My Age of Investment

The Entrepreneurship Training Camp of Envision College takes into account the busy work of founders and entrepreneurs, so it does not take up too much spare time for everyone.

If too much energy of the entrepreneurs is distracted by the training and classes, resulting in a delay in the development of the enterprise, then it is a bit of putting the cart before the horse.

Therefore, the college only arranges two days of intensive study each month.

The first day is to visit Ahli, so that everyone can get close contact with this thriving Internet company, and learn one or two useful nutrients from Ahli's development history, corporate organizational structure, and culture.

On the second day, everyone came to the Entrepreneur Club on the 86th floor of Jinmao Tower.

In the business conference room more than 300 meters above the ground, a unique entrepreneurship training course was held.

Sitting in the meeting room, through the huge transparent floor-to-ceiling windows, you can overlook the cityscape on both sides of the Pujiang River and the gorgeous scenery of the Yangtze Estuary.

Taking classes in such an environment, the students will feel much better, and will also have a psychological feeling of the highest palace, because it is really high, from the top to the bottom, cars are as small as ants, let alone people up.

"There is a set of internal "biological" laws in the change of corporate organizational form. Do you know what the specific laws are?"

Xia Jingxing stood on the stage with his hands behind his back, looking at the more than 20 students sitting below him, looking like an old pedant.

The scene fell silent in an instant. Entrepreneur students looked at me and I looked at you, scratching their heads and thinking hard, but they just couldn't answer.

It’s not their fault either. Organizations and biology are linked together. Who can understand these new terms?

If you want to blame, you can only blame the teacher for being too high.

"Ma Yun, you answer."

Seeing that no one took the initiative to answer the question, Xia Jingxing simply called the name of the chief class representative.

Ma Yun sat in the front row, with his hands on the table, his waist straightened, and he looked like an excellent student obediently listening to the class, and wearing a red scarf was perfect.

Suddenly, Xia Jingxing clicked on the outstanding student's name.

In fact, Ma Yun was in a panic, but he still pretended to be calm and stood up quickly.

this question,

But it really stumped him a bit. If he could not answer well, he would make a fool of himself, which would damage his glorious image as an outstanding student and a $4 billion CEO.

After thinking hard for a while, Ma Yun asked in an uncertain tone: "Biological laws mean that the enterprise organization will continue to evolve as it develops?"

Xia Jingxing looked at Ma Yun with a smile. What he asked was the specific rules, but Ma Yun didn't answer the question.

Forget it, good students should be taken care of and save some face.

Xia Jingxing nodded with a smile, lightly waved his hand to signal Ma Yun to sit down, and directly put down the PPT.

Point to the pictures and text that appear on the screen behind you, and start introducing.

"A newly established company that has not received or only received angel round investment usually has zero revenue and may have fewer than 10 employees. I call the stage that such companies are in the original value verification period.

At the same time, I call their development process from 0 to 0.1, rather than from zero to one commonly used by the outside world, and subdivide it a little more..."

Xia Jingxing looked at the students who were looking up at him with a smile, and said, "At this stage, its organizational model is individual division of labor. Think about it, everyone?"

"Yes, yes, that sums it up well."

Wang Wenjian from Sunny Optics nodded fiercely, "I founded the Yuyao No. 2 Optical Instrument Factory with eight high school graduates. Basically, everyone was in charge of their own affairs. There were not too many rules and regulations, and everything was done on a conscious basis."

Wang Wenjian's words aroused the emotional resonance of the people present, and they all nodded their heads.

No matter how big their business is now, they have all come from this stage.

Except Jack Ma!

Seventeen people followed him when he started his business, which is considered a high match.

However, Ali is Jack Ma’s third start-up after China Yellow Pages and Foreign Economic and Trade Website. It can be regarded as a continuous start-up, so the team configuration is higher than that of many first-time start-ups.

"When this original value is successfully verified, such as the website is built and the product is successfully developed, it will enter the second stage - the business model verification period."

Xia Jingxing changed a set of PPT pictures and continued to introduce: "At this stage, I call it from 0.1 to 1. The financing stage is in the A round and A+ round, and the number of employees may reach 50, or even 100, or even more. many.

This will put forward higher requirements for management work, and the division of team functions is required, such as the establishment of a certain department. "

Looking at Li Xiang, Xie Zhenyu, Zhang Tao and others in the audience, Xia Jingxing said in a deep voice, "There are many students here, and your company is at this stage.

This is a very critical stage. Whether you are a dragon or a worm, soaring into the sky, or stagnating, or even falling into the dust, this stage is the watershed for you. "

Speaking of this, Xia Jingxing's heart was quite heavy. In his previous life, several companies he ran had all died at this stage, and ninety-nine out of ten entrepreneurs would also be stuck at this stage.

What Xia Jingxing said immediately aroused the students' thirst for knowledge, wanting to hear Teacher Xia's solution.

Li Xiang, Yang Haoyong and others even raised their hands high, wanting to ask questions.

