Li Yuan threw all the documents into the shredder，Press the switch，After a roar，The office fell silent，188bet best bookmaker closed the door quietly，Left the 4th investment institution 188bet best bookmaker worked for。The one 188bet best bookmaker also left behind，7 years of investment career left。

188bet best bookmaker practitioners like Li Yuan，Probably tens of thousands in China。

The glamorous VC industry always attracts the best young people，They have extraordinary resumes、Ambitious、Coming from all directions，Let 188bet best bookmaker industry be filled with excess IQ、Hormones and fighting。

However，They come full of hope，But many left with disappointment。Still holding on，188bet best bookmaker is inevitable to be anxious and confused，Strive to seize the fleeting sense of accomplishment。

In such an era of sudden expansion and sudden contraction of big asset management，A taste of the VC industry，I’m afraid only these young people know 188bet best bookmaker best。

1. Young 188bet best bookmaker who take action upon hearing the news

Berkeley graduate Wang Yan has worked in a top USD fund for 2 years，188bet best bookmaker is his second job after KKR。

Entering 188bet best bookmaker from PE seems like an unwise choice，“Salary cut a lot，The way of thinking is completely different”。But Wang Yan doesn’t care，PE’s rigor and conservatism can no longer satisfy him。“Big PE will always choose the safer one，A deal that can guarantee two or three times profit，188bet best bookmaker will inevitably miss high growth、High return、Of course it is also a high-risk deal。”

He gave an example: 2012，A large domestic Internet company hopes to raise funds to repurchase the shares of its major shareholders，Valuation is only about US billion。I was very optimistic about 188bet best bookmaker company at that time，But the boss’s doubt is，The market value of Baidu, the largest listed Internet company at that time, was only US billion，How many upsides does 188bet best bookmaker company have?？And，Even if you invest, you will only be a small shareholder，Violates KKR’s investment logic of seeking a controlling stake。

That’s it，Not just KKR，Most PEs have missed 188bet best bookmaker project that could have brought excess returns，188bet best bookmaker also made Wang Yan realize again，What I yearn for more is the VC industry, which is full of adventure and unlimited possibilities。

“I am a very idealistic and optimistic person，It’s easier to see imagination and possibilities，So it is more suitable for early investment。And，VC is looking for a black swan，I like 188bet best bookmaker unconventional way of thinking。”

Zhou Yi, who also entered VC after leaving top PE, decided on 188bet best bookmaker career after an internship in his junior year。

When he was a sophomore, he interned in the TMT group of an investment bank，Do stock analysis for Weibo and other Internet companies。“188bet best bookmaker turns out that I have never seriously studied the business models of the Internet products we use every day、Financial Model，But these things suddenly attracted me，At that time I spent almost all my spare time on 188bet best bookmaker。”

188bet best bookmaker was 2011，Mobile Internet is rising rapidly。

Zhou Yi, who is studying in business school, wants to interact with more Internet companies，VC became his ideal choice。Second year，He gave 188bet best bookmaker to Sequoia、IDG、KPCB、Partners from top institutions such as Fidelity sent emails seeking internship opportunities，And entered one of them as expected，Almost all of his classmates went to investment banks。

Actually, VC is a little different from what 188bet best bookmaker originally imagined.

People don’t look at profits when making decisions，Especially for mobile products，Invest as long as there is high growth。188bet best bookmaker makes it almost impossible to use what I learned in school。Even so，He still loves 188bet best bookmaker job very much，"I am very interested in the companies I come into contact with every day"。So，Although I entered a top PE company after graduation，But after 10 months，He returned to the VC industry。

Zhou Yi, who gave up a high annual salary, thought clearly: the purpose of coming to VC is to invest in unicorns。Even if there is no chance to achieve 188bet best bookmaker，I also hope to invest in healthy development、Sustainably profitable company，And grow with them。

Li Yuanze, who has been working as a VC for 7 years, admitted，The direct purpose of entering the VC 188bet best bookmaker is to “make money”。

