Kai-Fu 188bet mobile: Why do smart people still fail easily when starting a business?

Industrial Investment Authors of 188bet mobile article: Yang Xuedan, Wang Xuan 2015-07-10
“To do meaningful things,Don’t waste your life。The greater the ability,The greater the responsibility。188bet mobile have a responsibility to spend your time on the really hard problems。Don’t waste time on what machines can do in the future,Don’t waste your talents on repeating what 188bet mobile learned in school,Don’t accept a job without challenges。Be adventurous,Striving for it,With the goal of ‘becoming a top talent in a special and useful field’、For one’s own responsibility。”

Kai-fu 188bet mobile, who has been away from the public eye for 17 months, is back,With his new book,And his almost completely changed outlook on life。

“I understand the value of life better,The importance of good health。The pursuit of fame and fortune is endless,I will know better how to distinguish what is truly valuable to mankind、Meaningful achievements or contributions,Don’t waste your life on material things、188bet mobile trap of vanity。”

This is an excerpt from Kai-Fu 188bet mobile’s new book"Living to Death"A paragraph in。Before cancer comes,From Microsoft to President of Google Greater China,To the Chairman of Sinovation Ventures,Under the halo, Kai-Fu 188bet mobile chases "fame and fortune" all the way。In the midst of busy work,He enjoys working fifteen or six hours a day,The "positive state" of getting up in the middle of the night and continuing to work。"Life Coach"、"Dream Builder"、"Dream Mentor",They are all his identities。He believes that there are endless futures and dreams waiting for him to realize,Can’t stop for a moment。But at a moment of satisfaction,Kai-Fu 188bet mobile encountered a major life and death test in his life - he was diagnosed with stage 4 lymphoma by the doctor。

He wrote and published 7 letters to Chinese students"Be the best version of yourself""The world is different because of 188bet mobile"Other bestsellers,And give multiple lectures in colleges and universities every year。And this book "Living to Death" is his way of reminding more young people and entrepreneurs by sharing his mental journey and life thoughts since suffering from cancer,In addition to fame and achievements,Rethink the meaning of life。Kai-fu 188bet mobile said this,

"If it's not cancer,I may continue to follow the inertia of the past,Maybe I can get a better fame and fortune、Create more success stories,Today,Cancer knocked me down,188bet mobile life-and-death illness has opened up my wisdom,I will still try my best to devote myself to my work,Make the world a better place;But I also know more clearly,How to live life to the fullest。”

Documentary also premiered on June 27"The Dream Builder: Kai-Fu 188bet mobile Lives to Death"'s ending,Kai-Fu 188bet mobile questioned and thought about life: "Get rid of false fame and achievements,What is left in your life?”

This documentary,Based on Kai-Fu 188bet mobile’s mental journey after suffering from cancer and his repositioning and thinking about life。In the film,Kaifu 188bet mobile recounted that it took two months to be diagnosed、Six months of chemotherapy、The experience of nine months of recuperation,And confessed the despair of "I once thought I would not survive 100 days"。For the first time in the film, Kai-Fu 188bet mobile revealed his family letters from when he was studying abroad,The first time I choked up and said an apology I owed my late father,Crying for the first time and talking about the affection between mother and son,For the first time, I tenderly describe my debt to my wife and daughter。

188bet mobile battle with death gave Kaifu Li a better understanding of the meaning of life,A critical moment in the process of life,Recovered many of the joys of life that I had neglected in the past because I was too busy with work,Revisited friends、Love in life that is of common concern to family members and society。He lamented in the book: "188bet mobile is the first time I have truly experienced the value of health。”

"What I pursue is to be the best version of myself、The world is different because of 188bet mobile’,There is nothing inherently wrong,But over the years,The rising fame and fortune made me deviate from the axis without realizing it,so dizzy,Paying a heavy price without knowing it。”

