For Liu Si, the expansion of the scope of the Liu family's business, coupled with the lack of prosperity of the Liu family, it is impossible to supervise the cause of every region. Pen? Interesting? Pavilion wWw. ｂiquge。 info Taisho security has not yet developed, and there is really no guarantee in the supervision at present.

San Francisco, Angel Capital Headquarters.

"President, Mr. Sun has arrived." The assistant knocked on the door and walked into Jeff's office to remind.

Jeff didn't reply, but turned the boss's chair and looked at the San Francisco Bay, looking at the golden bay illuminated by the rising sun, he was a little emotional. Blogger, eBay, and ICQ are like the rising sun, full of vitality, shining not only on the San Francisco Bay, but on the entire United States, North America, Europe and the United States, and the world.

However, many venture capital institutions, individuals, and groups that have visited so far have questioned the valuations of Blogger, eBay, and ICQ, and this time Son is back again, and I don't know if a deal will be reached.

ICQ's growth rate is the most amazing, in May, ICQ's registered users exceeded 30 million. Nowadays, the number of netizens in the world is only about 90 million, ICQ is not a miracle, I believe that in less than a year, ICQ will be able to wipe out all the netizens around the world.

It's a bit of an exaggeration to wipe out all the world's netizens, you must know that now Microsoft has launched MSN, which has robbed many users based on the convenience of Microsoft's operating system. For this reason, from the supervisor of Angel Capital in Mirabilis, Jeff also asked Liu Dashao for advice on this issue.

To this end, Liu Si gave a lot of suggestions. First, pay attention to the difference in regional languages, and launch a multi-language version, which has been successfully launched not long ago, and once again ushered in a wave of registration peaks, setting a record of 4 million registered users in a week. Another point is to borrow the login interface of the upcoming Penguin QQ to reform and enrich the content. And the same adds instant message sending and receiving, wireless paging, GSM short message, IP phone network interconnection, chat room, mailbox, group and offline messaging, plus instant messaging software development marks the need to pay attention to the requirements to achieve the function of saving friend information in the server and client.

However, because the e-mail system takes time to develop, and it takes time to deal with the world's communication companies to achieve wireless paging, GSM short messages, and IP telephone network interconnection, so on the whole, ICQ has only carried out offline messages, and the development of instant messaging software is marked to indicate that attention needs to be paid to the realization of the two functional reforms of saving friend information in the server and the client.

Blogger's growth rate is second to ICQ, but it is not bad, but so far, Blogger has basically wiped out the Internet users in the Americas, and the total number of registered users has exceeded 8 million. The impact on Blogger is not significant, and it is expected that the number of registered users will reach about 12 million this year.

Blogger is growing at an astonishing rate, setting a record of more than 3 million registered users in a single month in May, and Blogger hired a professional designer to redesign the page in May.

In May, the beta multilingual version was officially launched, and Evanwilliams, one of the founders of Blogger, spoke on behalf of the company in the news media, saying that Blogger's upgrade is a major adjustment of the system architecture, that is, from the past release of static pages, to full dynamic. Static pages used to be an important feature of Bloggers, as they supported publishing blog content to third-party servers (via FTP). In fact, Blogger has always existed as an independent publishing system, users can publish blogs to blogspot or any other server, this architecture has very low hardware requirements for blog hosting servers.

This feature was requested to be changed by Liu Si. Otherwise, the feature of publishing static pages will become a key constraint on the development of Bloggers in the next few years, and many important features cannot be added. Evan said, this structural adjustment, Blogger and other blogs provide a significant advantage is that there is a powerful template editing function, for HTML and CSS master Blogger is undoubtedly the best choice, the template fully supports HTML editing, you can make Blogger a professional site, and Blogger is like a space provider, and this service is very stable.

There are many fewer registered users of eBay than ICQ and Blogger, because at present, eBay has quickly occupied the North American market under the promotion of strong capital advertising, and the number of registered users has only reached 5 million. However, the proportion of effective users is much higher than that of ICQ and Blogger, and most importantly, eBay's profit seems to be clearer, with at least half of the loss compared to ICQ and Blogger.

eBay is also required to focus on patent filing, and all kinds of it are required. eBay is plagued by patents, most notably Mercexchange, which in 2001 accused eBay of infringing three patents owned by the company's founder, Tom Woolston (two of which were used for eBay's "buy now" fixed-price feature).

