super energy power

The yellow brochure was the one Su Cheng had read the longest, and the Internet company in it was also the company with the highest return on investment that he knew. .

Before the internet era, no company, or industry, could generate such a high value in such a short period of time, not even the legendary silk business, spice business, or even colonial business and drug trade. reach such heights.

Take Jing as an example. When it was listed in 1995, the "Wall Street Journal" commented: It took 43 years for General Dynamics to reach a market value of 1 million US dollars, but it only took [-] minute for Jing.

Even starting from the design prototype of Jing, it only took 3 years.In the following three years, Jing's market value has doubled again, and it still has considerable potential.

This is a scene that is difficult to see in traditional industries. Even the once-new semiconductor industry and telecommunications industry cannot create such brilliance.

People in 1994 could not have predicted such changes in the world.

Ji Runzhi is the same as those jackals in investment banks. They are optimistic about the new Internet industry, but they can never predict the vigorous development of the Internet industry.

The scene of 1994 million US dollars seemed like a fantasy in [-].

Hundreds of billions of dollars of Google and must die, in 95 it still seems impossible.

"No problem." Ji Runzhi said with a smile, "So, I can host this investment plan?"

"I will allocate funds to you on schedule." Su Cheng pondered for a moment, and then said: "I will send new financial personnel to invest in Dahua, and on the one hand, you can set your own investment goals. Accomplishing the goals I set out, and the goals of the company I asked to acquire is a higher priority."

"Understood, I believe in Su Dong's vision." Ji Runzhi did not lie, just the recent London futures transaction has proved the level of investment in Sioux City.

Su Cheng nodded slowly, then picked up another loose-leaf booklet, looked at it and said, "When acquiring these companies, we must pay attention to it. On the one hand, we must leave shares for the management that are sufficient to stimulate them to take the initiative. On the other hand, we must Minimize legal disputes as much as possible. Especially the company I want to acquire must be clean, with complete patents and complete company composition... The exercise of shares, especially the distribution of profits once the company goes public... ..."

"For entrepreneurial companies, disputes are often unavoidable. If you want to get clean and complete shares, you must spend more money."

"Then spend more money." The earliest scene formed in 94 was worth tens of millions of dollars, and there are reasons for investors.The so-called extra money falls on a company, and it is difficult to exceed a million dollars.

"Okay." Ji Runzhi had no objection.Many large companies have similar requirements. Generally speaking, larger companies have more documents to sign, and the cost of signing contracts is often higher than that of small companies. However, in terms of average risk, large companies obviously control very well .

Ji Runzhi originally preferred to sign contracts with more companies. After all, venture capital is a widely spread investment behavior.However, he did not object to Su Cheng's request. In his opinion, this is also a good sign of the company's formalization.

After thinking for a while, Ji Runzhi tentatively asked: "About the first company you saw..."

"Jing? What's wrong with it?"

"The patent itself seems to be incomplete."

"Oh?" Su Cheng knew that the scene was good, but how could he know the details inside, so he couldn't help but focus.

"The designer of the scene originally made the design in the university, so the patent and the original browser remained in the university. The current scene is that he came out to do it alone and re-wrote it. So, if someone takes the browser from the university If the patent is bought, it can also be developed on this basis. Of course, it is not easy, but it is still a loophole.”

"Then buy it from the university." Su Cheng vaguely remembered that Jing and Microsoft's IE were related by blood, and thinking about it now, that's why.

Ji Runzhi coughed and said, "The University of Illinois has sold the patent to a company. I can ask the price..."

"If you can buy Jing, then buy back the patent after all. If you can't, buy that company too. If you can't buy Jing, then you need a license." Su Cheng's decision was made quickly.

Ji Runyi was taken aback, and said, "If you forcefully buy the patent, the cost will be much higher."

"How tall?"

"One and two million dollars. Say less."

"Buy it." Seeing the scene, Su Cheng thought of billions of dollars, so naturally he didn't care about one or two million dollars.

To put it bluntly, the profit margins of Internet companies are much higher than those of traditional energy companies.If you work hard to get an oil field, you may earn billions of dollars, but an Internet company can be worth billions of dollars.

Of course, the profits of oil fields are quite stable, and the probability of obtaining equity in Internet companies through venture capital is not much higher than that of finding oil fields.From this point of view, the energy industry and the Internet industry have their own advantages.

However, energy companies have one thing that is so powerful that it will be difficult for Internet companies to match in 30 or [-] years, that is, their social and political influence is very extensive.

