Entrepreneurs grow up in hard work, while economists grow up in academic discussion and summary, entrepreneurs' views are more objective, more practical, and more practical, so entrepreneurs focus on doing; Economists' views tend to be subjective, and most of them lag behind, and there are many summative views, so economists tend to focus on speaking.

What do you mean?

Because the two are fundamentally different, we see more economists' views and opinions on a certain field and a certain industry on the Internet and newspapers, and it is difficult to see the views and opinions of real entrepreneurs on a certain field and industry. As long as you are thick-skinned enough to dare to talk nonsense about such and such an industry in such and such a field, you will be given the title of such and such an economist, and then swagger through the market and give speeches and comments everywhere.

The people of China have not yet learned their lesson, or they are experiencing a flood of 'economists' and 'experts', but the American people have long taken the words of economists as nonsense. Why do they trust entrepreneurs more than economists?

There is too much difference between doing and talking, because it is never wrong to say, even if it is wrong, it is enough to change to a self-justifying statement, and there is no responsibility. But you can't do it, either you succeed or fail, you don't have a choice, so before you do it, you have to think of some ways to deal with it; Otherwise, if you fail, you will have to bear all the responsibility. Therefore, the entrepreneur will be cautious in his words and deeds, and will not easily express his views and opinions, and once they are published, they are opinions and opinions that he is sure of.

But the American people are really crazy, taking the admonitions of economists as all farts and the opinions of entrepreneurs as the golden rule.

Intel's slogan is: Hop on the high-speed train of the Internet, or you will die without a place to die!

AOL, which has made a real profit, has no hesitation, and its president, Jim. Kinsey claimed that he had no time to think about the so-called "bubble problem" and that he did not feel the need to explain to the market why there were losses or profits, because he had more valuable things to do.

"The first thing that comes to mind when I wake up every morning is that the Internet is growing at a rate of 2,300 percent per year, and AOL is going to expand outward at a rate of 23 times per year."

It's over, the controversy provoked by Li Jiaming, with the shameless Ding Lei, posted the slogan of Intel Corporation half a year ago, the public statement of the president of AOL, and the actual interview record of the reporters who went to the ocean on the website, Li Jiaming can be said to be a complete defeat, at least a one-sided defeat in public opinion.

'The King of Big Talk'

This is Li Jiaming's new nickname, and China.com, which competes most with SOHU, first gave him the reputation of 'King of Big Talk' in the comments, and then to NetEase, Tom and so on. Li Jiaming's name is known to the whole world, and even Zhou Dongxu, who didn't dare to talk nonsense under his prestige, dared to joke with him in the elevator.

However, Zhong Chaocheng, who became the owner of 'Extreme Speed' Technology Co., Ltd. with 100 million yuan and served as the chairman of the board, disagreed, he had seen Li Jiaming's steadiness and ruthlessness, and if he dared to pack a ticket, Li Jiaming would never be so wild. Zhong Chaocheng himself is also a student of economics, and has a master's degree, carefully analyzed the views and mathematical models of both sides, and did not dare to determine which side was correct, but he chose to be conservative very sensibly - to accept SoftBank's financing.

can't be delayed any longer, seeing that Zhong Chaocheng chose financing, Gu Zhenyun and Zhang Zhaoyang, who were arguing with Goldman Sachs and Yahoo, also immediately decided to raise money.

50 million!

50 million!

98 million!

The valuations of all three are in dollars!

This is adding fuel to the fire, and in a year or two, three more such Internet giants have popped up in the SOHU Building, and the bosses in Zhongguancun are simply crazy. Some of the owners who can't get into this building go to the electronics market on the first to fourth floors to stake their land, transfer those shops at a high price, and then turn them into offices.

In this fiery scene, who the hell will believe Li Jiaming's set?

But there are also sober people in the world, such as Ma Yun who came to Peking to negotiate with Li Jiaming.

In the past two years, Ali has maintained profits, and after being financed by Li Jiaming for two rounds of financing in a row, it is not bad for money. The old boy had a hot brain and moved the company from Hangzhou to Shanghai, but he ran back to Hangzhou with a blue nose and swollen face. But this old boy's luck is good, he came to Hangzhou from time to time, and was favored by an investment manager surnamed Cai at Goldman Sachs, and after a few deep talks, he actually resigned to be his deputy, and also drummed up a partnership system.

If you want to carry out the partnership system, Li Jiaming, the largest shareholder, can't get around, although the agreement guarantees that Ma Yun has 45% of the voting rights, and the entrepreneurial veterans also listen to him, but those entrepreneurial veterans only have the right to vote for future stocks. If Li Jiaming didn't nod his head, let alone reach 2/3 of the votes, he would not be able to formulate a fundamental system that could affect the equity structure, and he would not even be able to pass 50%, because Yahoo, the second largest shareholder, was eager to kneel and lick Li Jiaming.

Ma Yun listened to Yang Zhiyuan, talking about investment, and the amount reached 2 billion US dollars. Compared to that case, Ali is a fart, and if he doesn't do it, he will let Yahoo give it away.

Li Jiaming, who was busy defending his dissertation, could only stop what he was doing and came to drink with the ugly man, but the ugly man said in front of Ma Huateng: "Brother, you are yin enough!" ”

"What?"

"You identified the stock market bubble and talked to Yahoo about financing? If this is broken, Yang Zhiyuan will not die and shed his skin! ”

Few people who can stand out are good people, and in terms of traditional morality, it is not an exaggeration to call them scum. casually buttoned Li Jiaming with a hat, didn't he just want him to back down and promise to engage in a partnership system to ensure control of the company?

"You know a bird! Lao Tzu tried his best to speak, he didn't listen to Lao Tzu, rather than let him see the wealth and water, it was better to give Lao Tzu to do things. ”

"Come on, I've persuaded you, your mouth that can tell the dead alive will not be persuaded?"

It's a little interesting, Li Jiaming plays with the taste: "Tell me, how did you persuade me?" ”

"His stock is worth 10 billion, and he cashed out 1/3 just in case, so you really didn't think of persuading him like this?"

Damn, I'm used to throwing all the chips on the table, and I actually forgot that I can't put all my eggs in one basket, Li Jiaming admits defeat and says: "You hang!" In the past few years, it has gone too smoothly, and I am always used to gambling. ”

But even if he admits defeat, Li Jiaming has pulled away from the topic several times, and he will not accept his partnership at all.

There is no way, everyone is a person with a strong personality, it is impossible for someone to absolutely control the company, and there is no way to convince Li Jiaming's Ma Yun, so he has to talk about the Internet bubble according to the topic set by Li Jiaming. This time he obtained $30 million in financing from Yang Zhiyuan, and Li Jiaming was not short of money, so he didn't follow up?

"Remember the last time I told you?"

", you're not really going to do it, are you?"

Li Jiaming is annoying, the acquisition of Imperial League is just an excuse to fool Yahoo, but the development of a mobile phone operating system is a really expensive thing. Now that the technology is not mature, how much does it cost to develop a system that is so detached from reality?

Wang Zhidong and the others have probably estimated that if there is no five or six billion US dollars, they should not talk about it. So much for software development, but what about hardware development? And this is risky, you have to do the analog mobile phone accumulation technology first, and you can't throw hundreds of millions of bubbles without a single one.

If you don't make money from Yahoo, Li Jiaming can't make that determination. It is a gambler who dares to bet all of them, and as a last resort, which person will do that after success?

Looking at the increasingly crazy stock market, Li Jiaming really can't guarantee that he can reach an investment agreement with Yahoo before the bubble bursts, let alone that the bubble will burst after the lock-up period of SOHU shares.