Now is the time of the hero's end

Some time ago, I met with an entrepreneur to chat, he was a pioneer in the 90 's. Talking, he said it was an era of heroic end, full of lament for himself and his peers ' entrepreneurs. He said that their generation of entrepreneurs is a tiger, is now twilight, desperate, surrounded by wolves. The wolf in his eyes, the most active group of entrepreneurs, is waging a violent attack on traditional industries by the technological revolution.

Turn around, I took part in the Sohu Financial summit, discuss the next tuyere where, guests have drops of taxi founder and CEO Cheng Wei, Poly Mei Excellent product founder and CEO Chen Au. These two born 1983 entrepreneurs, in the forum before the private exchange was enraptured, in the forum after the idea is still not done, meet to continue chatting. Their eyes glowed with light, and they saw a lot of opportunities. It is the beginning of their thinking how to let users get better service and products at a better cost. All the unnecessary and loss-efficient links in traditional industries are the object of their change.

Just a few days ago, the drop of a taxi announced the financing of 700 million of dollars, for a while my "drop a cab of the ice-breaking trip" and in the circle of friends to brush the screen crazy. The birth of this article, from the Spring Festival before and after the drop of a taxi and its rival Red envelopes War, remind me to understand the desire of this company. According to Cheng Wei, founder and CEO of the drop-by-taxi, the highest day burned more than 10 million dollars, a user subsidy of 10 yuan, subsidized 7 million or 8 million users. Cheng Wei is a typical example, grassroots entrepreneurship, dry hard to live, because new technology, new business model and favored by investors, users have, money also has, suddenly become an entrepreneurial star.

What he does is to make the market more efficient match between the traffic resources (cars) and the users. It's easy to say, it's hard to do, the taxi industry is a half-executive directive, and the taxi driver is a stubborn and conservative person. However, the drop-by-taxi did, industry regulation loosening, taxi drivers are also embracing the Internet. This is the trend, the conservative always be changed, just a matter of time, he will not change can only be eliminated. New technology is a fait accompli in traditional change.

There are many entrepreneurs like Cheng Wei. This year I interviewed a depth of another mobile internet company, singing the offline KTV nearly two days outside the open, launched the offline KTV Revolution.

One of the hot spots in the two years is internet finance, a tough area of regulation. Xuzey, 91 founder and CEO of Finance, is also an entrepreneur. He started to do 91 financial logic is: China's traditional financial institutions, do not do the place, by the offline intermediary to do, these intermediaries earn excess profits. He has to admit that some of them are valuable, but there are some places where the fees are too high and the pattern is problematic and he has to upgrade and transform.

The entrepreneur of the generation is catching up with a golden age of entrepreneurship, just like the beginning of the traditional entrepreneur to catch up with the 90 's reform and opening-up. The difference is that the leader of the reform and opening-up is the government, "92 faction" entrepreneurs benefited from the policy dividend of reform and opening-up, by the state cadres and other status brought about by asymmetric information, network resources to obtain the first bucket of gold. And this golden age of entrepreneurship, the keynote is technological change, technology companies are through new technologies, new business models to break the bureau, change opportunities, become the most crucial players. A more normative business environment also gives them more entrepreneurial tools: financial support from capital markets, for example. They also set up a better modern enterprise system, equity ownership is clear.

One of the most popular words of the year is O2O, because of the technological changes brought about by the mobile Internet, leveraging the huge, trillion-level market. This year's domestic film box office champion "Flower Road", and the United States Regiment cat's Eye film opened a press conference, through the United States Group of the cat's eye pre-sale out of the box office reached 100 million yuan. The group's Groupon site is extending its tentacles into more offline consumer areas: movies, hotels, takeout, etc. The company hopes to move more elements of the supply chain to the Internet, not just a certain hotel, but a room in a hotel, a bed, not just a KTV, but the big bag, small bag, and even the different slots in each compartment to move online, The more links and links between consumers and supply chain elements, the greater the service and value that the group can provide in the process.

This is the ambition of O2O companies like the American group: by moving the internet, eliminating the asymmetry of information, letting information flow in a more efficient way, and matching merchants and consumers with better costs. Like razors, eliminate the redundancy of the supply chain and allow itself to play a powerful role in shorter, more concise supply chains.

In the traditional industry, there are too many unexpected problems to solve, and solve a problem of tens of billions of dollars, can achieve a 1 billion dollar company. There is too much space, maybe one day in some unknown corner of a good company. In the past two years, the sound of the paper media has been fading, the momentum of the paper media has not been able to stop, even to the more than 10 years ago to the paper media caused a huge impact on the portal site is also in decline. In the confusion of the traditional media, a mobile internet company called today's headline came to the fore, June 4, 2014, today's headline announced the completion of the C round of financing 100 million U.S. dollars, the company valued 500 million U.S. dollars, the company's products online is August 2012, it does is the information distribution, automatic mining users interest, The user is interested in the information recommended to the user. The content is not only from traditional news websites, but also from blogs, from UGC websites. No editorial team, all by algorithm. Its founder, Zhang Yixi, is an IT man with a sense of almost no individuality and immersion in the information world.

There are most opportunities in the dramatic period of change. And China has gone through more than 30 years of market economy, the business environment has become more transparent, fair and open, and the direction from which you have a relationship with people can get resources, to whether you can create value for users. In a fully competitive market, entrepreneurs compete with the vision of discovering opportunities, the insights of user needs, and the understanding of technology. Is this not the Golden age of entrepreneurship for the current entrepreneur?