Count those years Lei Jun, Zhou Hongyi, Chen Europe, Air Jordan 12 Liu Qiang East most failed business projects[Note] i world network operators start on the road, which has not planted fall it even Lei Jun, Zhou, Liu Qiang East \u0026 hellip;? \u0026 hellip; these Internet heavyweights have also experienced the lesson of blood, but they did not because of a The fall on the slump, but from the failure to draw a lot of entrepreneurial summarize experiences and lessons learned, and to perk up. In this paper, an inventory of the Internet Gangster most failed business projects, as well as the knowledge they learn to. Perhaps it has been through these life experiences, which makes these Internet heavyweights have today's achievements, which are the voice of experience for the entrepreneur, now also more valuable. Lei Jun, founder of millet, now valued at $ 45 billion before the success of the company he had founded three colors, can not be profitable due to bankruptcy. In college, Lei Jun read a book about Bill Gates, Steve Jobs early Nike Shoes entrepreneurial legendary book 'Valley of Fire', for he has great touch \u0026 mdash; \u0026 mdash; \u0026 ldquo; I was deeply attracted by the story of Steve Jobs. After working hard in Wuhan electronic street for some time, feel good about themselves, they begin to dream: a dream to write a set of software running on each computer world, a dream of the founder of the world's most cattle software company. \u0026 Rdquo; So he and three friends founded a senior tricolor companies. Unfortunately, the company was forced to disband the half. In this regard, Lei Jun has three reflection: First, have a clear profit model. On the Air Jordan 3 Retro company's business, the company has not fixed the three-color mode, see what money will do a, \u0026 ldquo; Most of the time there are fourteen people, the business scope is also very wide, selling a computer, did imitation Hanka ( A computer hardware), and even took typing printed live. \u0026 Rdquo; therefore, their funds have been very nervous. Time is money, even by the chef and cafeteria meal ticket win mahjong live. Second, there must be a forward-looking market awareness. In fact, they had been close to success. At that time, the association has created a profitable Hanka million brilliant, so Lei Jun and his partners decided to copycat this product. But after the market, they encounter a more formidable fortress king, their products and \u0026 ldquo; cottage \u0026 rdquo; a. And the company is large in scale, low price, and finally crushed the tricolor companies. Third, there should be some team management. When the company was founded, \u0026 ldquo; four people, a 25% stake each person, we are very happy. A few days later, the question is, everything needs repeated discussions, and later, even the general manager re-election twice \u0026 rdquo ;. And this management structure, it is impossible to form an effective decision-making. Europe and the United States together superior product Chen, founder Nike Air Force 1 of the market value of $ 2.4 billion had been founded GG gaming Nike Lunar Haze platform. At Nanyang Technological University study, Chen Europe with a computer, built up an online gaming platform GG. With a career as a player, Chen invited the top master of Warcraft Europe two never played against: WCG and ESWC champion champion Moon were match-ups, and duel platform is GG. Which earned him the first users. But with the increase of users, and no financial reserves, Chen Europe growing distress, drop in the bucket can pull sponsors, investors and entrepreneurs in this fledgling dismissive. This makes development difficult GG. But this time, Chen Ou going to read Stanford MBA, then the introduction of a professional manager to take care of the company, and to sell part of the shares. Subsequently, the introduction of professional managers of other angel investors, through the operation, so that the equity in the hands of Chen Europe only 30%, lost control of the company, was eventually pushed out of the company. Second venture, Chen Europe in the country set up a game company, the business model to imitate the United States, in the social games built-in advertising. However, due to the domestic market and the United States vary greatly, the company declared bankruptcy soon. That venture failed twice to Chen Europe has two benefits: Nike Free First, the company needs to have pieces look stake organizational structure. Second, simply copying foreign models work. Zhenrong Air Jordan 14 Retro Hui future worries founder, has invested $ 2 billion dollars voice mail and magnetic materials. Zhenrong Hui before doing business consultant, is an annual salary of millions of professional managers. But the tide of rapid economic development in mainland China, he sprouted the \u0026 ldquo; Billionaire \u0026 rdquo; ideal, so he made a sound part of the system to deliver the message, but also invested in magnetic materials. But two venture failed. These two experiences that he learned a lot of things, in summing up, he said: First, entrepreneurs need a lot of energy, you have to do it full time; at the same time, the team is also important. Second, the business can not just start from the product, a good product does not mean a customer, the customer needs a complete service. Therefore, business needs from product oriented to customer-oriented. Wang, founder of the US group net valuation of $ 7 billion he founded the school network, after being forced to sell. The winter of 2003, in the United States pursue a Ph.D. degree Wang invited to tutor a holiday home business. After undergoing several failed projects, Wang found that social acquaintance among students is a cut point, so they started to build the school network. On the web interface, they copied the Facebook, criticized by everyone, but because of Facebook's design is very user-friendly, it is relatively independent competitor interface design, user experience, the school network is the best. This is for them to keep a lot of users. Beijing subway was not convenient to the train station by car is