Born in China Taiwan\\ s Lin Fu-yuan is the first group of Chinese American Silicon Valley venture capitalists, 1991, made its first investment after 20 years, the succession has invested more than 50 companies, now has more than 20 listed or to be sold.

In addition to investors, Lin Fu-yuan, or the world-renowned speaker, motivation speaker known as Taiwan. Today, Lin Fu-Yuan served as chairman or director of several companies, more well-known venture capital shares of the Group\\ s multi-sponsor, vice chairman of the Internet lab, Acorn Campus Ventures Incubator Incubator Center (Acorn Campue) co-founder people.

Interestingly, Lin Fu-yuan also love rock, receiving a weekly correspondent in an interview a few days ago, he launched the \"Silicon Valley Orchestra\" has just held a small concert.

\"I was lucky fool.\"

A weekly financial: how much your investment has done?

Lin Fu-yuan: 50 is the cumulative number of companies, more than 20 success stories. I had 20 years of investment, when the young have little control over more than a dozen companies, a director or chairman of the board, I can not go in every company Trader, I am an investor, not the operator, I do is to find a good operator. Now I am a little older, and active participation in the management of the company is only 4-5 at home.

I invested in 50 companies to sell more than 20, some of which the company nearly went bankrupt, there are now slowly developed more than a dozen, there is about 6 the next 3-5 years may be acquired or to sell, my goal is to invest in the future to have a total of 30 were successful. From an angel investor\\ s perspective, I was a very good luck fool.

But I must write down to remind ourselves that these are not my own brilliant success of talented, but the founder of these companies and operators of their efforts to live up to expectations, a good investor just at the right time to find the appropriate object only. Whether there are a lot of cover, they often speak of the man is not the same, I always think there is no god under the sun like a VC (venture capital), only the fairy-like entrepreneurs. VC to do is to find the fairy-like entrepreneurs.

A weekly: domestic venture capital is very hot now, you have no feeling overheated?

Lin Fu-Yuan: I was in the U.S. venture capital and angel investors do most of the older generation of Chinese. In 2000, I lecture in Shanghai VC, then to more than 2,000 people, where I talk about the VC, a lot of people ask me how to do VC, now I look, to listen to a lecture at the people, many have become the magazine\\ s man of the VC. China has developed rapidly, the Chinese people, and everyone has to catch up mentality, the spirit of good, I felt in Silicon Valley over the past 30-40 years the entrepreneurial spirit in many parts of China has long been mushroomed out. Last week I made a speech in the U.S. Silicon Valley, only 100 people, then I received 60 business plans.

\"The most dangerous is a smattering of knowledge.\"

A weekly: many domestic enterprises are highly repetitive, especially the Internet, a new model soon to be a lot of copy, this situation will not affect investment?

Lin Fu-yuan: the Internet is more obvious, in fact, many technology-related industries such, which I used to write the book on the written stage of success, the hero of the transition period. Said IT, from large computers into a small computer, and then into a small notebook computer into the iPhone, which has gone through several dynasties, and each dynasty has people very, very red, but no one was sustained. Besides China, what PHS, incredibly fire a few years ago, now give it unwanted, this is the stage of success.

Now cloud computing, how gorgeous this concept, in fact, it is simply the old IT stuff, four or five years ago in the timeshare (a computing resource, we can share a different time), cloud computing is the same , and it is spread out cloud computing, together is the central control. Consulting industry, the technology industry have a great talent, the old questions in different ways packaging, manufacturing a number of heroes, the Internet is the same, only the transformation model, I have to do is find the gorgeous repeated inside real capable of.

A weekly: that is how when your investment choices?

Lin Fu-Yuan: I\\ ll talk about this case far from healthy alliance. In 2005, I met Deng far Union general healthy, he and I run for two years, I am an angel investor\\ s identity to support this project, in 2005-2007, we can not carry out the project, encountered many difficulties , during which he thought of giving up, I said now is the best time, early to do what you are cannon fodder, do not your night. I watch others to see if he can not play, credibility, team ability. Of course, the market prospects of the project also needs attention.

A weekly: You made a multi-year investment, involving many industries, you know all of the industry?

