Internet Farewell to entrepreneurial age

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If starting a business today, what will you choose to enter the market?

When the issue was thrown at Ma, the founder of Tencent, who steered the 15 billion-dollar market capitalisation, replied: "I can only do what I am interested in, explore it a little bit and not think about the outside world." "The reason is that the network's core products-portals, instant messaging, search engines and e-commerce-have been divided, there are only two: video and SNS, but also has a high threshold." Ma admits: "Now many people still want to build 1 billion dollar company on the network, already more difficult." ”

The pattern of oligopoly has been set

If the first wave of internet entrepreneurship, the birth of Tencent and Baidu two market capitalisation of more than tens of billions of dollars of companies, Alibaba, Sohu, NetEase, Ctrip, Sina, Shanda Six companies with a market capitalisation of more than 1 billion dollars, so today, I am afraid the most optimistic prophet also dare not claim that five years will have similar size of eight Chinese internet companies.

Although entrepreneurs inevitably see themselves as more innovators, established websites that created and laid down barriers in the past 10 years before 2000 have already formed an oligopoly.

Unlike America's internet giants, they rarely acquire, preferring to follow up after a successful product model has been created by the latter. There have been some people think that they can be like Google pry Microsoft to become subversive, such as Xingdong has tried to blog China to surpass Sina, but when the blog this model has been proved to have the market, Sina, Sohu, Tencent and other intervention, so that blog China inevitably become backward.

"The last wave of entrepreneurship, where all the open space, you take a piece on it." But now, there are several big cities, we can only do guerrillas, while looking for a few pieces of relatively fertile grass, gradually become small village, and then become a city. Side looking for the other meadows. "Thousand Oak Group founder Chen said.

New business model Unknown

If the oligopoly is set, the new business model is murky, and China's internet users reach the tipping point of 500 million in 3 years, it is hard to imagine that there is more room for business in the future, in accordance with the existing play-the localization of the American model. At least for now, The vast majority of venture capital organizations no longer regard the network start-up companies as their own research focus.

Perhaps since the late 90, China's internet industry has never seen so many startups in a short time, except that MySpace, YouTube and Facebook have been imitated by hundreds of startups, such as LinkedIn, Bloglines, Plaxo, etc. The third-tier star "is also incorporated into the Chinese perspective." Entering the 2008, although there are still startups, it is clear that both the number of startups and the enthusiasm of investors are far from 2005 and 2006.

Venture capital enthusiasm no longer

If, in the 2000, both entrepreneurs and investors in China lacked the concept of how to start a good company, the game would be completely different.

A fundamental change is that many of the VC funds set up in 2005 and 2006 have raised as much as $ hundreds of millions of trillion, making it impossible to invest too little, preferring to bet on a handful of companies that seem to have the highest chance of success. To ensure the return on investment, the vast majority of VC choice is not too much: the United States successful model + local relatively mature entrepreneurs, or those who quickly get a certain popularity of the site.

This makes it easy for some young entrepreneurs to be left out of the flow of investment. In fact, the vast majority of companies that fail to get financing are the equivalent of an early exit in the next long "arms" race.

The big shots shouted "winter."

Said the winter was more violent than it was 8 years ago.

To ask the earliest source of "Internet winter", it is natural to mention an internal mail from Alibaba's chairman, Ma Yun, last month. In order to "spend the winter", he said, Alibaba has taken out all of its investment projects from the beginning of this year, in order to preserve its strength. In the same period, the "Winter" theory is also the chairman of Tencent's board of directors and CEO Ma, Lenovo Group chairman of the Board of Yang, Huawei Group President Ren.

The US subprime crisis, which erupted last July, spread from the financial sector to the overall economy in the ensuing months, seriously weighing on global equities, and there is still no sign of finality. The "Winter" of China's internet companies is more violent than the dotcom bubble of 8 years ago, according to a report by the analysis agency, which is affected by the global macroeconomic slowdown, the tightening of domestic monetary policy, the double pressure on raw materials and energy prices, and the blockage of commodity exports. The rampant turnover of senior executives

Second quarter earnings into the workplace "soporific character"

With the announcement of two quarterly earnings and interim results from domestic internet companies, a group of senior executives also left.

Only two days August 17 and 18th, there are three senior executives, the Air network CEO Zhou Yun Fan, the media COO Chen Conjong respectively announced after the earnings announcement, Tom Group's former CEO Tommy resigned from the CEO post once again resigned from the Non-executive director position. In addition to the outgoing Sina board chairman Yongji, Shanda Network President Tang June, friends of the President of the Wang Shaojian, nine city CFO Li Chaon, the wireless CEO Xu Maodong, and so on, the first half of the domestic internet companies left the core executives up to a dozen, set off a burst of senior management turnover storm.

SP becomes the hardest hit by senior management

SP Concept Enterprises become the frequent turnover of senior executives. From the professional management, including the Air network co-founder Zhou Yunfan, Tom Group CEO Tommy, Friends of the century President Wang Shaojian, the focus of wireless CEO Xu Maodong and other heavyweight figures.

SP in the country after the large-scale reorganization, many of the domestic SP business has been hit hard, the company's performance is also a record low, is currently in the original business downturn new business of the strategic transformation stage.

First half of Internet Enterprise turnover executive List

Sina Board Chairman Yongji

Royal Network President Tang June

Wang Shaojian, president of China Friendship Century

Sky Network CEO Zhou Yun Fan

Divided Media coo Chen calmly

Tom Group Non-executive Director Tommy

Nine City CFO Li Chaon

Division Wireless CEO Xu Maodong

Qihoo 360 general Manager Fu

Taobao President Sun Tong Woo

Alibaba Group COO Lejiana

Alibaba Group CTO Wu

Alibaba Group senior vice President Li

Yan Huang Media coo Cao Liming

Bono General manager Tian Jian

Tenkine COO Wang