very troublesome. So during the winter break, Wang at Tsinghua University, Peking University, People's Congress launched a registration campus network, free bus ride to the Kids Nike Trainers activities of the railway station. The same time in the same place, 50 people will gather departure. In order to gather the number of students everywhere propaganda, pull fellow register. Even some boys to be with a girl know, you do not have to take the bus to the train station. With the move, the school network got 8,000 Air Jordan 1 seed users, we began to perk up on this site. However, due to first-time entrepreneurs, Wang did not own theory, not in-depth understanding of the Internet while the lack of a clear profit model, the capital side is not optimistic about the campus network project. Finally, funding strand breaks, internal disputes between the team, Wang was forced to sell it. The failure of this project, gave Wang inspired as follows: First, the entrepreneurial team must clear division of labor, CEO must liberate trendy with the industry, age, and social development. Second, the rapid promotion is very important. Third, no blind self-innovation, rapid learn from other people. Fourth, it should be early exposure to capital, lower profile, make some compromises. Fifth, we must together entrepreneurship and trust, trust can only meet in the case of low tide, so teams remained stable. Mito Xiu Xiu Wu Xinhong founder, valuation of $ 3 billion has founded 520 social platform stop operations. In 1999, when high school 吴欣鸿 saw a news: a man named \u0026 ldquo; business.com \u0026 rdquo; the domain name in the United States sold $ 7.5 million. So begins the family borrowed 10,000 yuan of money, started to invest in domain names. With this investment, he earned some money, and get to know Cai Wensheng later investors. In 2002, already dropped out of school at home, Wu Xinhong found a good domain name: 520.com, so he was ready to cottage Tencent, to collect the money through membership Air Jordan Others fees that you are paying members only when the other party in order to get online contact. After doing two years, 520 has accumulated hundreds of thousands of paying members, but because of the products and operations can not keep up, so most members pay only one month out of use. Air Jordan 19 Therefore, Wu Xinhong forced to turn off the 520, will sell the domain name. Recalling this experience, I 吴欣鸿 say there are two lessons: First, reverse business, namely to set up a company through a good domain name, do not fly. Second, and more importantly, they are home, when poor communication, I do not know what the real needs of users is, how about doing dating website? Liu Qiang, founder of East Tokyo, market capitalization of 40.3 billion US dollars had been open a restaurant in Zhongguancun cheated money after closing. Liu Qiang East University, Zhongguancun drive under a nearby restaurant after graduation. Previously, the restaurant inside the poorly paid staff, live in the basement, usually eat leftovers, the owner personally control funds; Qiang East took over, rising wages, improved accommodation, to the clerk popular hot drink, procurement and silver also let them do it. With this idealistic young entrepreneurs, the trust and manage to confuse, suffered a first setback career. Due to loose management, staff always changing nothing of embezzling money the store, so useless one year, had a profit of Nike Hyperdunk hotel, lost the light of his investment. Liu Qiang East whereby lesson: employees must trust, but the trust does not mean there is no management. Chen Zhou, founder of Oak Pacific Interactive, later renamed everyone, the market value of 1.1 billion dollars has founded ChinaRen communities. That year, Stanford still studying Chen Zhou et al., United States according to the prevailing characteristics of several popular community site, designed a combination, named ChinaRen, take the meaning of Chinese and Western. But Silicon Valley, no one wants to invest their projects. And finally at Stanford classmates \u0026 ldquo; all chips \u0026 rdquo; the $ 200,000. In March 1999, they returned to register the company, after Goldman Sachs was soon introduced ChinaRen community and get millions of dollars in new financing. Once you have financing, ChinaRen began Nike SB frantically hit advertising burn. Initially, Chen Zhou, they feel afraid, but investors say it does not matter, there will burn the investment, do not burn no way to market. But soon, the US stock market crash in 2000, the advent of capital into the winter. So investors who support burn attitude became pale and clearly told Chen Zhou, there will be no new investment, hurry to sell the company. So Chen Zhou had to ChinaRen sold Sohu community. In fact, this case has similarities with the school network: entrepreneurs, the need for rational use of existing capital, preferably with their own hematopoietic capacity, so as to ride out the crisis in the winter when the capital. 360 founder Zhou Hongyi, the market value of 6.4 billion dollars in 3721 has been to build one of the earliest search engines. Before doing 360, Zhou had done a search engine called 3721, and Baidu also launched similar services. The two sides highly competitive turf battles with each other, so Zhou client in 3721 added a module, designed to remove the Baidu client. And this module can not be deleted. It also gave Zhou left a \u0026 ldquo; father of rogue software \u0026 rdquo; title. After this false start followed by another of a wrong decision. Zhou Hongyi, said at the time that Baidu search mode with better than their own, and at that time the Chinese Internet is also very weak, so he's in a high market share, the selection of the 3721 sold to Yahoo. Search this cause $ 1 billion market, last occupied Baidu. For those experienced in previous years, Zhou said: We do not do things just stare opponents, we must stare at user needs, but must hold their own careers, do not give up easily say. (Edit / world network operators E \u0026 mdash; Linda, article from the IT Time Weekly, please indicate the source)