The IPO is not an end, but just the beginning, not only for Amazon, but even more so for Tinder Source and Zhang Chen.

"OK, Fund 3's investment plan can be done according to this plan, as a Nasdaq-100 index fund, it really shouldn't be too risky. Stengel looked at Zhang Chen, who was sitting opposite him, with great interest, even on the plane, he was still not idle, after reviewing a large number of investment reports, and holding the on-board phone to communicate with the president of Tinder Fuel, Belankefen, about the fund's portfolio investment strategy.

"I'm sorry, Mr. Stangel, but I'm sorry for the backlog of work these days. After Zhang Chen was busy for a while, he took the coffee handed over by the flight attendant and took a sip, "What do you want to ask?"

This Gulfstream IV-SP is the one that Su Wenjin and Zhang Guoqiang went to Hawaii to sit on, although it is no longer a free experience, but the private jet dealer still gave Zhang Chen a hard discount, 50,000 US dollars to go back and forth between the east and west coasts, you know, this is not a small plane like Senas, but a Gulfstream IV that can take up to eighteen people, and the cost of a round-trip flight is more than that.

The reason why Gulfstream's private jet has become a favorite of the rich has a lot to do with its luxurious interior and tough performance, and Stengel, who has flown in Air Force One with two presidents, still rave about Gulfstream's luxury and comfort.

Compared with the large aircraft of civil aviation, although the Gulfstream IV is only a small guy, it is no less stable than a medium-sized passenger aircraft such as the 737 or 320, and even better in terms of passenger experience.

On the one hand, Gulfstream IV can apply for a channel of more than 13,000 kilometers, while ordinary civil airliners are generally about 10,000 meters.

In addition to the stability of the aircraft itself, the flight altitude of 13,000 meters has left the troposphere and entered the stratosphere, and the airflow is more stable, which will also make the aircraft fly more smoothly.

The powerful cabin pressurization of private jets can keep the cabin air pressure at an altitude of 1,800 meters, while the cabin pressure of ordinary civil airliners is 2,500 meters or more.

Stangel smiled stiffly, "It's okay, just a brief chat, I'm doing a survey on the Internet instant messaging industry recently, and I have some questions I want to ask you." ”

Zhang Chen picked up the coffee with double milk and said with a smile: "Don't dare, as long as it doesn't involve trade secrets, I know everything." ”

Stengel first asked Zhang Chen why he invested in ICQ, and Zhang Chen had answered this question countless times, but he still patiently told Stengel again.

Steingel listened with relish to Zhang Chen's account of his family history, and suddenly asked, "If Steve Keys hadn't proposed an acquisition of ICQ, what do you think the future of ICQ would be?"

Zhang Chen thought for a while: "Actually, at the beginning, I didn't want to sell ICQ to AOL, and my expectations for ICQ in the future will be higher. ”

Stengel asked, "For example?"

Zhang Chen smiled: "For example, Yahoo." ”

Stangel showed an interested look, he didn't expect Zhang Chen to be so ambitious: "Yahoo has established the status of Internet hegemony, do you think ICQ can challenge it?"

Zhang Chen put down the coffee in his hand, "Mr. Stangel, do you know what is the expected growth rate of Internet users on a global scale?"

Without waiting for Stengel to answer, Zhang Chen continued: "Now there are 30 million Internet users in the United States, and last year, when I first came to the United States, the number of Internet users was only 18 million to 20 million, and in just seven or eight months, the number of users increased by 10 million. We all think that Yahoo is the hegemon of the Internet, but we all ignore that the Internet is just getting started, and Yahoo is only half a step ahead of others, but in this era where everything is changing rapidly, who can guarantee that their supremacy will not waver?"

"The advent of Netscape has even crumbled Microsoft's empire, forcing Microsoft to use risky bundling strategies, not to mention Yahoo. ”

Stengel was interested: "Now that everybody thinks Steve Keys is crazy and that's why he bought ICQ for $700 million, don't you think you're making a lot of money?"

Zhang Chen laughed and said: "The number of users of Q has now exceeded 30 million, and the number of users spans the three continents of the United States, Europe and Asia, while the number of users of AOL is only 8 million. ”

But AOL's 8 million users each contribute at least $200 a year to AOL's operating revenue. "Stangel is not fooled.

Zhang Chen shook his head and said, "Mr. Stangel, you are completely thinking about the Internet industry with the thinking model of the traditional industry. ”

Stangel frowned slightly: "But in any industry, operating income is the most important indicator. ”

Zhang Chen smiled: "Do you think the Internet industry is more like a scam now?"

Stengel hesitated for a moment and closed the notebook: "Yes, in a sense, I feel like it's more of a new type of Ponzi scheme. ”

Zhang Chen laughed: "Mr. Stangel, your idea is very representative, many people who don't know the Internet industry see it this way, but there is a sentence, if the profit model of the traditional industry is that the wool comes out of the sheep, then the profit model of the Internet industry should be the wool out of the pig and the dog pays for it." ”

Stangel was stunned, "The wool is out of the pig, and the dog pays for it?"

Zhang Chen smiled and said: "This is my thinking on the Internet profit model, in the traditional industry, the profit of enterprises comes from direct users, and in the Internet industry, users are not only your direct customers, but also assets and means of production." It is foreseeable that in the future, Internet services should be more free, relying on free services to attract customers, and then using the huge customer traffic of the Internet to generate profits from third parties, such as advertising, consulting services, and so on. ”

Although Zhang Chen didn't take out all the old bottoms, and only took out the profit model that would be explored in the next one or two years, Stangel still fell into a deep shock.

"Users are not only customers, but also means of production。。。。。。 Steingel muttered to himself.

Zhang Chen looked at Stangel, he was not worried about what kind of changes his words would bring to the industry, in this era, the Internet of whimsical ideas emerge in endlessly, only really see the feasibility of this profit model, there will be a large number of companies to follow, and followers, whether they can make money with the same model, depends on whether he has his own originality.

Keeping the profit model secret will not work at all in the Internet era, and the only thing that can work is to be one step ahead of the market everywhere.

It's like you know about Fuji Xun's profit model, but can you follow it? It's not possible.

(End of chapter)