Linking The World To The Palm -- Wang Weijia'S Pioneering Story Of Silicon Valley

Wang Weijia: born in Xi'an in 1958, in Weinan in Shaanxi in 1976, in 1977, she was admitted to the radio Department of University of Science and Technology of China, earned her master's degree in 1984, studied for Ph.D. in Electrical Engineering Department of Stanford University in 1985, and graduated from the US Pacific Bell Co, cellular data company and Intel company. She founded Gwcom in Shaanxi and served as general manager until now.

In July 28th, ----1998, known as the "information king" two-way personal mobile information machine, was first launched by the Shanghai national communications Limited by Share Ltd in the world and began to provide information services.

This information machine can be linked to Internet in wireless mode and can send and receive e-mail, and is compatible with the existing one-way paging system.

The use of this information machine marks the birth of a new industry in the global market worth up to US $1 trillion, the birth of the personal mobile information industry, and the people who brought the global revolutionary technology and products to the world are Wang Weijia, a Chinese who studied in the United States and founded in Silicon Valley.

The biggest gain of my doctorate is self confidence, "Wang Weijia said." if there is a way, for example, if I can achieve self-confidence through hypnotism, I will save time to read a doctor. "

It may not necessarily be a doctorate to create an enterprise, but Wang Weijia's doctorate training provides him with a systematic way of thinking and knowledge of institutional knowledge, which is of great benefit to the successful establishment of his company, MAE Tong, and the development of a global enterprise with great prospects.

The company founded in 1994 in the US Silicon Valley.

At the early stage of creation, Wang Weijia explicitly defined the direction of the development of enterprises in providing mobile information services to individuals.

"At that time, we saw three main trends in modern technology," Wang Weijia said. "The first trend is that computers will develop from desktop to handheld. The second trend is the rapid popularization of wireless communications, including mobile phones and pagers, and the continuous decline in communication costs. The third trend is the big bang of the Internet.

So our business idea is whether we can combine these three most important technologies in the contemporary era, and connect to the Internet network terminal through wireless internet access. If possible, people can see any information anywhere in the world with a little bit of light.

According to the concept of personal mobile information service, which was first put forward by the American Express Company, Wang Weijia and American com started their entrepreneurial process.

The road to thumb is the key to the establishment and development of hi-tech enterprises.

"The success of Silicon Valley lies in its operational mechanism first, namely the close combination of strong capital and ambitious entrepreneurs."

Wang Weijia said, "although there are more than 600 Vc firm in the United States, and half of them are in Silicon Valley, for entrepreneurs, familiarity and understanding of venture capitalists and their operation mode is a key prerequisite for financing success.

Besides, in the process of contacting with venture capitalists, entrepreneurs must also have professional performance and adequate personality toughness.

Wang Weijia's first experience of financing was very dramatic.

At the end of 1993, Wang Weijia attended a lecture on venture capital.

Before the meeting, Wang Weijia had developed the idea of developing personal mobile communication information terminal.

At the end of the meeting, Wang Weijia went to the podium to talk about his entrepreneurial ideas to the speech venture capitalists.

After listening to his "story", the venture capitalist gave Wang Weijia a telephone number and said, "we'll talk again sometime."

After that, Wang Weijia called the venture capitalist for three consecutive days. No one answered, but Wang Wei Jia kept patiently leaving voice messages every time.

Finally, one day, the venture capitalist called Wang Weijia back and agreed on the time and place to meet.

When two people meet, the investor says, "do you know why I am not answering the phone?

This is actually a test for you.

If you can't overcome the difficulties of calling, I will never turn to you.

Because an entrepreneur must have basic qualities that are not afraid of difficulties.

After six months of negotiations, Wang Weijia finally got the first venture capital of 2 million dollars from two Vc firm in MKGlobal and TongYangVentures in July 1994.

Wang Weijia also became the first person to get venture capital from mainland Chinese to the US.

The success of the first financing not only enabled Wang Weijia to start his venture ventures smoothly, but also made him fully understand the mechanism of the whole venture capital operation, thus pave the way for his subsequent three financing.

In 1995, Wang Weijia successfully raised $7 million from Vc firm such as InternationalVenturePartners and AlpineVentures. In 1997, he successfully raised $9 million from Vc firm such as IDG and W.I.Harper, and in March 1999, he successfully raised $12 million from Intel.

Before and after the four financing, Wang Weijia from the total number of 7 Vc firm totaled 30 million dollars.

This amount is not only the largest in mainland Chinese circles to the US, but also among the many venture capitals supported by venture capital in Silicon Valley.

The four successful financing experience made Wang Weijia almost a professional venture capital expert and accumulated valuable experience in financing.

"If you want to succeed in financing, you must first adhere to the principle that you should always talk more about it," Wang Weijia said. "Secondly, we should choose the right investors. There are two criteria for judging the right investors. One is to have investment experience in the industries that your enterprises belong to, and the two is to have sufficient funds. The third thing that entrepreneurs should pay attention to in the financing process is to control the pace so as to smooth the progress of several negotiations. Fourth, what is often ignored by entrepreneurs is that there should never be any illusions before money enters their bank account, because as long as the money has not yet been fulfilled, there is always a possibility of change.

