"Compared to before, I have a feeling that it is becoming easier and easier to get investment in Internet startups. In the past, only foreign capital was active in venture capital in Huaguo, but with the successive listing of domestic Internet companies on the NASDAQ and Hong Kong stocks, domestic private capital is slowly entering this market.

Based on my experience in Silicon Valley, there will be more and more active private capital in the future. Previously successful entrepreneurs, he is likely to make some investments in the Internet field after completing his wealth accumulation. Because he himself has succeeded in starting a business in the Internet field, and he knows this field very well.

Under such a premise, he will be more patient than ordinary investors, and he will have a better ability to judge the project itself. And this type of investor also brings more resources to the company itself.

For example, the new president, the new president is the best case, before the new investment in Tencent, no investment institutions are optimistic about Tencent, the only investment institutions willing to invest in Tencent, but also see Tencent as the benchmark product of ICQ, thinking that QQ may be valuable, and there may be companies willing to acquire QQ.

After the new investment in Tencent, whether it was the idea of QQ show, it almost immediately helped Tencent's original business find a profit model, or the product of the company QQ, which was also the idea of the new president, we just realized his idea through the product.

So much so that now, companies in Silicon Valley will copy our products, whether it is ICQ or Microsoft's MSN, they have launched their own enterprise instant messaging products.

At the same time, on the basis of enterprise instant messaging, we further rely on the platform of Mphone to create a mobile WeChat, forming a more complete ecology.

It can be said that except for the new president, Tencent would not be able to develop as well as it is today with any investor.

What I want to say is that successful entrepreneurs in the Internet industry may not be as strong as Xinzong in terms of product acumen and resource integration ability, but they will definitely be stronger than investment institutions in the financial field.

I am very optimistic about the future development of Chinese Internet enterprises, which often lack opportunities, and such opportunities will be more and more in the future. ”

After Pony finished speaking, the audience burst into warm applause.

The vast majority of those who will participate in the Internet conference are Internet practitioners, either entrepreneurs or executives of Internet companies.

Only a few are employees in government-related fields and investors in financial institutions.

For Internet practitioners, what they most hope to meet is an investor like Zhou Xin, who can provide help in all aspects.

In the past two years, which company has attracted the most attention is undoubtedly Tencent. Even if NetEase and Sohu have been listed on the Hong Kong stock market, they are not as much attention as Tencent.

Because Tencent is the only company in China's Internet industry that has been copied by Silicon Valley's business model. And under the direct competition of Microsoft, AOL, Yahoo and other Ameriticon Internet giants, Tencent went to Ameriken to conduct business, and competed with each other in the other party's homeland, not only was not defeated, but became more and more successful.

Almost everyone knows and understands Tencent's story from the propaganda of traditional media.

In addition, Tencent's QQ also has a large audience in China.

The Internet practitioners in the audience have speculated before, speculating that the company's QQ is Zhou Xin's handiwork, and Tencent staff have also leaked it on the Internet forum. This time it was an official certification.

Everyone is called an envy, jealousy and hatred, everyone is an Internet company, why do you take off instantly after getting the investment.

Before Zhou Xin's investment, who knew about Tencent? At most, I know QQ, but QQ itself has limited value. Why are investment institutions reluctant to invest, because ICQ has not found a profit model, so there are few companies to do this.

The promising field is the web portal, and the Internet entrepreneurs in China are flocking to make the web portal, and .com is the mainstream, which makes the entrepreneurs think that Tencent is picking up leaks.

It's just luck that I stepped on the tuyere. Only Tencent makes instant messaging software, and when Zhou Xin wants to invest in domestic instant messaging software, there is only Tencent as an option.

It is precisely because of the two cases of Tencent and Alibaba that Internet entrepreneurs and investment institutions have recognized Zhou Xin's vision and resources.

This has also led to Xinxing Investment becoming the hottest investment institution in China's Internet industry at present, and everyone wants to get investment from Zhou Xinshou, which alone is enough to sell the company's valuation up by 30% in follow-up financing.

