The power of rational treatment of capital may be a required course for every entrepreneur

Rational treatment of the power of capital, and balance the relationship with the capital side, so as to achieve the maximization of personal and corporate interests, may be a compulsory course for each entrepreneur.

Recently, after the network flooded with a large number of "leave" rumors, the handle net official issued a statement, said Wu as the founder of the company will remain as chairman of the post, denied the resignation, but also the first mention Wu will be responsible for innovative business direction. But the Wu of the Internet Capital Hunger game remains a problem.

May be the "mercy of the soldiers, good and not financial" proverb, eager to help the capital, but the lack of strong executive power, so that Wu gradually embarked on a reliance on capital, had to rely on capital, but also by the capital "defeated" road.

Many people in the industry are worried about Wu, recently, the industry has been a number of investors and the founder of the "Rush" story staged, and from the inside of the handle came a number of voices, Wu has no longer as CEO of the company. This is not clarified by the official statement of the handle net.

Wu no longer serves as a pull-back net CEO news spread, a handle net former staff to the "First financial daily" reporter told a "from capital traction, to be squeezed by capital" industry samples.

The person believes that it is in the investor's drive, handle the first two years began to enter the rocket-like expansion of the road, which makes Wu management style and management ability from the start-up of small team management inertia, so that Wu more and more deviation from the development of the logic of the enterprise, and when the big environmental catastrophe, strategy and environment conflict, Investors have also shifted responsibility to the founders, narrowing the founders ' power boundaries and undermining the company's innovative genes.

In the Group F CEO Rynning, 24 coupons CEO Du Yinan and other industry, Wu is the kind of strong affinity, elegant, and investors have always been very humble entrepreneurs.

Compared to other group-buying entrepreneurs, Wu got a huge amount of financing earlier. In the handle net just after the establishment of a certain period of time, Wu almost every day to see VC. But Wu also not because to see the project VC too much and selective neglect, any VC put forward inadvertently small problem, Wu may grownups, request product Department first change to say. In the process of selecting VC, in addition to price factors, Wu more rely on the pleasure of communication to determine whether the VC fit.

This may be related to Wu's earlier entrepreneurial experience, and he too needs a like-minded investment partner who can give him a sense of strength.

In the creation of the shadow, because it is video technology companies, money to customers earned, and then started the focus of the real estate network, hard to big, lack of money to sell to Sohu, but because Sohu not so many technology and senior executives, Gong (Focus real Estate Network original CEO) left, Wu helpless to go.

With investors, investors gave Wu a picture of a quick listing. It is a great temptation to Wu for success and desire to prove itself. This year, Wu 45 years old. In the investor "you dare to bet on" the temptation to Ask, Wu A: I would like to play together.

The investor's judgment is that group buying is a scale-driven job, who is faster, the largest, and who has the greatest advantage, and the capital will undoubtedly provide sufficient food ammunition for this model. Within a year, the handle expanded from dozens of people to 2000 people, and in two years it became the peak of 5000 people.

But the situation has plummeted. In the 2011, the global financial environment began to shrink, the shares were hit hard and the IPO market was squeezed accordingly. The quick-listing model, which was set up earlier, was bankrupt. As a result, the handle had to reduce advertising, business, and personnel in response to financial requirements, which directly led to a decline in performance.

Due to performance pressure and management considerations, after consultation, handle investors have sent a person to assist Wu to carry out day-to-day management after the Spring festival, especially in financial control, executive introduction and layoff decisions. In the meantime, handle net original CFO Zhang Yi leave.

Because of the control of human powers, investors sent to the handle, began to recruit foreign management cadres. This led to the resignation of many of the original handle executives, including former vice President Liming.

In fact, there are few ways for the environment to be left to Wu. In the short term, it is no longer possible for Wu to seek foreign capital to help him regain the reins of operations. Last April, the handle net received $111 million trillion in C-round financing, valued at over 1 billion dollars. Because the valuations are too high, it is hard to get new financing through private placement.

"Most entrepreneurs don't know about financial planning, and investors are mostly good at financial arrangements," said Yan, a partner at Rich investment. ”

Du Yinan believes that investors should maintain a good relationship with entrepreneurs, especially in the case of corporate difficulties, to enhance the initiative of the founder, rather than "marginalized", or even a resident agent. As a low profit margin, relying on the size of revenue generation industry, group Purchase Founder's initiative and innovative ability, is a professional manager can not be replaced.

Last year's prospectus showed that Wu and his wife had a 22.6% stake in the handle net, the second largest shareholder. Lin Renjun, managing director of Jinsha Venture, is holding 38.9%.

A person in the industry told reporters that Wu has no intention to handle the management, but temporarily as a shareholder's identity, ready to set up now "away from the field."