How does venture capital squeeze entrepreneurs for quick success and instant benefit?
Speaking of this era, what is the most profitable? I believe that most people will have a consistent answer: the Internet. However, the well-known Internet giants Ma Yun and Ma Hua Teng were not chaebol with huge wealth at first. They can all be said to have changed from a creative entrepreneur to a successful entrepreneur, just with good ideas and technology. Sorry, that's not enough. At this time, we should see the people behind these successful entrepreneurs. Their names are venture capitalists. We saw Masayoshi Son behind Ma Yun and Li Ka-shing behind Ma Hua Teng. It is these great venture capitalists who have promoted the success of Ali and Tencent through their own knowledge and capital.
So what is a venture capitalist? Jeffrey Bass, a famous American venture capitalist, pointed out in his book "Entrepreneurship, How to Deal with Venture Capital" that venture capitalists are such a group of people who find brilliant entrepreneurial ideas in the vast sea of people, provide funds for these ideas, and provide intellectual support for those who have excellent new ideas.
Is this person who exists as an angel doing charity? No, according to Basgen's definition, venture capitalists are also a group of people who aim at making profits. The venture capital company they set up is a fund composed of people who provide funds to the company. They get a part of the management fee from these funds every year, which is their basic salary. Most of their income comes from how much income the projects they invest bring to shareholders, and they divide it according to these profits. Driven by this incentive mechanism, venture capitalists will do everything possible to make these startups better.
There seems to be nothing wrong with venture capitalists here. They provide funds, they provide intelligence, and they help startups develop. However, when we put these definitions into the case of Dr. Chun Yu, we will find that everything has changed. Aring Zhang started as a reporter for a Beijing newspaper and later became the deputy editor-in-chief of Netease. 20 1 1 He founded Dr. Chun Yu to let patients consult their doctors online, thus avoiding the trouble of queuing in the hospital. All this is wonderful, but when financing, that is, venture capital, appears, the problem comes. 20 12 Aring Zhang entered the most difficult stage of his life when the venture capitalists gave Aring Zhang a round of financing. He often suffers from insomnia and sends emails to people at two or three in the middle of the night to discuss product design or business model. I ran to the major investment sites early in the morning, spitting at people and explaining the commercial value of spring rain. Speak the same content at least twice a day and answer all kinds of irrelevant questions.
Aring Zhang himself once recalled that he couldn't eat well and sleep well every day. Before going to bed at night, he will worry about what to do if the capital chain is broken. In the morning, he cheered up and encouraged himself to say that his products have solved the pain of so many people, so valuable, they will definitely get the money, just "destiny takes a hand." However, Dr. Chun Yu, who survived the B and C rounds of financing and entered the D round of financing with a valuation of more than 654.38 billion US dollars, finally put Mr. Aring Zhang on the road of progress.
Let's analyze it. What's going on? In fact, venture capital system is a very effective incentive system, which encourages investors and entrepreneurs to realize the value of enterprises together. However, there is a problem with this system in China. Due to the serious Internet bubble in China, Internet companies developed themselves by burning money after another round of Internet bubble, which led to their extreme dependence on venture capital. So, it entered a strange circle. Entrepreneurship needs funds, and the Internet needs to burn money, so it needs venture capital, and venture capital needs performance. Therefore, it forces entrepreneurial enterprises to accelerate their development. When they accelerate to a certain extent, they become reckless lunatics for immediate interests. However, the more financing they burn, the more venture capital they need. Just like opium, venture capital provides capital opium, which continuously crushes the potential of entrepreneurs and eventually destroys the future of entrepreneurial enterprises and even entrepreneurs. For a venture capitalist, the result he needs is that the company will not go public, or the capital will withdraw to realize the income, and how can he care about the flood after he leaves?
Is there anyone wrong with this logical chain? No, entrepreneurs need capital, venture capitalists need performance, and venture capital funds need profits, but this era of quick success is wrong. They make entrepreneurs like a clockwork gear, which can only move forward and cannot stop, and eventually lead to the tragedy of entrepreneurs.