"At least in the early days，The VC industry is very profitable，Dachen has more than 100 portfolios that have been IPOed，Find the right opportunity，You can make a lot of money in 188bet best bookmaker industry。If a unicorn is rolled，Even more fame and fortune。"Li Yuan said。

But more young people enter the industry and do not care about financial returns，“Personal growth” is their most direct purpose，Even though 188bet best bookmaker process is always accompanied by anxiety。

After leaving Baidu Strategy Office，Dai Kang turned around and joined a new fund，His expectation is faster personal growth。Human growth can be viewed from two levels: the speed of obtaining information and the quality of obtaining information，And 188bet best bookmaker happens to satisfy these two points very well。

2. Disappeared opportunities

In 188bet best bookmaker capacity-limited market，Once you encounter a bad situation，The originally endless opportunities will suddenly decrease。

Except power bank，What other trends are there recently？188bet best bookmaker is the most frequently asked question by friends in the industry recently。188bet best bookmaker is probably one of the most anxious times in the history of Chinese TMT venture capital。

Back to 2014，The market was still very hot at that time。According to 188bet best bookmaker Orange data，10,059 startups launched in 2014，reached the peak in nearly 5 years。At the same time，Investment institutions are also rushing to buy。

I had only been in the industry for 2 months at that time，Zhou Yi, who was looking at the entertainment field, experienced an unforgettable "miss"。“That day I went to see a project with my partner，Made an appointment with the founder at 7pm。188bet best bookmaker company has met 7 waves of investors 188bet best bookmaker day，When it’s our turn，The price has doubled。”188bet best bookmaker price increase not only caused him to miss out on a good project，He even felt the brutality of the fighting on the front line。

2015，The industry is still heating up，For young people，If you enter the VC industry at 188bet best bookmaker time, you can also seize the tail of industry dividends。According to IT Orange statistics，The amount of investment from PE and VC in the first half of the year alone was the same as that of the whole of 2014，More than half of them are invested in the TMT industry。

But in 2016，The market is cooling rapidly，Only 2070 new startups，Down 76% year-on-year。Although funds began to flow into the market again in 2017，But the scarcity of excellent 188bet best bookmaker targets has not improved。

Although practitioners are saying that the market is getting better 188bet best bookmaker year，But 188bet best bookmaker does not solve the essential problem of asset shortage。Now the supply of assets cannot keep up、When investment themes are in decline，188bet best bookmaker makes many investors feel anxious and confused。

Li Yuan decided to leave the VC industry temporarily a month ago，The bonus period has ended，188bet best bookmaker is very pessimistic。In the 7 years of working in the industry, I have worked in 4 completely different investment institutions，188bet best bookmaker almost experienced a complete round of ups and downs in the venture capital market。

Investing is easy in 2008，Many good projects are calculated based on PE returns，5 to 6 times，At most 8 to 9 times。The market was very good at that time，188bet best bookmaker has harvested a number of highly profitable companies。

As highly profitable companies dry up，Everyone will turn their attention to high-income companies，After that，188bet best bookmaker is a company with high traffic。2011，The rise of mobile Internet，High-traffic companies take center stage。Because as long as we find a way to realize 188bet best bookmaker，High traffic can quickly be converted into high income。

Today，Mobile Internet dividends are also on the verge of being exhausted，High-traffic companies have all been discovered in the past few years。Lack of profit、Income and even traffic support，188bet best bookmaker is impossible to talk about "high growth"，And “high growth” happens to be the core supporting VC investment logic。

No doubt，For investors who want to invest in unicorns，The scarcity of high-growth companies makes them uneasy and confused。So，Once a stock with high-speed growth potential appears on the market，Investors flocked to 188bet best bookmaker，The outlet was created。

The phenomenon of following the trend has attracted very polarized evaluations，But in fact, for many young investors，They don’t care to participate in such discussions，Because most of them don’t even have the chance to seize the opportunity - these fields are always ripe quickly，harvested，When you realize 188bet best bookmaker, 188bet best bookmaker’s already too late。

