One day burned an 40 million, do you think the Internet company will only burn stupid? Behind this is actually a race and maximize the return on the capital strength of the contest[IT era network, IT Times] observed a sharp entrepreneurial things if you rely on the conventional path of development required to complete a major milestone two years spent 10 million, but when have more money after a year spent 15 million Nike Air Jordan 5 Women It can be achieved, then the logic of capital is - do not hesitate to throw 15 million with one year to achieve. Because the pace of development means that the scale advantages and valuation space, first-mover advantage is strong moat year, or a year will be completely out of the backward state of the game from the competition. For capital purposes, to pay 0.5 times more than the cost of reducing the cost in half the time, won the project valuations may grow exponentially, this stark reality income is a good count. There are four elements of entrepreneurial success: team, direction, resources and capital. Successful entrepreneurs possess basic first two, then step by step, every step was moving steadily forward, taking the accumulated formula + Houjibofa style development path. When your competitor is under the same conditions, the competitive situation will be relatively balanced. But once there are resources and capital involved, the whole competitive landscape will change dramatically. With quick and drops subsidy war, for example, the two companies at the same time doing the same thing, did not participate in the game step by step when the capital threw for marketing, the driver is not much user is limited, when the capital into the driver and subscribers have gained rapid development, short-term access to the scale of development, five years to make a bigger and bigger thing two years, this one. Secondly, if only a bit and quick access to financing and subsidies for drivers and users, it is foreseeable that the taxi market dominance, which is burned within a year the two companies billions a day, burned 4000 Reason square where also head-subsidy, the result is the outcome of other taxi software of all Nike Air Max 1 deaths, a million marrow will be off the ground, this is the power of capital. Looking back, the more simple summary is: a business matter if you rely on the conventional path of development required to complete a major milestone two years spent 10 million, but when have more money after a year spent 15 million Nike Barkley Posite Max on It can be achieved, then the logic of capital is - do not hesitate to throw 15 million with one year to achieve. Because the pace of development means that the scale advantages and valuation space, first-mover advantage is strong moat year, or a year will be completely out of the backward state of the game from the competition. For capital purposes, D Rose IV to pay 0.5 times more than the cost of Nike Kobe 9 Elite Low reducing the cost in half the time, won the project valuations may grow exponentially, this stark reality income is a good count. Conversely entrepreneur, when you are the first person to certain segments of time, the best financing as soon as possible, because of a temporary first-mover advantage is not a long-term advantage, especially if the pattern can be copied and do not have the technical barriers to entrepreneurship, the rear since competitors may soon realize the power of capital through the corners overtaking. When there are multiple competitors in the same field, if you're not first, you do not have opponents more money, the result is often Nike Lebron 11 Kid sad reminder. Especially when competitors you have in common with the money to support their businesses and users of, you also fantasize with that characteristic difference negligible or self 2015 Latest Nike Shoes fantasy innovative marketing methods to beat the competition that is Nike Air Jordan 11 Women simply nonsense, because the capital is the high latitude blow Dimension of low-dimensional rolling, are totally naked. Most image counterexample is Uber, it is the originator of taxi industry, also entered the Chinese, world-class products and services, users have an excellent reputation in foreign companies into China's general lack of acclimatization can win such a case reputation very rare. But in the face of high pressure drops fast competition, Uber users also have to subsidize the development of the user, because the results are not subsidized so obvious. And this harsh reality with products and services and even word of mouth is good or bad has nothing to do, just relating to the interests and benefits, most users only standing problem of perspective in order to win the majority of users, or vain. Plainly, for a multilateral trading platform, when each game participant's products and services to meet the core needs of users, there is no significant difference when the same type of service is certainly less costly to obtain greater user user scale, business income more businesses greater number of platforms, became both a multilateral trading platform in order to have a sustainable development model, competitive Taobao and Ebay, and compete with Taobao pat illustrates this point. Uber participate in market competition in China's foresight is the rapid adaptation of China's national conditions, with drops as fast with a similar subsidy policy, and in the products and services do unique. Successful business logic is very simple, that is through the establishment of monopoly pricing to gain market advantage, but to do is very difficult. So when trying to price wars and other aspects of a market-leading startups through products, services, advertising, promotion, and even capital-driven market still can not beat the competition to enjoy a monopoly when it will enter Paypal mafia godfather Peter Thiel The suggestions of the outcome: 'At this time the best way to gain market monopoly is the boss merge with her second child.' So we have been witnessing James Harden a bit of fast, 58 fair, Ctrip and eLong acquisitions. This is also the capital burn fruitless war between the two sides after the best choice, the most important driving force is Kobe Bryant the capital. In fact, it burns the logic of the Internet is very simple, it is the fastest dry bitter rival, to gain market monopoly and pricing. When you and the other conditions similar competitors, and when you also have the capital strength and use it to please your business or the user, you may have a subversive destruction, at the same time your number of users, the market size and valuation will increase significantly, thereby obtaining an absolute competitive advantage. This is high-dimensional dimensionality reduction for low-dimensional attack, this type of destructive rolling again powerful enough to rival naked. Therefore, entrepreneurs still have to pay attention to the power of capital, we have to look at the logic behind capital strength. [Editor / Zheng Xi] sand water network for the IT era, IT Times manuscript, the authors micro-channel public number: sand seeing interconnection.