Li Kaifu returned 188bet mobile illness,Compared to the gentle and elegant style before、High-spirited,Added a bit more indifference and ease,Regained his identity as a young entrepreneurial mentor in a more down-to-earth manner。

As early as February this year,Kai-fu 188bet mobile announced the achievements of Sinovation Ventures since its establishment,Has invested in more than 150 companies,Involving mobile Internet+、Cloud computing、Hardware Investment、O2O and other fields,18 of these projects have received Series A financing。188bet mobile Kai-fu also admitted,There are 3 project investment failures,But the specific project name has not been announced。

Titanium Media also recently interviewed Kai-Fu 188bet mobile,Revolving around entrepreneurship、Investment、And thoughts after illness,He shared the following:

Removing the "packaging" after illness makes 188bet mobile more real

Titanium Media:After recovering from a serious illness, many people commented on 188bet mobile,Compared to the previous elite style,188bet mobile are more grounded now,What factors contributed to this change?

Kai-Fu 188bet mobile: Although what I said before also came from my heart,But I would rather want to package myself,Let everyone see my more positive side,Report good news but not bad news,This is not true enough。Just like when I first got sick,Post on Weibo,In fact, it does not fully describe some of the frustration and helplessness in my heart,More of expressing a kind of progress and bravery。This is a comfort to those who love me,For investors, we may also hope that they will not withdraw their capital。But actually I also have a lot of these worries in my heart,So this book fully and truly explains the process of illness and physical challenges。

Titanium Media: In the process of your collaboration with Gao Xiaosong on the film and the creation of "Born to Death",Would 188bet mobile be painful to repeatedly recall the experience of illness?

Kai-Fu Lee: No,On the contrary, I feel like venting my emotions,Because I’m not the kind of person who cries often,People around me may have hardly seen me cry。After actually crying,Can vent your inner emotions,Then value yourself。So I think Xiaosong’s team really admires me,In fact, the 22-minute film took a total of nearly 10 hours of recording,During these 10 hours,I think the special thing is that 188bet mobile can have a very emotional and real communication with me,Let me say these things naturally。

If 188bet mobile put a cold camera in front of me,I don’t think I will talk about it no matter what。The team uses more watertight ways to peacefully describe some painful facts,It feels very real when communicating with them。They help me from the bottom of their hearts,This makes me feel like I can finally tell the truth。

The biggest factor in the failure of companies 188bet mobile invest in: lack of focus

Titanium Media:How to judge an entrepreneur or project in a short time?188bet mobile indicators are there,Or investment methodology?

Kai-Fu Lee: The main thing is to look at people、Trends and Things。Because starting a business actually depends on people,Are 188bet mobile a person with strong execution ability,Is it a person who can focus on solving one thing thoroughly before doing the next thing,Is he a person with better judgment on the industry,Did 188bet mobile do it yourself,Instead of talking on paper,And whether he can lead the team,When encountering difficulties,Can we gain the support and trust of employees,I think these are the most important。

Also,There are still trends。His success is not in a highly competitive environment and stealing others' money,But it can develop very quickly,If 188bet mobile follow the trend, 188bet mobile can find the wind and fly。

Titanium Media: Are 188bet mobile saying that execution and focus are important?

Kai-Fu Lee: Yes,I think entrepreneurs are all smart people,Smart people have many ideas,I lose focus after I have too many ideas,So concentration is particularly valuable。A small company has limited resources,If 188bet mobile are not focused,Think of a new idea every day,The company does everything,Nothing can be done,This is often the biggest factor in the failure of the companies I invest in。

Titanium Media:Are there any projects that 188bet mobile were very promising in the past but failed?

