之前的预制菜、共享单车、社区团购，我们一个都没投。 为什么？ 人多、扎堆的领域，我们一般不投。 因为但凡是门槛很低、风口型的企业，我觉得是社会财富巨大的浪费，一堆人"杀"进去其实都 赚不到钱。 风口型领域、名牌赛道，都利于大厂。 以下文章来源于i黑马 ，作者i黑马 i黑马 . 让创业者不再孤独@i黑马 最后，预制菜、短剧的钱，是不是都交给了抖音？ 创业者一手拿投资人的钱，另一手就去抖音上面买流量了。 所以， 稀缺性，非共识的无人区， 才是我们未来投资的关键。 这也越来越需要投资人的独立判断。 比如， 新行业投资窗口期很短，更需要"直觉+经验+加码策略判断"。 对于新行业，我们也不想搞懂它，只要你能自圆其说，把我们说服，我就愿意给钱。 当你能够继续跑出来，我们再继续加码。 吴世春 梅花创投合伙人、黑马加速导师 就像当时参半的创始人，跟我讲他的牙膏故事，成功的"骗"到我了。 其实他当时做牙膏没做成，又去搞了一个排气，排气也没做成，后来又搞漱口水。 当时本来我要投另外一家企业，但他说春哥别投，投给我，又成功"骗"到我了，我就投给他 了。 现在，「参半」火了，一年卖20多个亿。 甚至，深圳的市领导，把参半誉为"深圳新 ...

Core Insights - The article discusses the importance of understanding people in the investment industry, particularly focusing on the characteristics of successful entrepreneurs and the investors who back them [2][3] - It highlights the emergence of a new generation of entrepreneurs, particularly in the AI and technology sectors, and how they are being recognized and supported by investors [3][4] Group 1: Insights on Founders - The conversation features three investors discussing their experiences with notable founders: He Yu with Wang Ning of Pop Mart, Cao Xi with Wang Xingxing of Yushu Technology, and Hu Boyu with Zhang Junjie of Bawang Tea [5][6] - He Yu describes Wang Ning as a blend of artistic sensibility and strong business acumen, emphasizing his meticulous attention to cost management [6][7] - Cao Xi characterizes Wang Xingxing as pure and focused, noting his practical approach to business decisions, such as pursuing humanoid robots due to demand [9][10] - Hu Boyu describes Zhang Junjie as undergoing transformative growth, highlighting his unique background and rapid development in the business [10][11] Group 2: Investment Decision-Making - Investors emphasize the importance of understanding the underlying qualities of founders, such as strategic thinking and self-awareness, rather than superficial traits [13][14] - The challenge lies in recognizing new knowledge and business models that may initially seem unfamiliar, as seen with Pop Mart's innovative approach [14][15] - Investors also discuss the difficulty of conveying their insights about founders to their investment committees, given the complexity of the information received during meetings [14][15] Group 3: Personal Reflections - The investors share their perspectives on each other, highlighting traits such as curiosity, empathy, and a focus on simplicity in decision-making [23][30] - They reflect on how their experiences in the investment industry have shaped their understanding of human nature and the importance of respecting it in business [37][38] - The article concludes with thoughts on the ongoing evolution of personal insights and the significance of human connections in both entrepreneurship and investment [39][42]