In daily study, work and life, we are all familiar with quotations, which have the characteristics of distinctive views and profound ideological content. Do you know what kind of quotations can be called classics? The following is my collection of classic quotations from Shen Nanpeng, welcome to share.
1. Similarly, I hope the media will have a more tolerant attitude towards funds, especially early venture capital funds. As an investor in an early-stage company, the failure rate is inevitable. We should also face this result and learn from the failed cases (of course, there will be new failures), but paying attention to early start-ups is of great significance to social and economic development and deserves more support from everyone. I believe many media friends feel the same way with me.
2. I feel that the media should first do their homework and understand the basic situation, such as which fund they invested in, who the shareholders are (even though I was a minority shareholder seven years ago) and so on; Secondly, I have been calling on the media to "show mercy" to early start-ups. I don't know the current situation of Chamat, so I can't comment. But I don't think we should use the noisy words "lawsuit" and "dilemma" easily, especially the use of titles and pictures.
3. Let's talk about microfinance. Zhonghe Rural Credit Cooperative also issued disaster relief loans in Wenchuan, Zhouqu and other disaster areas to support the victims to live and work in peace and contentment and resume their lives. If such funds are well managed, the donated money will be used in a rolling way there, which will have good social benefits, and in fact the bad debt rate is also very low.
4. Younis of Bangladesh won the Nobel Prize in Economics for his similar model. In fact, Zhonghe Rural Credit Cooperative has already started such a difficult attempt. The distribution and management of more than 50 poverty-stricken counties are not easy, a team with ideals and negative reports.
5. Visiting Vienna in the rain, the Danube is not as beautiful as expected, and the famous "blue" is not seen. But searching for Mozart on a drizzly night, Strauss's former residence has a different artistic conception.
6. It is a curse, an opportunity and a challenge. One step at a time, the long journey has just begun.
7, the tide is amnesia, I don't know where I heard it, but we also invest in companies hundreds of kilometers away, as long as it is an advantage.
8. Every time I listen to entrepreneurs lament these things, my heart hurts. Entrepreneurs with ideals and a sense of mission have to endure the distortion and sinking of those personalities.
9. Loving life and cherishing the present is the unified knowledge of many overseas classes, whether they are knowledgeable people or fishermen. With such a colorful appearance, there must be a tolerant life and the pursuit of self-comfort.
10, I hope to learn and communicate with many entrepreneurs! I also wish all entrepreneurs in the world can stick to it-whether it is success or failure!
1 1. Several new entrepreneurs in the Internet industry deserve attention. They are all young, product-oriented and energetic, and most of them are starting their own businesses for the second or third time.
12, luck matters. For PE investment, besides finding "good" projects, the rigor of careful investigation is also very critical.
13, the industry will naturally have a process of talent promotion and elimination. Unlike accountants and lawyers, this industry has no special assessment, especially the upfront investment. Every investor has a different background. While expanding the team, the fund should also pay great attention to the quality of talents, because the quality of talents has a great impact on the quality of fund investment.
14, "endless adjustment" is unacceptable to a professional investment institution, and the last two "no" are technical problems. Each project has its own specific terms, and there is no way to compare them.
15, I quite agree with this view. The competitiveness of every industry is composed of several core factors, and in investing in this industry, the human factor is the most important. It takes time and training to establish a strong investment team and a sustainable and effective investment culture.
Expansion: Shen Nanpeng's entrepreneurial story
1998, Shen Nanpeng, who also worked in Deutsche Bank, invested in a software enterprise. He admitted that he underestimated the difficulty of starting a business at that time. Although this enterprise successfully raised funds in the internet boom in 2000, it has not stepped out of the so-called "Red Sea" even though it has tens of millions of sales revenue a year, and its profit is meager, so there seems to be no room for breakthrough.
As a venture capitalist, Shen Nanpeng's reminders and suggestions to entrepreneurs who want to win their favor are:
First of all, starting a business is a high-risk thing, and an entrepreneur should be fully prepared. The vast majority of successful entrepreneurs in the United States have experienced a relatively full preparation stage. On the one hand, it is mental preparation, that is, entrepreneurship needs persistence and perseverance. On the other hand, it is a great challenge for entrepreneurs to persist and endure loneliness when encountering difficulties.
