Hey: It’s not demanding to be a friend’s business.

December 03, 2019

The founding partner of Safran Fund, which has always been known for its tough style, has recently been involved in the public opinion storm, and its battle with the founder of Jingdong Mall, Liu Qiangdong, has caused more controversy. In the midst of this storm, he attended the salon of entrepreneurs and investors sponsored by China Business Weekly, expounding the difference between entrepreneurs and investors in his mind, and once again stressed that it is with investors. In order to make money, entrepreneurs who have not earned a dollar in ten years have problems.

Talking about entrepreneurship and earning money
At the beginning of the conflict between the founder and the founder of NVC Lighting, Wu Changjiang, Liu Qiangdong, the founder of Jingdong Mall, publicly accused him of “strongly bullying the founders and infringing on the interests of entrepreneurs”. “Two years of satirical and uncooperative enterprises. "Afterwards, he also rebelled against this, accusing Liu Qiangdong of "a mind that kidnapped investors to burn money constantly", saying that Liu Qiangdong "if you really feel ashamed, then quickly make money."

In this public speech, I did not directly talk about the contradiction between Liu Qiangdong and Wu Changjiang, but once again emphasized that "business is paying attention to earning money", saying that business is not a relief, it is earning Money, the best responsibility of businessmen is to earn money and tax, and successful companies must have a clear profit model.

He also said that he and the investment target are very good business relations, but never seek to be friends, "because we are together to make money."

In addition, he once again expressed his denial of the company that “cannot make money”, saying that if he found his entrepreneur can not tell the profit model within 20 minutes, please go back, and if he can’t make money, it’s useless to talk about social responsibility. . He also bluntly said, "Some companies have not made a dollar in ten years. This kind of entrepreneur is problematic."

Talking about the relationship between investors and entrepreneurs
In his speech, he explained the difference between entrepreneurs and investors in his eyes. In his view, entrepreneurs are mostly passionate, inexperienced, motivated, limited in knowledge, easy to be impatient, discouraged, individual heroism, and investors are steady, rational, experienced, conservative, knowledgeable, balanced, persistent, Emphasis on institutional arrangements and transparent management. Judging from the differences he listed on the spot, his overall evaluation of investors is higher, and entrepreneurs appear to have "a lot of shortcomings." In this regard, some entrepreneurs have commented that this reaction is "arrogant", and there are also comments that there are indeed many places where Chinese entrepreneurs need to improve.

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