Cai Wensheng entrepreneurship is not only to do the industry first and exit is successfulPosted by: admin | Posted on: February 19, 2017
Abstract: long collar investment Cai Wensheng said about entrepreneurship when you say: you have to find an industry or vertical subdivision of the field, and do the first. In the future of entrepreneurship, not just the Internet, including in traditional industries, the value of the first will be far more than the industry’s second, three.
must be the industry’s first
I remember, when Robin Li back to China to do Baidu, in fact, is to do a search engine provider. When he took the second round of financing from the hands of VC VC, is to let him do is IDC (IDC is based on INTERNET network for centralized collection, storage, processing and transmission equipment to provide data base of operation and maintenance of facilities and provide related services). At that time, Baidu is the strongest IDC business, but Robin Li insisted on their own point of view, that there is no way out of IDC, we must do search engines.
from my own, Mito is beginning to make a fool version of the P software, a Photoshop, but later we found that many girls use it to repair the face, so we went to the direction of homeopathy. So after the beginning of a direction to cut, the process of entrepreneurship is also need to constantly adjust the correction. It is important that no matter how you adjust, you must be the first in the industry, only in this way, you will have value, especially in the Internet industry.
in 2008, we made a company in Xiamen, called Showtime travel. When are we going to do when Showtime travel, my partner asked me: "now with Ctrip, where to go, the way cattle travel industry and other Internet giants, we still have a chance?"
yes, we classified the world down, so some of the industry, it is difficult for you to do the most one in a big industry, but in a large industry will be subdivided, the vertical field, there exists a chance.
at that time we wanted a small direction – travel agency, because the travel agency has not been met, Ctrip, where to go to the intermediate. We understand that there are 12 Chinese 10000 travel agency, the 12 10000 travel agency will not disappear in the next few years, but it is the lack of some of the Internet platform to help, so they focus on Showtime travel travel agency brand, which is a typical segments of entrepreneurial opportunities.
you have to find an industry or vertical subdivision of the field, and do the first. In the future of entrepreneurship, not just the Internet, including in traditional industries, the value of the first will be far more than the industry’s second, three. So, what you need to do now is to think again, can you be the first in the industry.
I remember Li Kaifu teacher said, looking for investors, how to find, find who, how to price, which requires a high degree of attention. It seems to me to find someone who can agree with you