「伊利」舒华奶〡无乳糖 营养好吸收

Editor View

Plum blossoms are elegant in shape, fragrance is far and clear, and pavilions and pavilions are pure and clean. It is a symbol of cleanliness, tenacity and loyalty. Investment is a thing that represents wealth and productivity. Combining the two creates a project with a lot of meaning and connotation. , It seems to be something that is close to Xiangqing. Free, extreme, out of control, and control. Ordinary people have one or two talents. However, as the top investor Wu Shichun and the founder he selected, it seems that they must have a healthy personality at the same time. Obviously, from Wu Shichun likes those entrepreneurs who are rolling in the wave, all with the vitality of pulling out the soil like plum blossoms.

In today’s China, Shuangchuang is a song of youth that invites everyone to perform on stage, but IPO is always a rare dream that will be shown on the big screen, not everyone has a share and is easily accessible. Nowadays, the whole world is keen to distinguish the waves before and after the waves. It seems that life is a vain shot if you don’t ride the wind and waves. The waves behind the Yangtze River push the waves forward. However, when you look closely, the waves are not Mr. Miao who was pushed onto the beach and basked with an air guitar. They are still The Dinghai Shenzhen needles that the back waves raised and worshipped. Hundred times investor Wu Shichun knows that although investment and entrepreneurship are both minority games, the fruits of its victory should be a common gift for all mankind.

he following is from the full text of the link broadcast by the official official account of “PLUM Venture Capital”, the original title is “PLUM Venture Capital Wu Shichun: Investors’ predictions are ridiculous”, “readCEO” Executive Editor Long Yuxuan Jing PLUM Venture Capital founding partner Wu Shichun himself approved and authorized to forward this article. When recommending this interview transcript, the official account said that the market opportunities under the epidemic that everyone is generally concerned about recently. Wu Shichun believes that the forecasts from investors are ridiculous. He and PLUM are more willing to wait for entrepreneurs to discover good opportunities. , And then judge and modify the entrepreneur’s cognition. Mr. Wu’s investment views, I recommend you to read it carefully, and together with PLUM, look forward to a more brilliant new industry voice after the establishment of the new order.

Wu Shichun believes that the forecasts from investors are ridiculous. He and PLUM are more willing to wait for entrepreneurs to discover good opportunities

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I

The argument of “capital winter” is no longer new. The amount of funds raised and the scale of investment have been declining for two consecutive years. The black swan of the epidemic has made the macro economy face more severe challenges: many people believe that the golden age is already here, whether it is entrepreneurship or investment Passed.In a pessimistic voice, Wu Shichun, the founding partner of PLUM Venture Capital, felt that the best venture capital environment is now. The market entered the stage of rational adjustment after the bubble burst and no longer impetuous.

Wu Shichun compares entrepreneurship to the ancient imperial examination, angel investment is the draft talent, the A round of financing is the elector, and the IPO is the middle Jinshi. No matter how the venture capital environment changes and how hot the air outlet is, only a small percentage of them can get the top scholars or even high school champions every year. Therefore, during the market cooling-off period, the probability of finding high-quality projects has increased.

Looking at the dramatic changes in the venture capital environment under the epidemic from this perspective, we can find many new opportunities with a more positive attitude.On the one hand, as consumer psychology changes, every consumer product has the opportunity to be remade. Consumers always hope that the quality of products will be better and the prices will be lower and lower. Based on these two insatiable needs, there will be generations of consumer products that will continue to emerge. On the other hand, investors’ funds will be concentrated on top entrepreneurs. Only the best entrepreneurs can get money in the current capital environment. After more patient and rigorous screening by investors, the surviving high-quality projects will be more conducive to the return on investment of LP and the health and stability of the market.

Before focusing on early investment, Wu Shichun had five entrepreneurial experiences and participated in the founding of Shangzhixun, Kuxun.com, Shishen Yaoyao and other projects. Rich continuous entrepreneurial experience gave Wu Shichun a different perception of the relationship between entrepreneurs and investors. He is more willing to listen to and respect the ideas and talents of entrepreneurs. “If you are better than entrepreneurs, do it yourself a long time ago. No matter how good investors are, the best entrepreneurs can’t make money.” Wu Shichun’s judgment and thinking on the current venture capital situation may be OK To add confidence to entrepreneurs who are deeply anxious.

II

Recently, regarding the market opportunities under the epidemic that everyone is generally concerned about, Wu Shichun feels that the predictions from investors are ridiculous. We are more willing to wait for entrepreneurs to find good opportunities before judging and revising their perceptions. This article contains a lot of Mr. Wu’s investment views, and I recommend you to read it carefully.

