Wang Zhaohui, who helped the innovation workshop get Ma Dong, left and set up the "Ruchuan Fund" to dig up projects from the address book

The efficient behavior of saying two big things at a press conference is commendable, although I almost missed the latter one because the organizer sold well, well, so patience is very important... Next to the main topic.

At the media communication meeting held today (April 25) afternoon, Kai-Fu Lee, founder of Innovation Workshop, attended and announced two things: first, the third phase of the Innovation Workshop Fund, which is nearing the end of fundraising, has received a 15 million yuan injection from IFC, and the second is the establishment of a new fund, Ruchuan Fund. Honestly, compared to the previous one, it is clear that the establishment of this new fund is more remarkable.

The name of this newly established sub-fund comes from the "Book of Poetry, Xiaoya Tianbao": "Tianbao Dinger, to Mo Buxing." Such as mountains such as Fu, such as Gang Ruling, such as Chuan Zhi Fang to ...", is an early special fund that mainly invests in the cultural and entertainment industry, has completed the first phase of the fundraising of 200 million yuan, and the capital span is also large enough, from Li Kaifu, Shen Nanpeng, Xu Xiaoping, Cai Wensheng of the venture capital circle, to Chen Kexin, Han Han, Hu Haiquan of the literary and artistic circle, and then to zheng Zhi, the national football captain of the sports circle. It should not be an easy task to bring such people together, if Chuan can do it, it is inseparable from one person, that is, Wang Zhaohui, a former partner of the innovation workshop, and his new identity is the managing partner of Ruchuan Fund.

So, who is Wang Zhaohui?

Last week, the Innovation Factory issued an announcement saying that it had received a resignation report submitted by Wang Zhaohui and resigned from all the current positions in the Innovation Factory for personal reasons. In this regard, there are many rumors and speculations from the outside world, and today the mystery has finally been revealed.

According to the data, Wang Zhaohui graduated from China University of Geosciences (Beijing) and worked in journalism for 9 years in China University Students magazine. In 2005, Wang Zhaohui founded the "International Forum for Chinese University Students" and served as the secretary general. In 2009, he was invited to participate in the early preparations of the Innovation Workshop and became one of the four founding members.

What the data does not show is that the partner who, in the words of Kai-Fu Lee, was "fooled" into the innovation workshop, the principal of the Qunying Association, a senior enthusiast and taster of crayfish, is the "a little bird" of the previous innovation workshop: he has rich network resources at hand, is well-informed, and more importantly, he can form a docking of complementary needs in a timely manner.

Innovation factory investment in Mi Wei is a good case - Ma Dong is lying in Wang Zhaohui's address book, Wang Zhaohui learned the news that Ma Dong was going to leave iQiyi to start a business, so when most people have not reacted, they introduced Mi Wei's project to the innovation workshop, and successfully won, 6 months later, the valuation of Mi Wei rose from 300 million to 2 billion, the largest RMB investment in the history of the innovation workshop has obtained a return of up to 6 times.

It was also this great success that made the innovation workshop determined to maximize the value of Wang Zhaohui's ability to discover and excavate projects. As Kai-Fu Lee said, "For the successful investment of Ma Dong's entrepreneurial project, we can see Zhaohui's vision and connections in culture and entertainment, and it is no exaggeration to say that he is one of the most sensitive people in the innovation workshop in all aspects, and in terms of connections, he is unique." ”

For the innovation workshop, the cultural and entertainment related industries have been promising in recent years, and if they can contact the potential projects in this regard through earlier funds, it is also an extension of the business line for the innovation workshop.

Monetize your network? But it seems a little different # an idea is not necessarily right

In fact, in recent years, many outsiders have joined the venture capital circle across borders, star artists, media people, will be seen as a realization of the resources accumulated in the past, or connections or influence, but the stage of the role is mainly after the project arrives, in the PR level of the blessing - the star who becomes an "investor" still cannot escape the fate of the "spokesperson", and its value is only that after the investment news is released, it occupies several more pages in the major media, and often may fall into the embarrassment of my halo overshadowing the project itself.

However, Wang Zhaohui seems to be planning to use his advantages at an earlier stage. He himself said that the next step, Such as the Sichuan Fund and what he has to do, is to comb through his "address book" from top to bottom, take the time to communicate with potential entrepreneurs, some of them may just have the idea of entrepreneurship, but what to do, how to do it is not clear, that depends on whether he can explore the direction of his entrepreneurship and possible business logic according to his own situation.

Of course, whether this is a better way, it is too early to say, but now there are so many "old people" from all walks of life who want to start a business, Wang Zhaohui and his Ruchuan Fund are busy, and it is obviously not an easy task to help these people in the "address book" find their suitable and feasible entrepreneurial ideas. Under this line of thinking, does it mean that the so-called "grassroots" entrepreneurial projects are directly out of touch with the Ruchuan Fund?

At the meeting, Wang Zhaohui revealed that they have invested in a project made by Huang Lei + Gu Ye + Huang Xi, without elaborating, it is estimated that there will be news soon after.

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