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    Li Kaifu: The Significance Of Entrepreneurship Lies In The Era Of Return.

    2010/12/24 16:39:00 58

    Three Innovations Of Li Kaifu'S Road To Entrepreneurship


    We are fortunate enough to live in the era of China's rise. If I don't do something worthwhile, I feel very sorry for myself.

    It is not to say that everyone must be vigorous, but to make themselves worth living and leave more valuable things to our descendants for the future generations of China.


    Editor's note:


    From farewell apple to Microsoft, and then to job hopping Google, until his own business, he turned gorgeous, and in his own words, "listen to the call of the heart".


    From the university lectures, teaching and misleading, to the creation of "learning network", and to writing the "X letters to Chinese students" series of personal letters, he gradually returned to the role of "Godfather".

    Faced with eager students, he said, "I want to help them."


    In September 2009, he resolutely bid farewell to Google, set up an Innovation workshop as an angel investor, and began a long road to entrepreneurship.

    He said he should use his influence to create a new mode of China's VC industry.


    Despite his extraordinary experience, he still lives on ordinary people.

    He told the media that he was sad when faced with setbacks and misunderstandings.


    He is

    Li Kaifu

    The chairman and chief executive officer of Innovation workshop.

    In December 15th, the "global Chinese leaders summit" was held in Beijing. Li Kaifu delivered a speech at the summit, describing the development process of the Innovation workshop.

    Li Kaifu said.

    Entrepreneurial path

    Though hard, it still has to go on, because this is the way to realize self value.

    (Hu Qing)


    The following is an excerpt from Li Kaifu's speech.


    Li Kaifu:


    It's really rare to make such a speech. Thank you very much.

    To be honest, in the past 15 months in the past, the Innovation workshop has been rather hard at first because we are on a different road.


    On the one hand, I have no financial background. There is no relationship between the second aspects. Third, without enthusiasm, listing a company is of great value.

    But what is more valuable is who will innovate, who will start the business, and who will make this very hard entrepreneur go on the road of entrepreneurship. This road must be the most painstaking and less traveled.

    But those who are suitable for this road should be an innovative company, and have certain connections in the industry, and have some auxiliary and helpful roles.

    Indeed, this road is very long, so we adhere to the belief.

    I think this is very meaningful and valuable.


    I think innovation can be divided into three categories. The first is to make profits and make the most money in all ways.

    Second, there are business models, learning and innovation, and then this is more innovative way to create a value for users, but it may not be an innovation that changes the world.

    The third way is to change the world. We should be in the second position now.


    In fact, the third breakthrough innovations are very challenging at this stage, but your question may be more of an educational model.

    Many people have a very urgent desire for this success, more willing to invest, and willing to take risks, but each has its advantages and disadvantages.


    I think what we talked about just now.

    Three innovations

    If you are only mercenary and want to maximize your profit every minute, then all kinds of good faith, or breach of contract, or the pitfalls of signing, will continue to happen.

    In our environment, we need a win-win concept and a good faith concept.

    I heard of an example that a senior investor looked at a person and invested money. After a few years, the man had no business at all and dissipated his money.


    On the other hand, the mechanism is also very important, so that those who invest in the future will have certain guaranteed returns, otherwise, who will invest in the future.


    In the field of IT, if you have a good idea, I bet one hundred more people will think of it.

    The real idea is not a trade secret.

    From the perspective of economic development, China needs to start from scratch and make the next HUAWEI and become the next Baidu.

    But at the same time, we should pay attention to the development of culture, at least go to the second kind of entrepreneurship, not just the first kind of entrepreneurship.

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