As an electronic payment company, with the development of the Internet industry, people will become more and more aware of the importance of the electronic payment field.

Giants like Apple are also trying to build their own electronic payment applications in the future. Not to mention Amazon and eBay, which naturally have an advantage.

Therefore, NewPay's current advantage is only a first-mover advantage, this advantage is not obvious, if NewPay does not introduce more investors, all in the hands of Zhou Xinju, the future development will only become more and more limited.

Therefore, Zhou Xin has always welcomed NewPay's introduction of external investment, and he wants to kick out Goldman Sachs and Morgan because Goldman Sachs and Morgan have very few individual customers, and their individual customers are all big money customers.

Zhou Xin hopes that his investors will be banks that focus on personal business, online shopping companies such as Amazon and eBay, and insurance companies that focus on personal business.

Goldman Sachs and Morgan are very limited in the field of NewPay's future development.

After these two institutions entered, they became more and more aware of the value of NewPay, and in the short term, it was difficult to get them out.

Zhou Xin thought to himself: It seems that we can only wait until the NASDAQ bubble bursts.

After Time Warner's deal of the century to acquire Quora, Zhou Xin realized that the Nasdaq bubble might be bursting soon after this acquisition.

In the words of Huaguo, this is called burning with oil, and flowers must be a precursor to decay.

After Time Warner's sky-high acquisition of Quora, Wu Shiqiang's life was better, not looking at the face of the monk and looking at the face of the Buddha, and the boss behind him was a rich man second only to Bill Gates in the world.

Will emerging capital run out of money?

The entrepreneurs who ignored Wu Shiqiang before began to greet him with a smile again.

Zhou Xinxin casually leaked a little breadcrumb to them, which was also an unimaginable astronomical amount for them.

"Mr. Wu, the main benchmark of our project is Quora, our product is called Zhihu, which is mainly aimed at domestic student groups in the early stage, such as college students, graduate students and even doctors, and at the same time invited the first batch of famous professors from 985 universities in the country to enter Zhihu.

At present, it is mainly an invitation system, one user can invite three users, and we regularly issue registration verification codes to the student union of the university.

At present, it is mainly aimed at the elite group in China, and we currently have a total of nearly 10,000 users, which is our project plan. ”

Wu Shiqiang is helpless, and he is an investor who wants to benchmark Quora, which was recommended by his friend and said that it is very reliable.

As a result, this is completely unreliable, from the business model to the application scenario, it completely imitates Quora.

Wu Shiqiang doesn't look down on similar projects at all, and in his opinion, it is difficult for other knowledge quiz communities to find a living space.

Whether it is capital, the number of users, or the activity of the community, these new companies cannot be compared with the big factories at all.

In Wu Shiqiang's view, if an Internet company wants to have room for growth, the most important thing is their model innovation, which is a business form that Huaguo Internet does not have.

In this way, he can invest in helping enterprises grow rapidly and avoid being plagiarized by large companies to achieve overtaking.

He picked it up and flipped through a few pages and asked, "I took a preliminary look and your model is very similar to Quora." ”

Sitting opposite Wu Shiqiang, the man in a suit and leather shoes who couldn't hide his childishness said: "Yes, I won't tell you, we almost borrowed Quora's model.

In other words, the success of Quora, Zhouxin's predecessor, has given us too many incentives for Chinese Internet practitioners.

During this time, nine out of ten entrepreneurial projects in Zhongguancun were knowledge quiz communities, and everyone wanted to become the next Quora. ”

Wu Shiqiang asked: "Sohu's suspicion and Sina's new question are ahead, what do you rely on to surpass him?"

At the same time, there are so many companies in the market that want to be a quiz community, what is your unique advantage? ”

The man replied: "Fox Suspicion and Xinwen have a limited lead, and the number of high-end users they gather is actually very small. ”

High-end users are also a concept that only came after the emergence of Quora, and high-end users in China at this time roughly refer to high-level intellectuals.

"Our advantage is that our founders have a lot of educational resources in the field, and to be honest, these university professors can only register accounts and answer questions on Zhihu.

In the future, we will let state-owned capital invest in our company, and then not only the professors of these 985 universities will enter our platform, but also the professors of well-known domestic universities and even all universities will register accounts on our platform.

Professors will even be assessed in terms of teaching quality, and they need to provide a sufficient number of likes to answer in order to pass the assessment.

Even if a professor contributes a high-quality answer per week, this is an advantage that other quiz communities don't have. ”

Wu Shiqiang understands in seconds, has rich educational resources, and can even include their community content in the assessment indicators, the top second generation of the education department.

There may be other areas as well, because there is also state-owned capital in the shares.

Wu Shiqiang asked: "In this case, why do you still need new capital to take shares?" Anyway, you can get state-owned capital to buy shares. ”

The other party smiled awkwardly: "Behind Xinxing Capital is Zhou Xin's predecessor, to put it bluntly, we want him to become our shareholder as well."

