The Millennium Semiconductor Survival Guide.

Chapter 118 Goldman Sachs
When the vitality of the private economy is at its peak in later generations, it is also the time when the Internet giants have the strongest sense of presence. The giants headed by Ahri and Tencent frequently attack in various fields and frantically expand their territory of influence.

Every time the Wuzhen Summit attracts a lot of attention, Zhou Xin intends to advance the timing of the Internet Summit.

With $400 billion in cash in hand, Zhou Xin realizes that he can do more.

From the perspective of semiconductor technology development, 400 billion U.S. dollars is actually not much. Even in this era, if all the money is invested in the development of the semiconductor field, it will greatly arouse American's suspicion.

In addition, Huaguo has not yet joined the WTO, even if it invests in the chip industry, its comparative advantage is not obvious.

And this 400 billion is a huge amount of money for the current Internet industry. Zhou Xin plans to invest in Huaguo's Internet industry in advance, and uses himself as an example to tell Huaguo's Internet practitioners that the world is the only one. For a broader stage, don't keep staring at the one-acre domestic land.

In later generations, it was not until after 2016 that domestic Internet companies went overseas one after another. This time point is already too late. If it can be brought forward, Huaguo's Internet companies can have a greater say in the world.

Smartphones including Huaguo can also have a greater living space overseas. The combination of hardware and software, combined with the insignificant development of the semiconductor industry, is the key to achieving overall industrial upgrading.

The Internet Summit planned to be held at the end of this year is the best stage to spread ideas.

The man sitting opposite Wu Shiqiang realized that it was Zhou Xin who was calling. He immediately kept quiet and pricked up his ears, trying to hear a few words.

The world's second richest man, the richest man in Asia, and the legend of Internet wealth creation, for more than a year, can't be said to be a class leap, but a soaring in situ. These things have put too much halo on Zhou Xin.

These halos have made the Internet practitioners in Zhongguancun deify Zhou Xin directly, and they often talk about Quora and Zhou Xin.

Wu Shiqiang pressed the button on the desktop, and then a slender and beautiful woman in a suit and skirt walked in: "Mr. Chen, I'm sorry, it's not convenient for Mr. Wu to receive him right now. I need to trouble you to take a rest in the reception room."

Wu Shiqiang made a gesture of invitation. Normally, he would not meet investors in his office. He would either meet in the reception room or find a tea room near the office building.

It’s not the current style to take a laptop in a coffee shop and output opinions all at once.

And even after 16 years, in similar makerspaces and chain coffee shops, it is not the investors themselves who will meet the entrepreneurs here, but some brokers. They push it into the hands of the really rich.

As for the really good projects, it is the entrepreneurs who choose the investors.

Wu Shiqiang would meet the other party in his office because the person recommended to him was very famous.

After the man surnamed Chen got up and left, Wu Shiqiang continued, "Sorry, boss, I just met a guest in the office, and I have a few questions I want to ask.

The first question is what are our invitation criteria, who are we inviting to participate?

The second question is about the specific level. I am a little uncertain. Should I go to Yanjing City or the Ministry of Information Industry? "

The Ministry of Information Industry is the predecessor of the Ministry of Industry and Information Technology, which was not established until 2008.

Zhou Xin said on the other end of the phone: "Look for the Ministry of Information Industry, and specifically who to invite, you should know better than me in China.

I also don't know what kind of Internet practitioners there are in Huaguo now.

Let me give you a general standard, based on the number of users, company size, and registered capital of the company, and you can invite people who meet the conditions.

At that time, I will also invite Internet practitioners from American to participate in this Internet summit. We need to make this the most famous conference in the Internet industry from 1999 to 2000 and into the new century. "

After Wu Shiqiang got the news, he quickly contacted relevant parties.

The other party is very interested in this topic, and this kind of meeting is a political achievement for them.

Moreover, with Zhou Xin's appeal, it is completely possible to make the Internet Conference a real World Internet Conference.

The Huaguo Internet Conference was first held in 2002, and the World Internet Conference, also known as the Wuzhen Summit, did not start until 2016.

