Users are only the basis of electronic payment, and the degree of activity is the most critical factor in determining the value of an electronic payment software.

There are no registered users, and the apps that these registered users don't use are worthless.

NewPay took advantage of the launch of Quora's paid Q&A feature, and the number of transactions through Quora spiked every day.

Finally, Zhou Xin said: "During this time, there will definitely be many Internet companies that want to refer to Quora's paid Q&A function and launch their charging links.

Including Yahoo, I guess Yahoo will most likely come and talk to us, don't refuse them, as long as there are companies that are willing to integrate NewPay, we all agree.

There is no need to shy away from the competition that these Internet companies may have with other companies under my name.

My vision for NewPay is that it will be able to become the water and electricity of the Internet age in the future, everywhere, and everyone needs it.

It is precisely because of this vision that we must not let other Internet companies think that NewPay is my personal tool and will use NewPay to crack down on other Internet companies.

NewPay won't be the walls I've built for my own other internet companies. ”

Zhou Xin said it very bluntly, because he can't pay attention to the specific things of NewPay in real time, so he needs to say it in advance.

If NewPay is not open to Internet companies that are in direct competition with Zhou Xin, in Zhou Xin's view, this is a matter of picking up sesame seeds and losing watermelons.

Even if Quora really monopolizes the entire market, its value is limited, which affects the subsequent development of NewPay, and makes other Internet companies realize that they need to support another electronic payment company to avoid being constrained in the payment field.

It's really not worth the cost.

After Yahoo's Q&A community was launched, even though Quora's activity skyrocketed after the launch of the paid Q&A feature, Yahoo's own traffic still gained some users.

At the same time, Yahoo Q&A has no threshold and can be played by everyone, which also attracts some Quora users.

After Yahoo Q&A was launched, one of the hot questions above was: "Which product do you think is better to use, Yahoo Q&A or Quora, and why?" ”

Or because Yahoo Q&A has no threshold, questions that also don't need a threshold will be sought after by the public.

Because Yahoo Q&A was launched too quickly, many functions were not perfect, such as a complete set of logical recommendation algorithms.

This results in users seeing questions and answers that are filled with a lot of emotional responses rather than genuinely valuable answers.

In the answer to the question above, the highest number of likes was:

"Quora is like a well-crafted work of art, while Yahoo Q&A is an industrial product of shoddy imitation."

This kind of response with only emotion and no content, in other words, an answer with only arguments and no arguments, is flooded with similar content throughout the Q&A community.

No one cares about the answers of the Nobel laureates that Yahoo has gone to great lengths to invite.

Yahoo staff asked these Nobel laureates very professional questions, resulting in the Nobel laureates' answers being too unfriendly to the vast majority of users.

It didn't work out exactly what Yahoo expected.

But Yahoo's executives and staff weren't aware of the problem, and they were obsessed with the impressive numbers of Yahoo Q&A users and engagement.

"The Q&A community has a natural advantage, and users love it, and after Yahoo Q&A was launched, even if Quora launched a new feature, it didn't work for us.

As long as Quora is not open to all users for a day, the Yahoo Q&A community will naturally suck out this part of the users. Kevin looked at the data that his subordinates had put together for him, rather proudly.

Yahoo Q&A, which he led single-handedly, relied on data and was able to brag about it in the company's semi-annual report, so Yahoo's stock price could rise by at least ten points.

"Jerry, it seems that your concerns have not been realized, Quora's high barrier to entry has led to users using Quora is a castrated version, and Yahoo Q&A solves the problem of starting from scratch for the majority of users.

We only need to continue to optimize Yahoo Q&A in the future, and sooner or later we will be able to achieve the effect of Quora.

The number of users is the basis for the healthy survival of a Q&A community, and why the Q&A community of other Internet companies has not been able to do it is because their number of users is too small.

Yahoo naturally has such advantages. ”

While Yahoo executives were struggling with Yahoo's impressive Q&A data, Quora launched Quorapedia based on Nupedia.

All users are allowed to edit the content of Quora Encyclopedia, but after you edit the content, it does not mean that it will become the official content of Quora Encyclopedia for everyone to see.

For example, after you edit an entry, all editors of the entry will get the scoring permission together, and the editors will vote for the entry, but not for the entry they edited.

The content with the most votes will become the official content of the entry.

Of course, a manual review mechanism has also been introduced, for example, when the number of votes is similar, other senior users in the field will be invited to make judgments.

When the user has 5 official entries in the corresponding field, they will get all the permissions of the corresponding field of Quora and receive a silver badge for that field, which is used to distinguish it from the gold badge of the user who passed the exam.

