Wall Street Legend

It is precisely because Facebook is too money-burning that Ye Dongqing dare not invest all the funds on hand.

Otherwise, when the capital chain of this company that burned a lot of money in the early stage of its business has problems, it will have to find a way to sell a share or find ways to make money from other places to fill the capital gap.

In the early stage, he does not plan to accept financing from other institutions or individuals, as long as the operation is done well, the future profit prospects will be considerable.

It's worth taking the risk and giving it a try.

Whether it can be as successful as the original Facebook company is difficult to say for the time being, but judging from the current situation, this newly developed product is quite good to use.

The Beta version is definitely not that advanced, but it has almost all the basic features, such as sharing pictures, text messages, adding friend information through search, and leaving messages on the other party's public homepage, etc.

There are still some functions that have not yet been launched, such as blocking a friend, like function, etc. The entire page looks quite simple. With the improvement and optimization, I believe that in the near future, it will be able to reach a level that satisfies Ye Dongqing.

Someone once said that the most difficult part of starting an Internet business is product positioning and long-term planning. Many people rush into this industry as soon as their heads are hot, and they hit their heads in confusion, wasting time and money.

Don't look at the fact that Silicon Valley had nearly 10,000 large, medium and small start-up companies at its peak in the 1990s. After the bubble collapsed, not even one of the remaining companies was left. New companies continued to appear, and companies that went bankrupt continued to appear. Counting on your fingers, there are only so many companies that are truly at the top.

The things that trouble other entrepreneurs are not a problem for Ye Dongqing. He knows very well what to do and is unlikely to go astray. Just do the logistics support work, which here means constantly paying for it. If you spend money on promotion and development, it is almost impossible to make a profit within two or three years. Ye Dongqing is even prepared to not make a profit for five years.

The reluctance to accept financing prematurely necessitates the infusion of other funds.

It is hard to say whether Facebook can survive the first two months of next year with the more than eight million US dollars left. After all, the requirements for this product are too high, and it will soon enter the stage of staff expansion, and it will also need to support hardware such as servers. The product is being updated, and currently we just rent a small server.

The beta version of the Facebook website has been open for nearly a week. After continuous modification and testing by programmers, it has reached a level that can be released for actual testing.

Ye Dongqing scrolled through the first message until he went out and called Mr. Alfred House and said to him: How about choosing a good day and start putting it on the market tomorrow? People will spend more time using computers during the holidays. I think it’s a good opportunity to promote our products.”

Start tomorrow?

Alfred glanced outside subconsciously and told Ye Dongqing: But who should be left on duty? It may cause a crash at any time. The beta version of the program is not that stable. The web version is slightly better, but the small program It's too bad. If it is open to users, it will definitely be inseparable from people.

You should have told me about this earlier. Now many people have already arranged their vacation plans. For example, I am going to Miami Beach for vacation. If my wife is in a good mood, she will probably go to Panama Islands. This is too much. It puts me in a difficult position.

.I know what you mean, just don't let you stay and work overtime, right?

The programmers in his company are generally young. Mr. Alfred House is only in his early forties. After thinking about it, Ye Dongqing continued:

There should be some people who are not married. Do you think that in addition to the salary, I will provide a bonus of 5,000 US dollars, and he will get a week's vacation after you work? How many people will agree to stay and work overtime?

Five thousand dollars?

Alfred asked rhetorically, and replied after a moment: It should be enough to keep the company running. It's almost three times the salary, and the price is just a few days of delayed vacation.

After the idea of ​​​​making this product available as soon as possible, it took root and grew in Ye Dongqing's mind. He did not want to wait for the long vacation to end, so he would rather spend a little more money for this, almost 30,000 or 40,000 US dollars, a similar small price. He can bear it. It has nothing to do with sitting on the mountain. Tamsui Fund Company is still helping him make money.

Ye Dongqing walked out of the office in person and told the employees the good news. Their response was not as enthusiastic as he expected. Several guys immediately shrank their heads for fear of being caught.

It is difficult for ordinary people to live in New York. For programmers with relatively high salaries, as long as they have a stable job, their life is not to mention how good it is, but at least it is pretty good.

Westerners generally hate working overtime on holidays, especially when their bosses force them to work overtime. Ye Dongqing's approach is not bad. After receiving an extra reward, he can still enjoy one week of paid vacation at the beginning of next year.

Two people raised their arms at the same time, voluntarily staying during the holiday. They must belong to the category of those who are relatively short of money, or they are singles, who have enough to eat by themselves and the whole family is not hungry, and have no plans to travel with so-and-so.

The remaining ones would rather lose a lot of money than work overtime. Everyone else is on holiday and the world is enjoying themselves, but they work in an empty office building. This feeling is really uncomfortable.

After a moment of silence, two more people raised their hands and joined in. Ye Dongqing asked Alfred with his eyes if this was enough. After receiving a nod from the other party, he smiled and patted the shoulders of those poor people and encouraged:

Don't worry, I will never treat you badly. I will reimburse you for meals and transportation expenses, and I will also bring you some small gifts.

If, I mean, if our company becomes popular in the future, we can tell people that you are responsible for maintenance in the first few days of operation. Isn't that cool?

Well, actually it’s not cool at all. For this young and rich Chinese boss, many employees don’t even know what he does. They don’t meet often and their relationship is only average. They think it’s probably because his family is rich. , so the kind of rich second generation who spends money to make troubles.

Don't expect to be able to respond to everything at once. There are only about 20 employees in the company, and it only takes about two months to come to work.

No one responded to him. Ye Dongqing was a little embarrassed. He pretended that nothing happened. He packed up his things in the office and prepared to go to the Freshwater Fund for another inspection and discuss the payment of year-end bonuses with Kanike, who temporarily took over Vigo's position as supervisor. detail.

The performance far exceeded expectations. It would be unreasonable not to give more bonuses to employees. You can give half a month or a month more salary. Instead of having it taken away by the tax bureau when paying taxes, it is better to give it to employees to earn a good reputation. We hope they will work harder next year.

Before leaving, Alfred also showed him the official online website of Freshwater Fund, which is expected to be officially launched early next year, with online trading, redemption, and communication functions.