Investment Life

If a time node is to be set for the Internet to take off, 1995 must be the key. In this year, the success of Netscape and Yahoo officially unveiled a worldwide Internet boom. A thousand times the revenue is no longer a dream, but a goal pursued by every venture capitalist on Shashan Road.

Before returning to this era, Chen Yuanming never thought that the Internet had such a period of time. There is a fee to log in to the website, a fee to retrieve information, and a fee to send and receive email. AOL, the largest Internet provider in the United States, relies on this login model to earn benefits.

What contrasts with this charging model is the blankness of the browser market. At this time, there is no Microsoft ie. Everyone still uses the old and cumbersome browsing modes such as lib. Hypertext transfer protocol (http protocol) and hypertext markup language html have just been widely adopted. How to quickly and conveniently log on to the Internet is still a new topic. .

It can be said that before Yahoo, the Internet did not have a free concept. After Netscape's scape browser, the browser became one of the most indispensable components of the computer, opening the door of the personal computer to the Internet.

Now, Chen Yuanming owns shares of both. Although he knows very little about the details of the development of the Internet in this era, one thing is certain. The two companies will go public this year and next in succession, and will continue to become a legend in the history of finance. Legend.

The millions invested in these two companies can easily earn hundreds of millions in return. But to this day, Chen Yuanming's mentality is a little different from when he first set up Jinshi. Once upon a time, he only stayed on the financial level of these industries in Silicon Valley. Just like any pure Wall Street investor, he didn't care about the development of the industry, he didn't care about the company's future, he only pursued one point: arbitrage. It is his original intention how to grasp these companies that are bound to develop in the later stages as soon as possible and profit from them.

However, with the understanding of Silicon Valley and the establishment of a systematic business philosophy, Chen Yuanming's thoughts have unknowingly changed. Is the value of these companies solely on listing? I'm afraid not. Any pioneer should have an unparalleled advantage and occupy an amazing market. Yahoo for the time being, why did Netscape disappear in the eyes of people in the end?

He has also used the scape browser released by Netscape today. As far as operation is concerned, scape is not worse than later generations ie. Even if ie has won the market because of Microsoft's bundling, aren't there browsers like Firefox, Mavericks, Oppen, etc. that divide the market? Anyone who has used a computer should know how stigmatizing it is and how slow it is. If you ca n’t invade Microsoft ’s windows system, then choose a computer vendor such as Apple or Hewlett-Packard to let them start Installing scape should also be very simple. With some resistance, Netscape should not be uncompetitive with Microsoft.

In addition to removing Netscape, Chen Yuanming still has a large number of similar venture capital seeds on hand, such as icq, which already holds 85% of its shares. In the past two years, Chen Yuanming has invested nearly 2 million US dollars in icq, which has transformed it from a studio into an instant messaging company that has a truly independent server and is widely known. Since the free mode is still adopted, icq has been downloaded more than 10 million times, and has millions of registered users. Yahoo ’s homepage link has made it even more powerful, and its popularity has increased linearly. However, such a huge communication software, Chen Yuanming has not been able to come up with a profitable method.

Want to rely on membership system and value-added games to make money like Tencent? But today's Internet speed limits this method. In a low-speed era of dial-up Internet access, it is impractical to hang online and play games online. At the same time, we must also guard against surprise attacks from other big software vendors, such as Microsoft's future MSN system. If it just promotes its listing and waits for the acquisition of a large company, it may not take so much time, but Tencent's success lies in front of it, and it is really worth the loss to abandon such a potential company and marry others.

How to effectively integrate these companies and make them play a greater potential role has become the focus of Chen Yuanming's recent attention. At the same time, in order to resolve this embarrassment as soon as possible, a new round of casting nets has also slowly spread.

This time, it is not the seed companies that are waiting to be fed, but the real talent recruitment. Today's Silicon Valley is far from the heyday of the Internet bubble, and a large number of talents are flowing from universities in the United States to Silicon Valley. Establishing your own talent reserve system has become the second priority of Dianshi.

One business they made was the recruitment of the research department of Ericsson.

Entrusted by Xiao Yun, Dianjinshi contacted several executives of go company that year and talked to them about the current plan of Ericsson. Such a visit really surprised and delighted the industry elites who had just suffered from Waterloo.

If Yahoo and Netscape have jointly created the myth of the venture capital industry, then the experience of Go is undoubtedly an epic disaster film in the field of venture capital. It took 7 years, raised more than 5 rounds of financing, consumed nearly 80 million US dollars of investment, and finally was closed by mergers and acquisitions, leaving nothing. All investments have been thrown away, extinguishing a wonderful dream beyond the times.

