Lei Feng network (search "Lei Feng network" public concern) : This article published by DeeperBlue Lei Feng network. Reproduced, please contact the authorization, not to delete the content.
NewGen Capital, which focuses on cutting-edge technology investments, is doing well. The Silicon Valley-based fund, the investment team, has a background of Stanford, including Silicon Valley entrepreneurs and American academicians. Yes, their company is based at Stanford. At the door.
Since 2016, Zhang Zhen, founder of NewGen Capital, has started to pay more attention to the Chinese market.
In the past few years, the Chinese market has become the “Sweet Potato†of VC in Silicon Valley. This happened in September 2014 when Alibaba was listed on the NYSE. "If you are not in the United States, it may be difficult to feel the shock and shock of Ali's IPO to the United States. " Zhang Jian described in an interview with the media that at that time, from Aberdeen Wall Street to Times Square, even to Silicon Valley, Alibaba was torn by a tornado. all.
“In the United States, I often give people stories about China and hope to return to China to experience the latest developments.†And this time, Zhang Hao came to Beijing and talked about the “Silicon Valley story.â€
She was a partner in Fenox Venture Capital, which has $1 billion in management capital in Silicon Valley, and has participated in more than 20 projects. She is also an entrepreneur and she founded Acetone to provide respiratory testing equipment specifically for patients with type 2 diabetes.
Zhang Hao likes to say "To good to be true" . She does not believe in the so-called "hot spots" and "spirits." Once valued as a new blood testing startup Theranos, which has soared to $9 billion, it is still struggling to get out of the way to a bubble burst: licenses are withdrawn, test reports are declared obsolete, and regulatory and legal disputes are involved.
Theranos once claimed that its “Blood of blood†blood test technology can have a revolutionary impact on the fields of chemistry and biomedicine, but the academic community has generally questioned the data fraud of Theranos.
In the extremely hot VR and AR markets in the first half of 2016, Zhang Hao’s assessment was: “The popularity of domestic VR and AR is surprising.â€
In the cold winter of capital that began in 2015, Zhang Xin believes that he is "happy to see the market enter such a healthy capital adjustment period": "In fact, this bubble burst and Silicon Valley happened many times." She said, "If there is no such The bubble economy, how to create rounds of innovation? If there is not a round of ups and downs, how to break the monopoly? This ups and downs promotes the development of innovation."
Cross-border investment opportunities between China and the United States must exist, but the premise is "how to build trust." “Americans prefer real stories rather than guarantees and empty talks. The gap between Sino-U.S. cooperation may also only be eliminated through continuous practice and experimentation.†In Zhang Jian’s view, the United States and China The most important prerequisite for cooperation is mutual understanding and respect for each other’s game rules. "In the future, perhaps companies around the world are not proud to list in the United States, but are more willing to list in China."
The following is the keynote speech delivered by Zhang Jian at the opening ceremony of Shantou Business School. The original title was "Innovation in the World, Where is the Opportunity." Deeper Blue won the exclusive first-hand material for Shantou Business School to broadcast.
Zhang Hao speech scene.
| Bubble economy creates innovationIn the past few years, many innovations in business models have emerged in the domestic tide of innovation. Model innovation has indeed created a bigger market, but today's successful model innovations are rising among vested interests, and the success of startups is getting more and more difficult. Therefore, in the past year or two, the focus of attention of entrepreneurs and capitalists has gradually shifted to technology .
Different innovations need to step on different historical nodes. Now we are at the point of technological innovation. Entrepreneurs and VCs should follow suit. The global economy is declining. Many systemic parameters, such as the population structure, aging, the entire country's debt ratio, and leverage are systemic parameters, and we cannot change it. Technological innovation can increase production efficiency and is the only way to save the economic downturn. In recent years, artificial intelligence, health and other related technologies have matured, application windows are gradually opening up, and capital has begun to be actively deployed.
Technology is changing human life.
