PANDODAILYCEO: Chinese entrepreneurs and investors lack the spirit of adventure

TechCrunch former senior editor, now PandoDaily's founder, CEO and editor-in-chief of Sarah Lacy previously in the Chinabang activities of the technology sponsored, talked about China http://www.aliyun.com/zixun/ aggregation/5738.html "> Internet Industry view.

Lacy is concerned about China's Internet business Circle, she is the main initiator and promoter of the TechCrunch disrupt Beijing Conference, and believes that the Beijing Congress is one of the proudest things in her 15-year career. She also came to China to collect data and research at least six times while writing "brilliant, crazy, cocky–how" butenafine of entrepreneurs viewable from Global Chaos. It can be said that Lacy is one of the few people in the Silicon Valley technology blog who really knows China.

The foundation of entrepreneurship has been extended to China

In Lacy's conversation with us, she first explained the origins of her new blog, PandoDaily. For her, the Pan-tree is the Silicon Valley entrepreneurial environment of the perfect metaphor, "underground roots are intertwined, connected, no matter what happens on the ground, roots are still there, and will continue to grow new seedlings." "In this parable, the roots naturally represent creative, courageous and ambitious entrepreneurs who have new ideas and new projects behind the scenes, and Pando is the result of their hard work, practical ideas and benefits to the users." Now, Lacy said the roots, has extended to mainland China, Tencent, Alibaba, Baidu is those who have grown out of the tree.

The misunderstood Chinese entrepreneur

Lacy also said he was "very fond of Chinese entrepreneurs," but felt they were "misunderstood", especially in the US, where Chinese start-ups were often seen as "copycats". She is amazed by the innovative ideas, business, and operating patterns that have been found in the "deep perspective," after she learned about successful internet companies such as Tencent, Baidu and Youku. She also praised some of the Chinese start-ups who competed in the disrupt Beijing Conference last year, and said some of the teams even surpassed what she saw in the United States.

Difficulties remain

Speaking of the experience of last year's disrupt Beijing Congress, Lacy said it was "not so easy" to do something in China. Cultural differences are important reasons why many overseas companies and teams fail in China. Last November we reported on several major problems that overseas companies have to overcome in China. It is true that China is now a land of opportunity because of the size of its market and the fact that it has not yet developed a sound industry, but there are many very big difficulties for all those who come to the reclamation, including China itself. Competition is extremely fierce, and some market rules and management is very vague, but also people can not control. China is indeed a land of contradictions.

Entrepreneurs and investors lack the spirit of adventure

In addition to doing something in China is not so easy, the 2nd that Lacy mentioned is very attractive. She thinks that while a lot of investment is now pouring into start-ups, in many cases, both entrepreneurs and investors are not really taking risks. "When I look at the products that replicate Western business models, I always hear Chinese entrepreneurs repeatedly say that's what investors want to invest ... But in fact we're at the disrupt Beijing Conference, what you really want to see is those crazy, new, creative ideas, even if they don't have a clear business model or a channel to connect with customers, and China's current venture capitalists only like products that have been proven elsewhere. "Lacy said.

In fact, the attitude of both entrepreneurs and risk investors is really frustrating for us. It seems that Chinese entrepreneurs and investors are becoming more short-sighted, focusing on short-term gains without long-term plans. Investors think, "What will make me the fastest to make more money?" "And entrepreneurs think," What products will make me the fastest investment? "That's why we see a lot of companies duplicating American products, either raising large sums of money or being too overvalued." The drive or enthusiasm that really solves some of China's important problems does not seem to exist. Do we really need so many social networking sites, group buying sites or coupon services?

I am very supportive of Lacy's alertness to entrepreneurs and investors, who must be aware of what they are doing and must be aware that they cannot be kept that way. "If China's internet is to go to the next stage, it must start to break through innovation in its products, features and ideas, and not simply localize it with a used idea," Lacy. "She also believes there are still some creative entrepreneurs in China, but investors are not willing to support them," she said.

She appealed to investors on the Chinabang to "start a business with entrepreneurs and support those who are on the front end." If we go forward together, the entire Internet environment will be better, we can create more job opportunities, more revenue, more creative, and thus change our world. The