Rebirth of the Age of Wealth

Chapter 629 Lighthouse and Torch

Most of the venture capital management companies with Li Weidong as a limited partner were located in Beijing, Shanghai, and Shenzhen, the most prosperous cities in the country at this time, and there were especially many in Beijing, accounting for half of the company's investment department.

Hearing what Li Weidong said, they all nodded in agreement. What right did they have to refute what the big boss decided? Not only could they not refute, but they also strongly agreed.

In fact, even if Li Weidong does not emphasize at this time, these investors are still willing to invest in those who have successfully started a business and want to start a second business.

Success is an addictive thing. For those who have succeeded in starting a business, the probability of success will naturally be greatly increased if they start a business again. The risk of investing in such people is naturally low.

When Li Weidong saw so many people investing in the company, he couldn't help but say a few more words, "As venture investors, don't just look at the immediate gains and losses, but look further ahead. At this time, the valuation of the entire industry is returning to normal.

Good thing for you!"

"At the beginning of the year, the founders of a company with a valuation of 100 million felt it was undervalued and were unwilling to accept venture capital money. Now that the company has been developing for such a long time, the valuation has dropped to only 50 million, or even 20 or 30 million.

, if you are still waiting for the rice to be cooked, there is a risk that the capital chain will be broken at any time!"

"But for the company itself, there has not been a big change. It is in the start-up stage. When it is promoted, it is impossible to make money in the market. In other words, its basic market has not changed, and is even improving.

Yes, but the valuation is low!”

This is the game between venture capital and Internet companies, especially at the beginning of the year when the three major Internet portals were listed on Nasdaq on the same day.

Internet companies during that period were at their peak, but investment companies were at a disadvantage and might not be able to spend the money they had.

With the help of the craze for listing on the three major portals, various Internet companies have raised their valuations very high, and the risks are naturally extremely high.

When this industry became popular, all risks were ignored, including investment companies that focused on risk management and control, and became less cautious and began to vote with their feet.

After all, if you can invest in a listed company, the income will be quite large. Not to mention risking the guillotine, the income will be several times or ten times, even if you cut it into pieces.

Therefore, some Internet companies with core technologies or in a monopoly position in the industry are asking investors for increasingly higher prices, or even higher prices indefinitely.

But no one expected that since the listing of these three websites, the Nasdaq stock market began to collapse, and the Internet bubble was quite violent.

Of course, they had no idea that the bursting of this bubble would last so long. Even for a long period of time, no Chinese company would be able to be listed on Nasdaq.

As for the second board market that they have been thinking about, and has even been listed as a key work by the country this year, which is later the GEM, there is also news of postponement.

Although the relevant parties have refuted the rumors and said that "the rumors are not true", the Chinese people who are well versed in this know clearly that the rumors are groundless and the more they refute the rumors, the more problems they will have.

In just six months, China's venture capital market has undergone earth-shaking changes, and many projects that have signed agreements but have not received funding have been terminated.

As for those who are negotiating, investors are talking less and less, and the people attending the negotiations are getting younger and younger. The meaning is self-evident.

Even some shameless venture capital companies that have successfully invested still want to get their funds back.

In short, investment in the Internet has entered its darkest moment with the arrival of the cold winter in the industry, and the time to vote with your feet has begun again.

If an entrepreneur doesn't have a few skills and no real skills, it's simply wishful thinking to get investment at a reasonable valuation.

There are not many venture capitalists who are still active in the Internet industry. In addition to the Internet, there are many other high-tech industries. They would rather invest in some traditional industries than touch the Internet.

After all, listing a company to allow secondary investors to take over is regarded as the main way for investors to exit, but now this way seems to have no hope.

Money never sleeps, but money is also the smartest and will only flow to where the profits are greatest. Now it seems that if the Internet industry is not effectively repaired, investors will definitely wait for it.

But Li Weidong doesn't see it that way, because he has both forward and backward vision, and he can see the re-emergence of the Internet.

And he also has enough chips in his hands. Just like in the stock market, he sells at the high point, waits for the next low point to arrive, and calmly buys the bottom.

The cash he cashed out from listed companies in the United States is still lying in the bank, sleeping.

