Abstract:Through the analysis of 183 typical Chinese mobile internet start-ups from 2009 to 2016, this paper concludes: (1) The founder of a continuous entrepreneurial experience or work experience with the relevant areas of the start-up enterprises more easily get financing. (2) Venture projects in the field of vertical segmentation are easier to obtain financing for relatively full-area projects, and projects that do business model innovation are not necessarily financially accessible to purely technological innovation projects. (3) The geographical factors for the early start-up enterprises the impact of successful financing is not obvious. Based on the above research, this paper proposes the following policy recommendations: Actively guide potential entrepreneurs to accumulate relevant areas of work experience; actively guide entrepreneurs to engage in vertical subdivision areas and purely technological innovation projects; to further strengthen the non-first-tier cities in the construction of entrepreneurial environment.