"I really don't want to treat any member like that." Chuyuanxi said while eating brown sugar Ziba, "I don't believe you asked yuan mu. I was going to send them away and give them a bonus, and I didn't plan to record it publicly. Who knows they still want to kill each other."

"Yes, yes, who wants to have a grudge?" Yuan Mu chewed the rinsed tripe and said, "if you want me to say that those people are really too vegetables and don't know chuyuanxi."

Feng Qin immediately clapped his hands, "that's right? Don't you look at Ba people's microblog? Chu can always tear them apart. In fact, at the beginning, I wanted to be a member of Ba people. I really found out that general manager Chu's focus was on well-off society, so I put in my resume for well-off society. "

Yuan Mu a look, hey, this is still chuyuanxi fans, no wonder.

Chuyuanxi saw Feng Qin eating and saying, but his eyes were not separated from his mobile phone, which made him strange. "What video did you watch? Does this store have WiFi? "

"Hey, after collecting so much wool, you don't need to be white. This is the national school flower competition of Sohu."

"How are you?" Chuyuan Xixin said that you and I are about the same age. When you are 30, what kind of school flower competition do you see? It's time for your interest to turn to white and beautiful legs?

"I can't help it. I just love life so much." "Now, there are too many cosmetic surgeries. The makeup is like ghosts. It's better in school," Feng Qin said as he rolled his waist With that, he sighed: "well, this is forcing me to go back to school to find my girlfriend?"

"I'll go. What do you call love of life?" Yuan Mu is happy to eat, the heart said you said in front of the boss of the red net company cosmetic face is what intention? After working in Xiaokang for a long time, she has adapted to light make-up and wiped the oil around her mouth with a paper towel, "are you too idealistic? I haven't caught any prey in the zoo for four years. How can you fight when you go back

"What is idealism? Can I, can I be a bodyguard for the school flower? "

Chuyuan Xi Xin said that in terms of humiliating me, I Chuyuan Xi would like to call you the strongest! He raised his hand and stopped, "if you want me to say that you'd better read less of those novels in the future. In fact, Xiaohua doesn't hire bodyguards. Then you say that you have good taste and watch some high-end programs. Now there are many good network integrators. "

"It's a good show." Feng Qin complained for the program, "and Chaoyang said that Sohu relies on social empowerment, entertainment and ecological closed loop to realize its vision of returning to the media. Ah, you see how people say this is so beautiful? Why can't I tell? "

Yuan Mu suddenly coughed violently, and tears of laughter came out. This burst of laughter and coughing broke her cycle of taking a mouthful and wiping her mouth.

Chuyuanxi had no choice but to say: "this is not beautiful at all. What's more, it's like returning to the media through social empowerment, entertainment and ecological closed loop. You can have a rest. If you don't advertise for US media, you can't even smash some water. You're going back to the media. "

"Ah, you said that, I think it's very good for the school flower competition."

"Well, who do you know other than Chaoyang, who are the guests on the stage? You just look at beautiful women. " Chuyuanxi said to Yuan Mu poured a glass of water, Yuan Mu easy to wipe away tears, love life of Feng Qin left a very deep impression.

And Feng Qin, although chuyuanxi is idol, Chaoyang boss and the ladies on stage are idol. Feng Qin chooses to speak up, so he puts down his waist and hands: "President Chu, I have to refute you. It's a national inter school competition, can't others? Although you certainly despise the beaver friend app, this social networking is rooted in the campus, and other people don't have this gene. "

"You're too layman, brother Dei. If others don't do it, it's not that they can't do it, it's that they don't do it. As long as there is some value, it's not the turn to search the beaver for soup. It doesn't need any campus social foundation, OK? For example, the headlines are watching, with the help of the jitter, all the videos are tagging, ranking by tiktok. This is national level. What do you think of the effect? Is it better than a few judges who don't know? It's too low. They just don't do it. "

Chuyuan Xi is proud of what he says. Yuan Mu drags him and shows him his mobile phone. When Chuyuan Xi looks at it, it is Yuan Jing who tells yuan Mu that oto's Xiao Li financing has found Zheng de and asked Chuyuan Xi what he thinks.

