[Future Star] Lin Kunming: I didn't know who was swimming naked before the tide ebbed.

If everyone is optimistic, there must be something wrong. Only when the tide is low can you see who is swimming naked. The following is a summary of Lin Kunming's views. Lin Kunming: The area of Taiwan Province Province is three times that of Qingdao, and the population is less than three times that of Qingdao. However, we all admit the fact that for a long time in the past, Taiwan Province's electronic information industry ranked third in the world, second only to the United States and Japan. Of course, now China is also on the rise, and its strength cannot be ignored, and many of them have even surpassed Taiwan Province Province. But now when it comes to innovation, electronic consultation, chips and manufacturers, TSMC will be thought of, which is a very difficult project. Why did I say this paragraph first? Because we see the whole industry, Jobs is not always successful. He has failed and been cheated before. When Jobs returned to Apple, he also walked through MP3 and iPad. It is also a long process to reach Apple's mobile phone. Many enterprises are a generation of champions, just as the United States often has heavyweight champions. Lead the way for three years. Maybe you survived ten years and succeeded in the next three years, but it is cruel to be defeated after three years. So from another point of view, how to break through the fortress, or even build it again, is the key to the development of an enterprise. It's not that simple for Taiwan Province Venture Capital to survive in the brutal competition of 20 or 30 years. How to build a safe moat is not a year or two. We should be very cautious. Conversely, PE/VC is also an industry. If other industries are good, follow suit. If other industries can't work, we must talk about recycling. Tencent and Alibaba, after several years of severe tests, have become hegemons, and it is a correct theory that talents go abroad. There are still many opportunities to start a business in Chinese mainland. No matter how big it is, we must grasp the basic skills to build a moat and precipitate it from all aspects, whether it is mode, technology, capital chain or talents. The economy is bad because all your costs will be lower, the equipment you buy will be lower, and the capital for recruiting talents will be lower. This is also a good opportunity for enterprises. Similarly, tell my colleagues in the enterprise that when the economy is bad, I will guarantee your job, but you should increase the production capacity. If not, please find another job.