Xiaoping: Investment in entrepreneurship projects never have to cast a trend to vote for people

Xiaoping founder of the Foundation

News and Information March 20, 21st, by the "Entrepreneurial State" magazine hosted the eighth session of "http://www.aliyun.com/zixun/aggregation/20853.html" > Innovation China 2013 " The spring finals are held in Shanghai today, the competition invited the Xiaoping founder, IDG Capital Founding partner Shong and other industry investors as the judges, and from Guangzhou, Chengdu, Wuhan and other land of more than 40 entrepreneurs and entrepreneurial projects to compete for the final award. News and science and technology will live the entire conference.

Bona fide fund founder Xiaoping just said in the General Assembly, I have voted some projects, the real secret not to cast trends, never to parrot, do not wind, otherwise will die. We have to vote for people, this is our five or six-year study of a valuable thing, this person has learned what, what to do, how to do, if this person in their own business inside do very good, such people generally cast into the general really not wrong.

The following is the authentic fund founder Xiaoping speech record:

Good afternoon everyone, I temporarily share the experience of entrepreneurship. I was on my way to see an article called "Vertical electrical business total collapse", in fact, the vertical electric business did not completely collapse, but a lot of collapse. One is federation one is elegant 100. I talked with them, chatted three or four times did not vote, later Chen Denghua also came to me, chatted two or three times also did not cast. Xu Xiaohui at that time the stock price is more than 40 million yuan, Chen Denghua is the vice-president, we did not vote. Then we cast a federation, and now think federation is over. This is the biggest loss of my personal investment. Now think about, why was so quick to cast, mainly because the boss long more handsome, smoking a drink of wine, loud voice. Wang Feng over there temperament is full, there is indeed the surging power of entrepreneurs, a kind of self-confidence, there is a power, so I cast. We also know that my investment is to see once cast, behind the thing is said, did not get along with him and understand, to tell the truth, if I met two or three times I will vote. I think why in the 2010 years of the electric business mania, the other people have invested a lot of money, I did not vote so much money, also did not throw handle, otherwise there is no hand to pull. Why do I cast elegant 100 of them? You don't want to tweet, I have a lot of words to talk to entrepreneurs.

Xiao Hui gives me the feeling, you really do not say out, otherwise I do not say. He is too literary temperament, I teach English, I still do not know how to land their website. A website that tests words. Xiao Fai I remember paying attention to his microblog, having a child, coming home late every night, the entrepreneur's hardship, Chen Denghua didn't vote at the time, he seemed to have a partner and what business. Later, I told my friends that I regretted that I did not vote. This friend has the experience, told me Xu teacher does not matter, we missed Tencent, missed Sohu, missed Sina, what all missed, but he grabbed a big thing, also good. Another person told me that we never regret, because you never know what it will be. Of course I remember, why, I will vote Federation, and regret. And why?

I did cast some projects, the real secret is not to cast a trend, now is a micro-letter, what is, absolutely do not cast trends, never to parrot, do not wind, this thing will die no doubt. Neither from the data nor from the proposal. When I cast the federation, another person told me that Mr. Xu you cast it, the textile is correct. Yes, the textile is not a man without a textile, right? But federation it is not successful, you can not invest in an industry and the trend. We have to vote for people, this is our five or six-year study of a valuable thing, this person has learned what, what to do, how to do, if this person in their own business inside do very good, such people generally cast into the general really not wrong. But in the investment practice, often there will be a period of investment industry ventilation, 2010 Internet Mania, 2011 is a micro-letter, then how did not think of selling this thing can go to Taobao, Beijing East platform, we all do their own vertical things. So back to think of the experience of the tens of millions of people experience, what is the experience, is actually you do not see what the current hot what chasing, entrepreneurs are talking about. We saw seven or eight of these things at the beginning of last year, and frankly we couldn't. The point is whether the person is serious about doing this, and he's doing it. One of the most important messages in front of the Rojun is to do the figure home (sound) Financing 4.2 billion, a little change to the new technology to do this new concept. So for entrepreneurs, I look at it as an investor, it's important and valuable that you do this and you want to get rich. I hate the word "record", but there's no record of how I know about you, I always know if you're the one to do it. So now think about it, as an investor, although it's important to love an entrepreneur, it's valuable to love a project, but calm down and see if the entrepreneur is doing it.

In turn, every friend in this room, you want to start a business right, you have no ability to do this thing, there is no this competitive, you landscape comparison, any one project, even if you are the first one, you once out, there are copies of the people. How you compete with your competitor's successor and challenger will require a deep understanding of the industry, a strong intuition of professionalism, a judgment of business, and a review of current affairs. So ultimately it boils down to people, now here are people, want to start a business, will succeed, failed to climb up and continue to do will succeed you know.

When I was interviewed by reporters just now, I said, what is the real dream? The real is to vote for a few 10 billion companies, some say 10 billion is RMB or dollar, I said the dollar, maybe we can never do, but we have to pursue forever, this is the entrepreneurial spirit, this is the spirit of innovation, which is also the spirit of the Chinese dream that President Xi said. Let's dream together.