Chapter 135: True Moat
Cleaver this guy did this big thing secretly?!
Against all odds.
Roy, Noah and the others were stunned, the opponent not only prepared for the worst, but also made double preparations, a little **.
Ulysses wondered, "Boss, is Billpoint a great company?"
Roy came back to his senses, rolled his eyes, and snorted: "Awesome wool, the garbage company, it's just a gimmick to rely on the Internet to pay, because it's lucky, so it's just a buyer who has been wronged." β
Although Roy said this, he admired it very much in his heart, and it was not just luck to be able to grasp this special point in time to sell a budding company at such a high price. How can the multiple calculations, the insightful vision, and the far-sighted layout behind this be something that a young person can do?
"What! And he's still pretending to bluff people here?! Ulysses was speechless.
Cleaver still had a polite smile on his face, and said lightly: "Do you think that worry-free payment has won?"
Oh, where do you get your confidence? Roy looked contemptuous, "That's not nonsense. If it weren't for the close connection between Worry-Free Payment and eBay's business, eBay would have set up its own network payment system? If it weren't for eBay seeing the prospect of online payment because of the development of Worry-free Payment, do you think your nameless broken company could sell 50 million? Hehe, look for me 5 million, I don't want it. β
Cliffor shook his head helplessly, "It seems that you haven't fully understood the situation yet......"
"βAssi. Does your mom know how self-righteous you are? Do you know what 'network effects' are? Do you know what the moat of the industry is (Appendix 1)?
"I don't understand anything, I don't know anything.
"Let me tell you, as long as there is a day of worry-free payment, even if you give your broken company 1 billion yuan, the market will not have its place.
"Fack, I really don't understand where your inexplicable confidence comes from. "Roy saw the other party's indifferent appearance, his heart was unhappy, he hated this kind of hypocritical person the most, you express anger when you are angry, laugh when you are happy, sad when you are sad, and show off your cheapness when you are proud...... Damn, he has a polite face of performance every day, pretending to be a monk.
Cliffor waited unhurriedly for Roy to finish, still shaking his head, "You are still too young, if the fate of a company can stand out by being vexatious, then the mall will already be full of politicians." β
"What the hell? I'm too young? I'm being vexatious?" Roy laughed self-deprecatingly, although the current mood swings will affect the judgment, but the overall situation has been decided, and any partial struggle is in vain.
But! How can the other party's personable performance seem to have become a clown jumping off the beam. Roy was angry, and shouted in a strong manner: "I know what you think! When I tell you the reason for the self-defeat, you will be dumbfounded." β
Cliffor laughs: "Emotions have lost your mind, and even if you express your opinion at length, it will be full of loopholes and become a joke." When you look back at your behavior at this time, you yourself will feel ignorant and naΓ―ve and unbelievable. β
"My actions may be ridiculous, but my logic is invulnerable. Roy took a quick step, jumped on the coffee table wildly, looked down at Cliffor condescendingly, and shouted loudly: "Hear clearly, although Bay has acquired Billpoint, all it can do is to advertise on the official website of eBay, or change the default option of user payment to Billpoint." That's all!What else can eBay do? It can't do anything!
Once a user uses worry-free payment to transfer money to others, it is easy to stimulate the use of new users, and the more people in this network, the greater the value, and eventually it will reach the point where the cost of replacing the platform is very high.
"Of course, with your IQ, you can't figure it out in this life. β
Clifford raised his head and looked up at the young man on the coffee table who had such a high level of achievement, but was so childish, and his mind was complicated, and he hypothesized: "What if eBay rudely and directly blocked the worry-free payment?"
Noah's heart tightened, and he looked at Roy worriedly, if eBay did this, the blow to Worry-Free Pay would be fatal, because Worry-Free Pay was too dependent on this platform.
Roy felt as if something was wrong with his spirit, he had been working hard day and night for half a year, so that he was under pressure several times the usual, and now there was only one last step left from Dingding the world, and his whole person's spirit had also changed dramatically, and the absurd behavior that he usually disdained was now so wild and smooth, and he was willful in front of his opponent, and his body and soul seemed to be sublimated to another level.
He jumped on the table like a monkey, slapped his thigh with his right hand, and let out endless ridicule from his throat, his voice sounded strange and wild, "Young man, you better go back to school to make up for it, not every young man is a talent, and not every young genius can succeed."
"Finally tell you this answer, and let you die blindly.
"First, eBay's cultural philosophy is open and inclusive, and its founders want to be an open and free platform. If it shuts down worry-free payments, it is also destroying its own company's core values.
"Second, how inseparable is worry-free payment from ebay, and similarly, how inseparable ebay is from worry-free payment!
With that, Roy laughed and walked away.
Walking out of the door alone, his whole head seemed to be empty, and he thought that he would have no opponent from now on, and his heart was not ecstatic celebration and tears, but gloomy and sad, lost his soul, and only sought the loneliness of defeat.
It's all β it's finally over.
He walked out of the hotel lobby with dazed steps, and suddenly saw a simple and beautiful girl coming to him, this girl felt a little familiar, but he couldn't remember it for a while, the girl's smile and gestures seemed to be natural, holy and suffocating.
The unexpected beauty made his heart pound.
When Evanni entered the door, she glanced at the time anxiously, and didn't notice Roy next to her at all, her pace was brisk, and her annoyed look was a little naughty, "It's 15 minutes later than the agreed time, and Senior Cliffor will definitely be rambling about me again this time, hey, his concept of time has always been very strong." β
Roy looked back at Ywinnie's back until the girl disappeared into view, still immersed in it.
Ulysses chased after him, worried, "Boss, are you alright?"
"I ...... It's very good, it's like finding your soul mate. β
β¦β¦
Yvinie knocked on the door and entered the suite, sticking out her tongue mischievously, "Senior Cliffor, I'm sorry, I'm not going to be late next time." β
"Hmm. With his back to the door, Cliver stood in front of the floor-to-ceiling windows and looked out at the vibrant city beneath his feet.
Yverne is a little strange, it seems that the senior didn't teach herself a lesson today. She imitated the role of the Amazonian female warrior, and shouted with high spirits: "Warrior Ewini, come to report." β
"Ivanni, Ivanni, I can't arrange an internship role for the time being, and I have a plan to buy a worry-free payment...... Failed. β
β¦β¦
(End of Volume 2)
Appendix 1: As you may know, Warren Buffett has a famous "moat theory", which can be said to be a very core investment philosophy of his. There are four elements in the "moat theory", and one of the core elements is "network effect".
The definition of "moat" is not difficult to understand: it is a sustainable competitive advantage that a company has built up, which can protect itself from the attacks of competitors in the long term, so that it can continue to make profits. To put it more simply: a moat is that a company has something very special that is difficult for others to take, so all the money in the market is made for you.
The most common fake moats are: high-quality products, huge market share, efficient execution and strong management team.
So what is a real "moat"? Here are four things:
Intangible assets of the enterprise: such as a brand, or an access permit to enter an industry, etc.;
High customer switching costs: that is, the cost of users abandoning your product for others is very high;
Cost advantage: In a variety of ways, you can consistently sell your products or services at a lower price than your competitors;
The last is the "network effect". The concept of network effects is in Chapter 111, and students who have forgotten can review it.
The content of the appendix is very important.,Otherwise, my lord may not understand the hero's confidence.γ