Xiaoping Wang Qiang on Entrepreneurship: Entrepreneurship and team is the key to adhere to the 3C principle

March 20 Night, by Sohu Finance and Http://www.aliyun.com/zixun/aggregation/34205.html "> Peking University Bimba jointly hosted," Daily Economic news "as the joint media of the next big lecture hall-" "Entrepreneurship and Investment" in Beijing University with college students and entrepreneurs, around the theme of "Entrepreneurship and ideals", the Xiaoping founder, founder of the new Oriental and the Great Fund Partners, New Oriental founder Wang Qiang respectively on the above issues made a wonderful speech and exposition.

New Oriental's "Entrepreneurial classics"

"The first office in New Oriental is only eight square meters." Wang Qiang memory said. Ten years later, the new Oriental became the first Chinese private education institution to be listed on the NYSE, Xiaoping, Wang Qiang, and Mr Yu's three-person team "ten years to grind a sword", the "illegal building dangerous buildings" in the training school hit the market value of 5 billion U.S. dollars listed education company.

At present, more and more people in China choose to do business in the sea, in the Baidu term search "I want to start a business", there are 11.4 million results, but most entrepreneurs are in the repeat market already have projects, the real entrepreneurial new trails are not many people.

In Xiaoping's view, entrepreneurial success must be two things, one is idea, one is team. Idea is creative, is the first condition, is also the core of entrepreneurship. "This is exactly what the Chinese students are missing, and the idea needs to be constantly cited, to be proven by practice, with user groups and their own experience feedback, is the threshold of the entrepreneurial process can not be circumvented."

"Based on our seven or eight years of investment experience, no matter how good idea, if not a team, it is certainly impossible." Xiaoping also stressed. For the team's search, he summed up the 3C principle: chemistry (attract, call), complement (complementary), compromise (adhere to the principle, coordination relationship).

In addition, any project starts with the passion, the dream mutually attracts, composes the team, but will one day finally talk about the money and the stock, this transformation is the entrepreneur confusion. Wang Qiang to this example, the new Oriental to today and quickly farewell to "family system" enterprises into the "modern" enterprise management inseparable. One of the most important indicators of the two business transitions is equity.

Xiaoping added that, first, equity distribution should be based on the importance of giving equity to more important people; second, the stock is a mentality, once the deal can not change, this is the core of things.

Xiaoping and Wang Qiang's "self-investment"

Wang Qiang, Xiaoping in the new Oriental after the choice of retirement, to help the entrepreneurial market, in their view, this is a "self investment".

"The 500,000-and-600,000-dollar company I invested in was the 20 million dollars two years later," he said. The other company was 5 million dollars, and I took less than 20%. I realized that an idea could really create some kind of miracle, so I started my investment process. Xiaoping said.

December 2011, Xiaoping announced that its founder of the Great Fund into the 2.0 era, which he harvested the century good margin, poly-Mei excellent products and other enterprises, completed the investment model to the institutional operation of the transformation.

"China is the only place that can satisfy the desire for growth and success." "Last October, Wang Qiang and Xiaoping a row to the United States eight of the Ivy League schools to exchange speeches, on the question of graduating students, Wang Qiang talked about his ideas." He thinks that the advantage of international students lies in the experience of internationalization and global consciousness, which will inject more and more fresh and pluralistic ideas, which is conducive to the development of venture capital and the growth of new production institutions.

For entrepreneurs who want to start a business and have no money to support it, Xiaoping the pledge: "If you have an idea, you can come to us and we'll discuss your project." How big can it be? What's wrong with the middle? How much will it cost? need not to give you a certain fund. ”