Poly Beautiful products listed, for a time, Chen Au not only wealth doubled, its entrepreneurial inspirational story is also widely circulated, and even by many women as the heart of the "Male God", the image of a shining star. However, the story does not seem so simple ... Of course, as described below, many things involve foreign countries, as to what the truth is, can only wait for timely clarification of the parties.
I do not know since when, the network began to popular a variety of "Youth role model" story, on the popularity and the level of fancy, "I speak for their C Childe", is one of the leaders. And since JMYP listed, as a listed company CEO of the C Childe more complacent, more and more all kinds of big talk about entrepreneurial experience to flaunt their success. But looking at the network, friends in the circle of the sharing and forwarding, I really think some absurd: as a personality, high-profile publicity does not matter right or wrong, but as a fact, we are fooled. As an insider, I come to uncover Jiede, talk about C Childe said those wonderful entrepreneurial experience in the end is the story.
I did not think so good lively, but I believe that a guideline: work, first person.
and C Childe intersection, can be said to be working reason, I do VC, perhaps good luck, the past 11 years have done some good case, of course, this is not the focus of this article. C Son trustee found me when he was ready to start a business, middleman face is bigger, so we chatted together. After the meeting, the son sat down the first sentence is "I am not the first successful venture." Boy, give me a good first. There is no denying that he is very eloquent, very expressive, and he has a good concept, so I am really interested in his project. But I also think that this guy is too talkative, you know, investors if only listen to the entrepreneur Balla tell the story of the expense, then this line is long overdue. So I was on the background of the C Childe, especially the things he said, did some research, the results of this check, the unexpected story out.
C son and I said entrepreneurial success, refers to the current Garena company in Singapore. The company's information is easy to find, its 2010 launch of the Garena, in Southeast Asia and Hong Kong and Macao, the most popular online games in the timely communication and social platform, with millions of active users, can be said to Singapore and the whole of Southeast Asia, one of the internet giants. This is so powerful a company is the founder of the C, ah, so a look, this boy is really not simple. Later I passed a friend, contacted Garena incumbent CEO Forrest, he is Chinese, Chinese surname Li, but after chatting with him, but found a and C son said completely different version.
first, about "C Childe's entrepreneurial success"
said earlier, Garena information is open, easy to check. This is a company registered in May 2009 to set up a business in the distribution of online games. In my friends in Singapore, I also showed that Garena's ownership structure and the composition of the company's employees did not have any information from the C Childe. This is not the same as the C Childe foreign speaking? What's going on here?
according to C Childe's argument, this thing is a long story. In 2005, when he was studying in Singapore, he developed a game against the platform software, called ggclient, this product concept is good, quality is good, simply a variety of incomparable. By March 2007, based on the software, he and Forrest together to create a company called GG game. This GG Game, is today's scenery unlimited Garena predecessor Ah, as one of the founders of the C Childe had a good big stake. And this is what he called "the first successful venture". He applied to Stanford University MBA and was later briefed by his interviewer (Forrest's Stanford alumni) on his acquaintance with Forrest in Singapore.
and in the survey, I found things were not so simple. c Son in Singapore Reading is right, he wrote a software is right, he and a call Forrest together to set up a business GG game is right, even the company set up the time of March 13, 2007, is accurate. But! Some of the contents of this is the C son intentionally or unintentionally ignored.
below is the C son never told the story--
First, about the company's registration. At that time C Childe and Forrest ready to start a business, the first problem is registered company. Singapore is a very strict business rules of the country Oh, to register a new company, not only need to register funds, more importantly, a lot of procedures, it will take some time. Two people do not want to wait, so the C Childe proposed that he was in the GG client once registered a company, he registered that the company is a shell, never used to do the future migration to prepare, now can be directly used. Forrest a listen, think also can, plus entrepreneurial eager, agreed. So the company began to build up, share distribution, C Childe 35%,forrest30%, an angel investor 10% (by the way, this angel investor is Mrs. Forrest's classmate), we also left 25% to future team members make options pool.
