You call this entrepreneurship?

Chapter 325

Xiong Xiaoge is a big shot in the Internet venture capital industry. He knows the Chinese Internet industry very well. The information and data he possesses is much more than Qin Shaoyan.

The video industry looks lively now, but it is full of small fish and shrimps. Only a few of them are of good size and can make some splashes, while the rest are not even worth watching, and some of them cannot even see the light of day.

It’s not that other venture capitalists are not jealous of this emerging concept, it’s just that the scene is too chaotic and video sites are particularly expensive.

Other websites can last for several years with an investment of several million dollars, but video websites only spend several million dollars in three months, which is faster than burning money.

Xiong Xiaoge had previously considered whether to invest in one or two more video websites. After all, one should not put all his eggs in one basket.

But he quickly changed his mind. After looking around, he found that there was nothing worth investing in other websites. They were just copying Qin Shaoyan's ideas, and their ideas were not as clear as Qin Shaoyan's. There was no value in investing at all.

Therefore, Xiong Xiaoge feels that the video website sector can celebrate with champagne in advance, as QVOD has no rivals that can compete with it and is leading in a crushing manner.

In this situation, all we have to do is wait and plan to go public and make money. What else is there to worry about?

The last round of financing raised a total of 48 million US dollars, which is enough for Kuaibo.com to operate until next year.

Other video websites have very little money on hand, and they can’t even find venture capitalists willing to invest when they want to raise funds.

Qin Shaoyan proposed to raise funds at this time, and in the name of meeting the challenge of peers. What do you think Xiong Xiaoge will think?

Isn't this just spending money under a false pretext?

Want to make more money before it goes public?

An old hand like Xiong Xiaoge has seen many ways of taking advantage of entrepreneurs.

The more he thought about it, the more he felt something was wrong, so he went to the president's office of the campus network in person to meet Qin Shaoyan and give him a good beating.

Let Qin Shaoyan focus on the IPO plan and not think about anything else.

If you want to raise funds, you have to wait until the funds are used up or before the listing. Now it is less than half a year away from the listing financing.

It's really disrespectful to ask for money.

Wouldn't it be good for everyone to work hard to go public and then make money from the stock market? That would earn much more than venture capital.

Although Xiong Xiaoge had always believed in Qin Shaoyan's integrity.

However, the business world is like a battlefield. Xiong Xiaoge's experience over the years has taught him that when it comes to money, one should not underestimate greed or overestimate human nature.

"I asked someone to investigate other video websites last month. They are not doing very well. They are short of funds and have poor data. Most of them can hardly survive more than a quarter." Xiong Xiaoge said slowly.

"Some websites are looking for funding, but the venture capital industry is still very cautious right now, so I hope to wait and see."

“Qvod doesn’t need to do anything, it will outlast most video sites.”

"Qvod's data curve looks very good. It will have more than 08 million users by next year. If it continues to grow at this rate, it will have no problem going public in ."

"After listing on Nasdaq, the valuation of a high-quality website like Qvod will definitely exceed $20 billion."

Xiong Xiaoge was all smiles, and described the future financial prospects in a seductive tone, "20 billion US dollars, which is equivalent to about 200 billion RMB. By then, Mr. Qin will become an Internet CEO with a net worth of tens of billions."

"When the time comes, any cash out will be more than the amount of financing. We are spending the money of American shareholders."

Qin Shaoyan was shocked. "Boss Xiong, are you just making empty promises for me?"

The world has really changed. Venture capitalists are painting rosy pictures for entrepreneurs, but now it’s really a disaster.

"How can this be called a pie in the sky?" Xiong Xiaoge said seriously, "I'm talking about a normal business plan." "And Qvod's IPO will be listed before 08. This is the timetable you set."

Qin Shaoyan was stunned for a moment, then looked at Zhang Pingyi.

Did I say this?

Zhang Pingyi reacted quickly and immediately took over the conversation and said, "Boss Xiong, our IPO before 08 is just a rough plan. It doesn't mean that we must go public in 08."

"Yes, that's what I mean." Qin Shaoyan said immediately, "From the current situation, the video website track is a one-super-many-strong pattern."

"Although Qvod is in the leading position, other video websites are not sitting still and are actively accumulating strength to launch a counterattack."

"I have been lurking in the Anti-Qvod Alliance group for many days. They have designed many plans to block Qvod. We cannot take it lightly."

Xiong Xiaoge frowned, "Tell me what they are going to do."

"I don't know the details, but the general direction is to focus on differentiated competition, differentiate ourselves from Qvod as soon as possible, and open up new tracks in vertical segments." Qin Shaoyan said casually, "Target user pain points, understand the market environment, find new levers, and develop new paths. Through new detonation points, we can increase market perception, connect and be result-oriented as the fundamental logic, and accumulate potential energy."

"Stop." Xiong Xiaoge interrupted Qin Shaoyan directly, "Just tell me what they are going to do?"

"To put it simply, it means abandoning the model of copying Qvod and turning to the model of copying YouTube," Qin Shaoyan replied.

"Qvod mode? YouTube mode?" Xiong Xiaoge frowned. "Is there any difference?"

"Of course there is a difference." Qin Shaoyan said seriously, "YouTube uses the UGC model, which means that users are the main content creators, providing content output for the website and sharing their works with netizens around the world."

"Although Qvod was founded by imitating YouTube, we have taken a different approach, which is to provide services to users with genuine movies, TV shows and dramas as content."

Xiong Xiaoge understood it immediately. The main contents of the two websites are different. YouTube relies on users to produce content and share it with other users, while Qvod relies on purchasing genuine movies, TV series and television programs to share them with users.

Qin Shaoyan continued, "Those peers have now figured out the differences between the two websites. They plan to completely learn the YouTube model and rely on user-generated content to attract users."

“We also set up a creation subsidy program to attract more users to provide high-quality content.”

Xiong Xiaoge said calmly: "What do you think of their operating model? Is it a threat?"

"I don't know." Qin Shaoyan said frankly, "The video website track has only been around for a short time, and everyone is still exploring. The two operating models have different ideas, and the main focus is still on high-quality content."

"It is impossible to judge which one is better or worse now, we can only leave it to the market to test."

Xiong Xiaoge nodded and said thoughtfully: "If they really change their operating ideas, then it's worth watching."

"Boss Xiong, they are so blatantly holding up the banner of the anti-Qvod alliance, they must be very capable." Qin Shaoyan instigated, "In order to deal with unexpected situations in peer competition, I must prepare in advance."

"If we don't prepare in advance and get attacked by surprise, the loss will be huge."

"Their creation subsidies are essentially just a way to burn money to attract users. Now that their competitors have launched a challenge, Qvod will definitely respond."

"It's hard to say how long the funds on hand can last if we burn money, and as the number of users increases, the financial pressure is also great."

Xiong Xiaoge didn't comment, and suddenly asked, "I heard that you set up a two-dimensional anime channel. Is that true?"

"Have."

Xiong Xiaoge stared at Qin Shaoyan, "Animation is a sheer waste of money. Why are you doing this? What's your purpose?"

(End of this chapter)