Venture(US:VEMLY) Zheng Quan Shi Bao Wang·2025-09-21 10:46Core Viewpoint - Early-stage investment is not merely a gamble on probabilities but a value-based choice for the future, emphasizing the importance of confidence, foresight, and responsibility in the investment process [1][2] Group 1: Investment Philosophy - The company believes that early-stage enterprises are relatively fragile and require not only funding but also the introduction of industrial resources, management experience, and strategic patience to help entrepreneurs navigate challenges [1] - High Aimin, the general manager, highlighted that the total investment in Cambrian, a leading AI chip company in China, exceeded 900 million yuan, supporting its growth from inception to becoming a unicorn [1] - The current global landscape, characterized by uncertainty and intense technological competition, necessitates a shift from short-term capital to strategic and patient capital that aligns with national strategic needs [1] Group 2: Challenges in Early-Stage Investment - Early-stage technology innovation companies face challenges such as lack of funding, resources, talent, and strategy, which the company aims to address through systematic investment practices [2] - The transformation of scientific and technological achievements is viewed as a systematic project, and the company seeks to attract diverse social capital through a technology achievement transformation fund [2] Group 3: Importance of Entrepreneurs - The most critical element between results and capital is the presence of courageous and innovative entrepreneurs, who are considered the most valuable and scarce resource [2] - The company is actively involved in research to profile entrepreneurs from over 200 invested companies, aiming to understand their growth characteristics and promote entrepreneurial spirit through fund mechanisms [2]