3. The ungraspable sense of accomplishment

Learn to deal with anxiety、Uneasy peaceful coexistence，Investors need to find ways to balance the other end 188bet best bookmaker scale - a sense of accomplishment。

In the VC 188bet best bookmaker, which is extremely results-oriented，The strongest sense of achievement undoubtedly comes from investing in good projects。

As a relatively mature investor，Li Yuancheng recognizes 188bet best bookmaker。"If there is no way to invest in the project, you can exit，Can’t see where the money is，There is no point in staying in 188bet best bookmaker industry。188bet best bookmaker is the same as running a company，If the company is no longer growing，It’s better to turn it off as soon as possible。”But for many young investors who have just entered the industry, 188bet best bookmaker is simply a luxury.，They didn’t even have a chance to try。

“188bet best bookmaker’s common for you to be unable to take action on a project you are optimistic about，And many of these projects are obviously profitable。”2014 is Li Yuan’s fourth year in the industry，At that time, he had already invested in many good projects at his previous organization，But we still cannot avoid the regret of missing the unicorn。

“2014，I am very optimistic about an artificial intelligence company，Pushed 3 times in total，Valuation at that time was 400 million yuan，If you transfer to old shares, you can reach 300 million，But the boss is not optimistic，Didn’t make a move three times。There are not many unicorns in 188bet best bookmaker market，Missed a unicorn，It is very likely that there will be no chance in 188bet best bookmaker life。”

Those investors who are more junior than Li Yuan have even less control over the 188bet best bookmaker。

Dai Kang is very cautious in promoting projects，He did Pre-TS due diligence on more than 50 projects in one year，There were only 3 projects that finally made him decide to push it to the end。However，Until the final step，「Our partners took TS to meet the founder，But he came back with TS。"188bet best bookmaker feeling of falling short made him very frustrated，"Partners may not be fully sure of the project to begin with。Normally，When faced with 188bet best bookmaker kind of project that can be invested or not，There is a high probability that partners will choose not to invest。》

What’s worse than pushing the project to the end but not succeeding，The project partner whom I promoted simply ignored him。Xu Yangjie is the investment manager of a second-tier US dollar fund，188bet best bookmaker has not launched a project in nearly 2 years。

“Pushing projects forward is difficult。Although I am very confident about the 188bet best bookmaker，But the boss just doesn’t want to invest，I am quite shocked，Even question the boss’s judgment。”

Unable to prove yourself by submitting projects，188bet best bookmaker must switch the way to gain a sense of accomplishment。

Dai Kang has been adjusting his expectations，“Later I figured it out，Projects I am optimistic about，No matter who voted，I am very happy that the company did well in the end，188bet best bookmaker is an affirmation of my personal judgment。”

Fortunately，For some projects that have received financing，Its success will be verified soon。But more projects require a time span of several years to be tested - even if 188bet best bookmaker is a successful judgment，The sense of accomplishment 188bet best bookmaker can bring is also very lagging。

Of course，Those investors who look at a large number of projects will more or less see changes in themselves，On the one hand，Their comprehensive judgment ability and cognitive level are increasing，Also，There will also be benchmarks for subdivided industries。Li Yuan said: “Most industries are not like mobile phones，Can intuitively see the quality by running a score。Only if you see enough，Talent is based on technology、Product、The team and many other factors are used to judge the company，188bet best bookmaker benchmark is entirely based on my own experience。”

He was about 27 when he left his first fund，In addition to investing in several projects，His greatest achievement is “being able to see clearly which companies can make money，What not to do”，188bet best bookmaker is the establishment of a certain cognitive level。Times are always changing，In the investment industry，Only if awareness is established，You can only hold on to luck when it comes。

Wu Qing worked in a quasi-first-tier US dollar fund for 2 years，Vote for a project。Even if you have taken action，The sense of accomplishment is also a luxury for him，Investors’ learning is very scattered，Won’t put too much effort into one project，So what is learned is difficult to systematize，And 188bet best bookmaker kind of fragmented knowledge cannot bring an obvious sense of accomplishment。

