Kai-Fu Lee: 20-year-old business is not very good

Source: Internet
Author: User

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"A lot of people are looking at companies such as Facebook and apple that are built by entrepreneurs around the age of 20, but in China, the more than 20-year-old entrepreneur is going to have a hard journey." "Innovation Factory chairman and CEO of Kai-Fu Lee said that the domestic now appear" 20-year-old pioneering "direction is not go through. First, China's education is relatively single, difficult to cultivate all-round, students are difficult in finance, products, exchanges have made a contribution; second, the United States is to encourage things to follow their hearts, and China still pay attention to read the book before the other later. Third, China's internet is serious, "3Q", "small 3" wars emerge endlessly, a new graduate soon people are difficult to fight. Lee explained his reasons in this way. He said that in the past 10 years, the average age of Chinese Internet listed companies when they started their business was 33, and the market was nearly 40 years old. In the "hatching" process also found that the success rate of mature entrepreneurs is 4-5 times higher than the first entrepreneur.

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