2018, the year when the golden age of entrepreneurship ended
Last night, this in-depth report released by 36Kr received more than 500,000 reads and about 40,000 retweets.
In the past year, the ups and downs of the venture capital industry - the fluctuations of capital, the difficulties faced by entrepreneurs such as poor financing, weak growth, forced layoffs, etc., have been infinitely diffused and amplified in the screen forwarding of this article.
From last night to this morning, we went through the circle of friends of CEOs of companies large and small.
Some of them, walking to the middle of the road, heard this thunder, only to find that the twists and turns may not be exchanged for the future willows and dark flowers. Cruel as this, in the view of Wang Huiwen, co-founder and senior vice president of Meituan Dianping, this is what the "second half" should look like.
Others, on the other hand, unexpectedly applaud, because the end of one era often means the beginning of another. They decided that the new era had its own ferry ticket.
We try to hear the voices of entrepreneurs and investors behind the screen, hoping to inspire each other's vision of the future with everyone's deep thinking.
So, in 8 hours, we threw three questions to more than 50 VC people, and their answers were realistic, some funny, some more brain-than-imagined. At the same time, we have also compiled some of the readers' entrepreneurial feelings, and I hope that you can also gain strength from the following views and know how to go to the future.
Text | Entrepreneur, investor, 36Kr reader
Interview finishing | Yuan Ling, Yang Xuan, Jenni, Jia Min, Yong Yi, Liu Shiwu, Si Qi, Meng Yue, Xiao Shi, Chen Shaoyuan, Chen Zhiyan, Liu Jing, Xiong Yi, Fang Ting, Shen Dong
Image | Visual China
<h1 class="ql-align-center" > what year would you turn the clock back if you could turn back time? What to do? </h1>
@ Wang Xin Founder & CEO of Yunge Intelligence, Founder & CEO of the original fast broadcast
No matter what year I go back, I'm always doing what I want. For me, the present is the best of times.
@Huang He Founder and CEO of Magic Crystal, founding team member of Talkbox, prototype of Lucca in the Age of Entrepreneurship
I want to go back to the middle of 2011, when TalkBox was an innovator in mobile voice chat but lost in the "Thousand Letter Wars". When WeChat is already growing at a high speed. We should decisively abandon the Chinese market, not to compete with domestic giants, but to fight in Southeast Asia, which already has an advantage. Because of the wrong decisions of that year, we not only lost the Chinese market, but also lost the number one position in Southeast Asia, and were replaced by new social software such as LINE.
@Gu Jun Co-founder of Wheat Shop
Back in 2015, we will focus more on the ultimate social e-commerce that is correct. At that time, when doing a project, I wanted to do Pinduoduo, Yunji, and Xiaohongshu, and now I look at which one is right to focus on, but it is wrong for an early company to do it.
@LianJie Order Rabbit founder
I hope to go back to 2008. I spend all my time researching users and products. Ignore all hot spots, trends, ignore the views of all investors, and don't even take the time to read entrepreneurial reports.
@Qu Fang Xiaohongshu Founder
If only in the last ten years, then in 2008, it will start a business without hesitation, and there is no need to wait until five years later.
@Wan Xucheng SEE small electric shop founder
Back 10 years ago, I would have taken a long break from school all in Internet entrepreneurship.
10 years ago happened to be my first suspension to start a business, I took a break from Wuhan University for half a year, as a design major, on the Internet taught myself code programming to build a foreign language learning BBS, now look back at the traffic at that time is almost free, in the end of the world to post once, you can get tens of thousands of traffic. Later, the project was interrupted because of the return to school, and some other entrepreneurial attempts were made later. Looking back now, the series of attempts at that time were more based on enthusiasm for the Internet, but lacked an understanding of business, which is why many attempts did not persist.
Founder of @Tu Xiwei FUSE
My ideas have nothing to do with starting a business, the clock is set back in 2008, I will go crazy to buy a house.
@Ren Jing Guide Cat Founder
Go back to 2009 and buy Bitcoin and wait until 2017 to sell it.
