The Millennium Semiconductor Survival Guide

"It will take time for the bubble to clear up. The financial crisis that swept across Asia last year has not yet emerged from the crisis in Southeast Asia.

The Nasdaq bubble can be seen as a continuation of the Asian financial crisis last year, and it will take time for the bubbles in the market value of Internet companies to slowly squeeze out.

The real value of the enterprise and the pricing in the capital market are two different things. In my opinion, this round of Nasdaq's decline will continue until it falls below the true value of Internet companies, even much lower than their true value.

The real value of a company is 10 billion US dollars. Affected by the bubble, its capital market pricing soared to 50 billion US dollars. In the process of clearing the bubble, 10 billion is probably not the end.

Its pricing will go to 5 billion, 2 billion, or even 1 billion US dollars.

Therefore, the Internet winter brought about by the clearing of the Nasdaq bubble will take longer than you expected.

So what I want to say is confidence. You need to have confidence in the process of waiting for the cold winter to pass.

As long as you think your business is promising and promising, stick to it.

There is no winter that will not pass, and no spring that will not come. "

The audience present also didn't feel deeply about Zhou Xin's words, and the Nasdaq index fell by 10%.

It's far from winter.

Some people even felt that Zhou Xin was alarmist and exaggerated the facts.

Is it possible to drop from 50 billion to 1 billion to 1/50 of the original market value? There was a big question mark in everyone's mind.

"Due to the coming of the cold winter, I plan to give you some investment. Everyone should know that I established an investment company in Huaguo, called Xinxing Investment.

The actual manager of Xinxing Investment is Wu Shiqiang, the bank manager who helped me when I promoted the earliest version of NewPay in San Francisco. He was the department manager of Hua Guo Bank San Francisco Branch at that time.

The office of Xinxing Investment is on the side of Financial Street. I believe that some entrepreneurs in the audience have seen Shiqiang and know the existence of Xinxing Investment.

But we haven’t invested any money yet, so when I returned to China this time, when Shiqiang and I talked about this matter, they said that entrepreneurs in Huaguo thought that emerging investment only listened to stories and didn’t spend money.

So this time during the Internet Conference, I will be at the nearby Marriott Hotel every afternoon, and I rented a conference hall there for a short period of time.

Investors are welcome to come and chat with me with your company introduction. I expect to invest 1 billion US dollars in China this time.

Of course, there is still a threshold for seeing me in the end. You have to send the company introduction to Xinxing Investment by email first. Shiqiang will do a preliminary screening, and I will screen again. Finally, I will notify Marriott one by one for a detailed chat.

The more detailed the company introduction, the better, including the resume of your founder team, the current product status, and what you plan to do in the future. The more detailed you write, the more accurate your judgment can be. "

After Zhou Xin finished speaking, the voices of conversation in the audience increased sharply.

Zhou Xin continued: "One more thing, although NewPay is my company, I require A/B shares when I attract investment, that is, the structure of the same share with different rights, but I can't accept it during the investment process. this structure.

But there is one situation, that is, your business has great potential. "

After Zhou Xin finished speaking, there was thunderous applause from the audience.

This belongs to the timely delivery of charcoal.

Affected by Nasdaq, many Internet companies have talked to the step of signing contracts, but the red light is turned on by investors.

Even the approval of the Asian region has been completed. As long as the American headquarters releases the loan, the transaction will be concluded, and the American headquarters will be delayed.

This kind of belonging contract has been signed, and the money is stuck in the dragging formula.

How can a start-up company have the energy and capital to fight a lawsuit, or a multinational lawsuit.

A billion dollars from emerging capital is a lifesaver for many companies.

Everyone was willing to chat with Wu Shiqiang before because the big boss behind him was rich.

Now that the big boss talks in person, the attraction is comparable to a direct lie from a boss.

In addition, this is an Internet conference officially hosted by Huaguo, Zhou Xin's speech in public, there is no possibility of not voting.

A boss at Zhou Xin's level would not copy their ideas.

As for whether the Internet winter is true or not, it doesn't affect their desire to get investment from Zhou Xin.

If the Internet winter is real, this is the only chance.

"Should we talk to Zhou Xin?" Even Jack Ma, who had just received five million dollars, couldn't resist the temptation and asked Cai Chongxin.

Cai Chongxin nodded fiercely: "Of course, do you know what it means to be in the foreign investment circle? His status is worse than God.