Such painful experiences are rare in today's Silicon Valley. Therefore, this batch of black horses in the industry has been listed on the blacklist of venture capital companies without exception. In the end, they failed to start a business again, but chose to enter other companies and integrate into the turbulent flow of Silicon Valley.

Therefore, the appearance of the point of gold brings out a bit of strange colors. You should know that the name of Jinshi is quite different from that of a year ago. Although there has been no actual gain, no one can beat the promotion of Dianshi on the Internet. As one of Yahoo's main investors, its logo is now hung at the bottom of the page of this world's first portal. It also has Blizzard and Eagle's Nest fueling it. In the Internet and gaming circles, its reputation is far from Better than any other angel investment company.

This promotion effect has attracted the attention of many people and has been ridiculed by many people. Just like Yahoo, icq, which has no means to make money, Amazon, which whimsically sells books online, and small studios like this. In some people's mouths, Dianshi has become an out-of-the-box "waste acquisition station", specifically looking for seed companies that lack practical value. Therefore, such an angel investment company came to the door, these go veterans will inevitably have a bit of inexplicable taste.

What's more important is what it brings, an invitation letter from distant China.

At this time, the relationship between China and the United States was still in an ambiguous period, and it did not enter a true "bilateral relationship" until 1990. Although in Silicon Valley, many people have heard of the collaborative relationship between IBM and Lenovo, they have actually come to work in China. There are very few. How can it be surprising that a Chinese company—or a mobile phone company—sees the door.

His invitation at the time was really exciting. Quite reasonable salary and excellent treatment, they are still engaged in pen input method research for which they have spent several years of hard work. It ’s just that this pen input method is not too different from their design. What this company needs is not a complex, real personal computer that can implement multiple functions, but a medium, a tool that replaces the keyboard and communicates human hands and computer systems. .

auzw.com For Westerners who use alphabetic languages, such a tool can be a bit unimaginable. But when I saw the square Chinese characters and the complicated Wubi keyboard that was so painful, this confusion became understood. China's huge population has become the last weight. In the end, Jonathan used his superb negotiation skills to get the technical invitation. Five former engineers from Go Company signed an agreement with a supervisor and set off on their journey to China.

Gold mines in Silicon Valley are still being mined, but what really impacted Chen Yuanming is another matter.

In early February, a message was sent from Blizzard. Mike recommended a new studio named dor to Chen Yuanming. Due to the considerable revenue, Blizzard has begun a new round of game development. This dor studio is where they are The colleagues met at the Chicago International Consumer Electronics Show, due to their similar interests and a high degree of resonance in the game concept, in the noble concept of heroes and heroes, Blizzard has now promised to provide up to $ 800,000 in funding to Dor Studio. Assistance to help them develop new products.

With such a large investment, it is natural to report to their main investors, and Chen Yuanming soon got the news. He is not familiar with the name of the studio, but he is not familiar with the games to be developed by this new studio.

Diablo.

This northern Blizzard's famous work finally surfaced. In response to Mike's puppet request, Chen Yuanming did not say half a word, but also took a day to go to Blizzard headquarters to meet with several founders of the dor studio.

Like Mike and Allen, the three founders of this studio are also passionate gaming lunatics, so the serious business meeting should eventually be reduced to an internal carnival mode. Today's Blizzard headquarters is not what it used to be, and the atmosphere of the university dormitory has been replaced by a serious studio, but this environment has not affected everyone's enthusiasm. After talking briefly about the business, several people hurriedly started Chen Yuanming and started the game journey.

But this time they chose not a home-made computer game, but moved out of the TV set, and found a boxy box from the corner, and plugged it into the TV set.

Looking at Chen Yuanming's dazed expression, Mike shook the gamepad in his hand and smiled.

"How about, haven't you seen this? The latest game console released in Japan is not yet available in the United States. I asked a Japanese friend to get it. This thing is called playstation, which is a new generation of video game console produced by Sony. . I think some of the games we develop in the future can also be ported to this. In terms of graphics, it is not worse than a personal computer. "

Looking at the small box in which Fang Fang was in vain, Chen Yuanming was speechless for a long time. He really forgot the existence of this thing. One is likely to break Fei Yan's dominance in the optical disc field.

(End of this chapter)

The author has something to say: Huh, today is not busy, hurry up and make this chapter thicker> _

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