In the Silicon Valley, venture capital backed venture companies have a less precise rule of thumb, that is, the thumb law, which means that every ten venture capital firms will have three enterprises collapsed, and three companies will grow into a small company of twenty million dollars and stagnate there, and eventually be bought; the other three enterprises will be listed and will have a good market value, and one of them will become a bright new enterprise star and be called "thumb".

Wang Weijia, who is confident, has no doubt that the company is such an enterprise. Many venture capitalists' huge investment in the company may seem to strongly support his belief.

Wang Weijia's Law: the three smelly cobbler can never be Zhu Geliang, Wang Weijia. Many of the money he spent in this area is not only used for equipment development, production and market promotion, but the main expense is to hire people in Silicon Valley.

"The advantage of Silicon Valley is that people are very smart, but at the same time they are also very expensive."

Wang Weijia said, "if the money can be employed to a large number of people in the country, it will not be possible because the domestic people have no experience.

There is such a rule in the field of high technology. My formulation is: three smelly cobbler add up or three cobbler, can never be Zhu Geliang!

As far as software is concerned, a particularly good person can invent Unix or Java by himself; however, if you use a mediocre person, even if one thousand people are together, you can't make it happen.

One of the most important features of high technology is that human sea tactics are useless, so we prefer to hire the best people at a high price.

In fact, it is precisely because of the collection of such a group of high intelligence and high prices from MIT, Standford, Berkeley, Lino and other famous universities that it can put forward the important concept of technological revolution and enable the company to participate in leading the new technological revolution.

Among them, Dr. Guo Kun Kun, founder of the American communications company, is one of the pioneers of Internet because of the invention of the wireless computer network.

"The most sophisticated talents in the world for Internet wireless access research are basically in our company."

Wang Weijia said with pride.

Talent is the key to the success of high-tech start-ups.

In an era of increasingly global economic integration, as all kinds of production factors need global allocation, the market must also be coordinated and considered at a global level.

Therefore, whether or not we have talents with global vision is the key to Chinese enterprises' global competitiveness.

"In the past, we allowed foreign companies to enter China, and we always said that we should take the market for technology," Wang Weijia said. "In fact, it is impossible to change technology. The only thing we can do is to use the market to replace talents.

Even if he gives you the sincerity of the technology, you will surely lag behind when you do it, because the technology is developing too fast.

But technology is dead, people are alive, so attracting talents is the most important thing.

If foreign enterprises have contributed to China in the past decade or so, its biggest contribution is actually not how much money and technology it brings to China, but because it has trained a number of talents with international perspective for China.

In an economic model based on innovation as the fundamental driving force for growth, intelligence is increasingly capitalized and requires the sharing of enterprise surplus.

For high-tech enterprises whose main factors of production are human intelligence and innovation ability, it is particularly important to form an effective mechanism to encourage innovation.

"Our company is the same as all Silicon Valley companies," Wang Weijia said. "Every employee from vice president to Secretary has stock options, the so-called Stock Option".

It is precisely because of the existence of a series of such mechanisms that enterprises in Silicon Valley can push people's subjective initiative and intelligence into full play, and turn all employees into self-motivated people.

To start a business is a fatalism. If a person graduated from Standford's electrical engineering department and worked in Silicon Valley for several years instead of being an entrepreneur in Silicon Valley, it would be a little incredible.

On average, every 5 days a company goes public, and Silicon Valley, which produces 62 millionaires a day, has become an economic myth all over the world.

"The United States, the only superpower in the world, is a super complex system supported by four legs," said Wang Wei Jia. "These four legs are Silicon Valley of creating new wealth, Wall Street for improving economic efficiency, Washington for redistributing wealth, and Hollywood for improving people's quality of life.

The first wealth generating center in the United States has been pferred from Detroit to Silicon Valley.

Silicon Valley's total market capitalization is currently 600 billion dollars, far exceeding the total market capitalization of only $100 billion in Detroit, of which only one Cisco company has a higher market value than the total market value of GM, Ford and Chrysler's three largest auto companies.

The millionaires in Silicon Valley had 50 thousand in 1994, and further increased to 200 thousand by 1997.

In such an atmosphere, entrepreneurship is a natural thing. "

But Wang Weijia's entrepreneurial determination has to go back to the farther time.

As early as 1984, the people's daily spent 3 months carrying a book entitled "Silicon Valley fever" written by a professor of Stanford University, which aroused the strong interest of Wang Weijia, who was studying at University of Science and Technology of China, and the idea of studying abroad from Standford came quietly from then on.

At the beginning of 1985, Wang Weijia won the assistant research grant of Stanford University.

"I remember the night I got off the plane," Wang Weijia said. "I was really excited about how the Chinese students of the Department of electrical engineering, Stanford University, organized a discussion on how to start a company.

From the perspective of personal character, I always prefer a stimulating job, which is probably my destiny.

Wang Weijia said, "when I was working in other companies, there was always a sense of what I was looking for; since I founded a company, I was steadfast in my mind.

Through my own pioneering career, I have also discovered the difference between Chinese and Americans.

I am still more daring in the Chinese people in Silicon Valley, but I am still thinking about going to business after reading the doctorate, and Bill Gate dares to drop out and start a business in the first year of college.