Magic department shut down 98 years girl CEO from being touted by VC to fall into the dust investors

Abstract: as the Department of magic Angel round of investment institutions, innovation Valley CEO Zhu Bo told reporters on the interface, he has long been concerned about the company. Zhu Bo said that since the Department of magic this year, broke the news after a number of negative news, he has given up the company, has put the magic department store on the death list.

has been extremely hot magical department store project to the second half of 2016 into the death of the moment. 98 years of female CEO, magic department store CEO Wang Kaixin’s fate has also suffered investor attitude of a big turn of 180 degrees.

in the near future, the magic department store’s official website has been inaccessible. As the Department of magic Angel round of investment institutions, innovation Valley CEO Zhu Bo told reporters on the interface, he has long been concerned about the company.

Zhu Bo said that since the Department of magic this year to break out after a number of negative news, he has given up the company, has put the magic department store in the death list.

 

time back in July 2016, the magic department experienced a storm, is refers to the magic store empty, without being kicked employees. Wang Kaixin is the darling of the media from the media to the foundling.

was written by Wang Kaixin, said the department store was founded in a year, he almost experienced all the pits encountered. There are 4 specific aspects:

1 strategy, without any experience, easy to get involved in the electricity supplier supply chain, leading to confusion in management.

2 personnel, blind enrollment, leading to a large number of recruitment does not meet the company’s values and actual needs of staff

3 business, blindly believe the professionalism, experience theory, which has from the real needs of users of

4 public relations, blind exposure in the spotlight, suffered a wall pushed

Wang Kaixin also let all passengers aged CEO with lying gun". Wang Kai said, "I found that I made the same mistake and old mistakes. Blindly believe in the airborne professional managers, blind expansion of personnel and product lines, there is no reasonable control of the company’s cash flow."

Zhu Bo is also behind Wang Kaixin in the first time, it said in the circle of friends:

in her age, Wang Kaixin is very talented business girl, very understanding to belong to his age, and the youth market space is large enough, she always help students to do business before the buyer business, so, by her to start the youth electricity supplier is appropriate.

as an investor, of course, concerned about the performance of the company, but investors will not give too much pressure on entrepreneurs, entrepreneurs want to develop the business in accordance with the nature of business, step by step.

as a result of Wang Kaixin’s age is small, the lack of management experience, she also inevitably made a lot of young entrepreneurs often make mistakes, after a large financing is completed, to