"Li Xiang, you should ask first!"

Seeing that Teacher Xia asked him to be the first to ask a question, Li Xiang stood up happily like a pupil who had just been appointed by the teacher as a class representative.

He smiled and asked, "President Xia, how should we break through at this stage?"

Xia Jingxing smiled faintly, "Multiple paths!

The first is experience. If you have joined an entrepreneurial team and witnessed them start from scratch, they are close to listing, or have already been listed.

You can learn how to avoid various pitfalls in entrepreneurship and apply the experience you have learned to your own business.

Of course, it cannot be applied mechanically, and there is no absolute guarantee of successfully avoiding various pits, but the probability of avoiding them is higher.

This is why venture capital institutions prefer serial successful entrepreneurs, or entrepreneurs who have jumped ship from large companies. "

Hearing this, Li Xiang's heart turned cold, "I ran out to start a business without studying in university, and I never stayed in a large enterprise.

You and I see, is there still a chance? "

So you are expelled from the car home by capital!

Xia Jingxing slandered in his heart, and replied with a smile: "This involves the second path, if you don't have experience, you can only continue to try and make mistakes.

If you are lucky and you repeatedly bet on the treasure, then you are the chosen one. After all, if you want to succeed in starting a business, luck also plays a large part.

Of course, the greater possibility is that the head is full of bags. "

The students all laughed out loud, and the classroom atmosphere seemed very relaxed and active. After all, classes like the Entrepreneurship Training Camp emphasize equality and classroom interaction, which is different from the nine-year compulsory teaching.

"Then how can I avoid running into a wall, or betting on a winning prize?" Li Xiang continued to ask tenaciously.

"Improve yourself and make up for the shortcomings of the team."

These words were not only for Li Xiang, but also Xia Jingxing for other entrepreneurs present.

Looking around at everyone, Xia Jingxing continued with a serious expression: "Improving yourself is a very broad topic, so I won't go into details. I will focus on explaining how to make up for the shortcomings of the team."

"A team may have a good idea, which makes them receive angel round investment, even because the product and website are indeed rare in the market and develop rapidly.

But the truth is, are they absolutely good?

Maybe the products and ideas are good enough to cover up the lack of ability and experience of the entrepreneurial team.

Once a strong competitor appears, they may be overtaken in a corner immediately. "

Looking at the students with pensive faces, Xia Jingxing continued to teach: "So, whether you start a business or be a human being, you must reflect on yourself three times a day, and correctly understand and analyze yourself.

If you find that you are lacking in ability or you are not good at some areas, don't try to escape, let alone overpower, but have to find a way to solve the problem.

How to solve it? Make great efforts to learn by yourself, or introduce suitable senior management talents.

Don't be stingy with equity. If things fail, no matter how much equity you own, it is a piece of waste paper. "

Wang Wenjian, who is nearly 60 years old, once again made a splash. He slapped his thigh excitedly, "Mr. Xia, you said it very well. I have always believed in the truth that "wealth spreads and people gather together, and wealth gathers and people disperse".

Although I founded Sunny Optical, I personally hold only 7.2% of the shares. I have distributed more than half of the shares to hundreds of key employees, including those who cook in the cafeteria and sweep the floor. "

This remark attracted frequent glances from the entrepreneur students present and refreshed the perception of many people.

Jack Ma gave a thumbs up, "Brother, this is your layout."

Xia Jingxing smiled, the old man is a ruthless character, he is very skillful at buying people's hearts.

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It is not uncommon in Silicon Valley to issue shares to canteen employees and cleaning staff, but it is almost uncommon in China.

In particular, Sunny Optical is not an Internet company holding high the banner of "common prosperity", but a traditional private manufacturing company that started with a loan of 60,000 yuan in the 1980s.

This kind of effect of buying horse bones with a lot of money can not only attract talents from the outside to join, but also a great encouragement to the hearts of the insiders.

On the unity of knowledge and action, Wang Wenjian learned a lot of the essence of his fellow Wang Yangming.

When Sunny Optical was first listed, its market value was less than 4 billion Hong Kong dollars. In more than ten years, it has expanded to a market value of 200 billion Hong Kong dollars. The industry giant is one of the best in the world in the field of mobile phone camera lenses and vehicle optical lenses.

The layout is not big, and he is reluctant to share the cake, so there will be no future glory.

In this regard, Huawei and Sunny Optical are quite similar.

After interacting with the students and answering questions, Xia Jingxing pointed to the screen behind and continued to give a lecture: "The third stage, the verification period of the organizational model, I call it from 1 to 100, is characterized by the rapid growth of revenue and profit, which requires the start of Divide the line of business."

Xia Jingxing turned his head to look at Ma Yun, and said with a smile, "You Ahri are currently at this stage."

Ma Yun was overjoyed when he heard the words, and was about to say a few words of modesty, but Xia Jingxing's next words directly made his face stiffen.

Zhou Hongyi looked at Zhi Le from the side, not hiding his true feelings.