What's wrong with me being a rich man?

Chapter 128: One after another

Bai Xiaosheng's CEO's office fell into a strange silence.

Xu Xin was thinking about the mechanism of this website.

Yu Xing was thinking about replacing the chair in the office with a better one, or buying a sofa, so that it would be more convenient to communicate with others.

After a moment, Xu Xin suddenly asked, "Mr. Yu, your website doesn't store a batch of similar news, does it?"

If a brand suddenly has quality problems on a day like March 315, it will definitely not be as much as the traffic brought by the "Working Emperor", but such information one after another will definitely make Bai Xiaosheng's development beyond imagination.

Yu Xing looked at Xu Xin's serious expression, surprised and amused: "Boss Xu, this..."

He shook his head: "You can't think so highly of us just because we dethroned an emperor."

"I thought about the number of Bai Xiaosheng users, which now number at least 15." Xu Xin gave an estimate from within Capital Today while observing Yu Xing's expression. "Considering the time it took Bai Xiaosheng to build the site and the stimulation from one thing after another, the energy that such a group of users can unleash is still very strong."

The data Xu Xin had seen before was already very good, otherwise he would not have planned to participate in the A round. However, the development in the month after the New Year was beyond expectations. It seemed that he had underestimated the potential of the 10+ vertical user groups.

She was still doubting one thing before she came here this time.

Is it true, as Yu Xing said, that he came up with the idea of ​​"killing" after he met Tang Jun in Beijing, or did he get the information provided by others on the website before he went there?

How much value can 100,000 users have?
One hundred thousand such users are really valuable!

Yu Xing noticed the serious look in General Manager Xu's eyes and guessed that she was probably overthinking it, so he smiled and told her his whole story about the urge to urinate and the mechanism of the toilet.

Xu Xin seemed to be thinking about something, nodded seriously and said: "It is very intuitive, but we also need to pay attention to one issue. There are risks in doing this on the website. Mr. Yu, I agree with what you said, 'real is real, fake is fake', but many factors are intertwined."

She warned: "You may not even get to the bathroom, and the bathroom has been removed, so you will have to pee on the side of the road."

Yu Xing smiled and said, "Last year when we started Guiai.com, we set up the company in Shanghai for similar reasons. Judging from the current development of Baixiaosheng, it is still worth continuing. I understand why standing on the opposite side of the fake is risky, but as long as Baixiaosheng develops fast enough, this risk will be reduced."

Bai Xiaosheng does not have strong traffic-generating topics every day. Instead, it is the more peaceful content that occupies more of users' time. The former attracts traffic, while the latter retains users.

Xu Xin nodded slightly, agreeing with this idea.

She made a suggestion: "Mr. Yu, your metaphor of 'urine and toilet' is not suitable for public display. You should change it. If Bai Xiaosheng is successful in the future, you can publicize it."

Yu Xing hummed, buried his head in writing, and said seriously: "Okay, I'll make a note of it. Mr. Xu suggested changing it to 'Urine and toilet'."

"Wait, wait." Xu Xin suddenly felt something was wrong. "Where are you writing it down? Aren't you going to post it in 'Chat'?"

Yu Xing said as a matter of course: "Of course, I want to make sure that the dialogue we present is authentic."

"What the hell!" Xu Xin even spoke in dialect, "You are a bit of a god!"

Yu Xing buried his head again, writing and reading: "Mr. Xu admired the business mechanism I designed very much and praised me as a god to my face."

Xu Xin: “…”

She asked suspiciously, "Is this how the conversation between you and Liu Qiangdong came about?"

Yu Xing laughed: "Just kidding, just kidding, I am very serious about what I am going to do, Mr. Xu, in fact, you have refreshed my impression of you today. I thought it would take a lot of effort to get you to reconsider JD's electronic payment, but you are more professional than I thought."

Xu Xin also made a joke: "Hasn't my expertise been demonstrated in the Zhenai.com incident?"

Yu Xing stood in awe and said, "Yes! Unfortunately, there was a little disagreement in our A round, but it doesn't matter. Capital Today was one of the first institutions we considered for our B round of financing."

Xu Xin was stunned: "One of them?"

Yu Xing blinked and introduced: "Yes, Capital Today will be our top priority investment institution for Round B along with IDG, JD Capital, Matrix Partners, and Qiming."

Xu Xin's face darkened and he asked, "Yu Xing, do you know what 'most' means?"

Yu Xing shook his head. “I know what ‘one of’ means. Tang Jun’s case brought us extra fame. Jingwei and Qiming just contacted us today. So, regarding today’s conversation, I want to ask Mr. Xu, how did you feel about missing out on Bai Xiaosheng’s Series A round?”

