The Age of Rebirth

Chapter 629 Lighthouse and Torch

Most of the venture capital management companies with Li Weidong as a limited partner are located in the most prosperous cities in China at this time, Beijing, Shanghai, and Shenzhen, and there are especially many in Beijing, accounting for half of the company's investment department.

Hearing what Li Weidong said, they all nodded in agreement. What right do they have to refute what the big boss has determined? Not only can they not refute, but they must strongly agree.

In fact, even if Li Weidong does not emphasize at this time, these investors are willing to invest in those who have already succeeded in starting a business and want to start a second business.

Success is an addictive thing. For those who start a business successfully, the probability of success will naturally increase greatly if they start a business again, and the risk of investing in such a person will naturally be low.

When Li Weidong saw so many people who invested in the company, he couldn't help saying a few more words, "As venture capitalists, don't just look at the immediate gains and losses, but take a longer view. At this time, the valuation of the entire industry is returning to normal. Good thing for you guys!"

"At the beginning of the year, the founders of a company valued at 5000 million felt that it was undervalued and were unwilling to accept venture capital money. Now that the company has developed for such a long time, the valuation has dropped to only 3000 million, or even [-] to [-] million. Waiting for the rice to go to the pot, there is a risk of breaking the capital chain at any time!"

"But for the company itself, it hasn't changed a lot. It's in the start-up period, and it's impossible to make money in the market when it's in promotion. That is to say, its basic market has not changed, or even improved. Yes, but the valuation is low!"

This is the game between venture capital funds and Internet companies, especially at the beginning of the year, when the three major Internet portals were listed on Nasdaq on the same day.

Internet companies in that period were in the limelight, but investment companies were at a disadvantage, and they might not be able to spend money if they had money.

With the help of the upsurge of listing on the three major portals, various Internet companies have made their own valuations very high, and relatively speaking, the risks are naturally extremely high.

When this industry became hot, all risks were ignored, including investment companies whose core was risk control, became less cautious and began to vote with their feet.

After all, if you can invest in a listed company, the income will be quite large. Not to mention risking the guillotine, the income of several times or ten times can be cut by a thousand knives.

Therefore, some Internet companies with core technologies or monopolistic positions in the industry are asking investors for higher and higher prices, even infinitely higher.

It's just that no one thought that since the listing of these three websites, the Nasdaq stock market began to collapse, and the Internet bubble came quite violently.

Of course, they don't even know that the bursting of this bubble will last for so long, and even for a long period of time, no Chinese company can be listed on NASDAQ.

As for what they are thinking of, even the second board market, which has been listed as the key work of this year by the country, that is, the later ChiNext, has also been postponed.

Although the relevant parties have refuted the rumors, "the rumors are not true", but the Chinese who are well versed in this way know in their hearts that there are no groundless rumors, and the more they refute the rumors, the more problematic they will be
In just half a year, China's venture capital market has undergone earth-shaking changes, and many projects that have signed agreements but have not paid funds have been terminated.

As for those who are negotiating, investors are saying less and less, and the people attending the negotiations are getting younger and younger, which means it is self-evident.

Even some shameless venture capital companies that have made successful investments still want to get their funds back.

In short, Internet investment has also entered the darkest moment with the arrival of the industry's cold winter, and the time to vote with your feet has begun again.

If you don't have two brushes and no real skills, it's wishful thinking to get an investment with a reasonable valuation.

There are not many venture capitalists who are still active in the Internet industry. Apart from the Internet, there are many other high-tech industries. They would rather invest in some traditional industries than the Internet.

After all, listing a company and allowing secondary investors to take over is considered the most important way for investors to exit, and now this way seems hopeless.

Money never sleeps, but money is also the smartest, and it will only flow to the place with the greatest profit. Now it seems that if the Internet industry does not have effective repairs, investors will definitely wait lightly.

But Li Weidong doesn't see it that way, because he has front and back eyes, and he can see the resurgence of the Internet.

And he also has enough bargaining chips in his hand, just like in the stock market, sell at a high point, wait for the next trough to come, and buy bottoms leisurely.

The cash he cashed out from those listed companies in the United States is still sleeping in the bank at this time.