Whether it is a Chinese company like Dahua Industrial or a large oil supplier like Exxon, they can use various means to more or less take place at the national and international political levels.It is very difficult for Internet companies to achieve this. Ordinary large-scale Internet companies don’t even think about it. It will take ten years to achieve one-tenth or more of the top Internet companies. One percent respect that matches one's own wealth.

In terms of wealth stability and security, energy companies are also among the best.A slightly larger oil company is basically a company that cannot go bankrupt in every country. At least in one region, it is a pillar-like existence and can receive countless preferential treatment. Its relationship with other companies in the industrial chain will also be natural. Become an enterprise network to improve your security and stability.

Historically, venture capital has encountered lawsuits and lawsuits.

Jing's browser was almost destroyed by Microsoft's rogue methods.

However, if it is Dahua Industrial that gets the investment, it is not easy to directly defeat Microsoft with the current momentum of Fanya Fund and Dahua Industrial, but it is easy to urge the US Department of Justice and federal prosecutors.

Ji Runzhi is willing to join Dahua Industrial, but he actually has similar considerations. If not, he might as well stay on Wall Street.

Seeing that Su Cheng's idea was correct, Ji Runzhi naturally kept this in mind, then pointed to the loose-leaf book in Su Cheng's hand, and said, "This is a high-tech company with a certain scale, and the investment cost will be much higher, but The risk will be much lower, such as Microsoft and Cisco, whose value has increased hundreds of times, and it is generally believed that there is still room, but it is hard to say how much.”

"If you have extra money, buy it... well, it's 94, and you can invest 94 to 95 million dollars in Microsoft." Sioux Cheng said and continued flipping through the brochures. In 98, Microsoft hadn't released window[-], let alone Genesis' window[-], so there was still a lot of room for growth.However, this kind of upside cannot be compared with venture capital companies. Moreover, investing in start-up companies can easily get a controlling stake, at least a high proportion of shares, while companies like Microsoft and Cisco can only pay dividends at most. Whether it is utilization or influence, it is not as good as venture capital.

However, Sioux City can't throw all the tens of billions of dollars in its hands to small companies.In contrast, Microsoft in 94 was still a good choice.

After that, Apple in the state of Jobs' resignation, and Berkshire of Buffett, who has just become the world's richest man?Hathaway, Dell, which has just stopped its personal computer retail business, and Nokia, which has not yet shown its kingly demeanor, are all on the Sioux City list.

Sioux City roughly estimated that if these acquisitions were completed with US$100 billion, no matter whether he left the market before the dotcom bubble burst in 00 or not, he would become a super rich man with assets of at least US$[-] trillion, comparable to the entire Rockefeller family. ...

In 1995 and 1996, more Internet companies will appear, such as Amazon, such as eBay...

As the boss of an oil company, Sioux City's nerves have been tempered for a long time, and he has no burden on the 10 trillion US dollars. He just said: "Build a few offshore companies, and the companies and stocks acquired are placed offshore. under the name of the company."

If an ordinary person or the CEO of an ordinary company gets 10 trillion US dollars, he would be so scared that he would not be able to sleep.

As for Sioux City, who has just experienced insider trading, has been to the former Soviet Union, and is still fighting in Central Asia, more funds will only make him stronger.

In the oil industry, there are more companies with billions and tens of billions of barrels of crude oil reserves, and everyone will only sleep better because of the increase in reserves, and will not rest comfortably when the reserves decrease.

Ji Runzhi thought that Su Cheng built an offshore company to avoid taxes, so he happily agreed.No one likes paying taxes, just like no one likes protection fees.

Su Cheng didn't realize that he was about to become a billionaire at all. After confirming the list of investment companies, he began to prepare for returning to China. At the same time, he continued to meet with company representatives who were interested in joining the Pan-Asia Fund, and even took time to accept media interviews. He didn't mean to celebrate at all. .

Sioux City himself uses China's foreign exchange reserves to measure personal wealth. He had billions of dollars in 1990, tens of billions of dollars in 1994, and trillions of dollars in 14. It seems that there is not much difference The difference, to put it bluntly, if he "only" has a few trillion US dollars in 14, the ratio of assets to the country's foreign exchange reserves will decrease.

However, what Sioux City intentionally did not consider is that China's foreign exchange reserves in 1994 were not worth mentioning internationally, but in 14 China was already the largest country in foreign exchange reserves.

Sioux City just consciously hopes to pay more attention to the role that this money can play.

In terms of enjoyment, he could have retired as early as two years ago, and Su Cheng was more than willing to use the money to be the backing of Dahua Industry and Dahua Laboratory.

... (To be continued.)