In addition to the drop, Wang Gang has also invested in ino, apparel 23, Code Yang tools and other businesses, as well as the venture circle that wanted to talk about Wang Gang's investment in the story.
Wang Gang, the dual identities of investors and CEO, loves and delights in thinking about the inspiration Zen wisdom brings to their investment and life. In this period, Wang Gang's public share of our past, Catcher Chi, refined the investment experience of 29 years and invested, people, entrepreneurship, etc. He deepened his views on the subject and hoped to better reflect his thinking. The result that will inspire delayers.
An investment philosophy
1, put the relationship between angel investors and CEO. Even if you are a savvy company, the names of investors are 25%, 50% of the profits, 100% of the benefit and 0% of the power. CEO, 100% name, 100% profit, 300% effort, 100% power. Investors can not hide the CEO's light, they can not touch the company's power.
2, luck can vote for a good project, if you want to go on a good project you have to build your own core competencies. But often when we are in the sky, when we feel ourselves the best, we do not think how we fly, but where is the next big exit.
3, as a rule of speculation and speculation, do not make money because the same method (time successful method) lost all the chips. How will I win, how will you go back? Slowly search your domain and make good intentions and take control.
4, the best investment is concentrated. Because I'm not sure I'm afraid of concentrating, because understanding is not very hard to concentrate because I do not understand, I want to break up, because the dispersion usually increases the likelihood of being unlucky.
5, direct service entrepreneurs are limited, so it is sometimes necessary to choose crazy self, at the same time to choose. This is very difficult because choosing one from 100 is more difficult, which is 50 times more than 100, but you can not lower your standards because of hardship. In fact, good service to them requires them to spend much more time choosing. Our notation: We are provoking less than expected.
Buffett manages hundreds of billions of assets and concentrates on a very limited number of stocks, Zhang Lei manages assets 30 billion, and his investment is also concentrated. So early investment has to be intensified, early companies do not have enough attention, mortality rate is very high.
6, do not deny the economic cycle, like a negative cycle, just like taking a negative breath. We all die to be able to expand without shrinking or restructuring and raising the leverage with prediction, but no one can predict the point of bending.
Second, people's way
7, smart people in a very fragile, some not only suitable for the deputy chairman, not suitable for the CEO, the most suitable deck under the plate, this plate CEO's. Many professors and consultants will train their CEOs, not to say that they are not smart or strong, but rather weaker than CEOs and CEOs are kneeling. Once the CEO chatted to me, I think that's a good thing, they started investing. However, this investment was very unsuccessful because I missed the important factor of "people being strong".
8, Masayoshi Son, said he saw the light in his eyes, the passion he saw. At a time when the world saw Jack Ma as a liar, this was the place our average investor could not see. We all know that investing in people is more important than watching things. How do you look at people?
The most important thing to look at my personal opinion is the nature of people. It is relatively easy to experience, for example, it is a very dominant part of it; Personality traits of the piece, the judge in the following section, often in the rough tip. It needs to feel its energy and gas field, listen to it carefully, with its intense intuition, thought, analysis and its driving force behind its values. Even so, you have hundreds of faces to look at the same person or need to invest a lot in human experience, will have hundreds of lessons, and less time to verify and timely make decisions about gifted and talented, more important situational entrepreneurs and long-term cohabitation.
9, entrepreneurs must always be on the ice mentality, be terrified for the outside world. Given that they can earn, they usually have to pay a high price. I just want to pay for the potential, I do not want to pay for aura.
10, in my case, the investment is the CEO's capacity to carry growth and value. Some companies can control the market value of a billion, some can control the market value of 10 billion companies, and some can control the market value of hundreds of billions of companies. The value that different CEOs can have is very different.