Mr. Wang raised his glass and touched Pang Xiaonan for a while, but was not in a hurry to drink it. He said quietly: "Projects are good projects, but there are still a few issues that we need to consider carefully." He poured the glass of wine into his mouth.

Pang Xiaonan looked at Mr. Wang and felt that the old man in front of him had invested in several Internet projects. Now his thinking is keeping pace with the times and knowing to make steady progress. "What else should I consider? Let's listen?"

"First, this is just a preliminary prototype. We are not sure how far he can go and how much investment he needs. That is to say, how much money he has to burn in the process of adjusting the algorithm? You must know that if you want to do a good job in Internet projects, it is very expensive. If you burn hundreds of millions of dollars, even the most wealthy consortium cannot afford to lose." Mr. Wang has known the level of money burning in Internet projects, so the small projects he invested in before did not burn much money.

"Several millions?" Pang Xiaonan was a little scared, "What do you mean is that it may be that hundreds of millions of burned have not yet seen the results? That's too scary, but I'm a little confused. Where will these hundreds of millions of burned?"

"I tell you, an investment of hundreds of millions of yuan is nothing for large Internet projects," said Mr. Wang, who has picked up a handful of green beans and put it in his mouth. "Where has the money been spent? I will count it for you. The first is to buy servers. If you want to support a large amount of content, you must have a large number of servers as storage. The second is to buy bandwidth. The broadband at home now costs hundreds or thousands of years. He wants to support so many people to watch online. The bandwidth is tens of thousands or even hundreds of millions of dollars per second. Think about how much money, and the third is the development cost. Think about it.

A chef has to adjust the taste you like full-time. Once this software becomes bigger, it will adjust the taste for hundreds of millions of people. How many chefs will it take? Finally, there is another piece of money that is also very troublesome, that is, advertising costs. Because no one knows about a new software in the early stage, no one will use it, so you must invest in advertising in the early stage. It is not enough to just invest in advertising. It may also cost some money to attract people to download and use it. For example, if you encourage a person to download our software, as long as it is successfully installed, you will be given a few dollars. This is also a huge expense."

Pang Xiaonan was secretly shocked when he heard this. After Mr. Wang calculated this, he really had a few hundred million investments. He didn't know if he could last for several days for his millions of funds. "If you calculate this way, then you can't invest in this project?"

"Don't be too scared," said Mr. Wang, turning his tone and pointing to the plate of re-cooked meat. "You see, we eat vegetables, but we don't eat them in one bite. You can eat vegetables slowly, and you can invest slowly. Moreover, in the investment process, some benefits will still be generated. It is impossible to just burn money but not make money."

"So should I invest or not?" Pang Xiaonan was so angry that he heard that he was not his expertise. Investing was not his expertise, especially Internet projects. He had never been exposed to it before. Internet gameplay and offline business are completely different things. Leave professional things to professionals, and he doesn't want to die too many brain cells.

"You can invest, but we must control the rhythm and try to let the funds roll in it without adding too much money." Mr. Wang drank the soup and had already thought of some countermeasures in his mind.

"Oh, I think even if I invest, my millions of funds don't seem to have any effect, right?" Pang Xiaonan's concerns are reasonable. According to Mr. Wang's algorithm, if this project really needs to invest hundreds of millions of dollars, the shares occupied by millions of dollars can be almost negligible. Investing in this project is equivalent to throwing the money into the sea, and throwing it into the sea will make a sound, but by then the project can't be played, and millions will be really equivalent to burning it.

"You don't understand this. Although millions are nothing to the overall investment amount, we are angel investment," said Mr. Wang, who is worthy of being a veteran of Internet investment. "What is angel investment? Without our millions, he will not even think about starting to operate. Once he starts to operate, our angel investment is the original stock. The more the shares go, the more diluted the shares will be. For example, I now occupy one dollar, but at the end of the stock may be 100 yuan to occupy one share, because the risk of angel investment is the greatest. When the project is done, everyone will see the future, so naturally the shares will rise and the higher the price will be valuable."