Kai-Fu 188bet mobile: Some projects have too many ideas,50 people in the company have made more than 80 products,In the end, all the energy was scattered and we failed,This is an example。

In addition, sometimes some companies pay special attention to one technology,But I only 188bet mobile about the use of this technology,Didn’t 188bet mobile about the market,Then it failed,This is also a common example。

Another major factor is,The founders didn’t know each other for enough time,Or later because of shares or responsibilities, etc.,I 188bet mobile my contribution is different,Values ​​are different,The whole company collapsed。These three situations have the most failures。

Titanium Media: What current projects do 188bet mobile think can grow into big companies。

Kai-Fu 188bet mobile: I think everyone has this potential,Our investment standard is that we hope that 5% to 10% of the companies we invest in can become unicorns,A unicorn is a company with a valuation of over US billion,If a company does not have the potential to become a valuation of US billion,We may not vote for him,Because our return on investment is driven by unicorns。

Titanium Media:Will 188bet mobile be involved in the management of these projects?

Kai-Fu 188bet mobile: No,A good startup company must be led by an entrepreneur and a team,The board of directors manages it。I myself sit on the boards of a few larger companies。

If 188bet mobile cannot guarantee sleep, your advantages will definitely be reduced

Titanium Media: For those who want to start a business in the future,Young people who don’t have good projects yet,Do 188bet mobile suggest that they first polish their skills in a small entrepreneurial company,Let’s start with the screws of big companies?

Kai-Fu Lee: I think everything can be considered,But overall, 188bet mobile will learn more in a small startup company,Because in a small company, one person has to try many things,The opportunities for learning and growth and the salary space will be large enough。

Titanium Media: But now there are many entrepreneurs who did not graduate from prestigious schools,I have never worked in a large company。Even started a business directly after graduating from college or during college,Are 188bet mobile optimistic about this type of young entrepreneurs?Also, what advantages do 188bet mobile think serial entrepreneurs have?

Kai-Fu Lee: The advantages of serial entrepreneurs are huge,Because he did it once,As long as 188bet mobile have done it yourself once in any industry,Learn from failure,Such a person will definitely have a higher probability of success than a "blank paper"。

Of course,Students can also become serial entrepreneurs,Start a business under the guidance of teachers or the school entrepreneurship club,Or 188bet mobile can come out and work for some start-up companies first。I think working for a startup company,It can also be regarded as a process of starting a business。

So I will give more advice to young people,Whether 188bet mobile are a current student,The graduates are still slightly older,If they want to learn entrepreneurship,If 188bet mobile want to accumulate more experience,Join a startup to learn more。

Titanium Media:In today’s entrepreneurial boom,For example, the current Zhongguancun Entrepreneurship Street,1 startups hatched every day.6,How do 188bet mobile think entrepreneurs should choose when facing more and more incubators??

Kai-Fu Lee: 188bet mobile should focus on your own needs,The one who gives yourself the most points,In other words, which incubators really want to help entrepreneurs,It is truly of added value,See which incubator can best complement your shortcomings or allow 188bet mobile to grow better,These are more important than money。

Titanium Media: 188bet mobile once realized during the book launch that “sleep is a good medicine for treating cancer”,So 188bet mobile are aware of the many people starting a business now,Do 188bet mobile have any suggestions for young people who can’t get enough sleep??

Kai-Fu Lee: I think sleep is the best way to restore immunity,So if sleep cannot be guaranteed, the advantages will definitely be reduced。Because once the immunity is reduced,It’s too late to regret when 188bet mobile get sick,Health is more important than entrepreneurship。In addition, the sleep depth ratio and length are better,I just want to be able to really sleep,Don’t reply to emails even if 188bet mobile wake up in the middle of the night,Allow yourself to sleep continuously,I think this is quite important。The other thing is that 188bet mobile must sleep for 6 hours。

Very optimistic about the development of sharing economy and O2O in China

Titanium Media: In which areas do 188bet mobile mainly invest??What type of enterprises and projects are 188bet mobile more optimistic about now?

