Kai-Fu Lee return to talk about the most dangerous moments, fear, reading and treatment

Tiger Sniff: In mid-February this year, kai-fu Lee "return" The first time, the tiger Sniff has written "in the lymphatic cancer rest 17 months, Kai-Fu Lee has done what, think what". Since then, Kai-Fu Lee in a number of public occasions have appeared and lectures, and even appeared in some media reporters gathered in the micro-letter group, and we chatted a few words. This period, to bring him the greatest personal wealth may be spiritual consolidation and summary of it. "Financial world" recently interviewed Kai-Fu Lee, talked about the body, psychological treatment and rehabilitation, sentiment. The following is the full text of the interview.

The most dangerous moments, fear, reading and healing

Q: Before, I heard that you have experienced massive haemorrhage during the course of treatment, which is dangerous. What was your inner thoughts at that moment?

A: After the flow is gone (laughter) ...

Actually very funny, because when I was bleeding, not internal bleeding, is its artificial blood vessels did not do well, blood shot out. According to the speed of the shot, it may not be long time to streamer. It is not my disease is very serious, so bleeding, but after surgery did not do a good job. After the artificial blood vessel is removed, the blood is shot out because it is a very large human blood vessel.

In fact, my wife and my sister and my brother-in-law were in the next room. I said, blood, hurry up and call a man, finished. Do you know what happened? They began to laugh.

Q: I thought it was a joke.

A: Because I usually talk to them too much. I mean it, hurry up. The second time I laughed again. Until the third time, my wife finally came in and went out to find a doctor and a nurse. She went to find the time, in fact, I think there is nothing, is thinking how to do, do not really think that will die.

Q: That's the most dangerous moment, isn't it?

A: That's a ... Actually feel that people's reaction is really slow. I'll teach you a little bit, and if there's any bleeding, you're going to have to push it down as hard as you can. TV is wrong, bleeding cover, not. You have to push it back, or it will shoot back.

That's what I think is funny afterwards. Do not do the children of sheep, always cheat.

Q: No fear?

A: I haven't thought about it yet, it's two minutes altogether. The fear should have been when the doctor said I was four. Phase four is about to die, and it turns out they are unscientific.

To put it simply is that they divide the human lymphatic cancer into phase two phase three phase four period, Baidu will know. 1234 is not really a good prediction, you are not serious, more serious, very serious, dying. Its 1234-point method is easy for the patient to understand. But I think this is really a very imprecise approach and misleading.

Because a cancer patient, people tell you that you are four period, you must be scared to death. Did you see the Lexus book, "The Diary of Rebirth"? Cancer One-third was scared to death, one-third were cured, one-third were really dead.

Q: Have you read his book?

A: Yes, I've been ill all my life. He did not read the bookshelf after he gave it to me. He writes very well on first reading. In fact, I have this type of follicular lymphoma, you have to accurately assess my surviving year, to see the following things. One is IgG (the human immune globulin, the immune system has an important role), Baidu, Google can be. The second is called LDH (lactate dehydrogenase). The third is to see how big your tumor is, not how much, but how big it is. More than 6 centimeters, is a very large line. If you have a 6 centimeter long, that's not good. The Forth is to see if there is any entry into the bone marrow. There are some other ages and whatever.

I went to check these things myself later, found that my IgG is normal, my LDH is high, I do not have 6 centimeters, also did not enter the bone marrow. So I'm just going to start over. If we really use the simple classification of human beings, the first phase is OK, two period is a bit serious, three is very serious, four is dying, I am in fact about 2.5.

So when I convinced myself that it was 2.5, and then I used the math formula to calculate, according to the past 1000 cases, according to my results, I probably live 5 years is more than 50%, the likelihood of living 10 years is more than 30%. This doesn't sound so scary. In fact, the scientific process to convince themselves, by the way also understand the medical profession is not rigorous. But for me, luckily for me, I saw 50%, 30%, and that number sounded like a very high probability.

If someone tells you that you have a 30% chance of living more than 10 years, 70% can't. Of course, you will not listen to the unpleasant, but the next question will become: if I want to turn 30% to 60% How to do, under what circumstances 30% will become 10%? The answer is simple, take good care of yourself. This is the last time we talked about diet, exercise, sleep and stress. If I do 80 points, maybe my 30% will become 70%. That's it.

