The Millennium Semiconductor Survival Guide

"The questions just now are all at the product level, or just for the Quora product.

For practitioners in Silicon Valley, each of Newman's products is worthy of in-depth study, starting with the earliest form of electronic payment. "

After Charlie finished speaking, an animation appeared on the screen behind him. The content of the animation was that after a person went to the bank to complete a transfer, he received a six-digit verification code on the computer.

"Newman creatively brought verification codes into this world, organically combining computers and mobile phones.

My friends in the financial industry all said that this is an incredible invention. SMS verification codes provide financial services with an unprecedented convenient and quick way to confirm rights.

In the past, we needed to confirm that a transaction required a password, a signature, and I needed to go to the scene to verify my identity to complete the transaction. Now we only need to pass the mobile phone verification code to complete the transaction clearly and without error.

More and more banks are considering forcing customers to bind their mobile phone numbers when they apply for bank cards.

More and more banks have applied for the patent of the SMS verification code from NewPay, and even now we see a string of six-digit numbers and letters in any place, and we will subconsciously associate it with the SMS verification code.

And this is just Newman's first idea, what an incredible thing.

Newman, how do you see this yourself? "

Zhou Xin was very proud of himself when he thought of bypassing traditional offline game distribution channels through SMS verification codes.

This method is equivalent to exploiting the loopholes of traditional payment and electronic payment, and found the backbone of the two.

The verification code was invented by Von Lewis, but it is impossible to verify who invented the SMS verification code. Twenty years later, this thing is almost flooded in all applications like water.

After a little thought, Zhou Xin said: "The SMS verification code is purely because I made "Angry Birds" at the time, and when we were discussing cooperation with the distribution channel, their commission was too high.

In order to avoid the commission, I came up with an idea on a brainwave.

I just didn't expect the SMS verification code to be so versatile. "

Zhou Xin paused for a moment and said: "It's like when Babbage invented the earliest computer, he never thought that the computer could be applied to such a wide range of scenarios in the future.

Most of the inventions in human history have come from a flash of inspiration in everyday life, and I just caught this flash of inspiration. "

Zhou Xin thought to himself, I have captured too many auras, and I have intercepted the river of auras for the next twenty years.

Charlie picked up the materials he was preparing and asked: "As of now, there are about 400 Internet companies in the entire American stock market, and about two-thirds of them are at a loss.

People think this is normal, because Internet companies have not yet found a stable profit model, and some people think that Internet companies that have not found a profit model cannot enjoy such a high valuation. What do you think of this? "

Zhou Xin knew that this was a bubble, but with his identity and the fact that Riot was still operating and listed, he couldn't burst the bubble:

"The Internet is definitely an invention that changes the entire era. The value market of Internet companies will give it a fair valuation. The market is cruel and fair.

People's patience is also limited. The market value of companies that have been unable to find their own profit model will drop, while the valuation of companies that can find their own profit model will naturally rise.

The Internet is a new thing. It was not until recent years that the entire market realized the value of Internet companies, and it is still in the initial stage of understanding the value.

Over time, Nasdaq, New York, and the American Stock Exchange will naturally form a complete and accurate valuation system for Internet companies.

Now the whole system and even the whole market are in the process of exploring. "

Charlie asked this question to pave the way for the next question: "But market value Internet companies you have established have found a stable profit model.

According to a report by the New York Times, in the past six months, the Riot Game Store has dominated about 30% of the game releases in the entire video game market, participated in more than 50% of the game releases, and about 90% of the game development. The company said it would consider Riot Games as their distribution channel.

I believe this number will rise as NewPay becomes more popular.

Relying on the release of the game, Riot Games is expected to achieve a profit of US$50 million in the first half of this year, and the market estimates him at close to US$10 billion. "

When the market closed on May 28, 1999, Amazon’s stock price per share was $2.97, with a total of about 6.88 billion shares and a market value of about $20 billion.

Although Riot Electronics Community has not been listed, Amazon has not achieved profitability at this time because it has achieved profitability, and the profitability is nowhere in sight.

The video game market is booming, and the Riot Electronics community and its own game store occupy an absolute leading position in this field.

In the field of online distribution channels for video games, Riot Games has a more obvious lead than Amazon in the field of online shopping at that time.

Amazon's competitors at the time were Ebay, but Fist had no competitors, and there were even voices within Microsoft that said they wanted to acquire Fist Games wholly.

