Zhou: Friendship investment 100% Failure VC bring the rules of the game

In the Flint software Wusisan and the fast-seeding company Wang there, the reporter got the same answer, Old Zhou is a Superman. However, Superman is not made of iron, originally agreed to the interview time postponed 1 hours. Zhou Overslept. But this is definitely an exception, when the reporter shook hands with the other, the latter palm damp-a sign of fever and flu. This was confirmed at Zhou's assistants.

But in any case, as soon as the interview begins, the chairman of the "Rogue Software Killer" company, which boasts 200 million users, and the "angel" of more than 10 projects, has begun his two-hour sermon with an outline that reporters have outlined for him. At this time, the rumor that has set off the rogue software storm, Yahoo grudges, and charges anti-virus software and so on events such as the Big Brother and "possessed." In the meantime, weeks will occasionally pause because of the need to accept two television stations and a short visit to a foreign media in China.

He blushes himself "very strong" and offended many people. It is inevitable to remind people who have the industry in the blog said: Others are famous around with two small secret, Zhou famous may need to match two bodyguards.

Friendship Investment is a failure

Southern Metropolis Daily (hereinafter called the South Capital): You say Angel success rate can have 20% or 30% is good, you must have also planted a somersault?

Zhou: There is a story in China called Passive, I think success is one day you picked up a rabbit under a tree killed, very lucky. I cast a project of more than 10, half of them died, the cause of death, I later also summed up the reflection. At that time I was a little impetuous, into a do not understand the industry, cast what to do the engine, goat's milk. This does not understand the industry, is really information asymmetry, I like an idiot, just listen to others and you cheat, also not to judge people. In particular, the Internet industry out of people, the traditional industry's judgment is very poor, because the Internet is more simple and simpler. So this failure is inevitable.

There is a kind of friendship investment, finally found that such a vote is absolutely to fail! There is another one is to look at the eyes of people, there is a project, not only I see the eye, a lot of V C also followed me in, and finally everyone's money is gone. It is true that you can only admit your eyesight problem.

We can't do this without being cool.

Nancy: You are pursuing a free theory that also affects the businesses you invest in, don't you worry about their profitability?

Zhou: From the financial point of view, I am not successful, because there is no listing. But I am proud of myself. I vote for a project, not at first to look at the money, but to see if he did a cool product, this product is not a lot of people will use. Even if today some companies do not find a particularly clear business model, but as long as his products have a lot of people use, he can change a lot of people's lifestyle, I think he can succeed.

Nan du: Do you make angels just for the benefit of mankind? We think VC's patience with you is also very strong.

Zhou: old people ask me whether I can do 1 billion U.S. dollars of the company, or 10 billion of dollars of the company, I think it is destiny! I just asked, there are no more people using your stuff, you are not creating value for users. V c sure hope that 360 can be big, listed, each v C can not immune. But I've poured cold water on them, said we can not become Q Q, it is impossible to become Baidu, search we have not been able to do, and q Q did very early, there is a unique advantage, I just said I hope we become a Chinese netizen inseparable from the company, I think it is valuable, but need some time. If the screen behind the taxi is gone, or the advertising screen for the office is gone, people may not feel less. But if there is no Google today, without q Q, you will find it inconvenient to surf the internet. So I hope 360 can become such a company. This is my value, leading my investment.

Software carries ads like "psoriasis"

South: So 360 security guards and your investment in the enterprise to build this free camp, and your ideal state is to be free, and do not advertise?

Zhou: Yes, because I think software is the tool, not the media. Software on the launch of ads like a telegraph pole can also paste ads, you think its advertising value and the newspaper advertising value is the same? Someone can put small ads to each telephone pole, the quantity is bigger than you in the south of the circulation, but never to that height. And the software once embarked on this road, will find ways to let customers see ads, so become some software bomb ads, this becomes rogue software. We have to oppose the software-carrying advertising model, which I think is an unimaginative expression.

South are: Is it just a big user size after the small demand for value-added charges?

Zhou: Some niche software can do value-added services, and like the cool dog, Thunder do big enough, certainly can also explore the business model. But must not look at the profit model very early, I have been emphasizing to look at the product. Including the 360 platform, some products can be done alone may not have a business model, but also difficult to do. But if you're working with 360, it's possible that its product is an enhancement to 360, and it's possible to build a new business model. A ndroid, the first small company to do, small companies to do an operating system is difficult, it also has no business model, if free, the company can not survive. But after working with Google, Google's ability to do a free mobile operating system. For Google's overall strategy, Google can put a search inside, Google can put a lot of Google's cloud computing services inside, Google can get the same value, this is a combination of two chemical reactions.

VC brings a game rules

Nan du: All say you are the more powerful angel, what did you bring to them? except money.

Zhou: I am not humble, I discovered them, I spent my efforts in these enterprises. The first to help them to do planning product strategy, their earliest ideas stereotypes, what is this product to do? To create what value to users? On this basis, help them plan the strategy of the enterprise. We always think that such a small enterprise, need what strategy, in fact, the smaller enterprises, to start-up enterprises, the more need a clear strategy. They think that as long as the name of the Zhou to be able to melt the money, I said I am not so bull, but I have invested a lot of enterprises why can be very smooth to finance? First of all, before you talk to V C, you have to set yourself a clear business plan, you solve a problem, what you provide a product, what is the value of this product, What users it faces. When you've cleared this up, you can easily tell v C. And there is no V C investment, you will do so.

Then these enterprises to establish the initial 2048.html "> Benefit distribution of the capital value, many people do not understand that V C brings a game rules, the decision of the founder of the Enterprise, angel investors, venture capitalists, as well as employees, the backbone of senior management, professional managers of the role, How do you share shares and options? The rules of the game must be open and transparent. Otherwise, V C dare to vote? V C is also a meat bun to beat the dog. Many companies do not do it later, because the capital structure of the problem.

Nan du: Do you and the entrepreneur communicate smoothly in this respect? Will they listen to you?

Zhou: As an entrepreneur first you have to admit that you are not very good. You are still starting a business today, which means you have many shortcomings. Each of us has many shortcomings, and the most important industry is still changing. If especially stubborn, especially conceited, self-righteous person, even because of luck, may also be able to get some results, but ultimately do little.

Second, there must be an open mind, like to cooperate with others, you and investors can be combined? Some people come to me and wish me to help him. But I can not help you, I certainly hope that we have a common interest, I small shareholders, you just share your company with me, I can do my best to help. Again, entrepreneurial success probably need a short 35 years, a long seven or eight years of suffering, will encounter a lot of difficulties, no toughness. This is my three basic requirements for entrepreneurs.

Source: Southern Metropolis Daily