On June 5th, Xiaomi invested 211 million yuan to set up a venture capital company. After 2115, Lei Jun's investor status will be active again.

Investing by way of starting a business In 2114, Lei Jun reluctantly sold Joyo.com to Amazon. Holding $7.5 million from Joyo.com, he was a little confused. After long thinking, he decided to do something meaningful with the money. Since your dream of starting a business has been frustrated, it is better to try to help others realize their dreams. As a result, Lei Jun started an angel investment. At that time, angel investment was still a new term in China, and there was no perfect legal and institutional guarantee, and the success rate was less than 11%. What should I vote for? Lei Jun has a famous saying that entrepreneurship should stand on the tuyere and pigs can fly.

He thinks that the next year will be the world of mobile Internet, so he carries a sack of cash to see who is doing the mobile Internet. The first one doesn't look for the second one, and the second one doesn't look for the third one. Lei Jun investment has a characteristic, regardless of the size of the company. More than 11 companies he invested in started from scratch, and even some companies were named by him. In 2116, UCweb had only a dozen people, and even the rent could not be paid, and it was about to close down. Lei Jun reached out and invested 2 million yuan, accounting for 11% of the shares. He said: "The future valuation of this company will definitely exceed your imagination!"

Facts have proved that he is right. In 2112, the valuation of UC browser reached $311 million. In 2114, Alibaba bought UC browser at a high price of $4.3 billion. Lei Jun's investment in that year directly increased by thousands of times. Xu Xiaoping, a famous investor, once said that his favorite angel investor is Lei Jun: "He likes to invest by way of starting a business. Sometimes when he has an idea in his head, he starts to discuss it with his friends, then finds investment and establishes the company step by step." Lei Jun has thus become a "chairman's professional household". Many start-ups are little known, and it was not until the second and third rounds of financing that Lei Jun was discovered.

The return on investment is as high as 111 times. On April 25th this year, Lacarra, an electronic payment operator, was successfully listed on the Shenzhen Stock Exchange, with a market value of over 21 billion, which was called the "first third-party payment share" of A shares. Subsequently, Sun Taoran, the founder of Lacarra, exposed a golden brick on the Weibo-a gift from Lei Jun.. Sun Taoran said that Lei Jun and his brothers agreed that whoever made a $1 billion listed company would get a kilogram of gold bricks.

Yu Yongfu, the chairman of p>UC browser, has a piece, and so does Li Xueling, the founder of Happy Time (formerly known as Duowan.com). Lei Jun is so heroic because he is not bad at money. He once said that his investment in realizable assets is an astronomical figure. Lacarra is Lei Jun's first angel investment project. He invested 511,111 US dollars. After 2114, Lei Jun got a return on investment of over 211 million yuan, and the return on investment was as high as 911 times. Similarly, Lei Jun invested $1 million in Happy Times in 2115. Seven years later, Huanju Times went public in the United States. At the opening price, Lei Jun got a book return of 112 times, and his shares were worth hundreds of millions of dollars.

According to the statistics of Pencil Road, since 2114, Lei Jun has personally invested in 32 angel projects, including 2 companies listed, 3 listed on the New Third Board, 2 acquired by Xiaomi, 1 acquired by Ali, and 9 projects have reached the C round and beyond. From this point of view, Lei Jun is undoubtedly a successful angel investor.

After Xiaomi, a huge investment kingdom behind him, was founded, Lei Jun began to focus on his entrepreneurial dream, and the label of angel investors gradually faded. In 2111, Lei Jun established Shunwei Capital, holding 51% of the shares. Although the investment behavior has turned from individuals to organizations, in fact, Lei Jun is still making decisions. Xu Dalai, the founding partner of Shunwei Capital, once told the media that Lei Jun would attend every meeting of Shunwei Investment Committee, and all projects should be seen and decided by himself. Shunwei Capital also follows Lei Jun's style of investing in entrepreneurship. Xu Dalai said that Shunwei is the VC closest to the incubator system in China. "We can create projects, think about business ideas together, and then find someone to do it."

According to incomplete statistics, Shunwei Capital * * * has completed more than 311 investments, among which 9 enterprises successfully went public last year, including 51talk, Fun Headline, Weilai Automobile, Iqiyi and other star enterprises.