Chen Yizhou: Feelings Of Independent Entrepreneurship

"At least now thousand oak has been bigger than some NASDAQ China concept stocks."

Chen Yizhou said thousand oak group is not short of money. If it finds the best time to market, it will definitely be a rare big guy.

"The scale of thousand oak has been very large. We have only received investment to prepare for the next round of acquisitions."

Chen Yizhou carried a can of MR.BOND and a can of Red Bull drink, and walked happily into a small conference room outside Beijing headquarters.

Chen Yizhou is chairman and chief executive officer of thousand oak interactive group.

He is in charge of China's most popular Internet community cluster, which naturally includes MP network.

The two venture

In March 2004, Chen Yizhou bought the cat pun network from the individual by way of equity replacement.

2 years later, the mop network traffic ranking has increased from 3000 worldwide to 30, making it one of the most popular Internet communities.

The reason for buying the mop is very simple, because Chen Yizhou himself is a mop fan.

He is very fond of a cat's flutter and a thought-provoking position. "Since I can't do it, I'll buy it."

Chen Yizhou, pointing to the computer, "flaunting" his ninth - level cat - and - 8 - and 9 - digit mp. "MP" is a community currency that the cat can use to buy and sell directly with the renminbi.

"In 2006, the scale of 1000 oak will at least double."

Over the past few months, the number of employees in thousand oak interactive group has doubled.

Not long ago, Chen Yizhou's company gained $48 million of venture capital, including GA, DCM, TVC, AccelPartner and Lenovo investment.

This also allows him to spend more time in the management of the company, rather than as happy as ever.

Feelings of independent Entrepreneurship

Some people regarded the venture capital of $48 million as a signal before 1000 oak listed, but Chen Yizhou did not see any connection between them.

"Actually, thousand oak is not short of any listing conditions.

If I were the first to start a business, I would like to be able to finish the market earlier. "

Chen Yizhou is one of the few people who has experienced two Internet bubbles.

The second venture, he gave thousands of oak group and the Internet community as far as possible to consider.

Chen Yizhou has a sense of independent entrepreneurship. Even if he has high salary, he will not work for others.

He said he would like to thank his Standford School of business, which is a very entrepreneurial place.

Nowadays, many large international companies, from HP to Sun, Cisco, to Yahoo, Excite and eBay, are all founded by Standford's students.

"At that time, the Internet business was nothing more than two, one is advertising, the other is community charges.

And I like the direction of community, and I still stick to the train of thought at that time.

Chen Yizhou could not help sighing when he recalled the scene of his pioneering work.

At the end of 1998, Chen Yizhou led the "Standford China Internet Symposium".

Every two or three weeks, Standford's Chinese students gathered to talk about the Internet.

During the discussion, Chen Yizhou and two Standford alumni, Zhou Yunfan and Yang Ning, gradually formed an entrepreneurial tribe. They finally chose to be an Internet virtual community.

In the last century, investors in Sandhill Street (Sha Shan Road) started venture capital, where almost all the Vc firm in the world were concentrated.

In 1999, just after the new year's day, Chen Yizhou took the business plan made by three people together and drove to knock on the door of the Silicon Valley to find investors.

Not long after, Chen Yizhou got his first $about 2000000 investment and returned home in May to start his first venture, which is the Chinaren community later.

In 2000, Chen Yizhou sold Chinaren to Sohu, Zhang Zhaoyang, and he got 440 thousand shares of Sohu shares.

At that time, the value of shares per share of Sohu was only $1.

Chen Yizhou believes that the value of Sohu is far undervalued and has not rushed out.

In July 2003, Sohu's stock price reached the highest level of 39.74 US dollars / share.

Relying on Chinaren and 440 thousand shares of Sohu stock, Chen Yizhou completed the primitive accumulation of capital.

Continuous acquisition

Chen Yizhou has been having a lot of fun in buying and selling things.

While studying at Standford business school, Chen Yizhou sold his car to Liu Jian, a teacher, for $6000.

In the next six months, Liu Jian regretted that the cost of repairing the car soon surpassed 6000 dollars.

Liu Jian, who has lost his fortune, is currently the chief strategy officer of thousand oak group.

Thousand oak group is Chen Yizhou's second venture.

This round of entrepreneurship, Chen Yizhou will not be easy to sell.

"We have a lot of influence in the community. Venture capital's requirement for us is long-term investment. There is no fixed mode and no restrictions."

The company maintains trust and dependence among venture capitalists, and even two venture capitalists are his Standford alumni.

This allowed Chen Yizhou to put aside his mind and consider things in the next few years or even more than ten years.

DCM is one of the 5 venture capitalists of the 1000 oaks group.

At a yacht dinner in Shanghai in 2005, Zhao Keren, founder and managing partner of DCM, met Chen Yizhou for the first time.

After that brief chat, he decided to invest in the 1000 oaks group, which is the largest single investment in DCM since entering China.

In the next few years, DCM will invest at least 4 billion yuan for China's high growth projects.

GA is another internationally renowned venture capitalist with billions of dollars in control.

A few weeks ago, GA, the head of the US west coast, ran to Beijing and sat outside the headquarters of the 1000 oaks group for a week, and finally signed a contract of nearly $30 million.

The tradition of GA is to make 10 lists each year.

48 million dollars is not a small sum.

"Financial Times" reporter asked Chen Yizhou, in his mind, the thousand oak group is worth hundreds of millions of dollars, or more than a billion dollars, Chen Yizhou did not set the right.

"At least now thousand oak is bigger than some NASDAQ China concept stocks."

Chen Yizhou said thousand oak group is not short of money. If it finds the best time to market, it will definitely be a rare big guy.

Chen Yizhou is very familiar with the Internet economy in the United States.

From the comparison of the total amount of Internet advertising between China and the United States and the relationship between Internet advertising and GDP, he learned that the growth rate of China Internet Corporation will remain between 30 and 40 times over the next few years.

Chen Yizhou said that in the next 1 years, he will continue to explore and acquire highly growing Internet Co, especially those with the advantage of Internet technology.

"The company we buy is not too big. It must have a unique product and a good team."

More and more Internet Co will link up with the entrepreneurial madman.