I can see the yield

Chapter 240 Little Bear has been established for one year and is preparing for the CFA level [-] exam

Bear bike.

It has been a year since the founding time. After May 43 last year, Zhang Long purchased Jiujiantang No. [-] Courtyard from Xiong Xin. At that time, Xiaoxiong Bicycle had been established, but it had not yet been officially operated.

Later, Zhang Long joined, and injected funds and a number of suggestions, and then directly and quickly started.

In mid-June last year, it went online.

……

"I haven't been boiled for a few days?"

Zhang Long came to Xiao Xiong's bicycle venue and couldn't help joking when he saw Xiong Xin scratching his head and resting his forehead. He just got together during the May Day holiday a few days ago and talked about the company's development and operation. He knew a lot of things.

The Cubs themselves want to expand the market, and there are opponents chasing after them.

"It's good to be cooked."

Xiong Xin sighed weakly, "Once he dies, there won't be so many headaches. The external development is already busy enough, and the internal is still making trouble."

"Human nature and interests."

Zhang Long shrugged. Moriyue Capital and the other two companies will not work honestly. It is certain that they will develop and expand for the common bear, but they are also slowly wooing and dividing factions in order to gain more power at the helm.

As a person, there is a price.

Loyalty doesn't matter, it's just that the bargaining chip for betrayal is not high enough, and few can hold real money.

In the past, no admission meant that there was no gap, but after the three capital institutions entered the market, they have the right, no matter in the project operation or the Cubs' board of directors. Many newcomers joined the Cubs.

Rights and prestige are bound to be apportioned.

Don't you know how many entrepreneurial jobs are eventually swallowed up by capital, and the founders take care of themselves or flee.

Of course, Xiong Xin Niu Ying is not easy to bully, not to that extent, but it is inevitable that there will be different voices in the company and sing the opposite.

For example, someone wants to build some advertisements in the APP to return blood to profit, or remove the little red car.

In terms of market expansion, the low-cost small yellow car definitely has an advantage, while the small red car has a high cost and occupies a lot of resources, so the cost performance is not very high.

After all, in the stage of market expansion and occupation, the faster the better, the market will be established first.

Makes sense, yes.

It's just that the hidden danger is bigger.

……

Although Zhang Long was just an ordinary person in his previous life, he also saw all kinds of miscellaneous news or posts, and he still understands ofo: the reason for falling behind.

The quality of the little yellow car is too poor, and it will be scrapped after riding for a long time. The cost of this part is very high.

There is also customer experience.

Going out to scan the QR code, the little yellow car is either punctured or flat, or the lock is broken. There are not many good ones. It’s okay once, twice, or three times. of.

The last time it has to be a deposit of 198.

Although there are still 298 deposits with better quality, the quality of 198 deposits is enough. The damage rate is not as high as that of the small yellow car, and the customer experience is not bad. It is the most suitable in terms of cost performance, although the small yellow car is being promoted. Marketing and expansion made a big contribution.

It is undeniable that the low-quality small yellow cars with large production capacity were quickly laid to the whole country, and the heat wave was rolling.

Fighting the country is easy and defending the country is difficult.

Although the small yellow car also began to launch better quality models in the later stage, the damage and scrapping of low-quality models in the early stage took up too much money, and many users lost their trust and experience long ago, so they were unable to recover.

Until the sudden bankruptcy, the deposit refund users lined up to more than 1500 million people. If 99 million people were calculated at 15 yuan per person, it would be [-] billion. This is just a queue.

At peak times, more than 1500 million people lined up to refund their deposits, and those who have already been refunded will increase as they are refunded.

In other words, before the bankruptcy of the small yellow car, the number of unrefunded deposit users can reach 2000 million, 20 billion.

Where did the money go?

It is undeniable that some original equity holders have already cashed out and left, but the online deposit alone is worth 20 billion, and at least 5000 to [-] million people have registered before including those who no longer use it after registration, which is very scary.

However, it was still bankrupt.

Arrears to suppliers, operators, user deposits, etc., at least 30 billion in cash value was burned or evaporated, a super deep pit.

The market value of Internet companies generally expands by ten times or dozens of times, and 30 billion is equal to a value of 300 billion.

It's about the same.

At the peak of the previous time and space, the market value of ofo was close to 300 billion, the market share was the first, and it was worth this price.

Therefore, even if there are other reasons for ofo's bankruptcy, the most apparent is a series of losses and costs caused by low-quality models, which must be paid attention to.

This is also the reason why Bear Bicycle has two model lines running in parallel since its establishment last year.

