Investment is a venture to help companies succeed

 Although I am a Eupolyphaga origin, but over the past few years, hundreds of which I now venture investors, many multinational companies are dealt with. I know how to help them build consensus. I am also very good at a startup company from five to stage five hundred people, the middle will encounter many problems, but I know how these issues resolved. this time is a business, and this business if it can help companies succeed, how do you know will not be among them produce a QQ, and then create a grand, and then produce a Sohu, Sina and those of us who do
to angel investors in the form of consultants, will help bring a lot of entrepreneurs, I, I always think that I necessarily So thanks to my IDG vote of 25 million dollars, in small numbers, but I am very grateful at the time of my money to give me the money.
thank IDG second in the past six years, the grasp of major policy decisions in the business of daily Management gave me a lot of help in
Moderator: You mean it will make some things go beyond a single enterprise?
Zhou Hongyi: do it again the same thing 7 years ago, what progress I do?
Now I have a very rich experience in the Internet, and I plan on how it is a startup business model, how to develop its strategy, how can the implementation of the strategy it should be said that I was very strong in this area. I Although it is a Eupolyphaga origin, but over the past few years, hundreds of which I now venture investors, many multinational companies are dealt with. Chinese language local entrepreneurs with foreign venture capital is not docked, I know how to communicate, how to help them consensus-building. I am also very good at a startup company from five to five hundred of the stage, the middle will encounter many problems, but I know how these issues resolved. For those who have no experience, he encountered a problem that the threshold certainly make life difficult for people who have done business, this is a very simple question.
Moderator: opportunities for entrepreneurs is the largest on the Internet.
Zhou Hongyi: I was very confident of China's Internet, Chinese Internet of the next decade will be better than the last one decade, China is a well-deserved power the Internet, the information industry, especially the Internet to the Chinese people as a basic starting line with foreign, and I very optimistic about this point, I will not leave the industry.
there are so many bright young people, so many people localization, future multinational companies in China can not monopolize the Chinese market, not the same as the CPU and operating system monopoly of the Chinese market, the future must play a leading role China's local enterprises, local Chinese team. I've always believed the problems of large companies is innovation enough, regardless of Yahoo, Sina, Sohu, without exception, have such problems, the future of small personal website, small companies which will emerge a lot of innovation.
Moderator: In addition to not repeat ourselves but there is no other reason you do to promote investment?
Zhou Hongyi: I have a company if they do it again, I might just do again soon 3721 re big, then what is the point? turn, I play a role in helping many local business groups in China, helping Chinese companies go to a lot of local small business success, for me, I also participated in their business. In my energy, may I also helped five or six, Seven or eight or even more businesses, so that they unnecessarily so much like I do After groping, throw so many fallen.
to share my knowledge and experience to them, help them and the international of companies to compete, how and foreign venture capital investors deal with how to straighten out the business model to address the rapid growth in the company among their problems.
this time is a start, and this business if it can help companies succeed, how do you know that among them will not produce a QQ, and then create a grand, and then produce a Sohu, Sina it?
Moderator: That 3721 their investors how to do?
Zhou Hongyi: China's Internet market will be more fiery, more and more segments. IDG gave me the first money, the latter gave me a lot of help, it is also involved in my business. They also shared my success, whether it is of interest, or their reputation.
IDG Venture Investment to China that foreign companies bring good rules of the game, unlike those traditional businesses in Zhongguancun, enterprise architecture, business interests on the inherent distribution mechanism, so many enterprises do not, doing doing casual, or many companies born in wilderness, not with the times, can not accept the request of the Western capital markets can not be a good game to the introduction of Silicon Valley, so never be Silicon Valley, Zhongguancun. Zhongguancun If it is just build some buildings, get some government venture capital, can not be Silicon Valley.
Silicon Valley like we said, the only innovation, as innovation is not only successful, we all publicity Apple, you do not see it behind the venture capital, venture capital did not see it bring a range of business people. We have seen publicity when Jerry Yang of Yahoo, if there is no risk investors give them money to build a good enterprise architecture, made to attract more talented people to join, if you will be able to rely on Dr. Yang made the two dollar company with market capitalization of 50 billion? impossible.
Moderator: You mean behind the system?
Zhou Hongyi: Silicon Valley has a good framework to attract more talent and turn it into a business, and do it bigger success, listed after the founder of the team, employees, investors, everyone can share in this success, which is the risk investors to China the most valuable thing, which is the heart of Silicon Valley.
the past, many experts and professors from call to innovation, government support to industry, these are not important, never heard what the United States preferential policies for software companies, What is free enterprise on the Internet, which is not important, China's enterprises can be a good game to introduce the West to make between employees with the company is not a simple relationship between employment and are employed, we can share the success. makes My company can introduce a lot of investors, together we can expand, by force, the creative from 1 to 100.
I never believe that a creative idea can be a cause of a great success, many enterprises in Zhongguancun original or is no investment, because there is no good mechanism, we can not vote, voted do not know what will happen the money. or is Ge Jige do business made money, and divide it dirty uniform, a business into five, no One can do great. Chinese people a lot of landed gentry, that investment is sold themselves, the entrepreneur eventually ran.
