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Jixin blockchain gets 10 million dollar Angel round financing

Publish: 2021-05-02 18:27:34
1. Generally, the scope of entrepreneurship is limited to business and trade, a small number of them are engaged in instry, and they are basically small-scale processing instry. Of course, there are also large and medium-sized enterprises that have grown up because of opportunities, but the number is very small, because the domestic market is not like that of more than 20 years ago, such as Liu Yonghao brothers, Lu Guanqiu and Nan Cunhui. In their entrepreneurial era, the economy was short, the mechanism was chaotic, and opportunities were everywhere. Nowadays, as the saying goes, there are more wolves and less meat. It's unrealistic to just rely on opportunities to achieve great achievements.
2. Era blockchain is a company engaged in blockchain technology. Saifu trusteeship is a digital asset trusteeship proct of the company. Its main business is blockchain digital asset trusteeship and enterprise WALLET business, which is the relationship between the company and its procts.
3. Bai luejun's note: in 2013, Kristen Hamilton and another founder, Josh Jarrett, spent half a year to develop an immersive business app, Koru, to help college students who have just graated and just entered the workplace learn the necessary work skills in the workplace, prepare them well and open the door of their future career. If the company wants to develop and take off, financing is essential. Koru's financing activities have been carefully planned, from the timing of financing, publicity strategies for target investors to the total amount of planned financing. Finally, it won US $12.5 million for Koru within 18 months. The two founders described their financing process in detail in combination with angel round and a round. The real dry goods at the end of the article, we should insist on reading it! Pro

this article is reprinted from Chuangye bang. The author is Michelle Godman, a journalist from Seattle. She is the author of my so called freelance life, edited by luo.com

Kristen Hamilton is the founder of a start-up company in Seattle. She knows that financing is essential for a company to develop and take off. In 2013, she and her co-founder, Josh Jarrett, spent half a year developing an immersive business app, Koru, so that college students who have just graated and are new to the workplace can learn the necessary work skills in the workplace and help them prepare for their future career<

that autumn, Hamilton and Jarrett called together a group of graates from Whitman College to take part in a week-long experimental project in the office of Rei, the largest outdoor procts retailer in the United States. Hamilton's goal is to give a presentation to REI executives to show them how to make the company's outdoor procts and clothing attract young consumers

the experiment in that week was a great success. In addition to the successful completion of the demonstration, Hamilton and Jarrett also helped the newcomers learn a lot of workplace work experience and help them find confidence. Their achievements are obvious to all<

Hamilton, currently the CEO of Koru, explained: "the goal of that project is to solve the problem that most college graates have difficulty finding jobs. Statistics show that 53% of college students are either unemployed or unable to find full-time jobs after graation. At the same time, we also need to solve the problems for the employing institutions, because it has proved that those institutions are trying to find out which talents are suitable for the company among the less experienced job seekers. "

in order to develop this embedded enterprise training application of Koru, the two founders completed $4.5 million seed financing at the end of 2013, and raised another $8 million in round a financing this year. Hamilton is no stranger to corporate finance. In 1997, she teamed up with others to set up a small online retail company, onvia, which raised more than $200 million in investment. Koru's financing activities have been carefully planned, from the timing of financing, publicity strategies for target investors to the total amount of planned financing

"financing is indeed an art, but it is also a knowledge. You have to think about a lot of issues, such as how many rounds of financing you want, how much financing you want, and how to prove that the company can usher in the next milestone. " Hamilton thinks so

here's how she and Jarrett secured $12.5 million in financing for Koru in 18 months< In September 2013, the two entrepreneurs actively contacted a small number of potential seed investors. In fact, the two of them have previously determined that Koru is fully capable of achieving great success in the market, especially in the instry where Koru is located, with a market value of billions of dollars. However, self-confidence alone can not lock in the victory for financing. At that time, they did not have any indicators to measure their business, nor did they have any business income data to prove that their expectations were reasonable. Therefore, they had to try to find convincing financing evidence

for this reason, they focused on the statistical data in their speech ring the financing roadshow. They cited the results of the study, saying that the total cost of college tuition for Americans is more than 150 billion dollars a year, but in the end, 70% of college graates have a degree but can't find a job. In the United States, employers spend as much as $60 billion a year on recruiting junior talents. However, many enterprises complain that 20% - 30% of the new recruits they employ are not suitable for recruitment positions, and 53% of the employers say they can't find qualified employees at all. Koru's goal is to create young professionals with necessary experience and suitable for employment in enterprises, and to bridge the gap between supply and demand in the labor market

in the presentation, Hamilton and Jarrett stressed that they have started to establish cooperative relations with REI, the largest outdoor procts retailer in the United States, zulily, a mother and child e-commerce website, and trupanion, a pet insurance company. They are also cooperating with many first-class humanities and Arts Colleges, public and private universities. The two founders also attached their respective Resumes: as the founder of onvia, Hamilton went through the company's initial public offering (IPO) in 2000, later served as the chief operating officer of world learning, a global non-profit ecational institution, and served as the global director of strategy and marketing of ecational institutions in Microsoft; Jarrett, Koru's chief learning officer, holds a master's degree in Business Administration from Harvard University. He has worked for the bill and Melinda Gates Foundation, the philanthropic foundation of Microsoft founder Bill Gates and his wife, for seven years, in charge of advanced ecation programs

final result: in order to prove their business philosophy, they set a minimum financing target of $1 million. They expect to raise the money within 18 months. Who would have expected that many investors were interested in them. As a result, Koru raised $4.5 million in just two months. In Hamilton's words, investors have a "very high valuation" of Koru. She pointed out that this is only the valuation after the end of a round of financing, not convertible bonds or based on the valuation results after the company issued bonds. The first round of financing of Koru is led by battery ventures, a venture capital firm headquartered in Waltham, Massachusetts, and maveron, a venture capital firm from Seattle

