Two Generation Entrepreneurship

They were born in the 70s of last century, carrying the future hope and relay development in China.

As a new generation of strength, how can family businesses go on the road of sustainable development?

Recently, Zhejiang Institute of science and technology held a new generation of entrepreneurs and innovation forum, invited hundreds of new generation and parent entrepreneurs to discuss the future way of family business face to face.

Moses Chan, the representative of Zhejiang Province's two generation of independent entrepreneurs, chairman of Shanghai Tubang information Polytron Technologies Inc, tells about his entrepreneurial story.

When I was not born, my parents started to start a business.

From my childhood, I followed my parents everywhere, and I saw the hardships of my parents from scratch.

In high school, the dream of entrepreneurship has already penetrated into my bone marrow.

After the end of the college entrance examination, I told my good friends four plans to drink tea, and they came along all the way: the freshmen should finish their studies conscientiously and complete the graded examinations, such as English four, six, computer rank examination and so on.

In the second year, we should take part in various social practices to train ourselves, start from student association, learn how to communicate with others, and how to manage people.

When I was a junior, I started my own business.

At the time of my senior year, I hope that my company can go out of school and move towards the society.

When I was in University, I walked on such a step by step.

At the beginning of my sophomore year, I did all kinds of business in school, including books, stationery, cosmetics, clothes, shoes and telephone cards.

I have sold everything that students need.

In 2000, China Mobile launched the dream net SP industry, which brought great opportunities to the Internet.

In the process, my initial entry point was to make phone cards. At that time, there was a very good discount for SMS packages in Zhejiang: 20 yuan could send 1000 short messages, while the same cards in Shanghai could only send 400.

Students like texting most, which is business opportunities.

We bought a large number of mobile phone cards in Hangzhou at the price of 50 yuan per http://elab.icxo.com/ in Zhejiang, Hangzhou and the world entrepreneurship Laboratory for sale nationwide.

In Colleges and universities in Shanghai, these cards can be sold at a high price of 150 yuan each.

In the rush hour, 8000 cards were sold in a week, and sold less than one hundred thousand cards.

I earned nearly ten million yuan in this project, when I was only junior.

After 2005 graduated from University, I did not go home to pick up my father's class, because I think entrepreneurship is more interesting than keeping the business.

After graduation, we worked with some private capital partners to invest in several projects: mobile phone development value-added business, group buying network project, cultural dissemination and advertising projects.

In 2007, I was introduced by a friend, and I met a senior investor in the investment industry. He told me that what you are doing is actually venture capital, but you have to pform from entrepreneur to capitalist.

With the help of my predecessors, I became the managing partner of the 30 million dollar Angel Fund and started my career as an investor.

In the two generation of training mode, young people began to cultivate interest, start from the grass-roots level, and start from scratch.

From the example of Moses Chan, the experience of the merchant sea from his father's eyes has given him extraordinary insight, and his idea of entrepreneurship has sprouted early and set a clear goal.

During his college years, he laid a solid foundation in his studies and began to start his business step by step, so that he embarked on a pioneering career different from his parents.

His new educational background, coupled with his youth, passion and energy, and his keen perception of new things and new business models, gave him the opportunity to devote himself to it.

At the same time, his entrepreneurial preparation for his father's industrial upgrading and pformation, in a sense, is also a kind of business.

The overseas fund has chosen him to be the managing partner of the $30 million angel fund, not only his own experience, but also the resources behind him.

Facing the difficult manufacturing industry in China, this is an excellent opportunity for family wealth to turn from manufacturing to capital operation.

His own resources and overseas capital have added new wings to his entrepreneurial path.

The different experiences, different education, different horizons and different ideas of the two generations have made many rich and new generations go out of the way of success, so that their careers are no longer confined to the professions of their fathers.

For family businesses, it is not only the need to inherit, but also the need for innovation.