Chapter Seventy-Eight: Funding and Work
When Qin Mu walked into the Kempinski Hotel with five colleagues, he felt a little emotional and awkward in his heart. Pen, fun, pavilion www. biquge。 info
Before he resigned, he was already a senior engineer in charge of the Founder Group, although the monthly salary is not as exaggerated as tens of thousands, but the income is not less than this, and he is independently responsible for a research and development department, managing thirty or forty employees, with outstanding performance, as long as he stays up for another two or three years, he will be the general manager of a branch or promoted to the head of the research and development department, there is no problem at all.
A month ago, I was really confused, gave up my stable job and a great future, quit my job and went to work in a start-up company with a registered capital of only 1.5 million yuan......
Although Du Qiu's technical ability is indeed not ordinary, it always feels uncomfortable to be a subordinate to a guy who has not even graduated from elementary school and is six or seven years younger than him......
Others seemed to have the same awkward mood, and Xiao Wu asked in a low voice while waiting for the elevator: "What will we call him?"
In the past, Chen Dayou was present every time he met, with him as a buffer, and the vague title passed, but now when he meets Du Qiu alone, how to call it must be exquisite, Qin Mu was silent for a moment, and waited for the elevator door to open before saying: "Just call Mr. Du, after all, he is a legitimate investor and big boss of the company." ”
Zhou Yuan used to be a media, and he was much more mature than those programmers in terms of interpersonal communication, so he smiled indifferently and said with relief: "Age is age, position is position, there is no link between the two, Chen Zhangliang is only 34 years old this year, and after July, those professors, academicians and deans in their seventies and eighties see him, and they still have to call the president?"
In 1987, 26-year-old Dr. Chen Zhangliang graduated, in the same year got the title of associate professor of Jingcheng University, in 1989 he was promoted to professor, in 1992 as the head of the department, in 1993 he was promoted to the dean, and now it is rumored everywhere that he will be appointed as the vice president of Jingcheng University in July, which can be called a rocket soaring, several people have heard stories and rumors about him, so if you think about it, Du Qiu's age is really nothing to entangle, and his mentality is suddenly greatly relaxed, and he is no longer nervous just now.
When the group of six people walked into the suite, Du Qiu was talking to people on the phone in English, his tone was very calm, but the content was very vigorous: "Zach, after all the shares of Intuit are sold, how much money do I have in my account?...... 420,000 Then take 400,000 to go long yen futures...... Yes, it's still 200 times leverage, set it according to the number I predetermined before, and it will trade automatically when the time comes. ”
Qin Mu was taken aback by the numbers in the conversation, and immediately reassessed Du Qiu's financial strength in his heart.
He has a very good relationship with Chen Dayou, knowing that the fat man has been busy raising money these days, ready to expand his shares in the company, but he raised less than 2 million yuan in a month, but he didn't expect Du Qiu to have more than 400,000 US dollars, and he dared to use 200 times the leverage to make financial investments, obviously there are more funds hidden behind it, or a bigger financier!
Xiao Wu's parents both work in the bank, she knows a little about finance, and asked Du Qiu's beautiful female secretary softly: "The foreign exchange risk is very large, is 200 times the leverage not afraid of liquidation?"
Jiang Danfeng's face was a little haggard, and he said in a slightly difficult voice: "Mr. Du never does things that he is not sure of. ”
Xiao Wu thought that she had just gone through a long journey and the jet lag had not yet reversed, so she was in a poor mental state, so she didn't ask much, but Jiang Danfeng was well rested on the plane, and she was haggard because she was remorseful.
After arriving in New York on April 8, Du Qiu deprived her of the right to continue to operate yen investment, went to Wall Street to find a professional investment bank to be in charge, and Jiang Danfeng put his $7,000 commission into it to invest. On April 10, the yen rose by more than 100 basis points, earning nearly 15,000 US dollars, very happy, but unfortunately only happy for one day, the next two days the yen fell sharply, not only lost all the money earned before, but also pasted nearly 2,000 US dollars, she immediately panicked, and withdrew the remaining 5,000 US dollars, and did not dare to invest again.
However, what I didn't expect was that from April 13, the yen began to appreciate again, rising by nearly 200 basis points in a few days, and if it did not withdraw its capital, when it left New York, 7,000 US dollars would become 20,000 US dollars instead of 5,000 US dollars, so I regretted it......
Du Qiu of course will not be frightened by two or three days of losses, has been sitting firmly in the Diaoyutai, when he went to RB as an exchange student, has been concerned about the yen exchange rate news for a long time, in a variety of reports, remember a historical data, that is, the peak of the yen exchange rate appeared on April 19, 1995, 79.75 yen can be exchanged for 1 dollar.
Before 2010, the leverage ratio of the foreign exchange market was extremely high, from 50 times to 400 times can be selected, when Du Qiu went to the United States on March 24, the yen exchange rate against the US dollar was 89.10:1, if at that time with 400 times the leverage, spend $250 to buy a standard foreign exchange contract, to April 19 to sell, you can earn a profit of about $11,500, which can be called a super profit.