Q: I wonder if you've ever looked back at Intel's Grove to write a book about cancer?

A: No, frankly, I've never seen it. I read a lot of books. Including a book called "Chasing Daylight." Yukin Okaili wrote it. He is the CEO of KPMG. From the diagnosis to the end of life only three months. Then live each day and be present. Also read some religion, theology, philosophy, mind, medical, and then how to help out of sadness or something. There are a lot of health books, Tai Chi, there is nothing to do, qigong, Chinese medicine acupuncture, and the Doctor let you eat ginger, juice, not all do, is to see, all see again, judge oneself what to do. I think some of the difficult, some try to give up, some feel don't try.

I go to the Internet to check all kinds of information, which nutrition is possible anti-cancer, because these things are not very sure, I find in English and Chinese, I have been recognized that I went to buy a bunch. Then I have a closet in my house, and when you pull it off, all two drawers are full of medicine. I used to go to the United States to buy, my daughter helped me to bring some back, some direct air transport, some I bought in Taiwan or elsewhere. What vitamins, Ganoderma lucidum, spore powder, carotene, fish oil, and a very mysterious doctor from Taiwan to help promote resistance ... Later because of fear of repeated eating, so I put a box every day, and then the box is not enough, I bought a variety of different boxes, the table opened every day, so a big medicine ... My wife said, you can't eat breakfast like this, you have to eat the medicine for breakfast. She was worried and asked my doctor. How many do you have today, doctor? I said it's okay, more than 20. "Too much," said the physician, "You let me filter it." In the end he said that vitamin B was edible, and then there were two other things.

Work arrangements, emotional control, and acceptance of the disease

Q: After you come back, we have seen two times, after such a big change, you do not seem to plan your life.

A: Actually. I said work 50% of the time, not to say work four hours a day. The last week I saw you was quite full. But I went to Europe to go shopping, to see the sights, to eat food. You see my microblog, micro-letter will know. That's enough to relax. On average, it's my goal to reach 50%.

This time we finish talking, I will return to Taiwan tomorrow. After returning to Taiwan I did not arrange any itinerary, and the following week was almost all right. is to put down, to climb mountains, accompany the family, but also to do a physical examination. There are not too many plans in addition.

The other word is the intensity of the work. The position I give myself is that they have done so well over the last 17 months and I will not intervene in their work and I shall continue to delegate to them. A few things I want to do are actually very simple. The first is to be a window of innovation factory, whether it is to the media, social media, or investors, spend a little more time, this is very easy to do. I'm not talking to you. You are not the big company investment department to come to talk to me about the terms, this is completely different.

Second, I think I can use some of my past relationships and bridges to see the opportunities and potential of globalization. For example, go to the Silicon Valley to see the investors over there, or go to some of my old club executives and see if there are any great Chinese coming back from overseas to start a business. Or docking opportunities, China has any place to lead the development there, there are some good ideas can be brought back to the country. I think it can be done easily.

Third, if it is to help us invest in the company, I think I can most help should be relatively large companies, such as from 100 people to 1000 people in the process, rather than 3 people to 30 people. I would prefer to choose these companies to help them. This is more suitable for my past experience. This time we just went to pea pods. Talk to them about strategy, development, opportunities, challenges. I talked to the whole team for about one hours, and the entire 300 people talked about my expectations for the future, their perceptions, their recognition, and their suggestions.

The last point is to really restore the leadership of innovation workshops.

This leader, to a certain extent, is a symbol, as long as I am here, I feel that everyone's heart is a little more down-to-earth. Of course, part of it is to say (to be clear) what is innovation Workshop? The last time you heard it at my house, three of our self-awareness, what everyone should do. Focus on each of our employees. Listen to their ideas and suggestions. Integrate our strategy and direction. It's over 50%, no more.

I don't care about any of the other details, go see the founders, analyze the evaluations, they do it, and I'll do it at the end. And I was checking with my partner, not me alone. In that case, I don't think my stress will be too great.

Q: There have been some rumors about you before on the Internet, have you heard or seen these rumors? What was the reaction then? Some involve politics, and some of the malicious content of the individual.

