Yu Zhihong: investors do not vote a certain companyREVIEW: Yu Zhihong Chen, general manager of Jordan Aero Mania Nike Air Max 90 Beijing in China Innovation and Entrepreneurship Competition activity (Beijing section) before the counseling, the person must not vote on the investment company delivered a speech. In his speech, he based his investment experience, will not vote for their own businesses do a bit of induction: 1, not professional, not like you are very familiar with, suddenly entered the field. 2, do not focus. If you can not focus on one thing, the energy will be reduced. We do not want something like this, they should go on their first full bet. 3, shares too dispersed. The first year we can hold on, the second year will persist, and the third began playing. 4, there is no product. Take a paper business plan this, or that some people take some of the patent, in which case we are less willing to vote. 5, do not want to throw some of these items by special relations. Simple to do an ad, I was up to the morning Ventures, our bodies tell us. Fortune is headquartered in Shenzhen, an investment agency, we have ten years of history, and now some 20 cities across the country have branches, currently manages 13 billion yuan of funds, is currently the more positive renminbi funds. Currently we vote the project, there are currently more than 200. Of which there are about 30 listed on the GEM in China, as Nike Air Max 90 Hyperfuse well as the introduction of ten enterprises through mergers and acquisitions. Last year, various coincidental, accumulated more than 10 years of struggle, we were awarded the first venture 2015 Latest Nike Shoes of an institution in this industry. Fortune in many industries, including strategic emerging industries have investments. The project stage, Wang mentioned previously also worked to make money to live, IPO also cast, growth also cast early projects have voted, so today we have more to share with regard to say things can not vote , may think of it in terms of investment and in terms of, in general, think of them as investments have a relatively good simple description, this thing sounds more attractive, says a lot about the market, the competitiveness of my strong future great room for development, is relatively good growth story. My past experience can give you. But you're a good man, a good thing, how to prove your ability? How to achieve this a good thing? We can see a lot of companies who see a lot of story, and my heart has a say, those of us who think of this project through you to another similar project comparison, comparison. Those of us who do more is something you look at this team and see you are not more attractive to me? It based more on past experience. Specifically, what can not vote? Mind might think, because after all, we cast a lot of cases, some may not be very successful, from a professional point of view, we do not like you very familiar, suddenly entered the field. Or some people, such as the former business to make money that one business is good, throw some money to do it, that we may not look good. We want you to concentrate in one area for a few years, ten years, we like both teams are from some big companies out. For example, you come out from Huawei, make communication very cattle people, or from one company out of the game, from the creators from Jinshan or swim out past experience to prove something. So professional is very important Nike Air Max 90 HYP PRM to me, from a professional point of view, we hope you like most professional did ten years, has accumulated a very solid foundation, you are out of business, pulling a banner. You may think a lot of cases, such as the day of the Blue Harbor Jinshan out that there are 40 million individual investors, this may be the professional factor. Secondly, some people may have a variety of assets, this one, that one, we do not like this, because the energy will be distributed. If you can not focus on one thing, the energy will be reduced. Start-up period we might receive the business plan, it may be that people have not determined that this money was bet to get in, we do not want something like this, they should go on their first full bet. There is some intellectual work, such as a professor or a professor at the University of Chinese Academy of Sciences, while doing research work, on the other hand out financing, which will be very hesitant. It would not succeed, but we do not want the most drastic of courage, it is difficult to resolve. We have had this experience, a professor HIT, that entrepreneurship Air Jordan XX8 is difficult, then I wanted to go back to a professor, and then we come up with Shaw always fully own money to support his stick, but finally succeeded, but this experience tell us There are less willing to vote this retreat. We do not want to vote again a few too dispersed shareholding companies. First three years of the most stressful venture products to hit the market forward to develop, to go get money. The first year we can hold on, the second year will persist, and the third began to play, and in fact the entire Chinese culture is concerned, because the Yangtze River College has a research culture in Southeast Asia are due to the dominance of culture. Family business due to the dominance of Confucian culture in Southeast Asia is able to grow. All the things and people's relationships to stir a go, we still have a relative willing to invest some of the central figure, his bigger stake. But