Charlie continued: "The profit model of NewPay is also clear, the money deposited by users in the NewPay virtual account can be used for short-term arbitrage.

In fact, the business model is similar to that of a bank. You can not only do short-term arbitrage, but also asset allocation.

For example, the long-term stable part of the funds purchases long-term treasury bonds, and then allocates the working capital into monetary funds, or even uses part of the money for angel investment.

Such a configuration takes both benefits and risks into account.

Similarly, Quora also quickly found a profit model, earning income through paid question and answer commissions.

When other entrepreneurs in Silicon Valley first started their businesses, they seldom thought about how I would make a profit and how I would make money.

Most people do it first, and after getting angel investment, investors will force them to think about it.

But you don't need investors to force you at all, you have already thought about it.

From Silicon Valley to Wall Street, all investors are waving money to invest in you.

Even if you just write a word on paper and tell them, I want to do this, they will give you money without hesitation.

I'm curious, Newman, do you care about having a stable profit model in the process of starting a business? "

Zhou Xin's real idea is that I simply want to engage in electronic payment, and all industries revolve around electronic payment.

Since there will be a transaction, isn't it just a commission? The giants of later generations have done this, from WeChat's WeChat tax to Apple's Apple tax.

Another very important reason is that he knew that the Internet bubble would burst and he wanted to sell his assets, but he still had to consider his reputation.

After all, it is necessary to set up an investment fund in American to raise a large amount of dollars, and reputation is very important.

Therefore, even if the company founded by Zhou Xin will be affected when the Internet bubble bursts, the valuation will come back sooner or later with the recovery of the Internet.

The superficial answer is: "Maybe it's because I was afraid of being poor since I was a child, and my parents passed away when I was very young, so I have always been living in poverty.

I have a special sensitivity to money. When I started my business, I didn't know how to ask investors for money. At that time, all I thought about was how to make the company I established profitable.

This is probably the difference between me and traditional entrepreneurs in Silicon Valley. "

After Zhou Xin finished speaking, Amo Wasser's eyes were moist, "Oh~" She used to be a trainee lawyer in a law firm and was sent to serve Zhou Xin exclusively.

Later, after she helped matchmaking and investing in Google, Zhou Xin invited her to be his secretary.

One is because the other party is really hard working, and the other is because it is not bad to find a familiar beauty.

This interview program also let Aimo know Zhou Xin's life experience for the first time. Compared with her father who is a lawyer, Zhou Xin's growth process is undoubtedly much more difficult.

Charlie was also shocked: "Sorry, I didn't mean to mention your sadness."

"It's okay. I always think that what everyone has and what they lose are conserved. Although I lost my parents unfortunately, God also gave me insight beyond ordinary people. Of course, I always think that it is they who bless me in heaven. the result of."

Zhou Xin used to be admitted to the junior class of Huaguo University of Science and Technology, and then went abroad to study for a Ph. D. His academic career was extremely smooth, not only by hard work, but also by talent.

Gaining talent will inevitably lose something. In his previous life, what he lost was the ability to empathize with others. When others felt sad, excited, or happy, Zhou Xin was at a loss, and a question mark popped up in his heart: As for it?

Of course, there is still no empathy. After Quora’s paid question-and-answer function was launched, when their team celebrated with champagne in the office, Zhou Xin sat in the corner and applauded silently.

It was difficult for him to blend into such an atmosphere.

"Just now I heard that Riot Games is going to be listed, this is simply the best news, I can't wait to invest in Riot Games.

I believe that Riot Games will have a very good performance when it goes public. Will NewPay and Quora go public in the future? "

Zhou Xin replied: "I don't know, going public is too troublesome. I already have a headache running one company going public, let alone going public with two other companies."

Charlie ended the interview with some more questions.

This issue of "Charlie Rose" that Zhou Xin participated in as a guest received great popularity.

At the same time, the content of this program is also full of major online forums and even traditional media, because a lot of information was disclosed for the first time through Zhou Xin himself.

"Newman is the best representative of the American dream. He was born in poverty, has excellent academic performance, and achieved success through his own efforts."

"Are you kidding me upstairs? Does Newman rely on hard work? Doesn't he rely entirely on talent?"

I updated 9k today. My hard work scares me.

Secondly, after SMIC establishes a factory, it starts to engage in semiconductors, and promotes localization substitution around the upstream and downstream of SMIC's industrial chain.

The protagonist has never engaged in chip foundry in his previous life, and he doesn't know about it, and he has no connections, so he definitely can't do it on his own.

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