A: I didn't think much of Weibo because I was sick. Because I think this is actually a very large negative energy generation. That means you see a whole bunch of negative energy that's going to get you tangled up, so you worry, you get angry, and then you get stressed out. After the pressure you are very tight, then you will be resistant to decline, resistance decreased, what shingles, cancer again. All these things are down. I have a certain sense of responsibility for the Innovation factory, but I have done 50%, my own those things, I feel normal work, do meaningful things, do not analyze so clearly, care so much. All down. So I don't care so much. Not to say completely did not hear, in fact, do not care, do not pay attention and will not respond.

Q: Do you have any way to control your emotions? Can let oneself calm inside.

A: Yes, in fact, it is able to make work do not form pressure. I was relieved to see that the team was doing so well. The other is to know your body is the most important, and then cultivate some habits, do not make their own trip every day full, or even do not arrange the trip. Learn to observe and enjoy some good things in life. Including family, including climbing mountains, listening to music, reading books, watching movies and so on.

I think back to the tense time, what can relax, almost only watching movies. Listen to music also can not, bath not, climb hiking walk not, with family together not. What they say I still think about, the constant change of the company, which in itself is the greatest pressure.

How much pressure I had before. I have two vertebrae behind me, one is my spine, and one of my many years of work posture and stress has made my muscles cramp and twisted into a stiff stick. My 17 months a great achievement is that this stick is missing, because I am not very taut, plus massage sports or something, OK.

Q: After you get sick, I have always been quite curious, how do you feel about the Internet on some of your illnesses, including some very malicious evaluations of you personally?

A: My microblogging, micro-letters, friends are basically not on the circle. So I'm sorry, a lot of people say what you see. I don't see it. In fact, I do not look angry. I feel that I have a good life, and then live happily. If others praise me, I also can not see, and I will not particularly take myself as one thing. Both of them may have been, but now they are not concerned.

Q: When you begin to know that you are sick, I do not know what you are worried about the innovation workshop?

A: Of course, I used to be involved in a lot of things. I just don't know what to do, and I don't know if they will continue to invest. If they know I'm a cancer four, it's not a deep understanding (what is phase four). So I'm afraid to tell them that.

Of course, if I'm really going to end up, I'm going to have to tell them. But my own research found that there are more than 30% chances to live more than 10 years, that's OK, I quickly to raise themselves.

It was a lot of unknowns. But actually really do not care so much, oneself hills, later still afraid not firewood burning? If your body is out of order, you have to worry about it. So I'm going to hold on to my body first. The team also told me their blessings, will not bother me, I hope I can recover soon. They seldom ask me questions, and the good news will tell me once in a while. Don't ask me to do anything. This allows me to be more focused on self-cultivation.

Q: You just said, at the beginning there are some concerns, how do you alleviate this concern?

A: Everything is actually ... When you encounter some particularly great setbacks, some new setbacks will appear relatively small, it will not be so pressure you. So I have been faced with Microsoft's lawsuit, Ark issues, in Google when the problem, in fact, what is the relative? So worries about the company aren't particularly big. We talk about this (frustration), which is insignificant compared with cancer, even in the 2.5 phase of cancer.

Q: Or would you like to ask what your first reaction was after the doctor told you about it? I remember when you opened the company's annual meeting in Chengde?

A: No, at that time there is no diagnosis, just say suspicion. I think that means that the normal reaction of a person, the first reaction is to say, "Really?" "I'm going to make sure it's not true. "It's not true." And finding ways to comfort yourself is not true. To see a lot of messy doctors, Chinese medicine, Western medicine, and some of the more strange to help you get a variety of instruments to test, anyway want to hear more comfort (the better), looking for comfort. But once the diagnosis is confirmed, the following is, on the one hand, why me? Did I do something wrong? Then talk about conditions, I do wrong (what) things, if it is because this is punished, then I do not do, let me live well? This is the psychological process. On the other hand, it is of course to look at scientific data, and these all happen at the same time.

It should be said that a period of time after the diagnosis is quite low. But on the one hand it is not the end of the real, not really only a few weeks or a few months to live, try to tell yourself, I want to relax, because the more tension is the worse, the more worried the worse. On the other hand, it means, "OK" ... Have accepted. People encounter difficulties, always first do not admit, and then talk about conditions, and finally found that the conditions on the acceptance. Once accepted, that's fine. But for a while, two or three weeks is no good.

