如果你的初创公司正缺启动资金，那融资绝不是 "顺便跑跑流程" 的小事，而是得让你全身心扑进去的 核心工作。 Hustle Fund 联合创始人 Elizabeth Yin，大概是把这个道理讲得最戳人的业内人之一 —— 她既是早期基 金投资人，自己也创过业，还帮过成百个早期团队跑完融资全流程。她分享的几个融资认知，往往能戳 破不少创始人的 "理想主义泡泡"。 今天我们就结合她的实战经验，聊聊融资前你得想透的几件事。 Elizabeth Yin 有句很扎心的大实话："想把融资做透，基本上得投入100%的精力。" 不少第一次融资的创始人都踩过同一个坑：一边约投资人聊，一边还想亲自盯产品迭代、抓技术进度、 管销售数据、筛招聘简历 —— 最后要么融资进度卡壳，要么投资人跟进断档，节奏一乱，窗口期说没 就没。 那该怎么破？正式启动融资前，得先把自己的工作 "清空"： 能暂停的业务，果断按下暂停键；能交接给合伙人或核心成员的事，提前理清楚权责；非核心的杂事， 能外包就外包；重复流程性工作，尽量用工具自动化。 融资期间，CEO的核心任务就三件： 其他事再 "紧急"，也得给融资让路。 很多创始人会问："怎么才能拿到更高估值？" ...

今年5月，历经层层选拔，70个优秀项目脱颖而出，覆盖科技创新、数字经济、乡村振兴、社会企业四 大专项赛道，从物联网AI智能领域到新型工业技术，从新能源研究到绿色建筑产业先行，从小行星的 模拟试验到遥感视角下的气溶胶环境……充分展现山西青年在科技攻关、技术创新、产业升级等方面的 最新探索与实践。 团山西省委有关负责人表示，该赛事已连续举办12届，累计挖掘优秀青年创新创业项目1.4万个，推选 274个省赛精品项目冲刺国赛，获得3金5银29铜的优秀战绩，发掘培育了一大批扎根山西、服务产业的 青年创业项目和人才。 "挑战杯"大学生课外学术科技作品竞赛，全省58所高校9万余名师生参赛，评选优秀项目735个，最终10 个项目入围主体赛和"人工智能"专项赛国赛。从"挑战杯"到"创青春"，团山西省委多次邀请专家、创业 导师，帮助他们不断打磨项目、开拓事业。 "通过AI赋能，我们能精准识别苹果的糖度、褐变、软伤等，实现'无损分拣'，达到了行业的领先水 平。"近日，在山西运城的黄土高原上，一个个红彤彤的苹果，正悄然经历一场"数字革命"。00后青年 创业者翟裕景实践探索出的苹果种植、分拣、加工到销售的全产业链数字化体系，获团山西省 ...

以范崎路长元村段5.5公里道路为轴线，形成的一条集高端度假、特色餐饮、文创体验于一体的"创新创 业活力带"，成为农文商旅体科深度融合、多元人才汇聚的生动样板。 这里，既是外来创业者眼中的"诗和远方"，也是本土乡亲回归的"根与家园"。两种力量在此交织共鸣， 共同演绎着乡村文旅从零散经营向集群化、品质化迭代升级的新篇章。 转自：北京日报客户端 外来创客瞄准高品质供给 在雁栖镇的山水之间，一场由市场活力与政府服务共同驱动的变革正悄然发生。 午后，阳光透过城堡般的玻璃茶室，游客在雁栖镇长元村的北京宝麓酒店内围炉煮茶，静赏远山雪景， 宛如置身山水隐逸画卷。自今年8月试运营以来，这家融合艺术美学与静谧格调的乡村高端美学艺术精 品酒店，迅速成为北京市民热衷的打卡地。 北京宝麓酒店 找渔餐厅 "虹鳟鱼出水20分钟后口感就会下降，必须现杀现烹活鱼。"金弘杨的坚持，源于对乡土风味的眷恋。餐 厅的酸菜是用自家白菜腌制的，鱼是当地养殖的，他说要让顾客吃出"小时候的味道"。 早年在外打工的金弘杨，因父母年迈、孩子上学，最终选择回乡创业，守着土地和家园。他的回归，不 仅是个人的选择，也得到了镇里的大力支持。"政府邀请网红达人来探店宣传， ...

