The lesson sums up the failures of 17 start ups in ChinaEntrepreneur those things that investors did


is probably due to do before the students in the news media reporter hunbuxiaqu have entered the investment industry, micro-blog now has more myth than chicken soup. In order to avoid some of the students did not apply sunscreen into the fire, I slightly to pour cold water.

failure of 17 Chinese start-ups

entrepreneurship is at least three to 5

net night turned out, Yitang quickly in the major colleges and universities in the country quickly take cities and seize territory, "burn": in addition to the establishment of a branch in Beijing, Guangzhou, Shenzhen three, Yitang also widely recruit staff, and around the massive propaganda campaign. At the end of 2000, the Internet’s winter suddenly, money burned half billion, is still not profitable. After the transformation has not been successful, 2008 billion company only shell, the former "dream team" burn money in the company have also choose to run away.


claims it is not only Internet Co Yitang, is also a "lifestyle group", is committed to the network, retail and wireless service creation and the introduction of international advanced level of lifestyle products, services to the so-called "Ming Huang e-generation" in 18 to 35 years old, the definition of China economic and cultural future of young people.

many people still remember the 2000 Beijing streets of the little Yitang billboard, "follow YAHOO ad that today if you really let Yitang" Yitang scenery for a long time. Want to do one for Chinese billion young people cover and contain everything Internet portal. They define the young Chinese as "Ming Huang"".

with a business plan for attractive, about two billion to get a total of $50 million in financing from two famous American venture capital DFJ, SevinRosen.

of course, this is not unfair, after all, investors also invest in real money, but entrepreneurs must understand what they are doing, learn how to manage their own risks.

failed lesson: lack of positioning, excessive financing,

billion net

investment itself is like a game of chance, also bought dozens of horse horse, as long as one can draw enough they earned, and entrepreneurs have to ensure that this game must beat is yourself, because if you win is another company with the same investment. It is not your half dime. If you don’t understand Tian Ji, you can think about the relationship between the goddess and the spare wheel.

I live close to the church in Haidian, so I often meet missionary people when I go to work. The church is next to the garage, so when I eat can also meet some extremely excited people. Recently, 3W has moved here too, and I’m afraid I can meet someone who can do MLM later.

so if you just want to create what, but do not want to earn money for the company to find a few like-minded scorched by the flames, in fact, friends on weekend time to do well on the GitHub.

1999, on the eve of the first Internet bubble burst, just won the Harvard Business School MBA Tang Haisong created billion company, the "dream team" consisting of 5 MBA and two MBA of University of Chicago harvard.

One of the three

is a business venture industry, meaning, no matter how you want to change the world, it is the first to get a business; whether you are product technicians or operators, first you have to be a businessman, you give the customer value, the customer to give you the money. However, finding the value of a Chinese Internet user willing to pay is not so easy. I don’t believe so. How much did you pay for Internet service?.

video site Youku, potatoes and cool 6. Which Youku Koo and Li Shanyou are Sohu, Wang Wei is the young potatoes. Once the rash and too much in haste.

, intentionally or unintentionally, many media and investors are struggling with the distinction between innovation and entrepreneurship. Although they are all beginning, they are entirely different things. If innovation is love, then entrepreneurship is marriage, and is the kind of failure – basic and love relationship is not big, and money is very big.

your risk is much higher than the risk of investors, usually more than investors tell you the risk. Take exit as an example. When the new investment comes in, the original investment has the opportunity to quit and you only have the company listed or sold.

in my opinion, the biggest problem is that there is no positioning failure yitang. It’s also a problem for most Internet startups. Exaggeration, unwilling to sink the heart to help users solve practical problems, but fantasy, with money can be smashed out of an Internet group. The Internet can be said China Yitang did not make any remarkable contributions, perhaps the only contribution is to provide a very bad investment case. It was born with a golden spoon, the noble, tens of millions of dollars of money in exchange for only a sigh.

2. Cool 6 nets

many entrepreneurial classmates thought that investors were on their side – he gave me so much money and he certainly wouldn’t want me to fail. Yes, the investor is with you on a ship, but one thing to make sure is that they are on foot.

investment is a probability game, but entrepreneurship is not

entrepreneurship is not equal to innovation

development: in May 2009, etang was no renewal domain due to public auction, the final auction price of $35 thousand in investment.