It is impossible that every business starter will succeed, but even failed business starting experience is a treasure for one’s life,”
vice general manager of Shanghai Jichuang
terms of funds, place, market and people, and the only reason for a failed project is it is not good enough, added Fan.
A survey towards 2,071 graduating senior students from 16 universities and colleges in Shanghai showed 28.6 percent of them have plans of starting their own business after graduation, local online news service provider The Paper reported.
“We have noticed most of the business starters are those born after 1985. They do not have much experience, resource or capital for a business, but they are full of inspiration and creative ideas,” said Ma.
Capital is the most vital problem for most business starters, but the appearance of angel investors means the golden age to start a business is about to arrive.
The domestic angel investment market developed slowly since it started in the 1980s, but such situation has greatly improved this year. In the first quarter alone, 349 angel investments were made in China, involving about $260 million in capital, increased by 93.9 percent and 214.2 percent year-on-year, the Xinhuanet.com reported.
In the process of building a technological innovation center with global influence, Shanghai would need more open- minded talent, and require the government tapping into the Internet plus era by innovating its management mode, and to build up an environment for various people to start their own business with innovation.
“I was struggling to start my own business back in 2010 and 2013. During that time, it was extremely hard to find investment or any support service through incubator organizations,” Li said.
“My business did not succeed, but the business starters at the moment are much luckier than me,” Li added.