Users are only the basis of electronic payment, and the level of activity is the most critical factor that determines the value of an electronic payment software.
There are no registered users, and APPs that are not used by these registered users are worthless.
NewPay took advantage of the trend by launching Quora's paid Q&A function, and the number of transactions occurring through Quora every day surged.
Finally, Zhou Xin said: “During this period, there will definitely be many Internet companies that want to refer to Quora’s paid Q&A function and launch their paid sessions.
Including Yahoo, I guess Yahoo will probably come to talk to us. Don't reject them. As long as there are companies willing to integrate NewPay, we will agree.
There is no need to avoid the competition between these Internet companies and other companies under my name.
My vision for NewPay is that it can become the water and electricity of the Internet era in the future, everywhere and everyone needs it.
It is precisely because of this vision that we must not let other Internet companies think that NewPay is my personal tool and will use NewPay to attack other Internet companies.
NewPay will not be the city wall I build for my own other Internet companies. "
Zhou Xin said it very straightforwardly, because he was unable to pay attention to the specific matters of NewPay in real time, so he needed to say anything in advance.
If NewPay is not open to Internet companies that are in direct competition with Zhou Xin, in Zhou Xin's view, this is a waste of money.
So what if Quora really monopolizes the entire market? Its value is limited. This will affect the subsequent development of NewPay and make other Internet companies realize that they need to support another electronic payment company to avoid being constrained in the payment field. .
This is really not worth the gain.
After Yahoo's Q&A community was launched, even though Quora's activity increased sharply after the launch of the paid Q&A function, it still gained some users with the help of Yahoo's own traffic.
At the same time, Yahoo Answers has no barriers and can be played by anyone, which also attracts some Quora users away.
After Yahoo Answers was launched, one of the most popular questions was: "Which product do you think is better, Yahoo Answers or Quora, and why?"
In other words, because Yahoo Answers has no threshold, questions that also do not require thresholds will be popular among the public.
Because Yahoo Questions and Answers was launched too quickly, many functions are incomplete, for example, it is not equipped with a complete set of logical recommendation algorithms.
This results in users seeing questions and answers filled with a lot of emotional responses rather than truly valuable answers.
Among the answers to the question above, the one with the highest number of likes is:
"Quora is like a carefully crafted work of art, while Yahoo Answers is a crude and industrialized product."
This kind of answer has only emotions but no content. In other words, it is an answer with only arguments and no evidence. The entire Q&A community is full of similar content.
No one cares about the answers of the Nobel Prize winners that Yahoo spent a lot of effort to invite.
Yahoo's staff asked these Nobel Prize winners questions, all of which were very professional. As a result, the Nobel Prize winners' answers were too unfriendly to the vast majority of users.
It did not have the expected effect of Yahoo at all.
But Yahoo's executives and staff were not aware of the problem. They were still immersed in the dazzling data of Yahoo Answers' user numbers and activity.
“The trivia community has natural advantages. Users like this format. After Yahoo Answers was launched, even if Quora launched new features, it would be of no use to us.
As long as Quora is not open to all users for a day, the Yahoo Q&A community will naturally absorb these users. "Kevin was quite proud of the data compiled by his subordinates.
Yahoo Questions and Answers, which he single-handedly led, relied on its data to be boasted in the company's semi-annual report. As a result, Yahoo's stock price rose by at least ten points.
"Jerry, it seems that your worries have not been realized. Quora's high threshold has led to users using a emasculated version of Quora. Yahoo Answers has solved a problem for the majority of users from scratch.
We only need to continue to optimize Yahoo Q&A in the future, and sooner or later we will be able to achieve the effect of Quora.
The number of users is the basis for the healthy survival of a Q&A community. Why other Internet companies failed to succeed in Q&A communities is because their number of users is too small.
Yahoo naturally has this advantage. "
When Yahoo executives were proud of Yahoo Answers' dazzling data, Quora launched Quorapedia based on Nupedia.
All users are allowed to edit the content of Quora Encyclopedia, but after you edit the content, it does not mean that it will become the official content of Quora Encyclopedia for everyone to see.
For example, after you edit an entry, all editors of this entry will receive scoring permissions. The editors will vote for the entry, and they cannot vote for the entries they edited.
The content with the most votes will become the official content of the entry.
Of course, a manual review mechanism has also been introduced. For example, when the votes are similar, other experienced users in the field will be invited to make judgments.
When the number of official entries edited by a user in the corresponding field reaches 5, he will obtain all permissions in the corresponding field of Quora and obtain a silver badge in that field to distinguish it from the gold badge of users who have passed the exam.
