ofo completely run away: the “pig” was blown to the sky, owed billions of deposit was beaten back to the original shape

1.

ofo runs away completely

Once all over the street, known as “one of the four new inventions”, let countless investors chase to throw money on the yellow car ofo completely run away.

Users can no longer contact them from any official channel, no matter the public or telephone customer service, all lost contact, the last microblogging release date is August 2, 2019, is a rumor post: for the outside 5 yuan to acquire a bicycle rumors to dispel, but also to the rumor mongers severely punished.

Now how ironic this rumor dispelling post seems, and all of the comments below it are also asking for a deposit. From the beginning of 2018, a large number of people ran to the ofo’s headquarters office to return the deposit, known as “China’s long queue”, the queue once to 16 million, even if you line up for a few hours to enter the office to register the deposit, the best case is to wait 15 days to get to the account, some people have waited for two years, are not! And so on.

Until now, ofo has more than a billion deposits not refunded.

The Beijing headquarters office, also empty, founder Dai Wei, after being listed by the court for the 35th time as “old rogue”, chose to quit ofo legal person and executive director, like a willful child, leaving the screwed up toys dashing away, even running away posture with pride.

2.

Proud Davy.

Born in 1991, Davy is a proud man.

His pride comes from his family history and experience. His father, is the chairman of China Chemical Engineering Group, Dai He Gen. In 2009, he was admitted to Peking University Guanghua School of Management, and served as the president of the student union of Guanghua School of Management and the student union of Peking University, and was sent to Peking University for consecutive studies.

With such a radiant resume, who wouldn’t be a little proud of it? In comparison, Hu Weiwei, the founder of Mobike, who once competed with Ofo for market leader, is a small-town young man from a three-year-old college, which is much more grassroots.

But this proud resume has also been questioned, in 2012, still in the Peking University as a student body president Dai Wei, has encountered fraud questions. A network whistleblowing letter said: “Dai Wei was admitted to Peking University, the test is to find relations with the “college entrance examination immigrants” and art special student 60 points, he was later elected president of the student body, but also by bribing teachers to “eat South Beauty, live in Shangri-La, fly across the country, more than 30 people to see Wang Lee-Hom’s concert in the Bird’s Nest! “, costing a total of about $500,000.

The content of the report letter is not known to be true, but it also reflects that Dai Wei’s radiant family history and resume have brought him not only a smooth life, but also more ordinary people’s doubts about him.

In 2014, Dai Wei and four of his friends co-founded ofo small yellow car, but at that time China’s “sharing economy” trend has not yet come, small yellow car is only in Beijing campus operation, although the scale is small, but still a little profit.

This gave Dai Wei an even bigger idea: if he had enough money to buy more yellow cars, would he be able to make more money?

So he found a fellow apprentice, is doing “angel investors” of Xiao Changxing. The latter gave him 1 million angel investment, let him go to “try”. The results of the 1 million spent two months, there is no movement. A dejected Dai Wei found Xiao Changxing again, this time to borrow another 1 million, and learned from the last lesson, the bicycle all put in his familiar university campus.

He also published a soft message through his public number, calling on Peking University students to donate bicycles and “do a big job together”. Moved by David’s sentiment, the Peking University students donated a total of 1,000 bicycles, saving David a lot of costs.

Because of the increase in vehicles and the money spent on new registrations, the number of users of the little yellow bikes soon began to grow. Just at this time, the concept of “sharing economy” began to be popular in China, Dai Wei and his little yellow car became the meat and potatoes of the capital chase.

In 2016, the famous investor, Zhu Xiaohu, who successfully invested in Didi, Hungry, Little Red Book, and Yingke, took the initiative to find Dai Wei, not only to invest in him, but also took Dai Wei to meet with many investors, from which to matchmaking, to throw money into the small yellow car.

Since then, millet, drops, Ali and other factions of the investment in succession, just two years, ofo small yellow car got a total of 15 billion yuan of investment. Also in this short period of a few years, the total number of users of the yellow car is at least ten million level.