@Yin Jiankun Foreign Land Good House Founder
I probably wouldn't have chosen any one year to turn the clock back. Not because I'm a realist, but because I really feel that now is the golden age of living in a foreign country, sooner or later. The time and place are favorable, and no one can be less.
@High Road House Evolution Dynamics Founder
2016. That year, we made two mistakes, one was to consume too much time and resources in the wrong direction, and the other was that the company did not take more money on the cusp. Back in that year, two things will be done: 1, first seek the far, and then move; 2. When you should take money, take more money.
@Heyuan Is a 25-year-old serial entrepreneur who has been in business for 13 years
Many of the entrepreneurial opportunities that seem to be within reach have nothing to do with people who are not deeply involved on this runway.
If I could go back in time, I would tell myself ten years ago that those opportunities did not belong to you who were not prepared, and the only thing you should do was to cultivate your resources and capabilities in content and business, and prepare for future opportunities. Don't look at anything just in.
@Eggplant "Taiwu Painted Scroll" Luozhou Studio Founder
If you can go back in time, you most want to go back to three years ago, and strengthen your determination to make your own program at the beginning, so that you will not waste a year of production time because the programmer you are looking for is not suitable. However, having said that, in fact, everything has a process that must be experienced, and if you lose the process, the result may be completely different, and in addition, I also believe that no matter what, it is the process that is more meaningful, just like playing a game, and the experience process is far more interesting than the clearance.
@Chen Yuetian Partner of Chenhai Capital
Clock back, it must have been 2008, so that all the wrong choices I've made in ten years can be correct. Then I will be able to retire after ten years.
decision? The most regrettable decision is not to invest in Miha Tour.
@Guo Shanshan Partner of Sequoia Capital
Those bad decisions are precious, and without these bad decisions, the most important right decision cannot be ushered in. Moreover, the wrong investment decision, the verification time is short, and it does not take long for you to know that the wrong investment is made. Therefore, I am not willing to change those wrong decisions, especially those with low cost.
@Xiao Min Partner, Matrix Partners, Matrix Partners
There are too many missed projects, it is difficult to return to which project decision point, haha! You may choose to go back to 8 years ago before joining Matrix Partners and choose to start a business instead of joining a VC. The past 10 years have been the golden decade of entrepreneurship, and this historic dividend opportunity in the mobile era is very scarce. Although entrepreneurship and VC are both deep understandings of the times, the intensity of happiness brought about by changing the world with their own hands and helping others change the world is still different. Of course, I also really like the work of VC, and I also love the platform of Matrix Partners that helped me grow.
<h1 class="ql-align-center" > startup seems to be getting harder and harder, what traits do you think people are more likely to seize the opportunities of the next era? </h1>
@High Road House Evolution Dynamics CEO
I think it has nothing to do with time, the traits of successful entrepreneurs and the crowd portraits of Nobel Laureates are quite similar, Buddha and Hitler. The former represents, endless tolerance and meticulousness, such people can gather talents and resources, opportunities through multi-level tentacles, will always radiate to them; the latter represents paranoia, for their own career paranoia and faith, can push products, services, models, teams are pushed to the ultimate for the goal of service.
@Luo Ming Vegetable Dongpo Founder
Entrepreneurial success has nothing to do with most people. In the past decade, there have been countless opportunities to succeed in a small business with an annual revenue of tens of millions of yuan, even if it is a small enterprise with an annual revenue of tens of millions, there will be more opportunities in the future. Every year, there are tens of millions of businesses, millions of individuals, but they are not considered to be hugely successful startups.
Products that hold high, occupy the market by burning money, or subsidize users with money are ultimately difficult to survive for a long time. This year's capital environment is sluggish, but there will be some other opportunities - to find some exceptions to the needs of users that the existing system cannot meet, which may be the just needs of this part of the user, through the rapid provision of product solutions, you can find large markets through small groups.
Product managers in the ascending channel should have the ability to identify "exceptional" needs, and seeing opportunities is more important than giving solutions, which is also the sense of business of making products that I mentioned to you earlier.
