Blog web becomes a 1 billion dollar lesson

Abstract: Scholar revolt, 10 years have not become. In many people's view, Xingdong failed to achieve the ultimate success, the blog web became a 1 billion dollar lesson, to a large extent, because of its book business gas. That's right, but not all right. Xingdong and blog Network is the

Scholar revolt, 10 years have not become. In many people's view, Xingdong failed to achieve the ultimate success, the blog web became a 1 billion dollar lesson, to a large extent, because of its book business gas.

That's right, but not all right. Xingdong and blogging are the least invested in the book, the 1 billion dollar lesson, but they are the most typical. This is obviously not because he is a scholar, but because, in the entrepreneur to the business leaders across the bridge, an entrepreneur may be a problem, Xingdong have appeared, and this is largely because he compared to other entrepreneurs, more books business gas.

For example, team issues, Xingdong I have a strong sense of professionalism, but also super capable, energetic, ambitious. Blog China at the beginning can be a big step forward every year also fully demonstrated its outstanding entrepreneurial talent. But Xingdong too much, especially after financing, the noise, he to promote his ideas, for some executives to indulge, so that the entire blog network management team has never entered a strong, united and competitive situation.

In the control and management of the right of discourse, the Critic's Xingdong is unique. But after turning into an entrepreneur, Xingdong has no sober understanding, after all, the critic is to say others, do entrepreneurs to be said by people, and to restrain their own expression. For example, due to the board and management between too whitewash, coupled with rapid and blind expansion, so that the Board had a period of time the other party Hing East lack of confidence, and eventually ups and downs over, Xingdong own private equity repurchase company, really discreetly.

Blog from the beginning is indeed Xingdong a person's company, but with the entry of venture capital into many strong people, blog Net has become a public company, but Xingdong still think this is one of his company, this mutual cognitive dislocation, is the blog network to become a 1 billion dollar lesson of the root.

Join of Pandahai and Tan Springs

Until today, Pandahai recalls receiving a call from Hong Kong for his Ph. D. In the winter of 2004, when he called to the United States to offer his doctorate in the US with a bid of 2 million dollars, on condition that Pandahai's blogdriver could be merged with the uuzone of Chi-Hung, To be a leading company in the Web2.0 ERA in China.

Pandahai, 70 generation, China graduated, at this time is in Texas to read computer doctorate, and friends with the heart of the founder of the Micro Branch, its main operation is the blog sharing platform Blogdriver. Pandahai is a talent, leaving the blog after their own business for a period of time, then went to Taobao, has served as the general manager of Taobao Wireless business, is now the general manager of China Taobao.

The money in the VC morning Hing Venture is a very prestigious investment organization, the things to do is enough exciting. However, Pandahai in the excitement of the head is not himself. This is because he agreed a week ago to the 1:10 share with the blog China Swap shares, although this is an oral agreement, no legal benefits. But Pandahai agreed to the first, the choice, there is indeed a problem.

Logically speaking, Pandahai should choose to cooperate with Chi-hung. In terms of financing, Blogdriver has been worth 2 million of dollars, unless the blog China can melt to 20 million U.S. dollars, otherwise, relative to Uuzone's bid, Pandahai in the blog China's rights are impaired.

From the smoothness of the cooperation, blogdriver in fact has been in cooperation with Uuzone, has been using Uuzone bandwidth and server. And with the blog China's Xingdong, more stay in retreat level, discuss the future of the blog, Xingdong to the United States to accompany to see some people, Pandahai back to China Xingdong to accompany to meet some people.

From the complementarity, Pandahai should also and uuzone cooperation, Xingdong although write good comments, passion overflowing, but the business experience is not good to say, and Pandahai as more are scholar entrepreneurship. And Uuzone is the early Chinese Internet entrepreneur, he has written and Tencent QQ early competition class ICQ products, in this industry has a wealth of experience and good reputation.

However, Pandahai finally chose and xingdong cooperation, let Pandahai regrets is, take Chi-hung to xingdong cooperation with all the reminders later all realize.

Let Pandahai determined to join the blog in China, and xingdong cooperation for many reasons, but with Tan springs a trans-ocean telephone connection quite large.

Tan Yongquan Its people, Handsome Boy, 1974 stranger, had worked in China Telecom for many years, from China Telecom left to Wharton School to read an MBA, after returning to work in Lenovo Investment, the title is Vice president.

By the second half of 2004, Xingdong blog China began to finance everywhere, found the tan Yongquan. Tan Yongquan was also very optimistic about Web2.0, blog China is very Web2.0, so tan Yongquan xingdong and blog China is also very interested, he also strongly recommended to Lenovo's Xingdong project, Lenovo Investment is also interested, but ultimately by Lenovo's veto, for why is rejected, one explanation is Xingdong's blog China has been scolding Lenovo, Lenovo holding no reason to give a It may be, maybe not, to scold one's own company for investment, but in the end it is rejected.

Lenovo denied the blog after China, Tan Springs feel very depressed, but there is no way, he actively help xingdong contact other investors, and even help explain the business plan and the future may, froing, Tan Yongquan himself to convince himself, decided or jumped to join blog China, help Xingdong financing.

Tan Yongquan's entry, let blog China's financing become easy up. Prior to this, blog China is more Xingdong and his old partner Wang's blog in China. Although there are Chen and sheep east of the 500,000 dollar angel investment, but now basically have spent almost.

Tan Yongquan's entry, especially the innate circle advantage and rich experience that he exchanges with the investor, soon won the endorsement of Intel's investment division, and the soft silver that the Sheep East Service also said, as long as one is willing to vote, they are willing to chase, almost overnight, blog China has become an investment circle bidding objects, Even Baidu, which will be on the market for 2005 years, shares a small share.

Techventures Chen once told a joke: 2005, they also saw the Web2.0 project Xingdong, the first remember Xingdong mentioned that he wanted only 3 million or 4 million dollars, but because it is very hot, we all want to vote, so rushed to 10 million dollars. Similar words, IDG Shong had regrets, want to see the popularity of the blog in China.

In addition to persuading investors to invest with Xingdong, Tan Yongquan's other indirect contribution to the blog is to persuade Pandahai to join the CTO.

According to the memories of the parties, Tan Yongquan's invitation, but also let Pandahai in the blog China and Uuzone choice in favor of blog China. One is the addition of spring to the financing has to ensure that the second is Tan Yongquan also has a wealth of business operation experience, three is the Tan Springs can give themselves complementary.

Pandahai to join, let Tam Yongquan financing work also added a weight, a in China also has the work experience, from the United States back computer doctor as China's CTO, let this blog China's team short board was made up.

Everything is moving in the right direction. Now it is time for Dr. Xingdong, the company's most important founder, to appear.