As an electronic payment company, with the development of the Internet industry, people will become increasingly aware of the importance of the electronic payment field.
Giants like Apple are also trying to build their own electronic payment applications in the future. Not to mention Amazon and eBay, which have natural advantages.
Therefore, NewPay’s current advantage is only the first-mover advantage, which is not obvious. If NewPay does not introduce more investors and everything is in the hands of Zhou Xin, its future development will only become more and more limited.
Therefore, Zhou Xin has always welcomed the introduction of external investment into NewPay. He wants to drive out Goldman Sachs and Morgan because Goldman Sachs and Morgan have very few personal clients, and their personal clients are all large-capital clients.
Zhou Xin also hopes that his investors will be banks focusing on personal business, online shopping companies such as Amazon and eBay, and insurance companies focusing on personal business.
The help that Goldman Sachs and Morgan can bring to NewPay’s future development is extremely limited.
After these two institutions entered, they became more and more aware of the value of NewPay. In the short term, it will be difficult to let them out.
Zhou Xin thought to himself: It seems that we can only wait until the Nasdaq bubble bursts.
After the deal of the century when Time Warner acquired Quora ended, Zhou Xin realized that the Nasdaq bubble might burst shortly after the acquisition.
In the words of the Chinese nation, this is called burning oil and blooming flowers, and it must be a precursor to decline.
After Time Warner acquired Quora at a sky-high price, Wu Shiqiang's life was better. He doesn't look at the monk's face but the Buddha's face. The boss behind him is the richest man in the world second only to Bill Gates.
Will emerging capital still be out of money?
Entrepreneurs who had previously ignored Wu Shiqiang began to greet him with smiles again.
A few crumbs left out of Zhou Xin's hand would be an unimaginable astronomical sum for them.
"Mr. Wu, the main target of our project is Quora. Our product is called Zhihu. In the early stage, it mainly targeted domestic student groups, such as college students, graduate students and even Ph.D.s. At the same time, we invited famous professors from the first 9 985 universities in the country to station in Zhihu. Huh.
At present, the invitation system is mainly adopted. One user can invite three users. At the same time, we will regularly issue registration verification codes to the student unions of universities.
At present, it is mainly aimed at the domestic elite group. We currently have a total of close to 10,000 users. This is our project plan. "
Wu Shiqiang was helpless. He was another investor who wanted to benchmark Quora. It was recommended by his friend and said it was very reliable.
After hearing the results, this is completely unreliable. From business model to application scenarios, it completely imitates Quora.
Wu Shiqiang looks down on similar projects at all. In his opinion, it will be difficult for other knowledge question and answer communities to find a living space if there is suspicion.
Whether it is funding, number of users, or community activity, these new companies simply cannot compare with big companies.
In Wu Shiqiang's view, if an Internet company wants to have room for growth, the most important thing is their model innovation, which is a business form that China's Internet currently does not have.
In this way, his investment can help the company grow rapidly and avoid being copied by large companies to achieve overtake.
He picked it up and flipped through a few pages before asking: "I took a preliminary look and found that your model is very similar to Quora."
Sitting opposite Wu Shiqiang, a man in a suit but unable to hide his childish look said: "Yes, to be honest with you, we are almost borrowing Quora's model.
In other words, the success of Zhou Xin’s Quora has given us Chinese Internet practitioners too much encouragement.
During this period, nine out of ten entrepreneurial projects in Zhongguancun were knowledge question and answer communities, and everyone wanted to be the next Quora. "
Wu Shiqiang asked: "Sohu's suspicion and Sina's new questions are ahead, how can you surpass them?
At the same time, there are so many companies in the market that want to create a Q&A community. What are your unique advantages? "
The man replied: "Huwei and Xinwen have a limited lead, and the number of high-end users they have gathered is actually very small."
High-end users are a concept that only came into being after the emergence of Quora. In China, high-end users at this time generally refer to senior intellectuals.
“Our advantage is that our founder team has a large number of educational resources in various fields. To be honest, these university professors can only register accounts and answer questions on Zhihu.
In the future, we will let state-owned capital invest in our company, and then not only professors from the current nine 985 universities will join our platform, but professors from well-known domestic universities and even all universities will register accounts on our platform.
Professors will even be assessed in terms of teaching quality. They need to provide answers with enough likes to pass the assessment.
Even if a professor contributes one high-quality answer every week, this is an advantage that other trivia communities do not have. "
Wu Shiqiang understands instantly, has rich educational resources, and can even incorporate their community content into assessment indicators, making him the top second generation in the education department.
There may be other fields, because there are also state-owned capital investment.
Wu Shiqiang asked: "In that case, why do you want emerging capital to invest in the company? You can get state-owned capital to invest in it anyway."
