Open F2F Class notes 2nd July (Eddie)

Demo StudentChen

anonymous adj               = with unknown identity 
anonymously adv           = to do something without giving away an identity

Original:
With the development of mobile, it was a boom to develop mobile apps, because of such successful case, like uber, what’s app, Snap, etc.. In China, especially in last two years, thousands of young men, who want to be the next Mark Zuckerberg, started up their business by developing apps. They found that only if you have a big idea(a good story), which could change the world, you can get a huge sum of investment from venture capitalists, who also want to be a shareholder of next Facebook or Alibaba. To continue the “story”, the starters have to acquire new users to persuade the investors to continue to invest them. So the first objective of these starters is not create values for the society or change the world, but get more users and money.
It’s the big boom after the Internet boom happened the beginning of 21 century. I think it will not last for a long time.

Edit:
The development of mobile brought about a boom in mobile app development, because of such successful cases, like Uber, Whatsapp, Snapchat, etc.. In China, especially in the last two years, thousands of young men who want to be the next Mark Zuckerberg started up their businesses by developing apps. They found that only if you have a big idea or a good story which could change the world, you can get a huge amount of interest and money from venture capitalists, who also want to be a shareholder of the next Facebook or Alibaba. To continue the “story”, the starters have to acquire / attract new users to persuade the investors to continue to invest in them. Therefore the primary objective of these starters is not to create values for society or change the world, but get more users and money.
All of the above may suggest that this is in fact only another bubble, which may not lat very long until it pops. It’s the big boom after the Internet boom happened the beginning of 21 century. I think it will not last for a long time.