This sentence was often said to Zhou Xin by a senior investor he knew. Opportunities that everyone can see are no longer opportunities.
People who only became aware of Douyin in 2023 and want to get traffic on Douyin can only face a red ocean market and a group of course bloggers who want to cut you off.
Wu Shiqiang was a little surprised, because he knew Zhou Xin's resume very well, so he knew that Zhou Xinyan had transferred to Berkeley.
After arriving at Berkeley, he started his own business, but I had never heard of Zhou Xin investing in it.
However, he obviously would not show surprise on the outside, but nodded repeatedly: "What you said makes sense.
My thinking is not adequate, mainly because I am a little anxious about the change of identity. This is a relatively superficial thinking. "
Zhou Xin continued: "In fact, investment and academics are the same. The easier it is to discover the result, the earlier it has been done by predecessors. The more difficult it is to produce results, the more opportunities you have to do it.
You just gave the example of online shopping, which is a good example. It is precisely because China does not have this basic condition now, and everyone thinks that this is not a good business.
But this incident itself has proved its success on Nasdaq. There are four listed companies on Nasdaq focusing on online shopping, including Amazon, the leader, and three others.
Amazon’s valuation is approaching $30 billion.
America has only 280 million people, while China has 1.3 billion people.
A market of 280 million people can accommodate four listed online shopping companies. How many companies can China’s market of 1.3 billion people accommodate? How huge is this market?
When China's infrastructure construction is ready and various logistics systems are smooth, even if we can obtain this kind of investment opportunity, how many times will the price we have to pay be now?
Of course, I am not blaming you, I am just giving you some inspiration from an investment perspective.
It will be very troublesome for us to make overseas phone calls after you return to China in the future, because everyone still has the time difference.
So while we are all in San Francisco, I will share some of my thoughts with you. "
Wu Shiqiang was convinced since Zhou Xin's thinking was indeed deeper than his.
He nodded repeatedly, and Zhou Xin continued: "As a new investment fund, we need representative cases.
In this way, some easy-to-pick peaches will be our turn in the future.
After you return to China, I will pay you 30% more than the salary you received at the San Francisco branch.
Performance wages are calculated separately and based on specific investment circumstances.
After you return to China, you need to start the establishment of the entire company. After joining the human resources department, you can talk to him in detail about the construction of the salary system. Your performance salary will be based on the performance salary in the salary system construction. "
Then Zhou Xin added: “In addition, you don’t need many people in the investment department, just two or three are enough.
You take them to contact as many projects as possible and see as many companies as possible. I need to know as much as possible about the situation in China.
If possible, learn more about the semiconductor companies in China that specialize in chips and have technology. Even if these companies have no commercial value, you still need to make a detailed report to me.
Forget it, if that's the case, two or three people are too few. Let's increase it to ten people. "
Zhou Xin understands the development of technology, but he does not know which semiconductor companies in China around the millennium and which ones are truly technological.
He doesn't understand the current situation.
After the Hanxin incident, too many semiconductor companies in China collapsed, and only a handful of semiconductor companies were able to survive from 1999 to 2018, when the industry reversed.
“The most important thing is the legal department. The contract must be clearly understood and there must be no room for the other party to exploit loopholes.
All situations need to be taken into consideration.
My biggest request to you is to form a top-notch legal team, and don’t worry about spending money on this part.
Find the most experienced legal staff in the industry.
When entrepreneurs hear our name, their first reaction is that it is a famous investment institution, and their second reaction is that it has the strongest legal department in the Eastern Hemisphere. "
Zhou Xin played a joke that the other party didn't know, and Wu Shiqiang nodded repeatedly: "Don't worry about this.
I still have many friends in the legal field, and I will definitely choose those with the most experience in the financial industry. "
It is not uncommon for investors and entrepreneurs to have conflicts over interests.
Various entrepreneurs take advantage of contract loopholes to kick investors out.
Or transfer the company's technology and funds, leaving an empty shell for investors.
Zhou Xin heard this kind of thing often in Lujiazui.
Especially during dinner, when you drink some wine at this time, people tend to become emotional. As long as one investor in a group starts telling the story of how he was cheated by an entrepreneur, the others will follow suit.
But from the perspective of an entrepreneur, Zhou Xin felt that their performance was too exaggerated.
Now that his identity has changed, from an entrepreneur to an investor, he must of course make use of the wrong experiences of his predecessors.
It also allows the reckless entrepreneurs in China to see the power of the law.
Of course, there are also people whose red threads are gone when they touch them. If they encounter this kind of person, they can only consider themselves unlucky.
Looking for Wu Shiqiang can also effectively avoid this situation.
Although Wu Shiqiang's connections are not good enough, he is still useful enough to recognize people.
"And there happens to be an investment opportunity tomorrow. I will take you to see this project together."
...
"Hello Larry, I was introduced here by Scott Hassan..."
Before Zhou Xin could finish speaking, Larry Page had already stood up and gave him a hug:
"Newman, I heard you, and since your Angry Birds release, I've seen a lot of my coworkers in our garage, playing it during their breaks.
I love your games myself! "
And another white man sitting quietly on the sofa, Larry Page, seemed particularly outgoing.
Elmer Wasser, the paralegal assigned to Zhou Xin by a law firm in San Francisco, gave Zhou Xin an unexpected surprise.
During a casual chat, the other party said that she knew Scott Hassan.
Scott Hassan, a member of Google's founding team, wrote much of the code for the original Google search engine and then left Google before it was officially founded.
Zhou Xin didn't remember this at first, but as his memory became clearer, he remembered who Scott Hassan was and contacted him through Elmo Wasser.
When Zhou Xin said he wanted to invest in Google, Scott Hassan said he could put him in touch with Larry Page and Sergey Brin.
That is, the two founders of Google.
"Haha, this is a very special game. Even though many people in the world like it, I am still very happy to be recognized by you."
"This is our other founder, Sergey Brin!" Larry Page quickly introduced Zhou Xin.
