Capital: Speeches by Entrepreneurial Elites and Venture Capitalists

Author: Kuang Jianzhuang, Editor-in-Chief
Publisher:
Publish Date: 2003-08-01
Features:
Notable Quotes:
In the context of the transformation from the industrial economy to the knowledge economy, the industrial economy is heading toward a dead end because the mass-produced, standardized, and homogeneous market conditions it relies on are gradually diminishing, replaced by personalized and rapidly changing market dynamics. Everyone wants to be unique and stand out, so the demand market is experiencing a new situation. Under this new situation, the opportunity cost for large enterprises to transform their industries is too high. At this point, small and medium-sized enterprises (SMEs) are the innovative entities that respond to the constantly emerging new market demands.
— Zhang Kaibong, Chairman of Shenzhen Zhongke Zhi Bao Investment Guarantee Co., Ltd.
From a historical perspective in the United States, professionals earn the most money in investment banking, followed by venture capital.
— Xiong Xiaoguo, Senior Vice President of IDG Global
The fundamental mission of venture capital is to nurture enterprises and entrepreneurs. Entrepreneurs are the soul of a company; without them, the company has no value. The projects we invest in are usually led by entrepreneurs who hold equity and act as the CEO, supported by us to create conditions for their success. At the same time, we share the profits, which is the basic philosophy of venture capital.
— Xu Hongcai, Senior Vice President of Beijing Science and Technology Venture Capital Co., Ltd.
The wealthy Americans are not those in industries but the risk investment professionals who control tens of billions of dollars in venture capital.
— Han Zongmin, Chairman of the U.S. Global Venture Network