The total number of users, there is a lot of doubt and water, because ofo and mobai had a period of white-hot competition, both sides take money to ask some institutions to do a report, in short, is to make their own data market first, so different reports, the two total number of users are not the same, now there is a shared bicycle claim that their number of users reached 200 million, really the more back more dare to blow. But ofo users tens of millions should be there, because now the number of refunds are lined up to 16 million.

Success comes too easily, a company in the past to do from zero to ten million users level, fast to more than five years, but in the “sharing economy” miracle, two years is enough.

Under the miracle of the “sharing economy”, two years was enough. Such success made Wei Wei a little overwhelmed. He really thought he created the “bicycle sharing” economic model is successful, really because he was able to. This kind of pride made him not know how to quit when he was behind the mediation with all the capital, and he didn’t even bother to lower his head a little.

The mission of capital is to make money, not to help some people realize their dreams.

The mission of capital is to make money, not to help some people realize their dreams. When all the capital sat together, discussing the merger of Ofo and Dubai, Dai Wei stood out against it, insisting on keeping the “independent operation of Ofo”. The feast of the big brothers sharing the money was spoiled.

This would have been a common practice in the capital market: an industry in the end there are only two, the two will often be merged, because the previous few years are relying on money to hit the market, to the back of the two scale are very large, and then hit the cost is very high, and after the merger, the capital can cash out, and the market because only one dominant monopoly position, you can start to reap profits.

But David for their own hands to create the company has a strong desire to control, he is like a child clutching his hands like a toy, let a group of capitalists to share the money plan on hold, which doomed him to failure.

3.

Blown up “pig”.

Billions of dollars owed in security deposits were knocked back.

Compared with Dai Weiwei, the founder of Mobai bicycle Hu Weiwei is much smarter. In fact, competition to the late stage, Mobai’s debt pressure is also very large, and the phenomenon of misappropriation of deposits also appeared. But when the capital threw an olive branch, Hu Weiwei made a timely move to sell Mobai to the Meituan, cashing out herself.

Rumor has it that she cashed out 1.5 billion, no matter how much it is, in short, a few years of entrepreneurship will be able to achieve financial freedom, from then on, poetry and the distance unrestrained away, how many people envy ah.

The company has been in the process of developing the new product for the past two years, and has been working on the new product for a long time. This time, Didi’s reply was: “Didi will not acquire ofo, will firmly support ofo’s independent operation”. This is exactly the exact words of Dai Wei when he refused to merge with the capitalist.

The company has been in the process of developing the new product for the past few years, and has been a major player in the development of the new product.

It’s a good idea to get a good deal more than just a few of these.

After 90 years of David, or young ah, bicycle sharing can be successful in the north campus profit, put on the society, it will be a successful business model? Is the school environment the same as the social environment? How many bikes are thrown away like trash, used for personal use after being broken into and locked, and sold as scrap metal? Can you recoup the cost of a new car that is put on the market and may be scrapped in a few months?

Some people say that bike sharing is not by rent money, but by the deposit money, people with billions of deposit to invest, earn this money. But isn’t this a “Ponzi scheme”? Once there is a large number of refunds, behind the new users can not keep up with the speed of refunds, that is not collapsed.

The “sharing economy” although those years fire can’t, a time dozens of shared bicycle, small yellow, small blue, small green, small black …… even the color is not enough for them to use, but the real behind the control, is the capital ah, not these take someone else’s money to realize the ideal of young founders, you are just a wind blown to the sky “pig” only.

When the “sharing economy” was blown to the sky, in addition to bicycles, there were more ridiculous concepts that emerged in a swarm, such as shared computers, shared tissues, shared paper towels, and so on. For example, sharing computers, sharing paper towels, and even “sharing girlfriend” …… is actually an Internet café and vending machine for a concept, these people, really “do what not to do, make words first! “.

This created, not “economic miracle”, but the fake big empty “surge”, the final bill, or those leeks. The capital cash out of the field, who cares what you “flood”.

Davy failed, lost in his proud character so that he was too deep into the drama, do not know what to stop, in everyone to share money, he is still doing the “sharing economy” dream, afraid of others to take his right, rob his company, little did he know that in the eyes of the capital, was made out of the “concept of prosperity”! “Just to amass money. Hopefully, the next time he starts a business, he will learn from this lesson.