Rebirth of Hong Kong's tycoons, shorting Eagle Sauce

After hearing Clark's rebuttal, Robert laughed secretly.

Every word was heart-wrenching, seemingly reasonable and impeccable, but it made the boss feel humiliated.

Wang Lei was also aggrieved in his heart. Even if he confessed that he was the manipulator behind Cayman, the other party would probably treat it as a joke.

"Boss, do you want me to teach him a lesson?"

"No need, you will lead his first round of financing.

Then I will let Blackstone Group join in the second round. No matter which capital intervenes next, we will follow and guarantee that we have half of its share."

Robert's body was shocked. It was rare for the boss to care so much about a small company, but without exception, they all became the cash cow of the group in the end.

Could Netscape be the next unicorn!

Thinking of this, Robert also became serious:

"Okay, boss, are you so optimistic about the Internet?"

"The Internet will definitely become a highly sought-after object on Wall Street. Whether Cayman Capital can become one of the top four investment banks depends on whether it can seize this rare opportunity."

Robert did not expect that his boss would be so optimistic about the emerging Internet industry.

As a senior industry veteran, he naturally saw that this industry is profitable, but it is far from being a must-invest in it.

Wang Lei's words made him realize that there are opportunities in the Internet that he has not seen yet.

"Boss, profitability has always been the top problem that plagues Internet companies. There are millions of users but they cannot be converted into considerable profits..."

"Robert, I am also aware of this, but what does it have to do with us?"

Robert was shocked. Yes, they are bulls, and their original intention is to speculate on the Internet concept and make profits in the financial market.

As for how the Internet will develop in the future, it has nothing to do with them.

"I understand. When the Internet bubble is more, we will short sell it. Hehe, I am familiar with this job."

Seeing that Robert has learned to draw inferences from one example, Wang Lei smiled with relief.

"So Cayman Capital should invest in Internet start-ups, and invest more in those that are developing rapidly."

"By the way, don't be reluctant to spend money!"

The reason for such an exhortation is that investing in the Internet is a money-burning thing.

First of all, you need someone to program you. Many founders are the first generation of technicians who write code, but this kind of high-intensity mental work is definitely not something that one or two people can maintain for a long time.

Even if you pull their hair out, you can't complete such mentally intensive work.

Then you have to recruit people. The problem is that the Internet has only been developed for a few years now, and technicians are a rare species. Those who have some skills have started their own businesses.

Scarcity makes things valuable, and programmers have suddenly become a high-paying profession.

Annual salary is 90,000 or 100,000 US dollars at any time...

Some interns who have not yet graduated can get a monthly salary of more than 5,000 US dollars.

Even so, technicians are never fully recruited. Some small companies that have just started have huge monthly salary expenses.

In addition to the exaggerated salary expenditure, various Internet companies also like to be innovative and create various corporate cultures.

Perhaps because there are more young people, nerds will also have a lot of fun when they have money.

Various luxury parties have become the cultural symbol of Internet companies.

When a company receives capital injection, it will have a party. When a company's project department is established, it will have a party. Even when a product is launched, it will have a party to celebrate.

The Internet industry party is not to buy a few pizzas, drink some drinks, and dance around the DJ.

In addition to various exquisite and luxurious buffets, the biggest expense is still various drinks. Perhaps because it is close to Hollywood, some stars will even be invited to perform.

When Silicon Valley was at its busiest, more than 20 expensive parties like this were held every week.

However, the above expenses were still small amounts of money. The value of the early Internet was all reflected in the number of users and user growth.

We are all in the same track, so why do you get more investment?

Let alone profits, we are still good friends. Even if we really want to compare, we are all in a loss-making state.

It depends on the large number of users and fast user growth.

To achieve the above two goals, we need to place a large number of advertisements and spend a lot of time on promotion.

Anyone who does advertising knows that spending hundreds of millions of advertising fees a year is nothing.

So, Wang Lei emphasized this sentence.

Robert nodded half-heartedly.

"Next year is the first year of the Internet. Just wait and see. Netscape will definitely create a Silicon Valley miracle after it goes public!"

"What about Clark's rejection of you?"

"Haha, I won't be angry with him. Netscape'sThe peak is also its death day. "

Microsoft will soon discover the potential of the browser. Netscape has no ability to resist such a giant. After the birth of IE1.0, browser users have flocked to Microsoft.

Until 1998, Netscape was acquired by AOL for $4.2 billion, yes, that America Online.

One of the most suitable targets for short selling in Wang Lei's eyes.

Robert heard some hidden meanings, and the boss seemed to have predicted that Netscape's decline was inevitable.

Just when he was stunned, Wang Lei asked:

"Robert, how is the progress of Mexico?"

"As you ordered.

We have borrowed 6 billion pesos (Mexican currency) from several major banks in Mexico, and have exchanged them for more than 2 billion US dollars in three months! "

At this time, Mexico, like most countries, had a fixed exchange rate tied to the US dollar.

The upper limit of the peso to the US dollar was 3.0520.

After the Sakura Island bubble, a large amount of foreign capital flowed into other countries in East Asia, and part of it flowed into Mexico, the neighboring country of the United States.

A large amount of capital entered the Mexican market, making Mexico's financial market unprecedentedly prosperous.

The word unprecedented means bubble. Facts have proved that the unrestrained introduction of foreign capital is not a good thing.

Of course, the Mexican authorities, who had no precedent, did not realize that this was a bad thing.

In just four years, nearly 100 billion US dollars of foreign capital was introduced, and more than 30 billion was introduced in the past 93 years.

The Mexican fiscal deficit has also steadily increased from 3.8 billion to 1.3 billion. It rose to 29.5 billion US dollars!

This is called a current account deficit in economics.

The Mexican authorities are still complacent about this, thinking that their country has unlimited potential and is favored by capital.

They have no idea that a disaster is about to come at the end of 1994.

The current account deficit directly leads to imports exceeding exports.

To import, you need to convert the local currency into foreign currency, so the market is generally selling the local currency and buying foreign currency.

If the local currency is sold too much, it will depreciate.

But Mexico is implementing a national exchange rate at this time, and even if it falls, it is controlled within a very small space.

At this time, problems and contradictions arise. The peso, which should have depreciated significantly, is locked by the national exchange rate. The exchange rate of the peso has been greatly overestimated and is greater than the actual exchange rate.