January 13, 2013, Tsinghua Entrepreneurs & Executive Club (TEEC) Angel Fund Investment Summit was held at InnoSpring.
The summit attracted more than fifty guests, investors, industry experts and entrepreneurs. Mr. Eugene Zhang, CEO of InnoSpring and General Partner of TEEC Angel Fund kicked off the summit with his welcome speech.
Mr. Dave McClure, founding partner of 500 Startups, an early-stage seed fund and incubator program, delivered his keynote speech talking about his insights in early-stage investment and today’s incubator business model.
Keynote speech by Mr. Dave McClure, Founding Partner of 500 Startups
Mr. Chun Xia, Mr. Michael Jin, and Mr. Jin Lin from TEEC Angel Fund (TAF) summarized TAF’s work in 2012. Following that was a round table discussion titled ‘US and China early stage Investment ecosystem/opportunity/challenges’.
Round Table Discussion
13 TEEC Angel Fund portfolio companies gave their presentations to the audience. Featured companies include Trustgo Mobile, Love with Food, Lex Machina, Socialvilla, and Mode Walk.
Closing speech by Mr. Xiangyang Yang, TEEC Chairman
Mr. Xiangyang Yang, TEEC Chairman summarized the event and gave his speech to close the summit.
About TEEC Angel Fund
TEEC Angel Fund (TAF) is a super angel fund with strong mindshare with entrepreneurs. TAF is founded and operated by entrepreneurs and executives graduated from Tsinghua University of Beijing, China. Our mission is to back the world’s star companies of today and tomorrow. TEEC Angel Fund members have deep startup, operating or investment experiences.
Tsinghua Entrepreneurs & Executive Club（TEEC） is an organization founded by Tsinghua alumni entrepreneurs to promote innovation and entrepreneurship in high tech industries. In 2001, a group of Tsinghua alumni entrepreneurs started Tsinghua Entrepreneur Group (TEG) in Silicon Valley，which was the predecessor of TEEC. On April 23rd, 2005, 40 Tsinghua entrepreneurs from all over the world founded TEEC officially in Beijing Tsinghua Science Park. The mission of TEEC is to provide a platform for TEEC members to be a resource for each other, to receive, return, and offer help to each other. TEEC aims to support aspiring young entrepreneurs. TEEC has more than 200 c-level members, mainly involved in industries including information technology, semiconductor and clean tech, financial services, bio-medical and healthcare. It currently has chapters in Beijing, Shanghai, Shenzhen and Silicon Valley. Among the nearly 100 companies founded or managed by TEEC members, more than 20 went public successfully on both national and foreign stock exchanges. The majority of the companies founded by TEEC members have received funding from well-known VC/PE firms, with investment surpassing more than 10B RMB. Those that have gone public have a total market value of more than 100B RMB. The private equity funds started or managed by TEEC members are worth tens of billions of RMB.