Analysis:InternetentrepreneursbehindthecarnageAfewdaystosee(freedownloadNews)China’sformerJingweiZhangYing,founderofthemicro-channeluploadtoshareintheinterior:RecentlyImetalotoffundsinthelateboss,anddomesticgoldmaster,itisstronglyfeltinthemarketcools,financingmoredifficult.Whetherthefund,oracompany,therewillbealotofgoldissues.Wehavetogetatleast15yearsofCash’sfounders,congratulations;.Nottomelt,stronglySpeed-price,flexibilitytogetthemoneyforthesolepurpose;butthosealsoblindoptimism,waitingforyoutodie.AlmosteveryfewdaysI’llbetheretoremindyoulong-winded,becauseIhaveseentoomanyfailures,toomanyhandshavereal-timedata,severalcompaniesnowknowwhichfabrichugecashproblem,whyisitsogoodhandnow.Cheekwillremindyouhereonceortwiceearlyestimatesdonotmind,smallruntogetfinancing.Iandourteamcontinuedtoremind,ifthecompany1doesnotpayattentiontonotlistenverystubborn,wedespairofthatday,Iwillinvestallstoppedaftertheinvestmentandfinancingtohelpmakethatcompanytofendforthemselves.Thebusinessenvironmenthavebeensocruel.Ourlossisoneof1/330,330companies.Ihavetoadmitthattheworldiscompletelydifferent,andinvestorswanttoknowishowyoubalance,donottellmetoomuchgrowthandGMV.Whatevertheindustry,ifyoucanhandlethegrowthandbalanceofpayments,afterthatpoint,youarethewinner.Blindoptimism,stillinpursuitofhighvaluationisstillalittlebitofsuccessfortheircomplacency,stillexpandingsubsidies,cashlessthan6monthsarenotaggressiveadjustment,financingyetwhenthefirstevent,investorsstillhavehugefantasysupport,allthesymptomsbedeadeve.Startofthesecondhalfoflastyear,thewintercapital,frozetodeathtoomanycompanies,thecompanyyesterdayalsoNiubiHongHong,saidthedeathisdeadtomorrow.Afterthesuccessfulfinancingdoesnotcausedisruptionenterprisedevelopmentcanbeunderstood,2butadirectresultofbankruptcyoranexaggeration,butifyouunderstandeachcompany’ssituation,youwillfindthatbankruptcyreallyshouldbe,becausemanyventurecapitalcompanyintoasuddenwhenstartingtoforgetthehardships,todevelopavoluptuousatmosphere,burndyingsuddenlyrealized,buthavebeenpowerless.InternetindustryisbecausethefirstcopySiliconValley,soIwillcopythepopularcultureofSiliconValley,SiliconValley,inthenameofthestandardtoeveryone,huhluxuriousoffice,sumptuousafternoontea,avarietyofstaffactivities,frequentlytravelabroad,largemostofthemoneyhasnotearnedacompany,youlookatagroupofpeopleworkintheoffice,wearingaheadsetbrushmicroblogging,thepointonthework,asiftothrowabunchofmoneyinagiantfireburnedthesame.Iamnoexception,mostexaggeratedwhenstillpracticedevenresilientthanSiliconValleyflextime‘casualwork’system,youcanfreetimetoworkonarrangementstocomeandwanttostayaway,aslongastheworkdoneonthelineresult9o’clockamanhismotherdidnotcome,notfinishtheworkeasilyfindan3excusetostallover.Thisthingjustlikeculture,likedirectdemocracy,withoutconsideringthesituationonthecasualpromiscuity,itisbehindalotofhumanityandhavedifferenthabits.Likebecausethedomesticcreditsystemisnotperfect,inaforeigncountryisthefireAirbnbwouldnotbeabletocopydirectlytoChina,iftheChinesetoengageinareferendum,everyminuteisanewroundoflocaltyrantsanddividetheland.Peopleareinert,butpeopleseemtoliketheInternetpresentthemselvesfromhighdrivingforce.Youlethimworkovertime,he’stoldyouefficiency.Iwasfunny,howworktimeandefficiencyarecontradictory?Youcannotdobothworklonghoursandhighefficient?Really,thelazydidnotforgettofindareasontoforcetheinstallati...