"What you mean is that I may be able to occupy tens of millions of shares later." Pang Xiaonan understood what Congressman Wang meant, and couldn't help but yearn for it. Millions to tens of millions, and the value has increased tens of times, which is indeed a good business.

Member Wang shook his head and said, "You underestimate Internet projects too much. It is normal to make millions of dollars to tens of millions, and it is entirely possible to make hundreds of millions of dollars."

"What are you hesitating about? Just vote." When Pang Xiaonan heard those scary numbers, he couldn't help but start.

Member Wang nodded and said, "We have made a decision whether to invest or not. The next step is to see how to invest, that is, how many shares to invest, how many shares to occupy, and whether to control the shares."

"As I said," Pang Xiaonan picked up another piece of meat and ate it. "I invested all the millions. You said that Internet projects cost money. I don't like to do it. Just be more focused. I can do this project. Take some risks and take some risks. Wealth and honor are so popular. Who told him to make such a big profit?"

"Millions of start-up capital are enough." Mr. Wang took a sip of the soup, "Then how many shares are you going to occupy?"

Pang Xiaonan was stunned for a moment. He looked at Member Wang and replied carefully: "Don't you take a share based on the investment amount? Oh, by the way, you said it was an angel investment, which means that the other party has no money and he just produced technology."

"It's not that the other party has no money, it's just that his previous experience is just working, and it's impossible to take out a lot of money. If he has millions and he starts working by himself, how can he come to me?" Wang Zhengmaster continued to drink the soup, "But he can't afford a penny. In this case, it's not safe for investors, because he only loses time, and what we lose is real money. He may not be careful in the operation of the project. Therefore, the other party needs to invest money, but we must invest in big heads. Of course, the other party also needs to occupy some technical stocks, after all, he needs to do things."

"Actually, I think it's the main thing to negotiate the share allocation," Pang Xiaonan summarized some experience. "Even if the other party doesn't have enough money, we can advance funds. When the project makes money, he replaced the dividends with debts. I think if the person who actually operates the project holds too little shares, he will not care about it."

"What you said makes sense," said Mr. Wang, "The people who work on the project should not hold too few shares, but I don't think there are too many. After all, we are giving him money to play with. We think we should control the shares, that is, occupy more than half of the shares."

"Why do you need to control the shares?" Pang Xiaonan knows what it means to hold the shares. "Once we control the shares, will the actual operator of the project feel that he has no right to speak and cannot be motivated? I think the actual operator should control the entire project so that he can better use his talents and realize his original dream." For those with dreams, Pang Xiaonan always feels that it should not interfere with their judgment and style of conduct, and that greatest autonomy should be given, otherwise the dream will be deviated when it is realized.

"You're wrong." Member Wang held a handful of green beans and put them in his mouth. The crisp smell left a fragrance on his lips and teeth. "The holding is not about not giving the actual controller of the project, but about protecting our own rights. If the project operator does not invest money and he has the final say in the dividends or the most, how can we ensure that the direction of the project operation is what we want to see? He has taken advantage of all the advantages. There is no such good thing in the world. We can control the shares, but we can hand over the right to the actual operator of the project, which at least ensures that our returns can be maximized. Or we can also sign a bet agreement..."

Pang Xiaonan quickly raised his hand to stop Congressman Wang: "Old Wang, don't explain to me. You can just invest as much as you say! If you continue, what I eat this night will be useless. You are too complicated and consume too much nutrition."

"Okay, then I'll make the decision. Let me talk about my plan." Mr. Wang took a piece of bread and tore off a piece of lump in his mouth. "Because the startup capital is not much, I plan not to spread it too much at the beginning. Start with the simplest content. What is the simplest content? I think it is text. Because the file size of text accounts for the smallest, it consumes the least server and bandwidth, which can reduce expenditure. After the text is made, then put the picture on. The picture is slightly larger than the text. At this time, we have obtained a certain amount of customers through the form of text, and have made a part of the profit, and then invested in the picture. After the picture, we invested audio and videos. In this way, all content forms are covered and the rhythm of ladder development is formed. What do you think?"

Pang Xiaonan smashed his mouth, took a deep breath, and said, "I think it's inappropriate. Why should these contents be integrated together? Should each form be made into a single project first, and after it is expanded, it is better to integrate it in the end?"