@Liu Mengyuan Yi Ersan Founder
Growth personality and judging the situation.
For entrepreneurs, learning and rapid growth after a passion is very important, with reference to Kruger's psychological effects, many people are in the first state, that is, "do not know what they do not know", such as want to reach "know what they do not know" and "know what they know", this growth and learning is not the input of knowledge and information, but the expansion of the thinking channel.
Judging the situation does not mean that the current is not a good entrepreneurial time point, in fact, the test is whether the entrepreneur can penetrate the phenomenon to find the essential needs, the real value of a company lies in whether the product value is just to meet the value of user needs, if you can do this, it will always be a good entrepreneurial time point.
Another meaning of judging the situation is that founders should prejudge and prepare for the overall environment in advance, grasp the stage they are in, advantages and disadvantages, choose what kind of people to cooperate with, and make the right choice, which is actually a test of the comprehensive ability of entrepreneurs. For example, Yi Ersan accepted Ali's war investment in September this year, which is not a "team" problem understood by the outside world, but as a startup company that is still in the development stage, for Yi Ersan, the greater value lies in the joint discussion of the entire track at the business level.
To sum up simply, it starts from the entrepreneurial spirit and long-term from the entrepreneurial spirit.
In fact, starting a business has always been difficult, in fact, I don't understand why entrepreneurship has become so "simple" in the past 10 years. I believe that businesses born in easy times will not be great. Suffering glory and phoenix nirvana are justified, which are the prerequisites for a company and an entrepreneur to understand and accurately understand human nature.
@Li Wei Wanda Cinema Game COO
Entrepreneurship itself is hard, and massive capital bubbles have brought about false prosperity and self-misjudgment. Companies with an international outlook but a strong ability to do things can succeed. You can take a look at the public reviews, today's headlines and Didi.
To deeply understand users, to do a good job in product services, we must first focus on expansion and then consider expansion. The team must be professional and pragmatic, must be able to integrate resources to hold the thigh, must be able to study the opponent in depth. The above requirements are not taken seriously by many teams. In fact, it is to establish a real and not self-deceptive advantage, and really cherish the opponent. Expanding user models through advertising and subsidies is a false boom that won't work.
If there is only one requirement, it is this: the person who grits his teeth and perseveres to the end.
Founder of @Yang Yi Flow
Now it is basically difficult to achieve ten-fold growth in a single point of innovation breakthrough, so comprehensive characteristics are needed.
This question is actually more difficult for me to answer, I am just an ordinary person who wants to make games, and I have not studied such a profound "knowledge", but if as far as game production is concerned, I think game makers should constantly open up new situations and let players play new things, one of the essences of human beings should be to explore the unknown.
I think that just because it's difficult to raise money doesn't mean it's hard to start a business, because the problem of difficult financing is fair to all entrepreneurs. The cost of starting a business, such as manual rent, which is inflated by funds, will also come down. After the economic growth slows down, the competitive competition of enterprises is transformed from the ability to compete on the demand side to the optimization ability on the supply side, and it is possible to contribute to the supply side only after drilling deep in one field and doing more than 30,000 hours.
The essence of entrepreneurship is to run a business, the goal of the enterprise is to maximize the interests of shareholders, and making money is fundamental. If a company can't even make the most popular money, it is even more difficult to achieve a better ideal.
Long-term vision, great flexibility, can withstand loneliness, cruel enough to themselves, fixed in heart, not blindly follow the trend, do not consider temporary gains and losses, willing to be grounded, anti-elite culture elites.
In the early days of every technological revolution, entrepreneurs can enter the industry regardless of background and resources and obtain early dividends, but after the current Internet peaks, the threshold for people is first of all generated, and the Matthew effect is becoming more and more obvious.
Excellent entrepreneurs must have a deep understanding of technology, the Internet economy and business operations. The necessary traits of founders and companies must be "no boundaries", maintain chaos and original intentions, and change is the norm. Future entrepreneurs must be technology-driven entrepreneurs who have a strong enough understanding and interest in technology, are sensitive to new changes and are put into practice.
