Shared entrepreneurship is booming。But "the golden decade should come"，This is the iron law of the traditional investment community，Not to mention the Internet field which is based on the rapid development of science and technology，Investors will not wait for you for ten years，Reality will not give companies ten years to verify whether their business model is correct。

April this year，The rise of shared power bank craze，But just six months later，Including LeDian，Xiaobao charging、Bubble Charging、Discharge Technology、PP charging、Chuangdian、Seven companies including Hippo Charging have reached the project liquidation stage；June，Wukong Bicycle’s announcement of bankruptcy started the death prelude of the shared bicycle industry，At least 5 companies have withdrawn from the market，Kuqi Bicycle, the “golden bicycle” that once triggered a wave of online abuse, owes more than 500 million yuan，Former CEO Gao Weiwei even said bitterly: My current situation is similar to that of Jia Yueting。

Isn’t there good news in the sharing entrepreneurship wave?？Obviously not。Get BAT and Ping An at the same time、China Merchants Bank、Civil Aviation、CITIC、中金Box、Large-scale heavyweight consortium including BAIC Group，Didi, a ride-sharing software invested by giants such as Apple and others, is now valued at over US$50 billion。This number has exceeded JD.com，Second only to BAT and Ant Financial。

Except this super unicorn，There are other developments 188bet app in the sharing economy，Companies with unlimited potential have received financing，For example, in September, the women’s clothing monthly rental sharing platform “Yi Er San” announced the completion of a $50 million Series C financing；Respectively in October、Housing sharing platforms Tujia and MuNiao short-term rental that completed a new round of financing in November，We are all working steadily in the sharing industry，A “seed player” who continues to be favored by capital......

Entrepreneurship is hot，But starting a business is difficult，Those who can survive and continue to be favored by investors are only a few。So prosperous and extinct，Return to nature，Today we will talk about what kind of startup companies will continue to be favored by capital。

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Let’s talk about the death of shared bicycles and shared power banks。First，It depends on whether their business profit model has "money prospects"，But unfortunately，In the field of shared bicycles，Even the two giants that have been relying on their "rich and powerful" to support themselves today - Ofo and Mobike，It seems that they don’t know how to make better profits in the future。High bicycle production costs、Maintenance costs and money-burning marketing costs invested in grabbing land, etc.，Has put the two major companies into a stalemate。In addition, there are more and more "no investment orders" in city regulations and "expulsion orders" from major universities，It is difficult to be optimistic about the future of shared bicycles and how to make profits。This also caused Mobike CEO Hu Weiwei to publicly state in the media: (if) it failed，Just treat it as a public welfare......

Shared power bank comes in a hurry，What a pity。It follows the old path of shared bicycle B2C model，Enterprises independently purchase power bank offline layout，For users in need。What a pity，Bike sharing is a "highly used" thing after all，Shared power bank is different。Most users will still habitually charge a full battery at home，Users who often 188bet app go out often bring power bank with them，So based on the current reality，This is not a high-frequency requirement，Only under a special condition，Just a supplement to charging。What’s more important，Shared power bank companies will expand their scale in order to make money。This faces the problem of low frequency of use but high investment cost，Finally, it was swallowed up by idle resources and cost investment。

Not so with car sharing and home sharing.

Didi solved the problem of idle time for a large number of social vehicles，Both express trains and free rides are operated under the conditions of "driver owns the vehicle independently" and "rental vehicle usage time"，Didi does not need all the self-made vehicles in the world to lay roads，There is no need to deal with maintenance and parking of the car，Clear and transparent business model，You can make profit by taking commission from the driver’s fare，At the same time, social demand is extremely strong，High frequency and considerable price，It can be said to be a rare high-quality project，This has also become the fundamental reason for the rapid rise of Didi Kingdom。