Xiao Huang and Xiao Hong, 4:1.

……

From the start of operation on the campus, the small yellow cars are rapidly laid and expanded to occupy the market share, while the ratio of better-quality little red cars is gradually increased. The ratio of the two models will increase from the initial 4:1 to 3:1, 2:1 [-].

Even later, gradually covered.

In the later stage of earth space-time sharing bicycles, low-quality models have long since disappeared. In the last case, the quality of the deposit is 198 yuan to survive in the market.

If the quality is too low, it will be scrapped and high, and it will also affect the various experiences and uses of customers, and it will not be suitable for the later stage.

For now.

In the college bicycle market that Shanghai initially launched, the two models of Bear Bicycles are all red except for some low-quality yellow bikes reserved for the bottom line.

After all, there are still many students who are reluctant to deposit more money, even 99 yuan is too much.

Fortunately, the competition among several shared bicycle companies belongs to the competition, but they did not roll in the deposit. The mainstream is still 99 yuan, 198 yuan, or 298 yuan.

Unlike various paid riding activities, new users can basically enjoy a three-month free period.

After all, there is no shortage of capital, and a lot of funds are needed for market expansion and launch operations. If the deposit is reduced to dozens or even free, the overall cost will be too high, and it will not be able to support the operation of the market at all.

Unless very rich and powerful.

But if this is the case, it is tantamount to breaking the market rules. In order to expand by any means, even the capital will be greatly hurt and feel uncomfortable for each other.

Bear Bicycle’s plan is correct, and the development model and operation model are also correct, Xiong Xin very much agrees.

Therefore, the launch of the little red car will not be temporarily stopped, and the low-quality little yellow car will quickly occupy the enclosure.

Zhang Long is not worried about this.

However, when the market matures in the middle and late stages of the future, the deposit-free payment will inevitably come ashore. If the payment giants enter the market and adopt the credit interface without deposit, it will be very uncomfortable. If Bear Bicycle does not join, it is bound to collapse.

Unicorns are too strong.

If you are so strong that you have to surrender as long as you are interested in your project, otherwise there are ways to buy you, or you will be mutilated and killed, and you will not surrender. The only way to resist is to seek other giants to settle in, and the result is the same.

It's nothing more than which giant has more conscience.

The unconscionable company that takes you directly supplements its own territory, takes power and is at the helm, and the original team will invite you out if it is disobedient, and even kill you.

Those who have a conscience, only settle in for supervision and not take power at the helm. It is enough for the company to grow bigger and stronger and make money lying down.

Mutual assistance and win-win, common prosperity.

……

"More than thirteen."

This afternoon, Zhang Long watched at Longding Venture Capital that he has invested in more than [-] companies, starting with the first "on-the-job education" project, and later merged into Tianhong Venture Capital, Bear Bicycle, Chasing Wind Animation, And the release of Xianyu and Longteng later...

Among them, the second-hand trading platform Xianyu is the most valuable. It is still expanding rapidly, and the smallest value has the potential to exceed [-] million. Of course, the premise is that it can survive until then, after all, the project will hit the street.

There have been some projects that were relatively imaginary before, and the investment stopped and closed down.

There is no 100% win rate.

"Spending is greater than income."

Zhang Long continued to check the report. Project investment is a long-term behavior. After the operation of "on-the-job education" starts to stabilize, the income from recruiting students and affiliated education materials will gradually pay back and start to make profits. Although not much, as long as there are no problems, it will be profitable. very long lasting.

Moreover, it is not a cram school for elementary and middle school students, so even if there is an educational earthquake in time and space like before, it will basically have no impact, so don't worry.

Small investment, stable income.

Unless we continue to expand some branches and open chains across the country in other cities, the value will increase greatly.

Of course, the 'vocational education' company that invested in has a plan. After all, no entrepreneurial team stands still, and sometimes if they don't advance, they will retreat.

If you don't make progress, you will be eliminated slowly. Fortunately, it is steady and steady, but it is time to expand and develop.

There will be no profit for a while, and the profit will be expanded as a chain branch to increase brand holdings.

And that's just one of them.

There are also some other projects that have not even started to make a profit and balance, and need to invest and inject capital all the time. For example, the two projects of Chasing Wind Animation have not yet been released, and the expansion of Xianyu market is also purely spent. It will be quite a lot.

There are no bear bikes yet.

The only company with a relatively good profit is Tianhong Venture Capital, and dividends will be recorded from time to time.

Venture capital, long-term value investment.