The domestic innovative market is experiencing the winter after the so-called bubble burst. But in fact, this bubble burst, Silicon Valley has occurred many times. The unicorn originally meant a very rare company. Ten years ago, there were only five or six unicorn companies in Silicon Valley. However, eighty and ninety “unicorn†companies emerged last year, and there will inevitably be a group of deaths. Form a horrible bubble.
If there is no such bubble economy, how can VC make money? If there is no round of ups and downs, how can we break the monopoly of old companies? This ups and downs has instead promoted the development of innovation. I am very happy to see the market entering such a healthy capital adjustment period.
The country is now undergoing the adjustment cycle for the first time. It is not terrible. It is very beneficial to innovation in the long run. When the market is overheated, capital is overheated, and high-quality capital is not concentrated, there are so many unicorn companies. When the market cools, bad companies are eliminated and only truly great companies are created.
As a Chinese in Silicon Valley, I often think about how to connect the two innovative markets in China and the United States. Ten years ago, VCs in the United States often thought that projects with potential in the United States must not be done in China. However, in recent years, the trend of U.S. capital investment in the Chinese market has become increasingly apparent. As Locke said, the best technology comes from the United States, but the largest market for quality technology is outside the United States . In the future, perhaps companies around the world are not proud to list in the United States, but are more willing to list in China.
Chinese capital is exploring overseas, and American technology companies have also entered the Chinese market. There have been some misunderstandings in these processes, but all are temporary. Market rules are different. There is no trust in each other and it is easy to misunderstand. The line was cut off when everyone could not communicate. So the key lies in how to rebuild the trust of both parties.
In the United States, I often give people stories about China, and I very much hope to return home to feel the latest developments. We hope that everyone will not only be in direct contact with the development front of the United States, but will also send China's real situation to the United States. The American media will not take the initiative to do this. It must be entrepreneurs and investors to build this latest information bridge.
| Silicon Valley in what concerns?I have been in this industry for a certain period of time. In the early post-early period, VC and PE had contact. We sometimes chat in small circles, and when it comes to investing as a matter of fact, there are also many responsibilities for innovating or promoting innovation. Although VC has little control over capital, VC capital has a strong effect . Capital has a very important guiding role for entrepreneurs in choosing directions.
On the contrary, when we look at innovation, we not only judge big trends, and judge great development opportunities. We are also constantly learning from entrepreneurs and looking at entrepreneurs as a whole ethnic group to come to a conclusion: Which direction can be followed up? And this direction is chosen by both parties . We all need to maintain independent thinking and at the same time collaborate to advance the next step.
Here are some hotspots shared by Silicon Valley investors:
Silicon Valley is optimistic about the three hot technology directions .
First talk about biotechnology. Biotechnology innovation is enormously risky. Most entrepreneurs or investors need to wait five to ten years before they can understand whether this technology can succeed.
Although biotechnology has natural risks, it does not mean that there is no huge market opportunity.
For example, as gene sequencing costs become lower and popularity increases, people can obtain large amounts of human sample information. Bringing everyone's discrete biological information together is bioinformatization, with great market opportunities.
In the future, both the data itself and the biological information itself will become more and more like “oxygenâ€, which is more and more critical and necessary; at the same time, it is ubiquitous . From another perspective, however, "oxygen" can also explode, causing tremendous destructive power and the same biological information. How to ensure that biological information is only in the hands of the right people, this is our focus.
However, domestic VR and AR are extremely popular. Everyone is happy to pursue VR and AR because everyone is looking for the next generation of information carriers. Smartphones are a new type of information carrier that has revolutionized our lives. But is VR, AR really the next-generation information carrier? I believe in the great potential of this industry, but everyone's expectation of it may be higher than the extent to which the technology itself can develop.
| Artificial Intelligence: not every field to the commercial stageArtificial intelligence represents a very broad area, and not every field is suitable for commercial applications. In so many areas of application, which directions are the next 5-10 years and have opportunities for development? We believe that there are four directions.
Artificial intelligence has four areas of commercial application.
robot
Industrially, many industrial-grade robots have begun to emerge. In home applications, there are also many emerging intelligent robots. As aging becomes more and more serious and the demographic structure is changing, these robots will play a more important role.
