Reborn 10 years later: First, save 100 million Bitcoins

Xiao Feng took Momo's phone and looked at the service introduction on the link.

They gave us a designated area, and for 90% of the shops in that area, as long as we placed an order, they would definitely deliver it to us.

Delivery fee is 8-10 yuan.

The link's name is also simple and straightforward: "Help You Run Errands".

In 2010, this kind of delivery uniform was not yet widespread, but there were indeed many small teams making them.

You don't even need a small team; even an individual can do it.

It's nothing more than running errands for you.

After reading the brief introduction of the service, Xiao Feng knew very well that this was another investment project.

The food delivery market is still largely untapped. Many small teams are trying to get in on it, but almost all of them end up failing.

The reason is quite simple... Later, with the intervention of capital, this lucrative opportunity became something that ordinary teams could no longer afford.

As far as I can remember, the group that ultimately dominated the market was Shuai Tuan, but this was actually due to the strong support of powerful figures behind the scenes.

In other words, any small team that catches the eye of a big shot has the potential to become a dominant force in the future.

For example, the strongest team in the later stages also received 5000 million yuan in investment a year later, thus breaking through the encirclement and eventually becoming the final winner.

All the structural models are pretty much the same, and there's nothing difficult about them. It's just a matter of who can break through the encirclement and truly dominate the market.

"Hello, who called the delivery guy? Your fried chicken has arrived!"

"Mine, mine!" Momo waved quickly and called out at the same time, "Mr. Xiao, your iced cola has arrived too."

Xiao Feng had just asked Momo to order an iced cola for him. In this hot summer, an iced cola is just so refreshing.

As soon as Xiao Feng walked over, he saw Momo taking out her money, intending to pay the bill.

Currently, even when orders are placed online, payment is almost always made in cash; the concept of mobile payment is still lacking.

"I'll pay the bill." Xiao Feng took the Coke from Momo's hand: "You guys go ahead and eat, don't worry about it, I said it's on me."

Momo didn't stand on ceremony any longer: "Okay, thank you, Mr. Xiao!"

"How much is it in total?"

The deliveryman's name was Wang Wei. He was wearing a plaid shirt and there was no uniform.

He is about 1.7 meters tall, and his hairstyle is the most common type nowadays, with thick, side-swept bangs that he flicks from time to time.

He was still a little out of breath, with sweat pouring down his forehead, and took a moment to calm himself down.

"Two servings of fried chicken and a Coke cost 40 yuan in total, and the delivery fee was 8 yuan, making the total 48 yuan. This delivery fee was already displayed when I placed the order."

Wang Wei also specifically explained the errand fee.

The delivery fee isn't actually that expensive, considering it's only a 3-kilometer round trip for this one order.

Furthermore, even with an 8 yuan delivery fee, it's almost impossible to make any money, as the team's normal operating expenses and labor costs are still there.

Xiao Feng took out a whole 100-yuan bill from his pocket.

"Here you go, keep the change, consider the rest a tip."

When Wang Wei heard that the rest was all tips, he was briefly surprised, then looked at the 100 yuan... His first reaction was not excitement, but gratitude towards Xiao Feng.

"Thank you, boss. Thank you, boss. I wish you great wealth." Wang Wei thanked him repeatedly, bowing slightly with each word of thanks.

In the very instant of the exchange.

The entry was then refreshed.

[Random entry: Wang Wei is 23 years old and currently an entrepreneur. He is the founder of the "Help You Run Errands" APP, with a team of 11 people. His biggest dream is to create a nationwide food delivery platform, but due to funding problems, the team faces disbandment at any time.]

It turns out that Wang Wei, the man in front of me, is the founder of this errand-running service, and he actually came to deliver it in person.

That's normal, given the current environment. In the early stages of setting up a small team, almost everyone works together.

I deliver food during the day and organize programs at night; it's the early stage of starting a business.

Moreover, there weren't many orders a day to begin with, so it was almost a deficit, and they still had to keep putting money into it.

This is precisely why many small teams don't need competition from peers, and naturally, they can't continue operating.

As far as I can remember, there are at least 1000 teams of all sizes across the country that want to make a living in this field, but very few of them are actually making money.

With the final injection of capital... it was a decisive blow...

After reviewing the displayed entries, Xiao Feng had a general idea of ​​how to conduct the conversation.

"Your app has great links and is very convenient," Xiao Feng said casually.

But this one sentence made Wang Wei even more excited than when he received the 100 yuan tip.

"Thank you for your recognition, boss. We hope you will place your orders here every time in the future. We can deliver regardless of wind or rain."

"The service is so good?" Xiao Feng pretended to be surprised again.

"Absolutely, that's the service we provide. Rain or shine, even if you, boss, want to order takeout in the middle of the night, we can deliver."