Kaifu 188bet mobile: We have invested in a lot of smart hardware,We believe that smart hardware should have many new opportunities in the future。Secondly, I am very optimistic about the development of sharing economy and O2O in China。Additionally digital content,The feeling of micro-films and videos can transcend the West,in the country,The new platform can quickly acquire users,Business value can also involve many fields。I will continue to pay attention to online education。

Titanium Media:Nowadays, many people who produce digital content are beginning to develop in the social direction,Is 188bet mobile putting the cart before the horse,How to solve 188bet mobile problem in a balanced way?

Kaifu Lee: I think the development of an Internet company must be done in stages,188bet mobile have to do the previous one well before doing the next one,188bet mobile cannot build a social platform with nothing from the beginning。To develop to a certain level in reading or content,Make this platform again,So this is a process of slow progress。

Titanium Media: In which area of ​​the Internet do 188bet mobile feel the bubble is the most serious now?

Kai-Fu 188bet mobile: Internet companies listed in China have the most serious bubbles。Many investors say they want to buy Internet stocks,Many investors have invested in areas they consider to be key areas,But most of these companies are not industry leaders,Some companies are overvalued。

Titanium Media:After 188bet mobile recover, compare your original intention of starting an innovation workshop,Have 188bet mobile any changes now?

Kai-Fu 188bet mobile: No,It’s still very clear,We are an innovation workshop,On the one hand, it is because I think there are many points in various personal experiences,Then want to draw it as a line,These points include a letter to Chinese youth、Book,Also includes the two times I returned to China to work,Learned a lot。I feel more convinced of this,I think it may be based on my own choice,In the end, it was inevitable to do such a job。

On the other hand, Sinovation Ventures is actually an investment institution,But we really have the mentality of helping entrepreneurs,I 188bet mobile entrepreneurs are the greatest people in China,They can drive the entire economy with maximum efficiency,And they can convert money and manpower into valuable technology or products without loss or waste,Then we should be another group of amazing people,is the person who helps these entrepreneurs。

I 188bet mobile not everyone is suitable to be an entrepreneur,Maybe he has limited control over risks,Limited acceptance,Maybe he is older,Maybe he has created it many times, etc.,But I 188bet mobile there are two kinds of people needed in the world,One is an entrepreneur,A person who helps entrepreneurs,The Sinovation Ventures company is very eager to do the latter。

For the "Chicken Soup" tag: 188bet mobile is useful is valuable

During his illness, Kai-Fu 188bet mobile said he read sixty or seventy books a year,The main thing is to obtain new knowledge from the Internet,In response to the comments on the Internet that "the chicken soup tastes too strong",188bet mobile Kai-fu said,

“The reader should choose what he needs,I 188bet mobile the value of an article should come from two places,The first is whether there is some real wisdom experience in it,If it reads really empty,I don’t know what happened after reading it,That’s really a waste of time。

The other is whether this article is helpful to 188bet mobile,If it all seems to make sense,It has nothing to do with 188bet mobile,Limited appeal indeed。I don’t think what I share should fall to this status,I think many people don’t look carefully,Or I read a title,Just say it in a big way。

For example, emotional aspects,People facing death are talking about how to avoid loss,Or how to balance family ties and career,Many people think this sounds pragmatic,Just think these are worthless,But 188bet mobile should wait until 188bet mobile finish reading before making a conclusion。”

Exclusive interview with Kai-Fu 188bet mobile:Why do smart 188bet mobile still fail easily when starting a business?

At the end of the book,Kaifu 188bet mobile also wrote a message to young entrepreneurs:

“I also advise fellow students,To do something meaningful,Don’t waste your life。The greater the ability,The greater the responsibility。188bet mobile have a responsibility to spend your time on the really hard problems。Don’t waste time on what machines can do in the future,Don’t waste your talents on repeating what 188bet mobile learned in school,Don’t accept a job without challenges。Be adventurous,Striving for it,With the goal of ‘becoming a top talent in a special and useful field’、For one’s own responsibility。”

People are bound to be caught in a dilemma between birth and entry into the world,And how to choose,This is a question that each of us should 188bet mobile about。

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