@Liu Bo, Partner of Qingliu Capital
Growth masks problems, crises expose problems, and problems are exposed before they have a chance to be solved. The era of big water and big fish can make many people call "entrepreneurs", but the economic downturn can test who can solve the problem and eventually become the "keeper"; people who really believe in what they do will stick to it, and feel that people who are doing what they believe for VCs will be out.
This economic environment is now a good thing for entrepreneurs. Good companies have the ability to cross the economic cycle, and dying on the beach after low tide, in addition to bad luck, is more basic work is not solid. To enjoy the glory of entrepreneurial success, you must endure tens of millions of torments. The environment is harsh, and the noise is less. Practical entrepreneurs should not be anxious about this, good companies can always raise money, nothing more than a small amount of financing, a reasonable valuation, a longer cycle.
In general, the requirements for entrepreneurs are getting higher and higher. After the hustle and bustle has passed, it is necessary to work intensively, and it is difficult to succeed in a hurry. In addition, entrepreneurs based on basic technology will open more and more, and more and more entrepreneurs will transform the industry. The basic quality of entrepreneurship will also be improved.
<h1 class="ql-align-center" > where do you see future opportunities? </h1>
@Xu Zheng Founder and CEO of Daily Excellent Fresh
The future opportunities lie in land, sea and air:
(1) Empty: AI
(2) Lu: deep ploughing industry
(3) Sea: internationalization
@Wei Jidong CEO of Songling Robot
Ten years later, there will be two main tracks, IOT first, driverless second.
A new type of intelligent business based on people.
@ An entrepreneur
Try to survive.
Give up fantasies and prepare for struggle. The only people who can accompany you through the cold winter are the users. In the long run, it is good that dividend-oriented investment institutions and entrepreneurial teams exit the market.
@Hou Bo Mr. Raccoon Founder
Chinese, labor costs are still very low, so in the short term do not look at the enterprise service market. However, it is optimistic about Made in China (the birth of Chinese brands), agriculture (many people can enhance the advantages of agricultural products), and virtual social networking (the part of the demand that real social networking cannot solve).
We continue to be optimistic about the head opportunities of the segment of the game market, the opportunity of globalization. Also optimistic about games + opportunities, such as games + education.
@Feng Yu Good Live Founder
I would love to jump out and make a point, if your premise definition of "entrepreneurship" is "financing", then there is no point in looking at the opportunity to look at the future without the group of investors, for this type of entrepreneurship, the future is a three-dimensional equation: entrepreneurs, users, investors. But if we don't limit "entrepreneurship" to the premise of "financing", the future is everywhere, and I have seen too many wonderful entrepreneurs who do not raise funds.
People in cold areas tend to be more effective.
I don't think it's necessary to predict the outlet, before each YC Demoday starts, YC CEO Sam will tell the entrepreneurs who will appear on stage for a while, Demoday is cruel, there must be some companies that are popular and sought after by capital, while some companies are unattended and have no income. But in the history of YC's incubation, the most successful companies are often those that have become the "outlet" of capital after 2-3 years of Demoday. "Make something people want" will always be the purpose of entrepreneurs, as long as the product is really solving the needs and pain points of users, it is an opportunity for the future.
@Wei Lei Founder of Minimalist Technology
I can't answer the questions that the big guys can't answer, but I think as long as my direction is not wrong and insist on going down, the result will not be too bad!
There is also a phenomenon that other entrepreneurs in my circle of friends forwarded your article are optimistic about the next ten years, are optimistic, not sad for the present but are happy for the future! I don't know if everyone has such great ambition and confidence in themselves or blind confidence and appearance confidence! In this state, I wonder why everyone is rejoicing for the unknowable future, but not for the known present? Is this a welcome or a worrisome thing?
Founder of @Smoxy Drinks
There are as many opportunities ahead as there have been, largely because the world's total population has been on the rise.
