2024年5月，VITURE Pro在北美上市，根据IDC数据显示，截止当年Q4，该产品已占据北美AR眼镜市场超50%份额，助力VITURE成为首个入驻百思买 （BestBuy）的AR品牌，随着海外市场根基渐稳，2024年底，VITURE决定进军中国市场。 「 距离手机能力范围越远，价值越大。 」 在VITURE办公室见到姜公略时，他正抱着大大小小的配件走进来。他模拟的是一种游戏玩家的日常，除了游戏主机之外还需要配大电视、数据线、手柄等等， 因此游戏玩家一般会划定一个固定的角落，轻易不再挪动。 而VITURE打造的AI眼镜就致力于代替一个显示屏，而其余零碎的配件也被姜公略集合在颈环上，后者一个可以挂在脖子上的配件，就此你可以突破物理空间限 制，比如在办公室午休时，用串流技术打开家里的PS5，玩一会黑神话。 自2025年起，市面多数AI眼镜聚焦轻办公场景（如演讲辅助、实时翻译），试图替代手机或电脑功能。 但在姜公略看来， 眼镜需要找到它最大的价值点 - 距离手 机能力范围越远，价值越大 。 VITURE当下专注于补充手机能力最薄弱的地方 - 沉浸感，因此VITURE一直以来都瞄准了游戏玩家群体。 在当下的AI眼 ...

Core Viewpoint - The article discusses the launch of the Lighthouse Founders' Fund (L2F) by Guangyuan Capital, focusing on early-stage investments in AI and frontier technology, aiming to adapt to the changing market landscape and identify new players and opportunities [2][3]. Group 1: Fund Overview - Guangyuan Capital's L2F has successfully raised over $50 million, entering its investment phase, with plans to invest between $300,000 and $2 million in seed and angel round companies [3][4]. - The fund is primarily backed by successful entrepreneurs from the internet and technology sectors, as well as AI industry players, forming an advisory committee to support portfolio companies [5][29]. Group 2: Investment Strategy - The fund aims to capitalize on the current AI development phase, drawing parallels to the mobile internet boom from 2009 to 2014, where many opportunities emerged amid a lack of consensus [3][7]. - The investment strategy emphasizes the importance of early-stage incubation, leveraging Guangyuan's extensive industry resources and expertise to support startups [15][30]. Group 3: Project Examples - The first investment from L2F was made in Lingyun Zhikang, an AI mining exploration company, which integrates AI with geological exploration to enhance industry efficiency [4][11]. - The fund has already identified 15 projects, with 5 investments planned, showcasing its proactive approach in the AI sector [4][29]. Group 4: Market Insights - The article highlights the increasing demand for AI across various industries, emphasizing that AI serves as a universal productivity tool, unlike the mobile internet which primarily focused on connectivity [8][9]. - The current market is characterized by a liquidity shortage, but there is a growing recognition of the value of AI assets, suggesting a future influx of capital into the sector [9][10]. Group 5: Future Outlook - Guangyuan Capital aims to position L2F as a leading early-stage fund, leveraging its unique ecosystem and resources to support entrepreneurs effectively [30][31]. - The company believes that its experience and established relationships within the industry will enable it to facilitate strategic partnerships and drive innovation in the AI space [18][20].

「 在传统银行的技术盲区，挖到泼天流量。 」 Part 01 新规则定义者 在印尼发行一张信用卡意味着什么？ 七年前，YUP创始团队在雅加达调研时，看到本土一些优秀的VC同业者有着很好的教育背景和工作收入，居然申请不到BCA银行（印尼最大的商业银行）一张 基础的信用卡。于是，他们嗅到了机会。 2021年成立YUP后，团队花了三年时间跑通支付底座中最关键的一步——做出用户"愿意用、免费用、还能享受优惠"的信用卡产品。 这个模型如今被验证的结果是： 必须同时解决多重挑战：宗教和文化的根本差异、陌生的监管环境、个人征信的巨大缺失以及贪婪的高利诱惑。 印尼整体接近2.8亿人，收入稳定的工薪阶层超过8000万，其中5500万拥有社保。但除了传统银行服务的那一小撮精英，信用卡渗透率不超过3%，高达97%的人 群连被"设计进系统"的资格都没有。 印尼本土金融机构不论从技术水平、经验know how还停留在"原始社会"。中国出海团队懂技术，但大多无法克制高利贷、Payday loan（发薪日贷款）等产品带来 的诱惑。来自新加坡和印度的淘金者则会选择做BNPL（Buy Now Pay Late即先买后付）比如Kredivo。 ...