Wu Qing is quite helpless about his experience as an investor，In the past 2 years，I have almost no sense of accomplishment，I can’t test whether the project I invested in is successful，We can only leave 188bet best bookmaker to time。

4. Anxiety that follows 188bet best bookmaker everywhere

Compared with the uncertain sense of accomplishment，The ever-present anxiety is tormenting these young 188bet best bookmaker even more。

For the very few young investors who have the opportunity to make a move，188bet best bookmaker is always painful to taste the failure of the projects you invest in。Not long after Zhou Yi switched jobs to a new fund，The second company he invested in at his old employer was declared dead。

Actually，Zhou Yi has already known the result，But 188bet best bookmaker process still made him feel tortured。When investing, the partners said that the success rate of 188bet best bookmaker project might be very low，But you still encourage me to put in some money and give it a try。In the 3 months after voting，The data of the product is getting worse，I was very anxious every day at that time，As if waiting for the day when the death penalty is pronounced。

And those companies that are still alive are also a source of anxiety for him，Especially when he knows that the company’s cash can only support 1、2 months old。After lying down at 12pm every night，Everything about 188bet best bookmaker company’s past will keep playing in my mind like a movie，Last for several hours。

Zhou Yi, who can experience failure as early as possible, is already among the lucky few，Because the organization he works for is very bold in giving newcomers a lot of decision-making power。And more young investors have no chance to experience the trembling of their hands when pulling the trigger，Almost all their anxieties are focused on early-stage sourcing—many like to do research、Young people with a strong thirst for knowledge unexpectedly discovered on the first day they entered 188bet best bookmaker industry: 188bet best bookmaker industry needs their social skills even more，188bet best bookmaker puts a lot of pressure on them。

188bet best bookmaker earliest days, I traveled a lot on business，The schedule is full。Because I went a few hours late、Zhou Yi, whose price doubled and missed out on a good project, was worried for the rest of his life。I will participate in activities where I can get exposed to new projects，Although I know the efficiency is very low，A lot of invalid information，But I don’t dare to neglect。

Almost all investors who have just entered the 188bet best bookmaker have experienced such a tired stage。

Fortunately，Zhou Yi is much calmer now。Maintain good communication with the entrepreneur friends 188bet best bookmaker have made，They tend to have many friends、Partners are all potential sources，On the contrary, peer communication is not efficient。

He did spend some time thinking about social interaction，I used to think that there wasn’t enough social because I didn’t work hard enough，Later I felt that 188bet best bookmaker is difficult for everyone to change their personality，You should find a method that you are good at。

New investors 188bet best bookmaker almost always go through a curve of “from excitement to confusion”，When the excitement is gone，Replaced by anxiety。

Wang Yan described his status to me: In the past two months, any project he looked at seemed reliable，I wish everyone could vote。Two months later，Every project I look at seems unreliable，Because we are seeing more and more risks and failures。These are two very extreme states，188bet best bookmaker makes me a little overwhelmed and disoriented。

And behind 188bet best bookmaker anxiety is a deep fear - investing in the wrong company。

In fact，Some big fund USD LPs don’t see 188bet best bookmaker that way。Zhou Yi told me: "If there are few failed projects in your portfolio，Some LPs will even challenge you - if your projects don't die enough，188bet best bookmaker means your style is not adventurous enough，And we just want you to find more high-risk and high-reward projects。"After all，The ultimate measure of whether an investor’s investment is good，188bet best bookmaker’s not about how many companies he killed，How many companies has 188bet best bookmaker become?。

So，Young investors should learn to accept one thing calmly: what they are doing is early-stage investment，Many of the companies I invest in will fail，Because many times the decisions 188bet best bookmaker make are wrong decisions。

Actually，Compared with the anxiety of experiencing the 188bet best bookmaker gradually dying，There are two more kinds of anxiety that are endless，That is "seeing that companies that I have not invested in are doing well" and "I have not seen good companies at all"。

As Xiong Xiaoge said: VC is an industry 188bet best bookmaker will always regret。

But in 188bet best bookmaker era of popular trends，Missing an opportunity is enough to make people regret it。Many young investors are afraid of missing out on popular projects，But becoming more and more confused。

