The Donews studios go early, early, and early. Look at the list of services offered to entrepreneurs in the studio manual and know what they're throwing. "Help the entrepreneur determine if the ' idea ' is feasible, or which point in the ' idea ' should be cut, and make a short, long-term plan based on these directions. "My goodness! Donews Studios are casting "ideas"!
Donews Studio is willing to take the most early projects, visibility of the lowest risk, the layout of the source of entrepreneurial projects, because it is in the field of venture late, not so, out of the head.
Y Combinator founder Paul Greheum said: "Internet startups are like mosquitoes, the only competitive advantage is a lot." Mosquitoes as races can survive as individual escape. ”
Donews Studio also believes this. It does not assume that it is bole. Not pretend to see far more than others, think thoroughly. It assumes that the number of trial and error is more than likely to succeed. Therefore, it is the first thing to host the Donews Entrepreneurship competition, in nearly thousands of entries Taobao. To ensure that they do not fall out of the trial and error, the Donews Studios only promise entrepreneurs 6 months to start the money "mainly to help those entrepreneurs who really need the money to pay for their living expenses." ”
6 months later, all to see the project in the "Graduation Project Show" performance, all depends on the angel and a round of funds to pick up the bar. Let the market choose, not opinionated, stop loss in the 6th month, let Donews studio direct losses, to ensure that it can bulk investment, batch trial and error.
Donews Studio Taobao, each project has no way to invest a lot of money, had to say "money is only the small component of their investment", it must provide more entrepreneurial services to the price of entrepreneurs to provide 2% to 10% of the shares. So, we see that as soon as it invests, it pulls the project into the studio for 6 months of entrepreneurial coaching. Here, the Donews studios are more like universities, with courses in product positioning, marketing, project presentation, financing, human resources, legal administration, social networking, and more.
Lee is the founder of the Word-of-mouth network, for Ali is one of the most famous product managers. Earlier, his product coaching had attracted many early projects to the 15,000-square-metre incubator in Hangzhou, a donews studio that was just an extension of Lee's governing career. Wang Donghui is Golden Hill before the CFO, operation of the Jinshan listing and Tencent Strategic investment Jinshan. Zhaohong (Andrew Teoh) is Alibaba Group Enterprise Finance and Finance Management department head, Operation Ali several key projects: Yahoo 1 billion U.S. dollars to inject Ali, 1688.HK listing, Temasek Silver Lake DST Yunfeng Fund joint organization have his busy figure. Wang Donghui and Zhaohong have been playing in the capital world for years, socializing and helping entrepreneurs to introduce investors is easy. Their value is that they can teach entrepreneurs how to dress up a startup project more appealing. How to reach a deal as soon as the investor's interest has been aroused. Liu Yan is known as the first Chinese it journalist, and he and his founder Donews can use the understanding of communication to help entrepreneurs learn to build brands and win more users and markets.
Y Combinator is a computer term that means the program that launches other programs. Paul Graham launched 172 start-up projects in 7 years, with a total value of 7.78 billion dollars, averaging $45.2 million each. 7 years later, what is the value of the Donews studio? And whatever it is, if it can generate more money now to invest in "ideas", it will surely bring more dreams immediately. God bless your dreams. Let China have a Y Combinator, more dream!