How to balance the life work, the enterprise's enterprising and balance, and the reflection on the "utilitarian Heart"

Q: It seems that the average person's working hours are getting longer. Including some of the company's famous 996 working hours. I do not know in your opinion, for the high-speed development of internet companies, there is a so-called life work balance?

A: I think we're going to pass at four. What is a pass, in fact, everyone can define themselves. Sleeping three hours a day must be a failure. Every day only eat McDonald's must be failed, never exercise is definitely not a pass, the pressure to carry a special big certainly is not a pass, every day can not sleep must not pass, must take a sleeping pill is certainly also failed. What a fail I feel very clear.

I would suggest that all entrepreneurs, people who work, and people all over the world should pass the four. Entrepreneurs may be more difficult to pass the pressure, but at least three of them will pass. You work one day for example 11, 12, 13, 14 hours, which is absolutely enough. Really push oneself to do not sleep, this word, in fact, if you have a low immunity, there will be very serious problems. Another suggestion is to focus on your own immunity. Lower immunity, what has come, the least important is a cold, sore throat, tonsillitis, and then a serious pneumonia, and then strict focus on what herpes zoster, cancer. This series of things that are never serious, are caused by low resistance.

I don't know how to measure resistance, but if you catch a cold all day, with a bag on your face, or herpes zoster, or pneumonia, bronchitis, and many times, these are all signals to you: Slow down, slow down ... Even if you are starting a business, resistance is too low, and finally you try desperately to do, is counterproductive. If you have any particularly serious disease, you will not be able to create, so still pay attention to the body.

Q: When you share some of this insight to the CEO of startups, will they really believe it? Or will their ambition overwhelm them?

A: I don't know, but I feel like I'm listening. At least one of our CEO, I know he works until two or three o ' clock every day, and then five or six o'clock up to continue to work, sleep three hours a day or so. He claims he doesn't need sleep so much. Then I kept reminding him several times, and then several of his partners opened a micro-group. They say we work late every night, but we have to send a "I'm going to sleep" before we go to bed. The last person to sleep before a person to remind, everyone in turn to remind, sleep time to send a "I want to sleep" out. Of course they may still be asleep, but at least they won't stay up all night. So I think I heard it.

In addition, I think I gave them a suggestion that they would listen very well. Especially (company) developed to a certain stage. The idea is to do a whole-body cancer screening, which is a very advanced technique. I think it's a bit of a suspicion of advertising, doing a full-body MRI check, and it's hardly a pernicious. And the tumor is almost all seen, except for bone cancer, stomach cancer, colon cancer, all the tumors are clearly seen. Now there are a handful of hospitals that have MRI of systemic cancer screening, although very expensive, but if the 40-year-old can do one. There are a few entrepreneurs I know to do.

Once a bunch of entrepreneurs went to Taiwan, we arranged time to talk to Zheng, a very famous doctor of cancer screening in Taiwan. In fact, the four passes which I have just mentioned are also the contents of Dr. Zheng, not mine.

Q: After these 17 months of temporary leave, is there anything you have been very sure that is right, but now may have doubts?

A: I feel A lot. I told you last time, for example, to maximize impact, and then desperately to change the world. In fact, I think it is possible to change the world, to increase influence is also possible, but if you think of it as everything, do everything to figure out how to maximize influence, how to change the most world, and then use this to do all your power, it is certainly wrong. Because, why should we say we can change the world? There are so many unknown things in the world! Why do I have cancer? Or cancer is to remind me that it is time to change slowly. It's because we don't know. Since there are so many unknown, how can we be arrogant to think that we can assess influence, can change the world?

This thing I'm basically rethinking now. A lot of very arrogant things. Particularly many people pay special attention to and cherish the reputation, so will cause say, increase influence, micro Bo more fans, write books sell a little more, people say I am not good I am very angry. I think a lot of people live like this. It's tiring to live like this. Now I think I've done a lot of things I dreamed of doing as a child. I'm already happy. So the next step is to treat everything in a more normal way. I'll listen to anyone who needs my help. Help if you can. Not to be measured so utilitarian. Everyone is equal. Like in the face of cancer everyone is equal. Everyone has his soul, he should have a chance to embody this life. Too utilitarian to evaluate, speech less than 1000 people I do not want to do, Micro Bo without 100 fans today is white, now think about it, is very superficial boring. This change is more.

