The Millennium Semiconductor Survival Guide

Unlike Confiniti, NewPay has application scenarios first and then products.

Confinity is the predecessor of PayPal, co-founded by Max (avoid suspicion) Levchin, Peter Thiel and others.

As for Musk, Musk did not become the founder of paypal until March 2000. The company he founded was called X.com, an online financial services company.

After the merger of X.com and Confinity, the name was changed to PayPal.

Confiniti first had encryption technology, which basically allowed users to store encrypted information on handheld computers and PDAs, and then this product was called FieldLink, which used infrared ports to transmit information between products.

But there are no application scenarios in the early stage, and there are very few users who really need to encrypt information on PDA devices, and almost no one has this demand.

Including a person named Marty Hellman in the early creation team of Confinity, he is the inventor of public key encryption.

Now Marty Hermann has been poached to NewPay by Von Lewis.

Confiniti’s background is entirely an information security company, and they believe that their products are only valuable if they are applied in the field of electronic payment, so they transformed into electronic payment.

Merging with X.com is also because their products have no application scenarios.

But NewPay is different. It has a very clear application scenario, which is to buy video games.

The Riot Electronics community has more than half a million users.

Cao Yongluo was puzzled: "Electronic payment?

Is it more important than the electronic community?

However, if computers are further popularized and electronic payment can replace the needs of some banks in the future, then it is indeed very valuable. "

From the status of the bank, Cao Yongluo estimated that the electronic payment that can replace part of the bank's functions must have very high value.

But what the specific value is, he can't judge.

Zhou Xin: "We need to build a concept, you can not play games, read forums, but you can't not shop.

Once you have shopping needs, electronic shopping and electronic payment can replace traditional offline shopping methods.

The game forum is just a product of a subdivided field, and it has an upper limit.

But I don't see an upper limit for electronic payments. "

After Zhou Xin finished speaking, Cao Yongluo fell into thinking. He knew that Zhou Xin's ideas must be stronger than his, and he cherished the opportunity to learn from him.

The only Hua people who often come to Riot Games to find Zhou Xin are Cao Yongluo and Wu Shiqiang. Hu Zhengming usually does not come to the company to find Zhou Xin. He always waits for Zhou Xin to come to him in Berkeley.

Therefore, Cao Yongluo and Wu Shiqiang talked in private, including that Cao Yongluo is still well-known in the circle, and Wu Shiqiang has heard of him, so Wu Shiqiang talked about almost everything to Cao Yongluo.

The consensus reached by the two is that Zhou Xin's vision in the Internet industry is top-notch, and they need to learn each other's way of thinking.

"You can study the field of electronic payment and use our products at the same time, and you will gain new understanding."

It was already May at this time, and Riot Games adopted the previous style of play, sending a large number of emails to users to inform them of the existence of NewPay.

Because von Lewis works for Zhou Xin, the traditional verification code has not yet been invented, and the phenomenon of spam has not been curbed.

Riot Games has accumulated a large amount of user email data, and sending marketing emails to customers through these is not a problem at all.

"Your friend Peter Thiel just sent you some money! You now have $1 waiting for you in your NewPay account. Come visit today

, set up your NewPay account! "

After Max Levchin opened NewPay's website, he realized that something was wrong.

Soon he received a call from Peter Thiel: "Look at the email I sent you."

Max replied: "I see, NewPay, I just opened their website."

Peter Thiel replied: "Yes, they are also an electronic payment company, and Marty went to work there.

Their products are logically similar to the products we designed, which means we crashed.

At this critical time point, NewPay is likely to affect our financing.

If Nokia Ventures and Deutsche Bank realized the potential of NewPay, they probably would not choose to invest in Confiniti. "

While experiencing NewPay, Max replied: "Aren't our negotiations with Nokia Ventures and Deutsche Bank coming to an end?

NewPay's expansion speed should not be so fast. "

If there is no NewPay, Confiniti will hold a press conference two months later. At the press conference, they will accept $3 million in venture capital from Deutsche Bank and Nokia Venture Capital through electronic payment.

This quickly caused a sensation at the time.

Peter Thiel's voice on the phone was a little anxious: "No, no, standing behind NewPay is Newman, the founder of Riot Games.

Today is the release date of "Plants vs. Zombies", and they have developed a series of means to promote NewPay.

After first registering a NewPay account, users who choose to use NewPay to purchase "Plants vs. Zombies" will enjoy a 20% discount.

They also have a promotional rewards program where they give $10 to all new signups, all you need to do is sign up for an account and link a credit card.

At the same time, if you recommend a new user to sign up for NewPay, the recommended person can also get $10.

A whole set of marketing mechanism can quickly realize the fission of users. "

Max covered his face with his hands. He likes Zhou Xin's products and games designed by Zhou Xin very much, but when the other party is your direct competitor, it doesn't feel good at all.

When Max fell silent, Peter on the other side of the phone was still chattering: "Any user who opens a NewPay account only needs an email address and a credit card.

After the user pays another person, the money will be automatically credited to the recipient's NewPay account, and the other party will receive an email notification, which is the email you just received.

The recipient can receive the money by check or by electronic transfer to a bank account. "

"Their products do not require a special handheld computer or a special infrared interface, that is to say, no mobile device is required, and only a computer is needed for online remittance operations."

Max said weakly on the other end of the phone: "Isn't this what we need to do after we get venture capital?

There are only three to four million users with Palm handheld computers, but nearly 50 million users with computers.

This market is not a magnitude. "

Peter was also frustrated: "That's right, so if the number of users of NewPay grows rapidly, investors will definitely reconsider their investment in us.

Don't doubt the smell of the vultures on Wall Street, especially Newman's NewPay. "

Procrastination is committed, old lazy dog