My Fintech Empire

Jingxinju villa living room.

Hou Junda nodded and said: "Indeed, Hummingbird Video is a P2P model copied from Kuaibo, because the operating cost of the website will be much lower."

Fang Hongerlang raised his legs, poured out a sigh of relief, and said slowly: "From a technical perspective, P2P video technology is a breakthrough in the field of video playback, and Kuaibo is just an individual in this technology field, and there are reasons to believe that P2P technology It won't fall easily, but..."

When talking about this, Fang Hong changed the subject, looked at Hou Junda and added: "Have you thought about these questions?"

Hou Junda humbly said: "Please advise!"

When he came here, his friend Qin Feng said that Fang Hong is not an ordinary investor. His insights on the Internet industry are rare in the entire industry, and he is not an investor who does not know technology.

Fang Hong held up a finger and said lightly: "First, video transmission is the core technology of video websites, and any far-sighted video website will not hand over the core technology to other companies."

Then Fang Hong raised his second finger and said, "Secondly, Kuaibo's mode cannot disseminate content through a single channel. If you put your own original program on Kuaibo, then as long as you use other websites of Kuaibo, theoretically, you can Can play your program simultaneously."

Fang Hong held up his third finger and said: "Thirdly, the online playback provided by video websites without plug-ins is the future trend, and the prerequisite for using fast broadcast is to install browser plug-ins, which is not easy for most users. Unacceptable, so that the installation rate is at least below 50%, even if the installation rate of other browser plug-ins is not high."

Speaking of this, Fang Hong put down his hand and continued: "The last point, Kuaibo is very strong now, but what is it relying on? I think you know very well that such a bad impression is deeply ingrained, directly Affect the website image and advertising revenue, the most important thing is that a bad one will go in and step on the sewing machine."

Hou Junda hesitated to speak: "Uh..."

Fang Hong simply said: "The project you are working on is this, then I will not vote."

As soon as these words came out, both Hou Junda and Qin Feng were stunned.

Especially Hou Junda felt very embarrassed, feeling a little bit of joy begotten in his heart, he almost showed his excitement just now, but he didn't expect the turning point to be so fast and abrupt.

If he didn't hold back and showed his excitement ahead of time, he would have to buckle his toes in embarrassment right now.

Qin Feng was also speechless, even if he had words, he couldn't be right at this time!

But then Fang Hong said: "Have you paid attention to the news that Qunxing Capital recently spent more than 2 billion to buy more than 90,000 film and television copyrights?"

Hearing this, Hou Junda forced himself to nod his embarrassment and said, "I have indeed heard it. According to the news I have followed, plus the previous 20,000 copyrights, your company already holds more than 110,000 copyright resources. Basically, it can be said that the current Whether it is Youku, Tudou, Aiqiyi or other video sites, they are all infringements, and they are large-scale infringements, let alone Kuaibo.”

The news came out this Thursday, Qunxing Capital spent 2.3 billion to buy the online broadcast rights of more than 90,000 film and television dramas, plus the previous 20,000, it is a library resource of 110,000.

The copyright owner was afraid that Qunxing Capital would return, so he quickly signed the contract formally and put the money in his pocket.

In fact, both sides are afraid of the other's return.

Now that the dust has settled, Qunxing Capital has already started making payments, and in the next ten days or so, all the money will be sent to the major film and television entertainment manufacturers, and the major entertainment manufacturers will be satisfied if they can get hundreds of millions of cakes.

At this time, Fang Hong looked at Hou Junda and said, "Let's tell you the truth. Qunxing Capital spent more than 300 million yuan to buy 110,000 film library copyright resources. The outside world thinks that the company is hoarding the price difference in the future. Wrong, big mistake, Qunxing Capital is focusing on the field of online streaming video, and Yixing Media Group, a subsidiary of Qunxing, is planning a sub-project, which is Yixing Video."

After hearing this, Hou Junda was heartbroken and gave up any hope for this investment.

However, what Fang Hong said next made him feel astonished again. Fang Hong looked at Hou Junda and said, "Well, Yixing Video is now stuck in the planning book. I will directly include your team and let you and your team How about taking charge of the project of Yixing Video?"

