With a carrot and a stick, the effect is immediate.
Before the McKinsey team arrived, Su Yehao visited the icq and tvt headquarters every day and could clearly feel that these employees were much more honest.
Both companies have plans to go public, but they may not be able to catch up with this round of Internet bubbles. The main reason is that even if they are forced to go public, they may not be popular and there is no time to accumulate.
Considering that after the madness, there will be a lot of chicken feathers, and the market may have to be quiet for a few years, Su Yehao is no longer in a hurry to go public to make money, and continues to focus on riding on the trend, and uses some funds to increase leverage, and is bullish on the Nasdaq index and more
listed companies.
His net worth keeps rising. Counting the valuation of TVT, he already has a net worth of about 700 million US dollars. Most of it is earned from the Nasdaq market. During this period, the profit from option positions has exceeded
In the last month or so, I have made more than 300 million U.S. dollars in profit from the rise in the stocks I hold, which is equivalent to getting back the money I paid for the acquisition of icq.
Su Yehao's net worth seems to be quite different from that of many super-rich people in the technology circle.
But you must know that this is just what he achieved in just over a year, which is enough to make people's jaws drop.
In other industries, it would be extremely difficult to make so much money in such a short period of time, but in the current Silicon Valley market, there has already been a wave of wealth creation myths.
For example, Bill Gates' net worth has increased by more than 10 billion U.S. dollars this year. Yahoo founder Yang Zhiyuan also earned about 2 billion U.S. dollars this year. There has been a major reshuffle on the rich list, and the rankings of many established rich people have dropped.
It was only mid-July, and the hot weather could not suppress the enthusiastic ambitions of investors. Many start-up companies were able to obtain millions of dollars in investment funds with just one business plan. It is no wonder that TVT's valuation has risen rapidly.
Since icq was acquired by Su Yehao and spread the news to the outside world that it has found a profit point, icq's valuation has reached about 450 million US dollars. However, it has no plans to accept financing yet, so the valuation is just a number.
In recent days, Su Yehao was taken to a small party by John Zhou and met many new friends in the local area.
Hearing others talk about how easy it is to find money, but even if you want to get 10 million, investors have to raise 20 to 30 million US dollars, this is a reminder to Su Yehao...
Although I am not in a hurry to go public, I want to get the two companies in my hands together as soon as possible. I can take advantage of the boom in the market and raise a round of financing to come back.
Once the funding problem is solved, you won't have to worry about company expenses out of your own pocket in the next few years.
Isn't it wonderful to borrow a chicken to lay an egg?
If you are thick-skinned enough, after the bubble bursts and the valuation drops, you still have the opportunity to buy back the transferred shares at a low price, and the price difference may be as high as hundreds of millions of dollars.
Thinking of this, Su Yehao approached Roger Cruyff, the newly appointed interim CEO of TVT, and said with a smile that he would provide him with another 20 million US dollars, and he must find a way to increase the number of users of the product no matter what.
You can also start preparing for the launch of profit points such as membership, virtual goods, advertising, etc., and strive to make the revenue data more beautiful.
Sunshine, grass, beach chairs, and azure outdoor swimming pool.
July 22nd.
Su Yehao was wearing big pants, lying under a parasol, drinking smoothies and eating watermelon.
Nong Qingying was wearing a long skirt, sitting next to her with her head down reading a book, and she was still saying:
"Damn it, I'm afraid you're busy. Seeing how free you are lately, isn't it like you've moved to another place to recuperate? Silicon Valley is really boring. Why don't we go back together? It just so happens that the day after tomorrow is my mother's birthday."
Gu Xian
"well."
Su Yehao put down the cup and put his arms under his head. After sighing, he continued: "I never expected that the business I was optimistic about would be so unpopular. Except for AOL, no one competes with me. Advertising
The delivery effect is also very good. You can't go to the company every day and sit in a daze from work to work, right?"
"Hasn't your competitor been acquired by you and continues to compete with AOL for the market?"
"This is not a rush. Besides, their paid chat group is doomed to a dead end. I can't beat them with money. What can I do?"
Su Yehao looked lazy, with his eyes closed, so comfortable that he almost fell asleep.
What he means by "unpopular" is that there are not many teams that start up businesses in the field of instant messaging. You can see some occasionally, but they have not yet developed.
It is so strong that AOL’s total market value is nearly 50 billion US dollars.
The weak ones are too weak, they are all small teams that don’t know if there will be a tomorrow.
Under this situation, tvt should not have an easy life. After a week in the United States, with the support of advertising and traffic, tvt's daily active users increased by more than 80,000, and the increase continues to expand. Word of mouth spreads, attracting many new users.
.
Some users were stolen from icq, which is equivalent to exchanging their left hands for right hands and not flowing into the fields of outsiders.
The reason why the instant chat market has not been paid attention to is simply because the future is dark. Even a company like icq, which has 7 million users, is not as big as Cisco. Yahoo's market capitalization is worth a fraction of the money. It is very expensive to attract users, and it has not been seen for a long time.
return.
With this clear precedent, how could entrepreneurs not see that investment institutions have also given up on icq, treating it as a niche market that can be finished at any time.
In fact, AOL's paid group chat alone is not worth that much money.
The reason why this company's market value is astonishingly high is mainly supported by businesses such as online communities, online news and information services. It now claims to have 20 million users and is very close to advertisers, which makes people think it has a bright future.
In short, AOL is a large group, and the paid chat rooms that Su Yehao focuses on are only a small part of its many businesses. Taken alone, they are worth about 1.5 billion US dollars at most.
The ceiling is here, and the process of attracting users is very expensive. No wonder entrepreneurs in Silicon Valley dare not enter this industry.
Part of the reason why icq has accumulated seven million users with its extremely simple functions is that no one is competing with it. The space for users to choose is too small. In the past, there was almost only icq, and recently there was a TVT.
After Roger Cruyff took office, he only found a few suitable advertising spaces in his personal space after research. Any more would easily offend people.
The disadvantages are obvious, and how to realize them is a difficult problem.
Su Yehao has recently been sending people to find a suitable game development team. At the same time, he is also paying attention to search engines, browsers, video software, news websites, etc., in order to find ways to convert the customers accumulated by the instant chat software into companies through traffic drainage.
income.
Su Yehao didn't have a clue for a while, so he wasn't in a hurry. Investment was the big deal anyway, so he could support it here.
The eighth day in Silicon Valley.
There was no mass killing as imagined, and the company had little activity.
After hearing Nong Qingying say that he wanted to return to Hong Kong City, Su Yehao also felt that there was no point in continuing to retire here, so he simply agreed to go back together.