Although the application prospects of robots are optimistic, they should also maintain rational judgment. Family robots are the direction that venture capitalists should carefully consider. There is an opportunity for any technology to be applied. The user's psychological acceptance is a key indicator of whether or not the time is ripe. I would like to ask if you have a robot that costs 20,000 US dollars and goes to your home every day and you accompany you. Can you accept it?
Natural language processing
Voice interaction is a new information port. For smart phones, touch screen technology is an information port that can reflect our thoughts on mobile phones through touch. The so-called speech interaction is not only understanding the semantics but also understanding the context. Not only do you have to know what this sentence means, but you must also know whether it is happy or ironic when you say this.
At present, natural language processing can already achieve an accuracy rate of more than 92%. The next step is to enter into different branch systems. As the world's largest language and the most populous language, Chinese language processing technology is crucial.
Computer vision
The technology has great potential. In the Stanford Artificial Intelligence Laboratory, which works closely with us, the focus of current R&D is on computer vision. Now computer vision has been able to identify an abstract painting and sum up the contents of the painting in one sentence. This sounds simple, but it's very scary. The human visual system is one of the most complex systems in the human brain. Half of the brain cells participate in the operation of the visual system. Human beings have experienced the evolution of thousands of years, and the technology of computer vision has only developed for 20 years and has great potential.
The application scenario is clear. In addition to reading abstract paintings, it can also be applied to areas such as unmanned driving and security, and more capital injections are needed to help find the most appropriate application scenario.
Machine learning
Machine learning is critical because it is a technical foundation. In the future, machine learning will become a technology that can be applied in any industry. Now, many large companies in Silicon Valley have begun to lay out. For example, Microsoft has an internal open source machine learning platform CNTK, which has attracted the attention of many developers and brings together more good application scenarios. Google hopes to become the ambition of this industry standard setter, not only AlphaGo, but also an open source platform Tensor Flow, a very wide spread.
In addition to the United States, China has the highest degree of attention to the AlphaGo game process, indicating that domestic enthusiasm for emerging technologies is high. There are many people in China who are concerned about smart medical care. The platform developed by machine learning can be connected to corresponding application scenarios. The benefits generated are enormous.
| Why is cyber security not yet forming a blue ocean market?All things are happening. Many people already have smart TV boxes, temperature controls, and security systems at home. Even cars purchased by some friends can see where the car is and how much it charges.
I have a lot of hacking friends. They often make a very small party at Google. Every time I go, I feel that I am the most stupid person. These people also do things that are a bit out of place. For example, when a meeting took place, a drone in the incomprehensible venue began to take off. The host can only stop and ask: Who does it? They can get into various places.
This is the so-called Internet of Everything. All things connected are terrible security risks. Hackers can get into your home TV box and control the contents of the broadcast. You can use the black air conditioner to control the temperature of your home. You can even black out into the security camera to see what you are doing every day. The Internet of Things has brought us convenience, but it also makes our lives more unsafe.
The seemingly safe use of the environment is actually fraught with dangers.
Cyber ​​security has become critical at this time. But why has the cyber security system not yet formed a huge blue ocean market?
Hacker technology is not so terrible. Just like anti-virus software, there is no virus and this software will not be popular.
Many people are still hesitating to install anti-hacking security systems. On the one hand, installing a security system sacrifices some convenience. On the other hand, many security solutions now require systems to be re-implemented rather than embedded directly, which has caused many people to hesitate. However, more and more quality solutions have emerged, including some plug-and-play, low-cost security systems. There are also security technologies that virtualize information, and hacking to find it is simply empty.
Market maturity is not enough. Network security will be widely used in the era of intelligent industry, and this era has not yet come. At present, the traditional industries are still struggling. Everyone can hear a lot of news, such as the merger of traditional semiconductor companies. This is a signal of struggling. These key industries can't be as abrupt as Yahoo! They must find technical solutions. This program is smart industry.
User network security awareness is not enough , so it will take some time to involve user-level security applications. Although I have just described how terrible the security threats faced by everyone in the smart age, you may still think that it is okay to think about it when you go home. We still need some time, and even some viruses will appear before everyone realizes how important cyber security is.