Mr. Wang shook his head and said, "Didn't you find it? There are currently the same website or app on the market for a single project, and it is already very large. If you want to compete with them in the early stage, you have almost no chance of winning. For example, there are so many websites with text content and several websites for listening to books. These websites have been playing for many years and have accumulated a lot of loyal users. If you want to compete with them head-on, you can't make any profit."

Pang Xiaonan nodded and said, "You are right. There are other websites doing these separate content sections, but aren't they doing the traditional search? They don't use big data to push content that you are interested in, right?"

"That's right, but after all, they have a huge user base. After all, we launch the same website. When they see the threat, they will naturally study the function of big data push. Can you guarantee that our technology is the only one? It's impossible. Money can make the devil push. They can dig our technicians by spending some money," said Mr. Wang, who used a spoon to dig, "and even poached our entire team directly. So in the early stage of development, we'd better not fight with giants head-on and give them the chance to suppress us."

Pang Xiaonan raised his lips and raised his hand to point at Member Wang, "Old Wang, Lao Wang, I am worthy of being an old business man. I can't reach your level. You are right. You can't fight head-on with the giants. You can't go to the village quietly and shoot, so as not to attack us in a circumvention and surround us. The mall is like a battlefield. We can only overtake on the curve and suddenly surpass it while the giants are not paying attention."

"That's right, that's the reason, so we should focus on the information integration platform. This will not easily attract the attention of the giants and can develop first in the cracks. When the giants realize it, the time will be beneficial to us." Mr. Wang analyzed slowly, and ate bread in the middle and took a sip of soup.

"Okay, listen to you, text first, then pictures, then audio, and finally video," Pang Xiaonan picked up another piece of meat and chewed it with relish, his mouth full of greasyness. "But I have another last suggestion, can I combine text with pictures? I found that people nowadays are becoming less and less interested in reading text, but if you put a picture inside, can you be interested in it? Are illustrations popular in books nowadays?"

"Well, your suggestion," Mr. Wang ate the bread and stared at the soup in the bowl. "I will discuss it with the project initiator, because these content forms are temporarily some of my initial ideas. What will be followed in the end? We still have to seek the opinions of their developers or do a market research."

"Yes, professional things must be left to them to judge. I'm just giving a suggestion." Pang Xiaonan put a bowl of rice, picked up a piece of scrambled eggs and put them in a bowl, and ate two bites of rice.

After eating a few bites of rice, Pang Xiaonan suddenly remembered a question, "Lao Wang, the preliminary plan for this project is set, but my original intention of doing the project is charity. Your project has not helped me solve the employment problems of students in difficulty in Dongli Military Academy from beginning to end?"

Mr. Wang narrowed his eyes, raised the corners of his mouth, and replied: "Why don't you? Haven't you found the job here? You can taste it carefully..."

Pang Xiaonan stopped what he was doing, thought for a while, and finally figured out what Mr. Wang meant, "You mean, the developers of this project should try to use students from Dongli Military Academy as much as possible? But this can only solve the employment of some people. What should you do if you let those students who can't program?" Pang Xiaonan did not want it to become a simple Internet company. The result he hoped was that any capable student could find his own position in this project, no matter what major.

Mr. Wang picked up the bread in his hand and dipped it in his mouth, put it in his mouth, and said, "In addition to the development personnel, there are other positions in this software project. If you think about it carefully, what else can students who can't program do?"

Pang Xiaonan thought for a long time, finally shook his head and said, "I can't think of it, so I'll ask you for advice."

"In addition to software development, this project also requires a large amount of content. Who provides the content?" Mr. Wang raised his wine glass. "In addition to part of it collecting the most popular fresh information by machines, a large amount of original information is also required. Can't this part of the work be completed by people?"

"You mean, let those students who know how to program become editors?" Pang Xiaonan looked at Mr. Wang in confusion, "It seems that it is not realistic. Is it okay to be an editor? Although the students of Dongli Military Academy are not much less well-educated, at least they have passed the composition, but they have to be editors and create an article that everyone loves to read. It seems that it is not that simple, right?"

