The "China Good Start Up" Competition Is Held In Guangzhou. China Has 8 Companies Per Minute.

Guided by Guangdong Economic Commission and Guangzhou science and innovation Commission, Guangzhou grand University and other enterprises hosted the "China good venture" and the "WeChat entrepreneurship era 2 competition" finals, held in Guangzhou from December 5th to 6. This competition attracted more than 1000 overseas and domestic entrepreneurial teams to sign up, and finally 18. Venture project In the semi-finals, we will decide to win the first three days in two days.

Cao Rihui, the founder of the first Internet industry and the founder of Yi Yi, pointed out that in the past, investment was based on sense, but now it has become a "science" and has a detailed evaluation standard from project to team.

Cao Rihui said whether or not to invest in a project, the first is to see "users" and "user value". The entrepreneurial team should be clear about what kind of people their products are targeting, and whether they can hit their "sore spot". For example, if you say your product is a knife, this knife is very useful. Then you'd better tell me, is your knife a knife for a butcher or for a housewife? Is it for chopping meat or for Apple cutting? Most initial teams can only describe them. Product function But I can't tell the user community. "

"What problem can this product solve users? How painful is this problem to users? According to the 10 level, if the user's pain level is only 1, investors will not invest in this project. The degree of pain of users is high. It is a good criterion for judging a project. Users are lazy. If a certain problem brings low pain, they will not take the initiative to try a new product.

It is understood that there are more than 1000 entrepreneurial teams in this competition, most of which are concentrated in retail, tourism and health education, which are closely related to big consumption and fast consumption.

Reporters also learned that this competition has also attracted some overseas teams and investors to join. "This competition also received dozens of overseas venture applications, after expert assessment, there are two foreign projects, Koala Academy, Traveller Local entered the good China business semi-finals." The Organizing Committee of the competition revealed.

"Global" in the contest Entrepreneurship On the innovation forum, many investors shared their views on the wave of entrepreneurship.

Chen Wei, chairman of Orient Fuhai, said that we are experiencing the biggest entrepreneurial wave in human history. Data show that in 2015, China registered an average of 11 thousand and 600 new businesses per day, generating an average of 8 companies per minute. There are not only 70 entrepreneurs, 80 generation, but also many post-90s and 00 entrepreneurs. "Especially after 90 and 00, it can be said that they are born" generation generation ". They were born in the Internet age. They are independent, adventurous, highly educated and more receptive to new things.

However, the low threshold of entrepreneurship does not mean that everyone can succeed in business. Chen Wei cited data that the failure rate of Chinese start-ups was around 80%, the average life expectancy of enterprises was less than 3 years, and the failure rate of college students was 95% higher.

Chen Wei believes that before starting a business, it is necessary to be "quiet" first, and to have a clear idea of what business to start with. At the same time, he also believes that entrepreneurship should be "doing the best and doing the best," instead of greedy for big profits. At present, the entrepreneurial atmosphere is too impatient. "Like Germany, Switzerland and other European countries, there are many small businesses that are very focused on doing small things, such as a part of a watch, which can be the number one in the world. Entrepreneurship does not necessarily mean IPO as the ultimate goal, and the ultimate success of something is success.