The starting point of entrepreneurship: "Drive Out" entrepreneurs

Source: Internet
Author: User
Keywords Entrepreneurship
Li Jingying Gesanchaiwu's entrepreneurial open class and entrepreneurial lectures, weekly entrepreneurial gatherings, quarterly theme events and annual entrepreneurship summits, these fixed activities have become the starting point of the "signature dish." "We are trying to build the best platform for entrepreneurship training and education because the knowledge and experience of entrepreneurship is not available in schools," he said.  "Charlie said.  At the end of 2011, Charlie and his friend SoftBank China Venture capital partner Sirun and Liu Tianmin jointly launched the starting point of the start-up camp, it was also born with the starting point venture capital fund, a scale of 200 million yuan, which this year plans to expand to 300 million yuan to focus on seed and early venture capital funds. Charlie set the starting point for a start-up business incubator and Seed fund of the venture capital institutions, each of the assigned enterprises have an investment manager responsible for follow-up, to help entrepreneurs optimize their business model, formulate strategies, guidance maze. And a large number of entrepreneurial training courses for entrepreneurs to master entrepreneurial skills, enhance entrepreneurial philosophy. In addition, through some examples of successful entrepreneurs to help entrepreneurs find their way forward ...  These in Charlie view, are the starting point of the core value of entrepreneurial camp. Early "stubborn" Charlie has been in Saatchi & Sattchi, Ziffdavis and other well-known multinational media companies as a management position, after the United States to start a business, has been EastWest Creative, Inc.,  President and CEO of InterPro and other companies, and Mopo, the UK listed company, as its Asia CEO. For many successful entrepreneurial experience, but also the Charlie of angel investors, the early project is a special feeling.  As early as 2004, Charlie the creation of a dragon venture, the dollar Fund is not China's first, largest and most well-known investment agency, but is the most determined to invest in the early projects of the VC fund. But in recent years, the adjustment of foreign exchange policy to investment in the early project of the VC brought obstacles, so, Charlie will focus on the renminbi fund.  Since the beginning of 2010, Charlie has spent a lot of time studying RMB funds, while at the same time contacting many individual and institutional investors in the country. When he told some investors that he was going to stick with his early ideas, he didn't get a full understanding. "I invest in companies from the start-up to listing the fastest 5 years, usually 7-8 years, but this is an incredible thing for some LP, they can not wait so long."  "Charlie said. But "stubborn" Charlie adhere to their principles. "There is not enough time and patience to see the value of early investment; LP (limited partner) without a common belief, even if we can provide more capital, we have our own investment principles." Charlie stressed.  It is reported that the current period of the Fund is set to 10, the amount of investment in a single project ranging from hundreds of thousands of to 20 million yuan, and the final fixed LP in a number of government-led funds injected. CharlieTold reporters that the creation of such a platform, in the final analysis, or because they like to invest in early projects. "There are many ways to make money, but I am familiar with it is interesting and challenging to start a business, invest in an early venture, understand the founder's pain and happiness, and help companies develop from several to hundreds of listed companies, and there is a great sense of achievement when you see the entrepreneur embark on the road to success. "In fact, to do business incubator, Charlie is not the first." As early as the late 90, Charlie and Sirun jointly established the "idea Factory" business incubator project. Recalling the situation at that time, he said that the main want to be successful overseas business model of the Internet companies into China.  Because at that time the Internet was at a low ebb, so idea factory chose to be the investment enterprise to withdraw gradually, make the incubator obtain a considerable return. Charlie said that the current operation of the incubator is broadly divided into three categories: 1. Professional incubators for the provision of rental relief, tax concessions, and support for funds and entrepreneurial training services; 2. A variety of real estate or industrial park projects set up in the name of incubators; 3. A hasty follower who thinks the incubator can make a lot of money easily. Charlie that the lack of patience, the inexperienced incubator for venture capital, will survive a few years, some of which will pay tuition fees in the process, and some will be transformed. "What is truly valuable and competitive takes time to prove."  "Get the Entrepreneur out" now, every month, the start-up battalion receives hundreds of business plans, which are categorized according to the attributes of the enterprise and then selected by the internal evaluation system. Charlie The choice of enterprises have their own habits. He told reporters that because these enterprises are still in the early days of entrepreneurship, only a few people's size, not from the market share to measure the quality of the enterprise or not, the basic direction of judgment is the founder and the enterprise's current business model. "By face-to-face contact with the founder, see if it has the potential to do business." Charlie said, "This includes the vision of entrepreneurship, implementation, leadership and other aspects of potential, but the entrepreneur's integrity is always put in the first place." "In addition, the search for a more comprehensive quality and ability of the entrepreneurial team." "Products, markets, management, finance and so on need teamwork, not a single person can do."  Charlie said he particularly valued those companies that could survive without VC funding, which was an important gene that determined whether an entrepreneurial enterprise could grow up to be a great company on its own.  At present, at the beginning of the start-up camp has assembled a group of entrepreneurial fellow travellers, more than 20 involved in TMT, health services, consumer services and clean environmental protection in the field of early start-up enterprises have become the starting point of the "battalion" business. And these "battalion soldiers" are divided into several types. Enterprises that have not yet been registered and need time to start and determine business models are called "nursery" enterprises; enterprises registered and officially operational are known as "incubating"Industry。  In addition, in terms of office space, "nursery" enterprises may have only one or two public desks, while "incubating" enterprises have relatively independent office spaces. But if companies think they've found a place to settle down, they're probably wrong. "It is impossible for the companies to stay indefinitely, and they have to meet the stated goals within the specified time."  Charlie stressed. For example, the growth of office space is a attributes. "' Nursery ' enterprise after 6 months of development must move to the smallest accommodating 7~8 people at the same time office of the site, and ' hatching ' enterprises to be in 6-12 months time to move to a larger space." "Charlie said," The growth of the outbreak of enterprises can be favored, entrepreneurship is to create miracles, into the combat state of the enterprise will be eliminated.  "From a desk to a small office to a few offices to even half a floor, the whole floor, once the settled enterprise growth to start camp has no more office space to accommodate its team work, the enterprise will move out from the hatch, into the wild to grow savage. "I want them to stay in the incubator as soon as possible, and it's better to get rid of them early," he said.  "Charlie said. In addition, the starting-point venture capital fund will selectively invest in enterprises. According to the discovery, there are already plans to invest in several enterprises. Getty Map
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.