this article by WeChat public capital (ID:fenghouziben) authorized I dark horse released.
Yao Xin, founder of PPTV, blue Chi venture capital partners, focusing on artificial intelligence, big data, networking and unmanned areas.
is the following Yao Xin in Feng man fifth to share the finishing.
moderator just simply introduces my experience: my business for ten years, from the angel round, A round, B round, C round, D round, E was finally sold almost seven round, most of the time has 18 shareholders, circling back and forth between the 18 investor. Ten years, the core of the team to rebuild the partner of the three, the early founding team to establish, adjust, and later established, re adjust, every time is a very important challenge for themselves. I am in the video industry in the past more than and 10 years, the Internet is very competitive in the circle of the industry, the industry’s average mortality rate is about 90%, can live to A round, B round of the company has been very little. Today, through a number of stories and three suggestions to share with you.
a story worth 150 million yuan
2008 is my fourth year of entrepreneurship. In the first half of 2007, we completed the B round of financing, the investment side is a very famous Silicon Valley investor DFJ, it leads us $about 20000000. At that time the video industry after three or four years of training, into the era of competition. A series of capital, a series of outstanding founders have jumped into the industry. According to incomplete statistics, in the first half of 2008, the video industry’s entrepreneurial site about more than and 150, of which there are 4, 50 have received at least more than 10 million of the financing, the entire industry into the $4, $500 million. We are one of the 40, one of the 50, although we do a little earlier than others, but there is no doubt that the whole market into a red sea.
2008 Olympic Games is a very important moment. I started the business because I like sports, like watching, there is no TV in the dormitory, I developed the PPLive software, a popular university campus. 2008 Olympic Games is very important for us: on the one hand is a sense of achievement of their own business, on the other hand, it is very important to the industry competition – catch hot events, the Olympic Games is the hottest. The beginning of the video industry is not a small gap, about 20%. If anyone can get the copyright of the Olympic Games, there is hope in two or three months less than the time to turn over two or three times. Even if the end of the Olympic Games, the forecast traffic will increase by more than 50%, the Olympic Games for us is the winner. The Beijing Olympic Games is also a historic moment, which is the first time that the Olympic Games will be commercialized. Then buy copyright, CCTV gave us a price, almost about 20000000 yuan. It doesn’t look so high now, but what does it mean at that time? It’s 4 months of net