Comments: Entrepreneurship should not rely too much on "VCs"

Opinion the financial crisis, the employment situation is grim, public opinion on the topic of youth entrepreneurship again hot up. However, there is a common misconception in this discussion, that is, too much reliance on "wind system", that in the absence of venture capital intervention, no gem to provide exit channels of the present, entrepreneurial incentives will face a lot of difficulties.　　In fact, the start-up phase of the choice, not only a venture capital. In the evening of Sunday, CCTV economic channel broadcast the "Youth Entrepreneurship Guoqiang" special program. The entrepreneurs introduced in the program have adopted the tutorial system.　　The mentor's identity is generally a more successful person in a particular industry, providing advice on youth entrepreneurship as well as funding, technology and networking support. Online Google, and CCTV cooperation "youth entrepreneurship in the Guoqiang" series, is the China Youth Entrepreneurship International Program (YBC), and the plan is the prototype of the British Prince Charles initiative to set up a youth entrepreneurship International plan.　　Apart from providing microfinance, the most striking feature of the scheme is the provision of "mentoring" that the British are good at. In the field of venture capital in the world, the earlier popular is the United States first venture investment system. That is, a special investment experts to visit the project, in a small area to raise funds, set up a special investment fund (this process is called a "round"). After investing in specific projects, the fund usually sends representatives to the Board to participate in decision-making on major issues. In many cases, VCs will also recommend senior management personnel when they need it.　　Google CEO Schmidt, for example, is recommended by VC companies. From this process, we can see that "wind investment system" also has some advantages of tutorial system.　　VCs will also be consulting with companies and are happy to share their relationship networks with businesses. However, VCs are only willing to invest in high growth, High-tech, high performance enterprises, because the only way to bear the high risk. Silicon Valley's VCs, which require at least 50 times times the return on investment, typically have 200 to 500 times times the return on a project to enter the venture's horizon. But not everyone has the ability to enter the "three-high" sector.　　From the "Youth Entrepreneurship Guoqiang" program, there are many young people choose farming, express industry, interior decoration and other traditional industries, these industries can not achieve the return of High-tech enterprises, but whether it is to attract employment or serve the community, they are also indispensable.　　Therefore, in encouraging, the promotion of High-tech entrepreneurship, whether the media or the industry, should also be more focused on the general industry in the entrepreneurial, in the financial crisis has not been eliminated in the background, the "tutorial system" and other types of entrepreneurial auxiliary mode, but also to give more attention. -Yuguoyu (Anhui staff)