我，公司创始人，不接受产业资本的钱

Core Viewpoint - The article discusses a growing sentiment among entrepreneurs to avoid industry capital in favor of financial investors, highlighting concerns over control and valuation pressure from industry investors [2][3][7]. Group 1: Entrepreneurial Sentiment - Many entrepreneurs express a preference for financial investors over industry capital, indicating a shift in the startup ecosystem [2][3]. - Founders in sectors like healthcare and hard technology explicitly state their reluctance to engage with corporate venture capital (CVC) [2][3][4]. - Concerns about losing control over business decisions are a significant factor in this sentiment, as industry investors often seek more influence [5][6]. Group 2: Valuation Concerns - Entrepreneurs report experiences of being pressured to accept lower valuations when partnering with industry capital, which can lead to unfavorable terms [7][9]. - Instances are cited where industry investors offered orders but simultaneously reduced the company's valuation significantly [7][9]. - The perception that industry capital often fails to deliver promised resources further fuels this reluctance [7][9]. Group 3: Mixed Experiences with Industry Capital - While there are negative sentiments, some companies have successfully leveraged industry capital for growth, as seen in the case of Jilin Power and BYD [9][10]. - The effectiveness of industry capital often depends on the internal structure and priorities of the investing organization, with successful examples linked to strong support from top management [10][11]. - Some industry investors are still seen as essential for credibility and future funding opportunities, particularly in hard technology sectors [13][14]. Group 4: Market Dynamics - The current investment landscape shows a preference for industry capital due to its perceived advantages in accessing resources and market insights [13][14]. - The complexity of the market leads to a dilemma for entrepreneurs, who may feel compelled to accept industry capital despite reservations [14]. - Ultimately, the article emphasizes the importance of entrepreneurs maintaining a clear understanding of their needs and making informed decisions about potential partnerships [14].