"It takes time for the bubble to clear, and the countries of Southeast Asia have not yet come out of the financial crisis that swept through Asia last year.

The Nasdaq bubble can be seen as a continuation of last year's Asian financial crisis, and it will take time for the bubble in the market value of Internet companies to slowly squeeze out.

The true value of a company and the pricing of the capital market are two different things. In my opinion, this round of Nasdaq decline will continue until it falls below the true value of Internet companies, or even much lower than their real value.

The real value of a company is $10 billion, and its capital market pricing soared to $50 billion due to the bubble, and in the process of the bubble clearing, 10 billion is most likely not the end.

It's going to go to $5 billion, $2 billion, or even $1 billion.

Therefore, the Internet winter brought about by the clearing of the Nasdaq bubble will last longer than you expected.

So I'm talking about confidence, and you need to have faith in the process of waiting for the cold winter to pass.

As long as you think your business is promising and promising, stick with it.

There is no winter that will not pass, and there is no spring that will not come. ”

The audience was also not deeply touched by Zhou Xin's words, and the Nasdaq index fell by only 10%.

It's far from winter.

Some people even feel that Zhou Xin is alarmist and exaggerates the facts.

From 50 billion to 1 billion, it fell to one-50th of the original market capitalization, is it possible? A big question mark was drawn in everyone's hearts.

"Due to the arrival of winter, I intend to invest a little bit in you. As you all know, I set up an investment company in China called Xinxing Investment.

The actual manager of Xinxing Investment is Wu Shiqiang, the bank manager who helped me when I first promoted NewPay in San Francisco, and he was a department manager at the San Francisco branch of Huaguo Bank.

The office of Xinxing Investment is located on the financial street, and I believe that some entrepreneurs in the audience have seen Shiqiang and know that Xinxing Investment exists.

But we haven't invested money yet, so when I returned to China this time, Shiqiang told me about it, and they all said that the entrepreneurs in Huaguo thought that emerging investment only listened to stories and did not pay money.

So this time during the Internet conference, every afternoon I would be at the Marriott Hotel next door, where I rented a conference hall for a short time.

Investors are welcome to come to me with your company introduction, and I expect to invest $1 billion in China this time.

Of course, in the end, I still have a threshold, I have to send the company introduction to Xinxing Investment by email, Shiqiang will do a preliminary screening, I will screen again, and finally notify Marriott one by one to talk in detail.

The more detailed the company introduction, the better, including the resume of your founder team, the current status of the product, and what you plan to do in the future. ”

After Zhou Xin finished speaking, the voice of the audience suddenly increased.

Zhou Xin continued: "In addition, although NewPay, as my company, asked for A/B shares, that is, the structure of weighted voting rights of the same shares, when I invested in NewPay, I was not very able to accept this structure in the process of investment.

But there's a situation where your business has particular potential. ”

After Zhou Xin finished speaking, thunderous applause rang out from the audience.

This belongs to the charcoal in the snow.

Affected by the NASDAQ, many Internet companies have talked about signing contracts, but the investors have turned on a red light.

Even the Asian region has completed the approval, as long as the Ameriken headquarters lends money, the deal will be reached, and the Ameriken headquarters has all kinds of delays.

This kind of contract has been signed, and the money is stuck in the procrastination.

How can start-ups have the energy and capital to fight lawsuits, or transnational lawsuits.

$1 billion from emerging capital is a lifesaver for many companies.

Everyone was willing to talk to Wu Shiqiang before, also because the big boss behind him was rich.

Now the big boss talks in person, and the attraction is comparable to the boss's direct deception.

In addition, this is an Internet conference hosted by the Chinese government, and Zhou Xin's speech in public is not possible.

A big guy of Zhou Xin's level will not plagiarize their ideas.

As for whether the Internet winter is true or not, it does not affect their desire to get investment from Zhou Xinju.

If the Internet winter is real, then this is the only chance.

"Shall we talk to Zhou Xin?" Even Jack Ma, who only got five million dollars, couldn't resist the temptation and asked Tsai Chongxin.

Cai Chongxin nodded violently: "Of course, do you know what it means to be in the foreign investment circle?" His position is worse than that of God.

Newman is not only the top entrepreneur and entrepreneur, he is also a first-class investor, and he is rumored to have an eye that sees through the nature of the Internet.

