Just a few months ago, walking in the Zhongguancun venture Street, financing can be heard everywhere, 100 million, 1 billion, valued at 10 billion. Don't ask what project, as long as the Internet, have a PPT, investors can make money for you, without due diligence. In particular, some listed companies, plenty of spare cash to cash out, lie on the account have no place to go, also took out the investment. Shares, shares, holdings. Internet banking, intelligent hardware, O2O electrical contractor, what chic do! but are fast, investment IBM is also very large, mostly when large shareholders. Why? they are not living Lei feng, the real reason there is only one stock good! listed companies to invest in, just put out a message, said the layout made by certain businesses immediately surged a percent, a 10 billion company by market capitalization, instantaneously jump billions of, so invest 1.2 billion, let alone at all. So for them, in fact, is not in the distribution business and development directions, it is on high your story. This is known as the money stupid, are you coming or not?
And create voted company also as, was listed company this help local rushed of pieces, good project a rising, also of business, domestic of company than abroad to your 10 times, this situation common, and venture company also is cattle, up first asked price, accept on on, not accept even surface are missing, what you said to due diligence survey? voted Shang billion can, millions of tens of millions of you on don't fee that effort has's, some venture company boss cattle of is, directly up pendulum clear, or you with voted's, xxx a has promised voted how many has And we're good, I left you a share point.
These are not jokes, is the story of what has just happened. The world has turned upside down, not just Yang bailao, and Huang Shiren status of transposition, even investors and entrepreneurs by identities changed, this counter attack, plainly still supply and demand relations have changed, a large amount of money into the venture capital market, the high prices across the sector. Everyone becomes impetuous, pages PPT sold tens of millions of stories abound, and now plot reversal once again, stocks not listed companies bought their stories do not work, shareholders are alive, are not available to listen to you, drawing near, so the withdrawal of large sums of money, even before signing the contract or not, appeared broken. To bet there are signed agreements, prepare legal rights for startups. Original love sweet, now soon turned brutal.
Consider also drunk. Listed company certainly is has didn't money, also didn't mood make this has, so PE/VC are does? they also pressure is big, because LP also was stock toss of enough, also took not out how many money to has, more hell of is prospects occurred has changes, yiqian packaging a project, as long as loaded to capital markets Shang quickly on can exit, now this article road has not pass has, new ban has quickly cooling, daily a billion of of trading, has fell has 300 million following, and as shares listed, more is sight. Backdoor or concept is not good to make them now, shareholders have been denied. So VC funds are usually very cautious, and don't tell me the layout, don't talk to me user, you say you can make money of it a few years! Look at these entrepreneurs did when they encountered
Market change, capital changes, industry calm, without so much noise and the pompous, may not be all bad for the true entrepreneur, sometimes money can make us lose our way to cover your eyes, believe and rely on the power of capital, but easy to run, and become a pure capital game. Well, not so much the money, who are no longer with the clock, and not to bet against, and we could have more time to think about the project, think about whether pain point, think of exactly how many users, consider whether the business model was set up a few years later to form industry profits. Where is my moat? where is the risk? how to avoid? really great companies that are good business models, very good profit as a guarantee, which is that you have to answer investor questions. Burn burn the user, don't know how profitable project, some time in the future, I'm afraid there is no market, because this is similar to the business of things, there is a very important premise is only capital withdrawal, and cooling of the capital markets, have made this pattern broken bridges.
We can actually look at 2000 years after the NASDAQ bubble, invest less. Large of venture company died off has, effect innovation has did? no, series Newby of company in 2000 years zhihou stand out, became has industry of leader, and on in we this, several big portal, Baidu, Grand and so on series of company also are contrarian rise, Portal times, and game times, and electric business times, and social times, and mobile times, Internet of development not only no stop, instead increasingly fast, and each times among, large of quality company are is profiteering. So it is that 2 words, were never weaned by capital care companies like baby, never grew up not far away, if you want to really learn to swim, you have to put a life preserver, struggling to find their own feeling to the water. Capital now receding, is the opportunity to force everyone into the water, only the fittest, entrepreneurship and innovation in order to roll forward.
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