Reborn 2005: The Internet Myth

Lei Jun summarized last year, and Wang Zheng mentioned this year's goals and needs.

Huoyun now has money, but lacks people. With so many businesses, it is impossible to operate without a large team.

The meeting ended quickly. After returning, each subsidiary and department had to make long-term and short-term plans based on their needs. This is a very complicated set of procedures, and it also tests the ability of managers.

Wang Zheng and Lei Jun returned to the president's office. Lei Jun looked at the minutes of the meeting and was speechless at the various businesses listed by Wang Zheng.

Lei Jun smiled bitterly and shook his head: "Mr. Wang, once these businesses are developed, we may be facing an encirclement and suppression."

If you are doing instant messaging, you will inevitably face Goose Factory directly. If you are doing online games, you will have to compete with Shengda and Old City. If you are doing terminals, you will face even greater competition. At least Lianxiang will definitely not be able to get around it.

After taking a sip of tea, Wang Zheng said disapprovingly: "We have technical advantages, so of course we have to do it. It's still the same way, you do the management, and I do the products."

With twenty years of leading experience, who dares to challenge Wang Zheng in terms of products?

Lei Jun nodded, having no doubt about this, and then asked: "If you want to expand in these industries, you need a huge amount of funds. The only way is to raise funds. This matter..."

Internet companies cannot do without financing.

In other words, Internet companies without financing cannot survive at all.

Because the development of the Internet industry in its early stages can only be described in two words: burning money.

It takes money to develop products, money to provide IDC services, money to attract traffic, and money to operate. A successful Internet company is basically burning money.

If the Goose Factory had not received financing, it would have been gone in 2003.

If the Thief Group hadn't raised US$200 million in 2003, it would never have been able to get off the ground.

If Qiandu had not received financing from Gu Ge, it would have been impossible for Qiandu to list on Midland.

Financing cannot be avoided when it comes to Huoyun Group.

Because financing brings not only funds to enterprises, but also channels.

Most investment institutions not only invest in your company, but the multiple companies they invest in and hold shares in will use the investment institution as a link to cooperate or merge, ultimately achieving profits for all parties.

Of course, investment institutions don’t give you money for free. What they need is a return, which is called exit in investment banking terms.

There are many channels for returns, such as the company selling shares on the market, management spending money to repurchase shares, other companies acquiring and selling shares, etc.

It should be noted that many well-known investment institutions in the domestic Internet industry, such as Hillhouse Capital, International Data Group (IDG), DFJ, Sequoia Capital, Capital Today, SoftBank and other investment institutions, have different sources of funds.

All are foreign-funded!

Hillhouse used foreign old money, and today’s capital uses foreign hot money, to name a few.

But without exception, foreign capitalists have grabbed a lot of interests belonging to Daxia through investment, holding, etc.

The actual situation is here, there is nothing we can do.

The Internet requires money, but there is no hot money in China—and no old money.

If you look at how much infrastructure has changed in China from 1998 to 2008, you can understand where the money is being spent.

Wang Zheng does not exclude financing.

He is patriotic, but not angry.

Just in 2006, foreign capital was able to value 365 at 3 billion, which is only 400 million US dollars. Just because it has 40 million users, it is worth this price!

In China, the valuation is as high as a small target. Let alone 30 million monthly revenue, 360 million a year is not enough to sell a piece of land.

The value starts to change from here.

Taking a sip of tea, Wang Zheng sighed: "Mr. Lei, just raise funds for non-core businesses and make plans in advance."

The competitiveness of 365 Navigation will definitely become weaker in the future.

Because once the browser kernel is open source, many manufacturers will start making their own browsers, which is unstoppable.

The browser embeds the navigation page directly. As long as the usage is not that outrageous, not many people are willing to change it - mainly because they can't change it.

Lei Jun heard this and said seriously: "I understand this. If Huoyun wants to develop according to your plan, the only way is mergers and acquisitions and financing. There is a funding gap of several billions, and I have to prepare for a rainy day."

"Don't worry, when necessary, the game business can be used for financing!"

Today, Wang Zheng was not in a hurry and went to the R&D center office on the 13th floor.

The R&D center is currently divided into four groups. The first group develops instant messaging, which is copied from Xiaoming IM and changes the functions to be more suitable for Internet users.

There are also groups for online games, SNS and operating systems.

The online game part has specific business. Xie Shengchuan brought back the IP authorization of "Counter-Strike" and they want to study the online version of this game.

There were only four people in the SNS department, including Lin Jue, the little artist at the time.

"Hello, Mr. Wang."

Lin Jue spotted Wang Zheng and stood up to say hello, and then the entire group also stood up to say hello.

Wang Zheng glanced at the computer screen and asked: "Are you building an SNS community?"

Didn't he just mention this project at the meeting today?

Lin Jue said with a smile: "Yes, the task assigned to us by Mr. Gong said that the company will definitely enter the SNS community business. Let's make an advance decision. Mr. Wang, can you help us take a look at this idea?"

Mr. Wang took a closer look and found that the design of the page must have been based on Facebook.

It’s no wonder that since Facebook set off a craze on foreign campuses and gained the favor of capital, it has been at the top.

In fact, there have been many copies of Facebook in China. Xiaonei.com and Kaixin.com, which were launched in 2005, are such products. They mainly provide users with an independent page. This page is managed by the user and can post photos, text, etc.

information.

This thing is really not suitable for Daxia users and cannot be used.

On the contrary, Midland's MySpace is more popular, and the domestic representative imitations are 51 Space and Penguin Space.

Secondly, Daxia people are relatively reserved and do not deliberately create their own heroic image.

This is completely different from the starting point of Facebook, which wants you to be the hero of your own life.

Wang Zheng shook his head and said: "There is no need to display such detailed information on a personal page."

Pointing to the interface drawn on the computer screen, he said: "Use more space to display the content expressed by users and which comments are more popular, instead of showing too much who the users are - interested people will find the answers themselves.

.”

Lin Jue seemed to understand, but not completely.

A bit confused.

Wang Zheng explained patiently: "The main function of an SNS community must be sharing and communication. Sharing is the core, and the basis of communication is the content shared by users."

"So in the final analysis, content is the foundation of the community. Think more about how to quickly produce, publish and display content. As for communication, just move the comment function over first."

Lin Jue blinked, Mr. Wang knew too much.

Wang Zheng came to the operating system development team again. There were six people, basically all around thirty-five years old. After all, at this time, there were really not many young people learning system development.

These few people have installed the Hongmeng system on their computers and are groping for it, but they can't find a clue for a while.

Wang Zheng was not surprised. After all, he had deleted too many things in this system, leaving only the bottom layer.

"In the past week, everyone will first get familiar with the system kernel. I will send a new programming language to you later for everyone to learn."

New language?

Several R&D big guys looked at each other. They had never seen the system kernel. It didn’t matter if it wasn’t Linux. Is there a new programming language?

Is Huoyun’s technical background a bit exaggerated?