Three generations of Zhongguancun in 30 years

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On the third day after Lei announced his departure from Jinshan, we chatted on the phone for two hours. Within two hours, we reviewed his 16 in Jinshan and reviewed the development of Zhongguancun for 30 years. Chat process, I with Lei, 30 years later, Zhongguancun people are not things, the vicissitudes of life.

Zhongguancun is roughly divided into three generations. Zhongguancun has so far experienced three generations of entrepreneurs. The first generation of entrepreneurs are Huaxia, four-pass, Jinghai, Ke Hai, and later Lenovo, founder. The man of the generation includes, Chen Chunxian (founder of Huaxia Company), Wanrunan (founder of the Four), Yongji, Wang Ji (four-pass typing), Jin Yanjing (founder of the letter), Chen Qingzhen (founder of the Sea), Wang Hongde (Jinghai founder), Liu, Xuan (founder of the inventor), Wang Wenjing (Ufida founder).

The first generation of the man by the work of different fate. The most successful when the number of Liu, Lenovo Group successfully restructured, the individual completed by the entrepreneur to investors change. The most solemn and stirring when the King of the Annals: when it left the four-pass, asked to take away a four-pass typewriter that they invented. The most failed when the number of Jin Yanjing, Wanrunan.

When Wanrunan went abroad after 1989, when Jin Yanjing was arrested for smuggling in the early 1990, Zhongguancun was disgraced not only for violating morals and laws but also for losing political innocence. The memory of the history of the people with "jittery" to describe the Zhongguancun, then Zhongguancun enterprises and entrepreneurs. At that time, a group of groups of investigators stationed in Zhongguancun.

At that time, the investigation team surveyed a variety of issues, including the loss of collective assets, speculation, smuggling and other issues. Each investigation is enough to change the fate of Zhongguancun and Zhongguancun enterprises. Fortunately, at that time, the Haidian district of the incumbent Chunwang, Shen Daoren and later Hu Zhaohuang to Zhongguancun Enterprises to protect the power, Zhongguancun has become today's zhongguancun.

The most typical question to Zhongguancun is still familiar: Zhongguancun is not a liar street, Zhongguancun has no High-tech, Zhongguancun has dug a socialist corner? In the 80 's, the People's Congress stood up and questioned the chief of the Haidian District: Zhongguancun Enterprises to let the CAS academician, scientists, Tsinghua, Peking University professors do not do their own business, go to the streets to make money, this is not to dig the socialist corner is what? The NPC representative said: "They corrode the moral character

Now, with the exception of Mr Liu, Yongji, Xuan and Wang Wenjing, the rest are largely unknown to young people today. Yongji has receded, Xuan has died, the front only evergreen Tree Liu, Wang Wenjing. Wang Wenjing and the entrepreneur is different, Ufida registration, he refused to "Red Hat", adhere to do self-employed. In this way, he did not receive the investigation team, the company restructuring and other trouble.

With the first generation of Zhongguancun entrepreneurs from different research institutes, the second generation of Zhongguancun is either North Drift clan, or just graduated from college students. Including Wangjiangmin (founder of Jiangmin Technology), Seek Baijun, Lei, Li Ruchong (even state software president), Yongmin (Wang code five inventor), Wu Xiaojun (ccdos inventor), Bao (Ucdos inventor), Zhu Chongjun (cced inventor), Zhidong (founder of Sina), Yang, Guo Wei, Feng (founder of the Chinese flag).

The second batch of entrepreneurs do not have research institutes can be linked, no red hat can be worn, from the first day of the establishment, they are on the Zhongguancun Avenue. Feng, Wangjiangmin have a not very nice name: self-employed. But it is this not good name, so that they have gained valuable freedom and independence, no enterprises need to reform such a big trouble.

Today, Zhongguancun second generation of the same fate is different, they can be divided into four categories, the first category is to achieve a certain stage, the successful exit after the investment, which is now lei and 3721 of the Zhou. The second category is entrepreneurship, its representative is the original four Li Fang, Sina founder Zhidong, after leaving Sina to do the click Technology, and the original horn founder Chi, now the perfect time and Space founder, the company has been successfully listed on the Nasdaq, the value of more than 3 billion yuan, but also in Zhongguancun to buy giant Hancock Shi Yuzhu, Worth more than 50 billion yuan. The third category is to continue to fight in front of the people, including Yang, Guo Wei, Wangjiangmin, Wang Xin (Chairman rising). The fourth category is the person who forgets in the River Lake, this kind of person most, typical representative is Wu Xiaojun, the reporter multi-party interview, only then knew he in the Ministry of Agriculture Computing Center does the consultant.

