But that doesn't stop me. I like Fengchi very much. Ha ha. Maybe it's because there are not many interesting post-90s in this circle. He not only speaks well, but also has a great voice.
The following is the introduction of Fengchi himself and Chuangshi, and the tortoise will not be introduced!
Feng Chi: Hello, I am Feng Chi, CEO of Chuangshi Capital. Chuangshi Capital should be one of the earliest blockchain investment funds in this industry. We mainly have three businesses. The first business is investment, the second business is incubation and the third business is investment banking.
We are a fund that likes to serve entrepreneurs very much. We have this gene and enjoy the process. An overseas project party once evaluated Chuangshi Capital, and Chuangshi is a group of people who are willing to help ambitious people change the world. I think it is very accurate. Of course, he speaks English.
Tortoise: I'm actually curious about this question. Do you usually talk about work with your girlfriend?
Fengchi: I don't have a girlfriend now. I did. Do you know who it is?
Tortoise: I don't know.
Fengchi: Not now, but once. I will definitely say it. I think work is still very important to me.
Tortoise: What songs do you like to listen to? What sign are you in?
Fengchi: Scorpio is the rising moon lion of Capricorn, so I have three of the four kings. Therefore, the master once gave me four words, that is, to die alone.
Tortoise: I think I will die alone, too.
Fengchi: Yes, and then what songs do you like to listen to? I prefer hip-hop foreign singers, I prefer Eminem's songs, domestic singers, and I prefer Jony-J.
Tortoise: When do you usually think, or do you think anytime and anywhere?
Fengchi: It used to be more at night, or when driving through a red light.
Tortoise: You just said that you like Jony-J, why?
Fengchi: It's just a good word.
Tortoise: Who and what do you spend your time on every day?
Fengchi: Good question! Basically, the job is to spend more time with entrepreneurs. Because we have our own service attributes and all our peers are our customers, we spend more time with you.
Then, I will force myself to be with some interesting people with clear labels. I consider myself a necklace. If I wear a stone, it is a stone necklace. If I wear gold, it is a gold necklace. If I wear a diamond, it is a diamond necklace.
Therefore, I hope to find more diamonds or gold, chat with them and absorb nutrition.
Turtle: 20 19 What's the plan of Chuangshi Capital?
Fengchi: Actually, we were quite pessimistic at the beginning of the year. Our plan is to survive. I'm not talking about survival on the level of money, but persistence. I think the bear market is an opportunity for a big reshuffle, as long as you are still there. From last year to this year, you will find that many people have left. The important thing is to persist and continue to do the right thing.
This year, we are more optimistic about Southeast Asia and will be more concerned with the continuous blockchain entrepreneurs. In the previous equity market, VC actually liked to invest in serial entrepreneurs. We found that there are many serial entrepreneurs in the blockchain industry.
Turtle: Why are you optimistic about continuous blockchain entrepreneurs?
Fengchi: Because the blockchain itself is more complicated, it needs to understand finance, technology and business. Many people have two kinds of feedback after entering this market. One is that they think they can't do it. I used to know the internet. Why don't I understand blockchain? Another kind of person feels inferior and thinks that I don't know anything, but after he has experienced it once, he will know what the rhythm should be and how the thinking logic of dealing with problems is different.
Tortoise: Where's your partner?
Fengchi: Zeyu is the source of ten thousand people. Without him, there would be no capital of creation. I met Zeyu first, and I introduced Huaiyang to Zeyu. Li Rongbin is my investor and Qi Ge is a former partner of Huaiyang. So Zeyu is the source, and he likes to share. He is from the northeast and very brave.
Huaiyang belongs to the sniper type. He doesn't come out for a year, but every time he comes out, he gains a lot. So he thought deeply and spent most of his time thinking. Li Rongbin is an expert. He has a deep research on the financial system and the blockchain itself. You can understand that he is the diamond I said.
Qihe is a scientist who graduated from the Physics Department of Tsinghua University. Usually sit for a day without talking. They are research-oriented people.
Turtle: Do all your partners in Genesis like music?
Fengchi: Yes, but people like different styles. Yes, Huaiyang. Now he prefers electronic music.
Tortoise: I think he once played the piano in a circle of friends.
Fengchi: Yes, he sings very well. Li Rongbin used to play in a band, so he likes rock and roll. I like hip hop, and then Zeyu should like Tik Tok's songs.
Turtle: Why does Zeyu like Tik Tok's songs?
Fengchi: Northeastern! I'm kidding. I think he prefers pop music.
Tortoise: You have different personalities, right?
Fengchi: I think Zeyu belongs to the kind that likes to share, which is more upright. Huaiyang is from Wenzhou. He is very business-minded. Li Rongbin is a punk, and he has his own opinions. I prefer to label myself. Love and hate are clear. Moreover, we have a sex, that is, we like sharing.
Tortoise: How do you get along so well?