But entrepreneurship is not a few days, that is, in August 2007, c son left Singapore to Stanford Business School (there are many stories, we will talk about). And after three months, in November 2007, C Childe found Forrest through MSN, said he "need money", want to sell his game in GG all shares. This is almost impossible, because the company's future is not good, has not achieved any profit, this is not so easy to find a pan. But Forrest quite kind, finally plus his own part of the money, a total of 700,000 dollars, but also really put the C Childe this 35% of the equity to buy out. Wait until May 2008, after the transfer of equity, this after the C Childe and GG game completely no association. To this end, C Childe really grateful, thanks, Forrest back to me at that time two people's dialogue and mail record--The young man speaks that is true sweet.
August 2008, Forrest changed the company name to Garena. At the beginning of 2009, he judged the business model of the company had problems, so there is no hope, so a bitter experience, he took the company liquidation.
May 2009, Forrest again led the team to start again, followed the name of Garena, or do the Internet game, but not to do battle platform, but focus on the distribution of online games business, determined to build the largest game distribution platform in Southeast Asia, this way, the path is the right, And there is today's achievement.
In the survey, I specifically asked Forrest a question, why he later opened the company must also use the name Garena. He explained that the name was the one he had flown back to Singapore from Germany, inspired by the global arena, which he felt was particularly cool, so he used the name all the time.
Garena's story in the Singapore Internet Circle is very famous, I also and some other friends did understand, found that the basic and Forrest said the same. Of course, the only thing they don't know is the origin of the name Garena.
so, can be compared to confirm that, C Childe said "entrepreneurial success" is a lot of water. Because there are two Garena, the Singapore Internet giant, which we all know today, was set up 2009 years later, mainly for game-issuing business. In addition to the name and Forrest this person, and C son before the involvement of the family Garena No association.
of course, if a certain C Childe said his entrepreneurial success, it can not be completely said to be a lie, because after all, he has 700,000 dollars, but this "success" is here so far.
two, about "professional manager Forrest"
in front of a lot of stories, Forrest this name I believe that everyone is no stranger (I admit that the narrative is a bit annoying, but the story can not have no subject AH). But interesting is, in the mouth of the C Childe, I have never heard the name, and then think about it, in fact, C Childe also in the external various show interview mentioned this person, but he did not call, but used a special term "professional manager".
in front of more, C Childe This belongs to disorderly talk, regardless of which Garena (before 2009), Forrest are founders. (I don't know if he sees Mr. C so describe how to feel). It is said to be the original, but also the two partners to start a business, C Childe responsible for product development, due to the original product form, 35%,forrest responsible for the formation of the team, financing and business development, accounting for 30% of the shares.
In fact, this does not need more explanation, you have seen which professional managers will run to a start-up company toss, and find someone, and control people, take the lead without salary, also accounted for 30% so many shares?
three, about "C Childe to Stanford study"
to Stanford Business School is undoubtedly a very gorgeous C son's resume, after all, is the world's first elite. C Childe in Chat once told me: one of the reasons I went to Stanford is that this resume is very helpful to pull investment. In this respect, I confess. Stanford, after all, is not claydon. Of course, because of this and investment itself, I am not ark son, I do not know things can not be disorderly, for C Childe's qualifications, I have not verified.
but, c Childe external description, often mention this experience, always bitterly, he told me and to the outside media said almost, said he in the United States the biggest regret is because distance too far lost control of the company, eventually hanhen out. But it is very regrettable that the C Childe here and make up a story-strictly speaking, in the C Childe, this should be said to be a comedy, but for his entrepreneurial partners is the real tragedy and farce!
first to go to Stanford to study this matter, c son outside the public said it is because some "internal unpleasant", so he went to the United States to learn, as if everything is natural, but really it?
from the results of my investigation, C Childe to the United States did not he said so wronged. He lied! Because this matter from time is very easy to prove, March 2007 they began to start a business, August, the son took a flight to the United States, 5 months, this is only 5 months ah. Anyone who has applied for a Stanford offer knows that the Stanford application cycle is long, takes up to a year, has complicated procedures, and requires alumni interviews and so on. If it is according to the C Childe said, they appeared unpleasant after he applied, then he applied the time to say that the end of the 4 months, eldest brother, you really when Stanford is said to go? Are you a fool for being Chinese?
