Sometimes it is really difficult for people to understand each other.
Fang Zhuo couldn't understand why Xiong Xiaoge seemed to be frustrated and encouraged him to start Quora.
Xiong Xiaoge also couldn’t understand why such a number one figure in China Internet could ignore promising websites and insist on going to the fiercely competitive Red Ocean.
"Because Mr. Xiong believes that there are huge uncertainties in both the Android system and Yike mobile phones, although investors are willing to take advantage of the fire, they should also try to avoid risks."
"If you ask him to go against his professional instincts now, of course he will be unwilling to do so."
"Besides, IDG's budget is one million, right? How much will Mr. Xiong get if he invests in Android?"
Yu Hong expressed her feelings after watching Xiong Xiaoge's constant stalking and instigation for two days.
From her standpoint, of course she fully supports Yike's mobile phone project, and the Android operating system is obviously an important part of it.
However, this premise is that Apple can come up with excellent products that can subvert the market. Otherwise, Yike's music player can still survive as an Internet music player.
But even if it can survive, it will not be as moist as it is now, and it will have to find ways to tie up record companies.
Yu Hong communicated her considerations with Mr. Fang, and received the latter's approval that the mobile phone project would not hinder the accumulation of music copyrights, while the record company could wait a little longer.
The prospects of Sony Bertelsmann Music Company may not be that great. Regardless of Sony or Bertelsmann, once the music industry as a whole declines, Yike, as the company's minority shareholder, will most likely have good opportunities.
"No, Lao Xiong's initial budget was not 1 million, just 500,000." Fang Zhuo frowned after listening to Xiao Yu's analysis, "I really didn't consider what you said. Lao Xiong may be afraid of spending more money.
?”
Yu Hong nodded slightly: "If I really invested 1 million in Android, I would have invested it, but now that there is an Internet project that sounds feasible, naturally..."
Fang Zhuo said regretfully: "I thought that based on my friendship with Lao Xiong, he should trust me more."
"What makes you make such a wrong judgment?" Yu Hong joked, "Famous investors always have their own judgment and persistence."
She smiled again: "Who can believe you as you say?"
silence.
silence.
Fang Zhuo drank half a cup of tea: "Actually, actually, there is a small thing to do during this trip."
Yu Hong frowned and said, "Say."
"You know that several investment banks have not sold all the stocks they hold, right?" Fang Zhuo said.
Yu Hong nodded. This is because the new player track created by Yike and Apple has shown a strong growth curve. Last year, the two companies combined sales of more than 4 million units, and this year they must reach at least 20 million units.
go.
If the growth rate continues next year, Yike's stock price will have a very optimistic performance in the next two years.
"The funds to raise the ice core are about to expire, and the funds to buy the Rockets are about the same. I am considering selling the stocks in my hand, but I am afraid that selling too much will stimulate them." Fang Zhuo said, "
After all, our competitors are also very strong, and the company’s future performance depends heavily on the competitiveness of its products.”
Yu Hong turned her thoughts around and couldn't help but laugh: "As a big boss, it's hard for you to leave because you're afraid of causing a chain reaction. Well, the idea came to me? Why?"
She also holds 3.18% of Yike's shares, which has long passed the embargo period. This part is worth about US$200 million.
"It's just a matter of discussion. If you don't want to, forget it. I'll think of other ways." Fang Zhuo said slowly.
He is the major shareholder of Yike, and the U.S. Securities Commission has many regulations in this regard. It not only requires submission of regular financial statements, but also requires advance filing. The number of shares that can be sold cannot exceed every three months.
1% of shares outstanding or average weekly trading volume over four weeks.
Therefore, Fang Zhuo must make plans in advance to avoid any unexpected effects.
"Where are the shares in Weiwei's hands?" Yu Hong glanced at them.
"I haven't told her yet." Fang Zhuo replied.
Yu Hong nodded: "Okay."
Fang Zhuo explained: "After the turnover is smooth, you can absorb it from the stock market again. Apple's mobile phone project will definitely have an impact on our company."
Yu Hong still nodded: "Okay."
"I'll calculate the interest on this money for you. Don't worry, it'll be fine." Fang Zhuo promised.
Yu Hong still nodded: "Okay."
