A high school dropout and grassroots entrepreneur, starting with domain names in a business that many see as "speculative", has inadvertently become the most successful person in China's domain name investment sector. Many well-known companies have purchased good domain names from him. Starting with personal websites, he attracted investments from IDG Capital and Google, eventually selling his website to Google. He has invested in hundreds of personal websites, exerting extensive influence among webmasters and being hailed by the media as the "King of Webmasters."
An increasing number of entrepreneurs have realized the importance of angel investing: a good angel investor brings not only funds but also related resources that can help start-up enterprises take off quickly. However, the reality in China is that there are not many angel investors, and those familiar to ordinary entrepreneurs seem "out of reach," making them hard to truly connect with. Starting from this issue, our magazine will invite Professor Liao Li, Deputy Dean of Tsinghua University’s School of Economics and Management, to engage in dialogue with domestic angel investors, getting closer to these somewhat mysterious "angels" and helping entrepreneurs understand their investment philosophies and stories.
A high school dropout and grassroots entrepreneur, starting with domain names in a business that many see as "speculative", has inadvertently become the most successful person in China's domain name investment sector. Many well-known companies have purchased good domain names from him. Starting with personal websites, he attracted investments from IDG Capital and Google, eventually selling his website to Google. He has invested in hundreds of personal websites, exerting extensive influence among webmasters and being hailed by the media as the "King of Webmasters." Cai Wensheng's entrepreneurial journey appears quite legendary. Now, his identity is the chairman of Xiamen Youjia Network Co., Ltd., operating the casual gaming platform 4399 together with another entrepreneur who started as a webmaster, Li Xingping (founder of hao123). *The Entrepreneur* magazine specially invited Professor Liao Li to engage in dialogue with Cai Wensheng, conducting an in-depth discussion on topics such as domain name investment, personal webmasters, internet entrepreneurship, and investment.
**Domain Name Investment: I Like High-Return Businesses**
Liao Li: Your growth experience will be a great source of inspiration for entrepreneurs because you started your entrepreneurship without finishing high school, representing grassroots entrepreneurship. This makes you feel closer to everyone, not out of reach.