Ding Hui Wang: lack of money for successful entrepreneurs is a false proposition

Wang, who was born in 1961 and graduated from Jilin University of Technology in 1984, is assigned to the CPC Jilin Provincial party committee propaganda department. 1988 resigned to Hainan, began to do business, 1991 founded Wantong, has been a Wan Tong industrial group vice chairman of the board, President and the United States Wan Tong Company chairman.　　Since 1996 in the United States to enter the venture capital industry, has been a partner in IDGVC (China), is now the founder partner of CDH Venture Fund.　　He was Feng's ten-year partner, Feng called "can be a long turn, can be big friends."　　He was also the boss of Pan Shiyi, will pan step by step to promote to the President of the high, a ladder.　　As one of the six brothers of Wantong entrepreneurship, when other brothers in the real estate field Nuggets, Wang chose a completely unfamiliar field: venture capital, and has persisted for nearly 15 years.　　When capital is rushing in, former IDGVC (China) partner, is now Ding-Hui Venture capital founding partner of Wang has become a brand and legend, has invested in Asiainfo, exhibition Xun, ebay, 3721, create a joint million network, the framework of the media, created a group of young billionaires. Although he has a lot of wealth, he is unusually low-key. In his own words, neither Feng fame, nor Pan Shiyi's money, so in addition to doing business, had to do some of their own happy things, such as poetry, Learning Buddhism, public welfare and charity.　　Our correspondent Hu Yuan Beijing reported to successful entrepreneurs, lack of money is a false proposition Xiaoxiang morning News: In real life, many entrepreneurs often because there is not enough money to stop, how do you think entrepreneurs should deal with the problem of lack of money? Wang: For successful entrepreneurs, lack of money is a false proposition, and it is clear that all successful entrepreneurs solve the problem without exception.　　In other words, one of the important qualities of an entrepreneur is the ability to break through a lack of money.　　As long as an entrepreneur is trapped by lack of money, he does not have the basic qualities, abilities, personalities and psychological conditions to be a successful entrepreneur. No one is willing to give you money, it must be that you cannot convince others to believe in you and your plan. Nowadays, Chinese society has a lot of hot money and many people want to earn.　　If you and your plan can make people believe that they can earn a lot of money, how can no one invest in you? You can't even find anyone who can afford it, dare you say you can make money?　　In all projects, judging people is very important Xiaoxiang morning news: What kind of project easy to impress investors? Wang: I used to have friends to help me summarize the "team > Direction > Timing > Mode > Price" approach. I think first of all must be a huge market, market potential has, this direction to the second is the right time to start, that is, the timing of the start to grasp and judge, a lot of project ideas are good, but started early to do the martyrs, started late delayed the opportunity; Then there is a strong team, a strong team even if the direction is wrong, Also have the ability to adjust themselves and find the right direction, but also to overcome difficulties and withstand pressureThe degree of force is particularly strong, in addition to innovative good business model and a suitable investment price.　　Xiaoxiang Morning News: What kind of person are you most willing to invest?　　Wang: In all projects, judging people is really very important thing, all control methods, from the effect, are limited, really reliable or in the other's heart. Venture capital is like borrowing money, I lent it to you, if you especially good faith and commitment, even if you do not have the money, but you slowly, but also will insist on the end.　　[Page] for betting is something to judge the confidence of the entrepreneurial team Xiaoxiang Morning News: The recent uproar of the Prince's milk bankruptcy was blamed on gambling, how do you see the use of gambling in the field of investment?　　Wang: The prince Milk thing I think is not only to gamble so simple, specifically also did not in-depth study. But in my opinion, betting is essentially what investors use to judge the confidence of the entrepreneurial team, a simple example, a project, I think he can achieve 10 million of the profit, but he thought that can be completed 50 million yuan, I can not convince him, but also want to invest in the project, I will use the bet.　　Some teams may not be willing to gamble with me when they have no confidence in themselves.　　Xiaoxiang Morning News: You are more concerned about which industries? Wang: We now pay more attention to the medical profession.　　The market is very big, the consumer in the medical treatment and so on, the expense is not so dispute, on the other hand is the National Foundation is too bad, the historical debt is more, therefore the investment opportunity also is quite many. Another is the traditional industry in the use of the Internet and requirements of the larger areas, such as the introduction of IT systems can change the traditional business model of the field, we are particularly concerned about.