Moderator: Your investors have this problem with IDG?
Zhou Hongyi: I know him from IDG they do the operation. dealing with venture capitalists so many years, I want my experience and energy to enlarge the Internet industry in China to more, I might venture to expand the connotation of the word, I will help a lot of entrepreneurial start-ups success, so my sense of accomplishment even greater. like, like IDG, IDG is proud not to say that in China, earned a lot of money, but that he helped many business success in China. In some companies need help, they help, not IDG , the introduction of this concept is not the West, China's Internet development can not be so fast.
the development of Silicon Valley, why so good? Silicon Valley, there is something you do not see many people in the entrepreneurial success of Silicon Valley after the listed company or or sell later, some people may well do a business, but more people chose to do venture capital, or to venture capital, they will give a number of new enterprises as a consultant, when the independent directors, as independent investors, to help faster growth of these enterprises, it becomes a virtuous cycle of Silicon Valley.
Host: China is far away from you?
Zhou Hongyi: When the Chinese Internet, I told Charles Zhang, Ding Leiji touch the stones are too River, why do we burn? is no one pointing. China's Internet in order to form a virtuous cycle, can not say that the next decade, and today I see many young people, they are fearless courage, their sense of lack of commercial maturity They may be a IDEA, if no one pointing them dash badly beaten, many people may not be successful, many people will make detours, some people may therefore fail. If these people can put our experience, our experience back to the industry, not back to a business, I can help an investor to do more business success, which is under China's Internet development quite the sense of a decade, so the first person I want to do this . I did the first person in the future Tang Yue, Zhang retired, they may also do this role.
Moderator: invest in the capacity of your current age is not too early to
Zhou Hongyi : They are easily the directors do you think? will be very tired. Many of them are poor and two hundred companies, in addition to faith, creativity, passion. You're like the same nanny, you have to tell them a lot of things, it is actually quite hard. I see it as a challenge to the process of learning, no matter how I feel about myself and I was in a particular field such as very deep understanding in the search area, such as entertainment, online music, wireless, these things I do not see hot know more than you. I talk with you to understand through the day, received the new IDEA, for me, very interesting. I have to read some startups, like I saw seven or eight years before me, I know what mistakes they made, and I know they are not I so lucky, I know they did not like the flies, a lot of teams do not have the ability to turn their good ideas to achieve them.
chair : Do you go to school to teach it? Since there are so many ideas.
Zhou Hongyi: Teaching is pointless. I never believed in the Business School, tells about the kind of thing, the best is the words and deeds, go with them do. In addition, the process of doing business continue to experience problems, in the process for help and learn. was the king of IDG power is so right for me, I encounter any problems, he gave me a clear direction instructions, specific how to operate, he just do my own, I will not pre-empt what companies do to CEO, these entrepreneurs will develop through their own experience in the operation, they will grow up.
entrepreneurial passion and enthusiasm is right, But you do not realize that a harsh reality? 99% of business is doomed to fail, do not think he was a Superman, Man proposes, God disposes.
2000, when Internet companies have hundreds of companies to get venture capital, from the tens of millions of dollars to several million RMB have, until now survived 99 years is 1-2% success rate. business is brutal, must have a full understanding of difficulties encountered hardships and setbacks , shoal, reef, traps, cliff, there must be a full appraisal, how estimates are not conservative. calm face of possible failure, defeated, perseverance to succeed.
Moderator: It seems that you subjected to a lot of torture?
Zhou Hongyi: Using the successful experience of someone who has the times to improve their ability to make you avoid many problems. we, people with angel investors in the form of consultants, will give a lot of entrepreneurs to bring help, I am very confident that should be very large. as I always think that I may not vote for me so thank IDG for 25 million dollars, in small numbers, but I am very grateful when I can give the most money I'm money. The second thank IDG in the past six years, the grasp of major policy decisions in the enterprise, daily management of a lot of help and pointing to me.
I think the fact that the value of more than a lot of money. startups may have missed to completely wrong, who's a key pointing more than a few million. your whole management wrong, even give you a million, in addition to the money then you die faster, what will help? Today I come into contact with a number of start-up companies, I feel that they are confident are right, but from the self-confidence is not right to own, too many start-ups a bunch of Mao Haizi, never played even work, not to mention hundreds of people management experience. IDEA that there is a bit of money can be successful, others will not give you investment, this money will be wasted.
Moderator: recognize this is a process for you, right?
Zhou Hongyi: I took part in the entrepreneurial process, I will lose everything possible opportunity, whether I am to my competitors or partners, regardless of any success or failure, I will learn from them.
I or investors in Silicon Valley or the right people in the industry will be hit Ask them how they, I have a thick skin, run into unfamiliar also said that you do it our consultants, our directors do it. I am a good Internet connections inside, because I will cheek to ask people to directly go to Sohu Zhang to ask him to find, to Wang Zhidong, to Ding for advice. discussions with venture capital, even if he gave me out, I talk with him.