No baggage, no subversion. CEO Talk about internet entrepreneurship

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It has been 20 years since the Internet entered China. Over the past 20 years, China's internet has sprung up with a surprising number of entrepreneurs, from Charles Zhang, Ding Lei, MA, to today's Lei, Liu, who have brought a different color to China's business world. Today, the baton of entrepreneurship has been passed on to the hands of the new.

As a new venture, I have a few ideas since the beginning of the experience to share with you, but also to China's Internet 20 years to salute.

Entrepreneurship does not necessarily require employment to start a business

As a newly graduated college student, in the entrepreneurial process, the first problem encountered is no work experience. Many people, including myself, have wasted a lot of time because they have been caught up in the cycle of employment. In fact, looking back, entrepreneurship and employment are completely different forms, although the two have a common, but the characteristics are different.

Entrepreneurship requires you to become a "special forces", "Transformers", requires you to do everything, the core characteristics of "employing + change", but does not fully require business ability is top-notch. When you are employed, your boss often examines you as a single business experience. In my own experience, bosses are even more tired of employees who are concerned about everything. Therefore, from the learning curve, the direct entrepreneurial learning speed is certainly much higher than the employment. Learn war in war, entrepreneurship is the king.

Internet provides an opportunity for the breakthrough of social structure

In traditional society, young people often have to learn the experience of society in order to get on track. In this system, age often becomes a disadvantage and burden, because the pattern of power has been carved up, industry and social rules have been set up, young people must go to conform to social rules to enter the pattern.

And in modern society, especially after the internet has entered China 20 years later, young people can directly connect with the new Internet experience, become an Internet native, and often for the elderly, migration has become a painful experience, age has become a burden. That's why the oldest old people in the tribe are often the most authoritative in the tribe, and in the Internet Society there are a series of Silicon Valley innovators like Zuckerberg.

Modern society is not an era of experience, but a time of technology and innovation. For example, in my field of work, the value network is a discipline that has not even been finalized, and young people naturally have a bright career.

New values of transparency, freedom and openness

Since the reform and opening-up, China has gone through the decades years, the first decade is the ideal of ten years, the poet and the ideal country of the era, is the age of white, and the second Decade is the rapid economic growth, materialism to the Lord's 10 years. The third decade, which began in 21st century, was the 10 years of rapid Internet access.

An important breakthrough in the internet age is that young people do not need to exchange and operate through resources, but can rely on technology and innovation itself to rise. The second Decade of representative figures, such as the real estate field of Wang, Pan Shiyi and other Wantong six gentlemen, the nature of its business model is the resource re-engineering, exchange and operation. The internet is a new economics, which is essentially technology and innovation.

From my side of the experience of several of the founders, they start from an idea, get the international well-known venture investment, and thus into the field of innovation, providing a new model of enterprise growth. The way in which the original capital was obtained was transparent and without original sin. This pattern began with Ma, Charles Zhang and Robin Li, and began to gain a deeper development today. I think that in the creation of the rich, it is also the output of transparent, free, open new values.

Technological innovation is not necessarily subversive

The media often label young and emerging industries as subversive and spoiler, and in my view this narrative is rather lazy. In fact, technological innovation is a kind of containment and construction to a greater extent, and it is an innovation to increase the overall welfare of the society under the precondition of changing the current interest pattern. This is why technical services are more readily implemented.

For example, the essential philosophy of the distributed liquidation system implemented by Ripple Labs is to optimize the bank's liquidation and settlement business model on the basis of not changing the banking business, so as to reduce the bank's cost and supervision anxiety.

Our relationship with traditional industries and traditional finance is a service and cooperative relationship, not a subversive and subversive relationship. Technological innovation and entrepreneurship are service innovation, not necessarily subversion.