January 14 , living in Taiwan recuperate and lack of appearance of Innovation Works CEO Kai-fu Lee , dressed in a trim black suit , made a lecture entitled ‚ÄĚ Digital Revolution: the golden age of¬†innovation and entrepreneurship¬†,‚ÄĚ¬†public speaking¬†.
‚ÄúToday‚Äôs entrepreneurial era than any moment in human history since have brought greater opportunities .‚ÄĚ ‚ÄúFirst Financial Daily‚ÄĚ correspondent saw ,¬†standing¬†on the stage of Kai-fu Lee looked in good spirits , talking calm and powerful.
Speech, he pointed to a number of¬†identification¬†such as Snapchat,¬†Whatsapp, the US group, millet , balance Po and other innovative applications listed on behind the PPT of the audience said: ‚ÄúIf 70% of the above companies do not know , then you OUT of . ‚Äú
Do not want to view the future with the past
Mobile¬†Internet¬†is the explosive growth and profoundly change our lives , but if go down to look at the next five years , Kai-fu Lee believes that today ‚Äės change may be negligible.
Kai-fu Lee expects a big change in the future are: changes that occur in the future are not the product of change . ‚ÄĚ If you just want the car will not be electronic, TV is not smart , then you are wrong .‚ÄĚ His car, for example , ‚ÄúIf you have a little imagination , the future of the whole transport mode will change soon in the future should you can see that the car is no driver , no driving, it will take you where you want when you want. so if you still want a taxi , subway things are little OUT . ‚Äú
‚ÄúThe future of our life, recreation,¬†housing¬†and other aspects will be thoroughly subversive , absolutely can not think about the future with a view of the past .‚ÄĚ Kai-fu Lee said , ‚ÄúFor example , the future of the computer than you should first know where you want to go today , what to eat , where to go . ‚Äú
‚ÄúIf you want to grasp the future , more and young people contact .‚ÄĚ Kai-fu Lee said, in addition to Google, almost every one of the latest applications are his daughter told him. ‚ÄúIn the future this trend will become more serious . Today, ten , fifteen -year-olds are in the mobile¬†Internetera of growth, the future of content they¬†create¬†.‚ÄĚ
With the change in the future mobile¬†Internet¬†market , Kai-fu Lee judgment , future investment in this area will be changed dramatically.
The first change is the company more valuable. In the United States , the value of the past four years for each round of¬†financing¬†business doubled , China may not stop .
And the next , those entrepreneurs who earn a pot of gold , some of which continue to do business or angel investors . Kai-fu Lee said: ‚ÄúIn the best investors in the United States is a young entrepreneur who had their hands and know how to grow start-ups , how to do , China is , they will be investing in the¬†future star¬†.‚ÄĚ
This also means that the traditional accelerators and incubators need slowly changed . ‚ÄúBecause of accelerators and incubators and young angels want to compete they must have their own expertise .‚ÄĚ
Meanwhile , Google , Baidu , Tencent , FB and other giants are crazy big money investment.
‚ÄĚ Behind this is the ‚Äė innovator‚Äôs dilemma ‚Äė .‚ÄĚ Kai-fu Lee interpretation, these giants are very clearly see an innovative company has created tremendous value , but more and more difficult to subvert their own , can not put the past accumulation. So they hit the big money to own a great time can be more than a continuation of the past few years .
And many innovative companies are doing is constantly speculate what a user wants to narrow the field , continue to put this area bigger and bigger , and then become the¬†industry leader.
‚ÄĚ Didi taxi taxi and fast in the past year to burn 2.4 billion yuan , it may sound a little crazy , but in a very huge market leader and a very significant advantage is huge, so throwing money is a worthwhile bet . ‚ÄĚ Kai-fu Lee said.
A very important change of investment, with the increase in all types of investments , future options listed companies will be reduced. ‚ÄĚ Listing need financial transparency , facing shareholders winded , quarterly earnings pressure, but if¬†financing¬†1 billion , $ 2 billion in private markets , to solve the problem of employee motivation , we do not want listed on the stock market to attract these businesses will be more be more difficult . ‚Äú