"Look at the valuation. You can study the valuation yourself. If the valuation is appropriate, you can invest."

"My brother's point must be to ask if his business model is OK, not about valuation. Do you want us to play the game of drumming and passing flowers

Business logic has no foundation, but the valuation seems to be appropriate. In fact, it can be played in the investment circle, as long as the valuation goes higher and people with bigger brains are found.

Yuan Mu thought about it. Before Chu Yuanxi could speak, he suddenly thought of a key question: "Hey, why don't you say he's looking for sun Dasheng?"

"I'm sure I'm looking for it, but Sun Dasheng must be working hard now."

Today is October 8, the first working day after the festival. Wework, a unicorn of shared office on the other side of the ocean, is deeply in the crisis of capital flow rupture. It is facing a difficult choice whether to accept sun Dasheng's financing rescue or the debt rescue. The reason why it is said to be a rescue rather than the so-called debt financing and equity financing is that this giant, once valued at 49 billion US dollars, has been withdrawn, and the capital chain will break in a few weeks.At this time, no money has been found, which is undoubtedly extremely passive for entrepreneurs. At this time, it is impossible for angels in white to appear and save Adam Norman, the founder of shared office, by means of financial investment. No matter which option, the conditions must be extremely harsh. We should not only consider the substantial impact on the enterprise, but also consider the impact on the founder team.

"Oh." Yuan Mu also thought that sun Dasheng's first position in his portfolio had an accident, and his valuation had to be slashed again and again. This is no longer a bone breaking problem. It is a question whether the huge 100 billion prospect fund will shake its foundation. It must be a choice for sun Dasheng.

Leng for a moment, she ate the last piece of fish tofu on the sign, wiped her mouth, "ah, you say Wework how suddenly can't work?"

"Well, it's the end of the business cycle. When the cycle goes up, new companies are opening everywhere. New companies have more space and office space is tight. Of course, it's OK to do mass innovation. Their company was founded in 2011 and entered the Chinese dynasty in 2016. They could step on it at any time, so the bubble was blown very high.

And now? On the contrary, the new company has less + a lot of idle office space. Let's not talk about the company. Even the shopping malls are shrinking. The most prosperous "Mei Tai Heng" iron triangle on Jinling West Road is gone. It's a landmark mall. Take a look at our building. Recently, the Ba people's well-to-do society has occupied this floor. All the neighbors are empty. We say we can occupy it. The office building thanks me. Isn't it noisy for you to engage in shared office in this big environment? "

"But I hear it's because their founders are greedy for pleasure?"

"It's all bars." Chuyuanxi said positively, "Adam Norman is doing world-class business, and the environment is the most important. In the past ten years, there have been ultra-low interest rates in the United States. It is certain that huge bubbles will blow up. It is just who will blow up first and how. "

"Is that so?" Yuan Mu Chao suspected that chuyuanxi was also an entrepreneur, and he was sure to defend Adam Norman.

She heard that Norman went to MALDI for a vacation and surfing during the IPO period. The New Yorkers at the headquarters were in a hurry. They had a lot of thorny problems. They knelt down for Norman to come back and sign important documents. When listing in the United States, the letter approval requirements are extremely strict. Professional managers have never seen such unreliable entrepreneurs. Norman actually plays all day and is a wolf.

So Ya's IPO announced last month completely yellow is natural! This is also the reason why Wework's cash flow is on the verge of breaking. According to the wishful thinking, we all IPO at this time, raising billions of dollars. Of course, there is no cash flow problem. And the cruel reality is that as a shared office entrepreneur, Wework itself has to fire thousands of employees to cut costs, which is a great irony.

