Exclusive Interview With Deng Feng: Venture Capital Is Not Necessarily The Best Financing Channel.

　 In the fourth phase Entrepreneurship On the rostrum, the reporter saw Deng Feng, from the entrepreneur to the entrepreneur. Investment Man, Deng Feng is successful.

We know that many people have invested in northern lights, and the Chinese online, Kaixin and Hanting Hotels chains have invested in the industry.

Many of the audience listed to the northern lights initiative, and wanted to find out which entrepreneurs and venture capitalists value. project 。 Therefore, as the president of the aurora borealis, Deng Feng was besieged and pursued by the "star stalkers" at the scene.

At the forum, Deng Feng mentioned the three elements of moral values that entrepreneurs should have. Among them, ideals are ranked first and the other two are responsibility and bosom. Deng Feng believed that ideal is the primary quality of entrepreneurs. "If we have ideals, no matter what ideals, we can have action if we have ideals."

"I find more and more real entrepreneurs are born with the qualities of entrepreneurship." Li Kaifu said this on the same day's Entrepreneurship Forum. Deng Feng agrees, "entrepreneurial passion is the instinct of entrepreneurs." In those days, Deng Fengzheng went to school in order to realize his dream and abandon his comfortable life in the country. He was also trying to realize his dream and resigned from Intel's highly paid job and started his own business in Silicon Valley.

What is the most important thing for startups? Deng Feng said, "the most important thing is the sense of responsibility and mind of the entrepreneur and whether the whole team has upward values." He said, "what I regret most is to throw money into entrepreneurs and find out that he is a selfish person."

As an entrepreneur, Deng Feng embodies the leader's art in the details of his work. At Silicon Valley, Deng Feng was able to call out the names of every new employee and greet them. NetScreen, who founded in Silicon Valley, led by Deng Feng for 4 consecutive years, with an automatic turnover rate of less than 1%. This is a typical example of Silicon Valley's frequent flow of talents, which has made Deng Feng proud.

"Venture capital is not necessarily the best financing channel for enterprises. The cost of debt financing is lower than that of equity financing. " On the entrepreneurial forum, Deng Feng sincerely explained to the audience that different enterprises are suitable for different financing.

"The most profitable enterprises are not necessarily the object of venture capital investment, and the highest risk investors are not necessarily the most conducive to the development of enterprises. Some venture capitalists have deep research and foresight for many industries, which can bring strategic advices to enterprises, help enterprises to introduce advanced management operation system, and introduce partners. These indirect help is an intangible asset for the long-term development of enterprises. In fact, the interests of VC and enterprises are the same, and VC only helps companies to go public, so that they can finally get profits. Deng Feng said that when NetScreen was helped by Sequoia Capital, in just 4 years, the company developed to 1000 people, earning $500 million and eventually going public.

Financing difficulty is a major factor hindering the development of Beijing's high-tech enterprises {page_break}

Many small and medium enterprises in Zhongguancun science and technology park are lack of funds, which ultimately affect the transformation of products and market development. It is understood that Beijing has established 5 high-tech enterprise venture capital funds and guarantee funds totaling 1 billion yuan, but it can not meet the needs of the development of high-tech industries in the capital. To this end, the Zhongguancun science and Technology Park Management Committee has set up venture capital guidance funds, providing follow-up investment funds to selected venture capital institutions. Deng Feng thanked Zhongguancun science and technology park for its help in venture capital and business.

As a cooperative organization of Zhongguancun venture capital and equity participation companies, the aurora borealis is deepening its cooperation with Zhongguancun. Deng Feng is also playing an increasingly important role in the communication between VC and the government, and has served as vice chairman of the Zhongguancun Advisory Committee. "The government lacks a professional perspective on business and projects, and is uncertain whether it is good or bad. The enterprises that are invested by VC will play a guiding role in the government. Deng Feng said that many enterprises invested by Aurora Borealis have been supported by venture capital guidance funds of Zhongguancun Management Committee.