Chapter 102: The 1 Million Mark

On the evening of December 14, it was already off work, but in the network cloud company, neither the original employees nor Wang Xing and other members of the new company left.

Everyone is waiting for the moment when the number of registered users in the school intranet will exceed 1 million.

At 19:43:28, as a netizen with an IP address in Hangzhou and a graduate of Zhejiang University submitted a successful registration, the number of registered users on the campus officially exceeded 1 million.

"Oh......"

"Yay!"

"Great!"

"It's more than 1 million!"

"So fast!"

It's fast indeed.

From the opening of the website on December 1 to the present, only 14 days have passed, and the number of registered users on the campus has exceeded 1 million.

In addition to the launch of new products by predators like Tencent Group, it is an absolute miracle that a website built from scratch can gain 1 million registered users within half a month.

As long as you know that Facebook was established in February 2004 and until December, after 10 months of expansion, the number of registered users reached 1 million, you will know the power of the data on the intranet.

Of course, the reasons for this are manifold.

Because of his experience in his previous life, Wei Mingrang's intranet function is more suitable for current netizens, and Wei Ming's fame as a singer and online writer has made the school's intranet start much higher than all other new websites.

Wang Xing, Wang Huiwen, Lai Binqiang, Li Yuexia and others were excited to celebrate, but also felt extremely fortunate to join the school intranet company.

On the third day of the opening of the station, Wang Xing valued the school intranet at 100 million yuan, and now after the number of registered users exceeds 1 million, with the visible user growth rate premium, the valuation of the school intranet is at least hundreds of millions.

Subsequently, the school intranet issued a homepage announcement, announcing that the number of registered users on the school intranet exceeded 1 million, which immediately stirred up a thousand waves and attracted national attention.

This time, there is no need to tackle key problems, and all major portals have released the news that the number of registered users in the school intranet has exceeded 1 million for the first time, which has aroused heated discussions among countless netizens.

"Holy, so fast?"

"I just heard the name of the school intranet, which has exceeded 1 million registered users?"

"You've heard of it, but I haven't heard of it yet! I just found out today that I have to go and see what kind of website is so awesome. ”

The growth rate of registered users in the intranet has ushered in another surge.

In addition to the heated discussions of ordinary netizens, many well-intentioned people were also shocked by the news that the number of registered users on the school intranet exceeded 1 million.

Judging from the user activity on the intranet, everyone understands that it is only a matter of time before the number of registered users on the intranet exceeds 1 million.

But no one expected that the website would be opened so early, and the number of registered users on the campus intranet exceeded 1 million before the website was opened for half a month.

That's just too fast.

There was a competitor who decided to imitate it after seeing the birth of the school intranet, but is still in the process of making the web page, saw this news and simply shelved his plan indefinitely.

It's a winner-takes-all space, just like instant messaging.

Once the general trend of QQ is formed, all other instant messaging and chat tools will be dead.

Even if there are people who don't like QQ, because their relatives, friends, classmates and colleagues all use QQ, and then they are forced to give up other chat tools and use QQ instead.

It's the same with campus chat community sites.

With the speed of development of the school intranet, even if he makes a web page, he will not be able to compete with the school intranet in the area of campus socialization.

When the time comes, it is better to put the stop loss on hold in time.

In addition to competitors, there are also venture capital groups that have been following the intranet of the school, and they have also made up their minds.

1 million registered members is a threshold for them to make up their minds to invest.

At the beginning of the 21st century, China's Internet is a hot spot for international venture capitalists.

Baidu, Sina, Sohu, Alibaba, Tencent, etc., all developed and grew with venture capital.

Of course, venture funds that invest in these companies end up making a lot of money.

In particular, Softbank Masayoshi Son's investment in Alibaba's Jack Ma can be described as a big profit.

Now, these venture funds are also targeting the intranet.

Venture funds are not philanthropic funds, and they don't invest in a new company when they see it.

The key is that Wei Mingrang's intranet website is reasonably designed, Wei Mingrang is famous, the membership growth rate is very fast, and there is no restriction on registered email and registered IP, which leaves enough space for finding profit points in the future.

In the previous life, the intranet of the school was because it had always adhered to the edu on-campus mailbox and restricted the registration mechanism of the university's IP segment, which led to the slow growth of members and the failure to find a profit point.

If you can't see the profit point, you can't attract venture capital, and in the end, Wang Xing's operating expenses on the website can't support himself, so he has no choice but to sell it to Chen Yizhou of Thousand Oaks Interactive Group.

Then Chen Yizhou changed the school intranet to Renren.com, canceled the registration restrictions, and launched it to the whole society, which ushered in a turnaround.

Although the school option is retained, there is no restriction on the need for a university email address or university IP address to register, which allows almost most of the hundreds of millions of netizens across the country to register.

The excellent and reasonable website coupled with Wei Mingrang's hype made Wei Mingrang's intranet break through the 1 million registered member mark within half a month, attracting the attention of these venture capital funds.

Sequoia Capital, SoftBank International, IDG, BlueRun Venture Capital and many other domestic and foreign venture capital institutions have sent people to Chongqing to prepare to contact Wei Mingrang to consult the first round of venture capital.

Since December 15, the cloud company has received consultation calls from various venture funds, and some people have even come to the door directly.

However, Wei Ming politely refused.

It's not that he doesn't need venture capital, but now that the scale of the school's intranet is still small, he and Wang Xing's funds can still support it.

Besides, the school intranet company has not been built yet, so why panic?

With regard to venture capital, nature must be introduced.

Otherwise, Wang Xing's family does not support him to engage in the Internet, Wei Ming makes himself have no money, and when the school intranet develops to tens of millions of users, and some new functions and games are added, how can he support it when the operating expenses increase significantly?

It is unrealistic to rely on Wei Mingrang's manuscript fee and song performance alone.

What's more, the subsidiary is a joint venture between him and Wang Xing, and Wang Xing's shares have always been fixed, so it is unreasonable for him to pay money.

But when to introduce the first round of venture capital, Wei Mingrang and Wang Xing, Wang Huiwen and others have communicated, and it is definitely not now.

Fortunately, after more than a week of preparation, on December 17, the new Chongqing Campus Network Technology Co., Ltd. was officially established.

In view of the rapid expansion of the school's intranet, the office address was re-leased next to the cloud company, and many new employees were hired.

In addition to the programmers, accountants, etc., the network cloud company allocated the past programmers, accountants, etc., once the school intranet company was established, the number of employees reached more than 20 people.

As for Wangyun Company, there are only two people left: Wei Mingrang and accountant Ge Yunxi.