In the 90s, Japan was facing a recession, and traditional industries such as real estate, manufacturing, retail, and finance all experienced a long period of pain.

However, there are still many sunrise industries, such as the telecommunications industry, which has created a rising star in the telecommunications industry like SoftBank as the Japanese government has successively opened up its business and taken pictures.

Of course, there are opportunities, but NTT, a monopoly-level giant in Japan's telecommunications industry, relies on the network advantages of the telephone and telegraph industries, and its layout in the Internet and mobile communications industries is much stronger than other rising stars who ask for money and have no network. It's just that NTT despises those companies too much, and in order to avoid the reputation of "monopoly", it deliberately sits back and watches the gradual growth of competitors.

Among them, there are dozens of companies that have obtained licenses, but most of the companies that have obtained licenses have disappeared later. On the contrary, SoftBank has since grown to become the second largest telecommunications operator in Japan after the giant NTT.

His current investment is largely optimistic about Masayoshi Son. As long as the core head of a team is reliable, then the reliability of the team has been greatly improved.

Just like the American e-commerce industry in the 90s, the dragon and snake rose. A bunch of e-commerce companies were founded, but in the end, it was the two oligopolies eBay and Amazon that occupied the C2C and B2C e-commerce markets respectively.

These two e-commerce companies stand out largely because of the ability of their founders. In particular, Jeff Bezos of Amazon, a fund investor under a large Wall Street financial company. After the establishment of Amazon, an e-commerce platform, not only relied on the connections in the financial circle to attract venture capital, but more importantly, Jeff Bezos's long-term business philosophy that has not been understood, for example, after the establishment of Amazon, it has lost money for at least 20 years and has never made a profit, but the scale of the platform is getting bigger and bigger. In fact, it is not that Amazon is not profitable, but that it deliberately burns the current profits, on the one hand, it has a tax avoidance effect, and on the other hand, it does not need short-term financial statements to look good, but to efficiently invest funds in short-term money-burning, but there is a high probability of making a profit on new projects. So much so, in the traditional financial statement analysis, Amazon is a junk company, but in fact, it is only the size of its assets and its finances are underestimated. Many assets are not reflected in the financial statements.

The kind of madman who insists on making the company's financial statements lose money for more than 20 years, normal investors, and even senior investors, if they don't understand the value of the Internet and traffic and the value of the platform, may scold Bezos garbage. However, just imagine, Bezos's long-term business strategy is basically not wrong, but it has not been correctly understood by investors for a long time.

And the e-commerce industry also has some teams that burn money indiscriminately, taking Bezos as an example, it is said at every turn that Bezos has lost money for 20 years and is not profitable. However, the money burned out by Bezos was later returned a hundredfold and a thousand times, and very few were burned for nothing. But most of the unreliable money-burning teams really just burn the money, and then, tell the investors that the money is gone, either additional funds or bankruptcy......

This is the difference between being reliable and unreliable in the same industry. Moreover, if you can see through whether a person is reliable or not, you need a deep industry research foundation, or you can directly find a reliable person, most of them can do reliable things.

Son Masayoshi was a little flattered, of course SoftBank needs a lot of money, which is the most critical link in his blueprint, and because of the previous failures, although he did not lose his partner, everyone is a little more wait-and-see about investing in SoftBank.

At least in terms of amount, it is a little bit worse, and before going public, it is necessary to continuously expand the influence of SoftBank in order to successfully raise shares.

The new business is undoubtedly very critical, and the injection of 350 million US dollars, Son believes that in his own hands, it will play a tenfold and hundredfold role.

"However, Mr. Lin, I don't quite understand why I want to buy the equity of SoftBank, SoftBank does not have an advantage in scale, and the telecom operator industry is currently zero-based, and it needs to accumulate customers from scratch and spend a lot of money to build a network. Not to mention, since you are optimistic about Japan's telecommunications operation industry, wouldn't it be more beneficial to start from scratch and invest in a holding company with a larger equity ratio?"

The purchase price of $350 million can be described as quite bold, but in Son's opinion, Lin Qi has a better choice.

"I said, I'm investing in you as a person, and I'm sure SoftBank will surprise me. ”

Lin Qi smiled, he naturally thought of all these questions, and his money was not blown by the wind, nor was he so kind as to throw money everywhere.

If it weren't for the advantage of information asymmetry, and being able to see Son Zhengyi's ability and pattern through the future, it would be impossible for Lin Qi to make a heavy bet, and since he is willing to make a heavy bet, it is better to give it more refreshingly, and Sun Zhengyi will feel unhappy in the future.

The share of equity he purchased also just reached the psychological upper limit of Son's mind.

"Thank you Mr. Lin, I can't hide it, many of SoftBank's projects are ready to develop, and we lack Mr. Lin's funds!"

Son was a little excited, and there was not much business confrontation in this conversation between the two.

He also understood that the reason why Lin Qi came empty-handed was obviously because he had a very comprehensive understanding of SoftBank.

"Okay, I hope you can make good use of the funds, I won't ask about the specific operation, but the finance of the new entrepreneurship department needs to check the financial situation of SoftBank regularly. Lin Qi said, "I don't interfere in the operation, but I need to have the right to know." ”

"No problem! For shareholders, we are financially transparent, which is a must. Son nodded.

In the evening of the next day, all the relevant employees were in place, and all the notary agencies were present, and the 35% equity purchase attracted the attention of many large enterprises.

Many celebrities from the business world were present to witness the cooperation between the new venture and SoftBank, which was a little embarrassing.

"How did SoftBank get shit luck, it was actually valued at $1 billion? I think $100 million is too much for this company, right?"

"I heard that the purpose of the new venture was to further promote computer products to the Japanese market, so I made this decision. ”

"Lin Qi is still too casual, just vote for someone casually, and think he can succeed?"

"If you burn a lot of money, you don't invest in real estate and stocks, and you invest in SoftBank's third-rate publishing company, which is estimated to have been fooled by SoftBank. ”

"Didn't you say that you are not optimistic about the Japanese economy? Why do you make heavy bets and invest in Japanese small and medium-sized enterprises?"

Because of the dissatisfaction caused by his speech at the University of Tokyo, Lin Qi attracted a lot of hatred. So much so that investing in SoftBank was ridiculed by a bunch of people.

But Lin Qi and the executives of the new entrepreneurship department also disdain even their own investment. After all, these people are not their shareholders and employees, so why should they tell them why they are investing?

If you know, you know!

For those who don't understand, Lin Qi doesn't have the time and mood to explain.

After attending the equity purchase event, the rest of the procedures were left to the professionals, and Lin Qi was preparing the next step.

On the Japanese side, arrangements have been made. When he was about to board a plane for the United States, Lin Qi's assistant still felt that he couldn't understand why it was worth investing so much money in such a small company as SoftBank? Could it be that the boss really made too much money and was too inflated?