After a project matures, if it does not feel like investing in experience, then sell it now. For example, if the equity shares of an 'on-the-job education' company are sold now, the net profit will be at least three times higher, which can be regarded as a success.

The performance of Tianhong Venture Capital is very good, the prospect of Xiaoxiong Bicycle is very explosive, and the return on investment has already increased by ten times.

However, it's actually fast too.

……

Friends, respect each other.

After all, Longding Venture Capital is in the same business as Tianhong Venture Capital. Zhang Long always occupies a large share of equity in Tianhong. Even if Zhang Shangyu has no objection, what about the other directors and even the new senior executives who came in later?
In this regard, in fact, Zhang Long had a few chats in No. 43 Courtyard on May [-]st, but Zhang Shangyu waved his hand and said that it doesn't matter, at least it doesn't matter this year.

It has only been more than a year since Tianhong was founded, and it is still under development. It is usually three or even five years before the fruit is divided, so don't worry.

After all, late-entry high-level executives need to complete corresponding performance and wait for three to five years before they can divide their equity.

Before that, Zhang Long could hold on to himself.

Although Zhang Long went to Tianhong Venture Capital less and less often, every time he met to discuss some issues or project proposals, he was very sharp, which avoided many projects in Tianhong's development and reduced the ups and downs.

This cannot be bought with money.

But even so, Zhang Long also has a preliminary plan. By the end of this year, he will be pulled out from Tianhong Venture Capital, and he will have to earn a little extra for other latecomers.

Because it is not necessary to wait three to five years before decentralization, and those with excellent performance and ability can advance.

Wait for the time to change the agreement.

Starting with a not too high value in advance in this way, when the performance of the term of office is completed and reaches the standard, it is equivalent to low cost and high return, so it is more motivated.

In fact, this aspect also exists in Longding. For example, Ji Feng and He Kejiao have incentives.

Any company that wants to become bigger and stronger will share the fruit, unless the annual salary is particularly high.

Or just working part-time without seeking rights.

It is true that becoming an equity director of the company sounds good and benefits, but if the management is not good in an instant, the equity shares that were worth hundreds of millions before may not be worth tens of millions or even less, which means years of hard work will be in vain.

Therefore, there are also some capable and capable talents in the market who only get a very high salary.

The annual salary is hundreds or even tens of millions.

……

"Guan Guan Jujiu..."

It was night, and Zhang Long was lazy and murmured softly. The CFA Level 6 exam was about to take place in early June, so he was studying except for the necessary busy time in May.

It's not that I've been studying hard by myself, but I hired a tutor, who looks ordinary.

Of course there are also beautiful tutors.

It's just that although Zhang Long is very confident in his own strength, he is not necessarily sure about the opponent. After all, there are so many handsome men who are rare in a hundred years, what if he resorts to tricks?

The more beautiful a woman is, the easier it is to take shortcuts. Beauty is a weapon, and it is not shabby to use it.

But even so, Zhang Long studied with a tutor in a small room on the Bund, and he did not get rich too much.

It's just that he looks a little handsome on the outside.

"call."

Zhang Long let out a sigh of relief. At this point, the tutor had already left. Looking out the window at the magnificent and splendid scene of Lujiazui, the Bund of the magic city, it felt like a dream countless times, and he would suddenly wake up someday.

It doesn't matter if it's a dream.

However, all the textures and touches are so real, if it is really a dream, not to mention other things, the passion of rolling the bed alone will be awakened and cannot be finished.

Many, many times in the previous life, I was touched by a touch of cool and wet passion in the early morning, leaving me with infinite melancholy.

So nothing much to think about.

The only thing that is certain is that if he were the protagonist in the novel, he would be quite boring. Apart from making money easier, he would have no other characteristics. and so on, none of these.

The only one who had a bit of hatred was Sheng Xin's former directors, You Dong and Guan Dong, but they were expelled peacefully, and did not cause the other party's family to be destroyed and killed.

There is no such thing as You Dong and Guan Dong who are secretly envious and jealous after Shengxin's huge value now.

Everything is normal and stable.

Although it is true that he has recruited a woman he likes, such as Luo Man, Liang Xueliu Yurong, and even Qian Caiying, a tsundere girl, is a little bit better than nothing.

Of course, not without incident.

Shengxin, Tianhong, Xiaoxiong Bicycle, Chasing Animation, Longding Venture Capital, etc., actually have them all.

It's just worth worrying about, there are other middle and high-level people who have solved it separately, which is basically not worth mentioning.

Thinking of this, Zhang Long sighed lightly.

Some things are about to come to an end.

(End of this chapter)