Sharing the economy and the interconnection of all things and the investment gains and losses of the innovation workshop

Q: I read your previous two speeches about the trends in the technology industry. What I want to ask is, what changes in the 17 months are unexpected?

A: I think the speed of sharing economic development is more than I predicted two years ago. But we have also been looking at this area, there are successful cases. The shared economy is actually a waste of resources allocation, the use of property, the efficiency of time, together, and the intermediary to expel. These things are all solved at once. The way to move and socialize.

If we extrapolate from this, I think the internet of things is sure to come, although three years ago a little bubble, not a bubble, it should be said to be bragging. Because it was too expensive. But the future can be imagined, in fact, all this is not difficult. Theory is not difficult to calculate, how the Internet up, mobile Internet on how to get up, mobile internet how to get up, the thing networking will get up. But time may have to be counted, when it is cheap enough to be popular. Once you get up there will be a lot of things you can't imagine. Mobile plus social and real-time plus geography brings today's shared economy. Each of the different areas of the future, such as home intelligence, wearable equipment, or the automotive industry, can bring about change. In the future, this wave of waves and great shock will continue to come out.

Q. Are there any items in the previous wave that regret missing?

A: Talking about a (specific) project may not be very good, overall I can say. If the 1 billion dollar company today, there are some we have talked about, there are some we have not talked about. There may be some mistakes that we don't regret, but some of us feel like we have to go back and see if we're doing well.

I think some of the time is too expensive, we have to reflect on this. Really great entrepreneur, I think is not expensive. Even a little bit of a share, a little more expensive. As long as he (entrepreneurial) field is you think very good, he is suitable to do this thing, he is young, basic to how much, cast! We may not have enough money to account for his share. I think it's a pity to miss a superstar--that is, a very powerful entrepreneur. You can also see that we have recently invested a few very expensive projects, indicating that we have learned something in this area.

There is a somewhat controversial (situation), a star entrepreneur, a great entrepreneur, but his direction is absolutely will fail, should not vote, this we are still considering. From a point of view, you first cast, build a relationship, the money burned, or the money may not be burned to change the direction, or burn it out you go again. I think there is some controversy inside. Not found (method). I think our team is a comparative analytical expert type of investor. We have not reached a consensus on this point: as long as people are right, we support whatever he does. If we think that this must be a bad thing, I think our consensus is over. Because it doesn't match our style.

Perhaps another is that this person we think he really has a big deviation from our company's values. The difference between values and missed, this does not regret. Because in the end, the different people walk together, the pain that each other brings, why? It is not that we ask him to be the same person, but to say values, the bottom line, such as human, character, the bottom line hurt users (action), these aspects, we basically do not consider.

Q: The second situation you're talking about is the direction of absolute failure, a good enough entrepreneur, and he doesn't realize it?

A: sometimes not. This is a paradox. Every one I tell you is an example of reality, he just doesn't. Maybe he was based on different backgrounds, looking at the problem from different angles, and every entrepreneur naturally loved what he did.

Or, a great young man who hasn't had much experience, and then a little bit of money, is bound to fail. This is an extension of the problem. We may still have a hard time (deciding to invest). Because we (won't) spend so much time analyzing and judging, and then going to cast a clearly we don't think that this person's ability is not enough, or that we do not make it clear in this field, but say a certain direction of things, is 99.9999% will fail. We've seen too much. For example, theoretically and practically, markets do not exist.

If it is a great young man, should not support him, so there will be a (continue to invest his) opportunity. But also to help young people achieve their dreams. I think that if we say yes, we will have a great impact on our entire company's methodology and culture. That is, our young investment managers, they will say, it turns out we do not have to go so deep analysis, look at people can be. Let's look at people, then!

It's great to look at people, Xiaoping, right? But our team, each investment manager, we are not evaluating your ability to look at people to bring you in, is to see your in-depth understanding of the industry analysis, product depth mining. This group of people is very strong in this respect. If suddenly say, good, everybody come to see a person, then we certainly can do other people's!

In this respect, it is still more tangled.

Q: This question is related to the previous question. The innovation workshop is probably the first institution on the mainland to see mobile internet trends. But now, it's not the biggest beneficiary of the trend of mobile internet. What do you think is the reason?