Lin Fu-Yuan: Only the most stupid people will think they can understand all of the industry, I\\ m not smart, not stupid, I will not try to understand everything. The most dangerous person is the kind of smattering of people, only one thing now decided trend, is the market demand function definitions, functions to create the shape, many people have something to start is to go to this thing to meet any demand, the best projects should know how many people in need. I now invest in health care, primary medical services, fail to get a lot of things I do, I can not open the hospital. Do laboratories, I\\ m open, but too large, my age, if I give my 30 years did, so I do services like this service, 20 years ago from scratch, now from there to the good, the future will be from good to have personality.

\"In Silicon Valley do not deal with governments.\"

A weekly financial: investment in China to do more or less have to deal with governments, to communicate your feelings and the mainland government and foreign what is the difference?

Lin Fu-Yuan: I am the founder of Acorn Campus, was deputy mayor turns on stage three mainland to contact with us. I think about it, China has many \"two exemptions and three reductions\", grant of land, build factories.

What the U.S. Silicon Valley is a strange place? I did 30 years in Silicon Valley career, in addition to applying for a license, approval to send written materials into, I do not remember and the government had dealings. In fact, Silicon Valley, the government should not friendly, it manages a lot, I remember that I have done a photoelectric boiler, German equipment to buy into, to several million dollars, but the fire brigade came, said I to deter violations, boil Ins and Outs a year can not, can not be started. If this kind of thing in China, certainly the local government attracts me to industrial area, just call, or eat a meal on the right.

However, less government control and more control is necessary at this stage, because the future of innovation rely on the government to write a slogan useful? Future will be to talent to innovate, at least the company\\ s leaders have a sense of innovation.

\"Life is full of choices,

You see what attitude to take. \"

A weekly: Do you remember your first investment?

Lin Fu-Yuan: I was chief, and while doing engineering while doing angel investments. I cast the first case in 1991, 1995, on the market, I admit that I was lucky. Of course, if not all pure luck, must have a basic understanding of business, requires a certain awareness.

A weekly: I also see a lot of engineers in the country, but they do not like you think investment company, is not particularly Silicon Valley engineers the ability to invest?

Lin Fu-Yuan: I did not start a lot of money, live frugally with a little money, and slowly make up. My twenties and thirties, when Toyota has been opened, my friends and my income, they have money to go to open Mercedes – Benz, I drive Toyota parked in the back to the party are. Life is full of choices, see what your state of mind to grasp. I\\ ve invested in a domestic products center, voted $ 150,000, $ 50,000 of my own, and $ 50,000 borrowed with my parents, my father-in with $ 50,000 borrowed.

Many people thought he did not hit a good opportunity, this statement is absolutely wrong. Each individual encounter every day in the life opportunities, opportunities across the hands, and runoff from the fingers. Many opportunities for it in your hands you too well, picking up other people to go into google, into Yahoo. Some people say google I thought, the problem is that some people do, some say a lifetime.

A weekly: at home, many do IT are complaining that they are porters, Silicon Valley is there such a situation?

Lin Fu-yuan: Silicon Valley, if you do, are porters may all die out, if ever moved around, never will be innovative, creative wisdom into a slogan, innovation requires talent, if it is not always as porters innovation, and most can do the following Gou production workers.

The importance of intellectual property in Silicon Valley is well known, more and more national attention on intellectual property, I do not attach great importance to the practice of porters, usually a good engineer team, leaders must be creative, innovative, he has done out of something moving in the back only. A good engineer in Silicon Valley to be recognized, the need for basic core values, there must be execution. Even if there are good porter porters porters and poor, a common porter, a function to write 1000, a 500 may have the ability to finish, the best person they went to IBM, iPone, almost The manufacturer of the class went to the place to go.

In addition, pluralism, while the ability to write software is growing. But only this is not enough, said Apple, which is the film companies, entertainment companies, music companies, game companies, what it is. Now the real value of the industry is no longer a simple technology industry, the future is the most valuable mix of industry, the most valuable talent is a mixture of talent, engineers have to understand finance, manufacturing to understand to do financial. For example, red is now more of an industry, medical equipment, I would not invest in three engineers, three doctors will not invest, I will invest three engineers +3 medical team composed of medical equipment.

\"Community organizations can also profitable.\"

A weekly: Your enthusiastic public welfare, and now many types of public service, how do you choose to do public good way?

Lin Fu-Yuan: I can not say I do a lot of public service, but I do, I was a member of the European Fren community, the larger public interest organizations in Europe and America, they had a famous saying, Service above self (beyond self-service). I have a chain of restaurants in Taiwan, the future will have 20 stores, is also preparing to open in Shanghai, I invested in the store when the mandatory money each year, when investors get back three times since, to bring 10% for public service, not to donate to, is our own doing.

