Internet entrepreneurship belongs to young people

The platform of the entrepreneur will be different

As entrepreneurs, we recognize that people's platform is indeed a bit different. We know that Richard Li, who earned his father's money in a day in 2000, would not have made so much money without his father's support.

Take a look at domestic and foreign rich examples of wealth processing. First look at the former world's richest man Wal-Mart founder Walton has six children, he put more than 100 billion dollars on average to them. The chairman of News Corp, Rupert Murdoch, has five sons and daughters, and this is how it handles all the wealth of everyone. But besides being his own foundation, Bill Gates left his daughter with only 10 million dollars per person. There are similar examples in China, Mengniu chairman Niu Gensheng set up an old age foundation after Mengniu listed, he put all the shares in, his own children according to Beijing, Shanghai, Baotou City, three places, the average standard of living a little higher, probably one months 5000, 6000 dollars to his children, These children are not allowed to use the money in the future, which is an example of the Chinese.

successful entrepreneurs focus on 29-36 years old

A few days ago there was a historic dialogue in the United States between Bill Gates and Apple chairman Chow Bush. 30 years ago, two of them were America's youngest entrepreneurs, and Bill Gates developed the first set of DOS systems, and Chow Bush a success. Today we find that many "children" are not trusted by others. In fact, China also has a lot of very famous young people entrepreneurial story.

For example, Ding Lei was born in 1971, in 2000 his NetEase company has been listed on the Nasdaq and become China's richest; there is also a young hero is very strong, in 2004, Chen flyover at the age of 31 also became China's richest man.

In fact, the environment is really changing now. We see the Rich List, 1999 the first 50 people of the rich List no IT sector, nor a young person under the age of more than 30. But it's different now, we look at last year's rich list, the IT industry, the real estate industry and other traditional industries have a lot of young people.

I have written a blog before that no one who has not graduated from university can lead it company to go public successfully, indeed not. But after I did a little research, I found that no internet listed company CEO age more than 36 years old, the youngest only 29 years old, Charles Zhang is only 36 years old.

The Internet industry is more likely to succeed

I think the present age provides a possibility for such young people. We embrace ideals, eyes looking at the stars, down-to-earth. There is a big idea inside the head, but we have to come a step further, we have nothing. What should you do at this time? If you want to be successful quickly or have a big role in the short term, maybe the Internet provides us with such a platform.

In last year's internet entrepreneurship boom, I found that all entrepreneurs are more successful in the IT, Internet or related industries, which need not only the funds, but also not only management experience or interpersonal relationships, but also the ability to learn and adapt to the environment. So internet entrepreneurship is something that should be done by young people.

(Excerpt from: Speech at the June 2007 China Venture Summit forum)