Entrepreneur and Capital dialogue

As investors, business model to see, but in addition to business model, but also to see the time, to see people, to pay attention to the feasibility and conditions of reality.　　So the business model is not universal universal truth. Our reporter Wu Yu "From now on, feel that venture capital needs to have a strong heart, but also have a relatively large gall," Sequoia Capital China Fund chairman Ji Yue in the afternoon of December 8, "Venture and wind investment sub-forum and the first financing project promotion meeting" said.　　Jinsha Venture partner Zhu Yuhu, Kay Peng Hua Ying partner Zhou Wei, IDG partner Zhang, Taishan Angel Investment vice President Chen Liang and GGV Capital Vice President Hu Lei and other well-known VCs attended the forum. "This year has been a lot of business in the field of E-commerce," said Zhu Yuhu, the Jinsha River has already invested 40 companies in the country, about 70% in the wireless and internet sectors. And Hu Lei revealed that GGV Capital is currently in the domestic fund size is almost 1 billion U.S. dollars, "in the past ten years, from the early Alibaba, to the last two or three years where to go, potatoes, we have in the Internet platform-oriented enterprises and some high growth, vertical areas have made some positive investment. "We have been active in China for about 2.5 of our time, we have invested 15 projects, we are more focused in e-commerce," he said, "We've invested in 200,000 to 500,000 dollars."　　As a 38-year-old investment fund in the United States, nearly 600 companies have been invested, nearly 200 of them already on the market, Zhou Wei said. "Our investment funds in China are targeted, and the investment sector is probably in the four areas of green technology, TMT, life sciences and consumption." With Macaulay and Dangdang listed, E-commerce listing climax of the curtain has opened, group buying and other new business models surging. But Zhou Wei notes that the number of investments in TMT's high-tech sector is declining, with many investors shifting their investment focus to areas such as health care and green technology. About the future direction of the TMT investment, Zhang that there are many excellent companies in the wireless field, as well as some new models, such as the App Store, are the focus of attention.　　Compared with 100% of the Zhou Wei, which focuses on TMT, the company said that since last year, the number of Sequoia enterprises in the TMT sector has probably more than 10, accounting for at least 1/3 of the total investment, "which means TMT is still a major direction and we feel relatively optimistic in this area".　　A number of potential companies, including cool search nets, blog posts, knowledge networks and contacts, have introduced their own projects to venture capitalists at a fund-raising event. Entrepreneurship and Venture Investment forum and Financing Project promotion will be a good dialogue and communication opportunities for entrepreneurs. "This gives us a valuable message," qiping, "and there are many people who think business models are vital to the entrepreneurial psyche,So whether it's a business model or not, it's not exactly what it looks like from an investor's point of view. In addition to the business model, but also to look at the opportunity, 5 years earlier than the wrong, 5 years later on the right. At the same time to look at people, the same business model has been made, some people do not, the successful business model is not successful people to do, and then smashed. Therefore, investors should not only consider the model, but also to see whether people do not. If the entrepreneur itself does not have such a condition, that may have no hope, so that the business model is not universal universal truth, to pay attention to the practical feasibility and conditions. Qiping said, "I think through the exchange with the investor, actually give us a very good revelation, is how to look at the problem, entrepreneurship process and capital dialogue, communication."