He has money and vision, so Li Weidong can swear by it!

Li Weidong continued to preach, "Moreover, with the bankruptcy and closure of many companies, the competitiveness of the remaining companies has increased. If you place a bet at this time, the probability of hitting will be much higher!"

"This is the remnant who is also a sage. After weeding out, the remaining ones are awesome and worthy of your investment. This is much easier than casting a net to catch fish by yourself!"

"In addition, according to the latest statistics from the National Internet Information Center, the number of Internet users in China has exceeded 2 million, and this number is still growing rapidly."

Li Weidong is very proud of this. Half a year ago, he predicted that domestic Internet users would grow very rapidly, and now it has been confirmed.

It's just that I don't know what those intellectuals who said he was bragging, or even daydreaming, are talking now?
It is estimated that Li Weidong didn't know, nor did he have the time and interest to know. Those who criticized Li Weidong without naming them were cheering for the growth rate of Internet users at this time, but they didn't know whether the slap in the face hurt or not.

"However, although there are many Internet users, the business opportunities brought by them are still basically at the stage of theoretical expectations, future fantasies, and even doubts!"

"That is to say, many Internet companies now lack an effective profit mechanism, and it is difficult to find real profit points, wasting huge Internet user resources in vain!"

This is also a common problem of the majority of Internet companies. There are customers and content, and it seems that there is no other profit model except for advertising fees.

After all, until now, there are still many elites engaged in Internet work who believe that the core of the Internet should be sharing and free.

Charging users means a sharp drop in the number of users, which is too contradictory to Internet companies that rely on venture capital funds.

After all, when many venture capital companies invest in Internet companies, the most important thing is the number of users and daily activities. As long as these two data are high, it means that the website is valuable.

Some investment companies even use an extremely simple calculation method when investing, such as how much a user is worth, how many users the company has, and the rest is simple, the unit price multiplied by the quantity, the knowledge of the third grade of elementary school!

This has caused the entire industry to fall into a profit paradox. It needs to rely on users to make profits, but it cannot allow users to spend money, and the cost of maintaining so many users is high.

There are even many companies that even restrict registration because they have no money to rent more servers. For example, Tencent in the previous life, because they have no money to rent servers, pony horses even have the idea of ​​​​selling Tencent.

"But now there may be an opportunity. As far as I know, the Ministry of Industry and Information Technology and several domestic operators are exploring a mobile Internet business operation model!"

"It is said that in order to investigate the operation of this project, the Ministry of Industry and Information Technology sent people to Europe, America and other countries to conduct investigations!"

"Referring to some foreign mobile Internet experience, the plan for this project has been completed, and it is estimated that opinions will be solicited soon. From the few words we have obtained so far, we can know that the launch of this plan cannot be done well by operators alone, and you The opportunity has come!"

"It's an opportunity for great development!" Li Weidong raised his wine glass and said, even though Monternet is rubbish, deducting fees indiscriminately, and messing around, but as far as he knows, Monternet has saved many companies and made many companies on the verge of The desperate enterprise came back to life.

For Chinese Internet companies that do not know how to collect money from netizens, the emergence of Monternet is undoubtedly a timely help, especially in this cold winter period, it is simply a ray of scorching sun.

"Please remember that no matter what, the current Internet industry is only in the initial stage of development. At this time, even if you do something wrong, it is better than nothing!"

"If you make a mistake, you can accumulate experience for the next step of entrepreneurship. If you are afraid of choosing the wrong direction, you will do nothing, and then you can only envy others!"

Li Weidong paused for a moment, feeling that what he said today could not be more clear, if he continued, his identity as a reborn person might be exposed.

Li Weidong took a sip of his wine and continued: "Recently, there have been a lot of egalitarianism on the Internet. The main reason may be that a certain rich man was investigated, and then some people on the Internet took the rhythm to discuss the original sin of capital and deny the society of entrepreneurs. effect!"

"I think this is a bit unfounded. It may also be because I have read too many martial arts novels. I always feel that killing the rich and helping the poor is a chivalrous act, but the consequences of doing so are serious. This is negating the achievements of the past 20 years. Will agree!"