A: That's a fair question. Of course, I think we have done a good job, the return is very good, investors and we are very happy. So I'm not going to dwell on who is the biggest beneficiary of the wave. But if you ask why we are not the biggest beneficiaries, this is a fair question.

I think there are a few problems. The first is when you have a thorough analysis of an area, and then really lead the time, you should probably invest more companies, do not say we come to layout, layout five companies, six companies. Then the final ecosysterm is that they become, others will not be, then you have so good luck? To do a certain part, or to develop a specific direction of ecosysterm, you will not look so accurate. You are already leading others in the direction, you may wish to invest more points. This is the conclusion of our reply. And then it is, (if only) a great man to do this field, to vote. His field has leaned over, the person is also very good, and not necessarily fail, then more pitches. This is the conclusion we have now.

As you can see, we are actually investing in the digital entertainment content field. We have invested a lot of companies. Will not be entangled in the two of you will be a little competition, as long as not to say exactly the same, we voted. When you finally get ahead of yourself, do it quickly. This is the first conclusion.

Second, the best entrepreneur must be a very confident, independent person, not a person looking for a hatch. So now we're not going to look for people who need to look for the eaves to hatch. That's not to say that the people we cast were having problems, it's just that our model, for those who are particularly independent and confident, will make them feel bad--I'm looking for an angel to help me, not an institution to be my teacher or an incubator. This I think we have learned, understand, and then modified.

The third reason, quite frankly, is that we don't have enough money. At that time we had only 15 million dollars, and not all in place. Those who have the opportunity to invest early in their valuations ... For example, we know that some of the most valuable companies, if we have the opportunity to vote, at that time their price and the deposit in our bank ... Some of us can't afford it. This is a fluke, no way.

Q: Wang talked to you, didn't he?

A: I've talked about it all. are friends. You see about every one of us now. Some may not come to us for investment, and some may not be voted for for a variety of reasons. Some may not see, for various reasons, some may not be able to afford, and some may be they do not want our money. These reasons are all there. Wang, of course, has been a good friend. There are more than one example of this, and more than just mobile internet. We've seen most of them. But (we) also cast a few.

Now we have nearly 20 100 million dollar companies, each of them actually has potential. So I think the development of the company, sometimes faster, sometimes a little slower. If you measure how many star companies we cast out, we may not be able to see clearly now. The future may come.

If it is measured there are several 100 million dollar companies, I think we are doing well. If we measure how many 50 million, 30 million dollars we have, we are doing very well. Now it looks like our analytical, in-depth companies may really help them to be steady. It is not necessarily explosive growth, but it will grow up in one place. Our mortality rate is actually quite low. I think it's a measure of how many 1 billion dollar companies, this long. Now we have nearly 20 100 million dollars of companies, there are more than 50 million, 30 million of the companies, each of them have a good growth. So there are more than 1 billion dollar companies, we still have hope.

We will certainly reach it, and we must. Because our entire business model does not mean to double each investment, it is not to say that one quality is general, the other is 30 times times more. We are sure that each fund will generate a few 1 billion dollar companies.

National entrepreneurship, the success of different entrepreneurs probability

Q: You have also mentioned that today, there are more and more entrepreneurs coming out of the business. Are these big companies out of the entrepreneurs and the success of continuous entrepreneurs high probability, more worthy of investment? Or is it true that it is a time for all people to start a business, perhaps a person who has not created a career, and the probability of success is also very large, is also worth investing?

A: The average probability of not creating a business is necessarily low. Because there are too many people who do not start a business. I think it should be the highest of the serial entrepreneur, The big company second, then the inexperienced should be the lowest. But there are a lot of great people who have no experience, like a lot of recent entrepreneurs. Suddenly there's a great technology or something. No experience is not that they are not good, but that their base is too large. Should say so.

Therefore, we are still in pursuit of the possibility of continuous entrepreneurs. Their prices will be expensive. We also want to invest in a lot of good serial entrepreneurs, but we are also willing to invest in first time entrepreneurs. We both have a vote. When it comes to first-time entrepreneurs, it's hard to analyze them because the base is too big and very fragmented.

