After lunch, Su Yehao took Zhao Yimeng to Mountain View in Santa Clara County and found a cafe to sit and rest.
Zhao Yimeng dragged his chin with his hand and said listlessly:
"No wonder you specifically arranged the address of the company's new headquarters here. The scenery is really great. Although it is not a majestic mountain, the plain scenery has a different kind of beauty and makes people feel relaxed."
Su Yehao drank coffee to refresh himself, with a donut placed in front of him.
It was the kind of donut with frosting on the surface and it was so sweet that he gave up after just one bite and explained:
"I don't care about the scenery, the main thing is that the land here is cheap enough, which not only allows the company to save money, but also allows employees to own their own properties. During the Internet winter, the local city council agreed to let me buy land and build houses. The total plan
The construction of 12,000 housing units, I think it was at the beginning of 2002, and now housing prices have risen a lot."
After hearing this, Zhao Yimeng laughed, looked around, and whispered: "You are so bad, your employees help you work, and you still work in the family's old business of developing real estate, and then turn around and earn their wages."
Su Yehao shrugged and said calmly:
"One code is one code. Even if I don't earn the money, it will be earned by other real estate developers. My employees will only pay more at that time. It is mainly a corporate benefit to attract talents to join.
"
Of course Zhao Yimeng could understand, and continued: "Stanford University is holding a graduate recruitment recently. I went for a walk a few days ago and saw the emoji group's station."
"Well, the company is expanding rapidly and needs to hire a lot of manpower."
Digging an ice cube with a spoon and putting it into his mouth, Su Yehao looked at Zhao Yimeng and asked curiously: "How are you and your family's business doing recently? I heard my dad mentioned it before, and it seems that your family went to Sijiucheng.
I took some pieces of land."
"That's right. My dad thinks that taking advantage of the Olympic Games to be held, some new opportunities may be released. I guess you probably haven't paid attention to it at ordinary times. Donghuang Group is doing very well in business in the mainland, and its market value has exceeded that of the peak period in 1997.
Reaching about 19 billion Hong Kong dollars. Now on the Hong Kong Stock Exchange, the concept of real estate in the north is particularly popular. With the size of your family, Sihai International, the market value is estimated to reach 100 billion Hong Kong dollars in one fell swoop."
Zhao Yimeng paused for a few seconds and laughed at himself:
"As for myself, although I listened to your advice before and invested in companies like Amazon, my capital is a bit small. Even if the increase is relatively high, I will only earn two or three billion Hong Kong dollars, which is not comparable to yours."
"...You can't compare with me. A business genius like me may only come out once every thousand years. If you always stare at me, you will get lost in the dazzling light and end up looking for trouble. Isn't that how you behave?
Things go by in just a few decades. If you set your goals too high, you will be very tired."
After listening.
Eyes twitching, Zhao Yimeng said: "I think it makes sense, but I also really want to beat you up. How thick-skinned must a business prodigy born once in a thousand years be to be able to say such things calmly?"
"This is the fact. I still firmly believe that Amazon is a good stock, but it is still a long way from profitability. It will be in a state of burning money in exchange for users and the market for a long time. This can force other competition
Rivals are shunned, and even if it has been able to achieve profitability, they will give it up in order to avoid taxes. In fact, its revenue scale and total profits have been rising."
Su Yehao explained slowly and added: "If you don't understand the underlying logic of the growth of Internet companies, you won't be able to choose good projects. If you want to make quick money, you can invest in Yanwen stocks, or participate in Google's financing, and Amazon's
We have to wait patiently for a few more years to see real returns.”
Every time before, I felt that the Internet market had reached its peak, causing Zhao Yimeng to miss many opportunities.
In the last one or two years.
She tried to invest according to Su Yehao's advice, and indeed made a lot of money. Donghuang Group followed the example of Sihai International and went north to develop, and also found new profit growth points. It had already got rid of the dilemma of almost going bankrupt a few years ago, and won a lot of career progress.
Second spring.
A simple calculation shows that Miss Zhao's family fortune now amounts to about 10 billion Hong Kong dollars.
Although it cannot be compared with the Su family, in just a few years, the total assets of the Zhao family have almost doubled, which is actually quite impressive, since the base is relatively large after all.
Zhao Yimeng listened carefully and asked, "So what do you think the underlying logic is?"
"It can be summed up in three points: traffic is king, scale effect, and being one step ahead. Because of this, if you want to select a hot product from a large number of start-up companies, the probability is very, very low, and luck may be more important than vision. And
If you directly participate in Series A or even Series B financing, most of those companies have basically run through the model, at least have a concept that can be sold, and their chances of success will be slightly greater."
Su Yehao deals with these businesses all day long, and teaching Miss Zhao is not as simple as eating and drinking.
Although Zhao Yimeng has a good eye, he has a very big appetite.
Most of the projects she paid attention to were start-up companies, and some so-called Silicon Valley celebrities took away dozens or millions of dollars in angel round financing from her with just their words.
For example, a company that engages in car rental business may have some market in the mainland, but this is the United States.
Even many homeless people can easily own a car and use it as a mobile tent to protect themselves from the wind and rain. The number of car ownerships over the past few decades has reached a terrifying figure. About 80% of the American population owns their own car.
Promoting the Internet car rental business here is obviously a thankless task. It is estimated that people only think of using car rental websites when they go to other places to do business. When it is inconvenient, the operating costs are too high and the model is difficult to maintain. Not to mention, it is still very difficult.
It may face resistance from traditional car rental companies, a market that is already saturated.
I advise Zhao Yimeng to invest in Series A or even Series B. At least he will encounter projects that have been screened by others, which is more reliable than wasting money.
I get tired easily in the afternoon. I didn’t get enough sleep today, but I feel even sleepier after drinking coffee.
After a long nap, Su Yehao thought that although Zhao Yimeng was smart, he failed because he thought too much.
If she were as obedient as Jiang Yu and Nangong Tian, with Zhao Yimeng's super high starting point, she would be worth at least 5 billion Hong Kong dollars now. She missed out on the skyrocketing Yahoo and the emoji group in its early rise, etc.
Fortunately, it’s not too late to look back now. Silicon Valley was almost frozen in the past few years. Now a new round of opportunities has emerged. A number of Nasdaq technology stocks, including Yanmoji Group, have experienced alarming gains...