Yan Yan Wu Changjiang has a dual personality NVC storm

He is serious, harsh, and even a bit arrogant, had published a lack of professionalism in the domestic media, professional standards in the passing line of the following remarks. He is outspoken, refused to affectation, more than once denounced the defect of economic system and investment environment. He is China the first batch of venture capital, because of NVC's investment and controversial; but is recognized as the industry's heavyweights, rumors of "only he fix others, others did not fix him".

He is Yan yan. Softbank Asia information infrastructure investment fund CEO.

The day before, Yan a rare appearance in the third session of the "thousands of people plan entrepreneurship contest site, keynote speech, and accepted an interview with reporters.

For the selection of the project, the Asia Pacific has a strict selection criteria.

In the eyes of Yan, one is a series of procedures, for example, if the company is late, must look at the problem of cash flow and profit model; early enterprises generally focus on the business model can be extended.

For entrepreneurs, Yan Yan is particularly valued. In many years of investment experience, he always adhere to an important principle is the entrepreneur's character. In the choice of investment projects, he will pay particular attention to the company's entrepreneurial team, because he believes that investment is to invest in people, not much wealth, and the character is proportional. Basically is not the intention, he may earn a little money, but will not earn a lot of money".

However, the "NVC" event is a vivid lesson to yan. With the background of studying abroad, has been affected by the western economic management of Yan Yan Yan, Wu Changjiang for the behavior of all kinds of line of contempt, the two often gunpowder full. Yan Yan said, with the previously reported media instead of Wu Changjiang himself because of the investigation by the relevant departments, to take the family to hide overseas, he resigned from the leadership positions in NVC. The board of directors just after the announcement in accordance with the legal requirements of the Hong Kong listed companies issued a notice.

Always pay so much attention to the character of the entrepreneur Yan, but in the NVC founder Wu Changjiang's judgment is wrong. After the "NVC" after the incident, Yan such evaluation of Wu Changjiang: "he is given a personality of the duality of people, is also a very won't listen to reason people. The evil in human nature is reflected in him. "Yan said," I just don't see the NVC investment. I am more optimistic about the lighting industry, in addition there is a relationship between them, he graduated from Northwest University, but also to learn aviation. He told me at the time, he was also the two business people out, I quite sympathize with his brother. So we had to lend him money, and so we put into the future, we know it is because these three people a venture, he put the company's money gambling. I know that after the shock, looking for him to talk, I hope he will not bet, the bottom line is not to use the company's money bet. "

In the "NVC" event, has been in strict accordance with the contract specification work Yan Yan showed the side of their perceptual tender. Yan Yan believes that this is a very extreme case, in its twenty years of investment career, it also met once.

Yan Yan told reporters, there are usually many entrepreneurs and investors have a lot of differences in the concept, the difference between the two starting point is not the same, it is very normal. For example, Chinese entrepreneurs are typically like to buy a good car, and take the company's money to buy a car, but also to buy Mercedes Benz, BMW, which is not in the United states. In the United States, the car is your own, you must use personal money to buy, can not use the company's money to buy. But in China this is a common situation, has developed a habit. So when we first arrived, there was a big difference on this issue. However, in the solution of such problems, we will compromise, but will require the company to buy fixed assets approved. Founder of Chinese companies, IT field of some good, but in the general field, most still do not like to be tube. So it's quite like this, but it's still rare like Wu Changjiang. "

In the "NVC" incident, the public security department has formally opened investigations of alleged misappropriation of assets Wu Changjiang NVC 600 million, Yan Yan had left the NVC board of directors. For all the negative comments, Yan laugh, "someone will be curious to ask how it is, now I don't need to explain. In fact, this kind of thing does not need to talk about, do not need to deal with it, because you live in this world, it is impossible for everyone to understand you, become your friend. You don't need everyone to agree with you for the purpose of your life. "

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