Gavin: Investors are running for entrepreneurs

The founder, chairman and CEO of Gavin Group, who was visiting the 136th issue of it Longmen (TechWeb map) "TechWeb Report" July 19 News, the founder of the Qing Branch group, chairman and CEO Gavin Visit the 136th issue of it Longmen "venture casting",　　Share business advice and investment experience with entrepreneurs.　　As an entrepreneur: the founder should not be too many five years a threshold Qing Ke group is Gavin's first job is also the only job, Gavin starting business since 1999, is also Tsinghua Management Institute of the first suspension of business.　　Gavin said that the beginning of the venture did not have the exact goal and idea, by 3, 4 Tsinghua Master students composed of the original team just "a pat head, their own shares", began a long road to entrepreneurship, but also the Qing branch today. But so far, the Qing branch of the entrepreneurial team only left Gavin, former partners or go abroad, or career change, have left the investment community. Recall more than 10 years ago, Gavin Regrets, when the Qing Branch group, a no money, two No name, there is no background, then want to do is to build a small grass house, the house can survive.　　But the people who took the house after ten years after the same, the Qing branch needs to build a 50-storey building, 100-storey building, the need for different people to participate.　　At the same time Gavin also remind entrepreneurs, in the early stage of entrepreneurship is not to say the more the founder, the better, two or three founders the most appropriate, too many instead of "very troublesome", like Ma Yun's 18-person entrepreneurial team, to the end of each share will be small. And for the success of the entrepreneur, Gavin also said not overnight. In his view, Chinese startups have a five-year threshold that will take at least 5 years to see if they can succeed.　　For example, from the current point of view, the establishment of the 2005 start-up enterprises have been successful, and even many have been listed. As investors: the success and failure of most of the investment by luck as investors, Gavin also made a lot of suggestions to entrepreneurs. He said that investors choose entrepreneurial projects tend to value many factors, but the most important can be summed up to three points: the first is to see the development stage of the market, to see whether the industry is going up or down, now in what stage of development, is just hot up or already very hot.　　The Qing branch is often more concerned about the micro-thermal stage of the industry, such as E-commerce these years, if the industry to enter the Red Sea state reinvestment, is basically already late.　　The second is to look at the position of the enterprise in the market, enterprises in the industry ranked who, there is no other than the same characteristics, often investors are more concerned about. The third is to see the team and individual entrepreneurs, in fact, this is the most difficult to grasp, but also the most likely to make mistakes in the place.　　An enterprise's business model is very good, in the market also has a certain status, but the team does not pass or the entrepreneur individual "unreliable" will often pull the hind legs, such as "brag-like entrepreneurs are generally not recognized." On the other hand, entrepreneurs in the choice of VC investment should also avoid some problems。 Gavin said that the choice of investors do not pay too much attention to price, because the higher the price of investment, the higher the investor's demand for you.　　In addition, entrepreneurs choose VC Investment can not be too strong, tube of the special VC, as your boss VC will often interfere with the development of enterprises, if the beginning of contact with VC feel uncomfortable, the best detour. Gavin also frankly, the relationship between entrepreneurs and investors is more like the relationship between friends, can be in consultation with each other projects in order to continue in the longer term. But the investment also has the success to lose, Chingko also once missed many good investment projects, this includes already listed or is widely optimistic about the network, the century good margin, the public comment net and so on Internet enterprise. But there is nothing to regret, as long as you are in the market, with the entrepreneur, you will be able to meet good projects. "Investment needs to seize the opportunity, but most of it depends on luck."　　"Watch the mobile internet is willing to run for entrepreneurs" the Qing Branch Group was founded in 1999, is the venture capital and private equity investment in the field of integrated services and investment institutions, the main business involves: the field of information, Research consulting, Conference forum, investment banking services, direct investment and parent fund management.　　Gavin revealed that at present, the Qing branch has invested more than 100 companies, investment in the industry involved in the Internet, mobile wireless applications, digital media, health care, energy and environmental protection, consumer goods, services and other emerging areas. Gavin also said that the goal of the Qing branch is not to make the best funds, but to do the best joint investment agencies.　　Most of the investment projects in the Qing branch are done in cooperation with many investment institutions, and cooperation is very important to Chingko, "We want to be partners of entrepreneurs and investors". For the future of the Qing branch of the investment direction, Gavin said: "In the last two years we invested in social gaming companies and mobile internet investment more, in a field as long as we look at him, we invest more strength." Hope to be able to do some more investment projects in the future, especially in the mobile Internet field. As long as it is mobile internet things, we are willing to see, willing to learn. Gavin also said that the Chinese Internet entrepreneur is a group of very advantageous groups, compared to whenever, they know more about the Internet and products.　　Chingko is also willing to invest more entrepreneurs. Gavin finally said that the entrepreneur is the investor's teacher, "because the entrepreneur takes us into many new professions, the entrepreneur is the most formidable, the investor only is sparring, accompanies runs". (Jing)