Why so many years in between?To put it bluntly, it is still not strong enough and has no appeal. How can you call an Internet conference with the participation of third world countries as the World Internet Conference?
After Zhou Xin's proposal was put forward, relevant parties acted quickly.

Zhou Xin's worldwide fame, influence in the Internet industry, and understanding of the Internet industry are obvious to all. Among other things, Zhou Xin alone is enough to support this place.

For the parties concerned, it is a political achievement picked up from the ground, so don't let it go in vain.

Soon, about returning to China at the end of the new year, and hosting the Internet Conference at the turn of the century, it spread from Yanjing to Pengcheng, Shenhai, Hangzhou and other places.

Returning to China at the end of the year is different from returning to China at the end of the year when counterfeit medicines are stopped. Zhou Xin's return to China is a real return.

There are no secrets in Yanjing, especially for explosive news like this one. If you want to hold an Internet conference, you need conference preparations, which require cumbersome arrangements.

It is simply impossible to keep the news secret, and there is no need to do so.

Internet conferences are not something to be seen.

Even Wu Shiqiang took the initiative to release the news through some channels, saying that Zhou Xin would watch some projects at the Internet Conference, and would directly invest in promising projects.

However, this kind of news is not for attracting people to attend the meeting, but for the consideration of the emerging investment that he operates himself, in order to make the emerging investment more influential in the industry.

For an investment company that has not invested in a single project within half a year of its establishment, it can only use this crooked way.

As for the Internet conference, just Zhou Xin’s proposal, Zhou Xin’s participation, and Zhou Xin’s invitation to American’s Internet entrepreneurs to participate, the combination of these elements is enough to attract Internet practitioners in China.

Hangcheng, "Lao Ma, I went to the Information Industry Department of Zhejiang Province to ask, and they said that they have not received the above notice yet.

However, people I know tell me that this is the case, but the specific industry standard for invitations has not been determined, and they don't know what the specific standard is. "

"No matter what the standard is, Alibaba must participate in this conference. For Ahri, which has just been established, we first need to establish our reputation in the industry.

The second is to refer to how other Internet companies in the same industry think about e-commerce, how to do it, and what excellent experiences are worth learning from.

The most important point is that we have to listen to, and it is best to meet, the best entrepreneur in Bluestar, what he thinks about the Internet industry, and what he thinks about the future of the Internet.

This is strategic, global thinking.This is the most important thing for us. We do not lack business logic and enterprise development path. Eighteen of us have discussed these for so long, and these are very clear.

What we lack is the experience in the specific implementation process, as well as the strategic thinking of the entire large industry. "

"Old Ma, have you forgotten one thing, that is, maybe we go to the Internet Conference, Zhou Xin likes us, and he directly gives us a huge investment."

"There is such a possibility, but it is very small. Alibaba has just been established. It is a little-known small company. Why should others look at you?

Just based on our looks?
But it is not impossible. By that time, maybe Alibaba has already made some achievements and will be favored by others.

There is still about half a year until the end of the year, half a year, everything is possible. "

Similar conversations happen not only in the newly established Alibaba, but also in various Internet companies. Everyone is concerned about one issue, that is, how to participate in the Internet conference at the end of the year.

Back in American, Zhou Xin also faced a big dilemma, that is, he was too short of talent.

Such a huge sum of cash is the biggest waste in the bank.

Moreover, there are many companies under his name now. He needs to set up an investment bank to manage this matter, but he has no one trustworthy.

Bill Gates established the Bill Melinda Foundation to manage his huge property, and Buffett also has Berkshire.

He has nothing now.

Several candidates flashed through Zhou Xin's mind, Wu Shiqiang?I don't have this ability.Jerry?Not trustworthy.Warren Jensen?He is really good.

As the former chief financial officer of Amazon and Delta Air Lines, the other party has this ability.

At the same time, the other party has worked under him for a long time, and there is also a foundation of trust.

Coupled with legal and regulatory constraints, Warren Johnson is a good candidate.

It just so happens that NewPay can be handed over to Peter Thiel.

