China Internet success story without VC

A very beautiful article, recommended to all http://www.aliyun.com/zixun/aggregation/17642.html "> Internet entrepreneurs."
In their own thought wonderful place, did some comments, a good point.

(Net Sheng Technology Deliang interview record)

may also be history decided we walked this unique road, early we do not know VC,VC is looking for returnees, like our local entrepreneurship, people do not know us. When I started my business at the end of 1997, my only thought was to borrow money from my hometown. No one throws money, forcing us to start looking for income. If we don't make a profit, we'll go bankrupt long ago. Then, now that I have made money, why should I let others share the stakes? And the money inside the account enough, to support the enterprise, and why do you have to do so much money back?

At first I borrowed 20,000 yuan, until the end of 2006, Shenzhen listing, after nine years, we have not borrowed a penny, nor to the bank loan a penny, nor to venture capital to a penny. I think the internet bubble has helped us. People holding 5 million, 10 million dollars, with a rifle Yang Pa menacing, we these Earth eight company can survive? The 2001 bubble burst, competitors earn no money, and can not circle the money, automatic extinction. We were not involved in the bubble, and we were killed. We are always in the completion of hematopoietic function. No matter which Internet industry bubble (comments: Look back we go to 114 this three years through the road, it is not so?), others are circle money circle money to circle money, we are making money to make money again.

Suppose we go for a VC, there may be two kinds of results, one is to go faster, one is to die out. I just graduated from college in 1997, and I haven't been in touch with so much money. A sudden drop of 35 million dollars to me, may have knocked me out. Even now, to really give me 1 billion, 2 billion, to tell the truth, I do not have the ability to use well.

Why we can from 20,000 to do today, we have a word inside the company, called Passion to take the stairs. I think the fundamental reason is that this sentence plays a key role. Take the stairs rationally? Passionate, emotional? Passion to walk the staircase, is actually a combination of rational and perceptual. I think the ability to improve, a person including a corporate wealth accumulation, it must be a passion to walk the staircase model, rather than take the elevator process.

It's hard to say that after 5 years, the company needs no money. Maybe we think the team is mature, the level is enough, you can do a larger project, but now we do not have the ability to use the hands of the money. All of a sudden give you how many million dollars, I see the Bring is not happiness, may be a scourge. You go to see our private enterprises, the problem is often more money, disorderly investment. For an enterprise, spending money is really not easy (comments: Wonderful Ah!).

In my opinion, do not take money as the fundamental element of entrepreneurship, not, whether the entrepreneurial success, money is only a factor. When starting a business, the money must be increased slowly, it will be a good thing. I do business for such a long time, the only feeling that you and the opponent is not money and money, sometimes a battle of spirit and will. (Comment on: Um. The Battle of Spirit and will. Looking back on the classified information industry over the past three years, more money than we went to 114, or done much earlier, or more resources, or more publicity ... And so on the company is unfortunately slowly disappeared, the taste is indeed very memorable. This time if you lose patience, also say is not to introduce a big strategic investment, blow their own big, very likely to attract failure. Enterprises like us, if the introduction, I do not think it is not good. We have more than 10 years of unique culture, unique ideas, to introduce a new idea, new ideas to change, it is difficult.

My 12 years of entrepreneurial process, there must be pressure or setbacks, but I have a good mentality, it is easy to release. The first company is not short of money, second, the company's main business is very good, good cash flow, the team is very good. Why is there pressure? If you want to run faster than others, your pressure will come. It's too much pressure. People go to CCTV advertising, I also go? No way. My routine is very simple, is to practice the internal strength (comments: products are the fundamental fundamental of Internet applications, and then the big flicker and resources, if and product and user reputation, in the history of the river, are very small ah! Products for the king, user reputation for the king. People do all-inclusive platform, we do different, small farmers Plus Alliance platform.

To do a good job, you must have three forces to prevent the three chaos. In the face of difficulties have perseverance, in front of the temptation to have the strength, in front of the opportunity to have the courage to prevent disorderly investment, disorderly employment, disorderly spending.
　　

The original source from Sina: Deliang: Net Sheng from the establishment to the IPO did not have a penny to VC

Huang Haowen is the founder of the 114 Classified information Network (www.qu114.com), a former Microsoft technical expert.

Huang Haowen Sina Weibo: Http://t.sina.com.cn/popkee