Newman is not only the top entrepreneur and entrepreneur, but also a first-class investor. It is rumored that he has a pair of eyes to see through the nature of the Internet.

No one in the Internet world would question Newman's decision. So far he has only invested in two companies, Google and Baidu. These two companies focus on search engine technology and have posed a great threat to Yahoo, accounting for half of the search engine market.

And I also believe Newman's judgment about the cold winter of the Internet. If this is really a cold winter, then the more ammunition reserves, the better.

Getting Newman's investment is of great benefit to our subsequent financing and listing. He has a very good relationship with Goldman Sachs.

In a word, even just chatting with Newman and hearing his views on B2B e-commerce has huge benefits.

More importantly, Newman should be the only investor who is likely to accept the AB share structure. "

Huaguo Internet has not yet proved its age, and Huaguo Internet founders are very unconfident in front of overseas investors.

As for not being selected, Cai Chongxin has never worried about this. Goldman Sachs' investment in Ali is the best proof.

Ari has just received five million dollars, and there is still room for choice. For the goose factory, there is no room for maneuver.

"Don't watch the next show, hurry back and prepare the proposal, Li Qing, go and inquire about Zhou Xin's preference.

We go back to the hotel to write the company introduction, and we need to be fast.

Forget it, Zhidong, you stay here and listen to what else they say, let's go back first. "The pony horse is in a hurry, there is nothing to do if you are not in a hurry.

If he can't get the investment, he will sell the house, and he will not sell it alone, but the entire Goose Factory founder team will sell it together.

Pony Ma is not confident that he can persuade everyone to sell a house and start a business with him.

If there is a choice, who would want to sell the pot and sell the iron to start a business? Isn't it good to take investors' money?

The peak dialogue on the stage was still going on, and there was already a large space in the audience.

Anyone who can come here to participate in the Internet Conference is not unreasonable.

Zhou Xin smiled awkwardly at the other three, spread his hands and said, "Sorry, I should announce this news after this event is over."

"It's okay, this is your freedom. A billion dollars is just a small number to you. Are you really optimistic about the great potential of Huaguo's Internet?" Bill Gates asked.

Zhou Xin nodded: "Yes, Huaguo has a population that far exceeds that of other countries. Although the number of people surfing the Internet is limited, the number of people surfing the Internet will increase as the price of computers decreases.

Moore's Law determines that this speed will be very fast. "

"Internet conference opened in Beijing

The Internet Conference opens in Beijing today, and the most interesting news of the day should be that Zhou Xin, the new richest man in Asia, announced a total investment quota of 1 billion US dollars, all of which will be invested in Internet companies in Huaguo."

"How do you evaluate Zhou Xin's announcement to invest one billion US dollars in an Internet company in Huaguo?"

"Zhou Xinqi, at a time when Wall Street and Silicon Valley are not optimistic about the Internet, stood up and announced that he would invest 1 billion US dollars in Internet companies in Huaguo.

I am now in Silicon Valley, and this news undoubtedly injected strong information into Huaguo Internet. When the Nasdaq opened just now, Huaguo Internet’s first stock, China.com, soared 41%.

As the only representative of Huaguo Internet concept, CDC's performance undoubtedly laid a good foundation for subsequent Huaguo Internet companies listed on NASDAQ.

For Huaguo Internet companies that have not yet been listed, or even have not received investment, it is also a major benefit. This is to give overseas capital the confidence to invest in Huaguo Internet.

After the Nasdaq opened today, China.com rose sharply, but it still couldn't stop the overall index from falling further.

In addition, unlike Zhou Xin's big investment in Huaguo Internet, another black swan was born in American today.

At 9 o'clock in the morning, Judge Thomas, who is in charge of prosecuting Microsoft's monopoly case, has just released a 207-page legal document, affirming that Microsoft's monopoly and suppression of competitors damage consumers.

This judgment is not different from the 1997 Microsoft monopoly case judgment. At that time, the court did not have enough direct evidence to prove that Microsoft was abusing its monopoly power, and in the end it only made Microsoft pay a fine of 2 million US dollars.

As soon as this document comes out, the highest judgment Microsoft faces may be split into two companies. Affected by this unexpected incident, Microsoft's market value plummeted by 30%, and the entire Nasdaq sector plummeted.

CDC is the only green stock among the stocks I am concerned about, and it is still rising.

