Kai-Fu Lee: The most difficult thing for entrepreneurs is objective consciousness

"Chinese entrepreneur" reporter Shan The last thing that Lee Kai-Fu said before retiring, the Chinese young people in the mind of the Entrepreneurial Paradise, innovation Workshop can really produce killer companies? How does this unique incubator gather talent and inspire creativity? Kai-Fu Lee "China Entrepreneur Network" a year ago, professional managers career Invincible Kai-Fu Lee resigned Google Greater China president, set up innovative workshops. September 8, 2010, the first 7 projects of innovation Workshop unveiled the mystery. The last thing that Kai-Fu Lee claims to do before he retires, is the entrepreneurial paradise in the minds of Chinese young people really producing killer companies?　　How does this unique incubator gather talent and inspire creativity? Nearly 50 years old, he finally has a look young and cool title-entrepreneur Lee Kai-fu.　　With him is a group of highly adventurous young people, and "open and complex greatly improve the average age of the team." Some changes are still true in entrepreneur Lee.　　He was no longer the passionate speaker on the university campus, he went to the office about eight o'clock every day, worked more than 90 hours a week, and several wrinkles climbed onto his forehead. "I met a lot of senior executives from multinationals, but found that they and I had absolutely no common language." Entrepreneur Lee is now a bit "dismissive" of his colleagues in the past, saying, "I know it's hard to convince big executives to innovate, but it's not zero." Kai-Fu Lee once thought he knew the entrepreneur very much, also with Bill Gates, Steve Jobs acquaintance.　　But when I met them, their entrepreneurial period was over. Some question whether Kai-Fu Lee and his team spring, will not be with China's entrepreneurial environment acclimatized.　　In the past, innovative factories were more like a pure incubator, with projects coming from in-house incubation and looking for the right team to lead, and now the innovation plant is becoming more VC-like and more likely to be an entrepreneur with a project or team to join the innovation plant. Kai-Fu Lee does not even call these changes, because the internet era "implies dour implies (all possible)." "To build a killer company is not as simple as he imagines, and even with good technology and products, it's hard to put together a start-up team." "We did it, but it was hard," he said. If there is a team founder who can take the company development, the direction is not what we think it does not matter.　　"Under the new model, the investment scale of the innovation plant is one-fold." Perhaps Jack Ma's Alibaba is the Chinese more accustomed to entrepreneurial way, by a big boss through a variety of commercial layout eventually to success, but Kai-fu Lee do not want to be a group control people, he wants to be a mentor, coach. "Any path can be successful, and the Innovation factory chooses the one that works best for itself."　　"Chinese entrepreneur": Your career manager career is very successful, the first time to be an entrepreneur, the creation of a factory in the year, what is your biggest feeling? Kai-Fu Lee: I think I am very lucky, such as my entrepreneurial is relatively rare, the beginning of someone to support, you can start to create the environment and brand, of courseWe are expected to be very high.　　Although not hundred percent smooth, but still more satisfied. Coming out of a big company is a challenge. For example, at the beginning of such a large office sitting four people, no one has no project, how can the innovation factory development. I used to work in a big company, and I was used to seeing my secretary arrange a 10-hour meeting for me to go to work.　　At first it was really four people here staring. The first four months faced some loneliness, some uncertainty. I once had a worry that no entrepreneur we were willing to invest in came knocking at my door. There are a lot of engineers knocking on the door, technical, financial, legal talent, there is no entrepreneur.　　We are not optimistic about a few, I am very worried that we do not expand the project, do we have to hand over three small projects in a year?　　But after a few months everything straightened out and felt particularly good, because it was done from scratch, more cordial than professional managers, feel that they have, all employees have a common home. "Chinese entrepreneur": What changes have the innovation workshop undergone?　　What adjustments have been made to the business model? Kai-fu Lee: If you said to me a year ago that the innovation factory will choose the current model, I am not surprised.　　Because this is not the only way to succeed. No business model can be fixed, especially in the internet age. It takes some ideas to start a new factory, let the young people make it, we do it, but it's hard.　　And it's hard to put together a start-up team, and it's better to have a founding team. If there is a team that can take the company forward, it doesn't matter if the direction may not be what we want.　　So, we have adjusted the model, more welcome to join the entrepreneurial team, the Innovation Factory is one-fold more than expected. Alibaba or Qihoo is the Chinese more accustomed business model, a big boss through a variety of commercial layout eventually to success, Chinese entrepreneurs also prefer this model.　　Innovation Workshop has chosen a more suitable way. I think there is more meaning in the mode of innovation factory, I hope that China can create some evergreen, long-term value, even can become a world brand company.　　I do not want to be a leader in the control of the role of people, I would prefer to be a mentor, coach. The role of the Innovation Factory is far from the big group and is closer to VC.　　A huge group might be better able to handle entrepreneurial projects, but what I do is do not control the project.　　"Chinese entrepreneur": What is the difference between an innovation factory and other VC? Kai-fu Lee: The core competitiveness of innovative factories is our value-added services.　　Why do entrepreneurs take our money when China has so much money? The first is hiring, Jobs says that a company is important to the top 10 employees, must be owned by everyone, and everyone must be very good.　　We are a super headhunter, helping entrepreneurs build entrepreneurial teams that have just started between 5 and 10 people, which determines their chances of success. The second is to optimize the business plan. Whether it is operational, product feasibilityor market development, we have a very suitable, very experienced people.　　Third, use our brand, contacts and reputation to increase the project success rate. Four is to use our culture and environment to create a good entrepreneurial atmosphere. It's important to have 12 teams working together, and feel the same way about each other. The project here feels very deep.　　I hope that in the future they will be able to stay in the culture. There are many entrepreneurial coaches, Mr Yu, Jerry Yang and so on will come to communicate with the team.　　There are a number of professional field coaches to the team a lot of targeted advice, this is the general VC do not.　　"Chinese entrepreneur": What do you think are the unique qualities of an entrepreneur who can build a killer company?　　Kai-Fu Lee: I think the most difficult quality of entrepreneurs is objective, conscious. Other qualities, such as cleverness, leadership, and passion, may be more important, but many entrepreneurs have it. These essential qualities, coupled with objectivity and self-consciousness, are killers.