Chapter 116: Goldman Sachs, who eats more than one fish

In the future, when the vitality of the private economy was at its peak, it was also the time when the Internet giants had the strongest sense of existence, and the giants led by Ahri and Tencent frequently attacked in various fields and frantically expanded their influence territory.

Every Wuzhen summit attracts a lot of attention, and Zhou Xin plans to bring forward the timing of the Internet summit.

With $40 billion in cash in hand, Zhou Xin realized that he could do more.

From the perspective of semiconductor technology development, 40 billion US dollars is actually not much, even in this era, if all this money is invested in the development of the semiconductor field, it will greatly arouse the suspicion of Ameriken.

In addition, China has not yet joined the WTO, even if it is invested in the chip industry, its comparative advantage is not obvious.

Zhou Xin plans to invest in Huaguo's Internet industry in advance, and take himself as an example to tell Huaguo's Internet practitioners that the world is a broader stage, don't keep staring at the domestic one-third of an acre.

It was not until after 2016 that domestic Internet companies went overseas one after another, and this point in time was too late.

Including Huaguo's smart phones, they can also have a greater living space overseas, and the hardware and software, combined with the obscene development of the semiconductor industry, are the key to achieving the overall industrial upgrading.

The Internet Summit, which is scheduled to be held at the end of this year, is the best stage to disseminate ideas.

The man sitting across from Wu Shiqiang realized that it was Zhou Xin who was calling, and he immediately kept quiet and pricked up his ears, trying to hear a few words.

The world's second richest man, the richest man in Asia, the legend of making wealth on the Internet, for more than a year, it can't be said that it is a class leap, this is soaring in place, these things have put too much halo on Zhou Xin.

These halos have made the Internet practitioners in Zhongguancun directly deify Zhou Xin, and they are often Quora and Zhou Xin.

Wu Shiqiang pressed the button on the desktop, and then a slender and good-looking woman in a suit and skirt walked in: "Mr. Chen, I'm sorry, it's inconvenient for Mr. Wu to receive now, and I need to trouble you to go to the reception room for a while." ”

Wu Shiqiang made a gesture of please, usually he does not meet investors in his office, either in the reception room, or in the office building around the tea room.

Like a café, grab a laptop, and output a point of view at a meal, which is not the style now.

And even after 16 years, similar maker spaces and chain coffee shops will not meet the entrepreneurs here not the investors themselves, but some brokers, who first sift through the projects, a little bit of a head, and then they push them into the hands of really rich people.

As for really good projects, that's the entrepreneur and the investor.

Wu Shiqiang will meet each other in his office, also because the person recommended to him is very promising.

After the man surnamed Chen got up to leave, Wu Shiqiang continued: "Sorry, boss, I was meeting a guest in the office just now, and I have a few questions I want to ask.

The first question is what are our invitation criteria and who are we going to invite?

The second question is about the specific level, I am a little unsure, should I go to Yanjing City or the Ministry of Information Industry? ”

The Ministry of Information Industry is the predecessor of the Ministry of Industry and Information Technology, which was not established until 2008.

Zhou Xin said on the other end of the phone: "Find the Ministry of Information Industry, who to invite, you should know more about this in China than me."

I don't know what kind of Internet practitioners there are in China today.

I'll give a rough standard, based on the number of users, the scale of the enterprise, and the registered capital of the enterprise, you can invite if you meet the conditions.

At that time, I will also invite Internet practitioners from Americon to participate in this Internet Summit, which we need to make this the most famous conference in the Internet industry from 1999 to 2000, entering the new century. ”

After Wu Shiqiang got the news, he quickly contacted the relevant parties.

The other side is quite interested in this issue, and this kind of meeting is a political achievement for them.

Moreover, with the appeal of Zhou Xin, it is fully capable of making the Internet Conference a world Internet conference in the true sense of the word.

The China Internet Conference was first held in 2002, and the World Internet Conference, also known as the Wuzhen Summit, was not held until 2016.

