yy Lee Colling Philosophy of Entrepreneurship: to raise your head and let history hit

YY founder CEO Lee Colling was a guest in the first 5G vernacular of 2013, and described the experience of YY before and after the IPO and shared the experience of entrepreneurship for many years. He thinks that listing is like winning the lottery. In the face of opportunities, to strive to raise the head of the history of the hit, a company's backbone ultimately rely on a good team.

The 2-hour 5G vernacular was full of laughter. Can see, this period guest Lee Colling individuality is cheerful, and the mood is good. About 2 months ago, last November, the Gathering Time (YY) had just landed in the United States Nasdaq, breaking the nearly 7 months of no Chinese companies listed in the U.S. cold Ice Age.

Donews CEO Wang points out that YY's listing has an impact on the Chinese Internet. From the IPO scale, YY nearly 90 million dollars of financing is not eye-catching, the biggest significance is YY ice-breaking to the domestic company's inspiration. Secondly, it is proved that the IM market still has the opportunity in the vertical field, and then led a group of voice companies.

And the client Lee Colling simply boils down to "do the Thing". He described entrepreneurship as a relentless purchase of lottery tickets, listed as a lottery. April 2005, play more games online line. In the same year, World of Warcraft was officially operating on the mainland. Warcraft is Lee Colling bought the first lottery, and later Warcraft to play the role of the impetus to prove that the first ticket pressure.

That year, Lee Colling bought the most crucial second lottery ticket duospeak, namely YY predecessor. According to Lee Colling revealed that voice software is not like the outside world in 2007 years before the beginning of production, but in 2005 he and his companions to detect the needs of the user, but the original Lee Colling did not think they will develop to now have 400 million of the scale of users.

In addition to the lottery that has been held in hand, there is a lottery ticket being resold by Lee Colling, the dog. Earlier reports said Lee Colling had been selling dogs before starting to make more gaming nets. Lee Colling to reporters to clarify, in more games online 5 months after the line, September 11 online A small project dog, less than a year later to resell the project.

Opportunities like wall throw bricks try to raise the head to be hit by history

Roosevelt once said that life is not lack of beauty, lack of beauty is found in the eyes. Lee Colling's eyes are more about discovering opportunities from the user's needs. Photo sharing site CFP is Lee Colling's first enterprise, as a reporter Lee Colling, was suffering from the process of looking for pictures, resulting in the idea of a network gallery. "A man has more than 6,000 reels of film and wants me to go over it." I was wondering if I could stop this pain? is based on this simple thought to do this site, did not expect to be able to have hundreds of millions of profits. Lee Colling said, "Some things should be done, but no one to do it, I am worried." ”

After discovering the opportunity, Lee Colling next is to "try to raise your head and let history hit". Lee Colling that no company can create history, is the history of the choice yy. He likened the process to throwing bricks in walls, history and entrepreneurs on one side, and history throwing bricks to the other side.

At the same time, Lee Colling stressed that both good at discovering opportunities, but also in the grasp of opportunities after the big determination. Willing to use 60 million of each year's advertising to prove that other people's eyes are not opportunities, to be worthy of their own opportunities. And the initial stage of entrepreneurship, Lee Colling, 10,000 hours of effort to prove. "Working 18 hours a day, sticking to three years or 10,000 hours, or someone giving you 2 million without a crush, is a price." "he said.

For today's yy, music, education, electronic athletics is a new opportunity in the eyes of Lee Colling. He believes that the phenomenon of users like music has not changed, more than 670 billion yuan in the education market even more make him speechless, he also surprised in 10 to almost no one of China's electronic sports, he believes that these three are the blue sea market, is yy future focus on the field.

Excellent team is the backbone of the company

"I'm not the biggest contributor to the company, and the future is not," he said. Lee Colling said.

In his view, the company's most valuable asset is those who stick to the people, these people let him admire. Lee Colling told reporters, YY has a small project called Magic Box, small to team only 2 people, almost let Lee Colling forget the existence of this project. One day they reported upward that the magic box was the first product of the market share. Lee Colling was startled by this report, feeling quite deep, "this group of people the greatest, dry half of the people who run the most famous, but not the greatest." ”

Lee Colling that internet companies can not be evergreen, operating internet companies like surfing, rushed to the waves after the next wave, so the final fight is the team. A good team meets two requirements: first, it has a self-correcting mechanism that avoids decisions made by the head, and secondly, the ability to expand continuously.

For Cao Jin to join, Lee Colling said, the company wants sustainable development, always need fresh blood, to recognize the value of the team later. Entrepreneurship also does not have to start from scratch, if let an integrated management personnel from 2, 3 people start stage, but is a waste.

Unlike the foreign situation, Lee Colling that the Chinese Internet practitioners entrepreneurial process is very short, has not yet formed a cycle. "It is still not clear whether the future can be completed in the next 10 years, not after the founder handover," he said in 99. ”