Entrepreneurship for ten years rebate network, CEO, Ge Yongchang anxiety and crisisVC crazy money te

November 21, 2012, the rebate network cumulative rebate amount exceeded one hundred million yuan, so far has been with Taobao, Tmall, Jingdong, Amazon and other 4>

investors. The data provided by the research institute show that in the first half of 2014, 199 cases of angel investment were disclosed, with a total investment of 1 billion 122 million yuan, and the scale of investment in the six months has surpassed the level of last year. Nearly 80% of the investment cases are concentrated in the Internet and IT fields.

rebate network phase I Office Park

only met chat genius will establish a preliminary understanding of a person, to understand why the "can do poineering work again, adhere to ten years, and in the Internet giant enclosure of the environment, can still maintain a steady development trend.

, Ge Yongchang noticed that there is such a business model, consumers to access other shopping sites through a web site, you can get a extra cash back, this site is Ebates famous American rebate website. It made him remember.

Tencent science and technology statistics also found that the Internet banking, online education and car use in the field of capital surge, "starting price" almost 10 million U. s.dollars. As of September this year, the three areas have 33 companies to complete financing, including financing amounted to 100 million U. s.dollars, above the level of 5, more than ten million U. s.dollars level above 17. In addition, Starving people fill the land. over the past two years the field of electricity providers are frequently heard news, as of September this year, there have been 15 successful financing companies.

Abstract angel investors believe that the current investment is precisely because in the past the heat China VC or the Internet giant is too cautious, they get used to bet on the three or four years trend or strategic acquisitions, this is a good phenomenon, VC proper positive point of entrepreneurship is very favorable.

Tencent technology Wang Genwang reported September 28th

doesn’t always drive in the fast lane,

ten years ago, the rebate network, including Ge Yongchang, only three people, the office is in the Ge Yongchang living room. Now, the rebate network has three office buildings, located in the first and two two office parks, the number of employees over 800 people.

coincidentally, Mark, ·, Anderson, a famous venture capitalist on the other side of the ocean, also sounded the alarm of the technology bubble. In Anderson’s view, now the technology startup company burn at an alarming rate, "the market will turn, we will find out who is swimming naked, many companies will burn too fast evaporation." In the benchmark capital partnership, it is even asserted that start-ups are burning up huge amounts of cash, much like before the dotcom bubble burst in the late 90s.

, Sina Technology, Xu Li,

, it’s time to meet Ge Yongchang.

, Ge Yongchang made up his mind to study what he called the "rebate" model. At that time, this model in the United States has developed more mature, "but no one in the country," Ge Yongchang said excitedly.

rebate network founder and CEO Ge Yongchang

recently, in WeChat circle of friends there is a widely circulated scripts: as long as you go to Zhongguancun entrepreneurial street, get an apple computer, a cup of coffee, pretending to be deep, there will be investors to go to your investment.

engineering graduates are involved in the Internet

"daily anxiety, long-term sense of crisis."." This is Ge Yongchang founded rebate network ten years of experience.

"please make sure you have enough cash reserves for 9-12 months on your account."." Jingwei venture partner Zhang Ying micro-blog recently called an "open letter" bubble there in the business circles and investment circles widely circulated, and seem a little frightful to the ear conclusion was that capital bubble may burst.

Ge Yongchang, 80, graduated from Tongji University in Shanghai, read the school of civil engineering surveying engineering of the school’s most famous, but he was more interested in the Internet, after graduation directly into the Internet industry. In 2005, Ge Yongchang worked as a senior engineer at the Internet Co in the United States, a Pactec Soft, responsible for site development and project management.

rebate network two phase Office Park

After

in 2010, the rebate network won by Qiming venture capital and Disney’s Wei Wei investment A million U.S. dollars, the development into the fast lane.

original rebate network or electronic business platform diversion oriented, do electronic business platform, shopping guide flow supply type web site. This is called "rebate 1 times" by Ge Yongchang".

is a "Chinese municipal housing bubble" problem can always cause a slobber war, now China Technology entrepreneurial sector is not a bubble into a "each one according to his lights" topic.

The

investor mania

scripts or just a joke, but the clear research center analyst Zhang Qi really felt "more money", "as long as it is now a hot industry, even if the project business model is not reliable can easily melt into money, investment life is afraid to miss an opportunity. No profit model is normal, no business model of business investment is also a bit incredible."

There is a pile of data to support the enthusiasm of

>

sees Ge Yongchang first, can see he wears glasses, keep neat short hair, wear white shirt, sit in the hall of the first floor of two phase office garden, speak of very polite.

During the

2006, the "rebate" model of Ge Yongchang’s resignation, entrepreneurship. He started his business with a $100 thousand start-up and set up a rebate network in his living room".