Cybernaut investment Zhu: China lacks entrepreneurial spirit and shared culture

Zhu, founder and chairman of Cybernaut investment. In the 90 's began in Silicon Valley start-up, in 1996 founded the WebEx Company (American Network), 2000 on the Nasdaq listing, in 2007 by Cisco 3.2 billion dollar premium acquisition. 2005 Home, founded Cybernaut. As the American and Chinese technology circle, Zhu today in the 2011 Global Entrepreneurship Week China Station's keynote speech to share the Sino-US entrepreneurial environment differences. He believes that the Silicon Valley is more important than the talent pool and active angels and venture capital of Stanford University, but the entrepreneurial spirit and the culture of sharing. "In Silicon Valley, the evaluation and recognition of a person is based on whether you are self-employed or not." If you are an executive in a big business, you will be looked down upon, and if you are starting a business, you will be admired, and if you are successful, you will be respected, no matter how ugly you are or how bad your English is, "Zhu said. In the shared culture, Zhu that an enterprise should be bigger, to attract the best talent, we must learn to share, the benefit distribution should be balanced. "At home, if a company has 3 founders, it's easy to turn into 3 companies with 3 bosses." "In addition, for entrepreneurs to start the direction of choice, Zhu that, in addition to looking at the market space, but also consider whether they can establish a competitive barrier in this market, if not, subdivide the vertical market may be a better choice."