Saturday , October 1 2022

Returning from Silicon Valley When the code farmer hits the capital change | Farm Code | Huang Lihui | Silicon Valley_ 新浪 新闻


Original Title: Silicon Valley Returns When the coder hits the capital change

Our report Hou Yiyi Shenzhen report

Is Silicon Valley still Beijing? This is a common choice for many Chinese engineers in Silicon Valley.

Silicon Valley, it may not be an exaggeration to say that the scientific and technological talents of the world, especially the dream capital of "cod farmers." On a regional scale, Silicon Valley is not as big as Beijing's Haidian District, but it has concentrated 30% of the technology companies in the world, over one billion Unique Dollars, 44 Nobel Prize winners, and VCs in the United States. One third of the total investment. If Silicon Valley of 7 million people is considered an independent country, its GDP may be ranked 22th in the world.

In recent years, more and more scientific and technological talent have chosen to leave Silicon Valley. China is in a state of great hunger for talent. Money, career opportunities and the business environment have paved the way for a return from Silicon Valley to Beijing. Because a large number of Chinese engineers, returning to a job or starting a business has become a fairly common choice.

According to a report published by Boss Direct Online in 2017, 16.2% of international students chose to return to the Internet industry after graduation, a 3.1% increase three years ago. In addition, the report highlighted that among technical talents returning, data analysts have become the most selected technical position after returning to China, an increase of over 40% over the previous year. Algorithm engineers and Python engineers also grew by over 30% over the previous year.

"In the United States, I've been a code farmer for many years, I've seen all sorts of companies, the cutting edge technology companies have all worked at one stage, they do not want to work for others, I hope to be a company and the challenge of things. "CEO Huang Lihui, zero technology, second, in an exclusive interview with the 21st Century Business Herald reporter.

Entrepreneurial option: US or China

Before returning to China in 2015, Huang Lihui began her first business in the United States with her current partners. But the entrepreneurial outcome was not successful.

She believes that although the former company is in the United States, its main business is in Mexico because angel investors are in Mexico, so the people's network is particularly concentrated in the South American market, which has hampered the US market . Therefore, although there have been three research cases at the invitation of several top incubators in the country, they have not reached the expected targets.

"After this experience, we have found that we need to start a business on a market we are familiar with. Although we have been in the United States for many years, there are still some limitations in the United States from the people's market network, and there is no such thing as an internal one. " bluntly.

After Huang Huihui returned to China, the benefits of resources in all aspects immediately emerged. "The first investment I got back into China was from the Tsinghua Alumni Fund. The alumni resources are very high in China, and the alumni fund is also very effective."

Huang Lihui also believes that in order to build a successful company, in addition to resources, there is a need to have a good chance of harming the industry. At the same time with the US financial crisis in 2011 and 2012, there has been a change in the mobile Internet instead of the Internet from the Silicon Valley PC, which has brought subversive changes around the world, and all this happened in – a small Silicon Valley.

In 2015, the technological trend of human-computer interaction began to emerge, giving Huang Lihui the same feeling. The domestic market is still relatively empty, with this market opportunity and expectations for the domestic market, chose to return to China to start a business.

However, for entrepreneurs who have been deeply reintegrated into the United States for many years, it is not easy to adapt and stay out of the US market on the Chinese market.

Huang Lihui said there was a big difference between American and domestic culture. Internally, we pay more attention to human relations and relationships, and the United States pays more attention to freedom and institutions. "I felt very uncomfortable when I returned to the United States, I feel that the Americans are so rigid and have to follow rules and regulations, there is almost no place for change and change, and now that I come back in China, it's hard to adapt to the country and feel like doing things according to the rules and regulations. I can get it completely in accordance with the system, and I feel like I do not have enough correctness so I just feel disgusted when I come back to China I always have the impression that I can not find anyone to talk If there are American students returning to China, they will find her fast for a day. Depressed emotions. "

However, Huang Lihui has gradually adapted to the entrepreneurial environment, realizing that adaptation is an inevitable step for entrepreneurs returning from abroad. It is necessary to constantly learn how to lead a company in the internal environment of people, which is also the part that managers need to develop.

How do science and technology respond to changing finance?

In an interview with the Business Herald section of 21, it has been found that although more and more Silicon Valley talents choose to return to China for business, the country is still in the tide of entrepreneurship. However, in recent years, the gold and land dividend period has disappeared. With the slowdown in the macroeconomic economy, domestic capital was relatively cold.

Huang Lihui, who is in A funding, said it is obvious that funding has become cold in the near future and that funding has become difficult. Since she recently started funding, she contacted numerous financial institutions. "Many institutions are very interested in us, but half of institutions do not have money to invest, and half of institutions are more cautious in terms of investment. The three initial processes now require seven or eight."

"Some institutions have joked with me that if you financed last year the same financing plan, the money is estimated to have been in the account for several months, although it is a little exaggerated, it responds to the feelings of the whole market. has not spent the energy Now, affected by the macro environment, the agency will push an assessment or wait for the formalities. "Huang Lihui.

This is indeed a common phenomenon in the recent capital market. A brokerage business person told the 21st Century Business Herald that non-banking financial institutions are the main investors for entrepreneurial businesses. But this year, due to the macro-leveraging impact, the liquidity of financial institutions is indeed tight. In addition, there is a big bubble in the assessment of domestic Internet technology companies, and financial institutions will be relatively cautious in investment.

Huang Lihui also said there were a number of chaos in the domestic market. Many indigenous businesses have a large amount of funding, but capital institutions have said that most funding has water, and real funding is 10 million, which can be reported as 30 million. Real funding of 50 million can be reported at one hundred million. This also made them feel a little confused.

Wang Feng (pseudonym), a Silicon Valley employment engineer, looks at the domestic market in this way. Although there are bubbles and irrational investment in Internet-based startups, when faced with capitalist winters, how to reasonably invest in this industry is a market that needs reflection. . From the perspective of investors, more attention is paid to risks, but from an industry perspective, the idea of ​​domestic investment is still relatively conservative. For innovative companies, it is difficult to make large companies in the early stages of excessive exerting returns and neglecting investment.

In the case of technology launches, if pursuit is a long-term development, then, on the one hand, it is necessary to improve technology, research technology and build up the main competitiveness, and, on the other hand, it needs an institution visionary and long-term investment. Both are indispensable.

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