Exclusive interview with Wang Gongquan: Investors should worship entrepreneurs. Founding Qingpu is not afraid of losing. Wang Gongquan revealed that since the lead investor in Series A is insurance capital, the state has some security requirements for insurance capital.

Last week, Qingpu Tourism, founded by well-known investor Wang Gongquan, announced that it had received 200 million yuan in Series A financing, which also brought Wang Gongquan, who had been dormant for three years, back to the public.

What has Wang Gongquan been doing in these years? Why did he set up a tourism company? On March 28, Tencent Ventures conducted an exclusive interview with him.

Investors should worship entrepreneurs after free time. On September 13, 2013, Wang Gongquan was arrested by the Beijing Public Security Bureau on suspicion of “gathering a crowd to disrupt order in a public place.” He was released after more than four months.

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In January 2015, the Beijing Intermediate People's Court ruled that the Beijing Municipal Procuratorate should withdraw the case against him.

?What happened in 2013? After that, I was released on bail for more than 2 years. It was not until January 20, 2016 that I regained my personal freedom and was given my passport and all other things so that I could go abroad.

In May 2015, I founded Qingpu.

During that period, my basic activities were to provide guidance to entrepreneurial teams and take classes. Many of my friends in the business community stopped interacting with me at that time, so I was relatively free.

?Wang Gongquan said that at that time, he discovered that the dividends of consumption upgrades were beginning to appear. As a professional investor for 17 years, he was keenly aware that there was huge room for upgrades in the vacation and tourism market.

?In the past, the products in China's tourism market were all extensive, but now consumers prefer vacation products that are more vertical and more in line with aesthetic tastes. The difference between these products is very significant, and the travel and vacation market has just begun.

?Wang Gongquan later found Yang Xueshan, the former director of Beijing Wantong and one of the founders of Hongcheng Education, and Shao Weizhi, the former chairman of the Chinese Student Association of Columbia University, and together they founded Qingpu Tourism.

From 2015 to the present, Wang Gongquan has been focusing on the establishment of Qingpu Tourism without making any additional investment.

?To a large extent, I also want to gamble again and challenge myself again at this age.

?But Wang Gongquan also deeply feels that the mood between himself when starting a business and himself as an investor is completely different.

?Although I have invested in so many companies and dealt with startups before, it is not easy to personally invest in entrepreneurship.

I originally thought that starting a business would save me worries, but it’s like giving birth to a second child. Every piece of money cannot be saved, and every bottle of milk must be fed. There is a lot of work that cannot be overcome. You may know this river.

There are nine twists and turns, but there is no way to save a step.

Build a team, determine the model, the team builds products, and establishes mechanisms. Then there is a new team and some people are not suitable for each other, and then they have to adjust. Sometimes there will be pressure, confusion, and even when the body and mind are exhausted, they especially need someone to comfort them.

`Whenever you find that there are still a few people walking with you who still need your comfort? This is a very difficult journey.

Although I had founded Wantong before, I had forgotten about it after more than 20 years.

Looking back, I have a new experience in investing and being an entrepreneur.

?Wang Gongquan said emotionally.

Wang Gongquan said that after investors have been investors for a long time, they will feel that they are familiar with the industry and the model, and have sufficient understanding of the entrepreneurial team.

But he now discovered that entrepreneurship is a very vivid thing. The things entrepreneurs encounter every day are more complicated and complicated than investors, and they face more difficulties than investors, and they are unavoidable.

?When I was an investor in the past, I didn’t fully understand the stubbornness of entrepreneurs. Entrepreneurs have no chance to give up. They have no way out and must keep going.

Investors should treat entrepreneurs with a feeling of worship and always learn from entrepreneurs.

It's exactly what you can't do to give someone a ride.

Don't think that you are standing on a high post, chirping every day. If you don't scream, the sky will not light up.

not like this.

You have been standing at a high level for a long time and forget it, thinking that you are very smart, but starting a business is really very live, with constant meetings, fights, and quarrels.

Wang Gongquan said that now he spends 95% of his time on Qingpu, and the rest of his time provides guidance to entrepreneurs and does half-day charity activities for inclusive education.

?Since I have to challenge and gamble again, I am not afraid of losing.

? The threshold for making humanistic vacation products is high. I did not conduct market research before starting my business. In the past two years, online travel entrepreneurship has fallen into an overall downturn. Some companies that were once highly sought after by capital, such as Where to Go on the Weekend?, McDull Travel, and Shopping on the Road, etc.

They went bankrupt one after another, and some travel master model projects such as Earth Meatballs did not eventually grow up.

Just last week, Qingpu Tourism announced that it had received 200 million yuan in Series A financing. This round of financing was completed by four institutions including Sunshine Insurance Group’s Ronghui Sunshine Capital, Tianqi Amoeba Capital, and Huarui Shande.

At the same time, Qingpu Tourism also announced that it had reached an equity merger with the domestic boutique resort hotel Huajiantang and became the largest shareholder of Huajiantang.