一只北极熊孤单地站在冰面上茫然四顾,这是今年两会期间某媒体做的一个“创业与资本寒冬”的封面。北极熊忍饥挨饿等待捕食季,作为食物链下端的鲑鱼会因为北极熊等在那里而不回归吗?大多数人就是这样看待资本市场的。曾经的创业者、现在的投资人俞敏洪给创业公司的预言是:2016年,六到七成的创业公司将倒闭。那么这些公司倒闭的主因是否是融资问题呢?让我们看看创业与资本的历史。“资本寒冬”成为热词是在2015年, A polar bear lonely standing on the ice blankly looked around, this is a media during the two sessions this year to do a “start-ups and capital winter” cover. Do polar bears starve for the season? Will the salmon, which is the bottom of the food chain, go back to where the polar bears wait? Most people think of the capital markets like this. Former entrepreneur, current investor Yu Minhong prophecy to start-ups: In 2016, 60% to 70% of startups will go bankrupt. So, the main cause of the collapse of these companies is financing problems? Let us look at the history of entrepreneurship and capital. “Capital winter ” become a hot word in 2015,