Larry Li

In this game of high risks and high rewards, only a very few products and services can ultimately gain user recognition and become the driving force for sustained business growth. Therefore, one point I consistently emphasize to my entrepreneurial friends is: the growth of a company is a gradual process, requiring continuous experimentation and adjustment in order to steadily progress forward.

A cautionary tale on the pitfalls of prioritizing rapid expansion over sustainable growth in business. Drawing from the demise of companies like Katerra, Knotel, and OFO, it underscores the importance of strategic foresight and long-term vision in navigating the volatile landscape of entrepreneurship. Emphasizing resilience and perseverance, it urges entrepreneurs to prioritize longevity over short-term gains, especially in the face of pandemic-induced challenges.

Amino enhances online collaboration between our teams. Over the past two years, we've developed an internal investment platform, advancing our fund. As we expand our software development team, we value diverse talents with non-traditional backgrounds. Exemplified by Vlad Magdalin, who founded Webflow despite humble beginnings, we prioritize growth, integrity, and character in founders. This approach has led to successful investments in several unicorn companies.

Jack Ma emphasized that competition with Tencent drives Alibaba to improve, highlighting that "a good competitor is the tonic for business development." This principle is seen in the rivalry between Nokia and Motorola, which spurred innovation, and in Tencent's internal competition that produced products like WeChat. For startups, differentiated competition and venture capital support are key to growth. Successful entrepreneurs embrace competition, continually refining and pushing their boundaries.

Entrepreneurial success isn't just for the young; it's driven by passion, insight, and continuous learning, which transcend age. While iconic figures like Bill Gates and Mark Zuckerberg achieved early success, many like Sam Walton and Henry Ford thrived later, proving experience and perseverance are invaluable. Today, abundant resources and opportunities make this the best time for aspiring entrepreneurs of any age. At AMINO, we seek extraordinary individuals who embody continuous growth and innovation.