"In the death list of start-up companies in the past five years, 7 of the top 10 companies in terms of total financing fell in 19 years, including Unicorn Group Loan Network and Aiwu Yoshiwu, Quanfeng Express, which was led by Yunfeng Fund, and Panda Live ......, which caused Young Master Wang to fall into a consumption restriction order."

Shen Feng did not shy away from saying: "From Series A to Series E, the total amount of financing reached 2.2 billion yuan, and the valuation soared to 7.8 billion yuan, it seems that it only took 15 months to love the house and Jiwu?"

"At that time, it was the fastest growing unicorn in the world, and the fact that it was able to successfully raise so much money in the market proves that the above-mentioned companies have done at least several things right in terms of stepping on the middle stage, team operation, business story, etc., right?"

"It's a pity that they all failed in 19 years. ”

Speaking of this, Shen Feng suddenly smiled and said: "Standing on the tuyere, pigs can fly." ”

Whenever entrepreneurship is mentioned, Rebus's phrase is always brought out. But the reality is that some outlets are really crowded with too many pigs, and the wind is not so long-lasting and strong, so there are a lot of falls. ”

The audience burst into laughter again, do you want to tell so much truth?

“O2O…… Sharing Economy ...... Esports ...... Internet Finance ......"

Shen Feng continued: "E-commerce, enterprise services, local life, and financial social networking have become the industries that have killed the most, and they can definitely be called the five major interest groups of entrepreneurial death!"

"When Taobao Jingdong and Pinduoduo were successful, e-commerce platforms such as Shang and Star Wardrobe emerged one after another, intending to take a share of the market segment......"

"Ele.me, Meituan have changed our living habits, massage O2O kung fu bear, good chefs who cook at home and other platforms want to take this class to get rich ......"

"And on the social track, there is a secretless and anonymous who is in the limelight for a while......"

It's a pity that all of the above names ended up on the death list. ”

"The wind of entrepreneurship is blowing too fast, and it is not obvious when observing the industry roughly, and the unpredictable wind direction is evident after further subdivision. Even if there is a pile of deaths, the track rotation is very fast. ”

In just two years, game developers, integrated e-commerce and local integrated life have become big hits in the entrepreneurial death track, but in the past two years, they have cooled down significantly, and the popularity ranking has dropped sharply, replaced by lending, financial management and fresh food. ”

Shen Feng inspected the audience and said sincerely: "For well-known reasons, all investors have become more cautious in the past two years, and the money in the market has become much tighter. ”

"I think that when a company comes to an end, most of it is related to lack of money, but the means by which everyone dumps themselves to the point of having no money are different. ”

"In my experience, I've found that the most common cause of death is a lack of business models, which means that companies haven't figured out how to make money. The second is the pseudo-demand of the market and the fierce competition in the industry, and finally the business adjustment and product entry timing.

"Whether it's not thinking about how to make money, not finding the market demand, or the lack of market competitiveness......"

"The main reason for the death of startups is about the unreasonable management level of the company itself, and to put it bluntly, there is only one thing......"

"It's hard to make a profit!"

Bao Fan suddenly realized, it turned out that this kid wanted to say this!

Shen Feng's eyes sharpened, and he said word by word: "Especially in the past two years, the main causes of death of start-up companies have changed again, and the contribution of policy supervision and cash flow disruption exceeds industry competition and business adjustment. ”

"In the past, you could wait for five years, but now I believe that two years is a big mark for all of you here, right?"

"If the invested project cannot be acquired or listed, there is no possibility of liquidation, and money has been burned, who can afford it?"

"The financial industry has a higher proportion of deaths due to policy regulation, legal and regulatory risks, advertising and marketing are more likely to die from transformation problems, the logistics industry is different from other industries because it does not pay attention to customers, the hardware industry needs to consider pricing/cost issues, and the gaming industry has a higher sensitivity to team capabilities......"

Shen Feng said firmly: "I have heard a saying: cold winters are usually cyclical, and every time you experience a cold winter, you will be renewed!"

"Entrepreneurs are facing more stringent survival of the fittest, which means that there will be fewer speculators stepping on the wind, and real innovation will be favored. After the noise subsides, rationality and pragmatism will return. ”

"If a startup dies, it's either out of money or the key founders have fled, and usually both happen at the same time. ”

"But in my eyes, the root cause is: they are depressed!"

"You don't often hear an example of a startup working overtime and rolling out new features that gets shut down by an ISP because it can't pay its bills, right?"

"Innovation, hard work, hard work...... They are all good medicines against death. ”

"The most vibrant growth is often bred on the edge of a seemingly saturated market, breaking ground between the cracks of many difficulties, and breaking out at the critical moment when the ability ceiling is unlocked. ”

"So I'm adamant that despite the painful side effects of popping the bubble, after the big waves wash away, the real spring will come!"

The venue resounded with thunderous applause, and Bao Fan nodded secretly, not because of the point-to-point views, but because of the sharpness of young people!

It is indeed refreshing to hear such a voice in a place where a group of forty or fifty uncles can be heard. Everyone here is an old man, but they don't dare to tell the truth because of all kinds of human sophistication.

Covert ...... He ...... Fragmentation...... Referring to a deer as a horse...... Finger Sang scolded Huai......

That is, Shen Feng,

The twenty-eight-year-old billionaire ranked sixth in Forbes has this kind of confidence!

Shen Feng stepped off the stage and secretly breathed a sigh of relief, it would be false to say that he was not nervous.

That's why I chose this topic, I really feel that all kinds of thunderstorms in Chinese concept stocks are still a matter of profitability in the final analysis.

Since the beginning of the Internet, business has turned into a game that can survive without making money?

As an investor, burning money is a necessary means, but it is definitely not an excuse or reason!

Since you have the opportunity to speak, then be loyal to your inner voice and say the core and the key that is gradually forgotten, especially in today's cold winter!

In fact, it's all survivor bias, and the ones who can make people talk about it are the lucky ones who are one in a hundred.

Ninety-nine percent are cannon fodder, stepping stones for successful people, born in obscurity and died silently......

It's too hard to start a business,

It's so bitter that even if you have a golden finger, you're walking on thin ice,

The reason why the giants spend money on various layouts is, to put it bluntly, due to their inner insecurity.

Today, with the rapid development of the Internet, who dares to pat their chests and promise:

Lao Tzu will never stand?

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