In the past three years of LuMao, I have seen too many dead studios. There are all kinds of them. Some of them broke their capital chain in the middle, some of them had conflicts between internal partners, some of them were counter-LuMao because of their lack of investment research capabilities, and some of them were phished by hackers because of their lack of security awareness. But when these people started to enter this besieged city, they were all full of fighting spirit. Even now, I still see all kinds of passionate newcomers entering this circle. Here, as a person who has stepped on the pit all the way, I want to tell these newcomers about my feelings and experience of LuMao in the past two years.