Zhou: My idol, Mark Anderson.

Early this month, I went to the United States on a business trip to Silicon Valley and finally met my hero, Mark Anderson. The bald-shaven, ruddy-looking hunk founded Netscape at the age of 24, and was thought to have kicked off the internet era in 1994 because of the advent of Netscape's browser.

In business history, Mark Anderson was a loser. Microsoft recognizes that Netscape's browser is a threat to the Windows operating system, so the Internet Explorer browser is bundled by default in Windows. The Windows operating system has a monopoly on PCs, and each computer has an IE browser at the factory, so users no longer bother downloading Netscape browsers. As a result of the "browser wars", Mark Anderson was forced to sell Netscape to AOL, sadly out.

This time I met Mark Anderson and he was surprised and asked me why I tried so hard to see him. I said, I just want to say two words: First you are my hero, when Netscape browser Dare to challenge Microsoft's monopoly position. Second, I want to thank you, your Netscape has planted an innovative seed in my heart, now 360 of the business model is based on the browser.

Netscape Browser opened the internet age in the United States, Microsoft bundled the browser and led to the Ministry of Justice antitrust investigation, the case for the future monopoly giant dare not easily abuse the market position to suppress the start-up companies. In other words, it was the sacrifice of Netscape's browser that gave the US internet more than 10 years of prosperity since 1997. Imagine that without the antitrust investigation of Microsoft, Microsoft would have done the same thing with Netscape after it had been bundled to kill it, or Google would have used the advantage of the search engine to shield Facebook from its users. Large companies such play, the internet in China is not uncommon. Without antitrust laws, the US internet would become as much a jungle environment as the Chinese Internet.

The more times I go to Silicon Valley, the more I can feel the huge gap between the internet in China and America. The gap is not in technology, in products, nor in business models, but in culture. America doesn't care if it has big companies, but whether it has fair market opportunities for small companies. For them, officials and ordinary, the bigger the company, the more likely it is to do evil. American textbooks clearly say that, from the middle of the 19th century, large American companies, whether railways, oil, banks, automobiles, until today's internet, without effective market supervision and legal restraint, have a strong impulse to business interests that would encourage them to do things that hurt the interests of consumers.

Therefore, from the end of 19th century, anti-monopoly law after hundreds of years of practice, like a sword hanging in the head of large companies, so that large companies face the rise of small companies dare not abuse monopoly status, dare not act rashly. Because of this sword, we see the United States in the field of Internet innovation, every five years and 10 years will be the rapid rise of new companies.

But in China, we all favor big companies, big companies represent GDP, represent taxes, represent jobs, and represent stable jobs. We are perfection to abuse monopolistic positions against large corporations, and small companies hurt the interests of large companies because of innovation.

Today we also have a large company with a market capitalisation of hundreds of billions of dollars, our internet population is the first, but the value of the industry and the status of the world, compared with the United States, is still very far. From an investment point of view, the U.S. VC and incubator only for each seed project tens of thousands of dollars, but in China, start-up companies in the seed and angel stage, at least millions of yuan, the failure rate is still very high.

The mobile Internet seems to be opening a new door, but it is also increasingly becoming a big company game. Every time I see a passionate entrepreneur and I see them working overtime all day and night, I think that unless you make a big bonsai, you will someday encounter a ceiling set by a large company. In the jungle of the jungle, once you come out of the way, they can use the monopoly advantage, overnight with your same products bundled to hundreds of millions of users on the computer. How did you break the ceiling? Do you have the guts to challenge big companies?

Now, Mark Anderson has been a famous angel investor in Silicon Valley, and although he has withdrawn from the forefront of his business, he is continuing to spawn the seeds of innovation. Netscape's failure has once again created a stranglehold on big companies through antitrust law, and the constraints on big companies have in turn allowed him to reap a handsome return on investment. This kind of investment activities to further the prosperity of innovation, the United States Internet has formed a positive cycle. Who said that Mark Anderson's failure in the browser was not a good thing for the country, the industry and even his own people?

So, I say, Mark Anderson, as a former loser, has created a great time.