Kai-Fu Lee returned, six phenomena will occur parallel and accelerate the new wave of entrepreneurship

On the afternoon of March 2, the founder and CEO of Innovation Factory, Kai-Fu Lee, published a keynote speech on the digital revolution and entrepreneurial wave at the Science and Technology Innovation Forum held by the science and technology daily.

This is the first public keynote speech since Lee's return to Beijing. In September 2013, Innovation Factory announced the news that Lee was suffering from lymphatic cancer, and in 1.5 of the time, he was treated in Taipei to fight the disease. The return of the disease has caused great concern and welcome in the tech Circle.

In his speech, he described the impact of the digital revolution and the practice of innovative workshops to analyze the current status and trends of Chinese science and technology entrepreneurship. "17 years ago, I spoke in Beijing about the future of science and technology and whether Zhongguancun became Silicon Valley." Looking back over the years, Zhongguancun has become the world's top entrepreneurial site. ”

The last five years of subversion

He wants to talk about what is causing the world to bring about a cyber-technological revolution, what Chinese entrepreneurs do to take the second place in the world, and what kind of wave it will take to move on.

Global trends have seen the PC and internet revolution over the past 40 years, with 2 billion devices worldwide, bringing new applications and global companies. The development of the past five years has made 30 years of effort seem relatively insignificant.

He points out that the connection between people and equipment and people makes the mobile internet change all aspects of life, including reading, social, voice, electric quotient, and physical. Traffic。 Travel, photographic equipment and banking and cash. Looking back, the mobile phone has been rapidly moving up every detail, changing life and work, and the industries have been subverted by the mobile Internet.

Why is there a subversive change? Kai-Fu Lee believes that six phenomena will occur parallel and accelerate, the emergence of new wave of entrepreneurship. Six phenomena include:

1. According to Moore's law, computational costs are greatly reduced;

2. Infrastructure construction, from cable networks to 4g5g, global operators use technology to provide huge bandwidth;

3. Cloud computing, open source software and VCs make the lowest cost of starting a business;

4. The use of Internet thinking to promote the company very fast growth;

5. Smart money provided by smart people includes ideas, resources and connections (Tencent invests 8 billion dollars and Ali invests 17 billion dollars).

6. Genius to subvert the industry, most of the talent into the entrepreneurial field, the field of future limitless.

Trends for the next five years

The next five-year trend is that everything is networked (IOT Internet of Things). "The digital revolution has just begun, and the next five years are 8 times times higher than in the past, with PCs and mobile phones, wearable devices, networked televisions and cars, and IoT, adding up to 40 billion units." "he said.

He said the next 40 billion Internet access devices will bring five trends leading the future, opening the Golden Age of entrepreneurship. Here are five trends:

1. The younger you are, the easier it is to accept new technologies. After 95 is an indicator of the era of leadership, after the 95 learning, the future is young people to invest in young people's products, young people programming applications for young people to use;

2. The future of new technology in the automotive industry, including electric cars, unmanned vehicles, in the world of shared economic concepts, the ideal efficiency is only 2.5% of the car;

3. The cost of machine networking has been reduced, bringing about revolutionary changes, and the networking of 40 billion networking devices has become a new opportunity.

4. Large data, understand you more than yourself, understand the user's consumption decisions.

5. A technology and an industry are bound to be iterated, and innovators face a dilemma of innovation. Companies that have been hugely successful in the past will not be able to see new things and be eliminated.

Kai-Fu Lee through the innovation workshop in the above areas of investment, analysis of the current entrepreneurial trends, mainly related to intelligent hardware, online education, new content culture. "Now just the tip of the iceberg, the future of real wearable, augmented virtual reality will make education more personalized, adaptive and student-centered." "he said.

In the area of O2O and shared economy, he pointed out that these areas subvert human life, the digital revolution efficient integration of services remaining resources, people, machines, scenes and payments will be presented in four.

In the area of digital entertainment and new content, entertainment habits will appear before the defense, the digital revolution brought media and equipment, a new generation of users found in the novel carrier of like-minded content, including 100,000 cold jokes, beep miles, never thought of and SNH48.

China's entrepreneurial advantage

He believes that China's new wave of scientific and technological entrepreneurship has come to blossom in various fields, generation after generation of the entire ecosystem.

In contrast to China-US entrepreneurship, Lee pointed out that the data show U.S. start-up companies market value of 80 billion U.S. dollars, Chinese start-up companies market value of 60 billion U.S. dollars, the world's other companies add up to 30 billion U.S. dollars. "Once, China is only one-twentieth of the United States, today the United States occupies two-thirds, to China occupy the remaining two-thirds, created a Chinese miracle." ”

He explores China's entrepreneurial advantages, including the following five points:

1. The vast potential of mobile internet in the four-line cities and rural areas that are not popular in China's Internet;

2. The cost of Chinese-style innovation is lower and the fighting power is stronger;

3. The quality of Chinese entrepreneur is more suitable for the development of iterative innovation;

4. China's digital technology enterprises "out of the tide" just kicked off;

5. China's younger generation is starting to boom, young users of the products used by young people design, young entrepreneurs become fashionable.

Finally, he pointed out that innovation Workshop is committed to quickly support entrepreneurs, to help entrepreneurs recruit, design platforms, find resources, etc., to provide one-stop service to help them achieve higher goals in a short period of time. At present, the total value of the investment enterprise of the innovation work place reaches 30 billion RMB.

Kai-Fu Lee in September 2009 founded the Innovation Workshop, has been Google's global vice president. (If culvert)