"Cheers!" Warren Jensen's face turned red as he drank.
With the great success of "Plants vs. Zombies", NewPay has also grown along with it, and the number of registered users has exceeded one million.
Because after players purchase "Plants vs. Zombies", they will invite their relatives and friends to help register NewPay accounts.
After registering an account, both parties will receive a $10 reward.
In other words, the purchasing users of "Plants vs. Zombies" and the registered users of NewPay do not completely overlap.
The number of registered users exceeds one million, and most of them are registered through mobile phone numbers. Warren Johnson is fully aware of its value.
In just one week, their electronic payment software has gained millions of registered users. Judging from these users alone, NewPay’s valuation is at least one billion.
It only took NewPay a week to become the number one in the electronic payment field.
Warren Jensen is glad he didn't hesitate to jump ship.
But now, this position would not be his turn.
On the night when the number of registered users exceeded one million, NewPay held a celebration dinner at an Italian restaurant in downtown Palo Alto.
Everyone was very drunk, but Zhou Xin didn't drink much.
He was a little melancholy because the number of users was growing too fast.
According to the user incentive plan they developed, for one million users, the incentive plan cost them about 15 million US dollars.
If it were Bezos, fifteen million dollars could be exchanged for one million registered users, and he wouldn't even blink an eyelid.
For Zhou Xin, who had insufficient liquidity, the fifteen million was still very painful.
Fortunately, the release of "Plants vs. Zombies" is another huge sum of money.
"Boss, Amazon, Ebay, Yahoo! and a series of other Internet manufacturers have approached me and expressed their wish to invest in NewPay."
Warren Jensen walked to Zhou Xin and said.
Zhou Xin: “Let’s talk one by one and see who offers the higher price.
We will start to expand at a high speed in the future, and we now need a lot of funds to support the subsequent expansion. "
Zhou Xin handed over the negotiating power to Warren Jensen, who asked: "Price?"
“You talk to them first and find out their psychological price point.
We made it clear to them that we will use up to 20% of our shares for financing in this round.
NewPay is not open to acquisitions. "
Zhou Xin said it categorically.
There are still very few people who are aware of the value of electronic payment, and almost no one who understands what electronic payment can achieve.
It is precisely because of this that, as a Chinese, he can engage in electronic payment in America.
Among the founders of PayPal's predecessor, Confinity, the three founders were East Germany, Poland and the former Soviet Union.
In this era, electronic payment is only considered a supplementary means of offline payment, and everyone has not yet seen the power of electronic payment in the financial field.
Zhou Xin can still keep developing, but when the value of electronic payment is fully realized, NewPay will definitely not be able to keep it.
But before that point in time, Zhou Xin needs to maximize the value of NewPay.
"Warren, you have been in Silicon Valley for some years. For companies like NewPay, there are many investors. We need to adhere to one principle when accepting investment.
What advantages can they bring to NewPay beyond funding?
In addition, while we are talking about accepting investment, we are also talking to Amazon and Ebay, and NewPay will become one of their online payment options!
It's a win-win for both of us.
Our users will become Ebay users, and Ebay users will also become our users. "
Internet practitioners have not yet realized that application scenarios are crucial to electronic payments.
In other words, Ebay opens payment channels to NewPay, and NewPay is the more advantageous party.
Because NewPay only makes sense if users can use NewPay to complete payment actions.
Even if Ebay can only pay with Visa, it still has value and meaning.
“After receiving financing, we need to form a sales team to communicate with every Internet service provider.
We need to promote NewPay to the doorstep of every Internet service provider.
Don’t they lack the means to make a profit? They have users but no means of profit. NewPay can provide them with a channel linking them with users. As long as they have the idea of charging services, they can charge through NewPay. "
In just one week, NewPay went from being an unknown player to becoming the company with the largest number of users in the entire electronic payment field.
This explosive growth has dumbfounded entrepreneurs throughout Silicon Valley.
Is it so easy for users to copy?
Now everyone is not very clear about the concept of traffic, but knowing that users is the key.
Why Yahoo is so valuable is because everyone who uses the Internet is their user.
But Yahoo's success is limited to the portal. They want to copy users to other Yahoo products, and there are high barriers.
The same goes for Microsoft.
Microsoft is a monopoly within a monopoly. You can choose MSN, Netscape, or Americen Online instead of Yahoo!
However, the only operating system you can choose is windows. Currently, Linux and Mac are non-mainstream.
Similarly, Microsoft tried to copy their users from Windows to browsers, portals, and mailboxes, but failed miserably.
It will be driven almost entirely by acquisitions.
For example, the acquisition of Hotmail also inherits the users of Hotmail, but it cannot attract the users of Windows operating system to Hotmail.
But NewPay did it. They absorbed a large number of users from the Riot Electronics community into NewPay.
This had a huge impact on the entire Silicon Valley, and everyone was discussing why NewPay was successful.
Why can't I?
"Why can't we?" Bezos was very depressed.
Wanting to have fun, Warren Jensen went to a little-known small company. The only advantage of this small company was that their founder was somewhat famous.
Newman is only famous in Silicon Valley because of his rapid rise. In Bezos's view, there is no comparison between Newman and the giants like him who have carved a niche in the field of electronic shopping.
Later, the name Newman appeared in his ears again when Newman invested in Google.
Now, the rapid rise of NewPay has focused the attention of the entire Silicon Valley on them.
Bezos is certainly no exception.
Because electronic payment and electronic shopping are closely related, the two are complementary to each other.
Amazon has experienced repeated failures in the field of electronic payments. It has been exploring the field of electronic payments since its establishment, but failed repeatedly. Amazon Pay was not launched until 2007.
“We have a consumer base, why can’t our electronic payment application attract our consumers?”
Amazon held an all-executive meeting internally to discuss the issue.
"We need to think about how to convert consumers into our users in other areas. This is very important to Amazon!"
