It took two days to watch the first season and the second season, and I feel that there is a lot to learn and learn from.
1. Let someone else invest $200,000 in a startup or $10 million in cash?
This is a very important choice. If it were you, what would you do? If it were me, I'd rather choose $10 million. This choice often depends on your own conditions. If you already have a house and this choice comes up, then you must choose the former, because it doesn’t matter if you fail. But for startups, the probability of failure is high. For people with little assets, the best option is $10 million, but at the same time, they give up the opportunity to become a billionaire. Remember, this is a difficult choice.
2. It is not so easy to get investment.
Investors say they want to invest, but they don’t give it right away. At least they have to have a market plan, a business plan, and a clear development direction before they can get it.
3. Hire someone who is good at company financing planning. The
protagonist is smart enough to call the executive. Without this experienced person, the company probably wouldn't be able to start.
4. The fairness of employee shares distribution The
company is based on the nature of profit. The protagonist intends to give shares to his best friend, but other partners are very opposed. In this regard, it is right to consider the nature of the company's profitability and fairness.
5. Hire someone better than yourself. You do
n't have to do everything yourself. Even if you are familiar with the construction of cloud servers, you should ask someone who is proficient to handle this matter, because he is more professional than you.
6. Don't hand over important things to people you just know
7. When setting up a board seat, you must firmly grasp the sovereignty.
Even the best friend can't hand over the voting rights of the board to the other party. The CEO should have the ability to decide everything. The company is not a democratic company, it is a dictatorship company.
8. Startups don’t get overvalued
Often, the subsequent valuation will be too low, affecting the development of the company. Like Xiaomi is a special case. Xiaomi is currently valued at $45 billion, with an initial valuation of $1 billion. The reason for this valuation is that the market has already opened, and Xiaomi feels that it can achieve a valuation of hundreds of billions, so the initial valuation is 1 billion US dollars -4 billion -10 billion -40 billion, and it is not used until now. When it comes to financing, for some companies, the market may only be able to do several billions, and the valuation of several hundred million in the first round will greatly affect the subsequent explosive growth of companies.
9. When you PK with a big company, you don’t necessarily lose in
domestic and foreign markets. There is Tencent in China. Basically, small companies will lose in PK with Tencent. Unless they are big before being discovered by Tencent, they will be defeated by Tencent. Win wars easily with massive user strategies. Of course, it is only for individual users. If the company's innovation is to serve enterprises, or it is a highly difficult technology-based product, Tencent is often unable to copy it, but it can compete with big companies
.
, if you create a piece of software, it's not as unbreakable as it is in a big company. Nor can software double its efficiency overnight. This is very sci-fi and rarely exists in reality.
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