In 20 18, the concept of "quasi-unicorn" with a valuation of more than 65438+ billion dollars was put forward for the first time at the second conference on the growth of all things, which aroused strong concern in the venture capital circle. Quasi-unicorn enterprises, as the mainstay of the development wave of new and old kinetic energy conversion, have become the most concerned group in the wave of innovation and entrepreneurship with their excellent business growth ability and excellent scientific and technological innovation ability, and have made great contributions to promoting local economic development.
How can quasi-unicorns anchor new development opportunities in the global innovation environment? How to inject new impetus into the development of innovation field? In the era of innovation where opportunities and challenges coexist, how should quasi-unicorn enterprises respond from the perspective of technological innovation and model innovation?
On June 28th, the first $100 million company conference was successfully held in Hangzhou. At the meeting, Cai Hua, founder and CEO of micro chain, had a round-table dialogue with Shen, founding partner of Puhua Capital, Du Jianghua, founding partner of Dongfang Jiafu and co-founder of Qi Niuyun, and Wang Min, founder of Daguan Capital and vice president of E-commerce, on the new pattern, new development and new highlights of unicorn in the future.
[Shen Huaqin, founding partner of Puhua Capital]
Shen believes that the political, economic, cultural and talent structure of a city is similar to that of a unicorn &; The growth of quasi-unicorns is closely related, and they are essentially mutually inspiring and complementary. In addition, the policy environment and innovation activities are also crucial.
[Xiao Xu, founding partner and chairman of Oriental Jiafu]
Xiao Xu emphasized that a more open mode of cooperation is needed in business operation, and interaction and cooperation that is in line with the interests of all parties should be increased. He believes that the development model of innovation and entrepreneurship should pay attention to upstream and downstream industries and dig deep into the roots of products.
[Du Jianghua, co-founder of Qi Niuyun]
At the scene, Du Jianghua emphasized the growth momentum hidden behind the entrepreneurial team under the agglomeration effect. He believes that in the process of enterprise operation, technological innovation and model innovation are not incompatible, and can even cross and promote each other.
[Wei Haijun, founder of Daguan Capital]
Wei Haijun believes that under the current world structure and economic system, going to sea is a good choice, because the global Internet development is very uneven and the competition in various segments of the China market is fierce. But from a global perspective, all segments are worth investing in.
[Wang Min, Vice President of Yikkm Business]
Wang Min believes that technological innovation and model innovation are complementary, and model innovation may have a large proportion in the early stage, but in the middle and late stage of the enterprise, technological innovation can add more vitality. Whether it is the company's product service or the company's product form, the ultimate goal is to serve people, so customer experience and customer service should be the core.
According to the data of Cai Hua: List of Billion Dollar Companies and Future Unicorns, in recent years, the number of quasi-unicorns in new first-tier cities such as Chongqing and Chengdu has greatly increased. The first topic of today's round table is to discuss the relationship between urban innovation and entrepreneurship ecology and the cultivation of unicorn enterprises in the future. For future unicorn enterprises, what kind of urban venture capital environment is more conducive to their development and growth?
Du Jianghua: I think it is a very important point, which is also a requirement for my team. I will ask everyone to look for the customers you want to serve with the eyes of investors. For example, when many companies were founded, including Zhihu and pea pods, they were still in their early days. If you really communicate with their teams, you will find that there is a * * * logic behind them. For example, in our whole layout, Shenzhen, Beijing, Shanghai, Hangzhou and Chengdu have a great feature, which is very attractive to innovative talents. For example, Hangzhou has formed several characteristics, one is Ali Department, the other is Netease Department, Zhejiang University Department and Returnee Department. The innovative environment of this city will breed more and more quasi-unicorns and unicorns, including many high-quality enterprises like Tiantian Interactive and Mushroom Street in Hangzhou, all of which have cooperated with us in cloud services to some extent. In the case of more and more agglomeration effects, coupled with today's numerous investment circles, if we can really dig deep into a city, I believe it will make the city better and better.
Shen: As a local organization in Hangzhou, Puhua has invested in nearly 400 enterprises all over the country. I think the development of unicorn and quasi-unicorn enterprises is actually closely related to the economy, culture and talent structure of our city. Like Hangzhou, these cities have a very good policy environment. At the same time, in recent years, a large number of talents have flowed in, and the venture capital industry is very active. In addition, our service for entrepreneurship and tolerance for entrepreneurial failure are also crucial. These are the points on which Silicon Valley developed. So I think the whole entrepreneurial environment in Hangzhou is very good now, and the number of unicorns and quasi-unicorns bred is also in a relatively leading position in the country. Back to the question itself, I think there are two main points that can be mentioned as a whole. One is the urban innovation and entrepreneurship ecology itself, with unicorns &; The growth of quasi-unicorns is closely related, and they are essentially mutually inspiring and complementary. In addition, the leading role of leading enterprises is also crucial. Because the Ali system in Hangzhou is really strong now, it is also a business card of Hangzhou, which has a great influence on promoting the economy of Zhejiang or Hangzhou, especially in the field of digital economy. In the future, more unicorns will be born in the fields of digital economy and biomedicine in Hangzhou. Thank you.