The weekly new investment of US$1 billion is undoubtedly a major benefit, but I am cautiously optimistic about how effective this benefit will be in the general environment.

The trend of Nasdaq also cast a heavy shadow on the follow-up listing of the three major Chinese portals, Sohu, Netease and Sina. "

"I was at the internet conference today, and after Mr. Zhou announced the news, half of the people who walked through the conference were busy going back to write the company introduction.

Sitting in front of me is Wu Shiqiang, the founder of Xinxing Investment. As soon as Mr. Zhou finished speaking, Wu Shiqiang picked up the phone immediately. I guess he is also an Internet entrepreneur who has Mr. Wu's contact information.

After today's meeting agenda was all over, when I was chatting with other colleagues, everyone said that this is a timely help, and no one thinks that one billion dollars is too little.

Because I saw a saying today that compared with Mr. Zhou's net worth of 100 billion US dollars, 1 billion US dollars is too little.

What they mean is that the figure of 1 billion is an exaggeration, but it is not even one-hundredth of Mr. Zhou's net worth. This kind of talk is really disruptive.

Overseas capital, such as Goldman Sachs, has hundreds of billions of dollars in assets under management. Have they invested more than 100 million U.S. dollars in Huaguo Internet?

Moreover, at this difficult time, spending a billion dollars is really a kind of trust. Only money is used to express trust and support for Huaguo Internet. After this incident, I admire Mr. Zhou even more. "

In 1995, the asset management scale of Goldman Sachs was 52 billion U.S. dollars. In 1997, this figure became 165 billion U.S. dollars.

"The executives of our company are also writing a company introduction. I hope to have the opportunity to meet Mr. Zhou. I will come and talk to you about my feelings when I see you."

This is one of the hottest questions on the forum after the Internet Conference. Another question is: "How to see the peak conversations at the Internet Conference?"

"What Jerry Yang and Gerald talked about was dry stuff, about the real problems that would be encountered in the process of enterprise development, what they said was very practical, and what they could understand could avoid some pitfalls in the future.

Zhou Xin’s words are very false, his actions are very practical, and he is not ambiguous about what he belongs to. I have money, but everyone has no money now, right? Come to me for money.

The content of the talk, confidence, Internet people who can start a business have confidence, needless to say. No matter how confident a person asks him to gamble his entire family's fortune to start a business, he may not dare to do so with his words.

So I feel so empty.

As for Bill Gates, it’s no wonder he has been criticized by those in Silicon Valley. Before that, the information was not circulated enough, and he only had a halo. In fact, after listening to it, what he said was not as good as Gerald.

Because I listened to him when he came to Mizuki in 1997, and what he said this year is almost exactly the same as what he said three years ago.

To put it bluntly, Microsoft means that you innovate, and the more innovative you are, the better. If you don’t innovate, how can I have someone to learn from?

The problem is that the reference is not good. MSN is not comparable to Yahoo, and it is not comparable to AOL. I think he should think about it, he doesn't lack anything, someone has money and a lot of promotion and marketing resources, why the things they make are not good.

I don't recognize Microsoft's achievements, but they just can't do it in the Internet age. They have done a mess in the field of innovation, but they have been bewitching others to innovate. This is a bit ridiculous.

If Zhou Xin is the one who innovates today, I would be absolutely convinced.

I also wrote a company introduction to send to Wu Shiqiang. If I can meet Zhou Xin, I will tell you about my feelings in detail. "

Almost the entire Zhongguancun exploded because of Zhou Xin's words, and almost all Internet companies wanted to get investment from Zhou Xin.

He even wanted to grab the title of No. 1, Zhou Xin's first Internet company invested in Huaguo, what a title.

Pony Ma, Zhang Zhidong, Zeng Liqing and other early founders of Goose Factory gathered in a standard room in an unknown hotel in Yanjing.

Five young men gathered in a room, which seemed a bit crowded.

"Di~di~di~" Zeng Liqing's phone rang, and he answered it:

"Hello, who are you?

Got it, okay.

Don't worry, we will tell you as soon as we make progress. "

Pony turned his gaze from the laptop to Zeng Liqing, and asked, "Who is calling so late?"

I fell asleep, I updated 8k today, I had a meeting in the morning, and on the premise that I have to go to work tomorrow, I also updated 8k, and I was touched by my own efforts!

So I ask everyone to order monthly tickets, subscriptions and so on!