Alma mater Speech--a suggestion to college students ' internet entrepreneurship

Recently I went to some universities to do a series of lectures on Internet entrepreneurship, and many students asked, "which Internet model is more attractive to venture capitalists?" "It can be seen that the contemporary students are very high market awareness." So, this time back to his alma mater Geosciences speech, mainly around the topic of Internet VCs and students to share some entrepreneurial experience.

Previously mentioned the Internet is the best entrepreneurial platform, because the cost is low, at first may need only a PC to start a business. The success of Li, Mao regaling and others makes more university graduates have a vision of internet entrepreneurship. However, college students ears, inexperienced, there are too many entrepreneurial eventually failed, as an internet entrepreneur, I would like to send their past experience to China's new generation, to help them carry out a reasonable life planning, less detours.

In my experience, Internet entrepreneurship without the involvement of venture capital, all the leading edge of technological innovation will disappear almost net. Behind the successful Internet enterprises, there are always investors to promote their development, and even promote the development of the entire Internet. At present, the Internet is still to get the key areas of wind investment, and ranked in the top three are SNS, E-commerce, game three areas. Combined, it could account for 60% to 70% of the Internet's investment share. China is currently the world's most netizens, broadband users, the fastest growth rate, the best economic environment of the country, therefore, China's Internet companies undoubtedly become the first choice for foreign investors.

In this speech, the Internet venture capital model is still the focus of students ' questioning. In fact, there is a two-way choice problem. Take this heyspace obtained 20 million dollar investment for example, at present the domestic it enterprise majority will choose some VC financing, but Heyspace chooses is the PE investment. PE is actually called private equity financing, in China is not too much, it is different from VC, PE will generally have formed a business model of the company to invest, rather than VC like the seed period and start-up period of the enterprise investment. If you use a metaphor, PE is like a bank, for the enterprise icing on the cake, VC may be timely. Combined with Heyspace group's profit model and operating characteristics, PE is our better choice.

In these several university speeches, I found that the students are enthusiastic about Internet entrepreneurship, so I deeply feel the future of China's Internet and hope. However, whether or not to choose the Internet as a career development direction, I am very encouraged to students in the university before graduating, and social docking, began to think about life, career planning, ready to meet the challenges, the opportunity is always reserved for the people. If it is intended to engage in Internet entrepreneurship, suggest that students do not limit their personal thinking mode in the domestic Internet station, pay more attention to some foreign successful web sites, to understand the successful development of foreign Internet enterprises, the individual's innovative thinking will have greater help, The Chinese web site is also easier to get the understanding and approval of foreign investors.

Media report on the last speech of Guangdong University of Foreign Languages and foreign trade: http://it.hexun.com/2008-06-05/106490476.html