How to start a business before age 30: Youth is Power

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Newspaper reporter Shangyuan

How to start a successful business before the age of 30 and how to walk the entrepreneurial path of young people is probably the focus of every young man's attention. To this end, on December 2, at the annual Venture state conference, Poly-Mei Excellent products founder, CEO Chen Au, Cool disk CEO Guzhi, the United States Interactive Advertising CEO Shuyi, the United States Mito CEO Wu Xinhong, the game Matrix CEO Xu, in the chat network co-founder Xu De in Beijing fur Lu Culture Technology Co., Ltd. CEO Yaqi chaired , attended and participated in the "entrepreneurial upstart under 30 years old, Young is the strength" discussion session. These young people under the age of 30, with their own companies and products gathered a large number of users, but also attracted many young people and investors to admire the eyes.

How to get the money?

How to get investment is one of the most important factors to start a business. And the idea of these young winners is: Don't just think about getting one of your ideas to "fool" investors, or just do your own thing first.

Poly Mei Excellent product founder, CEO Chen Au talked about getting Xiaoping investment, Chen Au said, Xiaoping teacher is very passionate, young people will support more. "His idea is to like this project on the cast. So I support you entrepreneurs to try to get Mr. Xu's investment. ”

Wu Xinhong's entrepreneurial path is unique. "I am a photography enthusiast myself. I used to study oil painting, art major. I also experienced three times, the first time in 2001, just graduated from high school, by the domain name earned 300,000 yuan, help others design Web pages. The second time is also to take a little money to do, but the first two failed, and later in Cai wins eldest brother's company inside to help him do products, the United States Mito is a certain user after the independent into the company. ”

Xu De's company registration cost is 100,000 dollars. "We did it for a year until last month, and we just finished our first financing. Before we often pay the staff to pay the rent, the main way to finance is basically to borrow money. ”

How to build a core team?

When the company finds money, people become the most critical factor. In fact, there are still a lot of hot money in China, but like-minded people are not easy to find. Because you set the direction of the company's development, the CEO how desperately, also can not write the program every day, their own to delivery, sales, therefore, it is very important to have a good entrepreneurial team. A business, including a lot of VC, angel investors, the first important factor is the entrepreneurial team.

In this respect, Chen Au's advice is: "Start-up companies in the early days, looking for a very very strong people, that is not realistic, because this means that the company's rights differentiation." So early in the beginning to find someone is their friends, their brothers, their own trustworthy person, not necessarily the industry inside the most powerful. ”

In fact, I do not recommend college students to start a business as soon as they graduate. Gu sincerity said. "Because I think just graduated, don't say eat pork, pig ran did not see, how to find the right team?" Even if done, there are a lot of uncertainties, and then stones, entrepreneurial success is very low probability. "So he thinks that just starting out to a different company, with a bit of purpose in the past, to see what resources, information, including connections, is important for entrepreneurship.

Talking about "people", Shuyi also has a lot of regrets. "We are constantly groping for team integration," he said. Our company is the area of advertising business, several aspects to rob people: sales, operations, technology to rob, one can not be missing. A lot of our technical teams are still dug up from Google. Their original treatment is very high, want to pull them, you must not rely entirely on money, but dream, is the dream of entrepreneurship. In fact, everything depends on demand, some 30-year-old young people, they may be in the original company inside Underachievement, so want to start a business, we dug over the people have a dream. ”

How to locate a product?

Chen Au is highly regarded as not being licensed according to the rules. "First, you choose the opponent is very important, second, do not follow the rules of the big company to play his game, but you can go to subvert him, so for the CEO of small companies, more is the decision, the direction of choice." ”

Wu Xinhong that small companies and large companies are more complementary. Compared to large companies, there are many small teams have its advantages, because each year the user's needs are constantly changing, small company flexibility can accurately grasp the changing needs of users. So for a small company, first do something that you're good at, and that makes you and your users feel particularly interesting. Second, as far as possible attached to a large platform, such as micro-letter, micro-blog, quickly gather users. And try to do things that don't cost anything, and can explode quickly. He said, for example, the United States map, to now basically did not spend any promotional costs.