Zhou Xin is very modest, not modest, and he does think like this in his heart: "Pony's words are a bit exaggerated.

Like enterprise QQ, I just put forward ideas, and the ideas themselves are not valuable, there are 1.3 billion people in China, and there will definitely be many people in these 1.3 billion people who have similar ideas to me.

Eventually, being able to bring this idea to life and turn it into a product is more important than the idea itself.

What I admire most about Tencent is its product strength, and what I put forward is a big concept. At that time, after I invested in Tencent, I told Pony that I thought that it might be a better direction for enterprises to do localized deployment of instant messaging software.

Then I put what core demands I need to solve for enterprise instant messaging software, what problems I pay attention to as a manager, and how can we solve these problems well.

In fact, I am standing at a relatively macro level to express my thoughts, and finally implement these requirements one by one, and turn them into functional points on the software, and ultimately rely on the entire Tencent team. I later regretted talking to Pony about my idea, and after talking to him, he had to email me every day to discuss the product details with me.

Pony would list the questions, 1, 2, 3, 4, 5, and so on, and he would list some very detailed questions, and he would know that I wouldn't read them all, so he would prioritize the questions and put them in the front row that he thought was important, and I didn't have the energy to answer every question.

So I'm going to pick and choose the questions that I know and that I think are more critical to answer. From the decision to do enterprise QQ to the final launch of enterprise QQ, we have sent at least hundreds of emails back and forth. ”

Ma Yun joked: "Newman, you are the world's top product manager, you are teaching Pony to make products one by one, which is indeed a bit too favoritous."

I knew I should have been cheeky enough to harass you every day. ”

Zhou Xin laughed: "I'm a little irritable, but when I think of Tencent, I hold shares, and helping Tencent is helping myself, so I will still take time out to reply to him every day."

And I seem to have been born with this talent, and I hardly need to think about what kind of Internet products should be made, and I can judge whether their approach is feasible or not with intuition. ”

Pony Ma has been in contact with Zhou Xin for a long time, and he is deeply touched by this. Because during the previous period, he would send emails to Zhou Xin almost every day, Pony found that Zhou Xin's reply time was concentrated at nine o'clock in the morning San Francisco time, and Pony would calculate the jet lag when he was still in China, and then send an email to Zhou Xin when it was almost nine o'clock.

Pony Ma found that no matter what type of question he had, Zhou Xin's reply was quick.

If rebirth is a talent, then Zhou Xin is really right.

Ma Huateng took over: "Before I contacted the new president, I didn't really understand how powerful the most powerful product manager is.

Later I found out that it was really amazing, and it was really a talent.

Everyone who has done Internet products knows that everyone will have different ideas about a function, and what kind of effect should be made is the best user experience and can best meet the needs of users.

Enterprise QQ is a B-end product, which is aimed at enterprise customers, which is completely different from personal QQ. We only need to pay attention to the ease of use of personal QQ, how the user feels cool we come, and the enterprise QQ needs to take into account the user experience and meet the needs of the daily operation of the enterprise at the same time.

It's very difficult to strike a balance in the middle, like stepping on a tightrope in the air, it's hard to find that balance.

We need to have a lot of discussions, and the product team will have different ideas, and many times Zhidong and Chenye, who are our founders, will have different ideas about the product.

We usually need to make demos with different effects, and then do a lot of use testing to finally determine which idea is more suitable.

And the new president was able to tell me what was the most suitable one for me based on my imagination. Sometimes I would say what we thought, sometimes I wouldn't, and the new general manager's email would describe what he thought was the most appropriate effect. Sometimes we thought of it, sometimes we didn't, and when we didn't think of it, it was even better than the idea that our team had been discussing together for a long time.

Of course, it's not all, maybe more than 90 percent, and we can use the new general idea directly.

