The network Fu Rui: Entrepreneurship 13 years of hardship encountered 4 men

Do the net do now do eight years, do a website for 13 years, in the entry of the Chinese Internet after the bubble, 2001, when the first online education, now more than 10 years have passed, this year and two years, online education has just come, this is a good thing, not entirely a good thing. This month from 26th to 27th, the Internet Education Star Entrepreneurship Competition is being held in Shanghai. The day before the contest, the CEO of the network, history, gave a speech to share the network of 13 years of hardship, as well as in times of hardship met four men. Voyayary Frankly, do the Nets do now do eight years, doing a website for 13 years, when the entry is from the Chinese internet bubble, 2001, when the first online education, and now more than 10 years later, this year and two years, the heat of online education has just come, this is a good thing, is not entirely a good thing. Over the years this year, online education in the field of investment and financing is billions of, recently there are many, "has been crazy." He recalls 8 years ago to get an angel investment, the most reliable investor Zhao VIP-a freak, but also an abnormal investor. In the 06, no one was going to invest in Internet education. Knowing each other, listening to his gushing speeches and totally ignorant of his business model, he gave 1 million dollars to the net in the second year. This kind of person, he thinks really is an angel, although he grows a little not angel, but he is actually more care about entrepreneur psychology ... Now, he thinks, internet education has not reached its highest point, is an absolute rising period, last year to this year, a lot of projects have emerged, covering many aspects, many problems began to emerge, but still not be covered, there is a lot of demand to be resolved, so that entrepreneurs sufficient enough opportunities. The following is a live record: Hello! I am the founder of the network of Voyayary, people used to call me Arnold. I'm glad to see so many people here today. Please allow me to be happy to say hello and welcome! I thought today came to our business meeting site, people should not be too much, because the education has been hot for some time, how still so many people? I think now is the most critical moment of internet education, if it is the entrepreneur, the grasp of the grasp, do not seize the words, the best peak moment may be missed. I do the net do now do eight years, do the site for 13 years, in the entry of the Chinese Internet after the bubble, in 2001, when the first online education, now more than 10 years have passed, this year and two years, the heat of online education has just come, this is a good thing, not entirely a good thing, It is inevitable that the Sheng is very bad. After years of this year, light in this field of investment and financing is billions of, recently there are many, I think a lot of things have been crazy. For the entrepreneur is good, can be said to win a very valuable opportunity; for capital is also good, many investors here today, entrepreneurs, people come to think aboutDo you need financing? I first introduce a friend, the most reliable investor Zhao Vip, he is a freak, but also an abnormal investor. Because eight years ago, 06, there was no one to invest in Internet education. We knew, and in the second year, I was given 1 million dollars in the following years, listening to my gushing speech and completely ignorant of my business model. This kind of person, I think really is an angel, although he is a little angel, but he is actually more concerned about the entrepreneurial mentality. What he did later on was different from what we talked about at the time, except for people, everything changed, and it was totally different. But is it important? The important group of people kept in line. To introduce the second, called Ying Yingpeng, he was in the most critical time of the network, the Hu is in 09 when the real lack of money. When I met the first round of angels, I got confused and finished; the second round, when we happened to do an schools, and Ying Yingpeng met, we call him the old Sui. At that time, we still can not speak a decent business model, daily dealings with users, every night four o'clock to sleep, of course, every morning to get up very late, every day to deal with users, to see what users care about, look at the user's distress is what, users want to use you what things? At the time I felt like an entrepreneur living in the details, But many people do not see, because you only know the details, do not understand the macro, you will feel that the market in the future to occupy a large share of what position, from you very far away. In China, the problem that the entrepreneur faces is very comprehensive and complex, the company organization is very important, more important point, where is your core business? After the encounter with Ying Yingpeng, I think he was the most educated at that time. The Lu Jianjun of the Shanghai Cultural Fund is the investor of our next round of financing, and there are many of them in the team who are concerned with education and culture, they see good projects, they throw them, and there is no tie. There is also a June Lian capital and Shing, is our long-term partner, heard recently invested in the education of punishment. What I want to talk to you about today is that I don't know how to do business coaching and share it with you. To share the first point, Internet education has not yet reached its highest point, is an absolute rising period, last year to this year, a lot of projects have emerged, covering many aspects, many problems began to emerge, but still not be covered, there is a lot of demand to be resolved, so that entrepreneurs sufficient enough opportunities. If you do not seize these opportunities, may be fleeting, within 12 months, the window will be closed, entrepreneurs, do not hesitate! Come back to our education, why do we have to do education in the Internet field? If there are other reasons to seize the huge business opportunities of Internet education, Can still support him to do this industry, he will not hesitate, direct operation on the line. I've seen a lot of good projects in the year that are focused on the needs of the users within their own visual range. But there are also a lot of scale not to reach, in the more detailed industry needs of people do not pay attention to, there are not very concerned about, more want to do a lot of things, I think time is too late, now most need you to make the previous understanding of the rapid completion of a complete results, and the complete path to verify clearly. Question and Answer: Q: A few days ago, the CEO of China made a investment and financing cold wave forecast, I would like to know if this fund will have a problem? How long is the window period? Fu Choi: I'm not that strong, I'm not investing. First of all, there are two major problems in the field of Internet education. One is that you use the cost of teaching staff is getting higher, because the Chinese society is a line of education under the full development of the situation, that is, offline education practitioners, teachers, research director of the salary is very high, the vision opened, Want to attract them to give up those vested interests to the line, not just rely on the ideal to be useful, the ideal is not too much to use, this is also a lot of people up the chance of bargaining chips in this. Second, the cost of using the Internet professionals more and more high, you and the huge net Internet enterprises to rob talent, people will consider my prospects for development. This time, you originally want to melt 5 million dollars, suddenly when the money hand, you find this money like futures, 5 million U.S. dollars as 2 million use, consumption is gone. Q: Now the Internet giants, including Alibaba, Tencent, Baidu, have entered the education sector, they entered the words, we as a small company, there is a chance? Fu Cai Rui: I think now in addition to Baidu move a little more, in fact, Alibaba and Tencent action is not much. Of course I communicate with Cheix, Alibaba's Cheix is below, you can find him. Alibaba has been busy listing, not focusing on internet education, Tencent is now busy doing it, because the Tencent team to do their own. Other acquisitions and mergers are not the point. Tencent's project is progressing quickly, but also encountered a lot of problems, it is very normal, into a new field is certainly so, these are money can not solve. Do the Internet education business, especially in the early stage, you do not have the necessary authority, with your ideas to do, if you think your idea is just a little earlier than others, then you have no chance, because you can think of, the Giants or the traditional institutions of transformation can think of. If you feel like you are super potential, the stronger you are, the stronger you will be, and you will have a chance to compete in a big field. So the opportunity is always there, only more, but not necessarily everyone, after all, now there are so many people do not know the Internet education. Q: I see a group of data, in the subdivision area, K12 and vocational education, the online part of the obvious higher education and vocational education share more, this is just the reverse line. Do you think that in the process of going online, vocational education and higher education will be faster due to some natural models? Choi Rui: This problem is very good, very professional. This is actually the opportunity for entrepreneurs, I think the internet is now subject to a variety of things, in all aspects of experience is not omnipotent, there are many problems. Vocational education on the InternetThe future of development is certainly quicker than K12. But in the long term it is too early to conclude. The problem with vocational education now is that to the understanding of the industry and the actual level of practice is a gap, in fact, sufficient a large number of opportunities, the vocational education of the people are naturally on the Internet, and they are ready to buy and pay the net, so I think the vocational education in the next two years must be a blowout!