The yellow brochure was the longest-standing one Sioux City had read, and the Internet companies in it were also the ones with the highest return on investment that he knew.

Before the age of the Internet, no company, or industry, could produce such a high value in such a short period of time, not even the legendary silk business, the spice business, or even the colonial business and the drug trade.

Take Netscape as an example, when it went public in 1995, the Wall Street Journal commented: It took 43 years for General Dynamics to reach a market value of $2.7 billion, and Netscape only took a minute.

Even from the beginning of the Netscape design, it only took 3 years. In the following 3 years, Netscape's market value doubled, and it still has considerable potential.

This is a scene that is difficult to see in traditional industries, and even the once brand-new semiconductor industry and telecommunications industry cannot create such brilliance.

In 1994, people could not have predicted that the world would change like this.

Ji Runzhi, like the jackals of investment banks, is optimistic about the new Internet industry, but can never predict the boom of the Internet industry.

The $2.7 billion Netscape seemed like a fantasy in 1994.

Hundreds of billions of dollars of Google must die, and it still seems that it is impossible to die in 95 years.

However, Sioux City searched through the yellow booklets, but couldn't find a name like google, so he simply said: "I like Internet companies, especially search engines, like Yahoo, and every month in the future, you have to give me a detailed report on the company in this area, can you do it?"

"No problem. Ji Runzhi said with a smile and said, "So, I can preside over this investment plan?"

"I'll pay you on time. Su Cheng pondered for a moment, and then said: "I will send new financial personnel to invest in Dahua, and on the one hand, you can set your own investment goals, on the other hand, you have to complete the goals I set to the letter, and moreover, I require the acquisition of company goals to be higher priority." ”

"Understood, I believe in Su Dong's vision. Ji Runzhi didn't tell a lie, just the London futures trading that happened a few days ago has proved the investment level of Sioux City.

Su Cheng nodded slowly, then picked up another loose-leaf booklet, and said while reading: "When acquiring these companies, you should pay attention, on the one hand, you must leave enough shares to the management to stimulate them to take the initiative, and on the other hand, you must reduce legal disputes as much as possible." In particular, the company I ask to acquire must be clean, complete with patents, and complete with a complete company composition...... The exercise of shares, in particular, should take into account the distribution of profits once the company is listed......"

"For start-up companies, disputes are often difficult to avoid, and if you want to get a clean and complete stake, you must spend more money. ”

"Then spend more money. "The earliest Netscape was worth tens of millions of dollars in '94, and there are reasons for investors. The so-called overspending of money, falling on one company, can hardly exceed a million dollars.

"Okay. Ji Runzhi didn't have any opinions. Many large companies will have similar requirements, generally speaking, the larger the company, the more documents to sign, and the cost of signing is often higher than that of smaller companies, but in terms of average risk, large companies obviously control very well.

Ji Runzhi originally preferred to sign more companies, after all, venture capital is originally an investment behavior that casts a wide net. However, Sioux City has a request, and he does not object, in his opinion, this is also a good performance of the company's formalization.

After thinking about it for a while, Ji Runzhi asked tentatively: "About the first company you saw......

"Netscape? what's wrong with it?"

"It seems that its own patents are incomplete. ”

"Oh?" Su Cheng knew that Netscape was good, but how could he know the details inside, and couldn't help but focus.

"Netscape was originally designed by the people who did it at the university, so the patents and the original browser were left at the university. The current netscape is the one he came out to work alone and rewrote. So, if someone buys a browser patent from a university, it can be developed on top of that. Of course, it's not very easy, but it's still a loophole. ”

"Then buy it from the university. "Sioux City roughly remembers that Netscape is related to Microsoft's IE, and now that I think about it, that's why.

Ji Runzhi coughed and said, "Yili's post-80s Shaolin abbot Jing, after all, buy the patent back, it's really not good, buy that company too." If you can't buy Netscape, then you need a license. "Sioux City's decision was made quickly.

Ji Run was stunned and said: "If you forcibly buy a patent, the cost will be much higher." ”

"How much higher?"

"One or two million dollars. Say less. ”

"Buy it. "When Sioux City saw Netscape, he thought of billions of dollars, so naturally he didn't care about one or two million dollars.

To put it mildly, the profit margins of Internet companies are much higher than those of traditional energy companies. If you get an oil field after working hard, you may be able to make billions of dollars, while an Internet company can be worth billions of dollars.

Of course, the profits of the oil field are quite stable, and the probability of obtaining the equity of an Internet company by way of venture capital is not much higher than the probability of finding the oil field. In this regard, the energy industry and the Internet industry have their own merits.

