Chapter 192: Scarcity is Value
Spring is coming, but many people in Silicon Valley are feeling the chill because the Nasdaq index has fallen again. Last week, market analysts said that this was just a correction in the stock market, but this week proves once again that market analysts are unreliable.
The processing of a massive initial batch of sell orders on Monday of this week triggered a chain reaction of sell-offs: investors, funds and institutions began to liquidate. In just five days, the Nasdaq lost nearly 900 points, from 5,050 last week to 4,580 yesterday, a drop of 9.31%.
What will happen next week?
There is no shortage of financial talent in Silicon Valley, and when there is no decline, it is impossible to tell whether this is a bubble or not. Once the stock market starts to fall, even the waiters in the cafΓ© can hear the sure result: continue to fall, until there is no way to fall.
But in the midst of the chill of spring, Larry Page had a happy party because his panic attack was finally cured. According to the backrub programmers, Larry Page couldn't hear the phone while Miss Marissa was engaged in painstaking negotiations with Yahoo. As soon as the phone rings, he rushes to the bathroom, squatting by the sink and retching, whether it's a man or a woman inside.
Miss Marissa talked about an investment plan of up to $120 million, and after the acquisition, poor Larry was even more pitiful, and he often said: Maybe I will blow my own head with a gun in the near future! Yahoo has spent such a high price, in case Li Jiaming breaks his promise, Backrub will completely become a slave of capital and lose the possibility of becoming a great company.
Relieved, the Nasdaq fell. God forbid Larry, if he had made a decision a month late, Backrub would not have survived. If that's the case, I'm afraid that even Sergei, who supports him the most, will choose to leave, because it was his stubbornness and selfishness that killed Backrub.
When Li Jiaming held the beer bottle and heard this joke that was not a joke from Marisa's mouth, he suddenly felt that these programmers in front of him were very simple.
Such a person, that is, in the United States, where the business system is sound, if he mixes in Zhongguancun, the bones and scum will be gnawed away. Or maybe they are so simple that they can write perfect programs and algorithms, because they don't need to intrigue, at least until they don't have enough business skills.
Li Jiaming, who was late, glanced at the twenty or thirty men in the courtyard who were drinking, barbecuing, and chatting, but he didn't find a few women, and said curiously: "Marissa, what's going on?" In my impression, the party should be like that, shouldn't it be like this?"
The slim Marissa was excited because she became a co-founder of the company, and her stake was second only to Larry and Sergey, the two main founders. All thanks to the hint of this god-like man.
"No, most of the parties in small companies are like this, at least the kind of parties I have participated in are similar, because people can't afford to hire actresses to warm up. Only when we have a party within the company, they will not be so restrained. Of course, if we become yahoo, we don't need to ask actors to warm up, because there will be countless party-girls to hook up with them. β
That's right, people who write code day and night must have some flaws in terms of personality. Those who are talented, lucky, and able to overcome may become Larry, those who are gifted, lucky, and unable to overcome character flaws become Sergei, and those who are talented, unlucky, and unable to overcome become hundreds of thousands of code farmers in Silicon Valley.
"You know what? You're Larry's idol now. β
"What?"
Alcohol is indeed a good thing, and the last time Li Jiaming went to the backrub company, Sergei, who didn't say a word, dragged Larry not far away, and excitedly said: "Your thesis and your deeds! He said that if you come to our company, he will take the initiative to give you the position of chairman and CEO." β
βhat?β
"It's true, Ming, after you came to our company last time, we got to know you in detail and read your paper in detail. Of course, Jiang was asked to find it on the Internet, and he also asked him to translate. You're so great, we can't believe you dared to say 'no' to capital when you were a freshman. If it were to replace us, we would definitely and absolutely agree to Yahoo's financing conditions as soon as possible. β
A little bit of progress, knowing that the shares are not enough for the chairman and CEO to shoulder to shoulder, so he retreats to make himself fulfill his promise.
Is this not possible, with your kid's ability, can you deceive the opportunity for development from Yang Zhiyuan, who is getting darker and thicker? Li Jiaming now regrets a little, playing with that bastard for two or three months, and actually turning a good gentleman into a black-bellied villain. it, shoot yourself in the foot!
Li Jiaming, who was younger than others, touched the two young people with a beer bottle and said nonsense very seriously: "Larry, Sergey, you are wrong, it is just a business technique, any business school graduate understands."
Sooner or later, you will all understand those business skills, and the most important and valuable thing now is technology. Believe me, technology drives content, technology drives everything, and without technology, all business skills are useless.
In other words, investors like me are parasitic on you, and only if you succeed can my investment be able to get a good return. So you don't have to worship me, you don't have to worship anyone, you just have to be yourself and believe that you are the best!"
This is chicken soup for the soul, Li Jiaming didn't expect that he would have a day of pouring chicken soup for the soul to others. But this chicken soup for the soul out of interest made him gain the friendship between the two, because this is the first time that a big man treats them so equally.
"Really, when we got our first financing from Sequoia Capital, Sergei said that if it weren't for the check, he would have wanted to smash that shitty head with one shot!"
Li Jiaming believes that when Lao Zhang came to the United States to run financing, even with Professor Negroponte's golden signboard, he still failed twice, which can be seen as the cautious and timid nature of capital.
Moreover, Li Jiaming told them about the difficulties of the past, looked around at the young people who began to gather around, and encouraged: "Gentlemen, we will succeed, because we regard technology as life, which is why I gave up other similar companies in the first place and took the initiative to come to Larry and Sergei."
Of course, I also hope that everyone will not forget the difficulties at the beginning, and when we have the ability to help those young people who have the same dreams as us, we should not be so arrogant, but should give each other respect. Maybe their ideas are genius, or maybe their ideas are retarded, but they have to respect each other, because having a dream is a great thing in itself. β
Li Jiaming himself listened to these words, but he refuted the applause of the young people. Hearing the applause, Li Jiaming also knew that these young people would become his help, because he gained their friendship, and not just being used as a stake by Yahoo.
Now Li Jiaming knows why a beautiful girl like Marissa with technology and emotional intelligence would refuse to join a large company like Oracle and McKinsey and go to work in a small company like Backrub.
Scarcity means value.
Marissa is pretty, cheerful, and strong, and it is very easy to gain the admiration of these introverted, even eccentric tech men, and as long as the company is successful, she can occupy the most advantageous position and get the huge benefits that she does not get in other large companies.
And for these underdeveloped young people, it also means scarcity, because they have what they don't have. It's not the money that everyone thinks, but the social experience, and the willingness to share their experience and experience with them on an equal footing.
This is important to Li Jiaming, because he is not tech-savvy, and he must let those technologically strong people help him build a business empire.
Unlike at home, these young people still expect money, but they are more looking forward to realizing their own value. Therefore, these young people who go to work in large companies and can easily get a high salary will nest in the garage to start a business, and will be like Marissa who gives up a high salary of more than 100,000 yuan to get a meager salary of 30,000 yuan.