Meta以数十亿美元收购AI初创公司Manus，这是这家社交媒体巨头成立以来第三大收购交易，仅次于 WhatsApp和Scale AI。这笔交易标志着Meta在AI领域的激进投资策略进入新阶段，也为中国创业者在全 球AI竞赛中树立了新标杆。 周二，据《晚点LatePost》，Manus母公司蝴蝶效应在被收购前正以20亿美元估值进行新一轮融资。整 个收购谈判在极短时间内完成，前后不过十余天。收购完成后，蝴蝶效应将保持独立运作，创始人肖弘 将出任Meta副总裁。 Meta此举正值其面临投资者质疑之际。尽管公司在AI研发上投入巨资，包括今年夏天聘请高薪研究团 队开发计划于明年春季推出的新一代AI模型，但市场对这些支出能否在短期内带来有意义的收入存在 担忧。 据彭博报道，Manus今年早些时候的年度经常性收入已达1.25亿美元，通过订阅服务向企业销售AI代 理。这项收购将为Meta在AI领域的巨额投资提供更直接的收入回报。Meta CEO扎克伯格已将AI确定为 公司最优先事项，并承诺在未来三年内投入6000亿美元用于美国基础设施项目，其中多数与AI相关。 资本快速追捧 据《晚点LatePost》，蝴蝶效应在被Meta ...

根据统一部署和安排，11月中旬至12月中旬，学习贯彻党的二十届四中全会精神省委宣讲团省直机 关分团（下称省直机关分团）6位成员，深入省直部门（单位）开展12场宣讲报告会，线上线下受众超 8000人次。 "党的二十届四中全会提出，要完善现代化综合交通运输体系。作为一名交通领域的党建干部，我 接下来的任务就是要积极推动'党建+'机制的落地落实，在交通项目建设、现代物流等关键领域强化党 组织政治功能和组织功能。"12月29日，2026年即将到来之际，交通运输厅机关党委副书记李洪平在工 作日志上写下自己的新工作计划。这是李洪平听了两场党的二十届四中全会精神宣讲后作出的思考。 "学习贯彻党的二十届四中全会精神是当前和今后一个时期的重大政治任务，但要想学到精髓、抓 住关键，仅靠自学是完全不够的，大家都期待专家解读和专人讲解。"省发展与改革研究所党支部书 记、所长杨智懿是省直机关分团首场宣讲报告会的听众，听了报告后，他心中明确了"要聚焦人口、公 共服务等领域，深化'十五五'时期全省经济社会发展目标指标研究论证"等工作重点。 为切实提升宣讲的针对性和覆盖面，省直机关分团提前谋划部署，结合宣讲专家的专业特长与研究 方向，科学制 ...

Core Insights - The AI Coding sector is experiencing rapid growth, with companies like Cursor seeing their ARR increase from $1 million in 2023 to $65 million in 2024, and valuations skyrocketing over six times in just four months [2] - The market is shifting from consumer-focused (To C) coding products to enterprise-level (To B) solutions, indicating a growing demand for AI programming tools in business environments [5][6] - The newly established company "Ciyuan Wuxian" aims to provide AI Coding Agent services tailored for B2B enterprises, addressing the complexities of legacy systems and specific business requirements [6][10] Company Developments - Ciyuan Wuxian has successfully completed a multi-million yuan angel round of financing, attracting talent from prestigious backgrounds, including Tsinghua University and ByteDance [7] - The company's core product, InfCode, launched its first version as a plugin and enterprise-level AI Coding platform, focusing on code governance, completion, review, and task planning [10] - InfCode has demonstrated a nearly 40% increase in development efficiency and an 88% code usability rate, achieving quality comparable to mid-level programmers [11] Market Dynamics - The AI Coding landscape is characterized by a high demand for enterprise-level solutions, with traditional consumer-focused products struggling to meet the complex needs of businesses [20][23] - The introduction of the Forward Deployed Engineer (FDE) model is gaining traction, with companies like Palantir and OpenAI expanding their AI application teams [8] - Ciyuan Wuxian's approach includes integrating AI capabilities directly into the development process, ensuring that solutions are tailored to the unique requirements of each enterprise [19][24] Competitive Landscape - The market for AI Coding products is still evolving, with significant opportunities for companies that can navigate the complexities of enterprise software development [41][51] - Major tech firms are entering the AI Coding space, but their strategies often focus on cloud services rather than building robust product capabilities [41] - The lack of established market standards presents a critical window for new entrants to define their offerings and capture market share [42][51] Future Outlook - The evolution of AI Coding is expected to transition from standalone tools to integrated human-machine collaboration models, fundamentally changing the productivity landscape for software development [43][48] - Ciyuan Wuxian aims to leverage the current market dynamics to establish itself as a leader in the B2B AI Coding sector, focusing on delivering measurable business value [45][51]

