Xia Yu was still a little proud when he said this.

As one of the idols of Chongsheng, he really had the thoughts of a student facing a teacher at this time. In fact, Graham, who was later recognized as a "Silicon Valley Entrepreneurship Mentor", is probably really a teacher of many entrepreneurs, including many "students" worth more than 100 million dollars.

Graham was stunned when he heard Xia Yu's words, is his MP3 company a family business?

As far as he knows, it seems that many companies in Huaguo are family-run, and their children can get a share of the property when they become adults. So he didn't take it too seriously, and sat down before saying, "Let's listen to the speech first, and we can talk later." ”

At the age of 50 this year, he really likes to deal with young people, otherwise he would not have been doing entrepreneurial consulting and counseling work. He likes the unbridled creativity of young people, rather than the rigidity and mercenary of big companies.

Xia Yu nodded: "Okay!"

Although he was still a little excited, he still collected his thoughts and concentrated on listening to the speech.

In her speech, Carly Fiorina did not overemphasize the role of HP, or even focus on the field of computers, but elaborated on her personal views on the future of intelligent electronic life.

This topic is suspected of being the same as the theme of the previous opening Gates's speech, and she is also a rich person, so the intelligent life she can access cannot be popularized, right?

However, by 2014, Apple and Google have successively expanded iOS and Android to the field of smart home, wanting to continue to be a system platform to end the chaos of the smart home control system, which can also give ordinary people hope.

However, Xia Yu soon found out that he was wrong, Fiorina actually proposed a similar idea of a civilian intelligent platform at this time!

And she is a woman, she has a reasonable imagination for many details, and also gives the technical means that she thinks is possible, so that many people feel that there is a chance!

Sure enough, he is worthy of being a big bull, Xia Yu boasted that if he didn't have the memory of rebirth, he would definitely be deeply attracted by this speech at this time. I even have the idea of trying it.

Looking at the scene again, sure enough, there was continuous applause, and many people were writing down things.

It's a pity!

If Xia Yu remembers correctly, Fiorina's days as HP's boss are probably just over a month? It should be February this year, and she will be ousted by shareholders amid unanimous questioning on Wall Street.

This is the power of Wall Street, the simplest and most straightforward way to deal with it in the country of capital.

But they do have a reason.

During Fiorina's tenure, she received many personal honors, while HP did not perform well. It lost to Dell in the field of personal phones, Canon, Nikon, and Sony in digital cameras, and Epson and Canon in printers. It can be said that it is a failure, and it shows no signs of improvement.

Ironically, on the day Fiorina left her job, HP's stock jumped 10%!

Xia Yu chose HP as one of the U.S. stock investment targets before, also because this oldest and legendary company with the most history in Silicon Valley really recovered its vitality in 2005, and its stock price continued to rise......

Well, he admits that his previous impression of this "Iron Lady" was also very average, but this speech made people feel her real thinking and ability.

Looking at the seat next to him, Graham had taken out his notebook and was recording things. Apparently touched by her dry point as well.

At the end of the speech, the audience applauded thunderously, not much weaker than when Gates was in time.

Perhaps Fiorina also knew that this should be her last public appearance as a female CEO of a Fortune 500 company, so she prepared this speech with extra care.

Xia Yu also applauded vigorously.

……

After the presentation. Some people began to get up and leave, but Graham on the side suddenly asked him: "Young man, how long do you think it will take for the intelligent future mentioned by Fiorina to become popular?"

"Ahh It should be difficult in 10 years, maybe more than 15 years. Xia Yu thought carefully for a moment before speaking.

"yes. Not to mention that the standards of network technology and wireless transmission are still changing, just an intelligent system that can act as a platform represents how many benefits, and these giants don't have enough time to argue. "Graham clearly doesn't have much affection for giant companies.

Xia Yu remembers that the company he founded in his early years was also acquired by Yahoo, which was booming, and worked at Yahoo for a while.

So I couldn't help but ask: "Mr. Graham, I have read your views on innovation in your book, but I still can't understand why you think that large companies will only destroy innovation?

Graham looked at him a little surprised, curious as to why he had asked the question.

He thought for a moment before he said, "You have read my book carefully, but there may be a misunderstanding. I am not opposed to large companies pooling talent and capital for high-end technology research and development. But what about reality? As soon as many companies become bigger, they will become the playthings of capital! The jackals of Wall Street only care about whether you make money or not, and how long it will take to make money, you know?"

"I understand, but the technology industry has been developing for so many years, and many technologies are promoted by large companies......