Why is there so many years in between? To put it bluntly, if you still don't have enough strength and no appeal, how can you say that you hold an Internet conference with the participation of third world countries?

After Zhou Xin's proposal was put forward, the relevant parties quickly took action.

Zhou Xin's fame in the world, his influence in the Internet industry and his understanding of the Internet industry are obvious to all.

For the parties concerned, it is a political achievement picked up from the ground, and it should not be in vain.

Soon, about Zhou Xin's return to China at the end of the year and the holding of the Internet Conference at the turn of the century, it spread from Yanjing to Pengcheng, Shenhai, Hangcheng and other places.

Returning to China at the end of this year is not the same as returning to China at the end of the year when fake drugs are stopped, Zhou Xin's return to China is a real return.

There are no secrets in Yanjing, especially like this kind of explosive news, if you want to hold an Internet conference, you need to prepare for the meeting, and these need to be cumbersome arrangements.

It's impossible to keep it private, and there's no need to do so.

The Internet conference is not something to be seen.

Even Wu Shiqiang took the initiative to release the news through some channels, saying that Zhou Xin would look at some projects at the Internet conference and would directly invest in promising projects.

However, this kind of news is not to attract people to attend, but to consider the emerging investment he runs himself, in order to make the emerging investment more influential in the industry.

For an investment enterprise that has not invested in a single project within half a year since its establishment, it can only use this crooked and evil way.

As for the Internet conference, Zhou Xin's proposal and Zhou Xin's participation, and Zhou Xin's invitation to America's Internet entrepreneurs to participate, these elements combined are enough to attract Internet practitioners in China.

Hangcheng, "Lao Ma, I went to the Information Industry Department of Zhejiang Province to ask, and they said that they have not received the above notice yet."

However, people I am familiar with tell me that there is such a thing, but the specific industry standard for invitation has not yet been determined, and they don't know what the specific standard is. ”

"No matter what the standard, we Alibaba must participate in this conference, for the newly established Ahri, we need to make a name for ourselves in the same industry,

Second, we should refer to other Internet companies in the same industry on what they think and do about e-commerce, and what are the excellent experiences that we can learn from.

The most important point is that we have to listen, preferably, to meet the best entrepreneurs of the whole Blue Star, what his thinking is about the Internet industry, and what he thinks about the future of the Internet.

It's strategic, holistic thinking. This is the most important thing for us, we have no shortage of business logic and business development paths, which are clear to the eighteen of us that have been discussing for so long.

What we lack is experience in the specific implementation process, as well as the strategic thinking of the whole industry. ”

"Lao Ma, have you forgotten one thing, that is, maybe we go to the Internet conference and be taken by Zhou Xin, and he will directly give us a huge investment."

"There is such a possibility, but it is very small, Alibaba has only been established, a small company with a small name, why should others look at you?

Just by how many of us look?

However, it is not impossible, and by that time, maybe Alibaba has already made some achievements and will be looked at by others.

Now there is about half a year to go until the end of the year, and in half a year, everything can happen. ”

Conversations like this are not only happening at Alibaba, which is just being founded, but also at various Internet companies, and everyone is concerned about how to participate in the Internet conference at the end of the year.

Back at Ameriken, Zhou Xin also faced a big dilemma, that is, he was too short of talent.

Such a huge amount of cash is the biggest waste in the bank.

And he now has a lot of companies under his name, and he needs to set up an investment bank to manage this matter, but he doesn't have anyone to trust.

Bill Gates established the Bill Melinda Foundation to manage his vast estate, and Warren Buffett also has Berkshire.

He has nothing now.

Several candidates flashed in Zhou Xin's mind, Wu Shiqiang? Not capable of that. Jerrell? Not to be trusted. Warren Jensen? He really can.

As the former CFO of Amazon and Delta Air Lines, the other party has this ability.

At the same time, the other party has also worked under him for a long time, and there is a foundation of trust.

Coupled with legal and regulatory constraints, Warren Jensen is a good candidate.

It just so happens that NewPay can be handed over to Peter Thiel.

