129777271877031250_9Kai-Fu Lee: investment interest towards the social mobile applications and O2O
The China business daily: on the innovation mode of special concern in the industry, the innovation mode of incubator, you also said it was "the stones". 2.5 years, what is your feeling in entrepreneurship? Kai-Fu Lee: we actually claim to be a model, but in fact did not. We also have a lot of good ideas, and want to find some like-minded people to achieve. But with veryEntrepreneur contact after running find, enable entrepreneurs to achieve our idea is very difficult. We hatch pattern has not changed, we will dominate over to entrepreneurs. Is not our idea is not good
tera power leveling, but be sure to focus on doing things, roles clearly. It is impossible for us to do, "investor of entrepreneur incubators", so we are starting to have some adjustment of the role,Angel investments in early and began to increase incubation function, cutting off a pioneering role. The China business daily: you have said publicly that innovation incubation project has three places was a failure, which are the main cause of your? Kai-Fu Lee: the failure rate is very low, then dijiu then there is a problem. Three projects are some of the following issues: one is notEnough focused, wanted to was too large, wise men what are wanted to do; II is too technology of, technology has is badly, then to found user of needs in where, this order upside down has; three is entrepreneurs personal on setbacks of endurance enough, team each other Zhijian of trust and cognitive enough, caused entrepreneurs broke up; four is entrepreneurs themselves of mentality enough mature, are is success on too confidence. ��China business: in two years time, you contact thousands of projects. Do you think, compared with foreign countries, common characteristics of Chinese entrepreneurs tend to have what? Kai-Fu Lee: Chinese entrepreneurs to desire success more strongly than the Westerners, which will cause them to work harder, and the team struggled. We have contact with so many entrepreneurs feel: experience is very important. Part of China's entrepreneurs there are many naive, they often think that venture capital is a very polished, reading well into the school can become Robin, and reading bad Ma. So many role models so that they have an illusion: success is easy. The China business daily: graduated from the innovation team, how do you help them next success? NotBe denied is now hatching out of 18 companies got a round of financing, but their ability to self-hematopoietic is still very weak. Kai-Fu Lee: they need to work with VC, the judgments and recommendations of our industry, VC from the VC business experience. Therefore, we will continue to remain on the Board seat, few parties come together to consider the business model qProblem. Some companies "is not considered income for the time being", it does not mean they have no business model
tera gold, this stage is not so much to say. Furthermore, most venture capital still at the early stage of the competition, afraid of the user running, it is necessary to consider making money without harm user experience issues. The China business: innovation in the early creation of an important investment is AndroidEco-systems, the market is growing fast, but also faced the dilemma of the overall commercial, what do you think of the current Android groups living condition? Kai-Fu Lee: I don't think this is the dilemma, does not require a business making money right away. Any new things out, be sure to first. Same amount once, only money. Of course, we do not blindly on making money. 2010 Android phones there are millions of units, and 2011 is already 60 million. So, last year when we don't make money talks, and by autumn of this year
tera power leveling, Android will have millions of users, that number will go up, and mobile payments more and more, applications are more and more slowly would have to convince users to pay for. The China business: currentView investment for Android has become the Red Sea, then your investment will change? Kai-Fu Lee: we voted in four major niche: the eco-system, new Android mobile phone industry, social mobile applications and O2O (online and offline). In the first two areas, we have voted a lot of items, then we will focus onTwo areas. Extended reading innovation without three people is not going to vote on what he did know, products, markets and no innovation in the field of factory number of people, including an idea of market demand, competitors, such as investigations and summarized. Is not going to vote for the second wise man wants to do everything. This person has a lot of ideas, and want to do anything, but scientists they do very well, and entrepreneurship is neededFocus. Third, not put more selfish, not the integrity of people. Entrepreneurs look forward to a very good economic returns, and want to earn a lot of money, it is beyond reproach, but under the temptation of money, do the right thing, such as disorderly, use various methods to lure others to join, some fraud in the data, and so on, these are not the correct mindset of an entrepreneur. Innovation placeFive characteristics of pet business project is a low-cost business, there are 42 pounds of effects. Second, potential high-value. Outsourcing Venture not to help people do, not by the physical work to make money, instead of social operation, you can get 3 times, 5 times times or 10 times the value. Three is in the high-growth trend. Entrepreneurial project is to get high in a flat marketLong had to steal someone's lunch. Four is a project that has a competitive advantage. Innovation projects, more competitive advantages is the embodiment of functional differences. Five is a pioneering project of introduction of foreign models to localized correction. Pattern drawing inspiration for criticism from abroad, but cannot help thinking directly copied, such projects need to be amended in a timely manner to meet the domestic marketNeeds. Dong Jun finishing
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