These opportunities are more of an optimization of hardware foundations such as Internet information and the acceleration of transportation, so that future entrepreneurship has a relative rather than absolute technical threshold. Including the future of 5G opportunities there are many, almost will affect the breakthrough development of the foundation between various industries, including basic science medical care, transportation education and so on too much.
Areas of artificial intelligence, cultural services and space exploration. Artificial intelligence can not only replace artificial and human brain computing, but also improve the efficiency of information transmission between people and people, people and things, social production capacity will be unprecedented, information will fill life, there will be more people to achieve material satisfaction and cognitive improvement, and instead begin to aspire to explore the unknown world and produce strong spiritual and cultural needs. We have trekked on the path of cultural service, and the most important thing to do now is to survive and make more money.
Artificial intelligence + Internet of Things (AIOT), both can be regarded as the infrastructure of the next era of innovation and entrepreneurship, the Internet of Things has opened up the access channel of big data in offline scenes, and artificial intelligence has solved the perception problem of data dimensions of the Internet of Things. The emerging infrastructure will surely bring new opportunities for product innovation and model innovation. As for us, we have been lying in the field of home appliances in the Field of Internet of Things for two or three years, preparing a full set of solutions for embedded end-fog end-cloud, and making data reserves for 2 years around the home appliance scenario. As low-cost edge computing solutions mature, our opportunity should come.
The dividends brought by the next generation of technology platforms, now look at AI, automatic driving, blockchain, smart speakers, VRAR, etc. are all possible, this category is the sexiest but also the riskiest investment area, but who becomes the next thing to take over the Internet is still undecided, and these industries also need the aforementioned faith entrepreneurs in particular.
Founder of @Cui Xuan Momself
Accompany the economy.
With the growth of computing power and the fluctuations of the economic situation, I think that the sense of loneliness and anxiety at the bottom of people's hearts will become more and more prominent. The United States has had a "lipstick effect", and in times of economic fluctuation, lipstick sales will increase, representing people's desire for temperature and beauty. In this sense, emotional, psychological, feminist, and self-inquiry, there will be many opportunities around these directions.
Most importantly, the female group with mothers as the core has assumed the pivotal role of intimate relationships, and at the same time, the social environment has many requirements for their development in the workplace, returning to the essence of business, providing services for this group, creating value, we are preparing.
As with the shift from PCs to the mobile Internet, the opportunity now lies in the shift from mobile to AI. For all startup teams, the importance of algorithms and data needs to be elevated to a strategic level in addition to the operational level. Intelligence and AI must be the trend, the small electric shop itself has also set up a 20-person AI Lab, and will then apply AI to content production and commodity distribution, changing productivity and changing efficiency.
The future is an era of the rise of the individual, the gig economy is the new trend, and the development of market networks will create greater opportunities than the current social networks. We also have products in the direction of market network layout, through artificial intelligence and blockchain technology to establish an interpersonal network, to achieve more efficient service scheduling, so that everyone can find a channel for self-worth realization.
We used to grow at a high rate by participating in the world division of labor, and the advantage was that we played the comparative advantage of hard work Chinese to a great extent, and the disadvantage was that we became the most efficient screws. When comparative advantages disappear and world cooperation and division of labor are reformulated, we need to enhance the overall integration ability, plan cooperation and division of labor within ourselves, especially in high-value-added links, optimistic about future state-owned brands, optimistic about cross-border entrepreneurs with industrial integration capabilities.
@Cao Da Rong Founding Partner of Yunjiu Capital
Financial crises are not the end of the world, and there are often the greatest opportunities hidden in the dangers. The mobile Internet does not exist alone, but is fully mobile, so entrepreneurs still look at the problem and will achieve greater results if they have a broader vision. The next generation of social, e-commerce, AI, blockchain and other tracks are very promising. Breakthroughs in new technologies will lead to explosive growth, which is one of the most noteworthy directions, but it is necessary to follow the essence of business and not to invent some concepts specifically toVC. Cloud Nine has always been very focused on finding a strong founding team and new business models and technology hotspots, which has always been the general direction of our attention.
@Guo Shanshan Partner of Sequoia Capital
The opportunities that have emerged in the past 10 years are all promising, including industries that we think are crowded and have a high concentration of heads.