"Fortunately, people don't look up to us, Zheng de." Yuan Mu was still a little afraid. If someone had come to me, I would have closed my eyes. "Ah, wait a minute. Why did sun Dasheng help him? I heard that sun Dasheng's plan is to take out $9.5 billion at one time, and then add several previous rounds of investment, with a total of $19 billion, to obtain 80% of the shares. But Wework's valuation has been slashed twice. If it doesn't help, it will collapse. Now it's only about $10 billion, right? Sun Dasheng suddenly failed in mathematics? "

Chuyuan Xi suddenly sour said: "people sun Dasheng that is the war cast.". Alas, you are usually financial investors. You don't understand the psychology of war investment. The war investment department considers the valuation, what I want to achieve and how much I am willing to spend. Maybe sun Dasheng is willing to do anything now? It's the Saudi rich who are suffering... "

Of the 100 billion shares of the vision fund, nearly 50 billion are the money of Saudi princes, so sun Dasheng can do whatever it takes.

"Ah, it's off topic. Let's talk about oto. How did we get to Wework? Is the business model of oto OK? Can you make money? " Yuan Mu said, and focused on the other strings in the pot, but considering the growing age, as well as the constant reduction of fitness time, he finally restrained his desire.

As for whether the Oto can make money, Yuan Mu has no embarrassment that he does not have the ability to judge, because now the entrepreneurs' routine is too deep, and many mode innovations do not know whether they are successful or collapse when they are not in the right situation. Therefore, as an investor, Yuan mu can no longer look directly at the entrepreneurs who spend a lot of money to subsidize users, especially Xiaokang who also subsidize users.

As a result, she became a lot more open-minded and no longer made subjective judgments.

"Yes, what's wrong? What's new about oto? " In fact, Chu Yuanxi had already thought about the misunderstanding of Yuan Mu and Yuan Jing, "do you think he is the only one in the world who is engaged in hotel tourism development? In fact, a lot of them are similar to his model. "

Then he turned his head and asked Feng Qin, "what kind of house do you rent?"

Feng Qin is pondering over the dialogue between chuyuanxi and yuanmu. He doesn't know what oto is, but he has heard of the great name of Wework. It's about to go.

"I can rent it. But how do you know I rent? "

"Because you have applied for a subsidy for renting a house near the company. I want to sign it."

This is a welfare that both Ba people and Xiaokang have. These two companies work overtime a lot, so they can't leave the company at 10 p.m. and let the employees squeeze the bus, right? What if there is no bus? So reimbursement of taxi invoice is necessary, otherwise employees have to work normally.It's better to encourage employees to rent houses near the company, subsidize them with 2000 yuan, and work overtime.

So this is a good policy, at least chuyuanxi successfully raised the rent price of the nearby area, and made a great contribution to the depressed real estate economy of the imperial capital.

"Do you think it's easy?"

"It's OK. It's a little more expensive than the black intermediary, but the black intermediary doesn't pay the deposit. The quality of free houses, furniture and electrical appliances is much better than that of black agents, and some people clean them regularly. "

Yuan Mu interjected: "is that a service charge?"

"Oh, compared with the high rent, it's really not bad for the service charge."

Chu Yuan Xi nodded and said to Yuan mu, "what do you think of the free mode? Can you make money? At present, it is also an enterprise with a valuation of tens of billions, which is on the same order of magnitude as oto. "

It's called long-term rental apartment. Last year, there was a lot of thunder news. Some entrepreneurs have turned real estate into a capital market, cheating tenants to sign tripartite contracts with P2P by using various low-cost subsidies. After that, he took the tenant's deposit and paid three times with P2P to loan out the whole year's money for the tenant to pay back the money. Then he ran away with the money and no longer paid the landlord. He left the tenant to the landlord and P2P for repair, leaving behind a lot of chicken feathers.

But freely is the head player, has not run the risk temporarily. As for whether he can make money or not, Yuan Mu has never studied it, but from a common sense point of view, it is nothing more than the problem of occupancy turnover and vacancy rate, which can be promoted by brand, operation and service.