Core Viewpoint - The Ministry of Finance and the People's Bank of China issued guidelines to enhance the role of government financing guarantee systems in supporting employment and entrepreneurship, particularly for small and micro enterprises facing financing difficulties [1][2]. Group 1: Government Financing Guarantee System - The guidelines aim to leverage government financing guarantees to improve credit for small and micro enterprises, which are crucial for job creation but often face challenges such as insufficient collateral and weak creditworthiness [1]. - A quantitative evaluation and incentive mechanism has been established to shift the focus of guarantee resources from merely increasing quantity to enhancing quality and efficiency, with a key indicator for employment contribution [1][2]. - The government financing guarantee system is structured to support employment and innovation, with a three-tier organizational framework involving the National Financing Guarantee Fund, provincial re-guarantee institutions, and municipal and county-level direct guarantee institutions [3]. Group 2: Employment Support Measures - The guidelines include a mechanism linking employment contribution to credit limits and re-guarantee fee discounts, which reduces costs for cooperating institutions and ensures effective policy implementation [2]. - The policy expands support to include previous graduates and vocational school graduates, addressing current labor market needs and enhancing fairness and coverage [2]. - The financing guarantee industry estimates that every 1 billion yuan in guarantees can stabilize over 800 jobs, highlighting the significant impact of these measures on employment [4]. Group 3: Financial Impact and Growth - The cumulative scale of re-guarantee cooperation has exceeded 6.7 trillion yuan, with an annual growth rate of approximately 40%, and the average guarantee fee rate has dropped below 1% [3]. - The financing costs for small micro enterprises have decreased to below 5%, indicating a positive trend in financial accessibility for these businesses [3]. - The government financing guarantee system has served over 5.7 million small and micro enterprises, stabilizing approximately 59 million jobs, demonstrating its effectiveness in supporting the labor market [4].

Core Viewpoint - The joint issuance of the "Guiding Opinions on Further Leveraging the Role of Government Financing Guarantee System to Support Employment and Entrepreneurship" aims to enhance the credit and risk-sharing functions of the government financing guarantee system, directing more financial resources to support employment and entrepreneurship, particularly for small and micro enterprises [1][2] Group 1: Government Financing Guarantee System - The government financing guarantee system is crucial for small and micro enterprises, which face challenges such as limited collateral and weak creditworthiness, leading to difficulties in financing [1] - The "Guiding Opinions" will work in conjunction with loan interest subsidy policies to promote effective qualitative and quantitative economic growth, aligning with the central economic work conference's directives [1] - A quantitative evaluation and incentive mechanism will be established to shift the focus of guarantee resources from merely increasing quantity to enhancing quality and efficiency, with an emphasis on the contribution to employment [1][2] Group 2: Employment Contribution Mechanism - The implementation of a dual linkage mechanism ties employment contribution to credit limits and re-guarantee fee discounts, reducing costs for cooperating institutions and ensuring effective policy transmission [2] - The entrepreneurship guarantee loan subsidy policy aims to leverage fiscal funds to support key groups such as college graduates, migrant workers, and veterans in their employment and entrepreneurship efforts [2] - The policy expands support to include previous college graduates and eligible vocational school graduates, addressing current market needs and enhancing fairness and coverage [2] Group 3: Structural Support and Risk Sharing - The Ministry of Finance has developed a three-tier organizational structure for the government financing guarantee system, which includes the National Financing Guarantee Fund, provincial re-guarantee institutions, and municipal and county direct guarantee institutions [3] - The risk-sharing model follows a "20-20-40-20" principle, where different entities share loan risks, achieving full coverage at the municipal and county levels [3] - The cumulative scale of re-guarantee cooperation has exceeded 6.7 trillion yuan, with an average annual growth of approximately 40%, and the average guarantee fee rate has dropped below 1% [3] Group 4: Employment and Economic Impact - Each 1 billion yuan in guarantees is estimated to stabilize over 800 jobs, highlighting the significant impact of the financing guarantee system on employment [4] - The financing guarantee system has served over 5.7 million small and micro enterprises, stabilizing approximately 59 million jobs [4] - The "Guiding Opinions" emphasize the integration of investments in both physical assets and human resources, further enhancing the role of government financing guarantees in stabilizing employment and expanding domestic demand [4]