Reporter: You were also a serial entrepreneur before founding PLUM Venture Capital. Do you think this stage is a good opportunity to start a business?

Wu Shichun: If you are prepared, any time is a good opportunity, if you are not prepared, no time.

Reporter: At this stage, everyone generally believes that entrepreneurial opportunities are shifting from the C-side to the B-side. For investment institutions that focus on the early stage, are they encountering some greater challenges?

Wu Shichun: Compared with the so-called mobile Internet boom, the investment environment is actually better now.
First, a lot of bubbles have been reduced, and the impetuousness of many entrepreneurs has been reduced. Second, after the restructuring of the GEM, the year after next year will become an IPO year. Many technology companies will go public much faster than before. This is a good thing for us to make early investments. Investment can be divided into big years and small years. The so-called big year means that there will be a big track and a big air outlet this year, but there are only a few projects that can really run out in a year. There is an analogy. Entrepreneurship is like the ancient imperial examination. Angel investment is the draft talent, the A round is the elector, and the IPO is the middle Jinshi, but there is only one champion every or every three years, and the probability is very low. Just like the current level of Pinduoduo, Toutiao, and Meituan, they also have one in a few years, so no matter whether it is a young or a young year, there are only so many who can get a Jinshi every year.

Reporter: Will there be any changes in your basic methodology in identifying people and finding projects?

Wu Shichun: We still insist on the principle of choosing people more than things. Our methodology of knowing people will only continue to improve. We have all spent money to buy lessons. Investors who have not lost money are not good investors, and investment funds that have not gone through cycles are not good funds. Only if the style is not elegant and persists in accumulating certain advantages, this kind of fund can last forever. PLUM Club has always insisted on investing in the early stage, insisting on investing in the two big tracks of technology and consumption, and insisting on the main thing of investment. What people say is just these points, the pattern, the mentality and the strong heart.

Reporter: In the past two decades, the new economy has been driven by Internet technology. Next, what factors do you think will be driven by systemic opportunities?

Wu Shichun: I think there are essentially two drives, one is technological innovation, and the other is demand-driven.

Reporter: Which direction of technology do you think will bring longer-term opportunities?

Wu Shichun: The application of 5G, the landing scene of artificial intelligence, big data, and some hardware technology breakthroughs will make many products worthwhile to redo.

Reporter: You recently proposed a concept called “Live Internet.” There are already many giants on the live broadcast track. What other links are there for entrepreneurs?

Wu Shichun: When we go to invest, we will not pre-determine our position and make judgments. We will wait for the entrepreneur to find a good opportunity before we go to talk to him and judge whether his knowledge is in place. The investors’ predictions are very good. Ridiculous.

Reporter: Do you trust entrepreneurs more than your own instincts?

Wu Shichun: Yes, we believe in the feeling of entrepreneurs more. If you are better than an entrepreneur, do it yourself a long time ago. No matter how good investors are, the best entrepreneurs can’t make money. They are as high as Huang Zheng’s current net worth. If investors know that Pinduoduo can do so much, they can do it themselves.

Reporter: What abilities do investors need more than entrepreneurs?

Wu Shichun: The ability to listen, balance, and resist risks, because he needs to allocate funds. Some have to invest more stably, and some have more risky investment to achieve balance.

Reporter: Can we still find that kind of opportunity to achieve a thousand-fold growth in a relatively short period of time?

Wu Shichun: Entrepreneurship pursues a hundredfold and thousandfold return, that is turning the cart before the horse. Only by making a good product and satisfying the needs of users and customers can it be possible to survive. After survival, if there is a good exit channel for the capital market, it is possible to talk about returns instead of talking about returns at the beginning.

Reporter: From the perspective of investors, is there such an opportunity?

Wu Shichun: We don’t pursue the so-called one-hundred-to-thousand-fold return. A regular project can have a return of 20 to 50 times.

Reporter: As investors, do you like to see a lot of outlets, or do you prefer that the entire industry is in a relatively stable and low-key state?

Wu Shichun: We definitely like the latter. The wind outlets are places where wealth is destroyed, which will lead to the distorted allocation of social factors. Many entrepreneurs also blindly create some concepts to cater to the appetite of VCs. This not only wastes social talents, but also wastes social funds.

We are so-called financial workers who help LPs manage funds. We hope that the more rational the society, the better. The society should encourage innovation and entrepreneurship, but not everyone is suitable for entrepreneurship. Whether it is because of the understanding of entrepreneurship, the depth of cognition, the anticipation of the difficulty of entrepreneurship, or the endurance of the whole entrepreneurial process, most people are not suitable for entrepreneurship. The right people should get the right money, get the support they deserve, and then change an industry, a field, or even society. Mismatch of funds will lead to a great waste of social wealth.

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