Later, I didn't want to trouble the new president, firstly, because I was not too embarrassed to continue to disturb the new president with such high intensity, and secondly, I found that our team had formed a dependency mentality.

When we had a disagreement, the first thing we thought was to send an email to ask the new president. Then after the new president put forward his idea, everyone didn't want to argue anymore, and everyone subconsciously felt that they would follow the new president's idea. What else do demos do tests. This is not good for the enterprise itself to build a standardized workflow. ”

After Pony Ma finished speaking, the audience in the audience was discussing, because about Zhou Xin's keen insight into products, whether it was in magazines, celebrity interviews, or internal employees under Zhou Xin's name, everyone had seen reports from different sources.

Therefore, in the follow-up audience question session, the first question was: "Mr. Zhou, hello, I would like to ask you how to cultivate this kind of thinking about products, and for Internet practitioners like us, is there any way to improve the design ability of Internet products?" ”

Zhou Xin actually didn't know how to answer, because to put it bluntly, his ability came from standing on the shoulders of giants.

"I feel like my thinking is more of a gift, and I seem to have been born with the ability to capture the needs of users.

As for how to cultivate, I think it is more about the need for an experience, action-feedback-thinking-optimization, and there is such a progressive relationship in daily work to form a constantly improving thinking mode, which may be a more important point. ”

"Mr. Zhou, I would like to ask you, from the perspective of investors, what kind of companies do you prefer?" Everyone's concerns are similar.

Zhou Xin rarely returns to China, and he rarely appears in public, and it is very rare for entrepreneurs in Huaguo to have this opportunity to learn about his ideas.

Zhou Xin replied: "In many aspects, first of all, look at the people, the investment company is actually the investor, I will look at the founder team.

The second is the business model, because the business model needs to match the founder team, a highly competitive business model, then the founder team needs to have the ability to iterate quickly, and an emerging business model, which may require the founder team to have enough initiative.

Different business models, what I value about the founder team is different.

However, it is not of much use for you to ask me, I will not invest in person, and my ideas will not affect emerging investment, they have their own set of logic, you know Mr. Wu of emerging investment, you can ask him more.

He's progressing much faster than I have in the investment space, and I feel like my ideas are outdated. ”

"Mr. Lei, do you know Matrix and Mphone?" Zhou Xin asked.

After the summit forum of the day, Zhou Xin asked Lei Jun to have dinner alone in the evening.

Seamus is already old, he is not enough to support the development of Matrix in the next ten years, at the age of seventy, he has no problem in doing supply chain integration and selection, and there is no problem in doing some macro-level enterprise management.

But soon the entire smartphone industry will usher in a high degree of competition, one after another mobile phone manufacturers will fall behind, and in the end, only the top companies in the smartphone field will survive.

In such a highly competitive environment, Seamus is not old enough to cope with such fierce competition.

Therefore, Zhou Xin hopes to find a manager for Matrix, a manager with sufficient capabilities.

Obviously, Lei Jun is the first choice, as a mobile phone brand that can make Xiaomi from zero to the top four in China, Lei Jun's ability is beyond doubt. It can extend from Xiaomi to the entire smart ecology, although the Xiaomi grocery store is not good, but to be able to make this ecology itself requires a strong supply chain control ability.

So in Zhou Xin's opinion, Lei Jun is the best candidate and the most suitable candidate, and the current Lei Jun and Ximo are just right if they cooperate.

Seamus has experience, and Lei Jun is young enough and capable enough.

Coupled with Zhou Xin's strategic checks, he is confident that Matrix can crush Samsung and Apple in the smartphone era.

It also happens to put Rebus and Jobs head-to-head.

Lei Jun was a little excited when he received the invitation, could it be that Zhou Xin fell in love with Excellence.com?

At this time, Lei Jun was the CEO of Kingsoft and founded Joy.com, which is mainly engaged in e-commerce in the field of books and audio-visuals, and almost copied Amazon's business model.

(End of chapter)