Chapter 43 do what everyone welcomes

After Lee Kai-fu announced the establishment of "Innovation Works", he told me: "Google is very positive in terms of moral commitment, but unfortunately, there are still risks." , although it seems that there are many imperfections, it still abides by the company's values ​​and still abides by the law." He said that the pressure and risks of being a media in China are indeed relatively high, while being an innovation workshop is welcomed by everyone, no matter the government, capital or young people.As soon as he announced that he was going to be an "innovation workshop", there was an official Internet association that wanted to name him the annual innovation star.He started his business at the age of knowing his destiny. At the beginning, he had some doubts on the Internet, such as getting older and earning enough money.Li Kaifu thought it was ridiculous, and retorted: "First, I am old enough to be able to mentor these young people. Can you find someone who is inexperienced and can help them grow? Second, I am not short of money, which means I will do it. I have a passion. A person works hard, it should come from his passion, not his poverty. How many successful entrepreneurs are successful because they are too poor?"

He works 20 hours a day and talks about the excitement of "Innovation Works".He said, this is Follow My Heart, "have the courage to follow your heart, everything else is secondary".Kai-fu Lee said: "Every choice and change I make is related to these three key words: innovation, China, and youth. These three key words are combined this time, and my wish is satisfied. It should be considered perfect. " In the summer of 2000, Guo Quji, who was studying as a graduate student in the United States, returned to Microsoft China Research Institute in Beijing for an internship.Li Kaifu was the dean of the research institute at the time. He was going to give a speech on the future of the Internet to the interns and sent the outline to everyone.Guo Quji replied to the email, saying that the dean's point of view was wrong.Li Kai replied to the email to explain his point of view, and Guo Quji refuted it again.Later, Kai-fu Lee asked his secretary to give Guo Quji a T-shirt and told him not to listen to his speech because he already knew the content.Guo Quji thought at the time: "He is an open leader. Although he is a respected dean, he seriously replied to an intern's email." Then one day, when Li Kaifu was getting coffee, Guo Quji told him: I am That Alan who was arguing with you, speaking of which, we are half Sichuan fellows.

Guo Quji later followed Li Kaifu to Google China. In February 2009, he resigned from the position of Chief Strategy Officer of Google China, started his own business, and created "Light in the box (Lanting Jishi)", an overseas-oriented e-commerce website.His first funding came from angel investor Xu Xiaoping. Xu Xiaopingyuan is one of the founders of New Oriental. After New Oriental went public, he accumulated a fortune and turned to angel investment.In the past five years, he spent more than 10 million US dollars and invested in more than 30 companies, and each investment was not large, only 100,000 to 200,000 US dollars.The projects he invested in include Guo Quji's Lanting Jishi, Gong Haiyan's Century Jiayuan, and Chen Ou's Jumei Youpin.

Investors like Xu Xiaoping who give entrepreneurs a small amount of investment as start-up capital are called angel investors.They are the first crutches entrepreneurs have when they hit the road. Google's founding capital was a check for $200,000; the owner of this check, Andy Tolsheim, the co-founder of SUN, made a profit of nearly $300 million. Facebook founder Zuckerberg also received $200,000 in dream start-up funding from angel investors. In the United States, there are more than 250,000 active angel investors. In 2007, the total amount of angel investment in the United States was 26 billion US dollars, and the total number of invested start-up companies was 57,000. The average amount invested in each start-up company was: 45,614 US dollars See "Angel Investors in America", author Zha Li, published on Netease Technology.In China, besides Xu Xiaoping, famous angel investors include Xue Manzi, Zhou Hongyi, Lei Jun and others.

Kai-fu Lee's Innovation Works also does angel investment, but there is a difference.He hopes that Innovation Works will do more than just invest money.He intends to apply the experience and contacts he has accumulated to these companies.Therefore, Innovation Works is a mixture of angel investment + incubator. It not only invests in the early stages of entrepreneurial teams in the fields of mobile Internet, e-commerce, and cloud computing, but also provides these entrepreneurial teams with outsourcing services such as recruitment, administration, public relations, and legal affairs— ——Just like the nest lamp in the office of Innovation Works, a bunch of eggs lie in the nest.According to Li Kaifu's vision, the projects invested by Sinovation Works will be separated from the parent body after three to five years of incubation.

In August 2009, Kai-fu Lee recruited Wang Hua, Wang Ye, and Wang Zhaohui to plan an innovation workshop.At Lee Kai-fu's home, four people hold meetings from 12:00 noon to 6:00 p.m. every day.Kai-fu Lee and Wang Hua talked about the model concept of innovation workshops at the meeting.Liu Yuhuan, chairman of WIEC, helped Kai-fu Lee introduce some American investors, and Kai-fu Lee and the others also studied some models in Silicon Valley.Finally, they reached a consensus: they can gather a group of entrepreneurs and lead a group of engineers to build a company.This is the starting point of Innovation Works.

From its establishment in September 2009 to its first anniversary in September 2010, Sinovation Ventures raised 1 billion yuan, 12 projects, received 100,000 resumes, and recruited 180 workers (workers are innovative The factory's special title for employees).