Feng Chi: Huaiyang once said that the most important thing in creation is that everyone is together! We share with each other, respect each other, and don't interfere with each other too much. Our rules are better formulated.
Tortoise: What are your rules?
Feng Chi: For example, how to divide the money and what is the boundary between us.
Turtle: How did you find the building block cloud project? Building block cloud should not be the continuous blockchain entrepreneur you said, right?
Fengchi: He is at a different stage. His stage is actually only the preliminary stage, so what was needed at that time was differentiation. They were recommended by a VC I met in 36Kr before. We had a good chat, so let's do it together.
Turtle: What do you mainly help them accomplish in this process?
Fengchi: I once saw a sentence and thought it was particularly good. This word is called active shareholder strategy. We help them improve blockchain finance and blockchain business. Their technology and team are very good, but how to understand the laws of the blockchain market, how to avoid many pits like other projects, and how to quickly mobilize industry resources is what we help them complete.
On the other hand, we also help blockchain projects improve their economic system and positioning.
Tortoise: What's so special about your hatching?
Fengchi: We have a word called active shareholder strategy. Let's go deep into the project and help them advance together. We are more like coaches, telling him how to train, how to make up for what he is not good at, and how to avoid detours. We really like to wait on others. To tell the truth, we are very tired, very tired and don't make money.
Tortoise: Do you prefer to wait on others?
Fengchi: Yes, I just like it! We have a culture called giving and taking, and we like to help these things and people that we think are meaningful to become better. This will really make us feel happy from the heart.
Tortoise: Really?
Fengchi: Really, doing things is nothing more than pursuing fame and fortune. In fact, those who make money are all in the secondary market.
Tortoise: Is it because you already have a lot of money?
Fengchi: There is a certain accumulation.
Turtle: There is a saying that after the investment of Genesis, from strategy to strategy to resource docking. How do you give strategic advice to these projects or entrepreneurs?
Fengchi: This should be what I said at the press conference. I have heard a metaphor before to describe the strategy as particularly good. If you are on a mountain road, suppose you are driving a Ferrari with a Lamborghini behind you. How did Lamborghini overtake Ferrari on the mountain road? At this time, you have many different paths and many strategic choices.
I think we have a horizontal vision, we can see the overall situation more quickly and accurately, we can help the project find its gap opportunities quickly, or we will give them differentiated positioning and suggestions in which market and stage. I think this may be the greatest help to the project.
From a big perspective, it is a period of strategic opportunities at different time points in each stage. The tactical level is relatively simple, such as resource docking, such as telling him what to do, psychological massage.
Tortoise: And psychological massage?
Feng Chi: There must be. I think it's not that the entrepreneur can't do it, but that he needs your approval or someone tells him whether it's right or wrong to do so.
Turtle: What kind of entrepreneurs generally need psychological massage?
Fengchi: I don't think it is necessarily what kind of entrepreneur, but what stage the entrepreneur is in. There are some key points, such as going to the exchange, such as what to do if there are problems in the community, such as whether the economic system is reasonable or not. At some key nodes, when the entrepreneur can't make up his mind, he needs you, a person with an external perspective, to give him reasonable advice.
Turtle: It seems that you also have the experience of holding an important position in 36Kr. What do you think is the difference between investing in Internet projects and investing in blockchain projects?
Feng Chi: But I am not responsible for the investment of 36Kr. I mainly serve VC. I think these are two completely parallel worlds. Bitcoin rose sharply two days ago. A famous VC founder said in a circle of friends that garbage had gone up again, so I deleted him.
Tortoise: There are such people in my circle of friends.
Fengchi: I think, first of all, from the mentality, there are two kinds of traditional equity, one is active hug; The other is no judgment, pure perceptual judgment. We think you are all liars, and we are authentic.
In fact, after really understanding, you find that the Internet and blockchain are completely two worlds, and its valuation system or its entire dimension is different.
I want to say one thing in particular today. You will find that blockchain entrepreneurs need a special ability, that is, how to cultivate a set of abilities that everyone is willing to help you. This is very important, you can understand it as a governance mechanism. If you do this well, you will find that many people are willing to help you, perhaps through financial incentives or reputation incentives.
Some time ago, Li Rongbin wrote an article about the Nervos economic system. After he transferred to a circle of friends, the first thing the Nervos team did was to rally the group to thank him and give him gifts, which were all made by the founder himself.
The second thing is that when they expressed their gratitude on their official WeChat account, they wrote, especially thanks to the community representative Li Rongbin, who knows how to motivate! Bingo was very happy, passed it again, and talked about how good Nervos was everywhere. You see, now I'll say it again.
Therefore, I think blockchain entrepreneurs need to mobilize more people to help you. We used to understand that the key to the success of Internet products is to meet the demand, but blockchain is a new economic model, or a new production relationship, so regular innovation, or innovation of economic system or governance mechanism is also very important, so that more people can help you quickly.
Tortoise: The first item is very limited. What's your first strategy?