No one in the Internet space would question the decision Newman made. So far, he has only invested in two companies, Google and Baidu, both of which focus on search engine technology and pose a great threat to Yahoo, each accounting for half of the search engine.

And I also believe Newman's judgment about the cold winter of the Internet, if this is really a cold winter, then the more abundant the reserves of ammunition, the better.

Getting Newman's investment will be of great benefit to our subsequent financing to listing, and he has a good relationship with Goldman Sachs.

In a word, even just having a chat with Newman and hearing what he has to say about B2B e-commerce is hugely beneficial.

More importantly, Newman is probably the only investor who is likely to accept an AB-share structure right now. ”

Huaguo Internet has not yet proven its own era, and Huaguo's Internet founders are very unconfident in front of overseas investors.

As for not being selected, Tsai Chongxin has never been worried about this, and Goldman Sachs' investment in Ahri is the best proof of this.

Ahri had just received five million dollars, and there was still room for choice, and for the goose factory, there was no room for maneuver.

"Don't watch the next show, hurry back and prepare the plan, Li Qing, you go and inquire, Zhou Xin's preferences.

We go back to the hotel to write a company introduction, and the speed should be fast.

Forget it, Zhidong, you stay here and listen to what they say, let's go back first. "Pony horses are in a hurry, no hurry, no way.

If you can't get the investment, you have to sell the house, and he doesn't sell it alone, but the entire founder team of the goose factory sells it together.

Pony Ma didn't have the confidence to persuade everyone to sell their houses and start a business with him.

If there is a choice, who would want to smash the pot and sell iron to start a business? Isn't it fragrant to take investors' money?

The pinnacle dialogue on the stage continued, and a large area was already vacated off the stage.

There is no one who can come here to participate in the Internet conference.

Zhou Xin smiled awkwardly at the other three and spread his hands, "I'm sorry, I should have announced this news after this event was over." ”

"It's okay, this is your freedom, a billion dollars is just a small number for you, are you really optimistic that Huaguo Internet has such great potential?" Bill Gates asked.

Zhou Xin nodded: "Yes, China has a population that far exceeds that of other countries, although the number of people who access the Internet is limited now, but the number of people who go online will increase with the reduction of the price of computers."

Moore's Law dictates that this speed will be very fast. ”

"The Internet Conference opened in Beijing

The Internet Conference opened in Beijing today, and the most eye-catching news of the day should be the announcement of a total investment of US$1 billion by Zhou Xin, the new richest man in Asia, all of which will be invested in Internet companies in China.

"How do you evaluate Zhou Xin's announcement of an investment of one billion dollars in Huaguo's Internet companies?"

Zhou Xinwei, at a time when Wall Street and Silicon Valley are not optimistic about the Internet, stood up and announced that he would invest $1 billion in Internet companies in China.

I'm in Silicon Valley now, and the news has undoubtedly injected strong information into Huaguo Internet, which just opened on the NASDAQ, and China.com, the first stock of Huaguo Internet, rose 41%.

As the only representative of the concept of Huaguo Internet, the performance of China.com has undoubtedly laid a good foundation for the subsequent Huaguo Internet companies listed on the NASDAQ.

It is also a major benefit for Huaguo Internet companies that have not yet been listed, or even have not received investment, which is the confidence of overseas capital to invest in Huaguo Internet.

After the opening of the Nasdaq today, China.com rose sharply, but it still couldn't stop the further decline of the overall index.

In addition, unlike Zhou Xin's large-scale investment in Huaguo Internet, there is another black swan born in Ameriken today.

At 9 a.m., Judge Thomas, who is responsible for prosecuting Microsoft's monopoly case, has just released a 207-page legal document that finds that Microsoft's monopoly and suppression of competitors hurt consumers.

This decision is not unlike the 1997 Microsoft monopoly decision, when the court did not have enough direct evidence to prove that Microsoft was abusing its monopoly power and ultimately only made Microsoft pay a $2 million fine.

As soon as this document comes out, the top verdict facing Microsoft is likely to be a split, splitting into two companies. As a result of this emergency, Microsoft's market capitalization plummeted by 30%, and the entire Nasdaq sector plummeted.

China.com is the only green stock I follow, and it's still rising.

Zhouxin's investment of $1 billion is undoubtedly a major positive, but I am cautiously optimistic about how much this benefit will play in the overall environment.

