I Won a Prize of 100 Million at the Beginning, and I Became a Capital Boss

Chapter 11 Is Mr. Zheng going to open an Internet company?

Zheng Wentong didn't want to go at first. After all, Ramp Capital is just a rookie in the capital market, and it's hard to get acquainted with Ali Ma, Penguin Ma, Qiandu Li, Ding Sanshi, and Rebs.

My cousin Yang Jianbin has got his driver's license and has become Zheng Wentong's full-time driver and personal assistant.

The little aunt is still working hard to pass subject three, but there are many drivers and cars in Ji's apartment, whether it is Jianwen or Zheng Anguo, they can be guest coaches in the driving school to teach her.

Yang Jianbin wants to follow Zheng Wentong to the first World Internet Conference held in Wuzhen to meet the world and pay homage to these Internet tycoons up close.

After Ahri was listed on Nasdaq in September, its shares have been rising all the way. Teacher Ma is now proud of his fortune. His personal net worth will soon surpass Li Chaoren and become the new richest man in Asia.

"Jianbin, the level of this meeting is relatively high. There are many big leaders and big names in the industry participating. Some meetings are not open to the public."

"Even if you go there with me, you may not have the opportunity to meet these bigwigs up close." Zheng Wentong tried to dispel his cousin's plan to go to Wuzhen to see the excitement.

"Brother Tong, I'm your full-time driver and personal assistant now, and I should have followed you."

"Brother asked me to listen to your orders, talk less, do more, and have insight. If it doesn't work, I'll wait outside the scenic spot for you to finish the meeting." Yang Jianbin didn't care.

"The conference will be held for three days, so if you are either in the hotel or in the car every day, it will be too boring." Zheng Wentong felt that it would be no problem for him to drive a Mercedes-Benz to the conference.

"Second brother told me that both the secretary and the driver belong to the rich man. You also want to train me so that I have a future. Don't worry, I will listen to you and not lose face for you." Yang Jianbin expressed his determination.

"Okay, since you want to go to get some fresh air, let's go together. The family doesn't speak two different languages, as long as there are no outsiders present, if you don't understand anything, you can ask me at any time."

Zheng Wentong had inquired about Yu Jianjun from Himalaya and Cai Haoyu from Mihayou were both invited to participate in this conference. Zheng Wentong also wanted to communicate with the two face-to-face and talk about ramp capital’s investment in their company.

On the afternoon of November NO.17, Zheng Wentong and Yang Jianbin drove to Wuzhen.The staff of the scenic spot had already arrived in place ahead of time. After they checked Zheng Wentong's certificate and the invitation letter for the conference, a beautiful policewoman in white clothes guided Yang Jianbin to park the Mercedes-Benz S400L in the parking lot outside the scenic spot.

"My darling, the scenic spot is closed to the public now, you Internet rich people are really big enough."

"Don't compare me with this group of bigwigs. This year, Slope Capital didn't receive an invitation letter. I'm a casual meeting, and I came here bravely."

Yang Jianbin smiled, "It's okay, it doesn't matter if you didn't receive it in the first session, there will definitely be one next year, and there will be more than one."

After becoming a shareholder of station B, Zheng Wentong and Xu Ru from the investment department visited Puhai Himalaya Technology Co., Ltd. and dealt with Yu Jianjun.

In May 14, Himalaya has completed the A round of financing, and the company's valuation is 5 million US dollars.

All investment institutions are overseas capital. SIG Heiner Asia Ventures, KPCB Kleiner Perkins, and Sierra Ventures completed a financing of US$1150 million for Himalaya.

Yu Jianjun is undoubtedly a CEO who is very good at telling stories to investors. From 14 to 21, Himalaya conducted as many as 9 rounds of huge financing, and failed to hit the listing three times. The company’s valuation has risen with the tide.

Yu Jianjun was waiting for Zheng Wentong in the hotel where he was staying. As a junior, Zheng Wentong stepped forward to shake hands, "Mr. Yu, hello, sorry to keep you waiting."

Yang Jianbin followed behind Zheng Wentong, remained silent, and sat aside.

Yu Jianjun asked Zheng Wentong to take a seat, "I thought Mr. Zheng would bring Ms. Xu to Wuzhen this time. Has Mr. Zheng changed his assistant?"

