Back to 1995

Chapter 536 Destroying the Wolf
Raising funds for a $5000 million fund is nothing on Wall Street. Those star funds can also be easily raised, but it takes time. Even star fund managers dare not pat their chests. One hour, one sentence can cause those big grievances, no, it is an investor who is willing to pay 5000 million US dollars for him.

And PayPal has done it now. In less than an hour, it short-sold a $5000 million fund, setting a new record on Wall Street!

"PayPal has created a new history, and Wall Street has also entered a new era. Finance and wealth management are no longer related to nobility, and middle-class families are not all on Wall Street. The era of universal investment is coming!"

The New York Times made such a report in the newspaper that day. The only thing that PayPal’s feat proved is that the scope of leeks has expanded again.

Just like when shorting the game station, the leeks around the world rose up, relying on hundreds of dollars in their hands to buy the stocks of the game station frantically, just like the Wall Street short-selling giants, as long as there are enough leeks, it is Wall Street investment banks and institutions. Weigh the weight, will it capsize in the gutter.

In an hour, the fund that sold 5000 million US dollars still made the Wall Street institutions a little dumbfounded, but what followed was excitement.

Sold out for the first time, if it can be described as a coincidence, then if it can be sold short next time, it means that it is absolutely feasible to issue new funds through PayPal, although PayPal will charge a part of the handling fee to follow Advertising fees, compared to the management fees and dividends earned, are nothing at all!

Wall Street is very cooperative in building momentum for the PayPal platform. The major American media, TV stations, radio stations, newspapers, magazines, Yahoo, AOL and other Internet platforms are overwhelming, with gimmicks about financial freedom to achieve wealth.

In fact, in the past few decades, Wall Street has been doing this kind of propaganda, what long-term purchase of funds, bonds, insurance, and then relying on these things to achieve wealth freedom, retirement, and become a millionaire, etc., but in the past, it was all What is aimed at middle-class families is not aimed at countless little leeks.

But this time, Wall Street began to target these little leeks. These rhetoric and news are not very fresh, but, every ten years, new leeks will grow, and there will always be leeks every year. There are new leeks in the pit.

Not to mention, this time, PayPal is still targeting global users. Except for those who have been to America, overseas leeks who have not been beaten by Wall Street are quite excited about these words.

Just like the fund issued for Goldman Sachs, nearly half of the buyers are leeks from overseas.

"Now is the best time. Now is the era of the Internet, and it is also an opportunity to achieve financial freedom. We have seen that those in the Internet industry, the founders of companies such as Yahoo, AOL, Lycos, and ICQ, have become billionaires !

If you miss this opportunity, it is impossible to regret it any more! "

On the New York State TV station, the two sides quarreled about whether it was worth buying funds and other things, and whether they would lose money. But generally speaking, the host and the guests invited continued to buy The fund is guided in a favorable direction.

Watching the program on the TV, Song Yang couldn't help shaking his head. Although PayPal was the one who cut the leeks, PayPal would still warn users with huge red letters before buying, "Investment is risky, and you need to be cautious when buying enough." As for Winning is losing, PayPal does not take the risk, and is completely willing to bet and admit defeat, let alone use these tricks to encourage users to enter the pit.

The programs on TV in front of me are almost the same as the stock review programs of those domestic TV stations in the later generations. They invite a bunch of fund managers, analysts, professors, etc. to analyze the stocks, and then "inadvertently" recommend a stock to the user , or simply, is selling lessons, these are routines.

If you are lucky, you can make a little money, but if you are not lucky, the hero will take over the business for the black hand. The TV station in front of Song Yang is also doing the same thing.

"Manager Price, what do you think of this topic? The Goldman Sachs Nasdaq 100 Index Fund you manage just completed a $5000 million fundraising and sold out in a record hour. We found out that during your tenure Within, the fund you manage has an annual return of more than 20%, and you are the winner of Wall Street's annual fund champion!"

The host asked a thin and tall man in his 50s. He is the fund manager issued on the PayPal platform. He can be promoted by Goldman Sachs to take the lead. Price is of course an ace fund manager.

"We have to admit that everything in the world is risky, but I think it is worthwhile to exchange 10% of the risk for 50% of the return. I have witnessed too many things that increase the value of wealth because of wealth management. I have also seen countless cases of bankruptcy and displacement due to improper management, just like those African-American stars in the NBA..."