"Warren, you should know about the deal I reached with Time Warner recently, right?" Zhou Xin invited Warren Jansen to dinner at a well-known French restaurant around Berkeley.

Warren Jensen showed a disbelieving expression: "Boss, I'm in San Francisco, not in a cave in the Himalayas.

How could I not have known such amazing news?This deal is recognized as the deal of the century. "

Time magazine directly put two words on the cover of the magazine with the photo of Zhou Xin shaking hands with Gerald Levine. These two words are: Big Deal.

"My friends in finance were calling me frantically the day the deal news came out and they knew my boss was Newman.

Everyone is asking me if I know the inside story of this deal, why Time Warner is so crazy.

Later, after more details were slowly revealed, Goldman Sachs was actually the biggest winner. "

Zhou Xin was curious why he said that. He knew that Goldman Sachs led the deal, because it was Jerry who brought the members of the Goldman Sachs committee to meet him.

"Why?" Zhou Xin asked.

Warren Jensen said: "Goldman Sachs is only one of Time Warner's shareholders. The shareholders behind Time Warner include Spielberg, the Saudi royal family, etc. These are major shareholders, and Goldman Sachs' shareholding is not high.

If Time Warner wants to acquire Quora, it needs to prepare a large amount of cash, and this can only be done by issuing additional shares to investors through the stock market.

To put it bluntly, for this part of the additional shares, investors are equivalent to buying Quora and Time Warner at the same time. That is to say, if you want to buy Quora, you must buy it together with Time Warner.

High-quality assets and low-quality assets are bundled for sale. "

In 1999, Time Warner was indeed not that high-quality, and it had no reputation, but its actual business situation was not good.

"You can think of it as Goldman Sachs leading the listing of Quora, which means that Goldman Sachs is the undertaker and they have to charge a handling fee.

If Quora goes public on its own, it’s hard to say whether Goldman Sachs can get the project, and even if they want to get the project, the handling fee is very low. Generally, the handling fee is between 3% and 5% of the funds raised. Quora will definitely make concessions on handling fees when such a large project goes public.

But when Time Warner raises funds by issuing additional shares in the open market, Goldman Sachs will definitely not give in, and they will charge 5%.

The 5% handling fee alone is shared by the investors and former Time Warner shareholders.

After the transaction was completed, Time Warner, an asset that had been in stagnant water, was also revitalized, which is a multiplicity of benefits for Goldman Sachs. "

There is also a hidden point that Warren did not mention, which is to add another fire to Nasdaq, allowing Goldman Sachs to have more time to retreat when the fire is more vigorous.

Zhou Xin was stunned. He thought he was a big winner, but he didn't expect Goldman Sachs to win too. Entrepreneurs were not as good as financial professionals.

"Goldman Sachs deserves to be Goldman Sachs, mediating among multiple parties to strive for its own best interests."

Warren Jensen nodded: "Goldman Sachs is the best at this, but their professionalism is indeed high enough, so boss, you have no problem finding Goldman Sachs as the undertaker for the listing of Riot Games."

Zhou Xin returned to the topic: "Warren, have you considered changing positions?"

Zhou Xin didn't wait for Warren to answer, and directly told the other party his thoughts: "Because I got a lot of money from Time Warner's acquisition of Quora.

And now I lack a professional team to help me take this money and the industries under my name, including fist games, Newpay, Flamingo game development company, etc., to help me set up a company and manage these in a unified way .

After much deliberation, you are the best candidate.

I am very satisfied with your performance in the process of opening up wasteland in Newpay before, and now I hope to entrust you with this new task.

What do you think? "

For Warren Jensen, Newpay's job was definitely more interesting.

The asset management company proposed by Zhou Xin is boring to put it bluntly. It operates entirely around the will of the boss. It can be understood as a watchdog in the property field without much autonomy.

As for Newpay, Warren Johnson can see a lot of valuable information from Newpay's daily transaction data alone.

　I’m not sure if I’m not sure at night. I’m going to have a party at night and I need to drink. Whether I can write freely after drinking depends on my condition.

　　Next week, there will be more updates on the basis of 6k per day.

　　
　
(End of this chapter)