From Tang Yan and Wu Yongming in the Hammer era to today's Meituan and Wang Xing. Luo Yonghao's financing starting point has always come from his personal charm.
Early investment is to "invest people", and no one can prove the meaning of this sentence better than "super entrepreneur" Luo Yonghao.
According to 36Kr , Luo Yonghao's AR startup "Thin Red Line" recently completed an angel round of financing of nearly 400 million yuan, and plans to continue to open a new round of financing by the end of October.
Thin Red Line Company's angel round financing was led by Meituan Dragon Ball, followed by nine institutions including Jingwei Venture Capital and Lanchi Venture Capital . Meituan Dragon Ball founding partner Zhu Yonghua represents Meituan Fang as a director.
It is understood that the current valuation range of Thin Red Line is 1 billion to 1.5 billion yuan.
In the current special macro environment, financing is difficult to get. It is understood that Luo Yonghao's financing process has also been twists and turns. Although many leading institutions are optimistic about Luo Yonghao himself, they lack confidence in the OS (system) direction of their AR entrepreneurship, and their valuation has also declined from the early 2 billion yuan.
However, Lao Luo is still Lao Luo, and his personal influence is irreplaceable. An investor who has been in contact with Thin Red Line said, "What everyone values is Lao Luo's identity as a super entrepreneur." But as for Thin Red Line itself, investors generally have conservative comments.
In the context of Tencent , Meta and other companies have turned their attention to VR and the metaverse, Luo Yonghao sets his entrepreneurial direction as AR.
Luo Yonghao previously said that he believed that AR is the next generation computing platform. Now VR is more like a game console. If one or two hundred million units are sold a year, it may be the best-selling game console in history. The world holds billions of units at the same time, and can sell more than one billion units of devices every year, so that it can be called the next generation computing platform.
Luo Yonghao is not optimistic about Apple making AR glasses, because when the platform revolution was launched, the overlord of the new world was never the overlord of the old world.
Luo Yonghao wanted to make something like iPhone+iOS in 2007 in the AR era, making Thin Red Line a company similar to Apple on the next platform.
Luo Yonghao also admitted that if he only identified this goal, the realization of the goal should be a lifetime of death. If the product is done well but cannot compete for resources (of other platforms), the highly feasible Plan B is to be invested, controlled or acquired by large companies, and achieve results similar to Android on the next generation platform; if you look at it second, you will also have a great opportunity to be a smart hardware product company called Huawei , Xiaomi , OPPO, and VIVO in the AR era.
Regarding the specific planning, Luo Yonghao said that his hardware team will develop an engineering machine every year, which is only available for internal development and use until the commercial conditions and overall environment are roughly mature before it is launched. During the process of
, the company will also make some relatively certain revenue, such as some applications made for AR, which will be released on the VR platform after a slight change.
Luo Yonghao said, "This should be my last business, I will put everything in it."
