"When I came to San Francisco about a year and a half ago, I had only $10,000 on me, of which $10,000 was given to me by a company in China called New Oriental.

If they hadn't given me 100,000 RMB, and I converted that 100,000 RMB into dollars, I wouldn't have come to Ameriken without a penny.

A year has passed, and with the market value of Riot Games being recognized by the market after its listing, my net worth should be tens of billions of dollars. I don't know how many tens of billions are exact, anyway, no Gates has money yet.

Many entrepreneurs will talk about how difficult they are at the celebration dinner on the same day after the company goes public, I don't like to talk about this, my life is not easy, but my entrepreneurial process is very smooth.

After I made Riot Games, Bill and Jerry were vying to give me money. As for why I chose Bill over Jerry, it was not because I liked Microsoft more, but because Bill only paid for it and didn't ask for it, and I couldn't meet Jerry's request.

He wanted Riot Games to be merged into Yahoo as a whole, and I still had a lot of feelings for the first company I founded, and I didn't want to sell myself to Yahoo just like that, and of course Yahoo's price was not high enough.

If Yahoo offered the same price as Time Warner, I don't think I would be able to refuse. After Quora was sold, Bill complained to me, saying why I sold to Time Warner, and he could have given it for $70 billion if he fought for it on Microsoft's board of directors.

I told Bill that it was mainly because I was a layman who had never seen so much money, and I was afraid that I would regret it if I agreed to Time Warner a second late.

Even Jerry complained to me that if I accepted the share swap and pushed for the merger of Quora and Yahoo, I could become Yahoo's largest shareholder.

At that time, I was thinking, I would have agreed to Time Warner later if I had known, and listened to the offers of Yahoo and Microsoft.

Being able to become the largest shareholder of a U.S. listed company is something I never thought about when I was still studying at Yenching University in China more than a year ago.

What I didn't expect was that not long after selling Quora to Time Warner, Riot Games' successful listing still made me the largest shareholder of a U.S. listed company. ”

On the day Riot Games went public, its stock price soared 30 percent, and its market value exceeded $20 billion, which is higher than the total market value of all offline game publishing channel companies listed on the U.S. stock market.

The day's celebratory dinner brought together Riot Games early employees, the management team, Goldman Sachs' team, and law firm executives who were responsible for the IPO process.

Zhou Xin, as the founder, delivered a celebration speech, and his humorous remarks made everyone present smile.

This is especially true for employees who have knowledge of Riot's early stage financing.

For Zhou Xin, it is true that the company he founded has never been listed on the NASDAQ.

If he successfully gets the technology transferred from Samsung to small and medium-sized enterprises, it is estimated that it will take up to one year, and after completing another round of financing, Xinxin Technology will be able to be listed on the GEM.

At that time, it was unrealistic to want to be listed on the NASDAQ, and there was no shortage of semiconductor companies at Ameriken.

"Of course, in the early days, I was still very short of money, and I got the start-up capital to start Riot Games by making Angry Birds, and there were Angry Birds dolls on the scene, and without this game, I wouldn't have Riot Games now.

The creative sources for Riot Online Game Store and NewPay also came from, and Stephen and Ashley and I tried to find a way to sell Angry Birds.

We thought it was a good game, and we talked to an offline channel at the time, and they said that they would take a minimum of 70% of the fee, which was unacceptable to us at the time.

That's why we decided to release Angry Birds ourselves, marketing them by sending mass emails to players.

Fortunately, the game itself is excellent, Stephen and Ashley are excellent game developers and designers, and I am the game planner, and it is our collaboration that makes this game good enough to be a success based solely on word of mouth.

At the same time, it made me realize the potential of online gaming channels, which is why Riot Games was born. If it weren't for the reluctance to compromise with offline game channels at the time, it wouldn't be as successful as it is today.

At that time, there was a shortage of money, because the Riot community was very popular, because the Riot community was a very interesting online forum with more and more users.

Relying on the money from selling Angry Birds to buy servers and bandwidth is about to become unbearable.

I was hoping to get financing, and I was lucky enough that Riot Games was so good that a lot of people wanted to put money at me, and Bill didn't even ask a question to buy a 40% stake from me at a $500 million valuation.

At the same time, we poured a total of $200 million into Riot Games, so that Riot Games came back to life, and it is alive and well to this day.

Bill, you valued Riot at $500 million at the time, and now it's worth $20 billion, and you're making a lot of money! You're going to have a few more drinks today! ”

Bill Gates held up his wine glass in the audience to indicate that it was okay.

Zhou Xin continued: "Before this IPO, I told our management that we need to raise a little more money this time, and we have too much to do.

We needed to upgrade our servers and bandwidth, we needed to open branches in Europe and Asia, and we needed to revamp Riot's stores and communities.

Riot Games has a team of only 200 people, and I'd like to see it increase to at least 500 people at Silicon Valley headquarters alone.

So I came to NASDAQ with the intention of asking for more money, but fortunately, the investors were very face-saving, and I raised a total of $2.5 billion.

It should be enough in the short term.

Thank you! Thank you so much! Today we are not only about money, but more importantly about trust and responsibility.

I've been asking myself the question: what shapes Riot Games. When I founded Riot Games more than a year ago, I knew that one day we would be standing here and going public on the NASDAQ.

Because we're doing things that have disrupted the entire video game industry, changed the way games are released, we've brought value to players, we've brought value to game development companies, and if Riot Games can't go public, what else can go public?

At the same time, I also felt the pressure because there were more people, and we were able to make a profit in our team of 200 people.

