Why Cool Startups Are Losers In China

Here's Hongyi Zhou's advice to Chinese entrepreneurs: "Don't try to be cool."?Zhou is CEO of Qihoo 360 (NYSE: QIHU), whose company's core is the definition of uncool: anti-virus software. Yet Qihoo has 370 million monthly active users and a very cool $1.9 billion dollar valuation. If you want to build a big company in China, don't build for your iPhone-toting friends, the Chinese tech blogs, or copy the latest fad on TechCrunch. Chinese entrepreneurs must appreciate the vast chasm between white-collar elites and the rest of the country.?The Silicon Valley has an echo chamber of its own, but China's is an order of magnitude louder.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/bCaLErL7wZw/

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