The last time Zheng Wentong visited the Himalayas, Yu Jianjun was deeply impressed by the glamorous Xu Ru, and envied Zheng Wentong for finding such a knowledgeable and interesting beautiful female assistant.Zheng Wentong did not explain that Xu Ru is actually an employee of the investment department, not an assistant to the general manager.

The proprietress of the homestay served a pot of Longjing, and Yu Jianjun began to exchange pleasantries with Zheng Wentong, "I think the venue for this meeting is well chosen, the Jiangnan water town, small bridges and flowing water, looking at the beautiful scenery outside the window, leaving the hustle and bustle of the city, I feel a lot more peaceful in my heart. "

"Indeed, we are so busy every day that we wish we could have 48 hours in a day. This time it is a sneak in from our busy schedule." Zheng Wentong sipped his tea and agreed very much.

Yu Jianjun snorted, but didn't show it on his face.The founders of Internet companies like this are of course extremely busy every day.

Zheng Wentong's slope capital has been established for a few months, and he has only invested in a B station. He has the nerve to say that he is busy?
"There is no way, we are born to be a hard worker, domestic private entrepreneurs are too tired. After the company is listed, I will hire a professional manager to take care of the company, retreat behind the scenes, and spend more time with my family." Yu Jianjun was deeply touched .

"By the way, Mr. Yu, how is the infringement lawsuit between your company and Xuan Ting Entertainment going?" Zheng Wentong asked a concerned question.

As the leading audio platform in the industry, Himalaya has successively uploaded five well-known online novels such as "Douluo Dalu" and "Panlong" without the official permission of Qi.dian.com.cn.

Yu Jianjun's face is not very good, which pot Zheng Wentong does not open and which pot to lift, the court has already pronounced a judgment, requiring Himalaya to pay 15 yuan to Xuan Ting Entertainment.

"These are uploaded spontaneously by users on the platform, and they have little to do with our company. After all, online audio copyright also applies to the safe harbor principle of the Internet industry."

The safe harbor principle refers to when a copyright infringement case occurs, when the Internet service provider only provides space services and does not produce web content.

If the network service provider is informed of the infringement, it is obliged to delete it, otherwise it will be regarded as infringement.

For example, Xuan Ting Entertainment notified the Himalaya platform and asked them to remove these online novels. If he did not delete them in time, it would be regarded as infringement.

If the infringing content is not stored on the server of the network service provider, and whether it has been informed that the content should be deleted, the network service provider shall not be liable for infringement.

Later, the safe harbor principle also applies to search engines, such as Qiandu, network storage, such as online disk, and online libraries, such as HowNet and so on.

"Mr. Yu, I am very optimistic about the new Internet track of paying for knowledge. Similarly, Lizhi FM and Dragonfly FM, whose market share is not as good as yours, have the same problem, but Himalaya has the largest number of users, and the gun is the best. The copyright party is natural. Pay more attention to your company."

Zheng Wentong thought to himself, not long after these online novels were published, Himalaya finished producing and uploading them efficiently. No one believed that users uploaded them by themselves. Otherwise, why would the court order Himalaya to pay 15 yuan in compensation.

Paying for knowledge is indeed a blue ocean in the Internet industry. Fan Deng Reading Club and Logical Thinking have many fans. After the traffic is realized, their annual income is no less than that of a listed company.

Yu Jianjun deeply sympathized, "Hey, who said it wasn't? In fact, we are increasing discretionary procurement every month, but we still can't keep up with the growth rate of the number of users."

Since the establishment of the company, Himalaya has fallen into a vicious circle of losses. The more copyrights are purchased, the more losses will be made.

Although Yu Jianjun has always said that he does not pursue profit and does not set a profit timetable, the patience of investors is slowly worn out in this way.

"Mr. Yu, in fact, this lawsuit may not be a bad thing, but it will usher in a turning point for Himalaya."

"I noticed here that this year Amazon launched the world's first smart speaker, which was well received. I believe you must have noticed it too. You will be able to see the same product from a domestic company next year."

"Tesla, the leader in new energy vehicles, can already replace the central control screen with a tablet."

"Now is the era of mobile Internet, but although the number of mobile phone users can still grow, it will reach the ceiling in a year or two at most."

"Smart speaker users and car owners will be new growth points for the number of Himalaya users. Whether it is at home or in the car, listening to a book quietly is a wonderful enjoyment."

"Penguin Group is ready to acquire Xuan Ting Entertainment, promote the merger of Qidian.Chinese.com and Founder.Chinese.com, and establish a new Yue.wen Group."