"If the money you put in your pocket is reasonable and legal, not opportunistic, and obtained through fishing, no one will notice whether your pig is fat or not, let alone kill a pig!"

"So I also advise everyone to be an upright person, an upright entrepreneur, take what should be taken, don't take what should not be taken, and keep your own moral bottom line!"

"Okay, that's all I have to say. As long as you stay upright and be a good person, no one will abandon you!"

Li Weidong raised the wine glass in his hand, drank the wine in it, and officially announced: "The dinner party has officially begun!"

As soon as Li Weidong's words fell, everyone raised their glasses together, and then there was warm applause. Li Weidong's words gave them reassurance. The company's major shareholders have confidence in the future, and the company naturally has confidence.

Chen Gu who was standing at the door, after hearing Li Weidong's words, immediately nodded to Mr. Zhang, the vice president of the hotel who was standing next to him, and said, "Mr. Zhang, let's start, use some snacks, don't make any mistakes!"

Mr. Zhang naturally also heard Li Weidong's words, but he didn't dare to let the staff start serving the meal without the big butler speaking.

"Secretary Chen, don't worry, there will be no mistakes!" Mr. Zhang said with a coquettish smile, but he is a bit older, barely considered a mid-mature.

Then, his face became serious, and he said to the walkie-talkie: "Let's get started, everyone, don't make any mistakes, and whoever makes a problem will be fired!"

It is estimated that the face-changing of Sichuan Opera is nothing more than this. It is still over the phone. If it is face-to-face, what will it be like?
Following Mr. Zhang's order, the waiter quickly walked in and started working.

Immediately afterwards, all kinds of delicacies from mountains and seas were delivered to the table one after another, and the people at the dinner table also drank to their heart's content and talked about all kinds of romantic things, because the boss asked, since it is a meal, eat well and don't talk about it. Work, not to mention current affairs.

This night, there was a lot of drinking and touching, and the meal was a feast for the guests and the host.

No matter how reserved Li Weidong was, he still drank a lot in the end. Although he didn't drink too much, he still had a hangover feeling when he woke up the next morning.

He originally planned to go to see the national flag raising with the children, but he failed. When he woke up, the five-star red flag had been flying in front of Tiananmen Square for two hours.

After breakfast, Li Weidong was invited to participate in the company's investment department's seminar, and gave another insightful, wise and powerful speech.

In the words of Zheng Sijing, the chairman's speech is like a lighthouse on the sea and a torch in the dark, guiding the direction of progress and the way of struggle for the work of the investment department.

It was also decided to study and study the chairman's speech, and make this content the top priority of the seminar. Thorough research will definitely make our seminar more effective.

Li Weidong did not participate in the specific content of the seminar, so he had no way of knowing about Zheng Sijing's decision, let alone stop it.

Li Weidong didn't know that Zheng Sijing's sycophantic skills were good until the seminar was over, the minutes of the meeting were formed, and they made the headlines of the company's internal newspapers.

While they were studying, Li Weidong was wearing sunglasses and a sun hat, and was visiting the major places of interest in the capital with the children.

There is a special tour guide, and every place is lively and interesting. Both adults and children are amused. The performance of the tour guide seems to prove to Li Weidong that you invite us to be a tour guide. The money was certainly not wronged.

It’s just that Chinese people don’t have the habit of tipping. It’s a tip if a foreigner gives it. If the Chinese also give it like this, it’s an insult. I’m sending you this little money?
It is only natural to earn money from foreigners, but you may still call the other party a big fool in your heart!
In order not to insult these tour guides, Li Weidong didn't intend to offer a reward from the beginning to the end. After paying such a high tour guide fee, he naturally didn't need to insult them again.

There was a tour guide who dared to ask if he could take a photo, but was dragged by Douban to talk about it, and then he left in disgrace.

Something still wants to take a group photo, I don't even have a few photos with the chairman, who are you, Douban thinks so.

But there is also a tour guide who is very courageous and has many ideas. After recognizing Li Weidong, he talked to Li Weidong about the project proposal instead.

This kind of operation made Li Weidong a little novel, but after listening to him talk, I also admire this person's ideas.

(End of this chapter)