Core Insights - The Douyin Youth Creator Growth Program (referred to as "Youth Creation Program") has achieved significant results by the end of 2025, with 14,000 young creators earning over 800 million yuan in cash income and their works accumulating over 5 trillion views [1][5] - The program, guided by the Ministry of Education, aims to support young creators through a comprehensive service system that includes creative courses, traffic support, and commercial monetization [1][3] Group 1 - By the fall semester of 2025, a unique course titled "Platform Content Creation" was launched at Renmin University of China, teaching the creative logic and platform mechanisms of Douyin [3] - The Youth Creation Program has launched a total of 120 creative courses, covering nearly 100 universities nationwide, to help creators establish a clear growth path [3][8] - Over 30.86 million young people took their first steps in content creation on Douyin in 2025, with many achieving rapid success, such as creators receiving over 1 million likes on their first submissions [5][7] Group 2 - Since July 2025, creators under the Youth Creation Program have produced 7,413 works with over 10 million views, and 260 creators have entered the "Million Fans Club" [7][8] - The program has invested over 10 billion yuan in special traffic support to help young creators transition from hobbies to professional careers, with new creators receiving targeted incentives for their first three original works [7][10] - The average time for creators to reach 100,000 fans is nearly 60 days faster than other quality creators, indicating a strong alignment between youth creators and their audience [8] Group 3 - Young creators have successfully integrated traditional culture with modern expressions, as seen with the national intangible cultural heritage inheritor who combined shadow puppetry with popular culture, achieving significant viewership [14] - The program will continue to invest more resources and improve support systems in 2026 to facilitate deeper growth for young creators [14]

Market Overview - The ChiNext Index fell by 0.66%, closing at 3222.61 points, with a total trading volume of 543.95 billion yuan, a decrease of 34.776 billion yuan from the previous trading day [1] - Among the tradable ChiNext stocks, 605 stocks closed higher, with 18 stocks rising over 10%, while 757 stocks closed lower, including 9 stocks with declines exceeding 10% [1] Trading Activity - The average turnover rate for the ChiNext today was 3.76%, with 30 stocks having turnover rates exceeding 20% [1] - Notable high turnover stocks included Nabichuan, which had a turnover rate of 64.26% and a closing price increase of 10.87%, and Tian Su Measurement, which had a turnover rate of 60.69% but a closing price decrease of 9.11% [1][2] Institutional Participation - Eight high turnover ChiNext stocks appeared on the Dragon and Tiger List, with significant institutional buying in stocks like Jiayuan Technology and Yingfeite, which saw net purchases of 102 million yuan and 85.596 million yuan respectively [3] - The top net selling stocks included Jiayuan Technology and Guanglian Aviation, with net sales of 210 million yuan and 131 million yuan respectively [3] Capital Flow - Among high turnover stocks, 15 experienced net inflows from main funds, with significant inflows into Yinbang Co., Yingfeite, and Haozhi Machinery, amounting to 428 million yuan, 170 million yuan, and 163 million yuan respectively [4] - Conversely, stocks like Haixia Innovation and Shennong Agriculture saw substantial net outflows, totaling 244 million yuan and 139 million yuan respectively [4] Earnings Forecast - Two high turnover stocks provided earnings forecasts for 2025, both indicating profit increases, with Tian Su Measurement expecting a net profit increase of 10.31% and Nabichuan expecting a 9.72% increase [4]