Sequoia Capital Partner Kui: Entrepreneurs focus on VC is wrong

"TechWeb Report" October 17 news, sponsored by the Entrepreneurial State "innovation China Demo" 2013 Spring Games press conference held in Beijing today. Sequoia Capital China Fund partner Kui the site to share a few observations on the investment and entrepreneurial environment, and make some suggestions for entrepreneurs. He believes that for entrepreneurs, "pure focus on the VC concept is wrong ..." IPOs can be proud, but they don't mean much.

A few observations on the entrepreneurial environment and trends:

The threshold of entrepreneurship is getting lower, from the perspective of the electric business field, online and offline financing gives entrepreneurs more opportunities;

Industrial Division of labor more clear and rapid, entrepreneurial rejuvenation, rapid integration into the industrial development environment;

Angel investors are getting more and more, the investment company is proud of the early fund, it is good for the entrepreneur;

Market demand for entrepreneurs is more and more vigorous, but the ultimate success is more difficult;

From the entrepreneur, regardless of the big environment good and bad, economic development fast and slow, everything is good;

Large companies to the blank field to reach out, small companies should grow up as soon as possible;

VC more and more cautious, this is the reality, in the long run, the mentality of entrepreneurs should make corresponding changes;

Some suggestions for entrepreneurs:

Open, facing the increasing international exchanges, the global vision of entrepreneurs is very important, there is no need to focus on a "village" (Zhongguancun);

The partner, the consciousness and the bosom is very important, looks for the enterprise process partner more;

Values, IPOs can be proud of, but it does not mean that the IPO is not the ultimate point of wealth creation, entrepreneurial process can also create wealth;

Focus, 1 focus on VC is wrong, money is not from VC, from the user, to get the money is the standard can not attract users, and to persuade VC to maximize their value; 2 focus on products, large companies are product origin, 3 focus on the medium and long term, you can see more opportunities, a deck of cards;

Opportunity, is not VC say good is entrepreneurial success, some projects are long-term opportunities, VC come in May disrupt the pace.