In the future, it will become 500 people, and with the addition of people in the European and Asian branches, it is expected to exceed 1,000 people.

The wages and operating costs of 1,000 people, to achieve profitability, this requires Riot Games to be higher.

But I can't stand Riot Games being a money-losing company.

I am able to stand here on behalf of Riot Games precisely because of the trust of investors, and I need to repay investors with good performance, rather than constantly burning money.

We're not in the expansion phase right now, we're the industry leader, and we're taking more than 80% of the market share of online game distribution.

I can tolerate the loss of money in the European and Asian branches, which is a process that must be experienced to open up new markets.

But I can't accept that we are losing money at the Americon market. In the future, I have a number of plans to monetize Riot Games. It will also tell the market through profits that Riot Games is on the right track.

Thank you so much to my team, who are driving Riot to market today, and without them, I wouldn't be standing here speaking today. When I first started Riot Games in 1998, I told our founders that we were going to do something different in the video game space, and we were going to revolutionize the video game landscape.

None of them thought I was crazy, but they told me that Newman believed he could do it.

We are very fortunate that in just one year, I led them, they assisted me, and we got here together.

In the future, let's witness that there is still a lot more that Riot can do. ”

Zhou Xin is still very emotional, listing is not difficult for him with future memories, and the emotion lies in the fact that this is a feeling he has never felt before.

In terms of difficulty in the future, it is the most difficult for a company to list on the big A, which is even higher than that of the U.S. stock market.

This is about difficulty, which does not mean that Big A is better than U.S. stocks, it is precisely because of the imperfect mechanism of Big A that it is difficult to list and delist.

At the scene of the celebration dinner, Zhou Xin could clearly feel that all the people around him who came to celebrate him were very sincere.

He can also clearly feel that the team is more cohesive.

Everyone has a share allotment, and going public means a sudden increase in wealth, so it's no wonder that there is no cohesion.

This kind of experience, which he had never had in his previous life, made Zhou Xin more identified with this era.

A world with easy mode open, for a high-IQ science and engineering man like Zhou Xin, it is easy to think of it as a virtual world.

But when he has more and more experiences that he has not had in his previous life, Zhou Xin will have a deeper understanding that this is a real world.

He will also realize that after he reaches this era, he may really be able to change the predicament encountered by Huaguo in the semiconductor field in the future.

"Newman, isn't that a good feeling? The day Microsoft went public was the most wonderful day of my life, and it meant the biggest reward for an entrepreneur in the previous stage.

I've talked to a lot of entrepreneur friends, and they all said that the day they went public was their happiest day.

Of course, this may not be the case for you, and the amount of money acquired by Time Warner is much higher than the market capitalization of Riot Games.

But what I want to say is that for a company like Riot Games, which has a certain monopoly nature, going public is only the first step, and there is still a long way to go.

My voting rights will definitely be on your side, and of course you are welcome to sell me Riot Games. Bill Gates walked up to Zhou Xin with a red wine glass and said.

Riot Games does not adopt an A/B share model, so after issuing 50 million shares, Zhou Xin lost a controlling stake.

Due to Zhou Xin's fame and founder's identity, the vast majority of investors will be on his side.

However, this kind of founder's bonus period is limited, and there are not a few cases of foreign founders being ousted by the board of directors of enterprises.

Most famously, Apple's board of directors ousted Steve Jobs.

If the company is not doing well during your tenure and the stock price is falling, it is easy to be kicked out by the board of directors.

Zhou Xin and Bill Gates touched each other and said: "I am a Chinese, and what Chinese people are best at is taking one step and seeing three steps."

In the short term, I am not worried about the development of Riot Games, but we have to worry about whether Riot Games will lead to a federal monopoly investigation. ”

In the process of Zhou Xin's rise, he brought a lot of profits to Wall Street and even Ameriken, although he himself ate the biggest piece of the cake, but Wall Street and the Americon government also got a lot of money.

Tens of billions of taxes have been paid alone.

Although the wool comes from the sheep, without Quora, investors will not pay for it.

In the short term, Zhou Xin is of great value to both China and Ameriken.

However, this does not prevent Ameriken from investigating and even forcing a split on the grounds of Riot's game monopoly.

Even a giant enterprise like Microsoft has experienced a similar break-up crisis more than once.

NewPay also occupies the vast majority of the market share, but the form of electronic payment determines that there will be no shortage of players in this market.

Even though NewPay has a 90% market share, there will still be a steady stream of players who want to enter the market.

This is like WeChat and Alipay occupied more than 90% of the market share at the peak of later generations, but UnionPay still relies on subsidies to survive.

The online game store is different, this belongs to other companies and finds that they can't play you, so they don't play.

Because the strong effect is particularly obvious in this field, companies with a high market share can grasp the initiative in communicating with game developers, and can get more rights to launch good games.

It can also stabilize the 30% share ratio.

For enterprises with a small number of users, the average operating cost per customer is significant.

Therefore, Zhou Xin is only worried that Riot Games will be investigated by the anti-monopoly game, NewPay will lose the only payment scenario he can master, and then the electronic payment market will be slowly eroded.

In the end, it was reluctantly acquired.

Instead of selling NewPay at a good price at its peak, as he envisioned.

Bill Gates said: "Don't worry, at least for the time being.

No one knows what will happen in the future, and Riot's current size is not yet looked down upon by the Federal Antitrust Investigation Bureau. ”

The big chapter of 3.8k, and the two chapters of today add up to 6k!

(End of chapter)