@Xiao Min Partner, Matrix Partners
Bullish on the consumer market and the related industrial innovations that follow from it, such as supply chains. It has actively laid out some new supply chain companies behind the retail market, such as Xingyun and several others. For example, sharing, leasing or second-hand trading platform companies, this field also invested in easy rent, more catch fish, Plum and other companies. At the same time, it is also paying attention to new trading companies in the service field, and has previously invested in several such as Youshe, FlashMan and so on. Recently, we are still looking at new models of insurance sales companies.
@Chen Yuetian Chenhai Capital Partner
I'm still bullish on opportunities in the media industry over a ten-year cycle. The subdivision industry is optimistic about the idol industry in the near future. There is another important opportunity for the consumer industry in second- and third-tier cities, but I am still researching this area.
So I'm still accumulating resources and looking at some idol industry companies.
@Jincheng Hongtai University Entertainment Industry Fund Partner
There will be many opportunities for integration and cross-border in the next step. Integration is not just about interoperability, but about the overall efficiency. Entrepreneurs must consciously participate in the integration, and in the end, it must be a matter of one plus one is greater than two. Cross-border is to find new channels on the basis of the original value, and the innovation of complete overthrow is riskier in the current environment, but using the original advantages to expand is a better way to take into account the present and the future.
@Feng Zheng Shun for Capital VP
1, is the in-depth development of the Internet: long time must be combined, long time must be divided, after the Internet to improve business efficiency, users may be more layered and focused on their trust in the platform or brand, for example, now more and more people really book machine wine directly from the airline and hotel instead of the platform. At the talent level, a large number of Internet talents cultivated in China are and may continue to spill over, bringing a large wave of opportunities to go to sea.
2, the dividend released by the state, especially when the economy is facing challenges, the state may take the initiative to relax some industries or assets, which may also be a dividend worthy of attention.
<h1 class="ql-align-center" > entrepreneurial insights from some readers</h1>
Their entrepreneurial true story
@Wen
Four years of entrepreneurship, the first year to see people up the tall buildings, banquet guests, the eyes are very red, so bragging around, looking for money, the company almost fell. Today, when I was sorting out the emails, I suddenly found that there was a folder called Financing, and the last email was frozen in October 2015. In the past three years, we have focused on the company's market share, profits and team growth, and now look at the net cash of tens of millions of company accounts, a year's tax payment will be millions, and no one will have a valuation of hundreds of millions of enterprises.
We're alive enough to burst into tears.
@Liu Qiang @Artand
For the entrepreneurs of this generation of mobile Internet, 2018 is a year of mourning, and 2019 will be more miserable, and 2020 may not be able to slow down, just like Ma Yun once said: today is cruel, tomorrow is more cruel, the day after tomorrow will be very beautiful, but the vast majority of people die tomorrow night, but can not see the sun the day after tomorrow.
If entrepreneurs want to continue to survive, they must give up the obsession of financing and find their own, healthy, benign business model and hematopoietic skills. In the past decade, the concept of capital operation has changed one after another, from SNS to mobile Internet to Internet of Things, O2O, consumption upgrades, sharing economy, VR/AR, new retail, artificial intelligence, and blockchain. The once fertile soil has gradually become a saline and alkali land, and no one has believed the routine of cutting leeks by only fabricating lies.
Since I started my business in 2013, the company has also raised some money in a few rounds, although the industry is not large, but it is also a head, but the reputation is very embarrassing at the same time, my partner and I are worth a lot, but we are overstretched. Wang Huiwen is right: I think the company is valuable, and sometimes it is just a delusion.
At the end of the year, we will stop all the launches, and in 2019 we may fall into a state of slowing or stagnating growth, but thankfully, the company's revenue and hematopoietic capacity are steadily increasing year by year, and there is at least no problem in supporting the family. Next, I wish my peers and I the ability to live to the next era, and let us welcome the next era with a good attitude. In fact, I am quite excited to think that I will have the opportunity to witness and participate in the development process of a new era again.
