"Newman, everybody's been waiting for you, and if I'm not mistaken, this should be your first time in New York and on Wall Street.

This is the financial center of the world, Wall Street has a very long history, and we are very happy to see new blood here today. Henry Paulson led a team at Goldman Sachs to welcome Zhou Xin at 85th Street 10004 in Manhattan's financial district.

Unlike Jerrell, who has hundreds of vice presidents at Goldman Sachs, Henry Paulson is a de facto executive at Goldman Sachs, one of nine members of the committee.

Goldman Sachs first established a management committee of eight members after George Dotty joined Goldman Sachs, which initially consisted of eight members, and later gradually increased to about 20 members.

Henry Paulson and Jon Cozan led the transformation of the Management Committee into an Executive Committee, again reducing the number of members to nine.

Henry Paulson is a real power figure at Goldman Sachs, ranking second on Goldman Sachs' executive committee.

He joined Goldman Sachs in 1974 and then jumped from Goldman Sachs to the Ameriken government in 2006 as Secretary of Finance. During his tenure as Treasury secretary, he sold off all of Goldman Sachs' shares, but during the financial crisis channeled $12.9 billion into Goldman Sachs through AIG's public funds, which were the largest recipients of AIG's public funds at the time.

It was Henry Paulson who single-handedly led Time Warner's acquisition of Quora.

After Time Warner was acquired, in just two months, its market value soared from $20 billion to $130 billion, surpassing Yahoo and becoming the first Internet company on the NASDAQ with a market value of more than 100 billion.

If you think of Time Warner as an Internet company.

The stock market has performed so well that Time Warner has not made any changes to Quora, and Quora's products and services remain the same.

In Time Warner's semi-annual report for the first half of the year, the number of paid subscribers of Quora, the number of subscribers to Quora Jinxuan, and Quora's profits are the most eye-catching parts of Time Warner's semi-annual report.

It was Quora's good performance that caused Time Warner's market value to soar, and this acquisition became another classic case of Henry Paulson.

Zhou Xin shook hands with Henry Paulson and a large group of Goldman Sachs executives behind him: "First time in New York."

New York is more prosperous than San Francisco, and it's nice to meet the elite of the financial world.

Before I came to America, I had the idea of working on Wall Street, thinking that if I didn't have a talent for research, Wall Street would be the best place for me. Because there are enough salaries here. ”

This was Zhou Xin's idea when he first went to Berkeley in his previous life, and he considered using his Ph.D. to work on Wall Street.

Later, I still forgot it, mainly because Zhou Xin felt that he was a little talented in integrated circuits, and since he was talented, there was no need to go to the financial industry.

Henry Paulson: "Newman, if it's a guy, the Goldman Sachs committee wouldn't mind having an extra position. ”

Speaking of Henry Paulson, fortunately, he became the Treasury Secretary in 2006, and he became the Treasury Secretary ten years later in 2016, and he may not be investigated after 2020.

During his tenure on the Goldman Sachs committee, he traveled to China more than 70 times, and the English media said he had close ties to the country's elite.

"Starting this afternoon, we will have a three-day roadshow on Wall Street for the next three days, and Wall Street investors are extremely enthusiastic when they hear that Newman is coming.

It's one of the most popular roadshows I've ever seen, and the investors I know are asking me when Newman is coming and remember to give them an invitation to the roadshow. ”

The roadshow will involve all the company's management team, not only the management team but also the accompanying day-to-day office staff.

Later, Zhou Shouzi, who became popular all over the world for his participation in the Tik Tok hearing, was previously an executive at Xiaomi.

During the Xiaomi roadshow, he took a group photo with six executives including Lei Jun and Lin Bin on Wall Street.

After a brief chat with Goldman Sachs, Aimo was Zhou Xin's secretary, responsible for helping him deal with large and small transactional work, and was poached by Zhou Xin from the earliest law firm.

Aimo was the first to treat Zhou Xin as an available object, and later watched Zhou Xin rise like a rocket, and realized that Zhou Xin was the best marriage partner she could reach, and she always wanted to have a breakthrough in her relationship with Zhou Xin.

It's just that Zhou Xin didn't seem to be tempted by her at all, so much so that Aimo wondered if he was not attractive enough.

After leaving Goldman Sachs, Aimo looked at Zhou Xin with adoring eyes, "Boss, generally other companies let Goldman Sachs be in charge of IPOs, and Goldman Sachs will help them conduct roadshows in Boston, Chicago, Los Angeles and New York, these major cities to stimulate investors' interest in the company and the IPO."