Let’s talk about shared housing，Although the frequency is low，But the unit price is high，The rent of hundreds or even thousands can also allow the short-term rental platform to get a high commission。Meanwhile，In the era of great tourism，China’s tourist arrivals are growing exponentially，This year’s National Day has set a record of over 700 million visitors，A large number of tourists staying in other places has given rise to the booming development of the homestay industry，In addition, the B&B itself has its own characteristics、Many types、High quality、Factors such as the increasing diversification of landlord services，Market recognition and consumption frequency are getting higher and higher。

According to data from the "2017 China Online Short-term Rental Industry Research Report" released by iResearch，The transaction scale of China’s online short-term rental market 188bet app reached 87 in 2016.800 million yuan，106 more than the previous year.1%，The transaction size in 2017 is expected to reach 125.200 million yuan。

The operating status of online short-term rental platforms also indicates the huge potential of this industry，Public information display，Muniao short-term rental, which has just received a new round of financing and is in the first echelon of the industry，Both in terms of the number of properties and the number of users，Have an absolute advantage in the market，Its GMV has achieved a growth rate of 400% this year，And has passed the break-even point。

At the same time，The correct business profit model can enable enterprises to operate well、Increase of users、Brand influence gradually increases，This is a positive cycle that attracts more users。Huang Yue said in a recent interview，“Currently, MuNiao short-term rental has entered a spiral bilateral positive cycle in terms of housing growth，Attract landlords through online, offline and brand spontaneous influence，1,000 new properties added every day，Equivalent to five "Atour" stores opened every day"。

Visible，This kind of enterprise with a good business recycling model and brand value can quickly find a way to survive and "make money"，Naturally attract more attention from investors。

Capital considers company value through founder leadership

“The train runs fast，It all depends on the headband。”Can a startup company make it to the end，It also depends on whether the leader is excellent。

First half of this year，The founder of the second-hand platform Kongkonghu, Yu Xiaodan, and the investor Zhou Yahui were "tearing each other" over the distance。Zhou Yahui said Yu Xiaodan "in less than a year and a half"，Just a few dozen people，But all the investors’ cash investment of about 50 million was spent”。After Yu Xiaodan denied it，Zhou Yahui entrusted a lawyer to publish Yu Xiaodan’s reimbursement invoice for purchasing luxury goods......

This is a typical case，Failed investment cases based 188bet app on founder’s problems，It also makes the investment circle pay more attention to founder factors when considering projects。

Wang Gang is Didi’s earliest investor。5 years ago，When Didi was still a concept，He gave Cheng Wei 700,000，And today, 5 years later，Wang Gang’s return rate has exceeded 10 billion。34-year-old Cheng Wei also ranks fifth on the Hurun Post-80s Rich List with a net worth of 16.5 billion。

Many people envy Wang Gang，Let him impart his experience。Wang Gang said: “Leadership is very important，Founders are particularly important。As an angel investor，Cannot vote if there is no project，Only people cannot vote。”Visible，In Wang Gang’s eyes，Investors are the key factor in determining the success of the project，He can see the future of an enterprise from the entrepreneur’s leadership and the execution of the team。

Munniao short-term rental company that just raised funds can get the money smoothly，Inseparable from the role of the founder。Wu Shichun of Meihua Venture Capital, who participated in each round of investment, said: "Meihua Investment Project，Pay more attention to the team and founder。90% of the value of an enterprise lies in its team，80% of the value of a team lies with the founder。A good CEO does not necessarily have a product or technical background，But he must have accurate and decisive judgment，Having both humility and an empty cup mentality，Continuous learning and exercise，Become a better version of yourself。And in my opinion，Huang Yue has all the qualities I like in him，His team also has extremely high cohesion，So he is worth investing in。” 

In a word，Whether it is a traditional industry or an emerging sharing industry，What investors value is that the essence of business remains unchanged - the model can make money，The leader is reliable。If all companies could understand these two points，Start a business with the mentality of bringing returns to investors，Maybe there won’t be so many “after the hustle and bustle” on the market，It’s all over the place。 

*Source of this article：Pintu Business Review, authorAuthor: An Shuishui, original title: "Capital continues to favor: Two major reasons 188bet online sports betting reveal why online short-term rentals and Didi taxis are "favored"》.