Du Qiu made more than 300,000 yuan by speculating in 327 treasury bonds in Pujiang, plus the loan of his father and mother and the mortgage of the Accord car, he had a total of about 700,000 funds in his hands, which is equivalent to about 82,700 US dollars, and he transferred 75,000 yuan to the United States through Liang Jinyu's relationship, and after the funds arrived in early April, he took out 20,000 US dollars to invest in yen, 50,000 US dollars to invest in intuit stocks, and the remaining 5,000 US dollars as emergency funds and living expenses.
The reason why he only took 20,000 US dollars to invest in the yen is the same as Jiang Danfeng's worries, the exchange rate is not straight up and down, but fluctuates and changes, he only knows the general trend, he doesn't know the details, but if he wants to make a lot of money, he must choose high leverage, high leverage means high risk, maybe before April 19, the funds will be lost.
Therefore, Du Qiu only took 20,000 US dollars to Jiang Danfeng, and asked her to observe the exchange rate changes of the yen, and summarize which investment method is the most secure, and then formulated a real investment plan, which is also lucky, on April 6 and April 7, the yen continued to appreciate sharply, rising by nearly 200 basis points, and 20,000 US dollars became more than 100,000 US dollars, and after arriving in New York, under the operation of professional investment banks, more than 100,000 US dollars snowballed to more than 300,000 US dollars.
As for the $50,000 invested in Intuit's stock, there is basically no risk for two reasons: first, Intuit existed until Du Qiu's crossing, and its market value was as high as more than $20 billion in 2015 At the beginning, the U.S. Department of Justice spent seven years in the name of antitrust to split Microsoft into different companies, which was the most eye-catching big news in the IT industry in the late 90s and early 21st century, involving almost all American high-tech companies.
Not long after Du Qiu arrived in New York, Microsoft announced that it would abandon the acquisition and pay $46 million in compensation to intuit, as soon as the news was announced, intuit's stock immediately skyrocketed, $50,000 doubled in one day, and now the dust has settled, the stock rally has fallen, and the highest yen exchange rate on April 19 is approaching, so before he left New York, let the investment bank sell the stock and take all the funds to buy yen futures, and now this call is the investment bank manager to report the latest progress to him。
"Sorry to keep you waiting. After Du Qiu hung up the phone, he first said a few polite words, then pointed to a row of cardboard boxes next to the coffee table, and said: "I'm a very lazy person, and I don't like to come back with gifts all the way, so after I arrived in the capital, I went to buy a few gifts and gave them to you, one for each person, and took it yourself." ”
Qin Mu and others had already noticed the row of cardboard boxes, because there were IBM and ThinkPad logos on it, and they knew at a glance that it was a laptop, and the IBM brand in the 90s was very loud and expensive, and it was the top goods that every programmer dreamed of. This is the 755CD that was only released in October last year, the world's first laptop with a built-in CD-ROM, and the market price is almost 50,000 or 60,000 yuan each. ”
As soon as they heard this price, several people seemed to have got a hot potato, and they put the cardboard boxes back in their original places, and shirked: "Mr. Du, this gift is too expensive, we don't dare to accept it." ”
"These laptops are like gifts, but they're actually productivity tools that squeeze your employees and keep you doing for me when you get home from work. Du Qiu picked up the cardboard boxes with both hands, handed them one by one, and said with a smile: "Wait for Danfeng to write a clause, everyone will sign it, and it will not be allowed to be resold within 3 years, and it can be disposed of at will after 3 years." ”
"Mr. Du, now that the price of computers has dropped so fast, it will not be worth anything at all after 3 years. Jiang Danfeng helped to liven up the atmosphere, and said while pouring tea: "Since you are very lazy, don't buy any gifts when you go abroad in the future, just take cash as a gift, we don't mind, don't you say?"
Several programmers laughed silently, Zhou Yuan got up slightly, took the teacup handed over by Jiang Danfeng, and said: "It is said that goose feathers are sent thousands of miles, and the gift is light and affectionate, Mr. Du is sending gold at the door, and the gift is also heavy, we are sincerely afraid, for fear of living up to expectations, and there is a heavy trust." ”
"In that case, I'll send a paper notebook next time, not a laptop. ”
"Mr. Du, your gap is too big!"
Jiang Danfeng was very good at enlivening the atmosphere, and quickly let a few programmers relax and put away the laptop, Du Qiu took out a few more CDs when he saw this, and said: " UC Berkeley released 4.4bsd-lite in June last year, which has a lot of bugs and deficiencies, and now it has been improved a lot, and I plan to release the second version in June, I got the latest version of the source code from the students of their school, you take it to study it first, and when the official version is released in June, we will use it as a basis to start the Android project. ”
These programmers are all high-achieving students who graduated from famous schools, and have been working for several years, their strength is good, they are arrogant, and they can't dig up Chen Dayou's personal relationship alone, so when Du Qiu was recruiting, he talked to them one by one about some technical issues, showed his strength, and also outlined the prospects for the future, one of the most ambitious blueprints is the Android plan - to create a own, safe and excellent operating system.
Although it was the work content that had been booked before, several people were still quite excited, and solemnly put away the CD, Zhou Yuan didn't know much about the technical issues, and asked: "Mr. Du, how many of them went to study the operating system, who will be responsible for the iView browser?"
"It's enough for me to be in charge alone. Du Qiu waved his hand casually and said, "At least for a year, no one can challenge iView on a technical level. ”