In his previous life, Hu Yiting was instigated by his colleagues to open an account in the US stock NASDAQ market because he had some dollar bonuses from the company on hand, but he was usually busy with work and didn't have time to pay attention, so he only followed his colleagues to buy Starbucks shares and then threw them away, the reason for choosing this company is funny, just because they usually buy drinks from the Starbucks coffee shop downstairs from the company, that's all.

Relying on the memory of his previous life, Hu Yiting still remembers some general trends of the market, although it is not as clear as his replication in IC design, but with only a vague impression, he also remembers that the NASDAQ market basically conforms to the winner-takes-all 28 law, and 3% of the companies in the market account for 70% of the total market capitalization! Nvidia's seven companies are even more prominent, with the combined market value of their seven companies accounting for half of the total market capitalization, and more than half of the market's annual market value is also contributed by seven of them and two or three other companies that were in the hot spot of the market at the time.

For the sake of insurance, but also because he does not have a deep memory and superficial understanding in this regard, Hu Yiting did not think about investing in any unpopular companies at all, he felt that as long as he grabbed these large companies whose names he remembered, there is no doubt that Amazon is one of the companies known for its steady operation and rapid development.

Yu Youcheng was quite puzzled by Hu Yiting's seemingly casual appearance: "Hu Yiting, you can't choose by the way, I think at least we have to do a survey of them first, okay? Actually, I think there are still many excellent companies in Silicon Valley that can be invested, such as NVIDIA, which develops graphics card technology, and their NVIDIA company's Jason Huang and Huang Zhongxun, you also saw it last time, and they had dinner with us in Las Vegas! I heard that they are now very short of money because of new technology research and development, and they are looking for investors everywhere. ”

"Yes, yes, I remember, Huang Zhongxun is very good, but we are currently working on graphics cards ourselves, and we really don't want to invest in our potential opponents. ”

"That's right. Yu Youcheng blinked: "Then there are still many companies worth investing in, as long as we hang up the sign of venture capital on Dune Road, there will be a steady stream of companies that deliver information every day, why do we have to choose a company that has completed the angel round of investment in Seattle?"

"Intuition!" Hu Yiting had no choice but to use this irrational word to prevaricate, I saw in the news that Bezos, the founder of Amazon, was an engineer who graduated from the Department of Electrical Engineering and Computer Science at Princeton, and after graduation, he worked as an executive vice president of an investment bank on Wall Street。 ”

Yu Youcheng was a little abrupt, and said: "From the background of the founder's resume, he is indeed very good, some people say that investment is to select people, which may not be all right, but I also think it makes sense, a soldier bears, a nest of bears, the selection of companies first depends on the CEO's ability, you look at the problem from this angle." ”

"I am honored to be recognized by Mr. Yu, hahaha. Hu Yiting laughed, "In addition, I am personally very optimistic about the prospects of Internet e-commerce, which is a subversive revolution launched against traditional business formats and is the trend of the times." ”

"It turns out that you are so optimistic about e-commerce, although the concept is now being discussed in the media, but there are few people who are really optimistic. Yu Youcheng said frankly: "I think e-commerce is a bit wonderful, I can't say whether it's good or not, it feels like TV shopping, you can only see it but can't touch it, how can people buy things without trying to experience it first?

At least there are shopping guides in TV shopping who tout their efforts, and there are actors who act as business agents to play the role of the audience, cooperate with the shopping guides to demonstrate products, and perform exaggerated surprises and excitement to arouse the audience's desire to shop. How can this be competitive?

I don't see any prospects for at least ten years? Hu Yiting, can you give me a detailed analysis of your intuition?"

For Yu Youcheng's old concept, Hu Yiting can't refute it, after all, before the maturity of e-commerce, all the media and experts are analyzed in this way, and the arguments are basically the same as Yu Youcheng, and they all believe that this thing will have a certain market in the future, but it certainly does not have much future, it is a more unreliable business format than TV shopping, and the reason why it can become popular now is that it is all due to the concept of the Internet, and it will take jujube pills in the future.

Hu Yiting could only do his best to talk nonsense.

"Mr. Yu, Amazon sells books, and will sell audio and video products in the future, Mr. Yu, will you read the books before you sell them?"

"No, I went to the bookstore and bought a dozen books, basically turned two pages and put them in the basket, many books were bought because I liked the author, and some technical books were related to my work. ”

"Yes, that's where Amazon is smart. Hu Yiting said this sentence as loudly as possible.

Yu Youcheng was shouted so loudly by Hu Yiting, he couldn't help but be stunned, and then smiled: "From this point of view, this is really a good company, and the entry point they chose is great! Selling books is a good idea, maybe the Internet is really a good place to sell books!"

Hu Yiting smiled, and said in his heart that he could bluff you, "Mr. Yu, there are many companies like Amazon in the United States, and there is an auction network called E-BAY, which I think is also very good, but I insist that Amazon's development will be much better than E-BAY in the future, the United States has strict protection of intellectual property rights, so the profits of books and audio-visual products are very large, and in the future, Amazon will not only sell books, and the business will definitely expand to a larger area." ”

Yu Youcheng had no choice but to nod: "Okay, let's do Amazon first, I'll recruit people, start building the company, and Amazon will also contact you as soon as possible, and strive to give you an answer within three days." ”

"So fast?" Hu Yiting said in surprise.

Yu Youcheng said with a smile: "I don't like to delay for a second, I'll call a friend in the investment community later, Luo Bingnan, deputy manager of Temasek's investment research department, used to work in the finance department of Intel for a while, and I have a little friendship, if it goes well, I will go to Seattle tomorrow." ”

Hu Yiting knew that Yu Youcheng was going to show himself a hand, he was very satisfied with it, knowing that he was looking for the right person this time, Yu Youcheng has been in the United States for more than 30 years, and he was once a very popular minister in a world-class company like Intel, so he naturally has acquaintances all over the world, at least he should be no stranger to all the people in the Chinese circle, and this kind of network relationship is extremely beneficial for a venture capital company.