@YAN AO
Blockchain entrepreneurship veteran, nearly four years, witnessed the industry from obscurity to sudden outbreak, that is, in a year or two, the industry is full of bubbles, to not break the stand, more and more feel that a good business model is the key.
@Yang Fuhai
I am also an entrepreneur, I don't know why, I would prefer to see such a time coming, it is time to clean up and shuffle bad companies and VCs. Entrepreneurship is not irrational, entrepreneurship is not the ability to finance, many entrepreneurs have not even understood what they are doing, what needs and pain points have been solved, and they have been blinded by capital.
Their true view of this era
@ Zhang Profound
People of every age have their own missions. You can get wet, fall or get up, but the limiting wall is always in front of you and cannot be overcome. I believe that in the days to come, the more entangled trees and the distinctive leaves that climb on the trees will live in this more and more suitable soil, and the growth of small saplings will become more and more difficult.
After all, we have bid farewell to the last era.
@Homer Johnny
The tide receded, and it was clear who was swimming naked.
These years of capital hot money have also given many blind people who start a business for the sake of starting a business with inexplicable self-confidence.
Therefore, the withdrawal of capital also revealed its true face. In fact, the key point is still not in line with morality, the core goal of your business is to do, it is not clear, always feel that others are starting a business I should also try. After 2018, there is no such "good" thing. Immerse yourself in hard work to find your own positioning, of course, for the entrepreneurial team that really does solid content, 2019 is the first year of entrepreneurship.
@Zhang Yanjun
No matter what industry they are in, entrepreneurs must always be alert to the products or services they offer: what problems they can solve; what is the real value; and how much market space there is. Only when you have thought clearly about the three problems can you let go of your hands and feet. Although the success rate of entrepreneurship is extremely low, we must cheer for our friends on the road to entrepreneurship, because they have the heart and courage to change the world.
@Taiping
The short bottom of China's economic cycle is concentrated in this year and next year, this phenomenon is very normal, the key is to exercise the real heroes who survived, only those who have seen the cold winter and prepared enough grain and grass and other programs for the winter, can enjoy the arrival of spring.
2020 could be the starting point for a pick-up, are you still alive?
@Zhao Ya (Sign)
Remembering the previous two days to see about some well-known old listed companies have concentrated on the fall of the article, the more fortunate traditional industries and the Internet industry have been in contact, now combined with this article the biggest feeling is that whether it is the traditional industry or the Internet industry, who can not jump out of eating the stimulants of the times and the side effects of aphrodisiacs, the so-called various era benefits let the people who have developed have a fat and rich disease.
In many cases, most of them are not market problems, the environment is no matter how bad it is, it is impossible to be hairless, the root lies in the business operation itself, the primary company is so ambitious, accustomed to reaching out to the family for money, it lacks the basic experience of self-livelihood, and when the family's finances are tightened, they are naturally clamped down. Adult monsters with wide bodies, fat bodies, large volumes, and large movements are naturally slow, and slow metabolism is easy to get sick.
We will find that the most important thing for the last person is that he has a healthy body to keep him alive, and then he has a relatively rational brain that can reasonably dispose of his money and resources, and finally find his career core under the premise of both and deepen it.
The same is true of enterprises, when the capital is hot and cold, I feel that there are fewer and fewer real entrepreneurs, not that I am pessimistic, the second is that everyone uses life and time practice to exchange cognition, one is to make some people have fear and even fear, the other is to consume or even overdraft his financial - resources and mental strength, a person who hurts the foundation, the short board will be fatal, these are not skills, but spiritual and financial.
They firmly believe that tomorrow will be better
@Tiange
Bat giants have completely stopped recruiting, quasi-unicorns are laying off employees, and the previous capital accumulation and money-burning drumming projects have basically come to an end. From the various "outlet circles", "currency circles" and "sharing circles" are cool, the cautious attitude of capital can only choose enterprises with obvious head phenomena, the following batch of entrepreneurs basically can not raise funds, and the sinking channels of consumption are fierce.
