Liu Qiangdong: stupid money is now too many entrepreneurs do not take no
TechWeb December 24th news reports, during the inauguration of the dark horse Institute, Jingdong Group founder and CEO Liu Qiang East as the first instructor to 4000 black spot immediately an entrepreneurship course. Liu Qiangdong said in his speech, "now silly money very much, you want to earn more money, because silly money will soon disappear."
Liu Qiangdong said that large companies such as BAT, the founder of the company when the listing of almost 20% equity, after less than diluted by the end of the 20%. Ma Yun has a lot of shareholders, but this does not affect him to become the richest man. Tencent is the same. Therefore, the equity ratio is not the most important, the first is the control, you have to learn to control your business. (rain)
the following is Liu Qiangdong lecture content:
dark brothers, good evening, I’m Liu Qiangdong.
every dark horse students will often hear the chicken soup speech on various occasions, this is my worst. Today, I would like to talk about my views on the control of corporate equity. There will always be people again and again with you and things related to equity venture entrepreneurs, do everything possible to find out, all investors, is to let you have a high valuation.
has a high valuation is a good thing, but there are fatal shortcomings. In general, the vast majority of start-up companies at least three rounds of financing before going on the market, and some even four round, the five round of financing. If one of your valuation is too high, it will give the financing behind the fatal trouble.
if your valuation is too high, when the performance rose two times, the need for refinancing, once the market is not good, new investors do not accept, it is difficult to follow up the old investors, but let you follow the financing problems. So, I hope everyone in the financing process, do not spend too much time on the proportion of equity.
take all the successful Internet companies in China, the majority of listed companies, the proportion of the founders of the equity ratio is less than 20%. However, I would like to say that the small number of shares does not affect the presence of dark horse entrepreneurs in China after 35 years to become the richest man in China, even if you only 10 percent, 20 percent of the equity is enough.
, such as BAT, a big company, the founder of the company listed on the time of almost more than 20% stake, but after dilution, now less than 20%. When Ma Yun venture has eighteen Arhats, there are many shareholders, but this does not affect him to become the richest man. Tencent is the same. Therefore, the equity ratio is not the most important, the first is the control, you have to learn to control your business. In addition, you have to make your business into a large, great enterprise, so even if you have only a small proportion, does not affect you to become China or even the world’s richest man.
I’ve been in this industry for ten years, and I’ve seen the capital of $three