"Welcome to the Charlie Rose talk show. Today our guest is Newman Zhou, who is known as the genius of Silicon Valley.
Recently, with the launch of Quora, Newman has become more and more popular in Silicon Valley. All my friends in Silicon Valley are discussing Newman.
They all agree that Newman is the most outstanding product manager in Silicon Valley now. His ideas have the magic power to turn stone into gold. Let us welcome Newman! "
Yes, Zhou Xin also came to participate in Charlie Rose's talk show. In this era when Internet entertainment is not enough, TV talk shows have a strong influence.
Zhou Xin needs to expand his popularity in the minds of ordinary people, and at the same time, highly bind his personal image with NewPay.
This is just like Jack Ma is no longer the actual controller of Ant Group in later generations. After the adjustment of voting rights, he lost the majority of the voting rights of Ant Group. Even so, when people mention Ant and Alipay, the first thing that comes to mind is Jack Ma. .
Especially when you know that this company has a great possibility in the future, no, it is certain, Amerikan will try their best to kick him out.
The creation of this kind of image also requires long-term management.
"Hello everyone, I am Newman, the founder of NewPay and Quora." Zhou Xin walked onto the stage wearing a white short-sleeved shirt with a Matrix pattern printed on it.
"Did you forget something?" Charlie Rose was dressed very formally, from a black suit to a black tie and white shirt.
When he and Zhou Xin sit together, it's like the time and space of a conversation between a Broadway opera singer in the 1920s and a Silicon Valley programmer in the 21st century.
Zhou Xin smiled: "Well, maybe there is also the founder of Riot Games. These titles are not important to me."
Charlie Rose captures the message keenly: "What's your favorite title?"
"I am a PhD candidate at the University of California, Berkeley, in the field of integrated circuits," Zhou Xin replied.
In later generations, it was this identity that benefited him the most. It was this identity that allowed him to come into contact with Lighthizer's grandson and join ZTE.
It is precisely because of this identity that he was able to obtain a large amount of angel investment when he established Xinxin Technology, and the investors did not make too many demands.
Charlie Rose applauded, and the audience in the audience also applauded wildly and screamed: "It seems that our Silicon Valley genius is reminding us that everything in Silicon Valley is just his side job."
The wizard also means a wizard.
“Well, I was in this studio just a week ago interviewing Jerry Yang, and I’m here today to interview his fellow Silicon Valley high achiever, Newman.
In this studio before, Jerry praised you greatly, thinking that you are the best product manager in Silicon Valley and can understand people's hearts.
Newman, what do you think about this, and what do you think of Jerry? "
Zhou Xin thought for a while and then said: "Jerry is also an excellent product manager. As for whether he is as good as me, I can't be both a judge and a contestant. This is unfair to both of us.
And I’ve just begun my career as an Internet product manager, so it’s too early to tell.
Jerry is a very nice person. As early as the launch of Riot Electronics Community, Jerry wanted to acquire Riot Games for US$300 million.
You must know that I was still an unknown person at that time, and Yahoo could have built a gaming community on its own. But Jerry chose to negotiate the acquisition with me. "
Charlie Rose picked up the A4 paper with weekly information written on it, looked at it, and then screamed: "You were only twenty years old when Riot Electronics Community was launched.
You can earn 300 million US dollars at the age of twenty. I can’t believe how good you are.
But you were right not to sell to Yahoo. Riot Games Community is now valued at $2 billion. "
Because Riot Games has not yet been listed, this valuation is the valuation given by the media, which will be quite different from the actual market value after listing.
"So why didn't you consider Yahoo's acquisition? Was it because you were already in contact with Bill Gates?"
Zhou Xin shook his head: "No, I just don't like being acquired. I have a certain desire to control the company I founded.
I'm not very comfortable with acquisitions. "
Charlie Rose nodded slightly: “I didn’t like this feeling of being constrained when I was young, and I can understand you very well.
Newman, was there any pressure on you before Yahoo Answers went live?
In fact, I really want to know whether Quora's paid Q&A function has been around for a long time, just waiting for Yahoo Answers to steal all its limelight before it was launched, or is it a coincidence that the paid Q&A function coincides with the launch of Yahoo Answers? "
Zhou Xin: “Actually, I don’t really care about what my competitors have done, or what they are going to do.
I don't care about these, I only care about how I can better serve users and meet their needs. This is what I care about.
As for the question of whether it's a coincidence or not. "
Another chapter! I'm too diligent
(End of chapter)