"Actually, Himalaya may wish to introduce copyright owners as the company's strategic financial investors, not limited to online literature platforms, such as music copyright owners, such as Sony Music, etc., can cooperate." Zheng Wentong gave his own suggestion.

Yu Jianjun was very moved. He once thought he was good at telling stories, but Zheng Wentong had already told him a better story, and he could almost instill this idea into other investors.

Although Zheng Wentong is an investor born in the 90s, Yu Jianjun believes that Zheng Wentong has a deep understanding and long-term thinking about the development of the mobile Internet. Perhaps this is also the advantage of young people in the Z generation who have been exposed to the Internet since childhood?

The face-to-face communication was very effective this time, and Yu Jianjun invited Zheng Wentong to dinner alone.The braised mutton and white water fish in Wuzhen made Zheng Wentong salivate, but assistant Yang Jianbin liked the local specialty Dingsheng cake very much.

Yu Jianjun welcomes Zheng Wentong to join Himalayas. He believes that with Zheng Wentong's joining, the two of them can produce a chemical reaction of 1+1 greater than 2 together.

Together, they tell better stories to other investors and push Himalaya's valuation higher, and the two have the same interest in this regard.

The two people also reached a preliminary agreement on the current valuation of Himalaya, with a market value of about 7000 million US dollars, but they still need to communicate with the three funds of the A round of financing.

After half a year, the valuation of Himalaya has almost doubled compared with the A round. Zheng Wentong expects to invest 350 million to 400 million US dollars so far, and the shareholding ratio fluctuates between 5% and 6%.

Of course, regarding the specific shareholding ratio and the equity valuation price, Yu Jianjun will further communicate with other management of the company and the three funds of the A round of financing. Some of them may also be willing to sell part of the shares.

After talking about the business, Yu Jianjun praised the hardware facilities and services of the meeting in Wuzhen.

"Don't even mention that Wuzhen has fully upgraded its network infrastructure in advance, with two [-]-megabit optical fibers and five gigabit optical fibers connected to the scenic spot. It has achieved [-]-megabit broadband to office desktops and free WIFI network coverage throughout the town."

Yu Jianjun is quite satisfied with this point. Although he is not in the company, he can work in the hotel, which is convenient for him to contact the company team. He will inform other management of the news that Ramp Capital is preparing to invest in shares today.

Zheng Wentong was thoughtful, and the free WIFI covered the scenic spot, and he vaguely had an inspiration.

"That is, from the moment I entered the scenic spot, the staff of the conference helped me download the No. [-] mobile phone software. This software is specially designed for participants like us."

"As soon as you open the app, you can see the meeting location, the day's agenda, and traffic at a glance. At the same time, you can communicate and interact, switch between Chinese and English, and the development team has spent a lot of effort." Zheng Wentong thinks this software is very practical.

"I think this software should be developed by Ahri's technical team." Yu Jianjun guessed.

"I think so. This is also the implementation of the theme of the first World Internet Conference 'Interconnection, Sharing and Co-governance'."

"Interconnection?" Zheng Wentong repeated. Now he knew what he was going to do, so he bid farewell to Yu Jianjun, and the two agreed to visit the first Light of the Internet theme exhibition held in the scenic area tomorrow.

This themed exhibition will be held from November 11th to 18st in the hallway and misty rain corridor outside the hall of Zhenshui Resort Hotel in Wuzhen.

Zheng Wentong is interested in the latest cutting-edge technologies and application production scenarios of domestic and foreign Internet companies in the four major fields of Internet media, culture, business, Internet technology, information security, and smart cities.

I heard that Huafu Group also sent a team to participate in the exhibition. I wonder if Zheng Wentong will meet his former colleagues from the software development department tomorrow.

Zheng Wentong first contacted Yao Yutong, the financial manager, and told her about her plans to invest in Himalayas, and asked her to make preparations in advance.

In addition, I contacted Chen Lei, the personnel manager, who had just finished eating, "Mr. Zheng, is there anything urgent?"

Ramp Capital gets off work at six o'clock and never works overtime. This is also the first time Zheng Wentong called her after get off work.

"There is indeed an urgent matter here. I am going to set up a software development department. You are going to publish recruitment information and recruit a software development team of 10-15 people. I am going to develop a mobile phone software called Universal WIFI."

(End of this chapter)