For example, a website in the United States is to help each user find a suitable extramarital affairs object. Last year, this website was hacked and a large amount of data was leaked on the Internet. Unfortunately, there are many users registering this site with their company's mail. It was found that many government officials and military personnel used the site. After this happened, institutions and users began to pay attention to their own privacy information, and they began to actively seek solutions for network security.
| What else? Release human potentialIn addition to the above directions, there are several directions that we focus on, but not necessarily in the next one or two years will flourish, may have great market opportunities in two to three years.
Three technologies that release human potential.
Nano-robot
There are many technology companies that have begun to explore. For example, we have cooperated with the Innovation Center and announced some time ago that it can be used as a pill robot. In a pill, a robot made of a special material is put into the stomach and the capsule shell is melted, and the small material spreads out. The robot starts its activities and can walk around in the stomach and do simple minimally invasive surgery.
As the concept of the dimension mentioned in the "Three-body", the dimensions of the nano-robot life are much smaller than ours. To the application of various technologies in that dimension, the market size cannot be imagined. Now the key to targeted therapy in medicine is whether or not drugs can be pushed onto the cells that they want to push. Nanobots are expected to achieve true targeted therapy.
2. Brain function repair
Once the brain function is damaged and cannot be repaired, the transmission process of the information can be reconstructed by the nano robot, and even the information transmission can be further accelerated, and the brain becomes a "brain" . Still further, people's brain information and external machines are interconnected. This part of the problem is that the human brain operates at the same time as multithreading. Through the input and output of the nanobots, it may be possible to interconnect the human brain and the machine in the future. This is not just about concepts. We have invested in a related company and have already made preliminary products.
Super human
How to release human potential is a very promising direction for future technology. Through technological development, human beings have achieved greater improvement in mental and physical strength. For a single individual, each person has limited brain power and limited physical strength. However, if we can connect each image factor together through technology and network to form a huge network, the overall human brain resources will be very terrible. This is the future of humanity that we are very much looking forward to.
This article is prepared for Zhang Wei’s speech and thanks to Shantou Business School for providing material!
The 4 Port USB HUBS has been designed to address the common problem of insufficient USB ports.It provides four additional USB interfaces, effectively expanding the connectivity potential of your computer.This makes the 4 Port Usb 3.0 Hub to be an ideal solution for anyone who needs to connect multiple devices to their computer on a daily basis.One of the standout features of this product is its simplicity.There is no need for additional drivers or power connections.All you need to do is plug it into your computer and it can work well.This makes it an incredibly user-friendly solution for those who may not be tech-savvy.
Despite its small size, the 4 Port Mini Usb Hub is packed with features. It allows you to connect an HDMI port, two USB-A ports, and two USB-C ports through the USB 4 port on your laptop.This makes it an incredibly versatile tool, capable of accommodating a wide range of devices.In terms of video output, the 4 Port Powered Usb Hub supports HDMI 2.1 specifications. This means it can support video output up to 8K@60Hz, making it perfect for high-definition video streaming or gaming.Additionally, it is also downward compatible with 4K@144Hz, 1080P 240Hz and other video specifications, ensuring it can cater to a wide range of video output needs.
When it comes to data transmission, the Usb Hubs doesn't disappoint.Its four USB data transmission interfaces use the USB 3.2Gen2 protocol.This means it can theoretically transmit data at a rate of 10Gbps.In practice, the measured transmission speed can reach up to 940MB/s.This makes it an excellent choice for those who need to transfer large amounts of data quickly and efficiently.
In conclusion,the 4 Port USB Hubs is a versatile, user-friendly solution to the common problem of insufficient USB ports.Whether you need to connect multiple devices, stream high-definition video, or transfer large amounts of data, this product has you covered.It's small, simple to use, and packed with features,making it an excellent addition to any computer setup.
4 Port Usb Hubs,4 Port Mini Usb Hub,4 Port Usb 3.0 Hub,4 Port Powered Usb Hub
Henan Yijiao Trading Co., Ltd , https://www.yjusbhubs.com