Xu Xin stared at the young entrepreneur in front of him to make sure he was asking the question seriously.

Yu Xing added: “Or, as a well-known investor, how do you feel about the successful projects you missed?”

Xu Xin's emotions disappeared after hearing this. She hesitated for a moment and said, "Sometimes I feel that I am not brave enough, and sometimes I feel that my colleagues are too brave. But sometimes I am glad that it is okay to be a little less brave."

Yu Xing asked seriously, "Are you brave or not in investing in JD.com?"

"I like Buffett very much. I didn't like reading books before, but later I felt that I needed to see how more outstanding people made decisions, so I read a lot of books. I still often read Buffett's words now." Xu Xin extended his words and said, "Buffett figured out one thing when he was 20 years old, which is the power of compounding."

“This is the value I see in JD.”

"The longer time goes by, the more powerful the infrastructure that JD.com has invested in will be."

"In fact, I have been doing venture capital for many years and gradually realized one thing: most of the money we make may come from a small number of projects. I think JD.com has the potential to become such a company."

“Perhaps the outside world thinks that I am very bold in my determination to invest in JD.com, but after I understand the value of JD.com, I don’t think I am very bold.”

Xu Xin really believes that JD.com can develop, and he is very interested in talking about this.

She smiled and said, "I said before that I recommended Chen Shengqiang to Liu Qiangdong as CFO, but he thought 20,000 yuan for a newcomer was too much. But I really thought Chen Shengqiang was great, so I told Liu Qiangdong that you pay 10,000 yuan and I pay 10,000 yuan, and we would use him for a while. As a result, Liu Qiangdong called me three months later and said that he thought this CFO was very useful and asked me to help him find more people."

"Liu Qiangdong is a person with strong learning and execution abilities. I told him that he should learn from P&G when doing management trainee programs and from Huawei when doing campus recruitment. But in fact, I told every founder the same thing, but he executed it the best."

"So, I think JD.com is doing the right thing, and it will also be the right thing for us to invest and hold for the long term."

Yu Xing nodded and quickly recorded the sharing from the well-known investor.

Xu Xin glanced at the phone on the table and said, "Isn't your phone recording? Why are you taking notes?"

"I'll briefly write down my thoughts and post them together when the time comes." Yu Xing said as he took notes.

Xu Xin made a request: "Show me your ideas."

Two minutes later, Yu Xing handed over the notebook.

Xu Xin took it and looked at it, and found that it was so sloppy that he couldn't understand it at all.

She was about to ask, but suddenly remembered his background and shook her head, "You really are a medical student."

Yu Xing was stunned and asked another question: "According to what you said, Mr. Xu, does Capital Today want to invest in Bai Xiaosheng because they think we are doing the right thing?"

Xu Xin hesitated for two seconds: "My opinion on Bai Xiaosheng is that this website has the potential to become a big single product."

Yu Xing tried to understand: "Big single product? Because of our niche market?"

"That's right." Xu Xin nodded. "Bai Xiaosheng has indeed found a vertically segmented market that is not interfered with by large companies, but it is also limited by the size of this market." "This market is so small, so I think it is difficult for two equally matched competitors to emerge. According to the current situation, as long as Zhichang.com can't catch up with you, you will be able to succeed in the competition."

Yu Xing nodded. The market is so small that it can only breed one winner. However, in a large track like e-commerce, brands such as Alibaba, Taobao, JD.com, and Vipshop can still coexist.

Xu Xin judged: "I originally thought that this year would be the time when the competition in this market would become clear, and we would be able to see who would be the winner. But now it seems that I underestimated your development speed. It may only take half a year to know."

She continued, "However, competition with peers does not mean that Bai Xiaosheng will be the final winner. After Bai Xiaosheng has widened the gap with his competitors, he needs to achieve his own success, including business, revenue, profit, etc. This is what I want to talk to you about."

Yu Xing agreed with this and thought the term "big single product" was very interesting. What he thought of was "Weilong Spicy Strips".

At the same time, I also feel that investors who can become famous are indeed very talented.

Yu Xing quickly wrote down some of his thoughts, then stood up and poured tea for Mr. Xu.

After his lengthy speech, Xu Xin finally got his first sip of water after entering Bai Xiaosheng's president's office.

Then, after realizing this, she cursed in her heart while drinking.

After Xu Xin finished his tea and calmed down, he said, "But I have a concern about Bai Xiaosheng. Although I am willing to invest, I still have concerns."

Yu Xing said seriously: "Boss Xu, you go ahead."

Xu Xin said in the same serious tone: "I'm afraid you're too sharp."

Yu Xing said seriously: "Okay, Mr. Xu, please stop talking."