The trend of NASDAQ has also cast a thick shadow on the subsequent listing of China's three major portals, Sohu, NetEase and Sina. ”

"I was at the site of the Internet conference today, and after Mr. Zhou announced the news, half of the people at the entire conference site left, and I guess they were busy going back to write the company introduction.

In front of me sat Wu Shiqiang, the founder of Xinxing Investment, as soon as Mr. Zhou finished speaking, Wu Shiqiang immediately picked up the phone, and I guess it is also an Internet entrepreneur with Mr. Wu's contact information who is looking for him.

When I chatted with other colleagues after all the agenda of today's meeting was over, everyone said that this was a relief in the snow, and no one was too little for a billion dollars.

Because I have seen such a statement today, compared with Mr. Zhou's net worth of 100 billion US dollars, 1 billion US dollars is too little.

They mean that the figure of 1 billion is exaggerated, but it is not even one-100th of Zhou's total net worth, which is really a troublemaker.

Overseas capital, such as Goldman Sachs, has hundreds of billions of dollars in assets under management, and has invested more than $100 million in Huaguo Internet?

And at this difficult point in time, taking out a billion dollars is really a kind of trust, and it is only with money to express trust and support for the Internet in China, and I admire Mr. Zhou even more after this incident. ”

Goldman Sachs' AUM was $52 billion in '95, and that figure became $165 billion in '97, and no matter how bad it was in '99, it was more than $200 billion.

"Our company's executives are also writing company introductions, and I hope to have the opportunity to meet Mr. Zhou, and then come and talk to you about my feelings after we meet."

This is one of the most popular questions in the wake of the Internet Conference, along with the question of "How do you see the pinnacle dialogue at the Internet Conference?" ”

"Yang Zhiyuan and Gerald are talking about dry goods, which are the problems that will be encountered in the process of enterprise development, they are very practical, and if they can understand it, they can avoid some pits in the future.

Zhou Xin's words are very empty, the actions are very practical, and there is no ambiguity in belonging, I have money, and everyone has no money now, right? Come to me and get the money.

The content of the talk, confidence, Internet people who can start a business have confidence, and there is no need for him to say it. No matter how confident a person is, he wants to gamble his whole family's net worth to start a business, and he may not dare to do so.

So I feel very empty.

As for Bill Gates, no wonder he has been criticized by the gang in Silicon Valley, before the information was not enough to circulate, he only had a halo, in fact, after listening to it, what he said was not as good as Gerald.

I listened to it when he came to Mizuki in '97, and what he said this year is almost exactly the same as what he said three years ago.

To put it bluntly, Microsoft is that you innovate, and the more you innovate, the better, if you don't innovate, how can I have a reference object?

The problem is that it is not good to borrow, MSN is not to mention compared with Yahoo, and it is not comparable to AOL. I think he should think about it, he doesn't lack anything, someone has money and a lot of marketing resources, why can't he make something.

I don't admit Microsoft's achievements, but they just can't do it in the Internet era, and they have been making a mess in the field of innovation, but they have been tricking others into innovation, which is a bit funny.

If it is Zhou Xin who says innovation today, I am absolutely convinced.

I also wrote a company introduction to send to Wu Shiqiang, if I can meet Zhou Xin, I will tell you about my feelings in detail. ”

Almost the entire Zhongguancun exploded because of Zhou Xin's words, and almost all Internet companies wanted to get investment from Zhou Xin.

even wants to grab the title of No. 1, the first Internet company invested by Zhou Xin in Huaguo, what a good title.

Pony Ma, Zhang Zhidong, Zeng Liqing and other early founders of the goose factory team of five people gathered in a standard room in an unknown hotel in Yanjing.

Five young men were gathered in a room, which looked a little crowded.

"Drip~Drip~Drip~" Zeng Liqing's phone rang, and he picked up the phone:

"Hey, hello, who are you?

Got it, okay.

You can rest assured that we will be the first to tell you when we have progress. ”

Pony Ma turned his gaze from the laptop to Zeng Liqing and asked, "Who is calling so late?" ”

I slept, I changed 8k today, I had a meeting in the morning, and I had to go to work tomorrow, I also changed 8k, and I myself was touched by my own efforts!

So please come and order a monthly pass, subscribe or something!

(End of chapter)