Charlie: Entrepreneurial lack of business model needs to return to zero rebirth

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Dry Dragon Venture capital partner Charlie has been a VC and entrepreneur's dual identity, encouraging the young people aspiring to start a business. In his view, startups without a clear business model will not invest in anything but fools because no one is willing to pay the wrong tuition fees for you. And early entrepreneurship is a cash flow death, Charlie advises every CEO to ensure that the company at any time there is no less than six months of cash reserves.

Charlie that if the start-up companies can not find a business model, the CEO at this time will undergo a severe test, rather than wait until the last moment to lay off, as soon as possible, the reality is brutal, no face and dignity. He suggested that a troubled start-up CEO should make the Gordian knot and calm down to rethink that startups sometimes need shock therapy and zero rebirth.

The following is part of the classical quotations:

1, start-up companies in the cash depletion, the business model of the risk of breakthrough will be very serious, because the new business model takes time to try the wrong, and at this juncture, time and money have become the luxury of entrepreneurs, of course, at the company's survival point some people were forced to abandon the whimsical, focused on the essence, and finally successful breakthrough, Like what people call entrepreneurial escape.

2, start-up companies can not find a business model, there is nothing left, the CEO at this time will undergo a severe test, rather than wait until the last minute layoffs, as soon as possible, the reality is brutal, no face and dignity. The proposal is bogged down in the mire CEO Gordian Knot, calm down to rethink ... Startups sometimes need shock therapy to return to zero rebirth.

3, there is no clear business model of the start-up companies, in addition to a fool no one will invest, do not blame VC is not timely, is no one willing to pay for your mistakes in tuition fees. Early-stage entrepreneurship is a cash-flow death, and it is recommended that every CEO make sure that the company has no less than six months ' cash reserves at any time.

4, I in many universities talk about entrepreneurship, at the end asked who would like to drop out with me to start a business? Respondents are always zero. You think college students are easy to be fooled, huh? Please be assured that the majority of students in China's education system do not start a business! Those who have never seen college students start a business, and fear to ruin the university students of the big boys, less nonsense, often to the students to talk about determined, adventurous, independent thinking, traveled the world ...

I want to say to all college students: 1 find their favorite things, to do it bravely and persistently; 2 have the opportunity to go abroad, the world is very big, worth experiencing; 3 in front of a start-up company and a large company's job opportunities, first to try the former; 4 don't go to the civil servant, fall into this dye you destroy; 5) Never ever lose a dream!!

5, too many people think that there is a concept of entrepreneurship, everywhere looking for start-up funds, no, this is "want" entrepreneurship. Really entrepreneurial must jump in first, do it, or you can think of a lifetime, to the end of the. Such a lot of people, investors have time to see each? So don't complain about not having a chance. The best way to venture capital is not to argue with investors, but to take samples to give a demo to investors!

6. (How can I get investors to give me six minutes?) 1 It is best to find the investor's family, friends, through the acquaintance of the past, 2 to write a good business plan, 3 to find your project with the full counterpart of the investors (industry, stage).

7. Almost every college student who dropped out of school I contacted each other in the first time, but in China, there are too few people, but I still know a lot of them, many of them are my friends, I appreciate college students to start a business, those who have never really seen a college student entrepreneurship, in the blind wound against college students entrepreneurial big guys and kids, Cut the crap!

8, I am very concerned about the founder's qualifications and work experience, which is very important for a person to start a business. However, I value what he/she has learned, whether it is from a prestigious university, and I value what companies he or she has done, what they have done, what they have accomplished, but not whether they come from big companies such as the top 500.

9, venture capital financing, these problems are not to be avoided: 1 share ratio, 2 company valuation, 3 financial forecasts. The essence of equity financing is to sell your company's stock to the market, the market to see your company is not very emotional, often only the general yardstick: annual income, gross profit, net profit ... Early-stage companies are difficult, so try to find investors who believe in you.

10, idea is not need money, make a sample also spend not how much money, should own pay, the initial user test can find your friend classmate, also spend not how much money ... Wait until these results, the potential of the project has been discerned, then the change is very easy, the user said that the product is easy to find an angel, users respond to the general will be difficult to change.

11, the importance of people, the team is the most important. First-class team can be from scratch, can overcome a lot of difficulties, can not fear failure, or even a not good idea into a killer product, the last venture success. The three-stream team can screw up a first-class idea.

12. (How can I get the approval and support of investors with the quickest time?) 1) be honest; 2 tell the truth; 3) say more about yourself, your own team, your own products, your company's current status, 4 and so on investors asked, and then the market how big, competitors have how rotten, the prospect of how good ... 5 must want to know how much money they need, the proposed less money, not greedy, 6 months-12 months to need the money is enough, do not want more.

13, I believe that venture capital is the investment team, to let the entrepreneurial team really become the owner, they succeed, investors can make money, investors and the interests of the entrepreneurial team against the practice, may be detrimental to the entrepreneurial project.

14, I particularly like this small team: 1 focus on doing one thing, no cellulite; 2. Everyone in the team knows each other, everyone is indispensable, everyone is important; 3 without the qualifications of arrogance, can only surprise the struggle; 4 agile, quick response; 5 entrepreneurs, be proud of your little team, Greatness is not in scale, but greatness is a gene.

15, to those who have joined the start-up companies, or ready to join the start-up company's children's Shoes three words: 1 start-up company no nonsense, mission must reach, 2 start-up companies have no official office, can be on the, 3 start-up companies in the zenith, promising, see your own energy is how big! (The above quotations are all on the self-examination of a person Weibo)