After all, start a business on a smaller scale and grow to a larger scale.

Tencent's market capitalization will be several billions when it goes public, but there is room for it to grow to several trillions in market capitalization later.

But at most, the return rate is a thousand times. It must be realized in time when Tencent's market value is at its peak. Otherwise, the return from a thousand times will fall back to a return of a few hundred times.

Generally speaking, among the various listed companies that grow flowers, the ones that are easiest to sell thousands of times their shares are mainly in the Internet industry. At least the ones Zhao Han knows about are NetEase and Tencent.

The rate of return is as amazing as the rate of return for buying Apple when Steve Jobs first returned to Apple, which had a market value of several billion dollars.

In a sense, the world's highest rates of return are often generated by companies in a very small number of industries with the most certain growth.

In most industries, the rate of return is actually very low.

This is also normal. The total cake plate of human wealth is limited.The incremental cake comes from new industries, newly generated markets and demands.

Therefore, new industries can achieve much higher growth rates and rates of return than traditional industries, which also belongs to the rules of this world and rewards innovation.

As for an innovative industry, after it develops to a certain scale, spreads into daily life, and becomes a necessity of human civilization, its market size often reaches its peak, and it no longer has the potential for sustained high growth.

New incremental space will appear in other fields, a new industry and a new innovation field in the future.

"Tencent has no longer dropped to the breaking price of its listing. It has already risen a lot." Xiong Xiaoge couldn't help but shake his head.

"Brother, its certainty is very strong. It can be roughly understood as the essence of venture capital for China Concept Stocks. A Tencent is actually equivalent to investing in an enhanced version of the China Concept Stock Index. Most companies are actually not as certain as Tencent. With such high profitability and a high growth rate, it will only continue to increase profits, instead of staying at the PPT stage like many start-up companies." Zhao Han smiled.

"..." Xiong Xiaoge couldn't help but laugh, "If I were like you, could I change my career and invest in the secondary market?"

"The path of the secondary market is different from that of venture capital. I advise you to take it easy."

Zhao Han said, “In terms of certainty, companies that have been listed on the secondary market are obviously higher.

However, the room for growth is very small. Fengfei water chestnut can grow dozens of times or hundreds of times after it is launched. A thousand-fold growth is a miracle.But in the field of venture capital, we generally pursue a hundred times, and occasionally we will catch a thousand times!

The success of an investment that is a hundred times a thousand times can offset a bunch of failures and all the money lost.If venture capital is doing well, there is no need to engage in the secondary market.In the growth economic stage, venture capital returns are higher. "

"That makes sense!" Xiong Xiaoge nodded.

The essence of why venture capital is an alternative investment is that in most markets around the world, the risks of venture capital actually outweigh the returns, and many are difficult to compete with traditional investments.The two markets of Eagle and Rabbit are different.

The main reason for Eagle Sauce is that after its own market grows, it will soon be able to rely on its global influence to cut into the cakes of other regional markets.Therefore, the problem of growth of Internet companies in Eagle Sauce is solved.

During the period of rapid development of the Internet market for flower growers, due to insufficient capital strength, they were basically eating their own cake. It would be quite good to be able to defend the local market and not let the companies of Eagle Sauce come and eat more of the cake.After successfully defending the local market and eating up most of the local Internet growth dividends, looking around the world, in most overseas markets, Eagle Sauce has reached [-]-[-]%.

It’s time for the remaining flower-growing Internet companies to go overseas again.In fact, it is already at a disadvantage.In many markets, Yingjiang companies eat most of the cake, followed by local Internet companies to some extent.

Many people think that companies such as Tencent and Alibaba will do what they do locally and have no overseas presence.

But in fact, Tencent's moat is instant messaging.If instant messaging goes overseas too late, there will already be instant messaging software in the local area, and it will no longer be able to compete for the market.Tencent has been wary of overseas software such as MSN for a long time.When Tencent has become a trend, it will be difficult to deploy instant messaging overseas, and then it will launch some games and entertainment products overseas.

In fact, Alibaba also has some overseas investments, which are not as good as those in Southeast Asia and the EU market. However, for a long time, it has been mainly cross-border trade and has not developed localized e-commerce locally.In addition, not all e-commerce markets are as rich as the Eagle Sauce Market and the Flower Growers Market.

"Old Xiong, your company's venture capital business should continue to be venture capital. If you have any personal investment needs, I suggest you buy Tencent, seriously!"