How is the entrepreneurial tragedy transmitted to ordinary people?
Indeed, many people will sympathize with the story of entrepreneurs, but most people will not think that this has anything to do with us. Unfortunately, entrepreneurship is a matter for a few people, but this bubble form will infect every industry. His transmission mechanism is like this. The rise of the internet has made all enterprises and entrepreneurs see hope, and venture capital is the person who hatches these hopes. By incubating venture capital, the process of entrepreneurship is accelerated, and successful enterprises make entrepreneurs wave after wave. The cross-border of entrepreneurial enterprises has made all industries move, and the atmosphere of quick success and instant benefit has begun to affect everyone, even damaging everyone's health:
1
The heavy pressure of start-ups
When entrepreneurs face serious pressure on venture capital performance, startups will inevitably bear this pressure together, so we have seen the 996 working system of these enterprises in 58 cities and the endless overtime work of startups. It is true that Internet companies have high wages, and the prospects for startups are amazing, but the pressure is even more amazing. How many Internet companies work overtime has become the norm, and how many entrepreneurs work endlessly, which finally leads to the prevalence of sub-health in the Internet industry.
2
Overall influence of multinational enterprises
If overtime is the business of internet companies and has nothing to do with other companies, this sentence may be correct ten years ago. Now Internet companies have started various cross-border trips, such as Alipay, WeChat cross-border finance, Didi taxi cross-border rental, Ctrip cross-border travel and so on. It can be said that basically all industries closely related to everyone's life have been crossed. The final result of this cross-border is that the enterprises that were not affected originally began to be influenced by the Internet. Coupled with the "internet plus" plan put forward by most enterprises, enterprises in China tend to move closer to Internet enterprises. However, the result of convergence is often that wages are not close, but work intensity is beginning to approach, and more and more sub-health has spread from the Internet field to various fields.
three
The atmosphere of quick success and instant benefit in society
In addition to the cross-border impact on enterprises, what is more serious is the change of social atmosphere. Once upon a time, China was proud of his diligence and courage. However, under the influence of the Internet, a large number of wealthy stars appeared in front of everyone. The existence of venture capital has brought great benefits to entrepreneurship and created many successful enterprises. However, a bad atmosphere is spreading, that is, entrepreneurs do not aim at starting a business, but at defrauding venture capital. Venture capitalists do not aim at guiding entrepreneurship, but work hard to withdraw funds. These ethos of putting the cart before the horse spread from the entrepreneurial world, and its appearance began to guide many entrepreneurs to get quick success and instant benefit, and these entrepreneurs who became rich in a short time led to an influx of people who were not suitable for starting a business, thus making the whole society become quick success and instant benefit. Under the influence of this ethos, the enterprise started a round of development leap, and the work intensity of employees began to increase again.
four
The extension of working hours brought by the development of Internet.
If the above three factors are still one-sided, there is a deeper problem in the Internet and technological revolution triggered by this round of venture capital, that is, the emergence of Internet technology makes the work in fixed places less important, and communication tools such as mail, QQ and WeChat make the time beyond 8 hours be occupied a lot, which invisibly prolongs the working hours of employees and increases the work intensity. Originally, due to the limitation of space, I couldn't work after work, but now with the tools of the Internet, overtime has become ubiquitous while providing us with convenient life. Every reader can ask whether he started working unconsciously after work, and still replied to WeChat and email during the holidays.
The author thinks that the venture capital mechanism is not a bad thing, but it has changed its taste in China, becoming quick success and instant benefit. Under the influence of this mechanism, this kind of internet atmosphere is extending from the entrepreneurial team to all aspects of China enterprises, and it unconsciously occupies everyone's spare time through social software channels, and finally makes sub-health spread among all office workers. This problem may affect everyone differently. However, should we stop running and ask ourselves, am I in a hurry? How long has it been since I took exercise? How long has it been since I was with my lover?
Viewing Jiang Han, the official account of World WeChat from an economic perspective ID: jianghanwiew