Cai Hua: At the beginning, technological innovation and model innovation were always discussed together. In recent years, technological innovation is widely regarded as the driving force for the development of enterprises in new infrastructure, industrial Internet and other related fields. Does that mean that model innovation has been gradually weakened? For quasi-unicorn enterprises, which is more important, technological innovation or model innovation?
Xiao Xu: According to our investment logic, we don't pay much attention to whether this enterprise focuses on mode innovation or technological innovation, because we have different definitions and methods of technology and mode. Dongfang Jiafu achieved good results in listing in science and technology innovation board last year. From last year to now, there are six listed companies on the Science and Technology Innovation Board. Judging from the experience of these listed companies, I don't think it can be said to be independent technological innovation, nor can it be said to be independent model innovation, but there has been a substantial breakthrough in technological innovation. This breakthrough is that they can effectively meet the needs of their downstream users, thus forming a complete closed loop in business. We have a view that the competition between enterprises in the future is no longer the competition between individual enterprises, but the competition between ecological chains. You need to help your customers, serve your customers' customers, and even their customers' customers, whether it is technology or business model. This is the real foundation for digging down.
Du Jianghua: Actually, my point of view is relatively clear. Just mentioned Pinduoduo and Netease. You can look at the origin of its development. Netease started with 163 email. In fact, it is not known how much technical content this mailbox has. It is more a change in application mode and an exchange interface. Pinduoduo is a gamification and entertainment game for third-and fourth-tier cities. From the point of view of the game, people are allowed to bargain, and you cut a penny. It is only under the innovation of this model that such a big company has gradually been achieved. In addition, back to Netease, it hatched Netease Youdao, cloud music, and the essence is still the mode of serving users. So I think technological innovation and model innovation are equally important, but the division of labor is different. Pinduoduo, for example, will definitely use various technologies of big data and artificial intelligence to better satisfy customers on the platform. So I think the first one is still a different division of labor, but as a company itself, it is driven by model innovation at the beginning to meet the needs of customers, and then talk about technological innovation.
Cai Hua: I read a report the other day, saying that Yikkm has been firmly ranked first in the intelligent unmanned car washing industry. Then I would like to ask Mr. Wang, in recent years, the field of intelligent unmanned car washing has mushroomed and received extensive attention from the society. What innovative attempts have Yi Qianmi made in technology and mode and achieved today's achievements?
Wang Min: First of all, the mission of One Kilometer is to serve people with technology, so whether it is the internal management of our company or the external product form, the ultimate goal is to serve customers. In the form of serving 1500 stores, the company still maintains the scale of more than 100 people, which fully embodies the principle of efficiency first. Our company has an overall understanding of car washing, that is, car washing must be just needed, and it must be a traffic entrance. We changed the simple and repetitive labor force into unmanned one, made the car wash particularly pure, and devoted ourselves to the service. Secondly, it is technological innovation. Our entire technical team focuses on capturing these data from customer experience and customer service in the process of production research and development, and then pushing them back to car washing, including process optimization and background control, including team building in various cities. The whole series is interlocking, and technology really serves people.
Cai Hua: Combined with the current hot spots, the billion-dollar company conference focused on six major areas: advanced manufacturing, artificial intelligence, medical and health care, new consumption, enterprise services and education, and set up eight parallel special sessions, with more than1000 billion-dollar companies and investment institutions participating. From everyone's point of view, what other areas have opportunities for rapid growth, and unicorns may appear in batches in the future?
Xiao Xu: The investment logic in the next three to five years is actually very clear, that is, the deep integration of information technology and traditional industries, including education, consumption, medical care and manufacturing, including the underlying information technology, including artificial intelligence, big data and cloud computing. These industries have great market opportunities. China has the most complete manufacturing industry chain in the world, and the deep integration of manufacturing and information technology is of great concern to us. The present entrepreneurial environment has changed a lot compared with the previous ten years. I joined this industry in 2007 and 2008. Witnessed this cycle, after the demographic dividend and mobile Internet dividend disappeared, I entered the era of stock game. In this era, the requirements for the characteristics of entrepreneurship have changed greatly. Under the original dividend of mobile Internet, today is 0, tomorrow can be 100, and the day after tomorrow can be 10000. This era has passed, and now 2B company has found its own way after eight to ten years of exploration. Whether the founder has indomitable spirit, can he not be defeated by these dangers, and whether he has a very tough will is a particularly important part. Therefore, openness and tenacity are our most important considerations for entrepreneurial teams.
