Jinshan FU: Entering the era of "spell Dad" is a better entrepreneurial era

For entrepreneurs, in addition to being plagiarized, the IPO has a new route, that is, the opportunity to acquire and be invested.

(http://www.aliyun.com/zixun/aggregation/9970.html "> Jinshan Network CEO Fu)

August 14 News, 2013 Internet Conference held in Beijing August 13. Phoenix Science and Technology as the official designated cooperation portal to the activities of the full coverage. Fu called "The Age of spelling" is a better time. It has nothing to do with ethics and business. Our business rivals will scoff at this, and I find this mockery to be ignorant.

Fu said in the scene, Dad has three types, respectively called "Father", "stepdad" and "Godfather." Father is a wholly-owned mergers and acquisitions, "Godfather" can give you any help, who do not know, if the company's independence is sufficient, need strategic alliances, only need some resources to inject.

Fu finally share the entrepreneurial experience, believe that you can change the industry, you can change the world, I believe you look like a madman's idea is your driving force forward. As entrepreneurs are constantly being ridiculed, questioned, and even abused by the road to come through.

However, Fu finally stressed that the most important thing is not to focus on "looking for godfather", but always adhere to the faith, do a good job is always the core.

The following is a transcript of the speech:

Fu: Hello everyone, it is a great pleasure to discuss with you the hottest topic of the times. Last year's Internet conference I said that the Internet has entered the "era of the fight Dad" by many people laugh. However, in fact, this year it seems that the bulk of the Internet mergers and acquisitions continue to surge, the bulk of investment is more and more, in fact, we think that today's internet is a real new era, that is, we are known as "spell Dad era." In fact, "spell dad" is just an image of the argument, it is not ethical, and only business-related vocabulary. When I speak of this word, our consistent competitors begin to use various methods of ethical ridicule, I think this is a kind of shallow and ignorant performance.

So, what is the way out for an entrepreneur in a time like this? From this year Baidu sky-high purchase 91 to Alibaba Sina Weibo Weibo to a variety of teams are either bought or invested. We see a few big giants figure, many people will say, this is not a stifle the entrepreneurial era? In fact, I think this is a better time for entrepreneurs. Because in the past, you have either been copied by big companies or just waiting for the last chance of an IPO. The IPO for most entrepreneurs will never see this day.

Today, the emergence of the giants of the acquisition of entrepreneurs, investment in entrepreneurs, in fact, more means that the entire Internet is accelerating development, the rise of entrepreneurs will no longer because of the plagiarism of the leader is suppressed, which is the Giants after so many years really know a truth. Therefore, for entrepreneurs, in addition to being plagiarized, after the IPO, a new route, that is, there can be mergers and acquisitions and investment opportunities. So, we think that "spell Daddy Era" is a better entrepreneurial era, because in such an entrepreneurial era, you have more opportunities to achieve your dream, with the help of the resources of all parties to assist you to complete the dream.

We put father three types, respectively called "Father", "stepdad" and "Godfather". What is a father? is wholly-owned mergers and acquisitions, so that you become part of its company, since the acquisition of you, no longer in this category to carry out their own business, such as 91 mobile phone assistants were wholly-owned mergers and acquisitions of Baidu, such as the Android team by Google comprehensive mergers and acquisitions and so on. What are the benefits of "pro-dad"? First you can get an extra set now, 91 in the Hong Kong market has entered a formal stage of the promotion, Baidu has a possible listing can never be given the price. So, this time for the entrepreneur, the first business is the pursuit of commercial return, if you have a double return, why not? Second, you use a large platform, fully able to achieve 1+1 greater than 2, or even greater than 10 of this opportunity. For example, we are familiar with today's small number of the entire mobile phone industry's Android operating system, initially a small team of dozens of people were mergers and acquisitions, and today we know that the most popular YouTube video site is also Google's a billion of U.S. dollars at the sky-high purchase, if these sites, The operating system developed itself, and I believe it is hard to change the world, because the competition is more and more fierce, for the entrepreneur has his ceiling. But with Google as a huge platform, he can quickly push his ideas around the world and quickly change the industry.

So, I think, in fact, we see today that who was wholly-owned mergers and acquisitions, think is not the terminal of entrepreneurial dream? I think entrepreneurship is a kind of mentality, is a kind of their own business and the development of the industry combined. Specifically, what kind of resources to use, how to use the platform you can according to their actual situation. If you are an entrepreneur and you are facing a bottleneck in your resources and need a huge platform to help you complete this ideal, "kiss your Father" is the best choice.

The second is "stepdad," which I think is a massive stake, after holding, this time the Giants because of large-scale stake in your later, accounted for more than half of your combined Treasure report form of holding, then his support for you is also better, this is an independent development and the use of resources to better a road, such as the search dog under the swim.

The third is "Godfather", he can give you any help, we do not know, as if "Guo Meimei" in the end from her godfather to get how much benefits, we do not know, but this time the independence of the company is enough, if you need strategic alliances, you only need some resources to inject, the vast majority of VC is the same.

In fact, the phenomenon of "spell dad" in Silicon Valley is more obvious, I have seen many entrepreneurs sell their own many companies, and some of them follow the big companies to achieve their own, and even I know that the free migration of employees in California has no agreement, and many of our country's companies, In particular, very individual companies like to use the ethical way to promote their own entrepreneurial original members, in fact, this is the founder of the free consciousness of the killing.