Fang Zhuo didn't know how to answer the call for a while, Xiao Yu was too straightforward.
At this time, there was a knock on the office door, and Xiong Xiaoge came to lobby again.
Yu Hong smiled at Xiong Xiaoge who walked in and said, "There will always be someone who trusts you. Since Mr. Xiong doesn't believe it, then I will."
Xiong Xiaoge was shocked: "How could I not believe Mr. Fang? If I didn't believe him, how could I come to the United States with him? It's not like we're not busy at home!"
Fang Zhuo felt a little complicated and sighed: "Since you believe me, then you can lend me 200 million to cross the bridge."
Xiong Xiaoge said without hesitation: "Yes, the interest rate can be discounted, but it will take time. I will help you contact me to find the money."
Fang Zhuo and Yu Hong were both shocked by these words. Is Mr. Xiong really crazy?
Xiong Xiaoge smiled and said: "I don't dare to invest 2 million in you, because with such a small amount of money, you may really lose it to me without blinking an eye, but if it's 200 million, you will definitely pay it back.
.”
Yu Hong said sincerely: "Bear always has great wisdom."
Xiong Xiaoge asked cheerfully: "Mr. Fang, do you really want it?"
Fang Zhuo asked back: "Old Xiong, do you really give it?"
Xiong Xiaoge spread his hands: "Do you want it or not?"
Fang Zhuo rolled his eyes: "What are you doing here?"
"Giving money!" Xiong Xiaoge said righteously, "IDG America, Citigroup, and Wells Fargo Bank can all invest in your Quora. I chatted with friends and everyone is interested in your project.
It’s not a problem to raise five million US dollars, it’s enough to get started.”
Five million dollars is not enough to start Quora, it is more than enough.
Fang Zhuo: "..."
Since Old Bear is so enthusiastic, especially considering that he can say this about helping to find money to cross the bridge, it is not easy, it is really not easy.
Nothing to repay, nothing to repay.
I could only reluctantly agree to send him a Quora.
Fang Zhuo breathed a sigh of relief: "Old Xiong, I personally think it would be more interesting to build a Q&A community like this. But in terms of profitability, I'm afraid I have to try more. I can't promise you even indicators such as listing. It's a new one."
Stuff, you understand, right?"
Xiong Xiaoge did not back down because of Mr. Fang's disclaimer, and solemnly said: "Of course I understand."
"How do you three allocate investment?" Fang Zhuo asked again.
"IDG China 100, IDG America 100, Citigroup and Wells Fargo each 150." Xiong Xiaoge said.
Fang Zhuo nodded without blinking: "IDG200, and two 150s, what about the Android company? What do you think now?"
In the past two days, Xiong Xiaoge was not only busy listening to his peers’ thoughts on Quora, but also conducted further research on the prospects of Android companies and mobile phone systems, and finally came to a conclusion.
He said firmly: "Mr. Fang, you also know that I am the president of IDG China. This is the United States after all. I am crossing the line to invest in a project that I am not very optimistic about..."
Fang Zhuo sighed and said: "That's it, that's all, Old Xiong, there is one last condition."
Xiong Xiaoge said solemnly: "Mr. Fang, tell me."
"The first question when Quora was founded is for you to answer, so that everyone can understand the judgment thinking of an excellent investor. The question is, what are the correct decisions that an excellent investor has made?" Fang Zhuo said.
Xiong Xiaoge laughed loudly: "Mr. Fang, do you have so much confidence in the Android system? Do you want to destroy me, don't you?"
He also had great confidence in himself and his colleagues, and he agreed: "No problem."
Xiong Xiaoge turned to look at Yu Hong again: "Mr. Yu, you can bear witness to us. This time I want to try again with Mr. Fang."
The president of IDG China was in high spirits because of the launch of a very good project.
But Fang Zhuo had no interest in "trying it out" and said lazily: "The website is very simple and can be completed in a few days. You can make a draft first, Old Bear, you can be the number one on Quora."
users, can give the first answer to the first question."
"I will help Quora attract some well-known people from different industries. Most of the money you invest will be used to buy Google ads. I will also hire a few professional managers. I will make strategic decisions in terms of operations."
"Your $5 million accounts for 30% of the shares, 10% is reserved for the option pool, and the remaining 60% is reserved for me. Is there any problem?"