Xu Xin: “…”

"When we first built the website, we considered the mechanism and had prepared ourselves mentally." Yu Xing felt that he had been a little sharp for a few seconds, and said, "So, we need to find an organization that recognizes us, rather than just pursuing money. I am very glad that Bai Xiaosheng already has such a choice."

Xu Xin hummed, and suddenly mentioned Tang Jun: "Mr. Yu, why do you think Tang Jun has fallen to this point? He could have stopped himself many times."

"That's human nature." Yu Xing has discussed this issue internally. "I think once a person reaches a high position, he or she may not be able to come down."

Xu Xin laughed and said, "If Bai Xiaosheng reaches a high place, will he be held up by someone and unable to come down?"

She is the kind of person who will finish what she is saying, but is willing to say it another way.

Yu Xing only responded with four words: "Seek truth from facts."

Xu Xin got the answer and completely understood the position of the founder Bai Xiaosheng.

Yu Xing took two sips of tea and checked the private messages on the computer web page. Yesterday, almost all of them were about the Tang Jun incident, but today there were more about "fake purple clay pots".

He returned his attention to the purpose of the conversation and asked Xu Xin if he had any relatively general requirements for investment targets.

After all, this conversation is for everyone to see.

"We look at both the project and the team." Xu Xin paused for a moment, "The project is analyzed on a case-by-case basis. As for the team, each founder has a different personality, but I think there are some commonalities."

"For example, having a killer's instinct and being able to see things that others can't see."

"For example, being good at learning, for example, being willing to share wealth."

"Of course, you also have to be able to withstand pressure like President Yu."

Yu Xing nodded, and just as he was about to speak, he saw a private message flashing on the screen.

He liked to read all the private messages, so he clicked on it and suddenly saw a tentative revelation in the three latest private messages - Doctor, my company is engaged in the supply of spare ribs and has a cooperation with Zhen Gongfu. I wonder if I can tell you about it.

Yu Xing couldn't help but glance at Xu Xin.

Because he needed to communicate with this well-known investor, he knew about her investment. "Zhen Gongfu" was also a project invested by Xu Xin.

Yu Xing couldn't help wanting to reply, but before he could type, he saw another private message from the other side - forget it, Doctor, just pretend you didn't see it.

Xu Xin noticed Yu Xing's expression and wondered, "What's wrong?"

"Well, I was thinking..." Yu Xing licked his lips, "I was thinking, Mr. Xu is really good at judging people. I am the kind of person who can withstand pressure, no matter where the pressure comes from."

Xu Xin nodded slightly, having already seen through it.

"There will be pressure internally, pressure from business, and pressure from competition." Yu Xing paused, "Investors will also have pressure, but I am able to withstand pressure."

Xu Xin smiled and said, "Yes, this is actually a very good quality."

Yu Xing asked back: "Mr. Xu, what about you?"

Xu Xin nodded: "I can also handle the pressure, because sometimes investing can be lonely. It takes a long-term approach and requires self-discipline. I am different from others, so I have to handle the pressure."

Yu Xing smiled and said, "That's good."

He turned off the private message. How could the doctor pretend he didn't see it?

If I pretend not to see it, how can I be worthy of the degree certificate hanging on the wall?
Yu Xing pursed his lips and asked carefully: "Mr. Xu, let's not talk about the projects you have invested in the past, such as Tudou, Xiangyi Bencao, Zhen Gongfu... What do you think are the gains and losses in these projects?"

Gains and losses?
Xu Xin hesitated for a moment, the three mentioned projects flashing through his mind, and he slowly said, "I think they are all good, otherwise I wouldn't have invested in them. The ones we invested in have all developed very quickly, accurately and ruthlessly, but I think Bai Xiaosheng fits these three words best."

Soon, it will be of initial scale in a few months.

Accurate and vertically segmented to avoid interference from giants.

It was cruel. Several targets were disrupted and had no peace.

Yu Xing nodded seriously: "Okay, Mr. Xu is right, fast and accurate... ruthless."

Although I haven't heard Ms. Xu's evaluation of "Real Kung Fu", if she doesn't comment, then let her own people do it.

Half of Yu Xing's mind had drifted away, but he still completed the conversation with Xu Xin.

In order to preserve the original flavor, Yu Xing's conversation this time was only simply modified before being shared on the website.

The next day, Xu Xin saw the post.

However, when she saw the note below, "I said that you should go to the bathroom when you feel the urge to pee, but Mr. Xu thought it didn't sound good, so I changed it to "You should eat when you are hungry," she couldn't help but feel dizzy.

Xu Xin browsed the comments below and muttered to himself: "This idiot..."

After a long time, she browsed the feedback about "purple clay pot" on the site again, and still had the same comment: "What a fool."

(End of this chapter)