"Warren, you should know about the deal I made with Time Warner recently, right?" Zhou Xin found a well-known French restaurant around Berkeley to invite Warren Jensen to dinner.

Warren Jensen showed an incredulous expression: "Boss, I'm in San Francisco, not in a cave in the Himalayas.

How could I not have known such amazing news? This is a deal that is considered the deal of the century. ”

Time Magazine put a photo of two words shaking hands with Zhou Xin and Gerard Levine directly on the cover of the magazine, and these two words are: Big Deal.

"My friends in the financial industry were frantically calling me on the day the trading news broke, and they knew my boss was Newman.

They're all asking me if I know the inside story of the deal and why Time Warner is so crazy.

Later, after more details were revealed, Goldman Sachs was actually the biggest winner. ”

Zhou Xin wondered why he said this, and he knew that Goldman Sachs was leading the deal, because it was Jerrell who brought the Goldman Sachs committee members to meet him at that time.

"Why?" Zhou Xin asked.

Warren Jensen said: "Goldman Sachs is only one of the shareholders of Time Warner, and the shareholders behind Time Warner are Spielberg, the Saudi royal family, etc., these are all major shareholders, and Goldman Sachs' stake is not very high."

If Time Warner wants to buy Quora, it needs to prepare a lot of cash, and this can only be done by issuing additional shares to a large number of investors through the stock market.

To put it bluntly, investors are equivalent to buying Quora and Time Warner at the same time, which means that if you want to buy Quora, you must buy it with Time Warner.

Bundling of high-quality and low-quality assets. ”

In 1999, Time Warner was indeed not so high-quality, it was not famous, and the actual business situation was not good.

"You can see that Goldman Sachs led the listing of Quora, which means that Goldman Sachs is the undertaker, and they have to charge fees.

If Quora goes public by itself, it's hard to say whether Goldman Sachs can get the project, and even if they want to get the project, the handling fee is very low, generally between 3% and 5% of the funds raised.

But Time Warner raised funds by issuing additional shares in the open market, and Goldman Sachs will definitely not back down, and they will take 5%.

The 5% fee alone is shared by investors and former Time Warner shareholders.

After the completion of the transaction, Time Warner, an asset that had fallen into a backwater, was also revitalized, which was a multi-win for Goldman Sachs. ”

There is also a hidden point that Warren did not mention, which is to add another fire to the Nasdaq, allowing Goldman Sachs to have more time to retreat when the fire burns more vigorously.

Zhou Xin was speechless, he thought he was a big winner, but he didn't expect Goldman Sachs to also win, and he was still an entrepreneur who couldn't play finance.

"Goldman Sachs deserves to be Goldman Sachs, mediating among many parties to fight for its own best interests."

Warren Jensen nodded: "Goldman Sachs is the best at this, but their professionalism is indeed high enough, so there is no problem for you to find Goldman Sachs as the undertaker of Riot Games' listing." ”

Zhou Xin returned to the topic: "Warren, have you considered changing positions?" ”

Zhou Xin didn't wait for Warren to answer, and directly told the other party his idea: "Because I got a lot of money from Time Warner's acquisition of Quora."

And then I don't have a team of professionals to help me put that money, along with the properties under my name, including Riot Games, Newpay, Flamingo Game Development Company, etc., to help me set up a company and manage it all in one place.

I think about it, you are the best candidate.

I was very satisfied with your performance in the process of opening up the wasteland at Newpay, and now I would like to entrust this new task to you.

What do you think? ”

For Warren Jensen, it was definitely Newpay's job that was more interesting.

An asset management company like Zhou Xin's proposal, to put it bluntly, is boring, operates entirely around the will of the boss, and can be understood as a watchdog in the property field, without much autonomy.

And Newpay, just Newpay's daily transaction data, Warren Jensen can see a lot of valuable information from it.

Whether there is uncertainty at night, there is a need to drink at night, and whether you can write and move when you go home after drinking depends on the state.

Next week will be more than 6k per day.

(End of chapter)