Wall Street Legend

From 1987, the scientific and technological circles and the educational circles began to trial the Internet, and in 1994, the Internet was successfully used. After that, with the completion of the four major backbone networks, in 1996, China's Internet industry began to enter an active period. After experiencing the Internet bubble in previous years, , people began to look at this industry rationally, knowing that a company must not only have ideas, but also have long-term plans and goals.

One of the benefits of the Internet bubble is that people have begun to place profit model and growth in an important position. They use these two points to judge whether a company is worth investing in. Ye Dongqing spoke in this exchange-based discussion At the master's dinner table, we clearly noticed the mainstream concepts of Chinese Internet practitioners in this era. They generally believe that they cannot burn money without limit, and they prioritize expanding the number of users.

While eating and talking at the wine table, Ye Dongqing was thinking about how to use the money wisely. In fact, he already had several goals. He felt that if sufficient funds were provided and a feasible development plan was provided, these would not be possible yet. What kind of startup company may bring you some surprises in the future.

In this era, there are about 31 million computers in China, and the number of Internet users is almost 80 million. It can be seen that the number of registered users is often hundreds of millions. Not only is Boni falsely reporting the number of users, but also executives from other companies We are also accustomed to talking about the number of registered users.

This does not reflect anything. Only the real number of regular users can reflect the accurate size of an Internet company. Take Facebook for example. There are more than 60 million accounts that log in repeatedly within a week. This is a truly high-quality enterprise. Compared with QQ There are still many users, but the population size of the United States and some European countries is not as large as that of China, and the popularity of the network is quite high.

If you bring money to invest, you have no intention of taking it back. Others can engage in angel investment, such as Son Zhengyi, who is getting more and more valuable. Ye Dongqing is also preparing to get involved in this field. It has long been planned to come to China to lay out the Internet industry. , if some companies in which he has a stake support each other, it may be possible to achieve the effect of one plus one being greater than two.

So, at this moment, he put down his chopsticks, raised his glass with a smile and told everyone present: To be honest, I am quite optimistic about the development potential of this market, and I have also brought a sum of funds, about US$500 million. If there is a suitable I can continue to spend more money on investment projects, so you can prepare a more detailed project plan. If you think there is an opportunity to cooperate, I can provide partial investment to achieve a win-win situation.

If it is more successful then, I can also help plan the listing on Nasdaq. Mr. Bernard Madoff, the former chairman of Nasdaq, is an old friend of mine. He had close business dealings with me in the past and can I will definitely help if I can. I will send you my email address when the time comes. As long as you are interested, the funds will be available soon.

Venture capitalists have also come in contact with them before. Every time an Internet conference is held, venture capitalists are indispensable. There are indeed not many people paying attention to the Chinese Internet market, especially after the bubble burst, but it is not absolutely non-existent.

However, it is true that there are not many wealthy people like Ye Dongqing who spend a lot of money. Although they all have their own little thoughts, they don't show it, and everyone's expressions are quite normal.

Internet startups are polarized. Companies like Tencent will not lack investors. Especially since last year, many institutions have come to contact Boni. However, small companies and companies that have been listed have almost no one paying attention. The former is because it has not made any outstanding achievements yet and is stuck in a kind of dead cycle. It has no money to develop, and because it cannot develop, it cannot attract investors. The listed company is because it has been squeezed once and wants to Obtaining investment is more difficult.

No matter what other people think, anyway, the Big Three, the three bosses of Sina, NetEase, and Sohu, are very interested in Ye Dongqing's proposal. They have low profits and high investment, and have already been in trouble with capital flow. Some opportunities were clearly right in front of them, but they couldn't be realized successfully. At that moment, they decided to find a time to talk to Ye Dongqing. When they looked at each other, they guessed each other's thoughts and smiled at each other.

Sohu's boss Zhang is more outgoing. At this time, he told Ye Dongqing: When it comes to starting a business, I have a pretty good idea. I want to build the thing you have. Recently, a mobile phone called PHS has appeared on the market. , that thing has no signal at all times. It feels like a mobile phone, not a mobile phone at all.

There are Nokia and Motorola on the market, as well as Japanese and Korean products, but there are not many domestically produced mobile phones. Now, whether you are doing business, driving a taxi, or working part-time, who doesn’t want to buy a mobile phone? The market must be huge. Recently, a friend talked to me and made me think about a question: why not make our own mobile phones? Just like what Lenovo is doing, all equipment and parts can be bought with money. Someone told me that it is not difficult. You can buy semi-finished products from Baodao. If you find some people to help assemble them and sell them, the profit will be huge. Not bad, what do you think?

Zhang Chao did his homework before coming and asked an old friend to help check Ye Dongqing's business. He accidentally heard that he and Steve Jobs had conspired to develop mobile phones. He happened to be interested in it again, so he casually mentioned it at this moment.

He didn't know that the mobile phone that Ye Dongqing was focusing on was different from all the traditional mobile phones on the market. He just thought that if the negotiation could be concluded and the money could be obtained from Ye Dongqing, it would mean that the business was half successful. Several people My friend is from Baodao, and he can buy almost all the components for mobile phone production from Baodao's semiconductor processing factories. In his opinion, this kind of business is not difficult. Once the funds are in place, everything will be easy.

Hearing this, Ye Dongqing nodded with interest and said: This is very good. It seems that we have made a very good start. In fact, I once talked with a Chinese company about jointly developing mobile phones, but the other party rejected it. It is said that I am currently developing my own mobile phone, and I believe it will be available on the market soon.

Ordinary mobile phones are not difficult to make. The technology is relatively mature. It is estimated that it will be at least two years before Apple's first-generation smartphone is launched. During this period, it is possible to create a relatively good mobile phone brand. In addition to competing with Egypt In addition to working on electric cars with Musk, the mobile phone industry is also his favorite business.

When Mr. Zhang heard this, he thought there was something interesting and added: I will call my friend over tomorrow and the three of us will talk in person. There is no technical difficulty. The main problem is funding. You can't go wrong with this business...