雷士照明吴长江10年牢狱，1.7亿买教训

Core Viewpoint - The article discusses the lessons learned from the entrepreneurial journey of Wu Changjiang, founder of NVC Lighting, emphasizing the dangers of gambling, emotional decision-making, and the importance of understanding capital dynamics in business [4][39]. Group 1: Lessons from Wu Changjiang's Experience - Wu Changjiang reflects on his past mistakes, particularly how gambling led to his downfall, resulting in a loss of over 1 billion yuan and a 10-year prison sentence for misappropriation of funds [7][11]. - The article highlights the importance of maintaining a solid business mindset and avoiding high-risk behaviors outside of core business activities, as these can jeopardize long-term entrepreneurial efforts [10][11]. - Emotional decision-making, such as giving away excessive equity to partners out of loyalty, can lead to loss of control and ultimately harm the business [14][19]. Group 2: Capital and Risk Management - Entrepreneurs must be cautious with capital partners, as there are no permanent allies in business; interests can shift, leading to potential exploitation [25][26]. - Wu Changjiang's misunderstanding of pre-money and post-money valuation concepts led to significant dilution of his shares and loss of control over his company [28][29]. - The article stresses the necessity for entrepreneurs to understand financial terms, seek legal advice, and maintain a risk-aware approach in all business dealings to avoid being taken advantage of by investors [39].