Back To 1995

   Chapter 536 Drive the wolf

Raising funds for a $50 million fund is nothing on Wall Street. Those star funds can be easily raised, but it takes time. Even star fund managers don’t dare to pat their chests. In one hour, one sentence can make those big grievances, no, it is an investor who willingly pays 50 million US dollars for him.

  And PayPal has done it now. In less than an hour, it sold a $50 million fund short, setting a new Wall Street record!

   "PayPal has created a new history, and Wall Street has entered a new era. From now on, finance and wealth management have nothing to do with nobility, and middle-class families are not everything on Wall Street. The era of universal investment is here!"

  The New York Times made such a report in the newspaper on the same day that the only thing that PayPal's feat this time proved is that the scope of leeks has expanded again.

Just like when the game station was shorted, the global leeks rose up, relying on hundreds of tens of dollars in their hands to frantically buy the stocks of the game station, just like the Wall Street short-selling giant war, as long as there are enough leeks, Wall Street investment banks and institutions will all Weigh the weight, will it capsize in the gutter.

   In one hour, the fund that sold 50 million dollars still made Wall Street institutions a little dumbfounded, but what followed was excitement.

The first time it was sold out, if it can be described as a coincidence, then if it can be sold short in the future, it means that it is absolutely feasible to issue a new fund through PayPal, although PayPal will charge a part of the handling fee and Advertising fees, compared to the management fees, dividends, etc. earned, are nothing at all!

  Wall Street is very cooperative to build momentum for the PayPal platform. In America's major media, TV stations, radio stations, newspapers, magazines, Yahoo, AOL and other Internet platforms, there are overwhelming gimmicks about financial management to achieve wealth freedom.

In fact, in the past few decades, Wall Street has been doing this kind of propaganda, such as buying funds, bonds, insurance for a long time, and then relying on these things to achieve financial freedom, retirement, becoming a millionaire and other news, but those in the past were all For middle-class families, it is not for countless little leeks.

And this time, Wall Street began to focus on these little leeks. These words and news are not so new, but every ten years, new leeks will grow. There are leeks every year, and there will always be There are new leeks in the pit.

   Not to mention, PayPal is still targeting global users this time. Except for America, overseas leeks who have not been beaten by Wall Street are quite excited about these words.

   Just like the fund issued for Goldman Sachs, nearly half of the buyers are leeks from overseas.

"Now is the best time, now is the era of the Internet, and it is also an opportunity to achieve financial freedom. We have seen that those in the Internet industry, founders of companies such as Yahoo, AOL, Lycos, ICQ, etc., have become billionaires. !

  I missed this opportunity, and it is impossible to regret it again! "

On New York State TV, on the topic of buying funds and other things, whether it is worth it, and whether it will be a loss, there is a lot of quarrel between the two sides, but in general, the host and invited guests continue to buy enough. The fund is guided in a favorable direction.

Watching the program on TV, Song Yang couldn't help shaking his head. Although it was PayPal that cut the leeks, PayPal would still warn users with a huge red letter before purchasing, "Investment is risky, and you need to be cautious when buying enough". Win or lose, PayPal does not take risks, and is completely willing to gamble to admit defeat, not to mention using these tricks to encourage users to enter the pit.

The programs on the TV in front of me are almost the same as the stock review programs of those domestic TV stations in the future. They all ask a bunch of fund managers, analysts, professors, etc. to analyze the stock, and then "inadvertently" recommend a stock to the user. , or simply, selling courses, these are all routines.

   If you are lucky, you can make a little money, but if you are not lucky, then the great hero will take over for the black hand. Now the TV station in front of Song Yang has the same routine.

"Manager Price, what do you think about this topic, the Goldman Sachs Nasdaq 100 Index Fund you manage has just completed a $50 million fundraising and sold out in a record one hour, we found out that you During your tenure, the fund you managed has an annual return of more than 20%, making you the champion of Wall Street Fund of the Year!"

The host,   , asked a tall and thin man in his fifties. He is the fund manager issued on the PayPal platform and can be launched by Goldman Sachs as a head shot. Of course, Price is an ace fund manager.

"We have to admit that everything in the world has risks, but 10% of the risk in exchange for 50% of the return, I think it's worth it. I have witnessed too many things that have increased their value because of wealth management. I have also seen countless cases of bankruptcy and displacement due to improper management, just like those African-American stars in the NBA..."

