment, so once you succeed, the return is particularly high.
3. round a
Company stage: With mature products, the company began to operate normally for a period of time, with a complete and detailed business and profit model, which has a certain position and reputation in the industry. The company may still be at a loss.
Investor: professional venture capital institution (VC)
Investment scale: 65.438+million-65.438+0 billion RMB.
Characteristics: The investment risk in this stage is lower than that in the angel stage, and the success rate is slightly higher, but the risk is still higher. However, if it is counted as an early investment, you can still get more equity with less investment, so once you succeed, the return is very high.
4. round b
Company stage: after a round of burning money, there has been great development. Some companies have started to make profits. There is no problem with the business model and profit model. It may be necessary to develop new business and expand new fields.
Investors: Most of them followed the last round of venture capital institutions, new VC joined, and private equity investment institutions (PE) began to join.
Investment scale: over 200 million yuan.
Features: At present, the investment risk is relatively low and the success rate is much higher, but compared with previous rounds of investment, the rate of return is slightly lower, but it is still considerable.
5. wheel c
Company stage: very mature, not far from listing. It should have started to make a profit, which is basically the top three in the industry. In addition to expanding new business, this round also has the intention of completing closed-loop business and writing stories to prepare for listing.
Investors: mainly PE, and some previous VCS will choose to follow suit.
Investment scale: more than 200 million US dollars
Features: At this stage, the investment risk is relatively low and the success rate is high, which can be said to be the last high-return investment before listing. Generally, after C-round listing, some companies choose D-round financing, but not many. Round A and B financing generally refer to the number of times a startup company accepts venture capital financing, such as A, B, C and D rounds.