Ren Quan works full-time as Star VC: The second phase of 300 million yuan fund has been raised

According to titanium media editors, the first phase of Star VC fund of 80 million yuan has been invested. The second phase of the fund of 300 million yuan has been raised.

"Gongsun Ce" Ren Quan on the stage was wearing a suit and white shirt. He had obviously completely transformed into a "businessman" Ren Quan. It is not new for stars to be investors, but not many people who devote themselves full-time and give up their acting careers. At the second Netease Future Technology Summit held on October 15, Ren Quan revealed that he would get a salary in Star VC with an annual salary of 1 million yuan, and if he did a good job, he would increase by 200,000 yuan.

Ren Quan said that this matter is his own responsibility. He goes out to shoot a commercial for several million yuan, and shoots a drama for tens of millions. How should he determine this annual salary? Later, he decided not to define the value of his current job through his identity as an actor, so he set himself an annual salary of 1 million yuan. If he did a good job, he would give himself an extra 200,000 yuan.

Star VC is a star venture capital institution jointly invested by Ren Quan, Li Bingbing and Huang Xiaoming. It was established in July 2014. Recently, with the addition of Zhang Ziyi and Huang Bo, the number of partners has become five. It is understood that the management team holds a certain proportion of shares, and the five partners hold the same proportion. Ren Quan gets one more salary than the other four partners because he manages the fund full-time. In terms of management, the team is responsible for reviewing the project, and the partners implement a one-vote veto system.

In terms of project selection, Star VC has five requirements for investment objects: 1. It must be sunny and healthy;2. The company can create life aesthetics, effectively change public lifestyles and improve quality of life;3. The company itself needs to use several star partners to enhance the brand;4. The happiness index of corporate employees is very high;5. It is not a film and television company;6. It is only an investor in the company and not a brand endorsement.

Ren Quan said that Star VC is not in a hurry to invest and proceeds at a pace of no more than 12 projects a year. In the past year since its establishment, Star VC has invested in Short Video application Niizai, clothing brand Handu Yishe, Renren Express, etc. Recently, it has just announced its investment in the Internet financial platform Rong360. Judging from the projects currently invested, Star VC's investment stage covers from start-up to Series B and C. The investment fields are relatively wide and are all related to the public.

According to titanium media editors, the first phase of Star VC fund of 80 million yuan has been invested. The second phase of the fund of 300 million yuan has been raised. Ren Quan said that Star VC's investment rate will slow down a little this year because he discovered some time ago that the valuations of some start-ups may be moist. Regarding the next investment direction, Ren Quan revealed that he has worked as an actor and an investor, but he also has a career dream of traditional Chinese medicine, so he may focus on startups in the medical and health field next.

Editor: yvonne