"Newman, everyone is waiting for you. If I remember correctly, this should be your first time coming to New York and visiting Wall Street.
This is the financial center of the world. Wall Street has a very long history. We are very happy to see the arrival of new blood here today. "Henry Paulson led the Goldman Sachs team to welcome Zhou Xin at 10004 85th Street in Manhattan's Financial District.
Unlike Jarrell, who has hundreds of vice presidents at Goldman Sachs, Henry Paulson is a de facto executive at Goldman Sachs and is one of the nine members of the committee.
After George Doty joined Goldman Sachs, Goldman Sachs established a management committee. There were eight members at the beginning. Later, the entire management committee gradually increased to about 20 members.
Henry Paulson and Jon Corzine led the change of the Management Committee to the Executive Committee, once again reducing the number of committee members to nine people.
Henry Paulson was a truly powerful figure at Goldman Sachs, ranking among the top two on the company's executive committee.
He joined Goldman Sachs in 1974, and later jumped from Goldman Sachs to the Amerikan government as Minister of Finance in 2006. Although he sold all Goldman Sachs' stocks during his tenure as Treasury Secretary, he transferred US$12.9 billion to Goldman Sachs through AIG public funds during the financial crisis. Goldman Sachs was also the company that received the most AIG public funds at the time.
It was Henry Paulson who single-handedly led the acquisition of Quora by Time Warner.
After Time Warner was acquired, in just two months, its market value soared from the original $20 billion to $130 billion, surpassing Yahoo and becoming the first Internet company on Nasdaq to have a market value of over $100 billion.
If you think of Time Warner as an Internet company.
The stock market has performed so well that Time Warner has not made any changes to Quora, and Quora's products and services remain unchanged.
After the acquisition was completed, Quora's operating data was disclosed to the outside world through Time Warner. In Time Warner's semi-annual report for the first half of the year, the number of paying users of Quora, the number of subscribers of Quora Golden Choice, and Quora's profits were all reported in Time Warner's semi-annual report. the most eye-catching part.
It was Quora's good performance that caused Time Warner's market value to soar, and this acquisition became another classic case of Henry Paulson.
Zhou Xin shook hands with Henry Paulson and a large group of Goldman Sachs executives behind him one by one: "This is my first time in New York.
New York is more prosperous than San Francisco, and it's also nice to meet all the elites in the financial world.
Before I came to study at Americus, I had the idea of working on Wall Street. At that time, I thought that if I didn’t have talent in scientific research, Wall Street would be the best place for me. Because the salary offered here is enough. "
This was Zhou Xin's idea when he first went to Berkeley in his previous life. At that time, he considered using his PhD to work on Wall Street.
Later, he gave it up, mainly because Zhou Xin felt that he had some talent in integrated circuits. Since he had talent, there was no need to go into the financial industry.
Henry Paulson: "Newman, if it's you, the Goldman Sachs committee wouldn't mind one more spot."
Speaking of Henry Paulson, fortunately, he became the Secretary of the Treasury in 2006. If he became the Secretary of the Treasury ten years later in 2016, he might not be investigated after 2020.
During his tenure as a Goldman Sachs committee member, he visited China more than 70 times. The English media claimed that he had close ties with the Chinese elite.
“Starting this afternoon, we will be conducting a three-day road show on Wall Street in the next three days. Investors on Wall Street heard that Newman was coming and were extremely enthusiastic to participate.
This is the most popular road show I have ever seen. Investors I know are asking me when Newman will come. Remember to give them invitations to the road show. "
The roadshow will be attended by all the company's management team, not just the management team but also the accompanying daily office staff.
Zhou Shouzi, who later became popular around the world for his participation in the Tik Tok hearings, was previously a senior executive of Xiaomi.
During the Xiaomi road show, I took a group photo on Wall Street with six senior executives including Lei Jun and Lin Bin.
After a brief chat with Goldman Sachs, Aimo became Zhou Xin's secretary, responsible for helping him handle all kinds of affairs. Zhou Xin hired him from his earliest law firm.
Elmo was one of the first to regard Zhou Xin as an available partner. Later, after watching Zhou Xin's meteoric rise and realizing that Zhou Xin was the best marriage partner she could get, she always wanted to have a breakthrough in her relationship with Zhou Xin.
It's just that Zhou Xin didn't seem to be tempted by her at all, which made Elmo wonder whether he was not charming enough.
After leaving Goldman Sachs, Elmo looked at Zhou Xin with admiring eyes, "Boss, other companies usually let Goldman Sachs take charge of IPOs, and Goldman Sachs will help them conduct roadshows in major cities such as Boston, Chicago, Los Angeles and New York to stimulate investment. People's interest in the company and IPO.
