"In the list of startup companies in the past five years, 7 of the top ten companies with total financing amounts have fallen in 2019, including Unicorn Tuandai.com and Aiwujiwu, Quanfeng Express led by Yunfeng Fund, and Panda Live, which has caused Young Master Wang to fall into a consumption restriction order..."

Chen Feng said without hesitation: "From a round to e round, the total financing amount reached 2.2 billion yuan, and the valuation soared to 7.8 billion yuan. It seems that it only took 15 months for Aiwu Jiwu?"

"At that time, it was the fastest-growing unicorn in the world. It was able to successfully raise so much money in the market, which proved that the above-mentioned companies had done several things right in many aspects such as the storm, team operations, business stories, etc., right?"

"It's a pity that they all failed in 2019."

When Chen Feng said this, he suddenly smiled and said, "Standing on the wind, even pigs can fly."

"Whenever I mention entrepreneurship, Rebs's words will always be brought out. But the reality is that some of the winds are really crowded with too many pigs, and the wind is not so long-lasting and strong, so there are particularly many falls."

The audience burst into laughter again. Should we tell so much truth?

“o2o…sharing economy…e-sports…internet finance…”

Chen Feng continued: "E-commerce, corporate services, local life, and financial and social networking have become the industries with the most falls and deaths, and they can definitely be called the five major interest groups for entrepreneurship and deaths!"

"When Taobao, JD.com and Pinduoduo were successful, e-commerce platforms such as Shangpin.com and celebrity wardrobe emerged one after another, intending to get a share of the market segment..."

"Ele.me, Meituan changes our living habits, massage o2o kung fu bears, good chefs who come to cook, etc. all want to take this fast to get rich..."

"And on the social track, there is even anonymous Wu Mi who is at the forefront of the limelight..."

"It's a pity that the above names were all included in the death list in the end."

"The gust of entrepreneurship is blowing too fast, and it is not very obvious when it is roughly observed according to the industry. After further subdivision, the unpredictable wind direction will appear. Even if it is a group of death, the track will rotate very quickly."

"In 2015 to 2017, in just two years, game developers, integrated e-commerce and local comprehensive life have become popular in the entrepreneurial and death track, but in the past two years, it has cooled significantly, and the popularity ranking has dropped sharply, and replaced by lending, financial management and fresh food."

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

"I think that when a company is over, it is mostly related to lack of money, but the means of everyone making money are different."

"In my experience, I found that the most likely cause of death is the lack of business models. In other words, the company has not yet figured out how to make money. Secondly, it is the fake demand in the market and the fierce industry competition, and finally the business adjustment and product entry time.

"Whether it is because of not thinking about ways to make money, not finding the right market demand, or the market competitiveness is insufficient..."

"The main reason for the death of a startup company is about the unreasonable business level of the company itself. To put it bluntly, there is only one thing..."

“It’s difficult to make a profit!”

Bao Fan suddenly realized that this kid wanted to say this!

Chen Feng's eyes sharpened and said word by word: "Especially, the main causes of death of startups in the past two years have changed again, and the contribution of policy supervision and cash flow breakage exceeds industry competition and business adjustments."

"In the past, I could wait and see if I could hold on for five years. Now I believe that two years are a big mark, right?"

"If the invested project cannot be acquired or listed, there is no possibility of cashing out and keeps burning money, who can afford to eat?"

"The financial industry dies from policy supervision, and the proportion of laws and regulations is higher; advertising marketing is more likely to die from transformation issues; the logistics industry is different from other industries that it does not pay attention to customers; the hardware industry needs to consider pricing/cost issues; the gaming industry has a high sensitivity to team capabilities..."

Chen Feng said firmly: "I have heard a saying: The cold winter is usually periodic, and every time you experience the cold winter, you will look refreshed!"

"Entrepreneurs are facing more stringent survival of the fittest, which means that there will be fewer speculators on the brink of the trend, and real innovation will be favored. After the hustle and bustle subside, rationality and pragmatism will also return."

“If a startup dies, it either has no money or the key founder runs away, and usually both happen at the same time.”

"But the fundamental reason in my eyes is: they are depressed!"

"You rarely hear an example of a startup that works overtime and launches new features being shut down by ISP because it can't pay the bills, right?"

"Innovation, hard work, hard work... are all good medicines to resist death."

"The most vital growth is often born on the edge of a seemingly saturated market, breaking the ground between the cracks of many difficulties, and breaking out at the critical moment of unlocking the ability ceiling."

"So I firmly believe that although bursting the bubble will bring the side effects of pain, after the big waves wash away the sand, the real spring will come!"

Thunderous applause sounded at the venue, and Bao Fan nodded secretly, not because his viewpoint was too sharp, but because the young man was hit!

It is indeed refreshing to hear such a voice in a group of forty or fifty uncles. They are all old people here, but they dare not tell the truth because of various human feelings.

He covered up... and looked around and hesitated... hesitated... and pointed to deer as a horse... and pointed to mulberry and locust...

That is, Chen Feng,

The 28-year-old Forbes ranked sixth in the sixth billionaire has this kind of confidence!

Chen Feng walked off the stage and breathed a sigh of relief. It was false to say that he was not nervous.

It’s just because I chose this topic, and I was really inspired. Chinese stocks have all kinds of storms, but in the end it is a profit issue.

Since the beginning of the Internet, business has become 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 a reason!

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

In fact, it is all survivor deviations, and the ones that people can talk about are lucky ones from a hundred.

Ninety-nine percent are cannon fodder, they are stepping stones for successful people, they are all born silently and die silently...

Starting a business is too hard,

It’s so bitter that even if you have golden fingers, it’s like walking on thin ice.

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

With the rapid development of the Internet today, who dares to pat your chest and promises:

I will always stand tall?
Chapter completed!