Star VC raised about 1 billion Ren Quanbang in the third phase, and the highest return on investment exceeded 10 times

Star VC is conducting the third phase of fund raising with a scale of approximately RMB 1 billion. He is optimistic about artificial intelligence, general health and sports industries, and the technology field has become Star VC's investment direction this year.

Investing is not new for actors, but Ren Quan is the first person to stop filming and concentrate on investing. From the "white-faced scholar" on TV to the overbearing president in reality, 41-year-old Ren Quan chose a new route at the crossroads of his life.

Just a few days ago, Ren Quan appeared at the Boao Forum for Asia as the co-founder of Star VC, opening a forum to discuss "intelligence" and discuss "the future of China's intelligent manufacturing." This is the second time that Ren Quan has been invited to participate in the Boao Forum for Asia. In 2015, he also participated in the Boao Youth Leaders Roundtable as co-founder of Star VC.

"Although I open my eyes every day, there are dozens of things waiting to be decided and hundreds of problems waiting to be solved, my heart is full and happy." In an interview with Time Weekly and other media, Ren Quan admitted that when he moves forward bravely, his original intention will let him find his direction.

At the beginning of its name, Star VC made a pun. It can be understood that it is a VC made by a star, and it can also be understood that it is the best among VCs. According to a reporter from Times Weekly, less than two years after its establishment, Star VC has successively invested in Internet startups such as Misipai, Handu Yixiu, Nuts, Rong360, Caijia, Renren Express, and Star Wardrobe. Many of these companies are now well-known.

Ren Quan revealed that the second phase of Star VC fund has been invested. Currently, Star VC is conducting the third phase of fund raising, with a scale of approximately RMB 1 billion. Ren Quan and his team hope that the third phase of funding will continue to penetrate into the later stages of the project.

He is optimistic about artificial intelligence, general health and sports industries, and the technology field has become Star VC's investment direction this year.

Ren Quan is an investor with ideals, and Star VC has also become a sentimental company. He hopes that every company Star VC invests in the future will be a story or a movie. What he values more is long-term benefits.

Domestic original IP has once again stirred up capital waves.

"The reason why we invest in daily vision is to take a fancy to their technical team and IP research and development capabilities." Star VC co-founder Ren Quan hit the nail in an interview with a reporter from Times Weekly.

When Star VC was founded, there were very famous five no-vote principles: no vote if it is not sunny, no vote if it is not public, no vote if it does not require brand support, no vote if it is not good to employees, and no vote for film and television companies. After watching the domestic animated film "The Hedgehog Boy", Ren Quan changed his mind and decided to make an exception and invest in his behind-the-scenes production company Daily Vision.

"Daily Vision is a company that integrates technology and content. It has both international animation standards and local stories in the production of original animated films." Ren Quan revealed that after more than half a year of contact, the daily investment horizon did not have many concerns.

Daily Vision is not just a film and television company. Huang Jianming, the founder of "bearded", entered the entrepreneurial trend with an artistic style. Since its establishment in 1997, Daily Vision has been committed to the field of digital content creation and has been working for the post-production of foreign blockbusters many times. In 2013, Daily Vision successfully listed the "New Third Board".

The production of special effects for "Rescue My Mr.","The King's Feast","Double Exposure","Guanyin Mountain","Hard 2","Soldier" and "Don Quixote" allows the Daily Vision to show the outside world on the big screen. Demonstrate your excellent skills.

Huang Jianming told reporters that with the changes in the entertainment industry, the company also knows that outsourcing model is not the way to survive. Therefore, as early as a few years ago, it transformed into a film and television animation company and invested in creating original IP. It was just scheduled for the summer vacation."The Hedgehog Boy is Born to Be Stung" is the company's first original IP project.

Prior to this, in the field of animation, the large-scale animated series "SUPER BOOK" produced by Daily Vision in cooperation with well-known American TV channels was shortlisted for the 2012 American Emmy Awards.

"From this perspective, I actually invested in a technology company, not a film and television company, but they also have a film and television production business." Ren Quan said that although the cultural field has been very popular in recent years, animated films are still in their infancy, and high-quality animation IP original in China is very rare."I hope this investment can lead the capital market to pay attention to the animation field."

In fact, the golden age of domestic animation is returning strongly.

In 2015,"Return of the Great Sage" grossed 956 million yuan in box office in 62 days after its release, becoming the highest-grossing animated film in the history of China's film industry. It also gave a boost to the domestic animation industry. Prior to this, following "Pleasant Goat and Big Big Wolf", domestic animated film brands such as "Bear Infested","Rock Kingdom" and "Saier" were successively established, and their market appeal gradually increased.

Capitals from all walks of life with a keen sense of smell have poured into this field. In the animation industry layout composed of animation publications, television films, movies, video games, etc., animated films have become a new investment outlet.