We and Xiaoping, Cai win cooperation erhu, we three home together, do a large mass of screening, we each less occupy a point share, but can cover a little more, help us to make a judgment. This is the reason why we take this path. In the future, if you look at the top 20 companies listed, how many are the first to start a business, this proportion must still have. But if we look for two entrepreneurs with our eyes closed, one is continuous and one is the first. It must be the former probability is big, of course, the former is more expensive. But I do not want to miss two, the former I may be to dig, compete with others, know each other. The latter remark may be a little more coverage, like erhu this pattern.

Q: Why does it feel like only Chinese and American startups are crazy?

A: America is its culture, changing the world, chasing my heart, doing what I love to do. Silicon Valley is a paradise where the world's elites are pulled into an international venture. Its open, shared way of thinking, and its entire educational model, Steve Jobs, not only can survive, but even some degree of encouragement and support. Such an environment is really the only one in the world.

China's words are in fact mainly a few reasons, one is particularly large market, and particularly suitable for this type of Internet-style entrepreneurship. There are so many people in the city to call a taxi, to order takeout, to distribute things. Then because the government is strong enough for everyone to be able to access the Internet, and not very expensive. And maybe the fixed network did not do well enough, everyone ran to the mobile Internet. This creates a particularly large mobile market. Plus the right and wrong, a lot of things should come, one is almost as soon as it came out. Of course, there is a very important factor, is the desire for success. Whether it's changing the world, gaining fame or being defeated, or being the best you can be. Whatever the reason, the thirst for success and the pursuit of it, this is very Chinese. And it's just this moment of the day. Perhaps 50 years ago, this is not necessarily the case, 50 years later may not have.

You can say that Israel is also one, it may be a culture that challenges authority, and there are many Jewish elites in the world, plus its defense technology. I think the birth of every entrepreneurial culture, may have these accidental, inevitable combination of factors. If you have a good use of it, and then develop.

Q:2014 year of entrepreneurship into a national topic, this in your unexpected?

A: I'm not sure which year, but I've always been very confident about this topic. Because I keep seeing more and more intelligent people investing in entrepreneurship.
But the so-called national entrepreneurship my understanding is that, in fact, to do High-tech, or not to create, it needs to have technology, experience, and then can be founded. are very few.

The so-called national entrepreneurship, I will understand that, not only the Internet companies, there will be more small and medium-sized enterprises, they may have to do more services, open a café or a distribution company, or open a flower shop. I think this is a necessary way to enter a prosperous and powerful country. The United States, Japan, Korea or other places, many are like this. I think this should be inevitable, but also a healthy thing. Because not everything depends on the huge business, it has the problem of speed, there is its "innovator's Dilemma" problem.

The 15-minute phenomenon of science and technology, the "evergreen" is no longer exist

Q: On the internet, on the one hand, bat is such a Big Mac type, very destructive and monopolistic company; Is this situation contradictory?

A: Not contradictory. But eventually it will be replaced from generation to generation. In fact, not so long ago, we think that China's most cattle companies or Lenovo, Huawei, when suddenly become these several? Why is it that so many outstanding people in Huawei did not do it, and Tencent did it next door? In fact, there is a different corporate culture and advantages, as well as the dilemma of innovators. Once it's big, you don't want to lose the market you already have and do the new market. The return on your investment will not be worth it. These are human nature, so almost a routine (phenomenon), small companies continue to rise, large companies continue to decline-can not be said to decline, is to enter a state of maintenance. IBM still exists, but is not the most active company. So is Microsoft. Everyone is talking about Google, Facebook. Next, there may be a new generation of companies. The new changes in every technological trend will give small companies considerable advantages. Because it does not have an innovator's dilemma, its culture and age give it a greater impetus.

Of course you can say that bat is so strong today, it keeps buying and buying? I can also say that the past IBM also bought, Microsoft also bought, now Google, Facebook also buy. If we take Andy Warhol and everyone will have 15 minutes in the sunshine, I think you can turn 15 minutes into 20 minutes or even 25 minutes, but not 5 hours. Just as the seasons rotate and spring and fall, technology will change, whether it be mobile, social, IoT or smart cars, with the rolling of technology, the new company will rise, the old company's growth curve will be smooth, will give innovation company more opportunities. This is our idea of innovative entrepreneurship system. This is irreversible. Your money can only buy some of your time delay in the bright sun, but you and the trend of technology to race, no company can run.