He has money and vision, so Li Weidong can swear by it!

Li Weidong continued to preach, "Moreover, as many companies have gone bankrupt and closed down, the competitiveness of the remaining companies has increased. If you place your bet at this time, the probability of hitting will be much greater!"

"This is how the leftovers are also saints. After elimination, the remaining ones are all awesome and worthy of your investment. This is much easier than casting a net to catch fish by yourself!"

"In addition, according to the latest statistics from the National Internet Information Center, China's Internet users have exceeded 20 million, and this number is still growing rapidly."

Li Weidong is very proud of this. Six months ago, he predicted that domestic Internet users would grow very rapidly, and now it has been confirmed.

I just don’t know what the various intellectuals who said he was bragging or even daydreaming are talking about now?

It is estimated that Li Weidong did not know, nor did he have the time or interest to know that those who did not criticize Li Weidong by name were cheering for the growth rate of Internet users, but he did not know whether the slap in the face hurt.

"However, although there are many Internet users, the business opportunities it brings are still basically at the stage of theoretical expectations, future fantasies, and even doubts!"

"That is to say, many Internet companies now lack an effective profit mechanism and find it difficult to find real profit points, which wastes huge Internet user resources!"

This is also a common problem among the majority of Internet companies. They have customers and content, but there seems to be no other profit model other than advertising fees.

After all, until now, there are still many elite people working on the Internet who believe that the core of the Internet should be sharing and free.

Charging users means a sharp decrease in the number of users, which is in too many contradictions with Internet companies that rely on venture capital funds.

After all, when many venture capital companies invest in Internet companies, what they value most is the number of users and daily active users. As long as these two data are high, it means that the website is valuable.

Some investment companies even use an extremely simple calculation method when investing, such as how much a user is worth, how many users the company has, and the rest is as simple as multiplying the unit price by the quantity, which is the knowledge of the third grade of elementary school!

This puts the entire industry into a profit paradox. It needs to rely on users to make profits, but it cannot allow users to spend money. Moreover, the cost of maintaining so many users is high.

There are even many companies that even restrict registration because they have no money to rent more servers. For example, Tencent in the previous life had the idea of ​​selling Tencent just because they had no money to rent servers.

"But now there may be an opportunity. As far as I know, the Ministry of Industry and Information Technology and several domestic operators are exploring a mobile Internet business operation model!"

"It is said that in order to investigate the operation of this project, the Ministry of Industry and Information Technology specially sent people to Europe, the United States and other countries to conduct inspections!"

"With reference to some foreign mobile Internet experiences, the plan for this project has been completed, and it is expected that opinions will be solicited soon. From the few words we have received so far, we can know that the launch of this plan cannot be done by the operators themselves, and you

The opportunity has come!"

"An opportunity for great development!" Li Weidong raised the wine glass in his hand and said, even though Monternet is rubbish, deducting fees and doing things randomly, but as far as he knows, Monternet has saved many companies and brought many businesses to the brink of collapse.

Businesses in dire straits come back to life.

For Chinese Internet companies that are struggling with not knowing how to collect money from netizens, the emergence of Monternet is undoubtedly a timely help, especially in this cold winter period, it is simply a ray of sunshine.

"Please remember that the current Internet industry is only in its initial stage of development anyway. At this time, even if you make a mistake, it is better than nothing!"

"If you make a mistake, you can accumulate experience for the next step in entrepreneurship. If you are afraid of choosing the wrong direction and do nothing, then you will only envy others!"

Li Weidong paused for a moment, feeling that what he said today could not be more clear. If he continued, his identity as a reborn person might be exposed.

Li Weidong took a sip of wine and continued: "Recently, there have been a lot of pig-killing egalitarianism on the Internet. The main reason may be because a certain rich man was investigated, and then there were people on the Internet who took the lead and discussed the original sin of capital and denied the society of entrepreneurs.

effect!"

"I think this is a bit unfounded. It may be because I have read too many martial arts novels. I always feel that killing the rich and helping the poor is a chivalrous act. But the consequences of doing so are so serious. This is denying the achievements of the past 20 years. No one can

I will agree!"

