Chapter 256: DVD Rental (Part 1)

QIM was blindly and desperately looking for a profit point by AOL's group of employees who had become extremely arrogant because of the company's booming performance, although Jiang Yizhou laid a better foundation and could maintain user growth, but it also began to continue to follow the old path of history.

But this is not what Jiang Yizhou has to think about now, me? A mediocre guy who was just a coder in his previous life, let himself preside over the next company with a market value of hundreds of billions of dollars in the future?

If it is a social company such as Tengxun or Death, then there are traces to follow, the only thing that needs to be grasped is the user, with the user as the core, at least there is a general direction, but this kind of technology-driven company, how to take the helm?

"Mr. Doerr, I don't think I'm any better, or that I'm just a leader, not a manager! In Arumes, I always entrust the management to others, just like Larry and Sergey now! ”

Still not very accustomed to the social habits of the United States, Jiang Yizhou faces people who are not very familiar with him, and they all call Mr. and Madam, and he feels that both of them seem to be very optimistic about him, so he can only prevaricate in a hurry.

John Doerr has some regrets, at least from his observation of this wonder boy from China, if there is no particularly suitable candidate, then Tony Jiang is the most suitable candidate, Silicon Valley, or the place where capital gathers, is constantly chasing success.

Why would you invest in a person? Because he succeeded last time!

Why are they rushing to invest in one person? Because he succeeded several times in a row!

Especially in the face of a rather uncertain entrepreneurship, if you can't use a variety of facts and logic to prove that the entrepreneurial project is indeed valuable, it depends on the person.

Moretz confirmed that Jiang Yizhou quietly invested in Google, and put down a heavy bet, and put even more thought into it than on blogger and AdSense to be able to invest in this company with such certainty.

Otherwise, if it is a normal situation, it will not attract them until 98 years, when Google occupies a fairly significant share of the search engine market, such as 20% to 30%.

The fact that Jiang Yizhou has succeeded continuously has made others unable to face up to his talent, and his success has shone his eyes, ignoring many things and being willing to believe that if he participates, the probability of success of this project will definitely be much higher.

It's like the relationship between a Hollywood star and a studio.

"Tony, you don't need to be so inferior, your track record proves that you have this ability, and as for the hired person, that's what you do.

And it turns out that you can command your employees well, and that's enough, if you put so much effort into it, can't you continue to pay a little more for Google? ”

John Doerr was quite puzzled, but seeing Jiang Yizhou's firm refusal gaze, he didn't insist anymore, "Okay, but you can also be like Bill, as Google's consultant, you are now Google's largest shareholder!" ”

At this time, Jiang Yizhou relaxed, wiped the sweat on his forehead, and hurriedly said, "Of course, as a member of the board of directors, this is my duty, and I will definitely serve!" ”

John Doerr left with disappointment and Bill Campbell, and the party continued, so naturally they couldn't stay with Jiang Yizhou.

In the following time, he also got to know some investors and entrepreneurs, and inevitably encountered several unexplained invitations, of course, more of a normal exchange of news and investment.

"I'm planning to start a second business, and I find the DVD rental industry really inconvenient, you know?" Reed Hastings complained, "I picked up a DVD from a video rental store and paid a $40 late fee for returning it late, which is like a credit card trick!" ”

The main means of making money for credit cards in the United States is to collect liquidated damages for users who default on credit overdraft or installment repayment.

"So I planned to open an online DVD rental website on the Internet to solve this problem!" This man named Reed Hastings made Jiang Yizhou see the idea of entrepreneurs in the future when O2O is developing rapidly.

Online rental DVD, I feel that this thing and home manicure, home pet care have a fight, but think about it, in this era when the online video industry has not yet emerged, it seems that there are indeed some business opportunities.

In particular, the copyright education in the United States is perfect, and the relevant laws and regulations are relatively well implemented, and the most important thing is that there is money and can afford to buy genuine copies, which has a market, although this also gives people the feeling that it is unlikely to make a profit, isn't it just to move the offline business online?

"Mr. Hastings......"

"Just call me Reed, Tony!" Reid Hastings smiled kindly at Jiang Yizhou, he naturally wanted to get a sum of money from this Chinese kid who had a good eye and had money to invest.

Although a software company he founded was bought and he became a multi-millionaire, he didn't plan to put all his money into it, and it was only reasonable to get a round of angel investment.

"OK, Reed, I want to ask, what if Amazon also does this business? Have you thought about it? Jiang Yizhou thought about it for a while, and remembered that the Amazon giant that will occupy the US online shopping market in the future, and it is impossible for Amazon to let go of such a business as DVD rental, so he asked directly.

Now that Amazon has raised a huge amount of money by going public, Amazon is rapidly expanding its business beyond confines itself to the largest online bookstore.

Jiang Yizhou is a pity that he didn't catch up with Amazon's pre-IPO, at least the Arumes Venture Capital can drink the last wave of soup before the listing, but unfortunately it is useless, at that time he was still in a stalemate with AOL.

As for when Amazon expanded into the DVD rental business, he doesn't know, but it's just using this question to scare this confident guy, oh, Reed.

Reed Hastings was like a wilted eggplant for a moment, and the threat of Amazon, an expanding and tentacle-wielding online store, was indeed not taken into account by him.

"I think...... I feel that Amazon will definitely not be able to spread to the DVD rental business in the short term, they are expanding too fast, so the loss problem has been very serious, as a listed company, it should not continue to venture! Reid forcibly explained, "And my online DVD rental business will establish enough advantages when Amazon reacts, and no one can monopolize the market!" ”

Of course...... will continue to advance, the next bond issued by Amazon is actually already in preparation, and Jiang Yizhou's Arumes Capital Company has also undertaken a part as the price for taking over a part of Amazon's equity.