Where are the angels in Shanghai? Probably that’s one question I should not ask. If you have time to participate any tech event, especially those to do with mobile internet, you will, I mean 100%, meet several people saying they are Angels. The mobile Internet is so hot here, hundreds of small teams are working on different apps which does not need much fund to start with. So the angels seem everywhere as they have a small amount of money to invest.

But being an angel, is not just about the amount of money, is about how to find the project, invest the money smartly and more importantly how to mentor the young startup to grow fast. In other words, angels must be professional.

I was talking to Bruno Bensaid, Founder & Partner of Shanghaivest, Angel Investor member of AAMA Angel Group Shanghai (aka AngelVest) and co-founder & organizer of MobileMonday Shanghai. He explained to me how their angel group works. There are around 70 member angels who are high profile people from different industry in the group and around 40 of them are active. Anyone can apply to become a member but there are certain requirements, such as monthly income, experience etc. Each project will be invested by several investors, and the amount from each one is varied, usually $10k and a bit more. Bruno has invested 5 companies in past a few months, including StarryMedia which is co-founded by ex-CTO of MSN China.

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Gang Lu

Dr. Gang Lu - Founder of TechNode. He's a Blogger, a Geek, a PhD and a Speaker, with passion in Tech, Internet and R'N'R.