The Millennium Semiconductor Survival Guide.

Chapter 128 Celebration Dinner (3.8k)

"About a year and a half ago when I came to San Francisco, I only had [-] US dollars with me at the time, of which [-] US dollars was provided to me by a company called New Oriental in Huaguo.

If they hadn't given me [-] RMB, and then I had exchanged the [-] RMB into US dollars, I would have had no money when I came to American.

A year has passed, and relying on the recognition of the market value of Riot Games after its listing, my net worth should be tens of billions of dollars.I don't know the exact tens of billions. Anyway, Gates is not rich yet.

Many entrepreneurs will talk about how difficult they are at the celebration dinner that day after their companies go public. I don’t like to say these things. My life is not easy, but my entrepreneurial process is very smooth.

It went so well that after I made the Riot game, Bill and Jerry competed to send me money.As for why I chose Bill over Jerry, it wasn't because I liked Microsoft better, but because Bill only paid for it and didn't ask for it. I couldn't meet Jerry's request.

He hoped that Riot Games would be merged into Yahoo as a whole. I still have a lot of affection for the first company I established, and I didn’t want to just sell myself to Yahoo. Of course, Yahoo’s price is not high enough.

If Yahoo offers the same price as Time Warner, I don't think I can say no.After the sale of Quora, Bill complained to me, saying why I sold it to Time Warner. The price of 700 billion U.S. dollars, if he fights for it on the board of directors of Microsoft, he can also give this price.

I told Bill that it was mainly because I was an ordinary person who had never seen so much money. I was afraid that if I agreed to Time Warner one second later, I would regret it.

Including Jerry also complained about me, if I accept the stock exchange method, if I promote the merger of Quora and Yahoo, I can become the largest shareholder of Yahoo.

At that time, I was thinking, if I knew it earlier, I would agree to Time Warner later and listen to the quotations from Yahoo and Microsoft.

Becoming the largest shareholder of a US-listed company is something that I never thought about when I was studying at Yenching University in China more than a year ago.

What I didn't expect was that not long after Quora was sold to Time Warner, the successful listing of Riot Games made me the largest shareholder of a US listed company. "

On the day after Riot Games went public, its stock price soared by 30.00%, and its market value exceeded US$200 billion, which was higher than the total market value of all offline game distribution channel companies listed on the US stock market.

At the celebration dinner that day, the early employees of Riot Games, the management team, the Goldman Sachs team, and the executives of the law firm responsible for the listing process, etc. who participated in the listing gathered together.

As the founder, Zhou Xin gave a congratulatory speech. His humorous remarks made everyone present smile.

Especially employees who have an understanding of the early financing of Riot Games.

For Zhou Xin, the company he founded has never been listed on Nasdaq.

The main reason is that he encountered an accident just after completing the B round of financing. If he can successfully obtain the technology transferred from Samsung to small and medium-sized enterprises, it is estimated that it will take at most one year. After completing another round of financing, Xinxin Technology will be able to list on the GEM.

At that time, it was unrealistic to want to list on NASDAQ, and American had no shortage of semiconductor companies.

"Of course, I was short of money at the earliest time. I got the start-up funds for the establishment of Riot Games by making Angry Birds. There were still Angry Birds dolls on the scene. Without this game, I would not be where I am today. fist game.

The source of ideas including the fist online game store and NewPay also came from me, Stephen, Ashley, and we tried every means to sell Angry Birds.

We thought it was a good game. At that time, we talked with an offline channel, and they said that the minimum fee was 70.00%, which was unacceptable to us at the time.

That's why we decided to release Angry Birds ourselves, marketing it by mass mailing to players.

Fortunately, the game itself is excellent, Stephen and Ashley are excellent game developers and designers, and I am the game planner, it is our joint efforts that make this game good enough to rely entirely on word of mouth succeeded.

At the same time, it also made me realize the potential of online game channels, which is why Riot Games came into existence.If it weren't for the unwillingness to compromise with offline game channels at that time, there would be no success today.

At that time, there was a shortage of money, because the Riot Electronics Community was very popular, because the Riot Electronics Community was a very interesting online forum with more and more users.

Relying on the money from selling Angry Birds to buy servers and bandwidth, I can't hold on anymore.

At that time, I hoped to obtain financing. I was lucky that Riot Games was good enough. Many people wanted to invest in me. Bill bought 5% of the shares from me at a valuation of US$40 million without asking.

At the same time, we have injected a total of 2 million US dollars into Riot Games, so that Riot Games has been completely revived, and it has survived to this day, and it is alive and well.

Bill, you valued Riot at $5 million, and now it's worth $200 billion. You've made a fortune!How many more drinks do you have today! "

Bill Gates held a red wine glass in the audience to indicate that there is no problem.

Zhou Xin continued: "Before this IPO, I told our management that we should raise more money this time, because we have too many things to do.

We need to upgrade our servers and bandwidth, we need to open branches in Europe and Asia, and we need to revamp and upgrade the Riot Games store and community.

The Riot Games team has only [-] people, and the Silicon Valley headquarters alone, I hope to increase to at least [-] people.

So I came to Nasdaq with the purpose of asking for more money. Fortunately, the investors were very kind, and they raised me a total of 25 billion US dollars.

Should be enough in the short term.

Thanks!Thank you so much!Today we get not only money, but more importantly, trust and responsibility.

I keep asking myself a question: what shapes Riot games.When Riot Games was established more than a year ago, I knew that one day we would stand here and be listed on NASDAQ.

