Since the establishment of Jiayu Fund in 2011，Wei Zhe has always appeared as an investor。The past few years，Whenever 188bet mobile login front-line investor expresses his opinions and views on the industry，It will always cause a wave of fluctuation。

Years ago，Jack Ma once said that 188bet mobile login has a good vision，The prediction of the future is very accurate。Many entrepreneurs are now constantly adjusting their directions and strategies based on 188bet mobile login’s judgment。

188bet mobile login opposed unmanned convenience stores in 2017，Not optimistic about the sharing economy，Pay attention to the post-95s consumer group and characteristics。Then，What new opinions does he have in 2018？

1. The ideal B2B look for industry veterans

1) You talk about B2B on many occasions，But 188bet mobile login are relatively few projects launched，How do you judge the B2B industry？

188bet mobile login: B2B is divided into three categories.

The first category isB2B transaction type, 188bet mobile login kind of enterprise wants to "take it all".

The second category isB2B service type, 188bet mobile login type of enterprise must take into account both the importance and importance.

Chinese companies want software solutions，But pure traditional B2B companies are too heavy、Intensive human resources、Low service efficiency、Poor scalability。

Light refers to the original service，Special emphasis on technical 188bet mobile login and technical content。

Compared with peers，Efficiency has been greatly improved，For example, current high-quality human resources projects，1 employee can serve 1500 customers，SaaS-based applications are centered on improving per capita service efficiency，If peer companies only sell software，188bet mobile login is no income or profit。

B2B services are too light，188bet mobile login is no way to stop BAT companies from coming in one day，The moat should be made heavier。

The third category isB2B product type, we need to use both soft and hard tactics.

So-called advanced manufacturing，It mainly depends on whether 188bet mobile login have software capabilities and solution capabilities，We are not optimistic about pure B2B product-based companies (pure software or pure hardware)。

Overall，Apply both soft and hard tactics、One size fits all、188bet mobile login is a B2B transaction that takes into consideration both importance and importance、B2B Service、Judgment of three different directions of B2B products。

2）The success of Zhaogang Mesh has brought a lot of hope to companies in the B2B industry，Plastic、Medical、Coal、Nonferrous metals、Oil products, etc.B2B companies are established one after another，Headline companies have emerged，Why are 188bet mobile login new entrants at this time？

188bet mobile login: The steel industry is a trillion-level market，The so-called leaders now occupy less than 10% of the market。

Zhaoer Group’s strategy for B2B from Zhongnong.com，Huasuhui’s chemical sector has joined forces with Nishimoto Shinkansen to establish a steel sector，These three are trillion-level markets，Of course 188bet mobile login is a chance。

Many opportunities now are not reserved for entrepreneurial companies，When a listed company with a market value of 100 billion has its own capital，Integrate with entrepreneurial enterprises，188bet mobile login can push startups to a new level。

So I suggest that toB business needs to integrate with the industry faster，Currently a large number of B2B projects still need to be implemented，Improve regional service capabilities，The separation of production and sales is the opportunity for B2B。

2. 188bet mobile login are two major bubbles in the capital market

3）According to statistics, 188bet mobile login are over 10,000 venture capital institutions nationwide,What do 188bet mobile login think of the current efforts by investors to promote the development of China’s business environment？

188bet mobile login: Investors have both positive and negative effects on the development of China’s business environment。

The positive thing is，188bet mobile login are more entrepreneurs today than 10 years ago，I was very lucky 5 years ago，Investment has changed from a seller’s market to a buyer’s market。

The harm is that 188bet mobile login institutions of mixed quality have created too many projects of mixed quality，Consumed a huge amount of social wealth，China’s capital utilization rate has been greatly reduced。

188bet mobile login are currently two major bubbles in the capital market:

①Industry talent bubble.

188bet mobile login are currently 10,000 registered investment institutions，Assuming an average of 20 people per household，188bet mobile login are 200,000 practitioners，188bet mobile login are 200,000 professional investors in China？This is a talent bubble。

②Asset bubble.

A whole year last year，New RMB funds raised exceed 1 trillion，Raised more than 60 billion U.S. dollars，About 6 together.4 trillion，Such a capital bubble creates an asset shortage，As a result, very inferior assets were also invested，A very poor team also received 188bet mobile login，Consumption of huge resources。

Look at so many shared bicycles，188bet mobile login is difficult for leading companies to survive，The remaining players consume capital。

Investors never talk about failed projects,How much capital has been washed away with so many bicycles？How many resources were wasted？Tens of millions of bicycles wasted，Billions of funds wasted，Not to mention 188bet mobile login also causes a waste of energy and production capacity。

4) How to understand bubbles?

188bet mobile login: First of all, we need to understand that the bubble will definitely burst，All that is left is useful information。

I divide bubbles into two types:

①Soap bubbles.

Soap bubbles are beautiful，But if it breaks, 188bet mobile login will be nothing，Previously a large number of blockchains、Artificial Intelligence、O2O project is like this。

② Beer soaking.

188bet mobile login means that the cup is half beer and half foam.

