rebirth from small pockets

Regarding the Internet, people in 1999 actually had a relatively simple understanding.

Many ordinary people equate computers, that is, computers and the Internet, but in fact, computers and the Internet are actually two different things.

Computers are a very broad field, and it can even be said that as long as there is a CPU, that is, a processor, it can be counted as a computer.

Including refrigerators ~ washing machines and even the popular ordinary mobile phones, they can also be counted as part of the computer.

The Internet is actually an application direction in the computer field.

However, with the development of the Internet, this application direction has been studied by countless people, and in the end, countless results have naturally been obtained.

Some of these results are so big that they can even change the world, and some are actually very useless.

Among these useless parts, some are useless by their very existence, while others are made useless by those who research and apply them.

In fact~ in the research on computer Internet, most of them fall into the latter part of the "tasteless" part.

And only a handful of the former~ finally succeeded!

These successful people not only push the development of the computer Internet forward, but also make a lot of money themselves.

And those who lose often face the fate of trying to draw water from a bamboo basket but in vain.

But what I’m talking about here is the Internet industry after the Internet bubble burst.

Before this huge bubble burst, there were almost no failures in the entire Internet industry.

Yes ~ there are no losers!

It’s not that there were no useless products before this, but before the bubble burst, no one thought that what those people developed would be useless products that failed.

Or maybe. Even if some people know that it is tasteless, no one cares.

That’s right~ No one cares whether the things that are studied are good or bad, because that’s not important at all.

So what’s important? It’s the process and the result.

What is the process? It’s making money!

What is the result? How much money can be earned!

Many people know that the Internet bubble burst, but how exactly this thing burst, few ordinary people pay attention to it.

But that's right~ Except for those who study finance and economics, this thing is just a fun thing for ordinary people to watch.

In his previous life, Chen Li was also one of those people who watched the excitement, but he was one of those people who liked to get to the bottom of things.

After all, if you want to brag to your friends, if you know something that others don't know, you will naturally have to brag louder.

Therefore, Chen Li in his previous life learned some information about the birth and bursting of the Internet bubble from some novels and information on the Internet.

It's just a pity that Chen Li only saw this kind of information in his previous life. He really didn't remember it that clearly.

Chen Li only remembers that the Internet bubble burst started in 2000 and almost ended in 2001.

As for the specific reasons, Chen Li is not sure, but to sum it up, it is probably that countless people have been cut off by a bunch of capital.

Note~it’s countless people~and a bunch of capital!

After achieving some success in the development of the Internet in the early days, it quickly attracted a large number of investments from venture funds.

Because the Internet has brought about various new business models that were still impossible a few years ago, and all of this was not possible before, but it can be done now.

In the eyes of those venture funds, the Internet at this moment is like a dining table filled with cakes, waiting for countless people to taste the delicious cakes.

So everyone swarmed in and the seats where they could eat the cake were quickly occupied.

So what should we do? So some people who didn’t eat the cake started looking for new cakes, or maybe

Use more money to buy the positions that want to use the cake from those who originally occupied the positions.

So everyone fought for it, raised the price, and I followed the investment, and then the big cake of the Internet was raised by these people into a bigger and bigger one.

Foam!

How crazy is this cake before it bursts?

A business plan, a laptop, and a new business model relying on the Internet can swindle hundreds of thousands, millions, or even tens of millions of dollars from investors' pockets.

Even though these business models have very obvious loopholes, no one cares.

Because ~ everyone has the same idea, they don't care what the use of this thing is, they only care about whether it can make them money.

At that time, investing in the Internet was the best way to make money, if not one of them.

During this period, both those Internet companies that were profitable and those that did not even have sales were given various names by the capital parties and all kinds of incredible valuations were given.

Then various investors come in, raise the valuation, then go public, collect money, and cash out!

And the most exaggerated thing is that this kind of story happens almost every day on Nasdaq!

Almost every day, new Internet companies are listed on the market, and every Internet company listed on the market will create a large number of Internet rich people.

Precisely because stories like this are happening every day, the pie of the Internet is getting bigger and bigger.

It is said that at that time, whether it was the executives of the Fortune 500, street vendors or even waiters in restaurants, they were almost all discussing the same thing.

Stocks~especially stocks of Internet companies.

Any Internet company that goes public will quickly rise to a very exaggerated height. That kind of height is so exaggerated that it is simply beyond the imagination of ordinary people.

Chen Li read a post in his previous life. The author of that post was a Chinese who was studying in college in the United States at that time.

This guy went to college in the United States in 1998. He stayed in the United States for eight years and happened to experience the birth and burst of the Internet bubble.

This guy studied computer science~ It is said that nearly a quarter of the students in his class at that time were starting Internet businesses or working for Internet companies.

The reason for this was that there were too many various Internet companies at that time, and many companies could not even recruit more professional programmers.

This is so fucking crazy.

And that’s it~ It is said that this buddy has a classmate who worked part-time in an Internet company for three months, and then got part of the options.

These options were actually the remuneration for this classmate's part-time job, but this guy cleverly refused the company's salary and received a very small amount of stock instead.

However, the company went public a year later, and this friend, who was still a junior in college at the time, became a millionaire within three days.

Three months of part-time work~ and a millionaire. The change is just a small amount of stocks.

Such crazy things were common at that time.

And the most ridiculous thing is that these guys actually made money.

