Sai Fu Citis: 95% of the domestic entrepreneurial projects are copycat

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NetEase Science and technology news September 12, pioneering state 2013 demo Nation finals today entered the next day, SoftBank Asia Investment Fund, chief partner Citis at the scene to deliver a speech. Citis said SoftBank had seen many projects in China, but 95% were copycat.

Citis said that although the soft silver race, such as PE and other late investment as the main business, but still 10% of the business is dedicated to early investment. At present, SoftBank has invested more than 100 early companies.

"The rich see a lot of early companies, but 95% of them are copycat, and most of them will die because they are not fit for the domestic market." ”

Citis hopes that Chinese entrepreneurs, especially those in the Internet sector, are often unable to succeed because of the low cost of replication and the tendency to replicate the red-hot projects of foreign markets to the country, despite market demand.

"Passion is the cheapest, and persistence is the most precious." Citis said that entrepreneurs should broaden their horizons, the target market must be big, "the sufficiency of business model is the most important thing for business start-up." ”