Facing the camera, Priss actually used speech skills to faintly create psychological panic among the users watching the program. It seemed that if they did not hand over the money to professional managers like them, they would go bankrupt in the future and set up tents on the street.

Song Yang took a few glances, then turned off the TV, and asked Aaron Swartz who came to the villa, "How is PayPal now?"

"Now Goldman Sachs, Citigroup, Deutsche Bank, UBS and other investment banks and institutions all want to issue new funds through PayPal to raise funds. We pre-sold a $7000 million investment fund for Deutsche Bank Investment Bank. Within hours, all pre-sales will be completed!"

Aaron Swartz said with an excited expression that the new generation of leeks are growing very well, coupled with the overwhelming publicity of "getting rich", countless young leeks are eager to send money.

"It is estimated that fund agency sales, insurance and other businesses will become the second largest business on the PayPal platform, second only to the income from transaction fees!"

Looking at Song Yang's expression, Aaron Swartz showed no excitement when he saw Song Yang's face, and even shook his head slightly. Swartz immediately changed his words, "The PayPal platform has already sent users It reminds you of the risks, even if you lose money buying those products, it has nothing to do with PayPal, the legal department worked out an investment agreement for the PayPal platform with the best law firms in America!"

If you dare to play this trick, you must think about defeat before winning. Greg's legal department has already approached several large law firms in America to draw up a perfect contract, even if someone loses money on those things that someone bought in the future , that has nothing to do with the PayPal platform.

Song Yang shook his head and didn't mention this anymore. The Internet in America is now in the period of explosion. Yahoo's market value is less than 500 billion US dollars, which is nearly 2000 billion US dollars before the collapse, and it is only Xiaohe. Just sharp corners.

Now whether it is buying the Internet, technology stocks or funds, at least within a year or two, as long as they can be bought when they are good, they can make a lot of money. If you are a little more greedy, the pants will be cheated, no wonder the PayPal platform.

"only……"

Aaron Swartz said, "Now X.com payment platform, dotBank payment, etc., are now imitating PayPal payment, and starting to promote sales funds, etc.!"

Now PayPal can be said to be the only one in the payment industry. Although there are countless challengers, they are all imitators. More or less have to live the whole life.

Now they are not as good as PayPal, but they continue to burn money desperately, and the investors behind them continue to spend money, trying to replace PayPal.

In particular, the performance of PayPal after selling funds, let the outside world see the potential of the payment platform to cut leeks. Silicon Valley venture capital and Wall Street institutions are more willing to spend money on the X.com payment platform, and some even shout out The slogan of free handling fee is obviously not making money, and I don’t want PayPal to live a good life. Toads don’t bite people, but it’s disgusting...

Aaron Swartz wants to free up his hand and teach these opponents a lesson, but Song Yang doesn't seem to have any plans to start a war with other payment platforms, "Song, now other payment platforms, They are burning money to seize the market and continue to subsidize users. If PayPal does not follow up, it may lose part of the market..."

Song Yang listened to what Aaron Swartz said, shook his head, "Don't worry about them, PayPal doesn't need to follow their footsteps, now PayPal is the one standing on the top of the payment industry, there is no need to look at the one climbing the mountain Help people face!"

"Only when the tide goes out do you know who is swimming."

Song Yang pointed to Aaron Swartz and said, "What PayPal has to do now is to build a risk control system and start all businesses. I don't ask PayPal to make much money, but I want PayPal to make as much revenue as possible. To achieve a balance, in addition, we must prepare enough cash to maintain PayPal's liquidity for three to five years!"

"By the way, how is Wikipedia doing now?"

When Aaron Swartz got up, Song Yang asked him, this is considered a private investment project, and it has not been publicized with much fanfare, and it is impossible to find too many investors in the future.

Mentioning this, Aaron Swartz showed a smile on his face, "We are recruiting people, and we will start building the Wikipedia website next month, and it should be completed next year."

Song Yang nodded, "If necessary, we can second some staff from ICQ, Double Click, PayPal and other departments to Wikipedia!"

Hearing this, Swartz finally couldn't help laughing, "Song, thank you for your support!"

Now, it may be controversial to say which technology is the strongest in the entire Silicon Valley, or even the entire Internet industry, but Song Yang is definitely one of the leaders here. Not to mention the best technology, but the technical personnel are definitely the best. the most!

(End of this chapter)