Zhou Xin received replies from Robin and Larry Page almost at the same time, and both parties expressed their willingness to accept his investment.
This makes Zhou Xin both happy and worried, because both Google and Baidu are definitely the best among unicorn companies.
Investing in this type of enterprise can easily yield a return on investment of thirty to fifty times.
What worries me is that he doesn't have enough money. He received 200 million US dollars from Bill Gates before, but actually invested another 120 million US dollars in Riot Games, which is equivalent to only 80 million US dollars in cash in his hand.
Fortunately, Angry Birds is still generating a steady stream of revenue for him, but that revenue must first be shared with Ashley and Stephen.
Secondly, in the later period, free download links were flooded with large and small websites, and only a few users were willing to pay for them.
There is almost no increase in this part of income.
Including the income from Angry Birds, Zhou Xin only had less than 90 million US dollars in cash on hand at this time, and invested 20 million US dollars in NewPay.
In addition, Zhou Xin also established a company in Silicon Valley focusing on social media, with an investment of 20 million.
After discussing with Hu Zhengming, the semiconductor manufacturing industry was spending money like water.
In fact, after all calculations, the funds in hand are quite stretched when investing in Google and Baidu.
He thought about it and decided that he still had to launch Riot Games as soon as possible so that he could have more cash flow.
When Google and Baidu raise funds in the future, he will be able to participate in the investment.
Zhou Xin plans to follow the investment for one or two rounds, but there is no particular need for him after that.
"Shiqiang, both Google and Robin are willing to accept my investment. Which one do you think is better?
I believe you have collected a lot of information about them these days. "
After receiving the reply, Zhou Xin called Wu Shiqiang over.
Wu Shiqiang has not returned to China yet because he needs to have a desensitization period after resigning from a bank, let alone an overseas branch. This desensitization period starts at three months.
However, Wu Shiqiang did not disclose his whereabouts to other colleagues except telling the president of their branch.
Because there is no need and the opportunity is rare.
Zhou Xin's personal phone number may be available to other colleagues in their branch, and he will recommend himself when the time comes. Wu Shiqiang does not think he has any irreplaceable advantages.
“Purely speaking from a product perspective, Google’s search experience is indeed better than Yahoo’s.
I also agree with your point of view, that is, as the content of the Internet grows, Google's advantages over Yahoo will become increasingly obvious.
I don't think there's a problem investing in Google.
As long as the valuation is under $10 million, you can invest as much as you can.
As for Robin, I don’t know much about it. I’ve asked some of my friends in the past two days and they don’t know much about Robin. "Wu Shiqiang said.
It’s perfectly normal for those who work in finance to never hear of those who work in technology.
Even if you are a technical person, you have to work in the niche field of search engines to know about Robin.
Wu Shiqiang knows that it is a rare learning opportunity to work with a big boss, especially investment, which is a very unfamiliar field to him.
There is little overlap between banking work and investment.
There is a big gap between the macro information obtained from financial media and actual business.
Wu Shiqiang has a further understanding of this. Google's product experience is better than that of Yahoo. Can you realize it without having real contact with it?
From the excellent user experience of Google's products to the need to invest in Google, there are deep barriers that need to be overcome.
Therefore, the logic of investors is fundamentally different from that of ordinary people.
Wu Shiqiang continued: “Let’s just talk about Google. After doing business with you this time, I realized that there will definitely be no shortage of good products similar to Google’s on the market.
Investors just need to dig out the gold hidden under the soil.
I understand more and more that the first principle of investment is independent thinking and inner peace.
It is always believed that there are giants ahead, so there are no investment opportunities in this field. This is a completely wrong concept.
In an expanding market, if there are giants in the front and the companies behind have comparative advantages, this will actually be an opportunity. "
This is also an important reason why Taobao and JD.com are ahead, and Pinduoduo and Douyin Shopping can still rise in the future.
They found new incremental growth in a mature market.
Zhou Xin was somewhat noncommittal, because Wu Shiqiang had just gone from the first to the second floor, and he was already on the fifth floor: "Shiqiang, you just said something very good.
That is independent thinking.
But your thinking is not deep enough. You need to think further.
Google's products are better than Yahoo's. This is something everyone who has used it knows. The products have advantages. Why is Google not famous in Silicon Valley or Wall Street?
Because their only product, the search engine, is better than Yahoo, and Yahoo is not just a search engine.
Yahoo integrates a series of services such as portal website, Yahoo News, Yahoo Mail, etc. The search engine is only one of its modules.
Even if Google has an advantage in search engine experience, people will still choose Yahoo because they can enjoy more services through Yahoo.
As for the increasing amount of Internet content, I can use Google as a tool and continue to use Yahoo as an Internet service provider.
Do you think the tool is more valuable or the Internet service provider is more valuable?
As a tool, Google can only rely on advertising to charge money. If it wants to charge based on the number of searches, will users buy it?
Do people stay with tools longer, or do they stay longer with internet services?
The longer the stay, the more valuable the ad is. "
Originally thinking that he had thought clearly enough, Wu Shiqiang fell into confusion again, but he quickly thought: "But Google is also valuable.
Investing is not about investing in a company that is better than Yahoo.
Instead, buy when a company's price is lower than its actual value, and sell when its price is higher than its actual value. "
"This is also the principle of investment. I just said so much just to confuse you.
In fact, Google is still a more valuable company than Yahoo, and you can think about why. "Zhou Xin smiled.
Zhou Xin does not shy away from cultivating Wu Shiqiang. After all, Wu Shiqiang will be working for him in the future.
As for cultivating Wu Shiqiang into an investor with far more vision than he currently has, this is also a good thing. China is also lacking investors with vision.
Money can never be earned by one person.
“Okay, you go negotiate with Google and talk to Robin at the same time.
You also know my bottom line before. Google's valuation should not exceed US$15 million at most. The more shares the better, at least 10%.
As for Robin, given a valuation of $5 million, we want 30% of the shares.
I told Robin that US$1.5 million would be enough for Robin to hire a few programmers to build the product. After the product is released, I will help him contact second-round investment.
The second round of investment started with a valuation of US$10 million.
For both investments, we need to have priority rights for subsequent investments. "