Q: Ma Yun's view is that the word monopoly is no longer in the internet age, or outdated. According to what you just said, can you understand that you think so?

A: Monopolies have considerable economic benefits. Whether it is the monopoly of Microsoft, Google Monopoly, Alibaba or Tencent Monopoly, in the initial stage of monopoly has great economic benefits. Because it becomes a platform, has its own eco-system. The initial period may be a few years, during which it allows for greater growth with smaller resources. Multiple competitions at this stage may be ineffective. But monopolies have their own problems. The first is monopoly greed, it not only to do the platform, but also to do the application, not only to do this but also to do that, I will rely on my monopoly to advance to other areas. At this time I feel that there must be a certain monopoly law to check and balance.

The monopoly itself is not guilty. But if you are unable to develop in other areas because of a monopoly, this time will create some depressing innovation. The reason why the United States to sanction Microsoft, Google and so on, is reasonable. But is antitrust law effective? In fact, sanctions are ineffective. Because the speed of the government will never catch up with the speed of technology. And until you sanction it, its 15 minutes in the sun may be over. It doesn't really work.

Its punitive nature is useless, but its reprimand is useful. You know there's a law watching you. Then there are a lot of people waiting to sue you, Sue you the whole company was slow down, when Bill Gates in Microsoft, basically are angry cry. Antitrust law didn't end up being a monopoly, but it made your leader say I was a charity. In the end, big companies start saying, well, let's not go through this hell on earth and be stared at by the government. So Microsoft became disciplined. Google has become more disciplined. When you know that a big axe hangs there, it will kill you, though it may not sanction you, but it is actually effective. Deterrence is still effective.

Monopolies still need a certain deterrent in there, which is the first. In addition, back to the topic of science and technology, the ultimate subversion monopoly is not a law, nor a competitor. No one has actually entered the PC field to defeat Microsoft. No one has done Google search. But there will be a reversal of technology. Who can think of a search company, bought an Android OS, incredibly mobile phone volume than the PC so much, grow so fast, and slowly mobile phone can also do the function of PC. Even future PCs can be based on Android. Recently some products appear, such as my old colleague Zhou Zhe is doing a hardware product. In the end, you were overthrown. We haven't seen the end of Microsoft's operating system yet, but it's on the up and down because it's a big area. This is an act of normal technology that would subvert monopolistic standards. Has Google been overturned? Not yet. But you can see the face book's threat to it. A large part of the Internet in Facebook, if I don't let you check my content, then you are not a complete search engine. If one day face book to do the Internet content 30%, face Book can search this 30% completely, also can be good when search another 70%, Google can perfect search that 70%, but can't see face book 30%, who won? So this is a real subversion of monopolies, not a competitor. In the long run, I think that monopoly is the process of spring and autumn.

Q: Because the speed of innovation is more and more fast, before a lot of Chinese companies are the ideals of evergreen, there will be an inheritance evergreen this argument?

A: No, I think in the High-tech field, it must be 15 minutes under the sun, and will never stay. Even if you are a big company still growing, but a certain small company grow faster. Even if your monopoly is successful, it is still slowly advancing. People will be lured away by the best chance. The most powerful person goes into what field and that field changes. Today I feel that I have attracted a number of top people in the entrepreneurial world, and I think they have the highest IQ. When this change occurs, large companies bleed. So there is no evergreen. A good business should stay in the sun for 15 minutes, enjoy the moment and do something great. Then really love and enjoy the moment. After this 15 minutes, spend some money to insist on, the money is not enough to issue shares, bank loans, and then stick to it, the last real capital operation is not down. You see 2014 years, Tencent, Ali, Facebook, Google spent how much money to do this effort. You can postpone your inheritance, but you can't grow green.

Q: Then we have to change the standards of the great company. There is at least one standard that can be managed or culture to extend the company to achieve evergreen.

A: But the mode of management can continue to learn and grow. You see how the Google Works can see Google's culture, Ali has its great culture, Tencent has its product culture. I can learn the essence of these cultures, but think a culture of the company can live 200 years, this is certainly not in the High-tech field. Collins proved at that point that he was right, but today is wrong. I still respect him, but I no longer believe in the High-tech industry's evergreen.