China Investment Circle Spy Shadow: Who is the Black hand who manipulated the death game

The contradictions between Chinese entrepreneurs and investors are intensifying.　　First handle Nets founder Wu was driven by the wind, and then the 24-coupon CEO Du Yinan and investors have a serious confrontation, Massamasso blood and Tears struggle, followed by Sequoia Capital is accused of cheating entrepreneurs. And, of course, Kai-Fu Lee combined 61 Chinese executives to open an open letter, and the United States to short research institutions "sweet" war of words.　　So far, the conclusions have been inconclusive, but at least the attention has been drawn to the goal of public concern. Behind them is an increasingly turbulent and trap-ridden Chinese investment circle.　　Many Chinese entrepreneurs have also begun to question and reflect on: whether capital is the wealth or the bubble, the wind behind the end is pushing or butcher?　　Capital Tragedy Endless Wu, the Baptist Internet more than 10 of the founder of the handle network, has quietly disappeared in the River Lake Day long. "Wu really is gone, for a long time did not appear in the company." Hey, this thing.　　"In the middle of September, facing the industry rumors Wu was forced to leave the news, a handle network insider told reporters. "Low profits, rapid expansion and poor cost control" are the main reasons for management dissatisfaction with Wu, said insiders. And the listing of setbacks, eventually become the fuse.　　The capital side finally fully intervenes in the daily management of the handle net, Wu authority is elevated, from the CEO position. This is a typical case of being pulled from capital to be controlled by capital: In the past two years, driven by investors, handle the first two years began to enter the rocket-like expansion of the road, but the Wu management style and ability from the start-up of small team management inertia adjustment, and when the big environmental catastrophe, strategy and environment conflict,　　Investors have also shifted responsibility to the founders, narrowing the founders ' power boundaries and undermining the company's innovative genes. It is said that investors have given Wu a picture of a quick listing. And after getting the investment, Wu almost every day to see VC.　　But Wu also not because to see the project VC too much and selective neglect, any VC put forward inadvertently small problem, Wu may grownups, request product Department first change to say. There are WU problems, more VC problem. "Now China's electricity, group buying and other companies to follow up the financing agreement, in fact, mainly by the wind cast the final decision."　　"24-Coupon CEO Du Yinan said. A prophecy. In late September, Du Yinan and the investor Malaysia group ripped the cheek--both of you came to me and sent a mass mailing to blame each other. Du Yinan proposed to formally release the positions of members of the investment team, while the investor representatives also announced the cessation of the injection of 24 coupons.　　For 24-ticket employees, they don't know whether to trust the founder or the CEO, or to trust the investors who accuse the former of withholding 2 million yuan. Such farce or sadness, in today's Chinese internet market, is constantly emerging. For example, Massamasso, a original men's own brand vertical web site, entrepreneurship 4 years year-on-year growth rate of up to 300%, in the acquisition of Sequoia Capital tens of millions of dollars after investment, rapid expansion and vigorous promotion, now caught in the acquisition, layoffs and financial chain broken tears of blood struggleAmong。 "Martha got a fund of Sequoia, to tell the truth, this is the beginning of the whole tragedy, my brain no longer need to think about how the brand to do, but to think about how the overall site promotion activities to organize, how to pull through the activities of new customers to pull sales.　　"This is the former Massamasso marketing director Han-hui's reflection. "I asked myself many times if history could be repeated, would I be in a hurry to get the 10 million dollars from Sequoia?" "Massamasso founder Hong in tears back to have left the former marketing director Han-Hui said:" There is no way to go, just to live. "Massamasso up to now has not been acquired, and rumors of the acquisition of Su Ning Yi, has just announced 66 million yuan acquisition of China's largest mother and child products website Red Children, that is another sad story--2010 year, red Children's sales of 1.5 billion yuan, 2009, sales of 2 billion yuan." After the capital entered, the Red Child 2011 sales of 1.5 billion yuan, 2012, to sell 66 million yuan to complete the mission.