Why do these entrepreneurs refuse VC: The sea bottom is not bad money the charm of the family arrogant

Popular photo Application camera+ founder John Casa Santa a few days ago refused to venture capital, but also a big foul language, said "do not like investors for the company set the direction", "to the mother of the Wind", on the microblog by people hot. Yes, since angel investors can gang up a book called "Why should I invest in You", the entrepreneur should also have the clout to ask "Why I accept your investment."　　Not all enterprises have to accept VCs, not all companies are fit to accept VCs, not all VCs are worth being accepted by entrepreneurs-and, of course, not all entrepreneurs and entrepreneurial projects that refuse VCs are really "cool". So we can look specifically at the reasons why entrepreneurs are refusing to venture.　　Perhaps, how many will give the entrepreneur and the wind to invest some reference. Thanks to the vice president of Sino-Australian Wealth Investment Co., Ltd., venture capital GUI Shuguang, he according to his own experience, the entrepreneur refused to venture the reason for us to do a very good comb: first, the enterprise "not bad money." such as the seabed fishing. This kind of enterprise in the beginning will reject VC, reason has two. First, there is ample cash flow and there is no need for capital injections.　　Second, the expansion of such enterprises is not only the expansion of the capital level, such as the bottom of the core competitiveness is to talk about services, need to cultivate people, need is time, not capital. Investor attitude: exclaiming.　　For this kind of enterprise VC favorite, frankly if you can vote must be waiting to collect money, but it is investment without door, such as the seabed Fishing Company is responsible for this aspect of the people are not, very helpless. Second, the enterprise involves grey income.　　For example, business models and profit sources are not publicly available information, such enterprises will also close the door to investors. Investor attitude: Investors will still try to get in touch with the company and try to discuss a method of circumvention, such as handing over related transactions to a third party.　　But if you know these circumvention methods do not work, not only investors will withdraw, enterprises will also actively reject external investment, because once the capital comes in, it is necessary to require enterprises to go public, and disclosure is the most do not want to do. Third, the enterprise does not understand the VC.　　Many private enterprises, especially traditional industries, in less developed areas, because entrepreneurs do not understand the investment channel, there is no concept of large-scale financing, they are more willing to use the bank and even friends to borrow traditional ways of financing. Investor attitude: helpless. Gui said, this kind of enterprise in fact many, once met a Beijing suburb to do consumer goods business, the entrepreneur is through a friend introduced to know there is such a way of financing.　　Even the existence of this channel is not clear stylish, for cooperation of course will be conservative and conservative. The founders are afraid of being tied up and don't want to be big. Because the development policy or performance indicator set by the investor can not be accepted by the entrepreneur, it will be rejected. This is mainly to see the mentality of entrepreneurs, is to make the cake bigger, or a little development of their own, as well as entrepreneurs how to see their control of the company. The ultimate aim of the venture's arbitrage is to cause themwill be listed as a guide, the development of a policy and the founders of their own ideas will be inconsistent, need entrepreneurs weigh pros and cons. Investor attitude: For this type of business, investors have to be particularly knowledgeable about each other and have a clear analysis before deciding whether to continue talking to the entrepreneur.　　Entrepreneurs are also, or too optimistic about their own investment will only lead to trouble, such as beauty Jiangnan in the acceptance of Ding Hui investment after the contradictions, so that both sides are not cost-effective.　　Entrepreneurs fear dilution of equity. Investor's attitude: in fact, as a pure financial investors, the vast majority of VC does not intend to control the right, do not want to do industrial acquisitions, not to be involved in management practices. But if the big companies make their own investments, such as Tencent, Sohu investment in some of the same industry enterprises, do not exclude other strategic demands.　　For example, Tencent took a fancy to the logistics distribution system of Xun network, and began with the 2010 strategic cooperation with the resource level, gradually control, has now completed the industrial acquisition. The investor's own financial situation has the problem or the reputation is bad, but is rejected by the entrepreneur.　　The investment circle is also mixed, accept the problem VC will cause trouble to the entrepreneur. Another investor told the Tiger sniffing net that the story was: An American returnee-founded reagent Company (unable to give a name) in 2010 wanted to introduce a VC from the north-east, but venture capital was frozen by other economic problems, and the introduction of the venture was shelved, after which the reagent company refused all VCs and PE, Investors who introduce bad records will drag down the company.