The Millennium Semiconductor Survival Guide.

Chapter 117 Zhihu Emerging Investment and Internet Conference
As an electronic payment company, with the development of the Internet industry, people will become more and more aware of the importance of the electronic payment field.

Giants like Apple will also try to build their own electronic payment applications in the future.Not to mention the natural advantages of Amazon and eBay.

Therefore, NewPay's current advantage is only a first-mover advantage, which is not obvious. If NewPay does not introduce more investors and all of them are in the hands of Zhou Xin, the future development will only become more and more limited.

Therefore, Zhou Xin has always welcomed the introduction of external investment in NewPay. He wanted to drive out Goldman Sachs and Morgan because Goldman Sachs and Morgan have very few personal clients, and their personal clients are all large-capacity clients.

Zhou Xin even hopes that his investors will be banks that focus on personal business, online shopping companies such as Amazon and eBay, and insurance companies that focus on personal business.

The help that Goldman Sachs and Morgan can bring to NewPay's future development is extremely limited.

After these two institutions entered, they became more and more aware of the value of NewPay. In the short term, it is difficult to let them out.

Zhou Xin thought: It seems that we can only wait until the Nasdaq bubble bursts.

After Time Warner's acquisition of Quora was completed, Zhou Xin realized that soon after this acquisition, the bubble of Nasdaq might burst.

In the words of Huaguo, this is called burning oil and flowers blooming brocade must be a harbinger of decline.

After Time Warner bought Quora at a sky-high price, Wu Shiqiang's life is better. He does not look at the face of the monk but at the face of the Buddha. The boss behind him is the richest man in the world second only to Bill Gates.

Emerging capital will still have no money?

Entrepreneurs who were indifferent to Wu Shiqiang before began to greet him with a smile again.

It would be an unimaginable astronomical sum for them to let Zhou Xin casually leak a little bread crumbs to them.

"Mr. Wu, the main target of our project is Quora. Our product is called Zhihu. In the early stage, it is mainly aimed at domestic student groups, such as college students, graduate students and even doctors. At the same time, we invited famous professors from the first batch of 9 985 universities in the country to settle in Zhihu. Almost.

At present, the invitation system is mainly adopted. One user can invite three users. At the same time, we regularly issue registration verification codes for the student unions of universities.

At present, it is mainly aimed at domestic elite groups. We currently have a total of nearly 1 users. This is our project plan. "

Wu Shiqiang was helpless, and he was another investor who wanted to compete with Quora. This was recommended by his friend, who said it was very reliable.

As a result, I heard that this is completely unreliable. From the business model to the application scenario, it completely imitates Quora.

Wu Shiqiang doesn't like similar projects at all. In his opinion, it is difficult for other quiz communities to find a living space if they are suspicious.

Whether it is funds, number of users, or community activity, these new companies are simply not comparable to big companies.

In Wu Shiqiang's view, if an Internet company wants to have room for growth, the most important thing is their model innovation, which is a business form that Huaguo Internet does not currently have.

In this way, his investment can help the company grow rapidly and avoid being copied by large companies to achieve overtake.

He picked it up and turned a few pages and asked: "I took a preliminary look, and your model is very similar to Quora."

Sitting opposite Wu Shiqiang, the boyish man in suits and leather shoes said, "Yes, to tell you the truth, we almost borrowed from Quora.

In other words, the success of Zhou Xin's predecessor on Quora has given us Huaguo Internet practitioners too much encouragement.

During this period of time, nine out of ten entrepreneurial projects in Zhongguancun are knowledge question-and-answer communities, and everyone wants to become the next Quora. "

Wu Shiqiang asked: "Sohu's suspicion and Sina's new question come first, how do you surpass him?

At the same time, there are so many companies in the market that want to be a quiz community. What are your unique advantages? "

The man replied: "Suspicion and Xinwen have a limited lead, and the number of high-end users they gather is actually very small."

High-end users are also a concept that only emerged after the emergence of Quora. In Huaguo, high-end users at this time generally refer to high-level intellectuals.

"Our advantage is that our founder team has a large number of educational resources in various fields. To be honest, these university professors can only register accounts and answer questions on Zhihu.

In the future, we will allow state-owned capital to invest in our company, and not only professors from the nine 9 universities will join our platform, but professors from well-known domestic universities and even all universities will register accounts on our platform.

Professors will even be assessed in terms of teaching quality. They need to provide answers with enough likes to pass the assessment.

Even if a professor contributes one high-quality answer every week, this is an advantage that other knowledge question and answer communities do not have. "

Wu Shiqiang understands in seconds, has rich educational resources, and can even include their community content in the assessment indicators, the top second generation in the education department.

There may be other fields, because there are state-owned capital shares.

Wu Shiqiang asked: "Since this is the case, why do you need emerging capital to invest in it? You can get state-owned capital to invest in it anyway."

