Lei to talk about Xiaoping: credit is invaluable to entrepreneurs

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In Gmic afternoon's event, Xiaoping and Lei discussed the relationship between entrepreneurs and investors.

Rules are the process by which entrepreneurs and challengers play games with each other, and Chinese entrepreneurs and investors are like the Chinese and Americans who have just opened up 30 years ago and distrust each other.

Xiaoping said, I did 2006 years to do VC, he got a round, I said, I would like to say, "Dude, I want to vote, but people and a third party are unwilling, I said not to follow, but the heart is not comfortable, then we meet in the heart also have a pimple." Another example is that I disagree with my lawyer in order to give priority, but the lawyers have to add, we quarreled for two hours, and finally the lawyer said we are not a gang.

Market-oriented problem is still relatively late, this set of rules just introduced in the country for more than 10 years, I encountered the biggest difficulty is that everyone how to know the ins and outs of each rule, we must explain the rationality of the rules.

Xiaoping reluctantly said that I have invested two entrepreneurs, they once enthusiastically told me that is to find a talent, divided his 20% of shares, will certainly help the cause to take off, but my shares on the inexplicably diluted 20%, they are very sincere, you want to do this can tell me first, Can I press a red handprint first? It is illegal for you to do so, and then I wrote a letter of faith telling them that it was wrong.

Entrepreneurial 90% will die, so happiness is a minority, most of them are not happy, I have half of the project, it lost, I will give it a second money, it has no money, I will lend him money.

I recently had an entrepreneur close up, I thought about it, just borrowed him, I cast 1.5 million, accounted for 15%, and then borrowed my 500,000 registered capital, I hurried, and also 200,000, but still lost my 1.8 million, you ask me to borrow money, my heart is very uncomfortable.

Credit to the entrepreneur is priceless, the company dead is normal, success is not normal.

Xiaoping Smile, the Ancients had a word, foolish, so I was very clever (laughter, sporadic applause) Why don't you clap (applause)

Work can be a failure, a person can not fail.

Angel investors is not a fool, the essence is Liuhe color, a friend to start a business, more than 10 friends whip, if successful, is the next Tencent, if lost, when it is to support a friend to start a business.

Xiaoping: It can also boost GDP (laughter).

Looking for angel investment the best way is to find friends around, superiors help, if you must find me to invest, first find a person I know, if you roll money ran, I went to find that friend.

If you don't have acquaintances who can help you find an investor relationship, you don't want to start a business.

If you are willing to the user as a friend, if your product has a problem, you have to have how much pressure now Internet products have hundreds of millions of of users, the pursuit of active, but, is the user forget when "people" look. So when we scold GDP, we have to think about whether the KPI is also problematic.