I had heard this time also feel strange, and when I continue to investigate, found things more complicated, originally he did start to apply for an offer, but at the beginning of the start-up, he is and Forrest promised peace of mind to start a business, give up to study in the United States. And later, he changed his mind unilaterally.
this matter of the parties Forrest speak more specific, he and C son sitting in the adjacent position, often see the next door in the C Childe fill some Stanford University sent the form, so began to his once commitment a bit uneasy. Finally one day, Forrest can't help but ask C son is not change his mind, or to the United States to study. C son admits to say yes, said his parents asked him to do so, there is no way. He also stressed that the United States would still work for the company.
This is a bit of a nonsense. 16-hour jet lag, Internet service, remote technical support, and I know it's impossible to have a little common sense. What's more, you're really a vacation place for Stanford, and that's the most tiring university in the whole of America. You don't have to take a degree, you have to do a hard job. You're such an Einstein.
this thing Forrest must be very angry, just start a few months, partners on the run Shing, who do you play? In this sense, the C Childe is right, is really a little "unpleasant", but this is not pleasant is not he himself is.
but Forrest finally did not stop the C Childe to the United States, on the one hand he is more honest (remember that 700,000 dollars), on the other hand is the reason for comparison. He himself is a graduate of Stanford Business School, and the C son alumni interview the senior, also with him. Oh, the world is sometimes really very complicated ah, I do not know where to find that there are so many stories in the middle.
anyway, in August 2007, together after dinner, c son waved his sleeve, dashing away, never came back. This time, the distance they start a business, only 5 months!
four, about "C Childe was forced out after being elevated"
This is another famous sad story: After going to the United States, because of the operation of professional managers, as the founder of Toiled's C son was finally squeezed out, lost the control of his beloved company. This paragraph in the C Childe any one of the public statements of the version, but compared to the previous various lies and deduction, this bridge is the most unacceptable to me, said the straightforward point: Too TM shameless!
C Son to the United States, in fact, in addition to the identity of a shareholder, he has no connection with the operation of that company, and more accurately, not irrelevant, but a lot of damage. This is a common sense of investment problem, an entrepreneurial team, generally the most start to do financing, there will be angel investment, is called a round. And the follow-up with the business development, there may be B-round or even C-round. And like GG game them this situation, frankly said because of the existence of C Childe, almost hard to do B round. Very simple. You have a team to finance, you finish the story, the investor has a judgment on your plan and then you have to check your equity structure. But their company is equal to a shareholder who has not invested a penny, owns 35%, but is far away and does not participate in any business, who dares to follow it easily? Do not say in the event of a day the big shareholder a little movement, for example, to deal with their own equity to outsiders and so on, that the day-to-day company big decisions can not do AH. So said C Childe to the United States for GG game The development of this company is actually hurt very much, is equal to the small partners of the road are absolutely.
is also very damaging to team stability and growth, human nature, you think, you are in a start-up team, working all the days, take the shares may only 1%, 2%, then a person in the United States read books, do nothing, the result of a 35% stake in the end, the company has achieved, he is the big head, Why? Of course, I had once questioned a question--c Childe How can say is no contribution? He wrote the first software Ah, you use other people's things, give others a large proportion of shares should ah. The results of a check, this matter there is another section of the case, we say later.
went on to say that Gggame was in such a strange state that the team was really pretty good, there is no B-round, no income, unexpectedly adhere to the down, it is no wonder that they succeed, it is not simple, and after a few months, the C Childe appeared, he took the initiative to find the MSN Forrest, After a polite, bright chapter-he wants to spend money, he wants to sell his shares for cash!
said earlier, this matter is almost impossible, because the company's operating conditions are not good, there is no new financing to come in, he did not contribute, also do not participate in the business, this shares in fact and no difference between the empty cheque. 10,000 step back, Forrest if you really want to deal with equity issues, also do not have to redeem from his hand, from the financial point of view, the approach is too much. The simplest, declaring the company bankrupt, and then pulling the original gang to start a new company is over. Your C Childe is half a dime also can't take.