Hou Junda was surprised: "What? Do it for my team?"

Hearing Fang Hong said that he directly recruited his team to make Yixing Video, he was shocked on the spot. Qunxing Capital has now spent more than 3 billion to buy 110,000 film and television copyright library resources. Just by watching this, you can know that Yixing Video How big is it.

Fang Hong said again: "That's right, let you and your team do it, but your team has to sign a performance-to-performance betting agreement with Qunxing Capital."

At this moment, Hou Junda's heart was throbbing, the rhythm of taking off on the spot when it was really included, Yixing Video went directly to the benchmarking video sites such as Aiqiyi and Youku.

The key is to rely on the rich and powerful father of the funder like Qunxing Capital!

Hearing the performance-to-bet agreement, Hou Junda suppressed his excitement and said, "Please tell me."

Fang Hong nodded and said: "Yixing Video will be a wholly-owned subsidiary of Yixing Media Group, and will be financially independent and not consolidated with the parent company. One of the goals in the future is to go public on the A-share market. "

As an Internet company, it is basically impossible for Yixing Video to go through the normal process of landing on the big A, so it can only go through the backdoor listing.

Fang Hong went on to say: "The main content of performance-based betting is to take out 15% of Yixing Media's equity package and share it with your team. How to share this 15% equity package is up to you. Anyway, 15% of the equity package is allocated to you." You, decide how to divide between you and your team. In return, your team will increase the number of users of Yixing Video to more than 300 million before the end of 2012, and become the largest online streaming video website in China. Both goals must be met.”

All employees are recruited, and the equity still needs to be divided, because working for yourself is always more exciting than working for others. Hou Junda's team thinks that they are working for themselves when they have equity, and they naturally focus on striving for performance.

When Hou Junda heard this, he immediately calculated an account in his mind. At present, the total number of users of domestic online video sites has just exceeded 200 million, and the number of domestic Internet users is only 338 million. However, depending on the size of the national population, the number of Internet users will exceed 500 million should not be difficult.

Fang Hong also said: "In addition, within the deadline of 2012, when the user scale of Yixing Video exceeds 50 million, your team can share an additional 100 million cash bonus package; the user scale reaches 100 million When the user scale reaches 200 million, your team will get another 300 million cash bonus package; when the user scale reaches 300 million, your team will get another 500 million cash prize package."

After a short pause, Fang Hong added: "The 15% equity includes cash rewards, nothing else, the company will not pay you wages, only food and lodging for you."

This kind of requirement is obvious. It is to let the Hou Junda team have only one goal, to work hard to achieve the performance goal, to cash in the performance. With the equity and cash, it is basically enough to share the first 100 million bonus package. Let the team achieve lifelong financial freedom.

After a while, Hou Junda asked, "What if the bet fails?"

Fang Hong spread his hands and said with a smile: "The 15% equity package is gone, and all the cash rewards sent out must be returned with interest. In addition, a non-employment agreement must be signed. Counting from the day of resignation, the next three years shall not into the industry."

This is the punitive clause for the failure of the bet, especially the withdrawal of cash rewards. Suppose that in 2010, the number of users of Yixing Video reached 50 million and a bonus package of 100 million was shared, but it was not done in 2012. To reach the final performance target of 300 million users, then all the bonuses sent out must be returned, and the interest within two years must be calculated.

To put it bluntly, if you succeed in betting on performance, you will go directly to the pinnacle of your life, gaining both fame and fortune; if you fail, you will have nothing and you will have to bear a butt of debt, and you will be banned from entering the industry for three years.

At the current speed of iterative development of technology, a three-year ban on entry into the industry would basically be considered useless in this industry.

Once Hou Junda's team accepts this performance-to-bet agreement and signs it, they can only rush forward, even if there are tens of millions of paths, there is no way out.

The pressure can be imagined, but the temptation is also fatal.

Finally, Hou Junda said: "Mr. Fang, can you give me two days? I need to discuss with my team."

Fang Hong said without hesitation: "No problem, then give me an answer in three days."

...