Sequoia China Shen: Nearly 2/3 of the investment enterprises for continuous entrepreneurship

Sequoia Capital China Fund founder and executive partner Shen July 13 News, Sequoia Capital China fund founder and executive partner Shen in the "Entrepreneur" magazine sponsored by the Black Horse competition, the Internet as a new business model, will not be too affected by the economic situation. In addition, he revealed that nearly 2/3 of entrepreneurs who invested in Sequoia over the past two years were two or three startups, and suggested that entrepreneurs pay attention to the experience of failure. Shen said that although the current economic situation will be less than before, but the internet as a new business model will not be proportional to the economic cycle, "many industries are currently developing a high ceiling, is a blue sea." Shen said that, compared to the traditional industry, the Internet area is more easily generated by large companies, one is the persistence of innovation, the second is still living space, and the face of entrepreneurs difficult to avoid the giant barriers, shen that small companies can actually use their own product differentiation, in this market can have their own cake. "We can sometimes hear complaints that we have Baidu in this industry, there are big companies like Alibaba and Tencent, there are giants." In the traditional industry, in fact, this phenomenon abounds, in the beverage industry or food industry, you may be concerned about the status of Wahaha, Master Kang, you can not even enter the channel. Shen says nearly 2/3 of entrepreneurs who have invested in Sequoia's past two years are two or three startups. In his view, the accumulated experience of such a continuous venture is helpful to success, "You can make a lot of mistakes and do a lot of things in the process by starting a business." After that, you will reflect on the process and analyze it, which is extremely important for your next venture. Shen also said that it is important to keep the young mindset of entrepreneurs apart from having a lot of experience. "When you have too much experience, it can be an unavoidable negative factor, which is that you have a rule, or a framework, when you can't get out of the frame and walk out of the box of things you've done, which may be another challenge and a balance for entrepreneurs." ”