"You're smart enough to see the big picture, but you're not smart enough to see the details." What really makes Meituan grow is takeaway. Meituan did not enter the food delivery industry from the beginning, and when the Ele.me model ran through, accumulated a certain number of users, and had a certain amount of capital attention, Meituan quickly entered and achieved a comeback. Takeaway is a trend, and the timing of Meituan's entry into takeaway is the outlet. How to judge the tuyere? Management expert Zheng Xiangzhou talked about a judgment indicator - the industry penetration rate reached 20%. In other words, when an industry or product, 20 out of 100 people are using it, indicating that the industry is maturing and the outlet is coming. Jia Yueting is now a notorious Lao Lai in China, it can be said that he was "born at the wrong time", his entrepreneurial idea is indeed right and very forward-thinking, his tram idea has been verified in Tesla, and the concept of "ecological anti" has also been continued in Xiaomi's ecology...... However, the era he proposed did not have the external environment for the full development of the industry...... On the chain, the most money made in SOL was not the first players who entered in November 23 (I joined SOL 😭 at that time), but the ones who came in after BOME...... From this point of view, it is not worth spending too much time and effort on a chain until it actually forms a scale effect