As for the second reason why Takahashi threw money like this, it was based on the theory of venture capital.

Wanhu Capital is essentially a company that makes venture capital, and as the name suggests, it is to compete with risk in pursuit of profits.

In the structure of venture capital, even if you invest in 100 companies, as long as one company makes money, you can recover all the previous investment costs and get profits.

Take a more recent example, network stations generally have policies such as full attendance and guaranteed floors.

The vast majority of books with full attendance and guaranteed income, the sales revenue simply does not reach the full attendance and guaranteed value paid by the website.

However, as long as one of the thousand books is on fire, the cost of the remaining nine hundred and ninety-nine books will be recovered in an instant.

Moreover, an author's proficiency rises with the number of words written. With a guarantee, at least he can have cigarette money and maintain his creation, which means that the probability of him becoming popular continues to increase.

The same is true of the principle adopted by Wanhu Capital, although it seems to be a fool now.

However, as long as these enterprises are done, the initial investment is insignificant, but the companies that are invested, all the hard work has become a job for 10,000 households.

At the end of the 20th century, China's Internet was just emerging, and a large number of outstanding enterprises in the future were hidden in these Internet companies that seemed to be unable to make money at all.

For example, there is a company called Tencent in Shenzhen, which now owes millions of server fees to Guangzhou Telecom's computer room, and it actually depends on the one yuan charged for applying for its instant messaging account.

No one could have imagined that the market value of this company in the future would reach the appearance of a qualified Industrial and Commercial Bank of China.

Is it a loss for Wanhu Capital to invest in this company at this time?

Of course, Wanhu also has its own instant messaging software, but this does not affect its investment in penguins.

It's like a penguin, although it has its own live broadcast platform, but at the same time it will invest in Douyu and Huya to the end.

Although it costs a lot of money to do this, it ensures that no matter who succeeds in the fight in the end, your uncle will still be your uncle.

Even if Takahashi doesn't do this, the last cheaper one will be Masayoshi Son of Software Bank.

A frenzied round of investment only cost less than 1 billion yuan in capital of 10,000 households.

Although for other companies, one billion yuan is a lot of money.

However, for 10,000 households with very good cash revenue capacity in China, 1 billion yuan is just a number.

Of course, many of these Internet companies have asked to exchange RMB for US dollars, or entrust Wanhu Capital to use Wanhu Capital to venture capital to buy servers directly in the United States.

There is no way to do this, and the Internet Revolution (meow) fate happened in Silicon Valley in the western United States.

All the advanced internet-related equipment is over there.

Even Chinese network providers use U.S. equipment.

It is very difficult for those state-owned enterprises to use foreign exchange, let alone these private Internet companies.

Otherwise, there is a horse painting vine who can sit in the nineties with a Mercedes-Benz father, and he will not rent a telecommunications computer room.

Of course, I have to say that being able to rent a computer room and owe millions of dollars in fees without being unplugged is also a kind of ability and a kind of capital.

Seeing the long report submitted by Wanhu Capital, Takahashi felt that it was really worthwhile to spend less than one billion yuan to wipe out all Chinese Internet companies.

You know, the same thing, in another world, the BAT triumvirate didn't start doing it until the first decade of the 21st century had passed.

Didn't they want to do it?

Think.

But before that, they didn't have enough money for themselves, so how could they have the capital to invest in others?

Of course, after such investment, the ecology of the entire Internet industry has also changed.

Originally, I founded a company with the intention of becoming a BAT, and after that, I wanted to be invested by BAT.

If you refuse to invest, BAT can come up with the same type of service by itself in minutes, compete with the vast user base, or directly acquire similar companies.

In short, when capital reaches a monopoly, there is no possibility of a new BAT.

Even those companies that were founded at the same time as BAT had to choose a side and become part of this group.

BAT, on the other hand, has developed because of its late start, and the entire Chinese Internet companies have developed, and the capital cost they have paid is also very large.

If you talk about cost performance, it is far less than the value of 10,000 households.

However, although he has invested in these companies and knows the path that these companies can take, Takahashi has not intervened in the state of their operations at all.

He invests in these companies just to guarantee the bottom line, and the dividends are not bad. Force them to act according to the methods of the ten thousand households, and then it will not be.

After all, every company has its own style.

The A-series companies in BAT generally enter a half-dead state immediately after being acquired, mainly because the A-series wants to transform all the companies in the system into the appearance of A itself.

However, the T series is different, often after the acquisition, it can allow the acquired company to use greater vitality.

It was a matter of two routes, and Takahashi chose the latter.

As for what happens if the company that hasn't appeared yet succeeds in the end?

It's simple, invest in them when they first appear.

After completing the large-scale acquisition of Chinese Internet companies, Wanhu Capital opened venture capital applications for individuals.

As long as you come with the proposal and the proposal is approved, you can exchange shares for investment.

If you succeed, the shares will become the income of the capital of 10,000 households, and if you fail, you don't have to pay back a penny.

Of course, compared to the previous investment spree, personal investment is much more cautious.

Otherwise, it would be difficult for someone to write a plan to blow up the Himalayas and let the moist air currents of the Indian Ocean blow into the west (meow) Tibet, and turn it into a plug outside the Yangtze River, right?

But......

Takahashi really thought about this plan carefully, not to mention that it is not completely impossible.

But......

The big problem is that it is difficult to find such high-energy explosives.

However, it's not completely impossible to find.

The former Soviet Union and the Ministry of Nuclear Weapons, in peacetime during the Cold War, because they were too idle, repeatedly recommended their own nuclear (meow) bomb engineering method to the engineering department.

Not to mention, there are many successful cases.

There have even been cases where a nuclear bomb was buried deep underground, blowing up a huge reservoir and becoming a source of drinking water for millions of people in an entire city.

What, you ask, radiation residues?

Please, this is a nuclear bomb for justice.

Use nuclear raw materials with short half-lives, as well as precise reaction control. The Ministry of Nuclear Weapons can even make the explosion site harmless to the human body in half an hour, and reach the natural level in a month.