But few people have noticed that an animated film called "Kuiba" has announced that it will be postponed indefinitely. Compared with existing IPs, there is currently a lack of appealing original IPs in the domestic animation field. From the current market structure, domestic animations relatively lack the ability to incubate new IPs.

"There is an outlet for investment, but this outlet is not a cultural industry, but a technology," Xiong Xiaoge, founding partner of IDG Capital, told a reporter from Times Weekly at the 2016 China Cultural and Entertainment Industry Investment Summit held on March 31.

Jack Ma found the outlet for the PC Internet at that time, Zuckerberg found the outlet for social networking. The next outlet was the combination with mobile Internet platforms, as well as future new technologies and infrastructure such as VR (Virtual Reality).

With the maturity of CG technology, visual presentation has diversified development. At present, the widespread use of VR and AR has made many people feel the potential of technological innovation to change the entire market landscape. It is not difficult to understand why Star VC is investing in Daily Vision at this time.

"From an investment perspective, Daily Vision has great potential in the future market as a content provider. From an ecological perspective, the technology layout also provides more potential for future development,"Ren Quan said that Daily Vision can provide more professional technology and new presentation methods for companies invested by Star VC. Connecting the entire ecosystem with technology will also be a new starting point for Star VC.

In the next three years, Star VC and Daily Vision will produce four animations, including "Hedgehog Boy 2", the sequel to "Hedgehog Boy","Goodbye Monster", which focuses on the theme of autistic children, and "Eight Rings" with the theme of Journey to the West. and "Night Spring Town", which creates a similar urban hero in the Marvel World.

"Founders and products must have a story."

On March 17 this year, Ren Quan posted a long Weibo account, announcing that he would stop filming and focus on venture capital in the future. In fact, there was an early warning that as early as the end of last year, he disbanded the studio that had been established for many years and was operating well.

"I can't do two things at once. It's really exciting to be an actor, but if I have been doing an actor and starting a business at the same time, I'm sure neither side will be able to do well." Ren Quan made a choice under the value of "focus". Before quitting filming, Ren Quan was actually a well-known investment expert in the celebrity circle. He already had several popular restaurants in his hands, established his own studio, became a producer, and invested in several plays with good ratings. In addition to actors, his ability to make money is even better.

In July 2014, the "Star VC Plan" of the three stars was like a torpedo thrown into a calm lake, causing a sensation in the entertainment and investment circles.

In this plan, Li Bingbing, Huang Xiaoming and Ren Quan announced that they have officially entered the venture capital circle and formed a "Star VC" fund to find innovative companies in China. They will not only use "real money" as corporate shareholders, but also be responsible for user experience. Ren Quan is the main organizer behind this plan, but Li Bingbing and Huang Xiaoming are crucial key figures.

On the last day of the 2016 Boao Forum for Asia Annual Conference (March 25), Ren Quan shared his experiences with everyone at a sub-forum to discuss the future of China's "intelligent manufacturing".

"Star VC is not an investment institution that relies on capital, but we hope to lead some products and companies that are younger, closer to the future, and more capable of changing lifestyles." As an amateur investor who is halfway through the road, Ren Quan doesn't mind at all. The shortcomings of his investment, he said that he has a very reliable team.

According to Ren Quan, Star VC receives more than 100 financing demand projects every week. After preliminary filtering by the team, Ren Quan will make final plans. Less than two years after its establishment, Star VC's results have far exceeded Ren Quan's expectations.

"It outperforms the industry average, and the highest return rate exceeds 10 times." Ren Quan was proud. According to the reporter, Star VC is good at following the pace of large investment institutions to look at projects. Most of the projects Star VC is interested in have the participation of large investment institutions, such as Morningside Capital, IDG Capital, Yunfeng Fund, Dachen Venture Capital, Sequoia Capital, etc.

In 2015, Star VC welcomed two new shareholders, Huang Bo and Zhang Ziyi.

Ren Quan revealed that the second phase of Star VC fund has been invested. Currently, Star VC is conducting the third phase of fund raising, with a scale of approximately RMB 1 billion. Ren Quan and his team hope that the third phase of funding will continue to penetrate into the later stages of the project. This requires fund manager Ren Quan to have more professional financial knowledge such as finance, and even be more favorable to judging future trends.

Regarding future investment priorities, Ren Quan said that he would focus on technology companies, such as artificial intelligence, robots and intelligence-related products.

Ren Quan did not pay too much attention to investment returns and launch mechanisms.

"In addition to having basic judgments on financial data, an investor also makes judgments on the future," Ren Quan said. He hopes that Star VC is a company with corporate products and founders with stories, and this company can bring products that change the lifestyle of all mankind in the future.

Editor: yvonne