Reborn 2005: The Internet Myth

"I can't talk about greatness. I just understand how uncomfortable it is to have a dream but no way to realize it."

Dinner was at an orthodox Western restaurant, the taste was quite good, and the steak was very similar to Wang Zheng's taste.

Moreover, the table wine served in the store was also pretty good, so the two of them had a drink.

We didn’t talk about any serious business during the meal. After dinner, we found a cafe nearby, and then we officially talked about financing.

Elizabeth said: "Four days ago, we passed the review and launched a personal project. The developer hopes to raise US$10,000 to mass-produce a cat runner."

Wang Zheng didn't understand: "Cat treadmill?"

"Yes. Similar to a hamster roller that keeps hamsters running, this is a large roller that keeps cats running."

"So, it worked?"

Elizabeth said excitedly: "Yes, it only took three days to successfully raise US$125,000!"

Wang Zheng was speechless. He really couldn't understand the interest of the people in Midland.

"Our Ceanos blood testing service has also raised about 500,000 yuan, but it is still far from successful crowdfunding."

Wang Zheng said casually: "Don't worry, the right thing is always the right thing."

"Yes." Elizabeth took a sip of coffee and said happily: "Currently, Sequoia Capital is the most optimistic about crowdfunding. They hope to obtain 20% of the shares."

"But I think we shouldn't put all our eggs in one basket. This is not angel round investment. At least two to three venture capital institutions should be introduced to make the crowdfunding network develop better."

Wang Zheng also agreed with her idea. This girl would definitely not let the shares in her hand be worthless: "I knew you could do this well, Elizabeth. What is the current valuation?"

Elizabeth picked up the coffee cup and touched it lightly to Wang Zheng: "The post-money valuation is 20 million!"

Oops!

This is really a lot.

Wang Zheng still underestimated these investment banks. It was just an innovative model that could be imitated, so they dared to give such a high valuation.

Of course, the crowdfunding industry was indeed favored by capital at the very beginning, and Midland also had several similar websites.

The good times did not last long. With more and more defaults and more and more scammers, the industry became less popular.

The first round of financing was 20 million, which is a lot.

And it will take at least three or four rounds of financing. Although the shares in your hand will be diluted by then, the value will become higher.

Elizabeth put down her coffee cup and looked at Wang Zhengdao: "Justin, the venture capital institution requires us to release 10% of our shares as employee equity incentives. Do you agree with this?"

"Of course I agree." Wang Zheng said with a smile while drinking coffee.

This share must be retained. In order to ensure the company's stable development, most venture capital institutions will require the founders to reserve an option pool, which will be held by the management on behalf of the company.

In Silicon Valley, it is almost impossible to find an Internet company without option incentives.

"Okay. If we release 10% equally, you still have 63% and I still have 27%. If the venture capital institution takes another 15%, you will hold 52.5% and I will hold 22.5%."

"You will still be the major shareholder. Do you have any plans to implement preferential investment?"

Wang is the major shareholder. If he had money, he would have priority by investing 4 million to increase his shareholding.

But he definitely won’t invest in this project, there really isn’t much money left.

Of the 22 million U.S. dollars in his name, after allocating 10 million to each of the two companies, only 2 million was left. He spent nearly 500,000 on renting a house, buying a car, and living. Now he has more than 1 million U.S. dollars left on hand for

For emergency and other investments, there is really no need to invest on crowdfunding websites.

The investment of 100,000 plus creativity is now worth 9 million. This reporting ratio is good enough.

What's more, if additional investment is required, at least 4 million will be invested.

So he shook his head and pretended to be helpless and said: "All my funds have been invested in Meta and Ultron. I really don't have any extra funds to follow the investment."

Elizabeth said it didn't matter, and then said: "I know that Meta and Ultron have also condensed your dreams. I believe you will succeed."

"Thank you for understanding."

"Justin, it's been a real pleasure working with you. How about we celebrate somewhere else?"

Looking at the charm and connotation in the other person's eyes, uh...

If it weren't for the fact that her father now works for the American Energy Agency and her mother is a member of Congress, and plays a huge role in the certification and promotion of modular computer rooms, Wang Zhengzhen would not want to talk to her.

As soon as he went to work the next day, Wang Zheng sent Jim the contact information of Elizabeth's father, so that he could communicate with him in order to obtain the energy-saving product certification issued by the Energy Administration as soon as possible.

As for the exchange of interests, in the American League this can be shown clearly on the face.

Wang Zheng is working at Meta today. After the image compression technology was officially launched, it performed very well.

Although the IE browser cannot decode A2V, it does not require much effort to install an additional plug-in.

In the case of a surge in users, not only the bandwidth consumption is reduced a lot, but the data storage required is also reduced a lot.

The development team is actively processing the images uploaded by previous users. Once these are processed, there will even be surplus in the storage service purchased from IDC in the short term.

Today's Meta community business also needs a powerful intelligent recommendation algorithm.

There is no ready-made software to exploit this algorithm, so Wang Zheng decided to develop it himself.

One method can solve all problems. This intelligent recommendation algorithm will inevitably use basic algorithms such as parallel algorithms, big data analysis and mining algorithms, and deep learning algorithms.

He doesn't know how to use data models, but he has ready-made ones that he can apply.

The logic of the face comparison algorithm is to extract the facial features in the picture, convert them into specific characters in the feature library, analyze and search in the database, and find matching values.

Then replace facial features with hobby features, wouldn’t this become the prototype of an intelligent recommendation algorithm?

Who can do weak current projects and not know how to use some opportunistic methods?

Besides, the company has hired so many people, and there are three or four dedicated algorithm engineers. If some people don’t use them, their wages will be in vain.

Wang Zheng breaks down the logic of the intelligent recommendation algorithm, and distributes the parts he doesn’t understand, and tries to write the parts he understands himself.

Just learn and copy at the same time, that's how most people's abilities come from.

Of course, intelligent recommendation algorithms are a double-edged sword.

Since we want to build a database, it is necessary to collect all behavioral data of each user in the Meta community. When this data is large enough...

To be honest, users will have no privacy at all.

Therefore, data protection will also become a crucial issue. At the very least, this data should not be taken away by the government or sold by the company.

By the afternoon, good news also came from Daxia.

"Ding Ding Farm" was successfully developed.

At the beginning of the development of this game, Wang Zheng specifically authorized the development of two versions, English and Chinese.

In addition to setting a four-hour withering period, the concept of "stealing vegetables" has been deliberately abandoned in China, and instead it is called "helping farmers."

In foreign countries, people only steal food and help farmers.

The concept of stealing vegetables in this game comes from Daxia Sichuan, where some areas have the custom of stealing vegetables during the Lantern Festival.

What you steal is the homophonic word for "cai", which means good luck in the coming year. And at most you just pick up a handful and leave. Different vegetables have different auspicious meanings.

Once it became popular, it changed its flavor - when did the obviously derogatory term "stealing food" become a matter of course?

The custom is called stealing vegetables, why should a cartoon game teach people to steal vegetables?