5-Year Report Card Of Shanhang Capital: "2 + 20" Strategy Verification, Organization Continuous Evolution

From the beginning of the epidemic in 2020, the global economic situation is still uncertain. In the shock, China's economy has gone out of its own unique road, while many industries are developing, they are accelerating on the road of digital driven reconstruction.

On November 6, at the "2020 annual meeting of investors of Shanhang capital", the founding partner of Shanhang capital, Xu Shi, explained to the investors what he thought, what he did and the main investment direction in the future in the current turbulent environment.

Aiming at super racetrack and head enterprises, Shanhang capital has been established for 5 years and achieved remarkable results. On the trillion level track of travel, online education and new consumption, many unicorn and industry leader companies have been invested, including melon seed used car, ideal car, relx Yueke, flash delivery, spark thinking, whale foreign teacher training and walnut programming, etc.

For Shanhang, the strong entrepreneurial industry gene of the founding team is its characteristics and advantages, which is the difference with other funds. The properties of founders fund enable them to have user perspective, long-term perspective and final thinking, make correct judgments and choices on the industry, and continue to grow in the capital market.

Digital survival

To invest well, investment institutions should not only understand every "capillary" of the industry, but also have a "overall view". Shanhang capital, which is committed to capturing the huge investment opportunities in the industrial structure reform, has been resonating with the great times.

Since the outbreak, how to grasp the direction of the future in the great shock has become an issue of concern to the capital market. Xu Shi observed that in the transition period from industrial civilization to digital civilization, digitalization has become a survival challenge, and enterprises and individuals are facing active or passive upgrading. As a fund manager, long-term variables, short-term variables, real rigid needs and short-term changes have become her propositions to think about.

In Shanhang's view, after 2020, the real offline enterprises will no longer exist, and digitalization will really run through all industries. Digital drive has played a role in promoting industrial transformation, efficiency improvement and scene optimization. Only those with real entrepreneurship can grasp the pulse of the times.

"The development of choke technology will force a series of industrial upgrading and hard technology investment, including the new energy vehicle travel field, global supply chain field and China's supply chain digitization." Xu Shi said.

"2 + 20" strategy

In 2020, when Shanhang was established for more than four years, it gained the listed company ideal automobile.

"We believe that the early harvest year of our start-up will come next year and the year after next. We will have some companies going to the domestic science and technology innovation board and listing overseas. We have a strong sense of awe and common sense towards the capital market, and we will die day by day." Xu Shi said.

Shanhang's firmness comes from the "2 + 20" catcher strategy, and always strives to independently think and summarize the system methodology to judge what a good company is.

In the past year, there were about $20-billion of Internet companies and about $100 million in the past year. Shanhang adheres to the "2 + 20" strategy from a long-term perspective, creates an ecology around the head and high potential entrepreneurs, and effectively selects companies with growth and technological innovation capabilities.

Since its establishment, based on the continuous iterative investment methodology, Shanhang capital has a deeper understanding of the structural opportunities in industrial restructuring, and has been practicing it constantly.

So far, many unicorn and industry leader companies have been invested in the trillions of track such as travel, online education and new consumption, including melon seed used car, ideal car, relx Yueke, flash delivery, spark thinking, whale foreign teacher training and walnut programming, and participated in the incubation of many companies to help them grow rapidly.

Institutional Evolution

Since its establishment five years ago, Shanhang has gradually developed a set of unique methodology.

"Mountain walk is a firm long-term deep cultivation of large track, constantly sum up experience in practice, and cultivate core competitiveness. An excellent fund can not be a shortstop. It must have its own methodology in order to survive in the market. " Yang Haoyong, the founding management partner of Shanhang capital, concluded, "we should be able to see accurately and invest in it."

From the guidance fund to today's founders fund, it has also undergone deep thinking. In addition to providing "war ammunition", mountain trek can also provide support from "combat strategy" in combination with its own actual combat experience, so as to resonate with entrepreneurs with empathy.

"We are all founders. We know what abilities and skills are suitable for entrepreneurs and what is suitable for the team to do. We share and exchange experiences and lessons, and find the top entrepreneurs to grow and evolve with them." Yang Haoyong said.

Shanhang is committed to becoming the "founders fund that understands entrepreneurs better". This ability is not only a personal ability, but also helps the invested enterprises to make decisions at the strategic and brand levels, promote subsequent financing, and greatly improve capital efficiency by linking China's top Internet entrepreneurs and top 20 Internet company executives.

The background of the founders fund attracts top entrepreneurs to the mountain. In his opening speech, Yang Haoyong paid tribute to the enterprisers and their spirit who adhered to their original intention in the big shock environment. "Entrepreneurship is an irrational thing. Most entrepreneurs experience the darkest moment in their hearts. Only those who have faith and flame in their hearts can stick to their original intention and believe in the power of trust in the great age of turbulence. Only in the ups and downs of the ups and downs of persistence, to find more new opportunities. They should be applauded, given help and courage. "

Xu Shi said that the next step of institutionalization will focus on digging deep into the industry, building a core entrepreneur ecosystem and fund management and exit.