Entrepreneur & I Dark Horse News (Ma Ninghao) on January 14, the 14th Annual Entrepreneurship meeting sponsored by entrepreneur & I Dark Horse was held online with the theme of "based on expertise and insisting on severe verticality".

The annual meeting of entrepreneurs is broadcast live through Wechat video number, Venture Black Horse Nail account, Sina Finance and Economics, Securities Times, Sina Weibo Corp, Sina News, Daily Economic News, Oriental Fortune and other platforms. The total number of online viewers for the annual meeting is 1.8152 million.

At the meeting, Wang Yizhe, managing director of Everbright Holdings, was awarded the "2021 Special New Investor".

Wang Yizhe's reason for winning the award: he is one of the few managers who have managed two hundreds of billions of funds in China and a start-up operator of a number of companies. He has more than 15 years of experience in investment and financing and enterprise management and operation, and has successfully created a world-class semiconductor and artificial intelligence dollar series fund-Optical Walden Global Fund, and will launch a new fund specializing in specialty in the first quarter of 2022. This year, Indie Indicon successfully listed on Nasdaq in the United States through SPAC, ASR Feijie Technology also successfully landed on the Kechuang Board, and Innovium was acquired by Marvell. He said: the next 10 years will be a golden era of hard science and technology and the transformation of scientific and technological achievements.

Wang Yizhe delivered a keynote speech after winning the award. "it is a necessary process to find a gap in specialization and new industries," he said. Start-up enterprises need to find special industrial gaps and technological gaps in cutting-edge science and technology for development. "

The following is an excerpt of the speech edited by I Dark Horse:

Everbright Holdings is the overseas plate of Everbright Group, which is a market-oriented company with equity investment as its main business. Specifically, Everbright Holdings mainly does two parts of business, one is equity investment, the other is industrial incubation and operation.

As industrial investors, we generally do not call ourselves industrial catchers, but industrial companions and breeders. How can we grow together with industries and enterprises? Let me cite two specific cases.

First, the field of new energy vehicles. In terms of vehicles, we have invested heavily in NIO Inc. and XPeng Inc.; in automotive electronics, we have invested in Indie; wireless charging equipment, a star enterprise in Silicon Valley, in WiTricity;4D imaging radar, and in Arbe.

After more than ten years of construction, the enterprises we have invested in have established a huge new energy ecosystem. In the ecosystem, enterprises need a lot of cooperation, mutual support, joint in-depth research and development of new products.

Therefore, while building the ecosystem, we will cultivate the industry and accompany the industry to grow step by step. We provide enterprises with the support they need in the process of development, including cooperative research and development, creation orders, team members, deep industrial cooperation and other dimensions.

Second, the semiconductor field. Semiconductor is a typical hard technology field. I have invested in many chip design enterprises in this field, including ASR, Indie; chip manufacturing, and core enterprises such as medium and long term Power, Changxin Storage, Shanghai Microelectronics and so on.

In the field of semiconductors, the demand for the industrial chain is very close, and there is a necessary interoperability in design, manufacturing, equipment and material supply and other links. We have built a complete industrial chain in the field of semiconductors, providing ecological companionship and support for enterprises in various fields, such as design, EDA tools, closed testing and so on.

As an investor, I am also a member of the industry. On the one hand, I hope to support enterprises from the perspective of equity investment and debt investment in the primary market to the capital operation in the secondary market. On the other hand, I also hope to help enterprises develop and accompany the continuous growth of the industry through the ecosystem we have built.

With regard to specialization and innovation, there are three problems.

First, the platform of light-asset enterprises. Since 2010, the capital market has had a strong interest in domestic hard-tech enterprises and continued to increase investment. Especially in the past four or five years, there has been a massive influx of capital to promote the incubation of hard-tech industries and the rapid development of enterprises during this period.

The rapid development of light asset enterprises is facing the problem of platform. Many light asset enterprises have reached the stage of M & A platform. At this stage, how should start-up enterprises find their own development space? How not to be merged by giant enterprises, resulting in the loss of market position?

It is a necessary process to find the gap of "specialization and innovation" industry. Start-up enterprises need to find special industrial gaps and technological gaps in cutting-edge science and technology for development.

Second, the problem of "neck jam". Compared with light assets, enterprises with heavy assets are booming. Heavy assets focus on the cultivation of soil, while light assets pay more attention to the fruit.

In the face of the problem of "sticking neck", on the one hand, light assets enterprises should have the ability to develop specialized technology, introduce more scientists and foreign enterprises, and form unique capabilities in the field of light assets. All these require the accumulation of time and the input of resources.

On the other hand, enterprises with heavy assets have played an important role in many fields. In the field of heavy assets, there are enterprise output, there are a large number of enterprises to grow, so the field of heavy assets is a very good opportunity for development.

Third, the transformation of scientific and technological achievements. In the field of hard science and technology, China is catching up with the world and has very good opportunities. Whether it is the school, the government, social capital, whether to follow the trend or create the trend, the country has made great progress. In the new list of specialists, the teams of many top universities have grown up, and a large number of social resources, funds, personnel and policies have poured into the science and technology industry, which will be a very good trend.

Finally, I hope that more social resources can enter the field of hard science and technology, enter the incubation field of the underlying technology, and cultivate our soil, tree trunks and fruits well. From the capital level to the industrial level, it is what we should do.