Six entrepreneurs first venture by borrowing money: low age becomes the norm

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"I know that the youngest entrepreneur in Beijing now is 16 years old and I am now 18 years old, and I feel under a lot of pressure." "Wearing a black suit, a red tie and hairspray." The deliberately mature shape contrasts with the jerky look on the face, which is a surprise to the people present.

Xu De Dust, the founder of the chat network, a year ago, he made the first important decision in his life: Give up the college entrance examination and start a business.

Today, such as Xu De age less than 30 years old began to start a more and more young people, Poly-Mei excellent product founder, CEO Chen Au, Cool disk CEO Guzhi, the United States Interactive Advertising CEO Shuyi, the United States Mito CEO Wu Xinhong, Game Matrix CEO Xu. These young people under the age of 30, with their own companies and products gathered a large number of users, began to play the influence of entrepreneurs.

It's time to start a new business. "Xu De said.

Low age becomes the norm

Although many people think, too young entrepreneurial team has no experience, not reliable. But it turns out that, due to the number of younger users in the Internet field, and in emerging areas such as the Internet and mobile Internet, the age of entrepreneurship has become a norm.

The 21-Year-old founder of Apple, two co-founder of Google, was only 24 years old, and Facebook founder Mark Zuckerberg, a global investor, climbed into the New York Nasdaq exchange to become the world's youngest self-employed billionaire. Young people under the age of 30 are becoming a global force for entrepreneurship.

"Passion is very important to the entrepreneur, perhaps it is not all, but it must be a very important part." Xu De said, "I dare to give up the college entrance examination, give up the opportunity to attend a foreign university, because I have confidence in my own business." ”

Although the childlike not retreat, but Xu De in 2012 pioneering state annual meeting "Under 30 years old entrepreneurial upstart, Young is the strength" discussion session, the speech frequently caused the present person's ponder.

Xu De and other people founded in Chat network is an online teaching network platform, providing English training and other professional courses services. Xu De and other 10-member entrepreneurial team, the average age of 19 years. At the Beijing five crossing of the Huaqing Jiayuan, they rented a set of 280 square meters duplex structure of the House as office space.

"Our company's registered capital is 100,000 yuan, often without money, to pay staff, and then there is no money to pay rent, the main way is basically to borrow money." "Still, Xu De's entrepreneurial team has been running for a year, and they just got their first funding last month."

Mito CEO Wu Xinhong, is also a high school just graduated starting a business. As a serial entrepreneur, his first venture started in 2001, earning 300,000 yuan by domain name.

Now, Wu Xinhong is a pioneering "veteran", he will "the younger" group positioning as their own consumers.

In order to get closer to the user base, he and the team are talking face-to-face with the group every once in a while.

Game Matrix CEO Xu, also has a similar serial entrepreneurial experience, "2000 came to Beijing, just started to make a little money, but the dream did not." So I went back to finish reading the book in 2004. ”

Xu is fortunate enough to find investors who appreciate him every time. But also encountered less than half a year to burn millions of yuan, into a dilemma, Xu can only accept no one timely situation, the teeth stick to it.

Six entrepreneurs rely on investment

Although there are many young entrepreneurs with entrepreneurial ideas in the Internet and mobile internet, how to survive is still a problem.

The newly released "2012 China Venture Survey Report", published by the 2000 pioneering enterprises, shows that there are 60% entrepreneurs in the country to start money by individuals or relatives to borrow money, 19% of entrepreneurs rely on financial loans, 10% rely on government subsidies, 12% of entrepreneurs will receive money from angel investors. According to a 1996-year American figure, only 4% and 3% of entrepreneurs in the United States claim to have financed venture capital institutions and angel investors. This shows that China's investment funds have been developed to a certain scale.

Most young entrepreneurs say the help of angel investment is important. Poly-Mei Excellent products founder, CEO Chen Au angel Investors are Xiaoping, with Angel Investment, can form the next virtuous circle, "later, saw the company's performance, flow, product attention, then get VC easy." ”

In the report, "Factors that affect success", 20% of entrepreneurs think it is money. In addition, entrepreneurs believe that the impact of entrepreneurial success in the factors, the impact of social relations more than the work experience.

Do not support too early entrepreneurship

While venture capitalists and angel investors have given many opportunities to young entrepreneurs, there are also a group of investors and some entrepreneurs who say they do not support dropping out of business.

"I don't recommend starting a business as soon as I graduate," he said. "An entrepreneur told the first financial daily," because I think when I first graduated, don't say eat pork, pig ran did not see, how to find the right team? Even if done, there are a lot of uncertainties, and then stones, the probability of success is very low. ”

Although young people are not afraid of trial and error, investors also believe that they should know their own director before deciding whether to start a business.

"Looking for an angel to invest, the most important is not money, the best thing is not money, such as the experience of investors, the long-term guidance of entrepreneurs, investor contacts, social relations and so on." "Angel investor Shire said that aspiring students, preferably in the enterprise for two or three years to see whether they have to do a company's ability to accumulate work experience and social resources." Shire that because of the existence of mobile Internet, this year, next year and the year after this three years, is a very good opportunity for entrepreneurs.

Shanyou, a part-time professor of entrepreneurship at Ceibs, says entrepreneurship is not as young as it is, "it's best to start a business between the age of 28 and 35, because at this point energy, passion, physical strength, experience, contacts are all at the peak, more suitable for challenges." ”