Because these cities also have corresponding financial institutions, there is a need to introduce this IPO project to a sufficient number of institutional investors, analysts, fund managers and hedge funds.

But Riot doesn't use it, just because Riot has the boss behind you, and Newman's name is the best proof of that. ”

Aimo has been in charge of the connection with Goldman Sachs, and she is also deeply involved in the listing of Riot Games, so she knows that it is normal for her to be so specific.

It feels good to be flattered by a beauty, but she has always been a beauty, and after more experience, in fact, it is just like that, Zhou Xin's immunity has been full: "Because of Time Warner's good stock price performance."

Coupled with the fact that Riot Games' IPO is not priced high, with a valuation of only $15 billion, there are too many Internet companies on the Nasdaq that have a higher market value than Riot Games, but they are far worse than Riot Games in terms of potential and current performance.

Therefore, participating in Riot Games' IPO fundraising is an opportunity for them to make money, and it is a big profit, and no one will have a hard time making money.

Not to mention that I'm holding an IPO roadshow in New York, and there are planes flying over from slightly larger cities. Even if I hold an IPO roadshow in Antarctica, there will be a large number of investors who come on icebreakers. ”

Riot plans to sell 50 million shares on the day of its launch, priced between $50 and $60 per share, for a total of about 300 million shares.

In other words, the valuation of Riot is between $15 billion and $18 billion.

With the whole bubble already blown, this valuation can be said to be very low.

"But it's still very powerful, the boss has only been around for a little more than a year, and the two companies you founded as a founder, Riot Games and Quora, have combined market capitalization to exceed 100 billion dollars.

This is already a very exaggerated figure. Aimo said.

If you can go to law school at American and get an internship at a law firm while you are still studying, you have to be at least middle-class at American. Since he was a child, because of his parents, Aimo has not seen any entrepreneurs.

But she has never seen such a successful and young entrepreneur as Zhou Xin. In Aimo's view, the only entrepreneur who can compare with Zhou Xin in the past 20 years after the rise of the Internet is Bill Gates.

Zhou Xin is now a representative of Silicon Valley, Bill Gates is not counted, he is in Seattle, Seattle is not only not in Silicon Valley, but there is still a long way to go from San Francisco.

"I've done two roadshows in New York before, and we've met a lot of professional investors in the first two days.

Today, it's an honor to host a roadshow on the NASDAQ exchange, where we can meet more investors and educate you about Riot's value proposition, our earnings and financial performance.

And what we will do in the future. ”

Usually the theme of the roadshow is the company's history and future plans, but since Riot Games really has no history to speak of, and its establishment is too short, Zhou's introduction focuses on future plans, revenue, and growth potential.

The first two days of the roadshow were held in the conference hall of the Wall Street Marriott Hotel, which can accommodate 300 people, and the investors who came to attend the conference hall were full.

During the course of the roadshow, Jerrell was repeatedly approached by people who expressed their desire to participate in Riot Games' IPO roadshow.

Later, Goldman Sachs saw that the three-day roadshow was too short, and the number of investors who wanted to come was far more than 900.

Therefore, the roadshow on the last day was simply changed to the NASDAQ exchange, where the venue was larger.

However, it can still only accommodate 1,000 people, and even when the entire venue is full, there is still a steady influx of people.

"Riot Games has only been around for a long time, and when we held our roadshow two days ago, the biggest question for investors was that there were a lot of companies that were doing online video game stores.

They give a lower percentage than Riot Games, which has a 30 percent share, and from what I've heard, the lowest percentage of online sales channels is 10 percent.

And there are not two online sales companies with such a low share ratio.

First of all, I'd like to introduce the value proposition of Riot Games, which will go some way to answering this question. ”

Three words appear on the PPT behind Zhou Xin: community, service, and feedback.

"I'm sure the investors here have some understanding of Riot Games, and know that Riot Games is made up of two main parts: the digital community and the online store.

Online stores are Riot's main source of profit, and the digital community doesn't have any profit points.

First of all, I would like to define a concept, that is, user stickiness, which refers to the frequency with which users continue to use Internet products or services when they use them.

According to Riot's internal data, more than 90% of Riot Community users visit the web for the second time after signing up.

For other gaming sites in the same industry, this figure is generally between 30% and 50%.

The next data comes from a survey of users who choose to buy a video game on Riot Games for the first time, and the next time they buy a video game, they first search for the game on Riot Games, which is also more than 90 percent.

In other words, the vast majority of users who have used Riot Games Store will have their first reaction when they buy a game again, "I want to buy it through Riot Games." ”

This is to make up for yesterday, and there will be more tonight

(End of chapter)