Qihoo Zhou Hongyi: Entrepreneurs Should Not Be Too Paranoid.
Zhou Hongyi, chairman of Qihoo
At the 2011 China Mobile Internet entrepreneurship competition in the afternoon of July 27th, Zhou Hongyi, chairman of the Qihoo, said that paranoia was a double-edged sword.
Entrepreneurship
You should not be too paranoid.
Zhou Hongyi said, "melting money is normal. I once said that when competitors are sharpening stones, investors can also be used as sharpening stones, and you will get sharper and sharper after all kinds of sharpening of your knife."
In terms of business plans,
Zhou Hongyi
The suggestion is: "we should discard this concept and do not place ourselves in a macro position. I suggest that we should be more plain and clear about what your product is, what kind of users you want to use in vernacular, and what kind of value it can create for users. I think this is very important."
And looking for something like that.
Investment
On the human side, Zhou Hongyi said, "we should not just look at how much money we have." in addition to money, experience, sense of direction, including connections, including how your business meets competition, how to deal with this competition, including teaching you how to polish products, I think you need to find these experienced entrepreneurs and experienced angels to help you.
"I advocate that in the early stage of financing, instead of pursuing the highest price, it is a reasonable price, as soon as possible to get the money, and create value as soon as possible."
Zhou Hongyi believes that the speed of financing is very important.
"I hope we entrepreneurs must have a mindset, not too stubborn.
Paranoia is a double-edged sword, but I am absolutely paranoid and do not do any challenge or right.
When many experienced investors come in, we can discuss together and how we can do some challenges.
Many technical teams will take technology as a hammer and regard all problems as nails. I think the direction of adjustment is not related to what kind of technology you have. I think technology is a rubber paste, how to pinch, how important it is to find user needs and how to find the market.
Zhou Hongyi said.
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