The other party smiled awkwardly: "Senior Zhou Xin is behind Xinxing Capital, and to put it bluntly, we want him to become our shareholder as well.

When we operate until the NASDAQ listing, when we do roadshows, it can be said that we are Quora in Huaguo, and Senior Zhou Xin is our investor.

What a temptation it is for everyone in Nasdaq to hear this, another masterpiece of Newman.

The name Newman alone is worth 5 million in Silicon Valley.

You think, this matter is a win-win situation, emerging investment can get benefits, and we can go public more smoothly. "

Wu Shiqiang understood, and to put it bluntly, he wanted to take advantage of Zhou Xin's fame to cut Wall Street leeks.

"I can report your project to the boss, but the boss is very busy recently, I can't guarantee whether he will read your project.

You also know that our boss is going to be on various shows recently, and Riot Games is going to be launched soon. "

The acquisition of Quora cannot fundamentally reverse the predicament Wu Shiqiang is facing. After all, Quora is not his. He also works for Zhou Xin. If you can’t spend money to invest, other entrepreneurs will sooner or later love him as before. reason.

The man nodded madly: "Understood, I understand. If there is any follow-up reply, please tell me. If Senior Zhou Xin returns to China, you can be a bridge between me and him. I will give you this number." The other party held out five finger.

Wu Shiqiang was thinking about how to answer when the phone on his desk rang:
"Shiqiang, I read the research report you wrote. I will return to China during the Christmas holiday this year. After meeting the leaders in Yanjing, I want to hold an Internet summit.

The capital scale of the first phase of Emerging Capital is 10 billion U.S. dollars, and this part of the capital is fully funded by me personally.

The main purpose of our organization of the Internet Summit is for me to invest in the Internet business platform for emerging capital in China.

This summit can be held as an annual Internet industry conference. You convey my ideas to relevant parties, and we will co-host it with the other party. "

It is beneficial and harmless to hold the subsequent Wuzhen summit in advance.

After Zhou Xin obtains start-up capital, he will gradually transfer most of his energy to start-ups in the semiconductor and real industries. The Internet basically only invests but does not operate.

And Huaguo has a vast market and countless promising companies, and emerging investment will get a share of it.

More importantly, emerging capital serves as a bridge to allow overseas capital to realize the vast investment potential of Huaguo.

The overseas capital here is not only European and American capital, but also local tyrants in the Middle East and sovereign investment funds of Southeast Asian countries.

Emerging capital brings together these funds, and in addition to investing in the Internet industry, it can also invest in the semiconductor industry.

Zhou Xin intends that some key companies need long-term investment and will not see any benefits in the short term, but semiconductor companies that will achieve amazing returns once they realize their profits will mainly rely on their own funds and supplemented by external funds.

Such as photolithography machine.

And some relatively less critical fields, such as semiconductor materials, EDA, chip design, packaging, etc., are completely funded by emerging investment and invested in Huaguo enterprises.

For this part with a long working cycle, after Zhou Xin planned to form an association, he began to recruit people one after another, and then established a company to start it.

Taking the lithography machine as an example, he found Lin Benjian. Even if Lin Benjian is willing to work with him, it will take at least three years from starting the project to producing a semi-finished product that can enter the SMIC industrial chain.

In the semiconductor industry, it does not mean that if your product is developed, there will be no problem. The development is only the first step, which means that you will have no major problems in the laboratory simulation environment.

When it comes to the production process, there will be countless problems.

The moat of semiconductors lies here. This is an industry that relies on a lot of manpower and time to feed experience.

The lithography machine you make needs to be verified on the production side, and then optimized and iterated, and finally it can be said to be successful if it can reach the same yield rate as other lithography machines.

A lithography machine with a yield rate of 80% is meaningless. Nikon, Canon and ASML can achieve a yield rate of more than 95%. If your cost cannot be reduced, there will be no market for your product.

Zhou Xin's plan is to poach Lin Benjian away, so that Nikon, ASML and Canon can only use 157nm F2 lasers, and they are stuck at 157nm and cannot achieve a breakthrough.

How much can slow down the opponent's progress.

Back to Wu Shiqiang, Wu Shiqiang was very happy when he received the call. What is he most worried about after taking charge of Xinxing Investment?There are no bullets.

There are no bullets for empty projects, so that entrepreneurs regard him as the god of plague and shy away.

Well now, another summit of the century, another billion-dollar investment.

Belonging to a family that changed from a poor family to a wealthy family.

None of the foreign investment institutions currently active in Zhongguancun has an investment quota as large as US$10 billion.At most tens of millions of rmb let you try the water.

"Okay, no problem, boss, I'll get in touch right away, and I'll email you the progress every week."

　I don’t know the name of this chapter. I wrote this chapter with a notebook at the high-speed rail station. There may be typos or sentences that are not smooth. I will correct it after I get off the train.

　　
　
(End of this chapter)