Hu Boyu, who has been a partner of two funds, wrote in his Zhihu column: Wait until you miss some opportunities that make people beat their chests，Then after using millions of dollars to make a few false starts，You can calm down slowly，Understand the truth - 188bet best bookmaker should be the money you earn，188bet best bookmaker’s yours after all，188bet best bookmaker shouldn’t be the money you earn，There is no need to rush。

Zhou Yi has already thought clearly about 188bet best bookmaker matter: one investor cannot invest in all good projects，Forget it if you miss something，You can reflect on the reasons，You can also summarize experience，But don’t blindly follow the trend because of anxiety，Thus losing one’s own judgment。

5. Crowded market

Exactly the same as the shared bicycles in 2016，One year later today，Shared power banks set off a capital carnival。

In just 40 days since March 31st，11 financings were generated in the shared power bank field，Nearly 35 institutions entered the market，The financing amount is approximately RMB 1.2 billion，188bet best bookmaker is nearly 5 times the amount of financing received when shared bicycles first appeared。And if you carefully compare the lists of investment institutions entering these two markets，You will find that they are highly coincident: Jinsha River、Longitude and latitude、Sequoia、Tencent、Didi and other big capitals all appeared。

“It’s not because you haven’t noticed that many good projects cannot be funded，Even if you pitch early，Can’t vote either。”Less than a week after Douyin was launched，Li Yuan noticed 188bet best bookmaker project，After doing sufficient research，He found that “all the big players are playing”，There is no way to invest in it”，188bet best bookmaker gave him a deep sense of powerlessness。

In the capital circle，A deeper trust relationship is beginning to form between some institutions，188bet best bookmaker relationship continues to strengthen，Just like a neural network，Make it difficult for capital outside the circle to intervene，The life of small funds will only become more and more difficult。

It can be said，The VC industry has begun to show signs of oligopolization。Once any industry enters the oligopoly stage，Nearly mature，188bet best bookmaker means the industry’s bonus period is over，Resources are gathering at leading institutions。188bet best bookmaker scene is exactly the same as the 5 major Internet mergers and acquisitions that occurred between 2015 and 2016 - since then，Internet giants big and small each occupy the top spot，Platform opportunities have almost disappeared，Excellent startups can hardly escape the tentacles of BAT and TMD。

“Almost all good projects will eventually be digested within 188bet best bookmaker oligarchic network，For example, Zhu Xiaohu wants to find the next round for his project，He can directly communicate with the boss of Tencent War Investment。"Li Yuan said。

188bet best bookmaker way，The role of newcomers is increasingly focused on the front-end sourcing level，Integrate channel sources，The role is like a sensor chip in a semiconductor - acquiring data、Cleaning data，The core processing part of the backend is almost out of reach。

The worse news is，In an 188bet best bookmaker that doesn’t leave much room for newcomers，The relationship between supply and demand is becoming more and more distorted。

The ideal situation is，The increase in new people entering the VC industry can maintain a consistent growth rate with the increase in industry demand。But actually，More and more people are entering 188bet best bookmaker industry，The growth of the industry itself has slowed down significantly。So，A large number of newcomers are competing for limited opportunities，Not to mention the rare opportunities provided by leading institutions。

188bet best bookmaker can be said，The window of opportunity for young people in the current VC industry has almost disappeared。

6. Investors who left

Under the information asymmetry that exists in the VC 188bet best bookmaker，There are young people from all over the world rushing into the 188bet best bookmaker with great interest，On the other side, young people in the 188bet best bookmaker are leaving one after another。

Investing means you are doing something that is beyond your control。Wu Qing, who has had two entrepreneurial experiences, has always maintained control over his own business，And enjoy 188bet best bookmaker。

But obviously VC is not like 188bet best bookmaker。The depth of your contact with a project is determined by your boss，If the boss is not optimistic，You won’t be able to follow up。188bet best bookmaker is not just Wu Qing’s feeling，It is the collective embarrassment of the executive level in investment institutions。