  Price, facing the camera, actually used his words to create a faint panic among the users watching the show. It seemed that if he did not hand over the money to professional managers like them, he would go bankrupt in the future and set up tents on the street.

  Song Yang took a few glances, then turned off the TV, and asked Aaron Swartz who came to the villa, "How is PayPal now?"

"Now Goldman Sachs, Citigroup, Deutsche Bank, UBS and other investment banks and institutions want to issue new funds through PayPal to raise funds. We pre-sold an investment fund of US$70 million for Deutsche Bank Investment Bank. Within three hours, the pre-sale will be completed!"

   Aaron Swartz said excitedly, the new generation of leeks are growing very well, coupled with the overwhelming "get rich" propaganda, so that countless little leeks are eager to send money.

   "It is expected that fund sales, insurance and other businesses will become the second largest business on the PayPal platform, second only to the income of transaction fees!"

Looking at Song Yang's expression, Aaron Swartz didn't show any excitement when he saw Song Yang's face, and even shook his head slightly. It reminds you of the risk, even if you buy those products and lose money, it has nothing to do with PayPal, the Legal Department and the best law firms in America have formulated an investment agreement on the PayPal platform!"

If you dare to play this trick, then you must think about losing before you win. Greg’s legal department has already found a few big law firms in America to formulate a perfect contract, even if someone buys those things in the future and loses money , that has nothing to do with the PayPal platform.

Song Yang shook his head and stopped mentioning this. America's Internet is now in a period of explosion. Yahoo's market value is less than 50 billion US dollars, and it is nearly 200 billion US dollars before the collapse. Xiao He only showed sharp horns.

Now whether you are buying Internet, technology stocks or funds, at least in one or two years, as long as you can see it, you can close it and make a lot of money. It is not counted as PayPal pitting those leeks. As for running slowly, or you still want to Be a little bit more greedy, and the **** can be pitted, no wonder the PayPal platform.

"only…"

  Aaron Swartz said, "Now X.com payment platform, dotBank payment, etc., are now starting to imitate PayPal payment, starting to implement sales funds, etc.!"

Now PayPal is a dominant player in the payment industry. Although there are countless challengers, they are all imitators. Just like dog skin plaster, they will do whatever PayPal does. If they don’t have the money to acquire banks, X.com payments, etc., How much to live the whole life.

   Now they can't compare to PayPal, but they continue to burn money desperately, and the investors behind them keep throwing money, wanting to replace PayPal.

Especially the performance of PayPal after the sale of funds has made the outside world see the potential of payment platforms to cut leeks. Silicon Valley venture capital, Wall Street institutions, and X.com payment platforms are more willing to spend money, and some even shouted. The slogan of free handling fee is obviously not making money, and I don’t want PayPal to live a good life. Toads don’t bite people, but they are disgusting...

Aaron Swartz wanted to free up his hands and teach these opponents a lesson, but Song Yang didn't seem to have any plans to fight other payment platforms to burn money, "Song, now other payment platforms, They are burning money to seize the market and constantly subsidizing users. If PayPal does not follow up, I am afraid that part of the market will be lost…”

After listening to Aaron Swartz's words, Song Yang shook his head, "Don't worry about them, PayPal doesn't need to follow in their footsteps, now PayPal is the one standing on the top of the payment industry, there is no need to look at the one who climbs the mountain. Help people face!"

   "Only when the tide goes out will you know who is swimming."

Song Yang pointedly said to Aaron Swartz, "What PayPal has to do now is to build a risk control system and expand all businesses. I don't ask PayPal to make much money, but to make PayPal's revenue and expenditure as much as possible. Reach a balance, and prepare enough cash to maintain PayPal's liquidity for three to five years!"

   "By the way, how is Wikipedia now?"

   When Aaron Swartz got up, Song Yang asked him, this is a private investment project, and there is no publicity, and it is impossible to find too many investors in the future.

   Speaking of this, Aaron Swartz had a smile on his face, "We are recruiting people to start building the Wikipedia website next month, and it should be able to be built next year."

  Song Yang nodded, "If necessary, you can borrow some people from ICQ, DoubleClick, PayPal and other departments to Wikipedia!"

   Hearing this, Swartz finally couldn't help laughing, "Song, thank you for your support!"

Now, in the entire Silicon Valley, and even the entire Internet industry, which technology is the strongest, it may be controversial, but Song Yang is definitely one of the leaders, not to mention the best technology, but the technicians are definitely the best. the most!

   (end of this chapter)