Cai Hua: With the change of the world structure, China has gradually stepped onto the center of the world stage. In the past two years, we have seen that both artificial intelligence, new consumption and even social platforms are laying out overseas markets. We know that Daguan Capital focuses on investing in early-stage companies in various fields. Under the current world structure and economic system, is expanding overseas markets a new opportunity for the future development of unicorn company?
Wei Haijun: I think enterprises in China have risen in an all-round way. From a global perspective, all the sub-sectors today are worthy of your reinvestment. We mainly focus on projects in four sub-sectors. The first subdivision is to adapt to the new infrastructure. We believe that there are huge opportunities in the field of overseas Internet infrastructure. The second part is the game. At the end of last year, a large number of China game companies began to rise overseas. Third, cross-border projects have had a great impact on the real economy this year, but cross-border services have increased. We invested in three companies in Hangzhou and Shenzhen, all of which grew against the market. The fourth is the saas field, and enterprise service is a track that has sprung up suddenly. Today, many entrepreneurs in China are facing great challenges. When they were born, they faced global competition. We can see that there are basically three entrepreneurial forces in China. The first one is what we call a sea giant, represented by Alibaba. Second, more and more quasi-unicorns and unicorns are growing up in the current market environment, and they soon put their eyes and markets overseas, paying equal attention to both domestic and foreign markets. This is a very typical phenomenon. The third batch is small and micro entrepreneurs. This is a lucky place endowed by the times, and it also makes me particularly excited. I think we have discussed this field for a long time.
With the rapid development of computer technology and network technology, new network applications are constantly impacting the old platform. In view of the rapid development of social platforms such as Tik Tok, this paper discusses the ideas of entrepreneurial innovation.
First of all, Marvel Comics! From the rapid rise of social comprehensive platform, I suddenly found that network technology is omnipotent and can simply move everything in human society to the network. Social platform integrates the functions of self-media and commercial online stores, and all kinds of hobbies, gatherings, talent shows, entertainment performances, and even medical care, education, culture, health and other content related to people's lives have moved to a set cyberspace, such as Tik Tok APP, which was launched in September 20 16. In less than four years, this trend swept the world, and the powerful American government was ashamed of it.
Second, it is not a roadblock, but it is convenient for entrepreneurs to take advantage of the situation to promote. The all-round development and application of society represented by Tik Tok has played the strongest voice of the era of tolerance and cooperation. Rule design users are directors and actors, enjoying attracting a large number of fans; It is also designed that users are both merchants and consumers, and can make money and spend directly on the platform. In other words, users can use social platforms to promote their own projects, and promote them at low cost to achieve the effect of developing themselves, promoting themselves and serving the entrepreneurial innovation of projects.
Third, the moon changes and the stars move. With the advent of the 5g era, the network information transmission technology has reached the extreme in the application field, which has changed people's way of thinking and lifestyle from all aspects. At present, the information dissemination platform with the responsibility of centralized organization is still the mainstream of the network. However, maybe the extremes meet! Blockchain technology with Bitcoin as the first application was born, and new application scenarios such as distributed bookkeeping and peer-to-peer value transfer broke out in the financial field. The application of decentralized trust mechanism without third-party proof also shows its advantages temporarily. Facing the new technology, the cognition of the world's top experts and the rich has been greatly divided. But this does not stop the blockchain from moving forward. Driven by the smart contract of Ethereum, various blockchain applications accompanied by huge scams constantly test people's wisdom and patience. The application direction and application projects of blockchain gradually point to the commercial market. * * * Xiang Miao tries to design a set of closely connected smart contracts with the blockchain integral B TJB as the design core, so that users can enjoy * * * and create * * * governance and build an expanding market ecology.
The new entrepreneurial platform, a word "new" reflects how much helplessness and sadness.
New platform, new personnel, new team, unstable research and development ability, stuck in place, easy to finish;
New platform, new technology, new mode, the first is to prevent technology leakage, and the second is to prevent the model from being closed-loop. If there is no data verification, it is empty talk from the beginning;
With new platforms, new contacts and new resources, the financing market can't run away. There are very few investment bosses, let alone newcomers who have never heard of them.
What if I can't do it? Is it the wrong way to start a business? !
I didn't say that. It is important that the process is controllable. Newcomers start a business, fight if they can, and surrender if they can't. Survival is king.