"Wait a minute. Is it really a bit like oto?" Yuan Mu suddenly responded that they were just looking for the landlord and the hotel. They all signed long-term contracts for many years. Then they were all decorated in accordance with the unified style. Afterwards, they provided standardized services and guaranteed the bottom price for the landlord and the hotel.

On the contrary, oto seems stronger, because it can only guarantee the landlord's bottom, while it is OK to guarantee the bottom, it is still willing to share part of its profits with the hotel. And it's also very generous. To the hotel, it's because under the management of 0t0, the occupancy rate of the hotel will soar, and then we have to hire more waiters. This part of the profit is for the hotel to balance the rising labor costs.

"Yes, it's all o2o. It's the same with Wework. It's just the office building. "

Yuan Mu Xin said that in the end can make money ah? Wework is less than a month away from bankruptcy! Similarly, investing a few billion dollars in freedom and investing in Wework are not the same concept at all.

Only listen to Chu Yuan Xi said: "so in the final analysis or see you give how much valuation ah."

Yuan Mu finally understood Chu Yuanxi's secret words, no matter what investment behavior, in the final analysis, it must fall on the valuation. Just like entrepreneurship, no matter what mode it is, it will ultimately fall on the cash flow. No matter how loud the concept blows, it will not make any sense to make money back.

Unfortunately, oto didn't find penguin and Ali for financing, otherwise Zheng de would have a very precious opportunity to observe. Just like this year's penguins lead the cast freely, once penguins make heavy bets, people who are ready to follow the cast immediately get on the bus.

Thinking of this, Yuan Mu has a new puzzle. It's just penguin. Oto and Ali have sun Dasheng as a link. Isn't it natural for them to make love at home? Just like Didi, under the contact of sun Dasheng, didn't he also invest 100 million dollars?

However, this is not a problem for Chu Yuanxi, because in the original world, when he was financing, he was also extremely hungry, but he did not dare to take a cent of the money he had scruples about.

It must be the same with oto. It's better to go to retail investors.

Yuan mu can go after dinner, but Chu Yuanxi can't go yet. He has to go back to Ba people for a meeting. Since the 11th National Day, it's time for Zhao Jie to hand in his papers. Chu Yuanxi needs to switch quickly between the business and thinking of Xiaokang and Ba people.

It's been three months since July 1 when we decided on the plan of four small games. While the four small game project teams go hand in hand, Ba Ren information and Ba Ren media also cooperate with each other under the premise of their own tasks, providing high-quality materials and creating a warm-up environment.

Now Ba people's active users, there can be people who are not interested in small games or even despise them, but they will never have heard of it. These video materials are either interesting, or exquisite, or elegant, or funny, but if Zhao Jie's little game is not fun, nothing will be mentioned.

In fact, some of these four games can already be experienced in the process of developing versions. Chuyuanxi has experienced animal company, which is the first one to be completed in the end, but the feeling is not so ideal.

The main reason is that "animal company" has done TCG mobile games, the theme is entrepreneurship, but the core content is the battle between companies. This time, the little game is still entrepreneurship, focusing on company construction. Although it is different, it lacks freshness for chuyuanxi.

So he thought that it might be a bit conservative that he didn't reject this project when he first set up the project. It must be that Ba people's users, especially TCG's old players, are likely to have a similar feeling.But the product has been made, and in order to make something different from the famous "Cairo game" series, Zhao Jie racked his brains and added a lot of "company infighting" types of play and events. At this time, I would like to express my objection again, saying that we should not go on, even if he is the boss.

In particular, Zhao Jie also made a growth curve of big company disease, which can be described as ingenuity. With the growing size of the company, the company's infighting is also increasing. These infighting are new ways to play, and players must have a good time. Otherwise, hanging up may lead to a regression in strength, leading to a decline in valuation and depletion of cash flow.