The speed is more important than the financing price (who climbs first, who can start with a machine gun sweep)

I've seen entrepreneurs who have good ideas like holding a golden doll and feel that the world is the only one who can imagine that the idea of a money-bound success. So they were in the early days with the investors to care about, that if the company can not raise the price of financing to get a little higher, they are very face. But I always argue that it is most important for entrepreneurs to get money quickly in angels and a-wheel stage. you may not be particularly good for the first time you get the money because you have no experience, but it is worth the sacrifice.

Because the first market is very brutal, just like a war. Two armies rob a hill, this time who does not kill the first climb up, even than others lead 10 minutes, the first machine gun can sweep, can achieve the final victory. don't think your idea or product is unique, is enjoy high, in China, a lot of smart people. Perhaps you think of a product, already have 100 people at the same time think of, there are 10 have started to do, and so you search, found that 1, 2 have been online. So time and opportunity are often more important than the price you raise.

Second, the real financing of the success of the people, will pay the price of high prices for financing, such as high valuations, investors feel insecure, it is necessary for you to bet with him, and this will often bring the situation of double losses. for a budding entrepreneur, I think the most important thing is to quickly get the money, fast work, quickly put the product to make, quickly push the product out.

Finally, I think the high price of financing does not mean true success. Financing is only a means, the most important thing is to put your enterprise's products and markets to do well. The final proof of your value is not your financing price, but the value of your listing or acquisition when you do it.

Let me tell you an example of myself. I did not have a little financing experience when I was a company for the first time. At that time VC only despair return, later I finally met a IDG. IDG asked me, "How much do you want?" "Their hearts are expected to be 2 million dollars. But I was trembling in my mind to calculate, say 2 million is enough. They asked me, "2 million dollars?", I said "Yuan ah". IDG depressed the heart of the joy said, "Cast 2 million, but we want 25% of the shares." Is this a good condition? Certainly not. But I have never regretted it, even I have never complained about IDG. Even if they make more than 100 times times the return from my company, I still feel quite happy. Why is it? Because I feel that without that money I would not be able to enter the Internet, there will be no subsequent attempts.

Investors like me because they all make a lot of money from me, but I also feel they have a lot of help. I remember Liu Shaoqi said a word, "some people eat a small loss accounted for big cheap, some people are accounted for petty eat big loss." "So, I think entrepreneurs in the early days do not understand the financing is not related, slow a bit of no relationship, be people wipe some oil is also not related." The Most important thing is that you can get the support of the investor, take advantage of the terrain, take the crucial first step.

Reference: http://blog.sina.com.cn/s/blog_49f9228d0101dvcp.html

The speed is more important than the financing price (who climbs first, who can start with a machine gun sweep)