Because these cities also have corresponding financial institutions, this IPO project needs to be introduced to enough institutional investors, analysts, fund managers and hedge funds.
But Riot Games doesn’t use it, just because you are the boss behind Riot Games, and Newman’s name is the best proof. "
Elmo has been in charge of connecting with Goldman Sachs, and she has been deeply involved in the listing of Riot Games, so she knows that it is normal to be so specific.
It feels good to be flattered by a beautiful woman, but I have always been a beautiful woman. After many experiences, it is just like that. Zhou Xin’s immunity is already full: “Because of the good stock price performance of Time Warner.
In addition, the IPO price of Riot Games is not high, with a valuation of only US$15 billion. There are too many Internet companies on Nasdaq with a higher market value than Riot Games. However, both in terms of potential and current performance, Both are far worse than Riot Games.
Therefore, participating in Riot Games' IPO fund-raising is an opportunity for them to make money, and it is a big profit. No one will have trouble making money.
Not to mention that I am holding an IPO road show in New York, there are planes flying over from slightly larger cities. Even if I hold an IPO road show in Antarctica, a large number of investors will come on icebreakers to participate. "
Riot Games plans to sell 50 million shares on the day it goes public, with the price per share ranging from US$50 to US$60. Riot Games has a total of approximately 300 million shares.
In other words, the valuation of Riot is between US$15 billion and US$18 billion.
Now that the entire bubble has been blown up, this valuation can be said to be very low.
“But it’s still amazing. Boss, it’s only been a little over a year, and the two companies you founded as the founder, Riot Games and Quora, have a combined market value of over 100 billion US dollars.
This is already a very exaggerated number. "Elmo said.
If you can go to law school in America and find an internship in a law firm while you are still studying, you must be at least middle-class in America. Ai Mo grew up with many entrepreneurs because of his parents.
But she had never seen an entrepreneur as successful and young as Zhou Xin. In Elmo's view, the only entrepreneur who can compare with Zhou Xin in the past two decades after the rise of the Internet is Bill Gates.
Zhou Xin is now a representative figure in Silicon Valley. Bill Gates is not counted. He is in Seattle. Not only is Seattle not in Silicon Valley, it is still a long way from San Francisco.
“I have held two roadshows in New York before, and we have met a large number of professional investors in the first two days.
Today we are honored to hold a roadshow at the Nasdaq Exchange, where we can meet more investors and introduce to you the value proposition of Riot Games, our earnings and financial performance.
and what we will do in the future. "
Generally, the theme of roadshows is the company's history and future plans, but since Riot Games really has no history to speak of and its establishment time is too short, Zhou Xin's introduction focused on future plans, revenue, and growth potential.
The road show for the first two days was held in the conference hall of the Marriott Hotel on Wall Street, which can accommodate 300 people. The conference hall was full of investors who came to attend the meeting.
During the road show, people continued to approach Jerrel and express their desire to participate in Riot Games’ IPO road show.
Later, Goldman Sachs realized that the three-day road show was too short, and the number of investors that wanted to come was far more than 900.
Therefore, the road show on the last day was simply changed to the Nasdaq exchange, where the venue was larger.
But it can still only accommodate a thousand people, and even when the venue is full, people are still pouring in.
“Rist Games has only been established for a short time. When we held a roadshow two days ago, the biggest question investors had was that many companies are now building online video game stores.
The share ratio they give is lower than that of Riot Games, which is 30%. According to the information I know, the lowest share ratio for online sales channels is 10%.
And there are not just one or two online sales companies with such a low share ratio.
First of all, I want to introduce the value proposition of Riot Games, which can answer everyone’s question to some extent. "
Three words appear on the PPT behind Zhou Xin: community, service, and feedback.
“I believe that the investors here have a certain understanding of Riot Games and know that Riot Games is mainly composed of two parts, the electronic community and the online store.
The online store is the main source of profit for Riot Games, and the electronic community has no profit points.
Let me first define a concept, which is user stickiness, which refers to the frequency of continuous use of the product when a user uses an Internet product or service.
According to Riot Games’ internal data, more than 90% of users in the Riot Electronics Community will visit the webpage a second time after completing registration.
For other game websites in the same industry, this figure is generally between 30% and 50%.
The next data comes from a questionnaire survey. After users choose to use the Riot Games store to purchase video games for the first time, they will first search for the game on Riot Games the next time they buy a video game. This proportion also exceeds 90%.
In other words, after users have used the Riot Games store, the first reaction of most of them when they buy a game again is, I want to buy it through Riot Games. "
This is to make up for yesterday, and there will be more tonight
(End of chapter)