"If the money you put in your pocket is reasonable and legal, and not opportunistic, no one will notice whether your pig is fat or not, let alone kill the pig!"

"So I would like to advise everyone to be an upright person and an upright entrepreneur. Take what you should take, don't take what you shouldn't take, and keep your moral bottom line!"

"Okay, that's all I have to say. As long as you upright and be a good person, no one will abandon you!"

Li Weidong raised the wine glass in his hand, drank the wine in one gulp, and officially announced: "The dinner has officially begun!"

As soon as Li Weidong finished speaking, everyone also raised their glasses, and then there was warm applause. Li Weidong's words gave them reassurance. The company's major shareholders have confidence in the future, and the company naturally has confidence.

Chen Gu, who was standing at the door, heard Li Weidong's words and immediately nodded to the hotel vice president Zhang standing next to him and said: "Mr. Zhang, let's get started, have some snacks, don't make any mistakes!"

Naturally, Mr. Zhang heard what Li Weidong said, but the butler didn't speak, and he didn't dare to ask the staff to start serving the meal.

"Secretary Chen, don't worry, there will be no mistakes!" Mr. Zhang said with a charming smile, but he is a bit older and can barely be considered a MILF.

Then, his face became serious and he said into the intercom: "Let's get started. Be careful and don't make any mistakes. Whoever makes a problem will be fired!"

I guess the face-changing in Sichuan Opera is nothing more than that. This is still happening over the phone. What would it be like face to face?

Following Mr. Zhang's order, the waiter quickly walked in and started working.

Immediately afterwards, all kinds of delicacies from the mountains and seas were delivered to the table one after another. People at the dinner table also drank happily and talked about all kinds of romantic things. Because the boss asked, since it is a meal, just eat well and don't talk about it.

Work, let alone make irresponsible remarks on current affairs.

This night, there was a lot of drinking and eating, and the guests and hosts enjoyed themselves.

No matter how reserved Li Weidong was, he still drank a lot. Although he didn't drink too much, he still felt like he was hungover when he got up the next morning.

He originally made an appointment to watch the national flag raising with the children, but he didn't go. When he woke up, the five-star red flag had been flying in front of Tiananmen Square for two hours.

After breakfast, Li Weidong was invited to attend a seminar held by the company's investment department, and gave a speech that was insightful, wise, and powerful.

In Zheng Sijing's words, the chairman's speech is like a lighthouse on the sea and a torch in the night, guiding the direction of progress and the road of struggle for the work of the investment department.

We also decided to study the chairman's speech and make this content the top priority of the seminar. A thorough study will definitely make our seminar more effective with half the effort.

Li Weidong did not participate in the specific content of the seminar, so he had no way of knowing Zheng Sijing's decision, let alone stopping it.

It wasn't until the seminar ended, the meeting minutes were formed, and made the headlines of the company's internal newspaper that Li Weidong realized that Zheng Sijing was good at flattering.

While they were studying, Li Weidong, wearing sunglasses and a sunhat, was visiting major scenic spots and historic sites in the capital with the children.

There is a dedicated tour guide who explains every detail vividly and interestingly. Both adults and children are amused. The tour guide’s hard work seems to prove to Li Weidong that you hired us as a tour guide. Although we charge by the hour, this

The money is definitely not wasted.

It's just that Chinese people don't have the habit of tipping. If a foreigner gives it, it's a tip. If a Chinese person also gives it, it's an insult. I owe you this little money?

It’s natural to earn money from foreigners, but you may even want to call the other person a big fool in your heart!

In order not to insult these tour guides, Li Weidong never asked for rewards from beginning to end. After paying such a high tour guide fee, there was no need to insult them anymore.

There was a tour guide who boldly asked if we could take a photo with him, but Doubian pulled him over for a heart-to-heart talk and then left in disgrace.

Why do you still want to take a group photo? I don't have many photos with the chairman. You are the oldest one, Doubiang thought.

However, there was another tour guide who was very courageous and had many ideas. After recognizing Li Weidong, he talked about the project plan with Li Weidong.

This kind of operation made Li Weidong a little novel, but after listening to him talk, he also admired this person's idea.

(End of chapter)