Cash flow is most important In development, don't forget stability; in stability, don't forget development When business was brisk and he could not meet demands, he would only spend 20-30% of time in the factory. The rest of the time was spent devising what to do...

Pitch的本质是在跟用户对话,在跟市场对话,而不是在跟投资人对话。

Pitch里面有两个要素

是产品的名字。最好的Pitch首先来自于一个最好的名字,如果你连这个名字都说不清楚,那你就失败了一半。或者反过来讲,如果你的名字起好了,现在你就成功了。

二是有了好的名字,你得有一句话说清楚企业的核心产品的形态,也叫做核心的价。用三五句话说清楚你要解决的问题,社会的痛点,你的到来会带来什么样的不同,一个完美的Pitch就完成了。

On finding entrepreneurship talents A lot of what you’re looking for, are these almost Zen-like opposites. You want people who are both really stubborn and really open-minded. That’s a little bit contradictory. You want people who are idiosyncratic and really different, but then who can work well together in teams. And...

On Cultural Difference When the American thinks of an economy as slowing down, that means people don't have money to spend. You guys know how to spend tomorrow's money. We Chinese, our habit is to save money. We always keep the money in the bank. According...

有的时候,世界在发生变化,如果你不自己采取一点小小的行动,这个变化跟你没关系。如果你参加一点行动,你就有可能是这个变化的受益者。 生存之道: 1)没钱:很多企业家死掉不是因为没有钱,而是因为太多钱。因为你认为用钱去解决问题的时候,你的问题就已经来了。 2)不懂技术但敬畏技术:Vision 不变成 reality,一分钱都不值。80%的人敬畏技术但害怕技术。 3)没有计划:把计划用行动写出来才是管用的。计划就不用写了,我们的人生就是一个计划,慢慢的执行。拥抱变化。变化是最好的计划但是你自己不要丢掉你机子的方向。 只有变化才是年轻人的机会。 没有人能保证你成功。也没有人能保证你失败。...

I believe in the benefits of diversification. Diversification removes security specific risks when we accept that we are not that good at security selection. Diversification across asset classes allows the portfolio to be more resilient in different market cycles. Diversification across strategies reduces the portfolio...

Excerpt from Nassim Taleb's book, "Antifragile". Heroism and the respect it commands is a form of compensation by society for those who take risks for others. And entrepreneurship is a risky and heroic activity, necessary for growth or even the mere survival of the economy. In order...

Watching local production "Ah Boys To Men 3: Frogmen" brings back a lot of my own military days memories. Some memories and life lessons learnt 13 years back over a period of 2.5 years. I disliked conscription but it did make me a tougher man. - I remember vividly...