At first, a small number of people who held Internet stocks made money, and then the media reported it everywhere, which attracted more investors to join in, pushing the stock price to continue to rise.

The wealth effect has triggered further word-of-mouth communication among the media and people. More people are buying technology stocks, and stock prices have risen further. Human nature has become increasingly greedy and absurd under the ever-expanding wealth effect and media advocacy.

How absurd was this trend at that time?

It is said that many companies have found that they only need to add .com or something like that after the company's name, and then the company's stock price will rise 125% more than similar companies in the next few days.

The most exaggerated thing is that the real business of these companies has nothing to do with the Internet at all.

If these companies can be considered serious companies after all, then some companies are simply testing human intelligence.

For example, there is a listed company called Global Network, which was originally an online messaging system founded by two young people in their 20s.

This company has no income, and even the founder has no money to promote it.

But after this company met capital, everything became a bit miraculous.

The company had no revenue and was able to go public at $9 a share with the help of stock underwriters.

The most ridiculous thing is that the stock price of this company shot up to $97 as soon as it went public.

You know, a company like this would not even have passed the audit and investigation a few years ago.

In the eyes of Chen Li, who saw this information at the time, this absurd thing was probably a big joke!

But in the early days of the Internet bubble, God knows how many such things happened?

To be honest, when Chen Li in his previous life read this information, he actually viewed it as stories and jokes.

But now he is in 1999 when the Internet bubble is nearing its peak, so Chen Li is a little tempted.

In fact, at the beginning, even after meeting Ding Sanshi, Chen Li just thought about waiting for Wangnan to have problems and go get a handful of wool.

After all, the 100-fold profit of Netnam's stock from US$0.64 to US$70 is really too tempting.

If you invest one dollar, it will become a hundred dollars after more than a year.

If you invest one hundred dollars, it will turn into ten thousand dollars.

But what if Chen Li threw 10 million into it? That would be almost one billion!

Of course, this is just a hypothesis, and the specific operation is definitely not that simple.

But what is certain is that Chen Li is really tempted.

However, at that time, Chen Li didn’t want to take action until he went to the United States alone!

That's right~ That person is one of the founders of the newly founded Penguin Studio, and one of the original Five Tigers of Tencent

Lao Zeng!

This guy~ was originally bought by Chen Li and sent to the United States to examine the e-commerce market prospects and operating models.

At that time, Xiao Ma couldn't go to the United States because he was refused a visa, so he had to let Lao Zeng go there.

Brother Xiao Ma also found an acquaintance for Lao Zeng, otherwise Lao Zeng would be looking for a hammer if he was not familiar with the place.

But it was this acquaintance that Brother Xiao Ma found that almost made Chen Li's jaw drop.

Because ~ this acquaintance of Brother Xiao Ma directly sold his house for stock trading!

When Chen Li heard this, he thought he had guessed the outcome.

It's nothing more than a failure in stock trading ~ and then this guy lost everything.

But the words that came out of Lao Zeng’s mouth immediately brought Chen Li back to his previous life when he was reading stories about the Internet bubble period.

After this guy sold his house, he invested the proceeds in the stock market, and all he bought were technology stocks.

Then, in just three months, this guy's house was changed from the single-family house he sold before to the current apartment.

Don’t get me wrong~ This is not a step back, but a huge leap forward.

The concept of villa is actually relatively high-end in China. In fact, in countries with small populations in Europe and the United States, almost every household lives in a single-family building, which is what many people think of as a villa!

But in fact, the difference between a single-family house and a villa is huge.

Take that guy for example. His house is located in the suburbs of New York. It is an old house and the price is not expensive.

But the new apartment he bought is located in a prosperous area of ​​New York. Judging from the house price alone, its price is almost five times more expensive than the previous old house!

And this apartment is only a five-minute walk from where this guy works!

This is the gap~! And this gap~ is what this guy made in the stock market in three months using the money from selling his house before.

Moreover, this guy is extremely shrewd, and the most intuitive manifestation of this is that he is not greedy.

After earning an apartment and some savings, he successfully escaped from the stock market.

Even though the stocks he sold were still rising, he still didn't remember them and chose to get out in time.

In his words, he thinks this is abnormal. It is really abnormal!

Indeed~ just like what he said, this is indeed very abnormal. In fact, this guy is not as normal as he seems.

After all, if you were a normal person, how could you choose to sell your house and speculate in stocks?

So~ whether it’s the stock market~ or the stocks that are rising~ and this guy’s behavior of selling his house to speculate in the stock market.

Not normal!

So this guy got away in time~ Even if he quarreled with his wife, he still chose to get away.

But how many smart people are there like him?

Especially his reason~ Chen Li dares to say that there are definitely not many people in this world who can achieve the level of this guy.

Anyway, Chen Li in his previous life definitely couldn't do it.

In the face of extremely huge temptations, the greedy side of human beings will be fully reflected.

At that time, Lao Zeng told Chen Li this incident as an interesting story and a nice talk. However, when Chen Li heard this incident, he felt his body became a little cold.

Of course, he is not sympathizing with those crazy people who are about to lose everything. After all, you have chosen your own path, and you will naturally have to bear the consequences.

He just felt a little sad because of the absurdity of the matter itself!

However, after feeling sad for a while, Chen Li suddenly felt his blood surge.

Because he discovered that those spokespeople for capital were making a lot of money in this Internet bubble. That's why.

Why don't you take a bite yourself?