Core Viewpoint - The article discusses the significant rise of state-owned capital (国资) in China's primary market, highlighting its role as a major investor and the evolving dynamics of investment strategies in the context of government policies and economic development [1][2]. Group 1: Policy Guidance - The core guidance for the development of state-owned capital in equity investment stems from top-level policies, which have evolved since the establishment of national investment companies in 1988 [12]. - The establishment of local investment companies surged after the State-owned Assets Supervision and Administration Commission (SASAC) was formed in 2003, leading to a proliferation of state-owned investment entities [12][14]. - Recent policies emphasize the need for "patient capital" and the prohibition of preferential treatment for specific operators, aiming to enhance the quality of government investment funds [5][6]. Group 2: Investment Dynamics - From 2014 to 2023, the proportion of government capital in newly raised RMB funds increased from 20% to 41%, indicating a shift towards state-owned capital as a primary funding source [2]. - State-owned capital is characterized by its dual focus on investment returns and local economic development, often requiring a balance between investment, risk, and local job creation [4][7]. - The investment strategies of state-owned entities are increasingly aligned with national economic goals, focusing on sectors like technology and innovation [6][7]. Group 3: Case Studies - Beijing E-Town International Investment Development Co., known as "亦庄国投," has invested significantly in the digital television and integrated circuit industries, demonstrating a model of leveraging state capital for local industrial development [16][17]. - The Xiong'an Group, established to support the development of the Xiong'an New Area, has focused on introducing key industries and managing multiple funds to drive local economic growth [20][21]. - Hefei Construction Investment Group has successfully transformed Hefei's industrial landscape by investing in leading companies like BOE Technology Group, resulting in a significant increase in local production capacity [43][44]. Group 4: Market Integration - The integration of state-owned capital into the market has led to the establishment of various funds aimed at fostering innovation and supporting emerging industries [50][51]. - The restructuring of state-owned investment entities in cities like Shanghai aims to eliminate redundancy and enhance the efficiency of capital allocation [56][58]. - The article highlights the importance of top-level coordination in optimizing the roles of different state-owned investment bodies to avoid overlapping functions and improve overall investment effectiveness [51][52].

Core Viewpoint - The article discusses the evolution of consumer investment, particularly focusing on the experiences of Black Ant Capital and its investment in Lao Pu Gold, highlighting the challenges and opportunities in the consumer sector over recent years [2][3]. Group 1: Investment Journey of Black Ant Capital - Black Ant Capital had a significant fundraising success in 2020, raising approximately 4 billion RMB and USD combined, marking it as the largest fundraising in the consumer sector that year [2]. - The four years between the IPOs of Pop Mart and Lao Pu Gold were filled with challenges, but Black Ant Capital remained committed to the consumer investment space [3]. - The firm’s investment in Lao Pu Gold was driven by a long-standing interest in the brand, which was recognized for its cultural integration and unique market positioning [9][10]. Group 2: Insights on Lao Pu Gold - Lao Pu Gold targets high-net-worth individuals, positioning itself as a luxury brand that incorporates traditional Chinese culture into its products and services [10][11]. - The brand's strategy emphasizes quality over quantity, with a focus on premium locations and a commitment to cultural authenticity, which has contributed to its strong market presence [11][12]. - Despite concerns about high price-to-earnings ratios, the long-term fundamentals of Lao Pu Gold are viewed positively, with the belief that its cultural and artisanal value will sustain its appeal [14][15]. Group 3: Market Dynamics and Consumer Behavior - The article notes a shift in consumer preferences, with Lao Pu Gold seen as a more practical alternative to traditional luxury jewelry, especially during economic downturns [18][19]. - The changing landscape of luxury branding in China suggests that traditional marketing strategies may no longer be effective, as consumers increasingly seek brands that resonate with their cultural identity [19][20]. - Black Ant Capital's investment philosophy emphasizes the importance of understanding consumer needs and market dynamics, particularly in a rapidly evolving economic environment [51][52]. Group 4: Future Outlook and Strategic Focus - Black Ant Capital remains committed to consumer investments, believing that opportunities will continue to arise even during market downturns [51][52]. - The firm aims to refine its investment strategy, focusing on long-term value creation and the importance of cultural relevance in consumer brands [65]. - The article concludes with a reflection on the importance of patience and strategic thinking in achieving investment goals, suggesting a shift from short-term gains to more sustainable growth [66].

「 新的创业缝隙。 」 对于一场创投圈峰会而言，开场嘉宾通常代表着整场活动的气质，所以一位由外婆作为监护人护送而来 的 17岁女孩上台了。 她叫 RPone，从小学开始编程，凭借自学Swift开发的屏幕识别工具ScreenPick，一度冲上App Store排行榜 第六。另一位与她同龄的开发者Randy未能到场的原因是要准备期中考试，他稚嫩的脸出现在巨大的屏幕 上，讲述他写代码到凌晨3点的故事。 这是小红书独立开发大赛的现场，在这个挤满了两三百个独立开发者的场域里，生命力爆裂开来，大家 来自五湖四海，背景各异，有人曾是编剧，有人从大厂裸辞，有人还在上学，有人是钓鱼爱好者，唯一 的共同点是 AI时代的技术平权降临在每个人头上，创业的语境变得更轻巧。 AI native的独立开发者数量在激增，但他们又与其他AI native的创业者不同。他们不会言必谈PMF、产品 力、距离商业落地还要多久，因为这几乎是一种面对投资人的应激反应；他们也不会时刻担心技术基座 的革新会一夕之间颠覆自己的公司，毕竟"独立"，所以轻巧好转身；同时，因为小红书等社区的出现， 使得用户需求变得更容易捕捉。 大部分独立开发者不可能长成字节、美团 ...