This is in line with the characteristics of China’s investment industry，I think 80% wine，20% foam is acceptable。When the bubble recedes, 188bet mobile login are still essential things that remain，Such a project needs to wait for the opportunity。

They now tell me 188bet mobile login is a third kind,Air bubbles.

3. What should I do if I miss a good 188bet mobile login project?

5) What should I do if I miss a good project?

188bet mobile login: I am a "middle school teacher"，Not a mentor，Not an investor either。

Investment institutions need to have a clear positioning，Startup companies need to ask the teacher what 188bet mobile login teach，Which stage to teach。

New material、Medical、New energy is very popular，But Jiayu Fund has never invested before，So the investment principle of Jiayu Fund is "look at primary school，Junior high school，Seize High School”，If 188bet mobile login miss the stage to vote，It must be the team’s negligence。

188bet mobile login is science + art.

The art part is also emotional，Can have a perceptual understanding of the people in the entrepreneurial team，But188bet mobile login is nothing in the nature of business that cannot be explained by numbers，Consumer data can speak，Enterprise efficiency data can speak，So 188bet mobile login part must be treated rationally。

6) In what fields does Jiayu Fund currently invest most in projects?

188bet mobile login: Currently we only focus on the Internet，New channel，Consumer brands that can be enhanced by the Internet，These four areas of B2B platforms that can be enhanced by the Internet。

4. How do 188bet mobile login view blockchain technology?

7）188bet mobile login said before that entrepreneurs should not rush to label themselves,What do 188bet mobile login think of blockchain technology currently?

188bet mobile login:Many blockchain experts appeared in my circle of friends overnight，188bet mobile login is a talent bubble。

A large amount of the Internet has created a lot of fake needs and a lot of fake technologies.

How could so many artificial intelligence companies pop up overnight，600 artificial intelligence experts around the world，Some were deep learning algorithm companies a few months ago，Now 188bet mobile login is an artificial intelligence company，In contrast, the blockchain project is still in its infancy，The same thing。

We need to be clear about 188bet mobile login type of project,Blockchain is not equal to Bitcoin or ICO.

ICO，If compared to IPO，188bet mobile login cannot use technology to solve problems of commercial nature。

The essence of business is to have a product/project for the open market，188bet mobile login are specialized regulatory authorities in China，188bet mobile login are foreign analysts controlling project quality，ICO does not matter what technology it uses，May I ask what technology it will use to evaluate project quality，All ICOs cannot solve the quality judgment of the project，This will also cause a huge asymmetry between companies and investors。

In 188bet mobile login case，99.99% of ICO projects are not established。

SecondlyBitcoin.

Bitcoin will never become the main settlement currency for human transactions。

188bet mobile login is a necessary condition for the main settlement currency，That is, the exchange rate is relatively stable。So Bitcoin cannot be stable，It will become the first choice of criminals，Conforms to high profit margin，High security features。

Finally,Blockchain has a low threshold，But meaningful technology。

They are all public algorithms，All thresholds are not high，188bet mobile login improves the traditional trade and financial settlement system，To prevent counterfeiting、Tracing the source、Copyright protection is meaningful。

I am optimistic about blockchain technology.

But 188bet mobile login is very difficult for blockchain technology to create a platform company，Similar to Google，Tencent，Alibaba。

The reason is,Blockchain technology is a technology that is well used by large companies in their respective systems, 188bet mobile login will be difficult to form a common third-party platform for various companies，For example, the possibility that Ant Financial and JD Finance share a set of technologies is very low。

五、For "potential"，What are 188bet mobile login’s principles and standards for judgment？

8）188bet mobile login once said that Jack Ma has a good vision，The prediction of the future is very accurate，Many entrepreneurs are now constantly adjusting their directions and strategies based on your judgment。What are your principles and standards for judging "potential"?

188bet mobile login: I have two standards:

Any user、Customer experience cannot be improved，Not a good pattern。

Any industry that cannot improve the efficiency of enterprises is not a good model.

With these two standards as the core，188bet mobile login can clearly judge the direction of many industry models。

9) Can 188bet mobile login list a project that has recently been completed?？What is the pattern？

188bet mobile login: A project that has been completed recently is to doFront shared kitchen。

Currently, the overall demand for food delivery in China is huge，Consumers are recognized and accustomed to it。So，188bet mobile login is an irreversible business model。

The front shared kitchen is another change for the restaurant，Satisfy store owners who are unwilling and unable to open so many physical stores，Utilize 300 square meters each，Combined 12-15 well-known catering brands，Only build a takeaway kitchen，Ready to go，Close to consumers，Good user experience。

10) Will 188bet mobile login start a business in the future？Assuming it is possible，Which track will 188bet mobile login enter？

188bet mobile login:Resolutely not to start a business or make assumptions. 188bet mobile login are no assumptions in life.

But actually the Jiayu Fund I am doing is entrepreneurship，Start a business in the 188bet mobile login field。

If 188bet mobile login don’t do it yourself and just make assumptions, 188bet mobile login are deceiving others.

*Source of 188bet mobile login article: WeChat public account “Notesman” (ID: Notesman)，Author: Wang Yujun，Original title：《188bet mobile login: 3 perspectives to identify all market bubbles》