maveron, a venture capital firm, only invests in consumer start-ups. "If a company doesn't have the opportunity to create an iconic consumer brand and become a household name, we won't be interested," said Clayton Lewis, general partner of the company Lewis is now a director of Koru<

other investors involved in this round of seed financing include first round capital, Andreessen Horowitz, Queens bridge venture partners (its founder, rap singer NAS, took the initiative to ask Koru for financing), and ten other angel investors. In fact, most of the investors who invested in Koru, Hamilton and Jarrett, were not the people they knew before, nor the investors they were introced through their contacts. "We didn't go out on the streets and ask for financial support, and it really helped," Jarrett recalled

after the first round of seed financing is in place, they shoulder a new task, that is to achieve the major vision of the company shown to investors when fighting for seed investment. This means that they will complete the extension of practical training programs to three weeks early this year, hire mentors, and launch such programs in Seattle, Boston and San Francisco. It also means that they have to attract college graates to pay for the job training program, which costs as much as $2749. Moreover, in order to carry out the project successfully, they need to ensure that there are enough employers and higher ecation institutions to become the partners of the project. If the cooperative employers employ graates participating in Koru project, they also have to pay a certain resettlement fee. However, the specific amount has not been disclosed

Hamilton and Jarrett completed all the above tasks. There is a strong demand for Koru's experimental training programs, and the partners are also interested in participating. At present, 20 universities and more than 40 institutions have cooperated with Koru

Koru company completed the financing target of seed round ahead of schele, a few months earlier than Hamilton and Jarrett had expected. They did not risk running out of working capital, but continued to take action to start a new round of financing

round a financing

the next difficult financing officially began. Hamilton said round a financing "has a much higher threshold (than seed financing) and has to show results."

in the demonstration of financing roadshow, the introction of Koru's short experience needs to provide real data, and at the same time, it also needs to be able to show the satisfaction of university graates and cooperative companies. In addition, the concise 12 frame presentation needs more polishing. Hamilton pointed out: "it is necessary to pay for a professional presentation designer."

Koru's selling points for financing are as follows: the start-up company has successfully trained hundreds of carefully selected college graates, and 85% of them have obtained "meaningful" jobs in Koru's cooperative enterprises after the training. Koru claims that its net recommendation value is as high as 70% - 90%, that is, the vast majority of college graates recommend their training programs to friends. High net recommendation value helps customers rece the cost of attracting talents. In addition, Koru also mentioned that the growth of operating revenue was strong and explosive. However, Hamilton declined to disclose specific revenue data

other highlights of Koru include: companies that have signed contracts with Koru include not only fast-growing enterprises such as LinkedIn, yelp and zillow, but also many universities and top universities, such as Georgetown University, Brown University and vassal college; In Koru's new management team, many of them are senior managers of old Internet companies such as Amazon and Yahoo. There are also some famous figures in its consulting team, including a vice president in charge of personnel recruitment in LinkedIn and a resident expert and best-selling author of Harvard University

final result: ring the financing period, Koru held discussions with more than a dozen front-line venture capital companies focusing on ecation and technology. Not only that, Hamilton and Jarrett also cooperated with the investors involved in seed financing, contacted the contacts recommended by the above venture capital, and got the necessary introctions for financing

"you don't want to turn financing into a kind of forced selling," Hamilton said. "We want to be the financing object that investors really want."<

maveron venture capital, the leading investor in this round a financing, has invested more than US $3 million. Previously, the venture capital company has invested in Capella ecation and course hero, two other ecational technology start-ups. In addition, city light capital venture capital from New York has invested US $2 million, which is the second largest investor in this round. 2U, an ecational technology start-up, was successfully listed last year. In Koru's $8 million round a financing, other participating investments
4. As far as I know, coin an had previously received tens of millions of dollars of angel round financing from black hole investment, and this was the only one. At that time, Sequoia wanted to invest and finally gave up. Now it seems that black hole has a unique vision. It is said that black hole investment is originally focused on the field of science and technology. New technologies such as artificial intelligence and blockchain that can bring better experience to people's lives are what they value most.
5. There's a fake?? Any network can see good news of multimedia reports~
6.

I can give you a simple and crude answer to this question. This is a relatively traditional penetration business model to put it bluntly, it is to expand the influence of this brand, and customers will come out slowly. However, it can be expanded to major companies in the world. Then, the company will be listed according to the formal traditional mode, and the company's valuation will naturally become larger. You should be familiar with small partners who have known about the capital market, such as little elephant life, I can only say that it may not be long-term, because the mode of using this discount method can not get any opportunities in the rapidly changing and prosperous Internet age, because the market is full

according to the latest news I learned, before the financing of Xiaoxiang life, according to the meaning of your company, the mode is actually very simple, that is, to increase the number of discount retail chain stores in the community. However, because the income of the company does not support their new chain stores, they have to find another way out. In March, Xiaoxiang life officially announced that it has completed the angel round financing of RMB 10 million, and the company plans to increase about 100 stores in Beijing, Tianjin and Hebei{ RRRRR}

7. Angel round, namely angel investment, refers to that indivials contribute to assist entrepreneurs with special technology or unique concept but lack of their own funds to start their own businesses, and bear the high risks in Entrepreneurship and enjoy the high returns after successful entrepreneurship, In other words, it is a one-time upfront investment made by free investors or informal venture capital institutions to original project ideas or small start-ups. Angel investment is a special form of venture capital.
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