When we operate until the NASDAQ is listed, when we do roadshows, it can be said that we are Huaguo's Quora, and Zhou Xin's predecessors are our investors.

What a temptation for investors in Nasdaq, another masterpiece of Newman.

The name Newman alone is worth 500 million in Silicon Valley.

You think, it's a win-win, the emerging investments can be profitable, and we can go public more smoothly. ”

Wu Shiqiang understands, and to put it bluntly, he wants to use Zhou Xin's fame to cut Wall Street leeks.

"I can report your project to the boss, but the boss has been busy lately, and I can't guarantee whether he will look at your project.

As you know, our boss has been on various shows lately, and Riot Games is about to hit the market. ”

Quora was acquired and could not fundamentally reverse the predicament faced by Wu Shiqiang, in the final analysis, Quora is not his, he is also working for Zhou Xin, you can't come up with money to invest, and other entrepreneurs will have to ignore him sooner or later as before.

The man nodded wildly: "I understand, if there is any follow-up response, you tell me, if Zhou Xin's senior returns to China, you can match me in the middle and let me meet him, and I will give you this number." The other man held out five fingers.

Wu Shiqiang was thinking about how to answer, and the phone on his desk rang:

"Shiqiang, I read the research report you wrote, I will return to China during the Christmas holiday this year, and after meeting the leaders in Yanjing first, I want to hold an Internet summit.

The first phase of Emerging Capital is funded by 1 billion US dollars, which is fully funded by me.

The main purpose of our Internet Summit is for me to provide a platform for emerging capital to invest in Internet business in China.

This summit can be held once a year Internet industry conference, and you can convey my intention to the relevant parties, and we will host it together with the other party. ”

The subsequent Wuzhen summit was held in advance, which was beneficial and harmless.

After obtaining start-up capital, Zhou Xin will gradually shift most of his energy to semiconductor and physical industry entrepreneurship, and the Internet will basically only invest and not operate.

Huaguo has a vast market and countless promising enterprises, and emerging investors will get a piece of the pie.

More importantly, emerging capital serves as a bridge to make overseas capital aware of the vast investment potential of China.

The overseas capital here is not only European and American capital, but also Middle Eastern tycoons and sovereign investment funds of Southeast Asian countries.

Emerging capital gathers this money, and in addition to investing in the Internet industry, it can also invest in the semiconductor industry.

Zhou Xin plans to make some key enterprises, which need long-term investment and cannot see benefits in the short term, but once the benefits are realized, the semiconductor companies will be extremely amazing, mainly with their own funds, supplemented by external funds.

For example, lithography machines.

Some relatively less critical areas, such as semiconductor materials, EDA, chip design, packaging, etc., are completely funded by emerging investments and invested in Chinese enterprises.

This part of the work cycle is long, and after Zhou Xin plans to establish the association, he will start to poach people one after another, and then set up a company and start to start.

Taking the lithography machine as an example, he found Lin Benjian, even if Lin Benjian was willing to work with him, it would take at least three years from starting the project to taking out semi-finished products that could enter SMIC's industrial chain.

In the semiconductor industry, it does not mean that if your product is developed, there will be no problem, but it is only the first step, which means that you have no major problems in the laboratory simulation environment.

When it comes to production, there will be countless problems.

This is the moat of semiconductors, an industry that relies on a lot of manpower and time to feed experience.

The lithography machine you make needs to be verified a lot on the production side, and then optimized and iterated, and finally it can achieve the same yield rate as other lithography machines to be said to be successful.

Lithography machines with an 80% yield rate are meaningless, Nikon, Canon and ASML can achieve a yield rate of more than 95%, and if you can't reduce your costs, there will be no market for your products.

Zhou Xin's plan is to poach Lin Benjian, so that Nikon, ASML and Canon can only use 157nm F2 lasers, and they can't achieve a breakthrough if they are stuck at 157nm.

How much can you slow down the other person's progress.

Back to Wu Shiqiang's side, Wu Shiqiang, who received the call, was overjoyed, what was the most worrying thing after he was in charge of emerging investment? There are no bullets.

There are no projects and no bullets, so that entrepreneurs regard him as a plague god and retreat.

Now, it's the summit of the century again, and it's another billion-dollar investment.

It belongs to a family that has changed from a down-and-out family to a family.

None of the foreign investment institutions active in Zhongguancun have such an investment quota of $1 billion. At most, tens of millions of RMB for you to test the water.

"Okay, no problem, boss, I'll get in touch and send you the progress by email every week."

I don't know what to call this chapter, but when I write this chapter in a notebook at the high-speed rail station, there may be typos or incoherent sentences, and I will change it after I get off the train.

(End of chapter)