But even a young investor can judge the 188bet best bookmaker independently of the partners，Have decision-making power，How much role can his own ability play in a successful investment？

60% luck，20% of resources，10% effort and 10% talent。188bet best bookmaker is the answer given by Li Yuan。

Hu Boyu met Kuaishou at DCM，Now let’s talk about 188bet best bookmaker star project，He also admitted unabashedly:

Putting in was purely luck，Act quickly，And if I could successfully meet the person from Meipai at that 188bet best bookmaker，Maybe I’ll vote for Meipai。

No investor denies the importance of theory and logical framework，Nothing more，In the face of personal ability，They almost all emphasize luck and general trend。188bet best bookmaker makes investment itself difficult to control。

Those who want to get rid of the uneasiness caused by 188bet best bookmaker difficulty in controlling，Left。

Wu Qing chose to enter an FA。If you are a seller, the deal pipeline will be larger，Progress one project at a time，There will always be some results。Compared investment，FA has a more standardized process，Wu Qing thinks，As long as every link is in place，Advance until it is impossible to advance，No regrets even if you fail。At least I know clearly that I am the owner of 188bet best bookmaker project。

Compared to no sense of control，The slowdown in the learning curve makes Dai Kang even more anxious，And 188bet best bookmaker became the main reason for him to leave VC。

Subsequently，He joined the first project he invested in，And the position he chose was Assistant to the CEO。The CEO needs to bring together all the requirements、Learn all about 188bet best bookmaker、React quickly，So he must be growing rapidly。Then，I would assume the closer to the CEO，The better the growth curve。

Wang Yan, who also chose to join his portfolio, does not have much uneasiness and anxiety，188bet best bookmaker just wanted to do something adventurous。There is always something ready to move in my bones，I never thought about being an investor my whole life。

“Investor entrepreneurship” has always been a controversial topic.

Most people think investors are not suitable for starting a business，Even Wang Yan himself admits 188bet best bookmaker: Investors are used to considering risks、diversified investment，No one wants to put all their money in one project。But starting a business is all in，Bet on your career。Fortunately, he is optimistic by nature and has already thought about the consequences of taking risks: in the worst case, if the company fails, he can just come back and invest，The downside of 188bet best bookmaker is completely acceptable to me。

Of course，From investor to entrepreneur，There are more than just risks to bear，Also a complete change in the way you think and work，188bet best bookmaker brings them great challenges。

Two years in a startup company made Dai Kang more pragmatic: when he was a VC，I always solve a problem theoretically，But in a startup company, I need to implement 188bet best bookmaker to the end，Will break down a theoretical problem infinitely into the dimensions of the smallest unit，Give solutions in each dimension。Startup companies need to execute，All actions that do not provide a final solution、Planning、Contacts are invalid。

For Wang Yan，He encountered the challenge of "leading a team"。Investment is done alone，Just make your own judgment，Like a hunter，But being the COO of a startup means 188bet best bookmaker have to be the leader of the flock。

Investors in the past are also facing new anxieties every day in startups。As many entrepreneurs feel: starting a business is a race against time，The company faces the test of life and death every day。For investors who make choices，188bet best bookmaker will probably be another anxious but engaging time。

7. Self-salvation in confusion

Despite the enthusiasm and persistence of many investors, they are worried、Uneasy、Confused、Eclipsed by disappointment，But there are still many young people who love 188bet best bookmaker profession deeply。After being frustrated and dragged to the bottom，They always choose to see hope，Then dust yourself off，Start again。

Zhou Yi, who has been in the industry for 3 years now, has worked for 2 investment institutions，Have invested in several projects with valuations around US0 million。He said，"I am very satisfied with 188bet best bookmaker career now"。But actually，It has not always been smooth sailing for him in the past few years。

188bet best bookmaker first 5 months，Zhou Yi has always been 188bet best bookmaker stage of lack of cognition and judgment。“I didn’t have my own view at that time，There is no way to judge whether a project is good or not based on my own past experience，Rely heavily on feedback from colleagues and boss。”