This cold winter, this new era will belong to the craftsmen, entrepreneurs who really create value down-to-earth!
@Dong Liangcui Share
Quick success and artificial outlets quickly overdrawn the investment ecology. Entrepreneurship is not to be small and broad, but to cultivate their own hematopoietic ability in a down-to-earth manner. Head enterprises should also do a good job of ecological guidance. The golden age is constantly reincarnated, adhere to the faith, seize every opportunity to stabilize.
At the lowest point, who can guess whether next year will be the starting point of a new golden age?
@Alvin.Q
It is not so much the end of the golden age of entrepreneurship as the temporary end of the era of entrepreneurial pomp and exaggeration. Entrepreneurship, the creation of industries and industries, rather than outlets and speculation, this is a concept that entrepreneurs should deeply understand and always be vigilant about. In an industry, as small as a demand, as large as the industrial structure, as long as you look for it, there will be large and small opportunities; but the crazy arbitrage and brainless speculation in the relaxed environment of capital have blown up some bubbles, making the really rare opportunities appear more scarce, and when everyone mistakenly thinks that there is gold everywhere, but when the tide recedes, you will see who is swimming naked.
The problem of globalized trade brought about by the trade war has made the capital, capitalists, and practitioners of all walks of life all over the world panic; you are flustered, you have not stood firm, you have fallen, and psychologically this hurdle cannot be passed, it really cannot be passed, and everything you have lost is really lost. So you have to be steady, we have to be steady!
@YiFan
Change is always accompanied by pain, can only say that the old era of blind entrepreneurship has come to an end, a new era of hard work and prosperity is being conceived, there is no savior, the final victory will only take care of the self-reliance, the original intention is still there, why fear failure.
Huangsha wears golden armor in hundreds of battles, and does not break the Loulan and will not return it. Pay tribute to the comrades who have resisted the cold winter together.
@Ji Suheng _Socrates
If someone loses money, someone must make money. Wherever the money goes, do it. Entrepreneurship should have been the same as traditional industries. VC is just helping you scale up and earn more, not to bear the cost for you. It's not right to not want to make a profit model. Unprofitable projects should not be invested.
May all of us join in encouraging.
Even if the world is full of restaurants, there are still new restaurants opening. The demand is in. The same goes for the internet. Even if there are competitors everywhere, it is not without opportunities.
What do they see as a true entrepreneur?
@Silly sauce
To a certain extent, I still feel that only out of nothing, flat ground high-rise buildings, or a blast, razed to the ground, there are strong causes of change in things to have momentum, Chinese characteristics of the Internet entrepreneurs have been running is nothing more than looking for a momentum, the golden suit just let them in addition to running but also a lot of new skills.
Now that they have taken off their golden suits, they are still the same group, they have not changed, they still have that strong desire to get rid of the boring trajectory, they are just not superhuman, they still have to run.
@ℒ.
In fact, the lack of money in the market is an objective reason, and the subjective reason is that investors have become cautious and return to rationality. The market is just short of money, not out of money. The real fundamental reason for the cold winter is that too many entrepreneurial projects do not have a clear, reasonable and sustainable profit model, in the torrent of storytelling, investors and entrepreneurs are scrambling, lest they be left behind by the wheel of progress, they do not know that they have overdrawn their investment capabilities in advance, and entrepreneurs are seriously overdrawing the continuous dividends of the industry in the next few years. In the end, everyone was crushed to dust by the wheels.
However, the magic of entrepreneurs is that even if "zero is turned into mud and dust", it can also be "turned into spring mud to protect flowers" - as long as spring comes, it can still bloom another delicate and attractive flower in the seemingly inconspicuous soil.
@Huang Jiang'an
Entrepreneurial perception: Capital is a double-edged sword, but it is not a savior. Entrepreneurship that relies only on capital to promote the growth of the track and cannot verify the profit model is a bet. The unbearable weight of entrepreneurship is not the bumpy road of entrepreneurship, not the high debt, but the pain of not being understood.
If you have entrepreneurs like this around you, treat them well.