本报讯(记者袁传玺)天眼查App显示，近日，厦门市科创风投合伙企业(有限合伙)成立，执行事务合伙 人为厦门海峡科技创新股权投资有限公司，出资额50亿元，经营范围为以自有资金从事投资活动，由厦 门科技产业化集团有限公司、厦门市炬盛隆投资合伙企业(有限合伙)、厦门海峡科技创新股权投资有限 公司共同出资。 ...

Core Insights - Wealthy families in North America are shifting their investment strategies from high-risk startups to private credit and real estate, with private markets now making up 29% of their portfolios [1][3]. Investment Trends - The North America Family Office Report 2025 indicates that private markets account for approximately $62 billion of the $215 billion managed by North American family offices [3]. - Private credit, direct private equity, and real estate are expected to see increased allocations in 2025, driven by higher interest rates offered to borrowers in private credit [5][4]. Real Estate Focus - Real estate remains a favored investment, with about 75% of family offices holding real estate assets, particularly in industrial and logistics (30%) and residential housing (23%) [6]. Venture Capital Decline - There is a notable decline in early-stage venture investing, which has fallen from its previous top position due to poor performance and disappointing returns from private equity and venture capital [12][13]. Shift in Investment Objectives - A significant shift towards stability is observed, with 48% of family offices prioritizing liquidity improvement and 33% aiming to de-risk their portfolios for 2025 [15]. - Average return expectations for 2025 have decreased to 5%, down from 11% in 2024, with 15% of family offices now anticipating negative returns [16].

Core Insights - Benchmark has experienced significant leadership changes, losing three General Partners (GPs) in the past two years, while also adding a new GP, Everett Randle, who has a strong background in AI investments [1][4][5] Group 1: Leadership Changes - Victor Lazarte, a key figure in Benchmark's investment in HeyGen, has left to start his own VC firm, marking a notable shift in the firm's leadership [1] - Everett Randle, previously a partner at KP, has joined Benchmark, bringing a wealth of experience in AI investments [1][2] - The firm has emphasized a flat organizational structure, valuing equal power and responsibility among partners [5] Group 2: Investment Performance - Benchmark's investments in AI have yielded impressive results, with many projects experiencing rapid revenue growth or securing multiple funding rounds [5] - Recent notable investments include a $25 million Series A round for an AI document product and a $105 million Series B round for Cursor, an AI programming tool [6] - The firm has also led significant funding rounds for AI-related projects, such as $85 million for Exa, which aims to create AI-centric search solutions [7] Group 3: Notable Projects and Valuations - Benchmark's early investments in AI projects like Cerebras have resulted in substantial valuations, with Cerebras recently achieving an $8.1 billion valuation after a $1.1 billion Series G round [8] - The firm has invested in various AI sectors, including AI coding, bug detection, and sales tax compliance automation, showcasing a diverse portfolio [6][8] - Benchmark's involvement in projects like HeyGen and Manus highlights its influence in the Chinese market, with HeyGen achieving $100 million in annual recurring revenue (ARR) [8]

Company Update - Alset AI Ventures Inc. announced the expiry of its early warrant exercise incentive program, which was designed to encourage the early exercise of up to 19,999,993 outstanding common share purchase warrants held by Warrantholders [1] - The Incentive Program expired on September 26, 2025, and no Eligible Warrants were issued during this period [1] Company Overview - Alset AI is an AI-focused venture investment platform that aims to source, fund, and develop companies across the artificial intelligence value chain [2] - The company seeks to provide investors with diversified exposure to emerging applications and infrastructure that enable advancements in AI technologies [2]

Venture capital performance may be measured in ten-year chunks, but only an elite club of firms can claim to have stayed consistent—let alone functional—for anywhere close to that timeframe. David Tisch’s BoxGroup, which boasts 16 years of operation and just closed $550 million in new funding, can claim a spot among those ranks. For Tisch, the secret has been to serve as the Switzerland of VC. Many of the industry’s top outfits gain their reputations from leading monster deals or jockeying for board seats ...

