Quick Chen Wei star: Capital amazing strength but most VC IQ is not high June 15 news, fast taxi founder Chen Wei star guest 'says enjoy', featuring the country's first entrepreneurial profile talk show 'enjoy saying' the second lecturer, sharing how he is helping to create a $ billion in three years company. 'Enjoy said,' he is said to enjoy the program group, Sina science and technology co-produced the first domestic venture profile talk show, June 1 formally launched. One to two per month, inviting business giants, business mentor for many young people have entrepreneurial dreams to share entrepreneurial dry. 'Enjoy said,' The first is a giant network of lecturers founder Shi Yuzhu, Chen Wei star is 'enjoy saying' second guest lecturer, which he quit soon after the taxi first public speech. In 'enjoy saying' forum, Chen Xing back their entrepreneurial history, about how he is to create a company with a market capitalization of billions in three years. Chen Wei Star believes that entrepreneurship is a very whole thing, but not before the point you want to find "vampire knight cosplay " an opportunity to make money thing, but to have an overall strategic layout of things.
Today's fast taxi has been "shugo no shana " operated by an independent software company transformed into a taxi drops fast taxi Group, a taxi in the mobile market \u0026 ldquo; fast drops \u0026 rdquo; only one. Chen, however, the star of dreams and expectations that may substantially Moreover, logistics, carpooling, subversion is mobile Internet changed the travel, the new war will spread. (Shang Zi) The following is 'enjoy saying' the second phase of lecturer Chen Wei star and wonderful scene Record Q: We do a lot of preliminary products. Do quickly because I am in Hangzhou, it is difficult to hit the car. Because playing less than a car, so did the taxi software. At that time did not think this software becomes now, 11 billion dollars, never thought about it. The initial idea is to want to take a taxi, and then there are the virtual currency, behind the driver orders, and to divide us some money. Later he found the driver refused cents, how can this do? This thing quick change for me is another level, and he let me insight into the power of capital. We used these entrepreneurs, our eyes are fixed on very specific things, but the whole process was fast, the capital to change things is very outbreak, even dominant. After exiting fast, I feel now the venture, it is a very whole thing, but not before the point you want to find an opportunity to make money thing, but to have an overall strategic layout of things. Later on this project summarizes several features, the first feature, generally do the people's livelihood will be likened to a non-livelihood projects more attention force. Once this is done fast, a lot of people know me, the first is to use our services, I have feelings, I know that this service is to help him, to help everyday life, can be respected. This is not the same with the game, the players finish the game ended, with bad feelings between the producer, the feelings of the people's livelihood will be good. The second will be more durable, because the project is the way of life, can make such a service three decades since then mankind will have been lasting. Unlike the games, the life cycle is very short, we must continue to develop. After the third scale up financing bottleneck is relatively small, there is not the bottleneck, easily and quickly melt into the money. For us entrepreneurs, we have the opportunity to find a small point, it becomes a fast to a big project, the capital of a big game. I felt at that time, to do something like this to change the people's livelihood, may be for an entrepreneur in terms of more valuable. Later, it is no longer reason to concentrate on this thing, and I hope to put more time doing things related with people's livelihood. Quick Until now, there may be a lot of problems, in the end we all know how to make money. A couple of years before had been suspected. That time will tell the future will become cloud traffic, there will be a variety of forms of future vehicles, the vehicle has turned into vehicles to travel into a service that can be shared. These ideas have now become a reality, we can feel, now everyone can share out the capacity, we believe that the future of the people travel services, will be running on this platform. Guest: You did the game before, the game industry is a strong industry realizable, then do quick taxi Internet industry is burn, liquidity is weak, you are so much how in the field of switching. Chen Wei Xing: I was switched when a taxi would also like to make money, but later found not to make money, I did not expect to be fired this burn, nobody knows. The reason is forced to burn a result of competition, there are many causal factors.