Mr. Wang first smeared the hops on his mouth and said, "Who said that the content should be good in writing? Have you ever read the Internet? When online sales were just popular a few years ago, what was written? It's not a lot of people reading it? No one reads those world classics because they can't understand it."

Pang Xiaonan nodded and said, "What you said is indeed right. I have also watched several online movies. It is indeed a lot of nonsense and typos, but... it looks good, it doesn't take brains to watch, and the plot is attractive, but it's too time-consuming, one movie is several million words."

"So, it doesn't have to be good at providing content. As long as someone reads the writing, it's enough." Mr. Wang picked up a handful of vegetables and put them in his mouth. The bowl of vegetables was empty, leaving only a little soup. It seems that both of them love to eat vegetables. "I was born with the ingredient, and people with poor writing may be funny. Serious people may like to preach, and people with average connotations may look good. In short, everyone can discover his highlights."

"I probably understand what you mean." Pang Xiaonan frowned, "If you know how to program, you should develop software, and if you don't know how to program, you can provide content on this platform. Whether it is text, pictures or videos, after the platform has content, it can attract more and more audiences, and the content is increasing, and it will attract more and more audiences."

"That's the reason," Mr. Wang stretched out his chopsticks and picked it up in the bowl of the refried meat. He found that only peppers were left, so he put the chopsticks into the bowl of fried eggs, where a small piece of egg was lying alone. "After the software is made, the content will be enriched first, whether it is machine collection or manual editing, in short, all the good content will be put on it, and then the advertisement will be made to attract users to come and see it. Then recruit a group of authors to create more good content, and then attract more users, forming a virtuous cycle. In this way, the software will develop better and better, and more users will be more and more."

"The idea is good," Pang Xiaonan poured a glass of wine for Member Wang. "But there is another question. This content creation is not limited to the student group, right? After all, there are only so many students and the content of creation is limited. We must open the author's entrance to others, right? Experts are among the people, and maybe other people's content is much better than students. Doesn't that mean that those students who create content will be subject to fierce competition?"

"Well, your concern is right. At this time, we will reflect our respective abilities. The Eight Immortals cross the sea and show their magical powers," said Mr. Wang, who took the wine glass handed over by Pang Xiaonan. "We can only guarantee that the earliest batch of authors will be opened to students who need funding, but gradually, we will relax all author rights and anyone has the opportunity to become content creators to obtain profits. At this time, the algorithm is very critical. We must pay wages according to the popularity of the content. In other words, if no one reads your content, you will not get money. This eliminates the phenomenon of occupying the pit and not pooping, and achieves the survival of the fittest and eliminates those authors who are not qualified."

Pang Xiaonan nodded and said, "According to the software development plan, this should be done. Selecting good content and good authors will help the long-term development of this project. However, in this way, those poor students who are funded may be eliminated."

Mr. Wang raised his wine glass and said, "It's no wonder. Don't forget that although your fund is charity, it must be based on long-term development. If you simply give money, then you should give money. But you say that you are creating a project to create employment opportunities and let the sponsored person feel like he is rewarded without any reward. Since it is an employment opportunity, there is a possibility of elimination. How can you have a job? At the beginning, we gave priority to relaxing the author's authority to students and giving certain traffic support, that is, trying to make their works reach the eyes of as many people as possible. This is already charity. If such support still cannot make money, it only means that their content is too bad. Either they are lazy or lacking intent. As a professional worker, who else can you blame?"

"Yes! We are so kind and righteous," Pang Xiaonan raised his glass to clink with Mr. Wang, and then drank it all in one go. "Just do it like this. The project is pretty good. I agree with it. I won't participate in the rest. However, my fund now has a partner. If a company is established, I hope my partner can enter the management level, because I want her to help me watch the operation of the fund. Although it is several million, not much based on the scale of Internet investment, it is also earned by us with hard work. I hope it will be safer."

"This is no problem. I'll talk to the project founder. He should listen to us. There is no start-up capital. He is the water without a source, and the moon is like water." Congressman Wang agreed and asked again, "Is there any wine? Do you want to drink another bottle?"