there are counter-examples, we also voted in a project, the blue cursor, GEM, and when the market capitalization 10 hundred million, and now the market value of over 170 million, he is the stake in six people are scattered, the listing process is thousands of back pleated. For example, when the market to sign a person acting in concert, we all have to quit after a few years, after five years to withdraw the listing of such. One of them do not sign, he felt that I did not participate in so deep, not involved in management, do not sign. Later, some people divorce, etc., of course, was a success. For us, the future still be able to cast some of the greater probability of a successful business. So many of today's start-ups get you guys together like-minded friends in this matter, I feel pretty good, people are good contacts in the past, but did not face the face of great pressure and interests, humanity's darkest places not manifest. So the design must be primary and secondary, has a soul and a central figure in the day, when you come down to have a few people who go to the top, instead of a few top people all together, it can not happen. So for the time of start-ups we have to pay attention to some design. Dominance have the responsibility, to play, the responsibility in a difficult time will be able to top the past, companies often after one or two years into the light of such a threshold on. In addition, we do not want to cast that have no product, take a paper business plan this, or that some people take some of the patent, in which case we are rarely willing to vote. We feel that at least the product. Innovation is not to say there is an idea called innovation, innovation is the result of the market test, after being approved called innovation. China is now the talk about innovation, innovation will spread the word. For example, we make early-stage investments, you have a product, but this product at the customer after application, we feel that this product has a customer feedback, market acceptance of you. Meet existing demand. Get a patent, or take a concept we find this all very difficult to resolve. From the customer's point of telling you this thing there is a demand, we are willing to pay for this in terms of our investors, this product can be identified as an innovative product, rather than simply an idea. You have to go step by step equivalent we can go any further. In addition, we also do not want to throw some of these projects by the special relationship. For instance, we have encountered some real cases, for example, I back anyone who supported me this, nor is it we are willing to vote. There was a project to make the project moving, moving an accident, the company would also be, of course, we did not vote. Whole Chinese society or process of moving to a market, we hope to have a real market economy heroes, they gain market share rather than through their own service relationships. We do not think this thing very solid foundation. Reality has proved that many of these things will have some problems. REVIEW: Yu Zhihong Chen, general manager of Beijing in China Innovation and Entrepreneurship Competition () Finally, on the one hand it is easier to start talking about now, and you are willing to do something, there are resources to do, you can do it. At the same time also increased the difficulty Air Jordan 3 of entrepreneurial success. After years of developing it, many areas have giant standing on the top, or a lot of barriers to competition. This time the team management demanding, often-round fight your opponent, you have to face the competition is very fierce. A lot of people are going to struggle to reach the top of the victory, so the team set up the time to consider a wide range of talents. For example, our boss or to the general preference based marketing, so he has a good sense of the market, we can make a positive response to the market response. He then took a few people, do research and development of logistics management have done such a whole team to do battle, we think there will be a good probability of success. Alone mode may be more difficult. So when we look at all aspects of the project hope that the team compared the neat, one person can not do all things. If there is a basis for the best team, at least in terms of success, the probability is still very great. One final point, the founder, we have talked about us like dominance, there is a soul-style characters. With the slogan, dream big, how big stage. Founder of the field of vision determines the height of enterprises. We are all entrepreneurs certainly have a great dream. We go to the United States, Sequoia investment projects when money is not simply cast a project, you want to make a contribution to society, or to make a change, when Sequoia investment, US Ivy League institutions such investments, they have Very great dream positioning. We also hope that the founder of investment companies or investment team has a great dream. When you have a dream when there are setbacks will cross over, have a dream you might be some temporary difficulties and can tolerate some things, there are more broad-minded to do things. We have seen such entrepreneurs, we are also willing to invest in such entrepreneurs are willing to follow him very far. So if we want to have some, Wang talked about the conditions above includes speaking, we are very willing to work with you to achieve your dreams, but also the achievements of our dreams. Thank you!