Feng Chi: To be honest, what worries us most is that sometimes you find an item on the Internet and we haven't even seen it. This is the most anxious.
In the industry, everyone still recognizes our additional services. If we talk about it, it will basically make us vote, but I am worried about why we didn't find it earlier. How to find out earlier, you have to let others know you first, which is actually a brand-level problem. Another point is to get in touch with the earliest entrepreneurs, so this is a matter of connections.
But the blockchain is particularly interesting. This is a global market. You can't let the whole world know about you. So in the early days, we will focus on the good projects around us. Next, we will take the initiative. This year, we will send some people around the world to find new modes of cooperation.
Turtle: Yes, for example, the Building Block Cloud Project has given you a good brand.
Fengchi: But there are also many people who scold. I think at least we do the right thing in our own values.
Turtle: Can you ruin your next project?
Feng Chi: There are two projects below, one is Dapp and the other is music, which was done by a famous DJ before. He also knows a lot about business. The other project is a low-tech project, a foreign project, made by the core team of well-known projects, which is in line with the blockchain continuous entrepreneurs I just mentioned.
Tortoise: How did you find them?
Fengchi: At the earliest time, it was a personal relationship, and later it was introduced by word of mouth.
Turtle: What do you think is the difference between an incubation like Genesis and an incubation on an exchange?
Fengchi: The best incubation begins with YC. Because of the social resources, influence and vision of the founder of YC, YC cattle can choose the best people and teams.
But our industry is different. Too fast, too many pits. The process from seed to listing will be completed within one year. I think what we can provide is cognitive resources and vision.
I think the difference between us and other hatcheries is that, first, we have our own set of models, second, we participate more, that is, parent hatcheries, and third, we have successful experience.
Tortoise: You can't bypass my question like this.
Fengchi: You have to look at the model, both in quantity and quality. What we are doing now is fine products, and what we get may be more quantity. In my opinion, the real top projects are not about resources, but about cognitive dislocation.
Turtle: You have three criteria for judging people, right? Resources, vision, ability. Do you have any clever ideas for looking at people?
Fengchi: Look at the constellation.
Tortoise: What do you think I am?
Fengchi: A lion?
Tortoise: How do you know?
Fengchi: I don't know, I guess. I am a sensitive person, so I have a strong sense of detail.
Tortoise: Then how do you know I am a lion?
Fengchi: Lions are generally arrogant and give people a cool feeling.
Tortoise: Did I give people pride?
Fengchi: Lions have their own aura. Generally sitting here, the constellation is one of the four heavenly kings. How about praise?
Tortoise: Well, why don't you share more about people?
Feng Chi: When I talk about judging people, I mean getting to know a person quickly, knowing his needs and finding the point of cooperation with him. It is too big to look at people. You have to come into my life to know.
Turtle: What kind of projects does Chuangshi Capital prefer to invest in? Or just invest in good projects? Do you have a favorite track?
Fengchi: There are few innovative technologies now. Unless we see a particularly different technology, we will invest. Now we pay more attention to application.
Turtle: Why the application class?
Fengchi: Because there is a gap in this piece, we see an opportunity.
Turtle: You just mentioned that you are more concerned about the Southeast Asian market or overseas markets, right? What the hell are you going to do?
Fengchi: Why first? We went to Japan and South Korea, and South Korea's awareness of blockchain is half a year slower than that of China. Then, we went to Vietnam. Sun Zhengyi has a theory called Time Machine Theory. For example, China was in the United States ten years ago. 10 years ago, what was the US investing in? He looked for similar landmarks in China, which inspired me.
The same is true in Vietnam. Vietnam and Thailand are still slower than China, about one to two years. We have a cognitive advantage. You can understand that we go back to the exam with answers. This feeling is so cool.
Regarding what to do, I ask our team to do two things. First, go first and let others know that we go first. We are deeply rooted here. What is the second thing? I'll tell you after the interview in six months.
Turtle: What is the most respected opponent or role model in the heart of creation?
Fengchi: Objectively speaking, I think the most interesting thing about this industry is that there is no opponent. We are all partners, and we can invest in projects together. My role model, the first one is Jay Chou, because I grew up listening to it. Second, in the industry, I actually appreciate Zhou Shuoji.
Tortoise: Why Zhou Shuoji?
Fengchi: I think he lives quite truly. I think he is telling the truth, at least outside, so I appreciate it. I prefer rice, too. I feel that Bao Fan is very Jianghu, and he is also very kind to his own people. I really like people who are secretive and don't care about their loved ones.
Tortoise: Anything else to add?
Fengchi: I think it is good. The tortoise is very powerful.
Tortoise: Really?
Fengchi: Very impressive, because I pay attention to you. Actually, it's Xiong Yue. I like Xiong Yue very much.
Tortoise: Why do you like him?
Feng Chi: Because we all like hiphop. I think you are very popular, cool and real.
Tortoise: Am I cool?
Fengchi: Cool!