Because what we have done has subverted the entire video game industry and changed the game distribution model. We have brought value to players, and we have brought value to game development companies. Can be listed?
At the same time, I also feel the pressure, because there are more people, our original team of [-] people, we can achieve profitability.

In the future, it will become 1000 people, plus the people from the European and Asian branches, it is expected to exceed [-] people.

The wages and operating costs of 1000 people, in order to achieve profitability, this has higher requirements for Riot Games.

But I can't stand Riot being a money-losing company.

I can stand here on behalf of Riot Games precisely because of the trust of investors. I need to reward investors with good performance instead of burning money.

We are not in the expansion stage now, we are the leader in the entire industry, and we occupy more than 80.00% of the market share of game online distribution.

I can tolerate the loss of money in the European and Asian branches, which is a necessary process to open up new markets.

But I cannot accept that we are losing money in the American market.In the future, I will have a series of plans to make Riot Games profitable.It will also tell the market through profits that Riot Games is on the right path.

I am very grateful to my team. It is my team that promoted the listing of Riot today. Without them, I would not be able to stand here today to speak. When Riot Games was first established in 1998, I told our founder team that we would do something different in the field of video games, and we would completely change the landscape of video games.

None of them thought I was crazy, but told me, Newman, I believe you can do it.

We've been very lucky that in just one year, I led them, they assisted me, and we got here together.

In the future, let us witness together that Riot can do a lot. "

Zhou Xin is still very emotional. It is not difficult for him who has the memory of the future to go public. What he is emotional about is that this is something he has never felt before.

In terms of difficulty in the future, it will be the most difficult for a company to be listed on Big A, which is even higher than listing on the US stock market.

Here is the difficulty, which does not mean that the big A is better than the US stock market. It is precisely because of the imperfect mechanism of the big A that it is difficult to go public and even more difficult to delist.

At the celebration dinner, Zhou Xin could clearly feel that all the people around him who came to celebrate him were very sincere.

He can also clearly feel that the team is more cohesive.

Everyone has allotment shares, and being listed means a sudden increase in wealth, so it's no wonder that there is no cohesion.

This kind of experience that he had never had in his previous life made Zhou Xin feel more identified with this era.

A world with easy mode turned on, for a man with high IQ like Zhou Xin, it is easy to regard it as a virtual world.

But when he has more and more experiences that he has never had in his previous life, Zhou Xin will have a deeper understanding of this real world.

He will also realize that after he has reached this era, he may really be able to change the predicament that Huaguo encountered in the semiconductor field in the future.

"Newman, isn't this feeling good? The day Microsoft went public was the most wonderful day in my past life. Going public means the biggest reward for an entrepreneur in the previous stage.

I have talked with many entrepreneur friends, and they all said that the day they went public was the happiest day for them.

Of course, this may not be for you, the amount acquired by Time Warner is much higher than the market value of Riot Games.

But what I want to say is that for a company with a certain monopoly nature like Riot Games, going public is only the first step, and there is still a long way to go in the future.

My vote will definitely be on your side, and of course I welcome you to sell me Riot Games. "Bill Gates walked up to Zhou Xin holding a red wine glass and said.

Riot Games does not adopt the A/B share model, so Zhou Xin lost his controlling stake after issuing 5000 million shares.

Due to Zhou Xin's reputation and his identity as the founder, most investors will support him.

However, this kind of founder bonus period is limited, and there are not a few cases of foreign founders being driven out by the company's board of directors.

The most famous is that Apple's board of directors drove Jobs away.

If the company's operating conditions are not good during your tenure and the stock price keeps falling, it is easy to be kicked out by the board of directors.

Zhou Xin touched Bill Gates and said: "I am from Huaguo, and what Huaguo people are best at is taking one step and seeing three steps.

I'm not worried about the development of Riot Games in the short term. Instead, we have to worry about whether Riot Games is a monopoly and will lead to federal monopoly investigations. "

During Zhou Xin's rise, he brought a lot of profits to Wall Street and even American. Although he himself ate the biggest piece of cake, Wall Street and the American government got a lot of money.

The taxes alone cost tens of billions.

Although the wool comes from the sheep, but without Quora, investors will not pay.

In the short term, Zhou Xin will be of great value to both China and American.

But this does not prevent American from conducting investigations and even forcing a split on the grounds of Riot Games’ monopoly.

Even a giant company like Microsoft has encountered more than one similar split crisis.

NewPay also occupies the vast majority of the market share, but the form of electronic payment determines that there will be no shortage of players in this market.

Even if NewPay occupies 90.00% of the market share, there will still be a steady stream of players who want to enter this market.

This is like the fact that WeChat and Alipay accounted for more than 90.00% of the market share at their peak, but Cloud QuickPass still relies on subsidies to survive.

Online game stores are different, this belongs to other companies and if they find that they can’t play with you, they will stop playing.

Because the so-called strong player effect in this field is particularly obvious, companies with a high market share can grasp the initiative in communicating with game developers, and can obtain the right to launch more good games.

It can also stabilize the 30.00% sharing ratio.

For an enterprise with a small number of users, the average operating cost per customer is very high.

Therefore, Zhou Xin is only worried that Riot Games will be investigated by anti-monopoly, NewPay will lose the only payment scenario he can control, and then the electronic payment market will be slowly eroded.

In the end, it was reluctantly acquired.

Instead of selling NewPay at a good price at its peak, as he envisioned.

Bill Gates said: "At least for now, don't worry about it.

No one knows what will happen in the future. The current size of the fist and the Federal Anti-Monopoly Investigation Bureau are still looking down on it. "

　The big chapter of 3.8k, today's two chapters add up to 6k!

　　
　
(End of this chapter)