"That was before!And you don't know how many more invasive ideas these giants have stifled behind the scenes in order to position those technical standards as industry norms......

Graham became more and more excited, and continued while waving his fist: "And at that time, it was the early days of the computer and communication industry, and the development of the industry was carried out by leaps and bounds, and a slight breakthrough in many subdivisions could become groundbreaking innovations, just look at Cisco and Qualcomm...... But then, there will be fewer and fewer revolutionary changes in the tech industry, and big companies will set thresholds for making money!"

Xia Yu understood what he meant, and he could understand it.

Perhaps this is really the case, even if the company used to be a disruptive innovation, it will become a monopoly maker driven by capital and tempted by profits.

Would it be better if there weren't so many complicated equity relationships and entanglements behind it?

If your own companies such as Polestar and Tianxing have the opportunity to become giants like IBM and Microsoft in the future, but the equity and voice are concentrated in their own hands, will there not be so many constraints?

It was the first time he thought about these questions, and it was this thought, which Graham inadvertently triggered, that influenced many of his key decisions later.

That's an afterword.

Current. Facing the investment mentor he once admired, Xia Yu did not give up the opportunity to ask for advice, and continued to ask: "What about the future? Do you think there will be more opportunities for innovation in small companies? You must know that if a small company can succeed, it will always become a ...... of a large company."

Graham seemed to guess that he would ask, laughing and saying, "That's the best thing about the Internet age." Hehe, don't look at the Internet bubble just two years ago, many people still have lingering feelings about network technology and network economy, but this will be a different era, I even dare to predict that the concept of the Internet will bring earth-shaking changes to the whole world in the future!"

Worthy of Graham!

Xia Yu couldn't help but sigh. If he did not have the memory of rebirth, he would never believe that the impact of Internet technology and ideas in the future will be profound to the ideological level and have a fundamental subversion of economic operation and business operation.

This is the way of thinking and thinking that will reshape all traditional industries and change the world.

Ten years later, many people can say a sentence or two, and even become some kind of common sense, but now. Those who can realize this are the top brains in the tech industry!

Graham saw that Xia Yu was stunned, thinking that he was frightened by his shocking thoughts, and couldn't help but smile bitterly: "Young man, my old man is talking nonsense for a while. Just listen to it. ”

"No!" Xia Yu hurriedly said: "I agree with your thoughts and cognition, and I am also very touched! I believe that the Internet will become a subversive trend of thought, and small companies will also become the main body of innovation!"

Seemingly a little surprised by Xia Yu's sudden recognition and compliment, Graham didn't speak for a while.

Xia Yu continued: "Of course, it's not absolute. Large companies still have an advantage when it comes to cutting-edge technologies that require ultra-high investment. But if it is a groundbreaking breakthrough in the field of segmentation, or the transformation of real-level technology into mass for the benefit of ordinary users. Small companies are much more flexible and dare to fight......"

When Graham heard this, he patted the back of his chair excitedly, "That's the truth! When technology develops to a new stage of bottleneck, then innovation will mainly benefit a wider range of ordinary users, not just for the rich people in Beverly Hills!"

However, he quickly shook his head again and said with emotion: "However, even those venture capitalists often choose projects for the benefit of the funds behind them, and many of them are rigidly stuffing money and stuffing money, and even greedily swallowing the shares of the creator and driving the founder out of the company...... These guys are just like the Wall Street guys!"

When Xia Yu heard this, his eyes suddenly lit up!

Listening to Graham say this, is it still more than two months away from YC's establishment, and there is no real idea of finalization?

This Xia Yu really guessed right!

Known as the "Ivy of Entrepreneurs", YCombinator is a continuation and practice of Graham's philosophy over the years.

However, although he has been doing entrepreneurial consulting work before, and has funded a few lesser-known companies as an angel investor, it really takes a month or two to really give birth to the idea of becoming a formal, long-term business incubator and pull five partners to implement it together!

At this time when I met Xia Yu, at most, I was only in a fixed position in terms of concept, and I didn't have time to think about many things yet!

Xia Yu's mind was in a hurry, and he immediately had a new idea.

I remember that in the summer of 2005, the first YC incubation had only 8 members, but in the end, only one was considered a real failure, which was definitely a terrifying proportion in terms of investment rights, and laid the foundation for the next session of wide registration.

Even as a stand-alone investment, YC is a great choice.

Although it is not primarily for profit, at least it will not lose money, and most importantly, it is an excellent network accumulation platform to reach first-line entrepreneurs in the United States.

This will bring a lot of help to my future career in the United States.