However, there is one powerful thing about energy companies, which will be difficult for Internet companies to achieve in 20 or 30 years, that is, its social and political influence is very extensive.

Whether it's a Chinese company like Dahua or a large oil supplier like Exxon, they can do it at a more or less national and international political level through a variety of means. However, it is quite difficult for Internet companies to do this, and ordinary large Internet companies do not even think about it, and it will take ten years for them to get one-tenth or one-percent of the respect that matches their wealth.

In terms of stability and security of wealth, energy companies are also among the best. Slightly larger oil companies are basically companies that cannot fail in various countries, at least in one region, they are pillar-like existences, and they can get countless preferential treatment, and their relationships with other companies in the industrial chain will naturally become a corporate network, so that their safety and stability can be improved.

Historically, venture capital has been met with lawsuits and lawsuits.

Netscape's browser was almost destroyed by Microsoft's rogue methods.

However, if it is Dahua Industries that gets Netscape, it will not be easy to directly repel Microsoft with the current momentum of Pan Asia Fund and Dahua Industries, but it will be easy to urge the US Department of Justice and federal prosecutors.

Ji Runzhi is willing to join Dahua Industrial, in fact, he has similar considerations, if not, he might as well stay on Wall Street.

Seeing that Su Cheng's idea was right, Ji Runzhi naturally took this to heart, and then pointed to the loose-leaf book in Su Cheng's hand, and said: "This is a high-tech company with a certain scale, the cost of investment will be much higher, but the risk will be much lower, such as Microsoft and Cisco, their value has increased by hundreds of times, everyone generally believes that there is still space, but it is difficult to say how much." ”

"If you have extra money, buy it...... Well, it's '94 and you can invest a hundred million or two dollars in Microsoft. Su Cheng said and continued to flip through the booklet. Microsoft in '94 hasn't released window95 yet, let alone Genesis' window98, so there's still a lot of room for growth. However, this kind of upside cannot be compared with venture capital companies, and it is easy to get a controlling stake in a start-up company, at least a high proportion of shares, while a company like Microsoft Cisco can only pay dividends at most, and it is not as good as venture capital in terms of utilization rate or influence.

However, Sioux City can't afford to throw away all the tens of billions of dollars it has on hand to small companies. In contrast, Microsoft in '94 is still a good choice.

After that, Apple under Jobs' resignation, Warren Buffett's Berkshire Hathaway, who has just become the richest man in the world, Dell, which has just stopped its personal computer retail business, and the post-80s Shaolin abbot who has not yet shown his kingly demeanor and left the market before the bubble bursts, he will become a super-rich man with assets of at least ten trillion dollars, comparable to the entire Rockefeller family......

And in 1995 and 1996, there will be more Internet companies on the scene, such as Amazon, such as eBay......

As the CEO of an oil company, Sioux City's nerves have long been exercised, and he does not have the slightest burden on 10 trillion US dollars, so he just said: "Build a few offshore companies, acquire companies and stocks, and put them in the name of offshore companies." ”

If an ordinary person or an ordinary company CEO gets $10 trillion, he can't sleep even if he is scared.

And for Sioux City, which has just experienced insider trading, has been to the former Soviet Union, and is still fighting in Central Asia, more money will only make you stronger.

In the oil industry, there are more companies with billions and tens of billions of barrels of crude oil reserves, and everyone will only sleep more soundly because of the increase in reserves, and will not be at ease when the reserves are decreasing.

Ji Runzhi thought that Suzhou Chengjian Offshore Company wanted to avoid taxes, and he happily agreed. Nobody likes to pay taxes, just as nobody likes protection money.

Sioux City had no idea that he was about to become a billionaire, confirmed the list of investment companies, and began to prepare for his return to China, while continuing to meet with representatives of companies interested in joining the Pan Asia Fund, and also took time out to give interviews to the media, without the slightest intention of celebrating.

Sioux City himself measures his personal wealth in terms of China's foreign exchange reserves, which he owned in billions of dollars in 1990 and tens of billions of dollars in 1994, which seems to be not much different from trillions of dollars in 2014.

However, what Sioux City deliberately failed to consider was that China's foreign exchange reserves in 1994 were not worth mentioning internationally, and in 2014 China was already the largest country in foreign exchange reserves.

Sioux City only consciously hopes that it will be able to pay more attention to what this money can do.

In terms of enjoyment, he could have retired two years ago, and Su Cheng was more willing to use this money to be the backing of Dahua Industry and Dahua Laboratory.

…… (To be continued.) )