The second is that even if you are in the right direction, even if you have a good team, you may not succeed. Shen Nanpeng said that even though some enterprises did not fail, they never really reached a certain scale and market share, and such examples abound in the field of entrepreneurship.
From the perspective of venture capital fund, is an enterprise worth investing in? There is a "5 1 to 49 rule". No partner can absolutely judge the success of an enterprise when starting a business, but if investors have 565,438+0% feelings or opinions that they should invest, and 49% people have the opposite judgment, this tiny difference ratio can make investors make investment decisions. And those business plans that have been filmed are worthless? Shen Nanpeng said: "It's just that these enterprises get a regrettable judgment of' 49 to 5 1' from investors". The "5 1 to 49 rule" reveals the difficulty and contingency for entrepreneurs to obtain venture capital, and also shows the high failure rate of entrepreneurship. Shen Nanpeng believes that from the perspective of venture capitalists, whether an enterprise can succeed is still uncertain, so entrepreneurs should be prepared for possible failure. Shen Nanpeng said that although the business model is correct, and despite adequate preparation, entrepreneurship may still fail due to the existence of market, competition and other factors.
Shen Nanpeng gave advice to entrepreneurs in the preparatory period: Entrepreneurs should not only be psychologically prepared for failure, but also be technically prepared for the new industry they are engaged in. When making business plans and forming teams, they should fully consider all the elements needed for starting a business.
To prepare for starting a business, entrepreneurs must also be "fickle" and always face changes in the market with a changing mentality. "Even if I look at my own business plan for Home in 2002 today, I will find that the idea at that time was very different from the actual situation today, and the business plan at that time would never predict the actual development faced by enterprises today," Shen Nanpeng said.
Therefore, Shen Nanpeng stressed: "As an excellent entrepreneurial ceo, the quality he needs is to constantly revise his business plan and change his strategy and direction according to the information fed back by the market (market situation and competitors' situation), especially in the early days of the company's establishment, which is even more inevitable. "If an entrepreneur is a fixed person, it is difficult for him to start a business successfully," he said.
The accumulation of experience is very helpful for starting a business. However, the accumulation of entrepreneurial spirit, the prediction of entrepreneurial difficulties and the specific entrepreneurial preparation all take some time. Shen Nanpeng said: "Now, as a representative of investors, I wouldn't say this about a young man: he may be more successful because he is very enterprising." He thinks that a person who comes out of a school may be a genius and have a lot of technical preparation, but if you want to improve the success rate of starting a business, you'd better accumulate some experience in a large institution or in practical work. "There is a slogan in CCTV's entrepreneurship program that entrepreneurship illuminates the future, but being a white-collar worker and a senior migrant worker is also a good future, which is very necessary for entrepreneurship," Shen Nanpeng said. Shen Nanpeng doesn't regret 1999' s working hours in the investment bank before he started his business. That experience brought him a lot of things, and also made a lot of spiritual and other preparations for his later entrepreneurship.
Among the business plans received in Shen Nanpeng, Internet-related business plans account for the highest proportion. However, Shen Nanpeng suggested that people who want to develop in this industry should have a broader entrepreneurial vision. He believes that in China, a large-scale Internet community has been formed. Although the business model of entrepreneurs may produce a second Sina, Baidu or Tencent, the opportunities are getting less and less. When a new Internet product and opportunity just emerged, large Internet groups have the ability to quickly organize their own capital and resource advantages and quickly establish a leading position. Many industries in China have entrepreneurial opportunities. "Entrepreneurs in China should consider traditional industries. Under the premise of the growing consumer economy in China, the possibility of entrepreneurial success provided by traditional industries is very extensive. " Shen Nanpeng said: "Everyone should pay attention to a certain consumer goods or service field with broad prospects in China. In the next five to 10 years, these fields may produce companies worth more than several billion dollars, and I believe these companies will have opportunities. "
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