1998 began quietly, this year is imprinted with many memories of Chen Zier, in Europe, Ronaldo dreamed of shattering the Stade de France, in the United States, Steve Jobs released the imacG3 to save Apple, in the north of Russia, the impact of the Asian financial crisis caused the ruble to depreciate into waste paper, and in China, there was a once-in-a-century flood.

In different industries, in July of this year, the State Council issued the "Notice on Further Deepening the Reform of the Urban Housing System and Accelerating Housing Construction", which means that the welfare housing system that has lasted for nearly half a century has officially come to an end, and the housing has begun to be fully 'marketized'.

In the Internet industry, the concept of 'portal' fell from the sky, and geeks from all walks of life collectively made efforts to show their powers, and NetEase, Sina, and Sohu stood together.

In Zhonghai, Chen Zier's 1998 started with a small investment, and Xu Yan took the revised business plan to Dijing Blue Bay again.

Chen Zier read it, he felt that there was nothing wrong with his plan writing, as long as he could continue to raise funds smoothly in the future, and he would not be unlucky, he should be able to survive and even grow.

As for the Internet companies in his impression, in fact, Chen Zier is not very anxious about their shares, firstly, the two giants of Ali and Tencent have not yet been established, and the fat is still behind;

Second, there was the Internet bubble in 2000, when both Sina and NetEase were priced in cents.

And this Xu Yan still has his Home Credit......

Chen Zier sat on his sofa with Erlang's legs crossed, holding the business plan in his left hand and his right hand on his knee, patting gently and rhythmically.

In the past two years of the Internet bubble, as long as the thinking is correct, it can be blown up together. In fact, at this time, some companies with incorrect ideas have blown up, so this investment is not impossible.

Xu Yan sat on the side restrainedly, he was very nervous at such a critical moment, so nervous that his heartbeat was following the rhythm of Chen Zier's beating.

"I ......"

Xu Yan was very nervous when he heard Chen Zier speak. Hurriedly added, "We are really working on this business plan, so please ...... it"

"I can invest in you. Chen Zier finally made a decision. "But I have one condition," he added.

Xu Yan's excited soul is about to go out of his body, for him, this is an escape from death, it is an auspicious fortune from the sky!

He swallowed a mouthful of saliva, his palms were red from each other, and he said with some trembling, "Then what conditions do you want?"

Chen Zier didn't answer this first, but asked, "How many shares are you willing to give up?"

"In principle, we want the first round of financing to be no more than 25 percent, we need financing, but we need Home Credit to go in the direction that I and my partners, we all want, which is the motivation for us to start this company together, and it is also our vision," Xu said. ”

Chen Zier nodded, it is good to have a vision.

He thought for a moment and said, "How about I give you 500,000 yuan of funds, accounting for 30 percent of the shares of this company?"

Xu Yan really wanted to raise money, but 30% seemed to have crossed his bottom line, because he would throw away 30 shares for 500,000, which also meant that there would not be much room for the next two rounds of financing.

So he tentatively said, "If Mr. Chen is willing to reduce it by 5 percentage points, Home Credit can accept it." ”

Chen Zier said: "Give me a reason, or a compensation worth five percent." ”

Home Credit can't pay its salary now, what compensation can it have. Xu Yan still said the reason, "The purpose of the company that over-financed in the first round is just to eat the money of investors, and they may not even think about getting returns for investors." But we want to make Home Credit bigger and stronger, so we have to think about the future of the company. Moreover, twenty-five percent ... Not low. ”

"Okay, that's twenty-five percent. "It takes courage to stand up to some of his principles in this desperate need for financing.

Xu Yan next to him was so excited that he almost immediately agreed: "Thank you, Mr. Chen!"

Chen Zier didn't rush to shake hands with him, and there were still some things that needed to be clarified, "After the year, I will send someone to your company to supervise the flow of funds, although I am not short of money, I don't want to see my funds spent in a mess." ”

Xu Yan was stunned for a moment, but immediately agreed, which is an appeal that many investors have, and it is not strange.

He assured, "Mr. Chen, please rest assured that we will put every penny to good use." ”

At this time, Chen Zier talked about the original request.

He said seriously: "I said a request at the beginning, and more should be regarded as a goal. ”

Xu Yan's heart sank and said, "Mr. Chen, please speak." ”

"You guys, I'm not mistaken, was it founded in the fall of '96, right? By the end of '99, it was in line with the requirement that a company that had been listed on the NASDAQ for more than three years to be listed, so I hope you can lead the Gitzo to list on the NASDAQ within this year and next. ”

Chen Zier's words were amazing.

Two years, a broken company that is about to go bankrupt goes public in the United States? What are you kidding?

Chen Zier is not joking, the Internet bubble has blown up very much in the past two years, and there are many pig-like companies that eat investors' money at a loss, and on the other hand, their valuations have doubled in a few days.

But Xu Yan didn't dare to think about it, he felt that this goal was too big and difficult to achieve.

He was a little unconfident, but he thought, what if I refuse here, what if 500,000 flies?

Chen Zier saw his hesitation and said: "In the United States, the largest number of visitors is actually a lot of news websites, Home Credit is an email address, and your users have been growing, which shows that you are doing a good job, but I think the Internet wants to make a little frown, at this stage it is still necessary to develop in the direction of the portal, as long as your traffic goes up, the group of people on Wall Street does not look at whether you are profitable or not." ”

"If you get 500,000 yuan in your hands, you have to catch the mailbox and portal, the traffic has gone up, the second round of financing is easy, and there is no problem at all in going public before the end of next year. ”

Xu Yan was skeptical and said: "Isn't it too urgent at the end of next year? We can do a solid job for another three years to lay a good foundation, and then think about going public." ”

Chen Zier sternly refused, saying: "This requirement must be written when drafting the contract, and you have to promise me that before November next year, Home Credit must be listed on the U.S. stock market." ”

Xu Yan didn't understand why it had to be next year.

Chen Zier didn't explain that much. Because at that time, Chinese concept stocks were very popular on Wall Street, as long as they were listed, the stock price would rise, and when the half-year period had expired and the stock could be traded, he could cash out a large amount of money before the Internet winter.

Xu Yan was extremely thirsty for funds at this time, this goal seemed difficult to him, but even if he died, it would be two years later, and it was better to die after two years than now, so he agreed to Chen Zier's request.

But in fact, he will not die, at least not in 99.

Chen Zier knows that the Internet has been crazy in recent years, and even he doesn't know how crazy it is:

Historically, on the day of listing, the stock price rose 5 times, the stock price of China Online rose by 75%, and the stock price per share rose to more than 300 US dollars, and a company that did not do any specific business had a market value of more than 5 billion US dollars just by relying on dazzling capital operation and corporate mergers and acquisitions, which was equivalent to the scale of an Ericsson at that time.

So, at least until the bubble, everybody will be alive and well.