Chapter 385: Rich Goose
At the end of January 2024, Lin Qi and Meng Xin returned home before the Chinese New Year.
With Meng Xin's help to cover up, Lin Qi's overseas business is even more flawless.
Of course, this only refers to fooling ordinary people, and if there are really intelligence agencies of the level of the CIA and the NSA to investigate them, it is easy to find a bunch of flaws.
However, having said that, the intelligence department's funds are limited, and it is painful to investigate an ordinary businessman.
In the parallel world of the 80s, it is estimated that there are many people who investigate Lin Qi. But here in the 21st century, Lin Qi is really not a great figure, at least, it has not yet developed to the point where departments such as CIA and national security come to check him.
"Son, your Felix company is doing pretty good business. Although a few of us old people don't know any program code at all, we still understand the news. It is said that among the top 50 domestic Internet companies. It can be called the dark horse of the Internet in recent years, this family business is already very big, what are you still tossing outside?" "Felix Company in this world, although the main management is completely let go to the company's management team, but the company's equity and voting rights have been entrusted to Lin Qi and Meng Xin's parents, these old people.
Although these old people are not very good characters, it is still possible to guard the family and avoid the company's assets being completely removed by open flames.
As for Felix's founding team, Lin Qi gave them enough equity incentives. When the company can be listed, or not, the internal redemption of the equity can also be realized into a lot of legal property. In this way, high-level managers like Yun Xianke will not take risks and use some illegal means to get more benefits.
After all, legitimate wealth is what can be kept. Illegal wealth, it's hard to keep it just by trying to keep it. If a person chooses between 100 million legal wealth and 1 billion risky illegal wealth, I am afraid that the vast majority of people will choose to obtain 100 million legally for the sake of safety, rather than greedy for a hotter potato.
"Dad, don't say it, young people are a bit of a pursuit. Meng Xin smiled, "No matter how good Felix is, he can't develop to the same level as BAT." Therefore, Lin Qi wants to do something different from BAT, instead of looking for a market that BAT can't look down on or take care of in the Internet field. However, most of the things Lin Qi did were not stable, and it was possible to become a BAT, and it was impossible to lose all his money, which was similar to gambling. Therefore, leave Felix's property as our family's old capital in the future. This old capital does not need to develop fast, it only needs to continue to make stable profits. ”
A big company like BAT doesn't make money from every business. Rather, it is a matrix of countless product projects, projects that can generate benefits now, and blood transfusion to future projects. Because the future is unpredictable, no matter how awesome big data analysis is, it is impossible to have a predictive function. It is precisely for this reason that such giants can only use the advantages of capital to cast a wide net as much as possible. The capital that was sown out will definitely not be recovered. However, a very small number of projects really have huge market space and growth, which can make up for the sunk capital caused by loss-making projects.
This kind of big pattern, the new entrepreneurship department in the parallel world is doing this. Moreover, compared with BAT, it is equivalent to a closed-book exam, and many of the test questions may not have been exposed to it. The new venture electronics is equivalent to someone else in a closed-book exam, but it is copying the answers in the open book. If the plagiarism is all wrong, you can only buy a piece of tofu and kill it.
……
Before the Chinese New Year, Lin Qi and Meng Xin came to Felix Company, held a board meeting, and sent the New Year's dividends to shareholders and employees.
In the past year, Felix's development has slowed down. The growth of the user base has stagnated, and at the same time, new games and animations are not the same as the previous hits. However, due to the company's great emphasis on research and development, one after another new games have been launched, so that the company's turnover and profits are still stable and rising.
At the same time, the copyright cooperation with the Moon Society is also on the right track, and Mushroom agrees to license the adaptation of "Court of Avalon" to Felix, and Felix Company can rely on the animation and mobile game adaptation of "Court of Avalon", and is expected to win another hit mobile game next year.
Lin Qi also approached several capitals that were ready to invest in Felix. Among them, there are several domestic BAT, as well as some professional venture capitalists and brokers.
After some screening, Lin Qi and Meng Xin finally decided to introduce a heavyweight venture capital - Tencent!
Although, Tencent proposed to invest 1 billion yuan in shares and take 20% of the equity. The valuation of the entire Felix company is only 5 billion yuan, which is not a high valuation. You must know that a large number of companies in the industry with revenues and profits far inferior to Felix's, with a valuation of more than 10 billion yuan. However, Tencent promised not to interfere in the company's operation, and only to be a shareholder who receives dividends and shares growth returns, rather than being a capital that dictates. In addition, Tencent promised to deliver no less than 1 billion total downloads to Felix's games and apps.
Although 1 billion downloads does not mean 1 billion users, most of the users are just because of the platform's APP download cashback rewards, or unintentional downloads. The vast majority of users who are attracted to download by advertisements are not real customers. Many people uninstall the app soon after downloading it. Therefore, 1 billion downloads and 10 million active users are already very successful.
Even if the effect of ad drainage is poor, 1 billion user downloads, even if only 10 million active users can be retained, is a very remarkable number. At present, Felix has less than 10 million daily active users, probably only between six and seven million. Weekly active users can reach 10 million.
If 10 million new active users can be added, then the scale of Felix should be able to grow exponentially. It is precisely for this reason that Lin Qi feels that it is more appropriate to transfer 20% of the equity to Tencent, which should be the introduction of other capital.
After all, other capital, such as Alibaba's ability to attract traffic, is average, and with its business model, the acquiring company is more likely to use the star absorption method to siphon the traffic of the acquired target to Alibaba's e-commerce and payment platform. E-commerce companies such as Ali and Amazon themselves need other channels to reflow, and most of their traffic value flows within the system, rather than outside the system.
Baidu is of course the strongest traffic entrance in the PC era, but after the mobile Internet era. Because users' habits of using the Internet have changed dramatically, Baidu is no longer the most powerful traffic entrance. Even the value of the search engine itself has been greatly weakened.
It is precisely for this reason that if Felix chooses a giant to hold thick legs, he will naturally choose Tencent, which has only money goose. This goose not only has money, but also, traffic. Because, its continuous transmission flow has created giants in one subdivided industry after another. Moreover, giving money and traffic, he rarely manages things.
It is precisely because of this that Tencent has become the most popular boss among the three BAT entrepreneurs.