Although the fate of the second generation of entrepreneurs is very different, but there is no Wanrunan, Jin Yanjing such embarrassment, and no Liu need to deliberate to complete the enterprise restructuring of the distress.

The third generation of Zhongguancun is based on Li, Zhang, Deng, Shangjia, Zhou Yun fan, Ning, Tianshonen, Tang Yue as the representative of the generation, when the second generation began to work in Zhongguancun, they are busy TOEFL, or have embarked on the United States of America's land. Several years later, they returned to Zhongguancun on a massive scale and quickly overtook their predecessors.

Lei said they caught up with the good times, hot money poured into China, the concept of venture capital, the company can go to Nasdaq listing. Some of them came back with the money, such as Charles Zhang brought back 250,000 of dollars, including Niguero. Ponti's money, Li brought back 1 million dollars, the most beautiful is the Tanghaisong of billion Tang, brought back 48 million dollars.

The most beautiful people do not live in the end, billion tang in the scenery after a while, with the dotcom bubble to exit the stage of history.

And the second generation of Zhongguancun, most of the development of a core product, and then began to shop channels, began to sell, the company through rolling bigger, the way less. The second generation of Zhongguancun is not much different from the first generation in terms of working mode and capital accumulation mode. From the way of working, Yang carrying Lenovo brand computer around to find agents, Feng pedal cart in Zhongguancun around the delivery, Wangjiangmin with sacks loaded with KV100 in the Zhongguancun Avenue side Hawking.

The middle of the 80 's, Chen Qingzhen, Liu, Wang Hongde They also work like this, because they pedal the cart, the general people called them "master son."

30 years later, Zhongguancun has undergone three changes. The first is the rise of private forces, most of the first generation of entrepreneurs are on Sunday engineers, 8 hours to the country to work, 8 hours to work in Zhongguancun, 8 hours to spend, 8 hours to work hard, such as Chen Chunxian, Chen Qingzhen, in its creation of China, the sea several years later, Their compilation is still in the Institute of Chinese Academy of Computing or physics. Most of these people are proud to wear a red hat and a national institution. Most of the second generation of Zhongguancun is self-employed, and the high walls of scientific research institutes have no innate blood relationship. The third generation of Zhongguancun will register their company in Cayman or Viking, from the beginning, their vision is not only zhongguancun, not even China.

The second is that the way of working has changed, the third generation has long been improper board son, they mostly have their own BMW, Audi, hobby of the sport is golf, and even the office has a golf pole, send and receive, reply to e-mail occupy most of their time, with their subordinates to communicate with video conferencing, teleconferencing and other High-tech, high rate of exchange.

Again, the capital-gathering-exhaustion approach has changed. When starting a business, the first generation, the second generation, or their own pockets, either to borrow the bag from the bank, or by the unit contribution (such as Liu's Association), there is a gambling mentality, I wish a penny broke into two cents, the third generation is holding the money of venture capital, not distressed, "burning money" the word is the third Zhongguancun people invented.

There should be a lot of changes, but it's late and we don't have time to summarize.

The biggest change should be the change of the big environment, the first generation of entrepreneurs rise in the "two general" criticism, the second generation of entrepreneurs in the rise of the "surname society or the last name of the capital" controversy, the third generation of Zhongguancun enterprises in the "surname or surname private" after the controversy, from the first generation to the third generation, Zhongguancun entrepreneurs are less and less bondage , they do not need a red hat, they do not need to receive a group of groups of investigation ...

But in the eyes of Lei, Zhongguancun is not perfect now, because there is no angel, this is to allow those who are pioneering the fourth generation of zhongguancun entrepreneurs headaches Place, Lei's new role is to fill this gap, Lei said: Zhongguancun need more rich to do angels, if Zhang, Robin Li also to do Angels, Then the fourth generation Zhongguancun entrepreneurs will get more opportunities.

Lei that: There are some misunderstandings about angel investment in China, Angel Investment and general venture investment in particular later has a big difference, angel investment should be a large number of people who earn money to invest in some enterprises, some potential team, the aim is to help young people succeed, is to give back to society, do not care whether the withdrawal can make money.

Angel investors in China another misconception is that investors in the investment at the same time to invest in their own, participate in day-to-day management of enterprises, lei that this will limit the entrepreneurial autonomy, to combat their initiative, reduce their innovative ability, should be open to their own hands and feet to develop, in the strategic guidance on the line. He said the perfect example of angel investment was when Amazon founder Bezos invested in Google, never to the two founders to the revenue, to profit, they love how to do it, even if Google went bankrupt do not care.

Compared with Silicon Valley, Zhongguancun can be said to have no angel.