"Welcome to Charlie Rose's talk show, and our guest today is Newman Zhou, known as the genius of Silicon Valley.

Recently, with the launch of Quora, Newman has become more and more popular in Silicon Valley, and all my friends in Silicon Valley are discussing Newman.

They agreed that Newman is the most outstanding product manager in Silicon Valley right now, and his idea has the magic of turning stones into gold, let's welcome Newman! ”

Yes, Zhou Xin also came to participate in Charlie Rose's talk show, in this era when Internet entertainment is not enough, TV talk shows have a strong influence.

Zhou Xin needs to expand his popularity in the minds of ordinary people, and at the same time highly bind his personal image to NewPay.

This is like Jackma is no longer the actual controller of Ant Group in later generations, and after the adjustment of voting rights, he lost the majority of the voting rights of Ant Group, even so, when people mention Ant and Alipay, the first thing that comes to mind is definitely Jackma.

Especially when you know that this company has a great possibility in the future, no, yes, certainly, Ameriken will find a way to kick him out.

The creation of this image also requires long-term operation.

"Hello everyone, I'm Newman, the founder of NewPay and Quora." Zhou Xin walked onto the stage wearing white short sleeves printed with the Matrix pattern.

"Did you forget something?" Charlie Rose wore very formal outfits, ranging from a black suit to a black bow tie and a white shirt.

Sitting with Zhou Xin, he is very similar to the staggered sense of time and space between a Broadway opera singer in the twenties and a Silicon Valley programmer in the twenties.

Zhou Xin smiled: "Well, maybe there is also the founder of Riot Games, these titles are not important to me. ”

Charlie Rose keenly captures the message: "What's your favourite title?" ”

"I'm a Ph.D. candidate at the University of California, Berkeley, and I'm a Ph.D. candidate at Berkeley in the field of integrated circuits." Zhou Xin replied.

In later life, what benefited him the most was this identity, and it was this identity that allowed him to come into contact with Lighthizer's grandson to join ZTE.

It is precisely because of this identity that he was able to obtain a large amount of angel investment when he established Xinxin Technology, and investors would not ask too much.

Charlie Ross applauded, and the audience applauded wildly: "It seems that our Silicon Valley ghost is reminding us that everything in Silicon Valley is just his side business." ”

The ghost wizard also means a wizard.

"Well, I interviewed Jerry Yang in this studio just a week ago, and I'm here today to interview his compatriot Newman, who is also a successful person in Silicon Valley.

In this studio, Jerry praised you as the best product manager in Silicon Valley, with a sense of insight into people's hearts.

Newman, what do you think of this, and what do you think of Jerry? ”

Zhou Xin thought for a while and said: "Jerry is also a very good product manager, as for whether he is excellent or not, I can't be both a judge and a contestant, which is unfair to both of us."

And my career as an Internet product manager has only just begun, so it's too early to tell.

Jerry is a nice person, and when Riot launched the electronics community, Jerry wanted to buy Riot Games for $300 million.

You know, I was a nobody at the time, and Yahoo could have made a gaming community on its own. But Jerry chose to talk to me about the acquisition. ”

Charlie Ross picked up the A4 paper with Zhou Xin in his hand and looked at it, then screamed, "You were only twenty years old when Riot e-Community was launched.

At the age of twenty, you can get $300 million, and you can't believe how good you are.

But you're right that you didn't choose to sell to Yahoo, and the Riot community is now valued at $2 billion. ”

Because Riot Games has not yet been listed, this valuation is the valuation given by the media, and there will be a big difference between the market value and the actual listing.

"So why didn't you consider a Yahoo acquisition at the time? Because you were already in contact with Bill Gates at that time? ”

Zhou Xin shook his head: "No, I just don't like to be acquired, I have a certain degree of control over the company I founded."

I'm not quite comfortable with an acquisition. ”

Charlie Rose nodded slightly: "I didn't like this feeling of being restrained when I was young, I can understand you very well."

Newman, did Yahoo Q&A stress you get before it went online?

In fact, I would like to know if Quora's paid Q&A feature has been available for a long time, just waiting for Yahoo Q&A to steal all the limelight before it is launched, or is it a coincidence that the paid Q&A feature is launched and Yahoo Q&A is going to coincide? ”

Zhou Xin: "Actually, I don't really care about what my competitors do, or what they want to do.

I don't care about that, I just care about how I can better serve my users and meet their needs, which is what I care about.

As for the question of whether it is a coincidence. ”

Another chapter! I'm too diligent

(End of chapter)