Millet Technology founder Lei: Domestic entrepreneurial environment needs to be improved

This reporter Wang gang from Beijing

As a well-known entrepreneur and angel investors, lei in the Internet layout of a wide range of investment over the past few years, including UC, YY, Lakara, where customer prudential products, Amoy and other dozens of companies. In addition, he is the chairman of Jinshan software company, and founded the Millet Company in 2010.

Lei told The Times weekly reporter, as the newly elected representative of the National People's Congress of Zhuhai, he focused on economic issues, has submitted to the General Assembly on the improvement of the entrepreneurial environment of the proposal, aimed at simplifying the company registration process, the name of the purchase of invoices and other related issues put forward 5 specific recommendations.

Reduce the threshold of registered companies to encourage entrepreneurship

Times Weekly: Why pay attention to the environment of entrepreneurship?

Lei: I am also an entrepreneur, starting from the early 90 in the late 80, and participated in the founding of many companies. Especially in the last five years, I have invested twenty or thirty companies as angel investors, so I feel very deeply about entrepreneurship.

It would take at least two or three months for the entrepreneur to register the company to run the company, and a foreign company would only take a day. I have invested in an entrepreneur, I ran two months did not finish, and then looked for the trade and Industry Bureau at the door of the agent company, the results of the fraud company, not only money was cheated, the company has not registered. Many entrepreneurs are doing research and development to do products, social experience is not rich, registered companies for them is a great threshold.

Times Weekly: What are the obstacles to creating a company for entrepreneurs?

Lei: The first difficulty is the registered capital, this is our country "company law" characteristic, the foreign registration company does not need the fund; The second difficulty is the registered address, it must be a commercial room, an address can only register a company, such as a computer city if a building has only one address you can only register a company The third difficulty is that the company name process is very long, you can think of other people have thought, a feedback cycle of 7 days, can only mention five names, millet light think the name spent more than three months, think of more than 100 names, at least more than 50 nuclear names.

Times Weekly: What are your specific suggestions for the entrepreneurial difficulties?

Lei: This year, the General Administration of commerce and Industry has carried out the reform of the commercial registration system, which does not require registered capital verification, registration of address documents, no annual inspection, completed within three working days, has caused a huge national response. March 1 has been in Shenzhen, Zhuhai pilot. After the announcement, many entrepreneurs said they want to go to Shenzhen and Zhuhai to start a business, which shows how important the reform.

It is suggested that the reform of the general Administration of commerce and industry be more significant, and the new commercial registration system will be piloted nationwide. If there are difficulties, it is recommended in various High-tech zones nationwide pilot.

And for the review of Industrial and commercial records, I suggest that the industrial and commercial authorities do not have a complex enterprise record legal documents for substantive review, and by the enterprise itself and lawyers for the legality or rationality of these documents are responsible. On the one hand, the company can make the agreement of freedom, so that lawyers have the space to play, at the same time can reduce the workload and responsibility of industrial and commercial organizations, more in line with the actual situation of the company.

Regarding the company name approval question, I think should set the feedback time limit, encourages the auditor and the enterprise immediate communication, like (uses) the telephone, the text message and so on, enhances the on-line audit efficiency.

In addition, the issue of invoices also plagued start-ups. At present, in addition to Enterprise Crown invoice other than invoices can be free to the tax authorities to use, but enterprise name invoices to the tax authorities to buy separately, and the name of the printing of the invoice only a few, in a monopolistic position, enterprises and printing factory bargaining space is very small, which makes the cost of enterprises to increase substantially, causing additional cost burden to enterprises. It is recommended that the IRS unified policy, Enterprise name invoices and ordinary invoices, (by) the tax authorities around the free supply.

Encourage Angels to invest in "blood transfusion" small micro enterprises

Times Weekly: Angel investment is very important for entrepreneurs, but the current domestic small micro-enterprises financing is a very prominent problem, how do you see this problem?

Lei: Domestic entrepreneurs generally reflect the government's lack of attention to small micro-enterprises, survival difficulties, especially the problem of financing difficulties.

I think it is unrealistic to encourage large investment institutions and banks to do small micro-businesses, and it costs too much to deal with a smaller investment. In the case of the United States, Angel investment, Angel funds and various new incubators should be encouraged to complete the financing of micro-enterprises.

Times Weekly: Why the domestic angel investor group did not develop?

Lei: There are 400,000 angel investors in the United States, the amount of money invested every year is more than the whole VC. The relatively active angel investors in China are probably only 10,000 people, and mainly concentrated in the north of the canton, such as a few places.

In addition, angel investors in the investment process will encounter various risks. For example, angel investors to invest 1 million RMB for 10% shares, the entrepreneur a penny, you register to try, simply not. Only in a flexible way, investors first from the personal account to 900,000 to the entrepreneur account, the equivalent of a registered investor 100,000 accounted for 10%, entrepreneurs out of 900,000 accounted for 90% shares. But if the entrepreneur is bankrupt and quit, the investor loses 900,000 immediately. So I can only vote for my classmates, friends and acquaintances, so I don't have to do due diligence.

Because of the registration barrier, investors and entrepreneurs want to adapt, but bring a follow-up series of risks and problems, which is called premium replenishment. If the issue of increase in premiums is not solved, angel investment is difficult to develop in the country, it is recommended that in the industrial and commercial registration should accept the premium part of the capital verification.

Angel investment, legal system and social integrity system is very important, these two systems established, the whole angel investment can really move.

Times Weekly: During the two sessions, Suning's Jindong proposed to strengthen the supervision of the VIE, while Baidu's Robin Li believes that the VIE structure should be lifted. Your investment yy has been listed overseas, others such as van, UC, etc. also have financing and overseas listing needs, what do you think of the current dispute against Vie?

Lei: Both of them are well-intentioned at present, but the method is not the same, one advocates completely open, a proposal indent policy, but all is to solve the Vie "detour" problem.

Vie is the existing system under which many people exhaust their brains to come out of the alternative model, is a compromise plan, around 108,000 miles, there are risks on the road. There is no doubt that today's system is not easy to fix and requires a stronger political wisdom.