当前，投早、投小、投科技成为创投行业共识，许多投资人瞄准科技创新的源头，来到高校和科研院所 去追寻好项目。 另一方面，当新一轮科技革命和产业变革加速演进，促进科技成果转化成为日益受重视的议题。创投机 构提供的耐心资本也为打通"最后一公里"难题，提供了充足的养分供给。 可以看出，科学家和投资人——这两个同样具备"预见未来"天赋的群体，"友谊"又被放大。当科学家遇 见投资人，将碰撞出什么样的火花？10月下旬，"科学家遇见投资人"闭门研讨会（西安交大专场）即将 举办。 据悉，首期"科学家遇见投资人"研讨会于2023年7月举办，活动由南财集团、21世纪创投研究院联合西 湖大学、西湖教育基金会共同举办，此后，21世纪创投研究院还联合清华大学等国内顶尖高校学府联合 举办"科学家遇见投资人"闭门活动。 本次活动走进西安交通大学，预计年内还将举办西北工业大学专场活动、西安电子科技大学专场活动。 希望通过"科学家遇见投资人"活动在陕西省内重点高校及科研院所持续落地，将活动从"事件"转化为持 续赋能的影响力行业IP。 一、活动概况 【活动主题】融合·共创·新动能 科学家遇见投资人 【活动时间】2025年10月28日（暂拟） 【活 ...

Core Insights - A new venture capital fund named Nanjing New Industry Biomedical Concept Verification Venture Capital Fund Partnership has been established with a total investment of 300 million yuan [1] Group 1: Fund Details - The fund's investment scope includes venture capital limited to investing in unlisted companies [1] - Activities include private equity investment, investment management, and asset management [1] Group 2: Investors - The fund is co-funded by Nanjing New Industry Investment Group Co., Ltd. and Nanjing Zijin Science and Technology Innovation Mother Fund Partnership [1]

Rob Biederman thinks there’s such a thing as too much money. “Excess capital covers up intellectual laziness,” he said. “The best, best companies never burned any capital, because they were rigorous about finding ways to make people pay for their product.” Biederman, managing partner of Asymmetric Capital Partners, has a point. Consider, for example, Google—which raised a mere $25 million prior to its 2004 IPO—or Atlassian, which raised about $60 million in VC dollars before taking on the public markets. ...

Core Insights - A new venture capital firm named Ningbo Zhenhai Weiyuan Lingxi Robot Venture Capital Partnership (Limited Partnership) has been established with a registered capital of 100 million RMB [1] Company Information - The managing partner of the new firm is Weng Ningning [1] - The firm is co-funded by several entities, including Ningbo Zhenhai Industrial Investment Private Fund Management Co., Ningbo Zhenkai Group Co., Ningbo Zhenhai Industrial Investment Development Co., and Zhejiang Xiasha Precision Manufacturing Co., Ltd [1] Business Scope - The primary business focus of the new partnership is venture capital investment [1]

Core Insights - The venture capital industry is facing significant challenges due to an oversupply of capital and a lack of profitable companies to invest in, leading to the assertion that investing in venture capital is a "return-free risk" [1][5] - Roelof Botha highlighted that the industry requires an unrealistic number of successful exits, citing the need for 40 companies like Figma, which had a $20 billion IPO, to achieve expected returns [2] - The venture capital landscape has seen a decline in exciting IPOs and successful exits, with only an average of 20 companies achieving exits of $1 billion or more annually over the past 20 to 30 years [2][3] Industry Trends - There is a growing concern that investors and startup founders are prioritizing quantity over quality, resulting in a dilution of talent across less interesting ideas and companies [3] - The venture capital sector has experienced a rough year, influenced by economic uncertainty and a scarcity of high-profile IPOs compared to the peak activity in 2021 [3] - Notable exceptions in the current market include significant deals related to AI, such as Google's acquisition of Wiz for $32 billion and OpenAI's $40 billion funding round, which provided some investors with opportunities to achieve better returns [4]