估值1.5亿到负债近亿，王自如坐绿皮火车还债，董明珠也救不了他

Core Insights - The article discusses the downfall of Wang Ziru, a former entrepreneur in the tech industry, who became a "dishonest executor" due to a debt crisis stemming from a betting agreement made during his startup journey [2][10][20] Group 1: Background and Initial Success - Wang Ziru founded Zealer in 2012, capitalizing on the emerging smartphone market and quickly gained popularity as a digital influencer [3][5] - Initial funding was successful, with investments from Lei Jun's Shunwei Capital and others, leading to a significant increase in company valuation from 8 million to 67 million [3][5] Group 2: The Betting Agreement - In 2016, a critical turning point occurred when Wang Ziru entered into a betting agreement with Shanghai Shuhui Investment Center, which required achieving a 200 million revenue target or facing personal liability for share repurchase [7][9] - This agreement, while common in the startup ecosystem, placed excessive risk on Wang Ziru, highlighting the imbalance in negotiation power between entrepreneurs and investors [7][10] Group 3: Consequences of the Agreement - By the end of 2018, Wang Ziru failed to meet the targets set in the betting agreement, leading to a debt accumulation of nearly 100 million, including a repurchase commitment of 102 million [9][15] - The legal repercussions culminated in a court ruling for forced execution of 33.84 million in January 2024, marking a significant financial crisis for Wang Ziru [9][15] Group 4: Broader Implications in the Startup Ecosystem - Wang Ziru's experience reflects a common narrative in the entrepreneurial landscape, where many founders face similar pitfalls due to aggressive capital strategies and betting agreements [10][12] - The article emphasizes the need for entrepreneurs to maintain a balance between ambition and realistic performance expectations, warning against the dangers of overcommitting to investor demands [14][20] Group 5: Reflections and Future Outlook - Wang Ziru's journey serves as a cautionary tale for aspiring entrepreneurs, stressing the importance of understanding market dynamics and the potential risks associated with capital investments [17][20] - Despite the challenges, there remains a possibility for Wang Ziru to rebuild his career, underscoring the resilience required in the entrepreneurial spirit [19][20]