but Forrest finally satisfied his request, frankly speaking, this makes me very clear to this Singaporean person. Because from the past experience that, C son broke a promise to the United States is unjust first, from the legal and financial point of view, I said he can have a very clean and neat way to solve the problem of C Childe's equity, a penny also need not out. But in the end, the Stanford elite actually spent a few months, hard to gather 700,000 dollars to C Childe, in May 2008 bought back his 35% equity. In this respect, I can only say that although Singapore is mainly Chinese, but really is a very different from the Chinese culture today, we have some of the most traditional things there to protect and inherit better. Forrest said a word, let me always remember today, he said "I do so, I do not want to let my company and team on this road bear any debt!" "I can only say that this man is really good!" Garena can have today, is not accidental ah!
So, C Childe contented with a large sum of money from the team completely quit, for this he forrest thanks. I have seen two people at that time chat record and mail, C Childe's writing and his eloquence as good, even good are some flattering. Of course, 700,000 dollars, not a small number.
There are too many witnesses, some of Garena's elders, some of the big boys in the Singapore Internet Circle and even the South China Morning Post reporters know, but this is one of those things, later in the mouth of C Childe became "excluded out"! Master C, do you really think that the link between Singapore and China today is Zheng He's voyages to the West? You made up a story to prick it for more than 10 years? This is the Internet age, you are very daring!
Five, about "C Childe's Ggclient"
Well, we now have a more boring but a more critical proposition, C Childe for GG game in the end how much contribution. A little bit earlier, here's a confession.
GG game software is called Ggclient, is the C Childe development, this is not false, this is also C Childe can be in the entrepreneurial team take so large shares of the main reason. But what about the software?
In the C Childe left the team to Stanford, Gggame team actually almost collapsed, because the software is the C Childe wrote, he Shing, and Internet products are constantly based on user needs feedback updated version of, this is common sense. And another mainstay of the team Forrest is management and business, is not a programmer, the technology is not Greek, they are so Mashi persisted for several months, finally from the mainland to dig a master to do CTO (this person in Taiwan Internet technology and product industry is a big shot, the ability is very large, the story is also many, Have the opportunity to talk later, the result of this friend, the bottom of the code to see, the root is a "what rubbish?" , and then rewrite the product code all over again, and the UI is completely changed.
and as the product and user behavior understanding of the deepening, GG game team also found a very serious problem, that is, early registration of the user is very inactive. As a result, they found that after careful investigation, the mother, the original C son claimed that his software accumulated 500,000 users, there are more than more than 400,000 90% feelings are directly from a domestic web site user Database Direct Import-these in the user is completely unaware of the situation is "registered", With us today inexplicably received some spam messages in fact nothing different, such users of course not to login game! And this, is the C Childe never and other people mentioned. There is no doubt that this is a violation of Singapore law, and in order not to leave a bad reputation for potential user data fraud, Forrest and his team quickly removed all of the bogus users from these databases. And this is the C Childe all contribute!
OK, that's all I want to say.
in understanding these circumstances, although I appreciate the eloquence of C Childe, but I can only give up the idea of investing in his project. Because, in his body, I can not find "honesty" and "Lutheran." Of course, I do not deny that today in business, I seem to have missed an important opportunity, but I do not regret it. Because, although I am not Buffett, nor Li Ka-shing, but can be lucky today to be able to financial freedom, to do something meaningful, I believe that I have persisted in this life some things still have value. For example: work, first person!
Finally, I also told you a bit of fun and some ironic jokes, Xiaoping old brother and a lot of investors in fact, is also Forrest introduced C son know, hehe. Yes, that is that he played and played, 700,000 dollars to help him set the current shares, but the C Childe is said to be the crowd out of his Singaporean--garena founder, now the helm.
I always wanted to know the story of the packaging of a name-"Bridges" seems too out of it-a thought of C Childe, suddenly came to the inspiration-"Giant no product"! What do you think?
Source: Internet First hunt Internet explosive (micro-signal: Hbaoliao), article address: http://www.aidiscuz.net/article-235-1.html.