"You must be making a lot of money, right?"

"..."

Xiao Feng's sudden remark... was a real sting to Wang Wei.

Wang Wei was originally quite enthusiastic... but this sentence seemed to extinguish his momentum.

Xiao Feng said that on purpose.

"Sigh." Wang Wei sighed first, his smile becoming unnatural. "To be honest, boss, I'm actually the founder of this app. My name is Wang Wei."

"Although I am the founder and our team is full of passion, the reality is that we are facing great difficulties."

"For example, this order, boss, don't be fooled by the fact that I make 8 yuan per order. If our team of 11 people takes turns delivering food, we can only do a maximum of 50 or 60 orders a day."

"Eleven people can only earn about 400 yuan a day. After deducting the team's normal expenses and labor costs, we still have to invest money every month."

"No, it should be that I have to put money into it every day. I've already put in more than 30 yuan. 10 yuan of it was given to me by my family, and the other 20 yuan was borrowed by me. So if the business fails, I will have to go back to working honestly with 20 yuan in debt."

"But the results so far... are still unsatisfactory. It feels like... the 30 yuan invested hasn't even made a ripple... Sigh!"

Wang Wei poured out his grievances to Xiao Feng, who had given him a 100 yuan tip.

Anyway, Wang Wei doesn't have any other orders, so he can chat here all day without any problems.

Faced with Wang Wei's grievances, Xiao Feng, as a reborn individual, knew better than anyone that in the current market environment, without financial investment, the team would not last more than a year.

Not to mention the thousands of competitors, the main issue is that food delivery is not yet widespread. Getting users to get used to it would require a huge financial investment.

Xiao Feng got used to ordering takeout because there were all sorts of outrageous customer acquisition promotions at the time.

For example, a plate of green pepper and egg rice at a familiar shop costs 10 yuan.

The customer spends 10 yuan, and the owner earns 10 yuan.

This is also the standard price.

But after the entry of food delivery capital, ordering food on designated apps not only eliminates delivery fees, but even a serving of green pepper and egg rice that originally cost 10 yuan only costs 5 yuan at most.

The restaurant owner originally sold the green pepper and egg dish for 10 yuan, but he could get 15 yuan for it.

This is essentially a two-way subsidy for both merchants and users.

That's why... they were able to quickly capture the market in a very short time.

So... if nothing unexpected happens, Wang Wei's team will likely only last a year at most... before Wang Wei joins a new company, earning 4000 to 5000 yuan a month, carrying 20 yuan in debt, aimlessly paying it off, and from then on, this entrepreneurial venture will only be a part of his life experience.

Despite Wang Wei's outpouring of grievances, Xiao Feng still looked surprised.

"Surely not? Such a great project, such great service, and it's not making any money?"

Wang Wei's smile became even more stiff: "There's no way around it, the competition is too intense. Just from my rough analysis, there are at least 500 teams across the country working on this project."

"And I've seen some teams even starting to advertise free shipping on GG, which is just burning money."

"Competitors like these, a small team like ours, and without financial support, really can't compete."

"That makes sense." Xiao Feng nodded symbolically. "Now that you mention it, it does seem quite difficult. But why not try to attract investment? Such a good project should have someone considering investing, right?"

"Indeed, but..." Wang Wei choked up for a few seconds, "but they won't invest in a small team like ours. The risk is too high, and for a team like ours to truly succeed, we need continuous, phased investments."

"Each stage requires a lot of funding. For example, right now, our team can only cover 5 kilometers. Only after we grow bigger can we consider the entire district, then the city, the province, and finally the whole country."

"So what seems like a small project now is actually a bottomless pit if you want to make it big and strong."

Xiao Feng listened attentively to Wang Wei's explanation.

This project, in its current form, is indeed not worth investing in unless you are 100% certain.

After all, this is a phased investment. The further we go, the more money we'll have to burn to seize market share.

But once they successfully seize the market, their market value and profits will be no less than those of Rice Porridge Group.

"If this is the first phase, and you want to capture the entire district's market, how much investment do you need right now?"

Upon hearing Xiao Feng's question, Wang Wei didn't think much of it and answered almost casually.

"I calculated before that it would cost around 100 million, but we simply can't come up with that amount of money. Now we're in a dilemma. We're reluctant to disband, but we feel like we can't hold on if we don't disband."

After Wang Wei finished speaking, the passion he had shown earlier vanished from his face.

It felt like Xiao Feng had made her feel depressed.

The main reason is that Xiao Feng's questions are always very insightful and hit the nail on the head.

Ultimately, the root of all these difficulties lies in the lack of sufficient funds to sustain operations.

"A million, right? I'll invest in this project!"