Pang Xiaonan quickly waved his hand and said, "Forget it, Lao Wang, the most wonderful feeling is that it seems like a drunk but not a drunken state. Besides, although your body has recovered, your functions are a bit aging after all, so be more relaxed."

The two of them had a meal and drank until 10 o'clock in the evening. Seeing that Congressman Wang was a little sleepy, Pang Xiaonan stood up and said goodbye: "Old Wang, let's go here today. I'll ask you about the project. When you have time, you can make an appointment with the founder. I'll take my person in charge here. If they meet, they will mainly go to connect in the future. Just let me give you some advice."

Member Wang nodded and said, "No problem, wait for my news."

The next day, after Pang Xiaonan finished practicing, he arrived at the school. This morning there was an advanced mathematics class. In Class 303 in Building 1, Pang Xiaonan arrived in the classroom in advance and found Huang Minghu.

Huang Minghu was dozing off while sitting in his seat. When he saw Pang Xiaonan coming, he happily pulled him down, "Brother Nan, I'm so Nan, you're here, sit down quickly, I miss us so much."

Pang Xiaonan sat down and said with a smile: "What, do you miss me?"

Huang Minghu patted Pang Xiaonan's shoulder, exaggeratedly revealing a row of big white teeth, and said, "That's all about it. It's just day and night. You don't know. I sent tens of thousands of dollars back home. My parents asked me where I got the money. I said I earned it, but they didn't believe it. Until I explained the causes and consequences, they reluctantly believed it and said that I would thank you very much. You said, how do you want me to thank you? Otherwise, let's go to Xihulou for a good meal?"

Pang Xiaonan frowned and said, "What's so fun about West Lake Tower? Or do you ask me to make a big sword?"

Huang Minghu was stunned for a moment, then understood, pointed at Pang Xiaonan and smiled softly, "I didn't expect that Brother Nan, you are such a person. Hey, I heard that there are many places to play with big swords on the Fallen Street outside the school, and you can get a 20% discount on the student ID."

Pang Xiaonan pretended to be surprised and said, "Is it true or false? Is the student ID useful?"

Huang Minghu said confidently: "It was reported by the class leader of the next class. They used the class pay to play together. It was too corrupt. Nowadays, college students are really degenerate, and they have fallen to the extreme..."

Pang Xiaonan quickly stopped Huang Minghu's feelings and hugged his shoulder and said, "Forget it, I won't be that depraved person anymore. I'm kidding you, do you think I am that kind of person? You earn hard money, you deserve it. Don't thank me, thank you yourself."

"Brother Nan is righteous!" Huang Minghu gave Pang Xiaonan a thumbs up, and then asked anxiously, "Brother Nan, your breathing shield project has been suspended for some time. When will it be restarted? The price of breathing shields on the market is not low now. Should I hit the iron while it is hot? But I don't hide it from you. The main reason is that all the classmates can make money. Many classmates are asking about this. Also, they think that the boss behind the scenes is Zhang Ping. I did not give you as your instructions. Now, Zhang Ping has become an entrepreneurial star in our department. You don't know that many boys think about Zhang Ping day and night, they are beautiful and profitable. Who doesn't want to find her to be a girlfriend?"

Pang Xiaonan pointed to Huang Minghu and said, "Haha, I understand, you all have bad stomachs - you can only eat soft food, right?"

Huang Minghu touched his stomach and pretended to say, "How do you know that I have a bad stomach? I have had a bad stomach since I was a child, but I don't have soft food. If Zhang Ping could give me soft food, I would be content in my life."

Pang Xiaonan glared at Huang Minghu and said, "I think you are the only one who can eat hard food! Don't think about it, it's better to support yourself and make yourself a man and give others a soft food!"

"Well, listen to you," Pang Xiaonan patted his chest, "I want to be a tough guy!" Then he attached himself and headed towards Pang Xiaonan, "But Brother Nan, you have to promote me more. If you have any projects to make money, don't leave me behind."

Pang Xiaonan said confidently: "No problem, the new project is about to be launched, and you will still be a veteran!"
Chapter completed!