Blogger and eBay are valued at $500 million each, and ICQ is valued at $800 million. When the basic point of this valuation was asked by the news media, Jeff was embarrassed for a while, Angel Capital's internal valuation of Blogger, eBay, and ICQ should be about $1 billion, but the current valuation of the three companies is $1.8 billion, almost twice the number. When asked by the news media, Jeff really didn't know how to talk about it!

The most unacceptable thing about the three companies is the valuation of ICQ, because basically everyone does not know and cannot see ICQ's profits, although his 30 million registered users is a good data, but this is not a bargaining chip that can fool investment institutions. To say that the valuation that is acceptable is eBay, and more than 70% of the venture capital institutions and individual investors that Jeff received before came to eBay.

The investment prospect of the blogger is not up and down, which makes the founding team, angel capital, and Phoenix capital very uncomfortable, and even has questions about the future. Jeff naturally reported the situation of the blogger to Liu Si, Liu Dashao thought about it, gritted his teeth and risked exposing the ICQ profit model, and gave the most powerful profit method for a blogger.

That is, combined with the huge number of users of Blogger, an advertising banner is given at the top of the Blogger web page to promote an online game that Liu Si found with a special golden finger - "Internet Genesis". In this cooperation, Blogger provides an entrance, or traffic import, and now the number of online users of "Network Genesis" has quickly exceeded 500,000 in a week after cooperating with Blogger, and now the number of registrations of "Network Genesis" is close to 1 million, which is not amazing.

The name "Cyber Genesis" (a.k.a. UO) is unheard of for new online gamers, even among veteran gamers. But those hardcore gamers who have experienced the rise of big online games do have 14 because of UO. The crazy move of the 4kbps "kitten" to download UO, once waited all night in order to be able to log in to a small private service that can only accommodate dozens of users, and also galloped across the land of Britannia, and adhered to the eight virtues in the name of knights.

Originally, the first continent of Cyber Genesis, "Filuca", would be launched on September 30, 1997. However, because of Liu Si, Richard Garrett, who left ArcheType soon, relied on the funds of his previous team and blogger to quickly get the core content of the "Cyber Genesis" online game that had been cut but had been done from Archetype.

"Meridian 59" is the first online game of the third generation of online games, this game is also independently developed by Archetype, and released in the fall of 1996, but the publisher 3DO company made a major mistake in the decision-making process, and was indecisive on the pricing of the game.

Both Meridian 59 and Cyber Genesis are paid on a monthly basis, while most previous online games were billed on an hourly or per-minute basis (usually with a free period before being charged). With the adoption of the monthly subscription system, the primary business goal of game operators is no longer to get players to spend more time in the game, but how to maintain and grow the game's user base.

Of course, this kind of benefit is also more long-lasting, for example, today nearly a million gamers, $15 a month, a month Blogger's profit exceeded $10 million, the current Blogger's account is not unsightly.

Blogger, eBay, ICQ, do they have investment prospects? Needless to say, they do. You only need to look at the data of 30 million, 8 million, 5 million registered users to know that they have investment prospects. Therefore, Masayoshi Son appeared again at the headquarters of Angel Capital after half a month.

Of course, it is precisely because of this that Son Masayoshi came.

There are mixed reviews for Son, but it is undeniable that he is a rich man and a rich man. Throwing $100 million at Yahoo at the beginning can also happen to Blogger, eBay, and ICQ.

Angel Capital originally had a relatively luxurious reception room, but due to the large number of people who came to Angel Capital by the SoftBank Group delegation, the meeting was in a relatively simple conference room of Angel Capital.

Blogger, eBay, ICQ really made Son can't let go, this is an opportunity to make money, let him go and can't forgive himself. What I hate the most is why the original investment in Blogger, eBay, and ICQ was not SoftBank, and Angel Capital's absolute control of Blogger, eBay, and ICQ made Masayoshi Son have to enter San Francisco again.

Son sat in the conference room, looking around, a little lacking in interest. To be honest, as the godfather of the Internet, he naturally has a unique vision for investment in Internet companies, but he has always disliked dealing with investment institutions and group companies, because he generally can't get the initiative. He is a man of great control.