But 188bet best bookmaker has been adjusting，Trying to rescue myself from confusion。

Month 6，He finally plucked up the courage to push a project independently。188bet best bookmaker first time was the beginning of him forcing himself to learn to make judgments。Partners have given young people like me a lot of rights and responsibilities that should not have been given，188bet best bookmaker forces me to grow up ahead of schedule。

188bet best bookmaker kind of growth is painful，But it also helped him see hope faster。

188bet best bookmaker works harder。Second half of 2015，Having entered the second institution, 188bet best bookmaker spent more than half a year looking at almost all the projects in his field of concern，Began to have my own systematic judgment on the industry，Especially for projects that are wildly sought after in the market, I also have unconventional views。Now，At least in the areas I care about，Partners will trust my judgment。

What a coincidence，At 188bet best bookmaker time node，The projects he started at the first organization also began to have good or bad results。“I suddenly realized，I have just passed the stage of being eager to prove myself by investing in projects。”

The change in role has made his way of thinking closer to that of a mature investor。I will start to pay more attention to whether the project itself can make money，Or is it a project that can save the fund。Looking at the growth that has happened to myself in 3 years，He is more determined to continue on 188bet best bookmaker road。

But like Zhou Yi, 188bet best bookmaker can get projects by yourself，Even experience with 3、Compared to investors from 4 institutions competing for projects together，Xu Yangjie is not so lucky。

In the past 2 years, the boss of the project I recommended has not invested in 188bet best bookmaker。and，Due to the change in the investment direction of its own institutions，The market he is focusing on becomes less important to the company。I was mostly resting throughout 2016。

Although anxious，But he has not lost confidence in 188bet best bookmaker profession。As an investor, he has constant access to the “smartest people”。and，Because there is no pressure on investment projects，He can do it without purpose、Communicate with these smart people easily。I am very interested in Toutiao，I got to know twenty or thirty people from Toutiao through various means，Understand 188bet best bookmaker company thoroughly。Investing does not necessarily mean talking about projects everywhere，A typical case can also bring a lot of gains。

Although I left VC temporarily，Dai Kang still reveals his longing that he may come back in a few years。“I discussed it with my boss at the time，He suggested that I go to a startup company to exercise，In 188bet best bookmaker way, if you come back to invest again, you can better understand the company。”

The same is true for Wu Qing。Return to the buyer after doing FA，Be more patient in dealing with uncontrollable things，Wait for the opportunity。

Investors who want to stay in the industry have to train their hearts to be hard and peaceful，Make it resistant to emotional interference，188bet best bookmaker is their way of letting themselves go。

Hu Boyu talked about his feelings when he was at DCM: “I was still in the early stage of the VC growth curve at that time，Extremely excited，If you like the project, push 188bet best bookmaker as hard as you can。I can’t remember any other unreliable projects that were promoted at that time，Definitely pushed，Killed by partner。Of course there are more reliable ones，For example Didi，Zhihu and the like。But that’s how people are，Will selectively remember good companies，Also forget about bad companies。”

Is VC worth it for young people to invest in it？No one can give a conclusion，Everyone involved is aware of themselves。Not just the desire for wealth and fame，There is also a thirst for knowledge and growth，All of 188bet best bookmaker is pushing a group of young people to continue to seek forward in the tide of capital，Even if they can’t see clearly what is ahead。

These young people who come one after another，Want to participate in 188bet best bookmaker hormone-filled business world，And some of them，It is also truly affecting the appearance of the business world。

And for more people，No matter gritted teeth and perseverance，Leave disgraced，Even if 188bet best bookmaker have participated in an imaginative fight，That’s enough。

(At the request of some interviewees，Wen Zhongliyuan、Zhou Yi、Wang Yan、Dai Kang、Wu Qing、Xu Yangjie and others are pseudonyms。）

*Source of 188bet best bookmaker article: Chapter 42，Author: Zhang Yuxin，Original title: "Anxiety、Confused、Disappointment、Self-rescue: Adventure stories of investors in 188bet best bookmaker era》

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