Jian: What kind of incubators do entrepreneurs need?

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With the development of society, the capital needed to start a business is getting less. In addition to funding, new entrepreneurs need mentors with entrepreneurial experience to provide them with practical training in technology, business and finance.

I started to study and examine incubators around the world, especially in the United States, because I wanted to do 100 business incubators. The industry has grown very fast and very encouraging. But, to think carefully, to do a successful incubator, is not easy. Although everyone is saying, I'm going to be China's YC (Y Combinator).

YC was founded in 2005, is a very well-known incubator of Silicon Valley, it only focus on the seed stage of the entrepreneurial team, dedicated to support start-ups and provide a guide to entrepreneurship, in 2012 by "Forbes" as the top ten U.S. business incubator and accelerator, now hatching more than 600 projects, The success rate reached an astonishing 75%. YC's annual spring and fall enrollment is a breaking threshold. Because 75% of entrepreneurs who have been coached by YC can get their investment.

So, once you get into this incubator, it's a very, very bull-like, tall, seemingly future gates and jobs.

In fact, founder Paul Graham never invested in the creation of YC. Because in a speech at his alma mater, completely changed his life, because of the agitation to learn younger brother business must find ways to finance, as far as possible without their own money, by the following students demand investment and a tongue-tied. When he got back, he founded YC in Silicon Valley.

Jian, editor-in-chief of the IT Time magazine

Recently, I have often been invited to do business competition judges, and some of the national competition. In private, I have also contacted a lot of entrepreneurial projects. To say the truth, I hope to start more and more people, entrepreneurial projects more and more excellent. But I am very disappointed to tell you that good projects are really rare. Some projects have their own bright spots, but are very immature, or lack of refining, some projects have potential, but very messy, need to have experienced people to help them out of ideas, and some projects are entrepreneurs in order to start a business, it seems more virtual, need someone to remind them.

China's entrepreneurial incubator is still very immature, what impresses me most is that there is a domestic business incubator, it is said that its founders are from the big companies out, are returnees. However, I took part in one of their very large-scale entrepreneurial roadshow and saw the level of the Chinese incubator. They found a lot of investment agencies and celebrity help stations for the roadshow. I was admiring, disappointed. First of all, they choose the entrepreneurial project, the level of speech, only from the idea of entrepreneurship, project extraction, PPT production and other basic work, there are very few people to help improve, especially the lack of people with industry experience to help counseling. Some entrepreneurs talk about their products, long and incomparable, some entrepreneurs wearing slippers on the stage, incoherent. Many investors under the stage only listened to a few speeches, they walked away, and some judges began to comment on a few words, and then say nothing.

With the development of society, the capital needed to start a business is getting less. In addition to funding, new entrepreneurs need mentors with entrepreneurial experience to provide them with practical training in technology, business and finance. There are so many incubators in the country that no one really sinks in to help entrepreneurs.

YC's approach, in addition to directly to the entrepreneur real gold and silver, they are serious about each of the project packaging, in the formal and everyone before meeting very confidential, but after the tutor's many tutorials, repeated road and revised PPT, ugly duckling immediately into the White Swan. So, on the day of YC's graduation, 30% of the projects were decided by investors, and within one weeks, 70% of the projects were hammered out.

Now, as the influx of entrepreneurs, they need to really understand their incubator, help them to reduce detours, rapid success.

When will China's YC be born?