A familiar road.
Xiong Xiaoge likes Mr. Fang’s efficient decision-making.
He asked a small question: "Will the invitation system you mentioned last time be implemented?"
"In the early stage, we need to create high-quality content and have a style. Once we have a certain amount of content and users, it will be open to a wider range of users." Fang Zhuo said calmly, "Try new things."
Xiong Xiaoge nodded happily.
He laughed: "The second question on the website could be what is it like to be the owner of an NBA team?"
Fang Zhuo sighed for who knows how many times today: "Old Xiong, you have already started. The last thing is that the website must have its own style. Let's add 'thank you' in the first sentence before answering questions.
"
Xiong Xiaoge felt that Mr. Fang had indeed planned it for a long time.
He chatted for a few more words and left the office happily to finalize the investment.
Yu Hong waited for Mr. Xiong to leave and then said: "You can also answer 'What is it like to be the richest person in the world?' 'What is it like to be in charge of a listed company?' After looking at it, this website is quite interesting. Can it be profitable?"
"You can actively explore." Fang Zhuo replied, and then said, "I have already thought of the answer to the question you gave as an example, and it is about the 'listed company'."
Yu Hong asked curiously: "What's the answer?"
"Thank you for the invitation. I can't answer this question because I am in charge of two listed companies." Fang Zhuo gave the answer calmly.
Yu Hong couldn't help laughing and commented: "The taste is a bit strong."
She shook her head, folded the documents on the table together, and said, "I agreed to the shares. Remember to pay them back."
Instead, Fang Zhuo said, "Why don't you think about it again?"
"Then go talk to Weiwei. It's strange, why are you worried about using her shares now?" Yu Hong asked.
Fang Zhuo shook his head, unable to answer this question.
"See you tomorrow. Say hello to Teacher Xu for me in the afternoon." Yu Hong left the office.
Because we need to communicate with the Android company about Yike's mobile phone project, Xu Keden, who is recently in charge of this project, will be on his way to New York to introduce the situation more professionally.
Yike is already vigorously building a team in China, and the United States will do the same later.
If you want to make a good enough mobile phone, or in other words, if you want to make a mobile phone that can allow Yike to continue to live, it is not enough to just accumulate hardware. Parts based on the Android system are applicable and subsequently optimized, and the touch screen solution of the capacitive screen is not enough.
There are challenges in terms of planning and so on.
Currently, Yike’s mobile phone project has a set cycle of two years.
In other words, from April 3, 2005 to April 3, 2007, Yike needs to come up with a more mature Android phone to compete with Apple's iPhone.
Otherwise, Yike will run into fatal trouble.
Fang Zhuo can't remember the specific trends of Apple, but considering the difference of full touch screen, as long as Yike and Sharp can successfully solve the touch screen problem, the mobile phone will not be uncompetitive.
Based on his respect for Apple mobile phones, he is now also initially thinking about the market strategy of Yike mobile phones.
One thing is certain, you must give full play to the advantages of your smartphone.
Fang Zhuo's tentative plan for this aspect is not to compete in hardware or systems, because it is not clear whether they can beat Apple's parameters, but to start competition from another angle.
Yike established a studio to make games based on the Android platform to gain popularity and drive product sales.
For example, Fruit Ninja.
For example, Temple Run.
For example, Angry Birds.
For example, Plants vs. Zombies.
The performance of mobile phone intelligence starts with these.
All these require preparation in advance, and they all need to promote the research and development of the Android system, so that there will be more cards to play on the day when Yike will be tested.
Fang Zhuo was sitting in the office organizing his thoughts, writing and drawing, recording key points, checking for deficiencies, and waiting for the arrival of product director Xu Keden.
At 4:30 in the afternoon, just as Xu Keden had just stepped into Yike's president's office in New York, IDG China President Xiong Xiaoge called in again.
"Mr. Fang, there is no problem, there is no problem with the three families." Xiong Xiaoge said with a smile, "Everyone trusts you."
"Old Xiong, you are still capable. You have confirmed your intention so quickly." Fang Zhuo could only praise.
"Otherwise? After all, I am also a CEO. I really think I can make a living just by hanging around." Xiong Xiaoge refuted.