The other party smiled awkwardly: "Senior Zhou Xin is behind Xinxing Capital. To put it bluntly, we want him to become our shareholder.
When we are listed on Nasdaq and do road shows, we can say that we are the Quora of China, and Senior Zhou Xin is our investor.
This is a great temptation for everyone on Nasdaq. It is another masterpiece of Newman.
The name Newman alone is worth 500 million in Silicon Valley.
You think, this is a win-win situation, emerging investments can reap benefits, and we can go public more smoothly. "
Wu Shiqiang finally understood. To put it bluntly, he wanted to use Zhou Xin's fame to cut off Wall Street.
"I can submit your project to the boss, but the boss is very busy recently, so I can't guarantee whether he will look at your project.
As you know, our boss is going to be on various shows recently, and Riot Games is about to be launched. "
The acquisition of Quora cannot fundamentally reverse the dilemma faced by Wu Shiqiang. After all, Quora does not belong to him. He is also working for Zhou Xin. If you can't come up with money to invest, sooner or later other entrepreneurs will have to answer the same questions as before. reason.
The man nodded wildly: "I understand, I understand. If there is any response in the future, please tell me. If Senior Zhou Xin returns to China, you can help me meet him. I will give you this number." The other party held out five finger.
Wu Shiqiang was thinking about how to answer when the phone on his desk rang:
"Shiqiang, I read the research report you wrote. I will return to China during the Christmas vacation this year. After meeting the leaders in Yanjing, I want to hold an Internet summit.
The first phase of Emerging Capital’s capital scale is US$1 billion, which is entirely funded by me personally.
The main purpose of organizing the Internet Summit is for me to serve as a platform for emerging capital to invest in Internet business in China.
This summit can be held as an annual Internet industry conference. You convey my intention to the relevant parties and we will host it together with the other party. "
It is beneficial and harmless to organize the subsequent Wuzhen Summit in advance.
After Zhou Xin obtains the start-up capital, he will gradually shift most of his energy to entrepreneurship in semiconductor and real industries. The Internet will basically only invest and not operate.
China has a vast market and numerous companies with good prospects, and emerging investments will take a share of the pie.
More importantly, emerging capital serves as a bridge to make overseas capital aware of China's vast investment potential.
The overseas capital here is not only European and American capital, but also Middle Eastern tycoons and sovereign investment funds of Southeast Asian countries.
Emerging capital pools this money and invests it not only in the Internet industry, but also in the semiconductor industry.
Zhou Xin plans to use his own funds as the main source, supplemented by external funds, for some key companies that require long-term investment and will not see benefits in the short term, but once the benefits are realized, the semiconductor companies will be extremely amazing.
Such as photolithography machine.
Some relatively less critical areas, such as semiconductor materials, EDA, chip design, packaging, etc., are entirely funded by emerging investments and invested in Chinese companies.
For this part of the work cycle that has a long work cycle, Zhou Xin planned to start recruiting people one after another after establishing the association, and then set up a company and start it.
Taking the photolithography machine as an example, he found Lin Benjian. Even if Lin Benjian was willing to work with him, it would take at least three years from starting the project to producing semi-finished products that can enter the SMIC industry chain.
In the semiconductor industry, it does not mean that once your product is developed, there will be no problems. R&D is only the first step, which means that there will be no major problems in the laboratory simulation environment.
When it comes to the actual production process, there will be countless problems.
The moat of semiconductors lies here. This is an industry that relies on a lot of manpower and time to feed experience.
The lithography machine you build needs to be extensively verified on the production side, and then optimized and iterated. Only if it can finally achieve the same yield rate as other lithography machines can it be considered a success.
A photolithography machine with a yield rate of 80% makes no sense. Nikon, Canon and ASML can achieve a yield rate of more than 95%. If your costs cannot be reduced, there will be no market for your products.
Zhou Xin's plan is to poach Lin Benjian, so that Nikon, ASML and Canon can only use the 157nm F2 laser, and are stuck at 157nm and cannot achieve breakthroughs.
How much can it slow down the opponent's progress?
Back to Wu Shiqiang, Wu Shiqiang was elated when he received the call. What worries him most after taking charge of emerging investments? There are no bullets.
Empty projects have no bullets, so entrepreneurs regard him as the god of plague and avoid him.
Now, it’s time to host the Summit of the Century and invest another billion dollars.
It was like transforming from a humble family into a wealthy family.
None of the foreign investment institutions currently active in Zhongguancun has an investment quota of US$1 billion. At most, it’s only tens of millions of RMB for you to try the waters.
"Okay, no problem, boss, I'll contact you right away and send you the progress via email every week."
I don’t know what to name this chapter. I wrote this chapter with a notebook at the high-speed rail station. There may be typos or sentences that are not fluent. I will correct it after I get off the train.
(End of chapter)
