Entrepreneurship depends not on capital but on business model and team

1. Internet lack of user needs content and related applications

The so-called digital media is often said the telecommunications, media and High-tech integration of the three. When I chose such an industry, because after the entire 1999, 2000 Internet comparison peak bubble burst, we looked back at that time, in fact, the Internet does give users a good experience, but it is missing some of the content of the user needs and its related applications and services.

2. The development of digital media into the intelligent phase will become the focus of investment

About the discovery of CSDN this company, if you look at my background will know that I have also done IT industry, the industry's friends are relatively many. I have csdn myself, and in the early days, many of my friends often go to this site. When I was a community, we were interested in the community for a while and did a lot of research.

The characteristics of the Gobi fund, from now on the background of our team, its strengths more still in the media, High-tech this piece. Therefore, the first phase, the second phase of the fund we are mainly focused on the direction of the investment in it and digital media, including digital media we feel that the next phase of the development of intelligent media, which may be more focused on investment points.

3. Entrepreneurship depends not on capital but on a unique business model

Entrepreneurship itself is a worthwhile act of encouragement. But sometimes many entrepreneurs become too blind, because many times they also understand that VC like to invest in some foreign companies have successful cases, it is very simple and deliberately imitated.

Before doing a thing, to this industry must have their own unique understanding and views, at the same time to their own operations and so grasp the need to have a strong see, is not dependent on the success of capital, is dependent on a unique business model, is dependent on the entire team and the industry's understanding of success.

4. VCs are the "people" business, all run by the manager.

In telecommunications we chose Japan, the world's largest telecoms operator, NTT DoCoMo, now China Mobile. At that time, we wanted to combine these few to bring our company a strategic value other than money. At the same time, we also have a more focused on it investment in the United States is also a relatively large investment fund to do our partners, at that time also felt, because the entrepreneurial enterprise in addition to its own first round of development, but also need follow-up capital.

Many people say that venture capital is a cast, in fact, venture capital itself is a person's business, because all rely on managers and so on to operate.

5. Personal career development requires learning new things

The reason why I joined the company was that the company chose me because we were more consistent with the idea of many issues. At that time I entered the company, has been as an investment in a key industry to analyze. Back to think, we also feel that my background may be more appropriate, I chose to join the company.

As a personal career development, many times indeed you need to calm down to learn something new, can stop to review the situation of their own development, determine the next stage of development direction. I suggest friends, it is better to reconsider the matter when the economy is not good.

6.VC more is to help the start-up of the company to develop

VC may focus on doing things VC, PE may focus on doing private capital, private capital of many forms, and some specialized to do mergers and acquisitions, some take the final withdrawal of enterprises, some of the enterprise buyout, management repurchase and so on a variety of.

In fact, it, traditional media, intelligent media, many companies in the market are still in the early stage. You want to simply find a medium or large project, or you need to develop it into a company that needs you to help the early start-up. This industry should be in the next 5-10 years to truly become a mature industry.