Now the public interest and public welfare is not the same as before, the previous public to see a lot of money, just like a famous Mainland surnamed Chen, spreading the money around, which is a practice, after the success of any energy left, there there spread the money, you can also get fame and fortune, the company\\ s image very well. And now the public will become one-stop since, in the future the University will make public a number of trained people, I think that public institutions can be profitable, it was Bill Gates\\ s charity fund trader, 18% of annual profits.

A weekly: you do not like rock and roll?

Lin Fu-Yuan: I do rock out over 40 years, this is my interest, you have not heard me play the piano, I was very professional level. KTV is always better than the feeling of live performance, however, I only performed a month, 600 people live, to sing for four hours, my only drawback is that the sound did not sound good singing, but I will sound, in September , there are two in October, I believe will be very High.

A weekly: You are a speaker, a lot of speaker is very good at good at doing that, you say more or do more?

Lin Fu-Yuan: I do a lot of speech in China, the United States have done a lot of Silicon Valley, I may belong to the reverse operation, I do first investment, dare to do a lot of success out after the lecture, or just use your mouth to say what is virtual .

A weekly: you are speaker, but also like music, you have a relatively strong performance of desire?

Lin Fu-Yuan: I do not know who is the real desire is not performing, performing in different ways by the desire to tend to come out. Take the media, as a reporter, ask a question, want to be better than any other reporter asked, this is a desire to perform. Children want to be a teacher appreciation, which is the desire to perform. Performance can let people know my good, I can share the fun.

\"Particularly fond of reading novels.\"

A weekly: You come to Shanghai in 2004, when he said that grandstanding are many books available in the market, now is there is this view?

Lin Fu-Yuan: either newspaper or the publishing industry, I say it nicely, it can be said is twilight, like a little tiny Taiwan, does not include magazines, out of 45,000 new books a year, the mainland out of 100,000 new books a year, very competitive. 98% of the book are the author\\ s own expense, printed a 500 to someone else. I think it is not easy to write a good book, the less likely a good book, the authors locate in line with the publishers to find and sell a good book more difficult, ordinary people need not work, there is little to see a book on love and go out and buy.

I see too many books, many books just packaging, content is the porter, as some people write inspirational biography, I just think it is a trickster, in particular, many people nothing, still writing inspirational books, actually also selling well.

A weekly: What do you think the book is worth watching?

Lin Fu-Yuan: I think the three kinds of homework, and no less a professional book, reading a couple of months we should, this book includes investment. The second is the classic book, \"Les Miserables\", \"Outlaws of the Marsh\", \"Three Kingdoms\" and other books that are bottoming. The third book is self-cultivation, not to say look at Buddhism, after reading as many novels, sensibility is very strong, I would particularly like to read novels, read many books on the dogma that could not stand, for example, teacher Lin you, Miss you like the teacher, this book could not stand.

A weekly: childhood, when we read, the teacher let us look at classic books, classic books that you are now, classical books in the end to see what\\ s the use?

Lin Fu-yuan: young, people will ask what you would do through to locate the person you are, to the 30-40 years old, people will ask you how to experience, to my age, I often met with CEO, General Manager, Director, independent directors, entrepreneurs, I will ask him, what you did, I want to know how the spirit of this man, how to play power, the credibility of how, of course, I would have investigated it very clear. This is not to say you read a book, you can learn how to build temperament, which requires annual accumulation, read classic books can do that. Some people talk, citing a speech on love, which is actually a show off, some things need to breed temperament mix together.

A weekly: You were born in China Taiwan, then went to America to study in the mainland, many people like to study abroad, whether in Taiwan is that?

Lin Fu-yuan: want to go abroad for two levels of curiosity and up, not tell the country is not up. I invested in each company requires international, the greatest enterprise of the greatest people think is international, in particular, the Internet is now so well developed, competitors may not be across the street, might in India, in the UK, in other countries .

China Taiwan\\ s education and good, but a great American university education, I went to the United States only know what to think independently and education in Taiwan and the mainland, are spoon-feeding education, to see who will be back. I and others talk about, they rarely ask what school graduate. I think going abroad is an experience of life, absolutely. I often encourage people to go abroad, go abroad to absorb the experience of multinational companies is very important.