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He Was An Entrepreneurial Hero On The Road To Entrepreneurship.

2010/5/11 16:03:00 42

Entrepreneurship

In the mid 90s of last century, the Internet was gradually rising. Deng Feng, who was at the forefront of technology, realized that network security would be a major problem affecting network application in the future. A dream of starting a business grew up in his heart.



  
In the case, Deng Feng, who was inspired by his entrepreneurial impulse, met Tsinghua's classmate Ke Yan and another partner Xie Qing. Three young people began to plan their own future after work. At the beginning, three people did not quit their jobs, but in the garage of Deng Feng's family, they ran into the venture project every Saturday, then two times a week, and then met every night. Not long after, Deng Feng resigned from the "golden rice bowl" and gave up the $1 million stock and embarked on the road of entrepreneurship. They named the new company NetScreen and began to solve the network security problem through hardware.


 


Another story of "garage business" has just appeared, but this time the protagonist has changed to Chinese.



  
Like all successful examples, NetScreen has a difficult start. The non mainstream positioning and small scale of new companies have not attracted the attention of venture capitalists. Deng Feng and his two partners had to pay their own money to start the company. Deng Feng, who had just bought a house, had no savings on hand. He borrowed $50 thousand from his classmates. The idea is simple: the founder should be the first death squads.



  
Although sometimes entrepreneurship means frustrations, in every aspect of entrepreneurship, it is obvious that "people who help you grow quickly" are obviously indispensable. Through the introduction of classmates and friends, Deng Feng and his partners finally found an angel investor who was willing to talk with them. Fortune began to look after Deng Feng, and more and more angels were willing to invest in NetScreen.



  
But Deng Feng is still sober about his victory. He recalls, "I limit them to 100 thousand dollars or less. Because if a family throws too much, it will control us. " In only two weeks, they got their first million dollar from angel investors. Five months after the establishment of NetScreen, many venture capital investments such as Sequoia Capital, which are famous for investment, are also coming. After the four round of investment, there was a total of 88 million dollars. NetScreen's technology is rapidly transformed into products and market.



  
By the end of 2001, Deng Feng's NetScreen company was listed on NASDAQ. It was the first listed company in the US stock market after the "9 11" incident. Japan's Nikkei BP news agency, in a report titled "youth mode", highly appraised the NetScreen company's adversity listing process.

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