Thinking of this, and seeing that the crowd at the venue was also dispersed, he stood up and asked sincerely, "Mr. Graham, I have benefited a lot from the exchange with you. I have a ** request, could you please come downstairs for a coffee? I have some thoughts that I would like to share with you......"

Graham is a very good person, and he is really attracted by the recognition and new insights of the Chinese teenager in front of him, and happily replies: "It's my honor!"

The two soon came to the café on the first floor of the Hilton, and after sitting down and ordering coffee, Xia Yu couldn't wait to continue the topic just now. Instead, I made a formal self-introduction.

When he heard that Xia Yu was just eighteen years old, and the company's new product that he founded had won a single award recognized by the CES jury this time, Graham was really shocked!

And when Xia Yu continued to say that he also owned a venture capital company and invested in three promising projects, he didn't know what to say.

This Chinese teenager is really not simple, quite a bit of the style of Gates and Dale back then!

There are several old guys on the CES jury that he is familiar with, and they are all old friends for many years. Their overall requirements and vision are also extremely high, even harsh. The product of a Huaguo company can win an award, which has never happened before. No, it seems to be mentioned when I watch the news in the morning. It should be this company.

He didn't doubt what Xia Yu said, because Xia Yu's cognition and sincerity were unquestionable, so he directly sent praise and blessings without hesitation!

At this time, it was not too early, Xia Yu got straight to the point and asked directly: "Mr. Graham, I know that you are also an investor and a senior entrepreneurial consulting mentor, have you ever thought about whether it is possible to set up an incubator-type institution?" Do venture capital in a systematic way of entrepreneurial coaching to support more entrepreneurial teams?"

When Graham heard this, he couldn't help but slap the table directly: "Yes, that's what I've always thought! Can you elaborate on your thinking?"

Of course, Xia Yu will not hide his selfishness, firstly, he has the opportunity to show his hand to get his approval, and secondly, he also really likes and admires Graham, the future Silicon Valley entrepreneurial mentor, and hopes to bring out some mature experience in the later stage of YC's operation as soon as possible. It can also make it less trial and error.

He sorted out his thoughts for a moment, and then said almost all he could think of in one breath:

Extensive recruitment of merit-based entrepreneurial teams, centralized time and formalized entrepreneurship course training, mentor responsibility system for targeted promotion, integration and provision of various resources, etc., can enable entrepreneurs to be systematically improved;

In addition, the principle of capital raising, the classification system of investment amount, the principle of shareholding, the improvement of the "alumni" and guest resource pool, etc. These will ensure the healthy operation of YC.

After Xia Yu finished speaking, Graham was really completely shocked by the young man in front of him!

Could it be that he already had such a mature plan in mind? almost several times more perfect than he had imagined the prototype!

He couldn't help it anymore, and immediately expressed his thoughts on some projects, and then the two began to discuss each item one by one.

For example, Graham followed Xia Yu's train of thought and distilled two theories about how much to invest in a startup team: in today's era of free software and Web 2.0, the cost of finding IT startups has been greatly reduced. At the same time, when a start-up company starts with only a small amount of capital, the startup team will get relatively more power to run the company from investors......

At the end of the business incubation stage, Xia Yu added that he proposed to conduct a Demo Day, and also convened representatives of venture capital institutions such as Sequoia and KPCB to watch and directly introduce the next round of financing for those outstanding entrepreneurial teams......

More than an hour later, this unique venture capital incubator model was finally born.

Graham was thrilled, this is his dream career!

"Mr. Xia Yu, it's amazing! I believe it will definitely surprise the young people of Silicon Valley!"

"Yes, but whether it can work successfully depends on the dedication of you, a senior mentor. ”

"No, it's us, it's our common idea! The founders of this incubator are the two of us! But what should it be called, do you have any ideas?"

"Well, let's call it YCombinator!" (To be continued.) If you like this work, you are welcome to come to the starting point () to vote for recommendation, monthly pass, your support, is my biggest motivation. For mobile phone users, please go to M. to read. (To be continued......)

PS: Uh, I got up at five o'clock in the morning and wrote it...... At present, I only owe one chapter 70 monthly pass, and try to make three changes today. In fact, this chapter is 4500 words!

Maybe there are more technical terms in this chapter, but in fact, it is a simple description, and it will have a very critical impact on the later plot, and it will be very cool to watch......

More than half of October has passed, so let's check if there is a new monthly pass...... What if you have it...... Forget the country, I wrote almost 18,000 words in 48 hours, which is worth encouraging!

Note: YCombinator's name is derived from a computer term meaning "a program that starts other programs", which is very much in line with the positioning of the business incubation period.