Life is such causal factors, every entrepreneur, successful experience of others is essentially meaningless, the experience of failure would be a little more sense. Look at the nature of changing attitudes, you are not making money it is not essential? What you belong to a professional is not the essence. I used to read Civil Engineering, University do not play the game, but why start a game company. This may be no way to explain more. From my perspective, I can explain, I just said, why I do the game, because it is not fun to talk about campus became a game, is a very natural process. Guests: fast burn inside important product is, how the money is out? Chan Wai-Star: this is not who decides, Ma would like to see this thing first, he thought the traffic will be good company, so throw a lot of money. After the results others have money, Ma wanted to push payments. Ali did not want this company to be so clear, but it is not afraid to fight, so hit, how much money someone else, the other to estimate how much give. So there is no logic. Guests: Suppose cast more than one million how to convince us to vote money? Chan Wai-Star: you help them make money, in fact I think the only reason is that we can have the resources to have more resources to make money as long as resources are your concern. You have to say is to convince yourself to believe that you can make money. If the particular letter, you do not want his money, I want to go out to start a business. If the project a one hundred million go to vote, you can earn ten million certainly would not work out. Guests: about fast taxi, now fast taxi Why would cost 10 billion? Chan Wai-star: the story of the future can use this platform vehicles are scheduled to become cloud vehicle, cloud traffic. The future of these services, car main function is to provide recreational services, these leisure services is through these schedules. It is the world's largest taxi company, there would be other means of transport. So taxi can buckle a bit, what percentage of every single deduction. It is the vehicle service perspective. Why is worth so much money, in fact, may have considered only the profit margins, there is a bunch of VC nature in the auction, the financial markets are not necessarily big money you have, a lot of confidence in the gathering. When the time will be very valuable confidence, no confidence it will collapse. Our company a value of 50 billion dollars, or ten billion dollars, its reasoning is not from the nature point of view, but dreams of the future, the future can probably be worth. If you can do the investors say make so money can be accepted. I just said, if the business, or the need to understand the secondary market, secondary market investors estimate how this thing. Guests: fast taxi passengers and taxi connections, how do you see the logistics problem. Chan Wai-Star: now also do the logistics project, but it is not easy. VC is IQ is not high, most VC is so, then quickly hit the car out there is every reason to tell you this is not enough, this is not right. A year later, a variety of VC with fast taxi, with taxi examples of educational entrepreneurs, O2O how to do that, including my education. Before we hit the car, when dozens of companies do not do indeed successful, fast taxi was the first to become effective, there are mechanisms for some good product design. Now we think that money especially simple, as if you are scheduling a vehicle must have effect, throwing money. But I do not know why the scheduling efficiency, and many difficult than the original design of this product the cart.
The nature of the reasons is that after the VC confidence is up care will overconfidence, excessive easiness to understand business problems. Look now so fire VC investment, must be more than 90% of enterprises will die, we do not see how your investment is just the money, the atmosphere to start. 90% must be dead, and only a very small part can stay cosplay costumes for sale in any industry are. Now say look really good mode or a few, there are a lot of things, especially now that many entrepreneurs bad, very much false data. Look subsidies, subsidies say makes sense, do have to subsidize the logistics, the logistics can get subsidies, particularly investors, logistics, he subsidized wages can rise fifty cents a lot of these things are of no use, but people is how calculated? Because the subsidy is correct, because the taxi subsidy mechanism field proven very money, so I went to replicate in other areas. Business people in order to understand that you still instinctively return to what is the ultimate customer value, is not really able to improve efficiency, it is not really valuable. That is the entrepreneur to know that after VC money can buy people's time with money, if, as the entrepreneur a popular thing to do, then your all into it. If things are not right, you have the heart to move to commit suicide, because every day is very bitter, very bitter every step, we know that may be a waste of time. This survival entrepreneurs very difficult, not to say there are some companies, there are some CEO wanted to commit suicide, there is a very good project, very tired, but let him propped VC. So we can only persevere, entrepreneurs must return to the beginning of the heart, to do what I loved to do, want to do, convinced of things, do not believe the money. Generally good project, VC can not read, because really good, especially good things, that is easy to read. Especially good entrepreneurs, VC can not read, it is because people do not like the idea and, but VC think every day you lied to me, and I think that is not the same as lying to me. This is the VC status of China, it is not enough high IQ. Chan Wai-Star Venture Profile and entrepreneurial history in September 2003, Chen Wei Xing admitted Architecture and Civil Engineering, Zhejiang University, studied at the civil engineering profession, in January 2004, chaired by Students Association of Science, Zhejiang University, and is responsible for organizing two Challenge Cup Business Plan Competition .
In December 2004, the founder of Zhejiang University 'Branch' magazine, as editorial director. In August 2006, is junior Chen Wei star to start a business, set up in Hangzhou Pan City Technology Co., Ltd. (FUNCITY INC.) Focused on the development and operation of web games and mobile Internet applications. August 2007, the Pan-City Technology FUNCITY INC.'s FDVR1.0 engine Science and Technology Innovation Fund for financing obtained. April 2008, FUNCITY INC. Transition again, the real magic into the campus community campus community, named 'magic school.' . September 2008, FUNCITY INC. The first product 'magic school' external testing, creating a new chapter in the endless MMORPG gaming industry. December 2008, 'magic school' officially does not delete files packaging and testing. . May 2009, FUNCITY INC second product 'campaign world' to start the test; 'magic school' has become China's most famous turn-based MMO games, and exported to exported to many countries and regions, China's exports of the widest culture products. July 2010, FUNCITY INC. Launched the new 'City of Dreams' and established pan-city cultural and creative industries fund. 2012 'Forbes' China announced the list of 80 entrepreneurs: Chen Wei star list. July 2012, the State Council granted the Central Hangzhou only one \u0026 ldquo; national employment and entrepreneurship outstanding personal \u0026 rdquo; honor. July 2012, 'fast taxi' formally launched in Hangzhou, hot off the phone a taxi, taxi APP is now the country's leading brands. In 2012, the Pan-city lasted 3 years research and development of new products, 'City of Dreams' open test server that is Pobai first month, monthly income break 10 million, became in 2012 the only one to get \u0026 ldquo; Top Ten Web game \u0026 rdquo; The new game. 2015 won the 19th \u0026 ldquo; China Youth five four medal \u0026 rdquo ;.