Zhao Han said, “You will find that even after Tencent is listed, if you look at the next few years, you will find that many venture capital projects have successfully listed large projects. From early investment to listing, you may not make as much as you have with Tencent.

In a sense, Tencent's QQ can deliver traffic to various new internal projects, which is equivalent to an assembly line, with continuous high efficiency, creating one successful Internet project after another.

Especially in the gaming business, I predict that Tencent will be the king of gaming in the world, and no one will be able to match Tencent’s scale in the gaming field in the future! "

"You are not Tencent's management." Xiong Xiaoge shook his head, still not buying Tencent.

The main reason is that the current price of Tencent after its listing is at least ten times more expensive than the price at which IDG sold Tencent shares.

If he buys it at this time, he feels that he is chasing the high price.

Seeing his lack of interest, Zhao Han couldn't help but shake his head. Sure enough, people can only make money within their cognizance!

The later BAT concept was actually proposed by Xiong Xiaoge.

Because he made mistakes with BAT, he constantly emphasized the need to invest in companies like BAT.

Of course, the concept of BAT is actually quickly outdated. In the Internet arena, with the development of the times, T’s Goose Factory is still awesome, and A’s Alibaba is just that.

Baidu, represented by B, later transferred the top big factory sequence.

The main reason is that Baidu has seized a series of trends in the PC Internet era.In the mobile Internet era, there are a bunch of apps worth hundreds of millions.But I can’t get a ticket qualification certificate from a top traffic entrance manufacturer with 10 billion active users like WeChat and Douyin.

Alibaba later did not obtain the qualification certificate of a major company with a user volume of 10 billion. However, a series of brands such as e-commerce, cloud, payment, rookie, local services, etc., added up, actually the pattern is not small.

In a sense, Lao Xiong knows too much about the Internet and BAT, but they are just hindsight.

If he understands BAT, he should hold it after Tencent invests. Then, that would be a [-]-fold return.

The South African company acquired Tencent from IDG and Li Zekai at a premium, and later it was a return of several thousand times.

Later, South Africans continued to sell Tencent. It was because they had made too much profit and felt that Tencent was already large enough and could not grow indefinitely, so they began to sell continuously. Moreover, their plan was to sell 1% a year. Selling at a rate of ~2% year over year.According to the selling speed of South Africans, it will take more than ten or 20 years to completely sell out.

In terms of investment level, the South African company, with just this one investment, has become the most powerful venture capital firm in the world.

Not convinced...Other venture capital institutions came to argue.

"I am not Tencent's management, but I am Tencent's opponent!" Zhao Han said, "If you cannot correctly understand Tencent, then your understanding of the pattern of the Internet may be insufficient. In the room, there is a It’s a huge elephant, and you can’t leave this elephant behind and just study other things.”

"If Tencent is so awesome, wouldn't it mean that all kinds of venture capital are meaningless, and all kinds of entrepreneurship are meaningless. Buying Tencent is just investing in growing the Internet."

Xiong Xiaoge couldn't help but look sober, "The Internet was created by talented people from generation to generation. Many of the turbulent Internet companies in the 90s have disappeared and have been replaced by some newer and stronger new Internet companies." The company took over.”

"Some companies are different." Zhao Han said with a smile, "Listen to what I say, if one day you, IDG, realize that even if Tencent is listed, even if it is 100 billion now, it will reach 1000 billion in the future, and you have thoroughly studied it. It’s not too late to buy when the market value is 1000 billion. The most terrifying thing is not to buy at 1000 billion, but Tencent’s market value of several trillions in the future. If you chase the high, Huo, then it may be a high-level takeover.”

Everything in the world has its limits. Once the limit is exceeded, it will flourish and decline.

For example, there is a limit to the speed of growth.If a company has grown rapidly for more than ten years and has grown a thousand times, you cannot expect to continue to maintain the past growth rate after growing a thousand times.

Later, when Internet dividends had actually peaked, a group of investors who were optimistic about Tencent emerged. The mistake these people made was that they were too slow to react. It took more than ten years for them to realize that Tencent It's an awesome company.And then... I bought it at a price that was too expensive.

"How can Tencent have a market value of several trillion?" Xiong Xiaoge shook his head repeatedly.

"You will see it in the next ten years or so." Zhao Han was very confident.

Chapter 430 The first film and television adaptation of the rebirth novel

In early November.

Jiangcheng County, Anhui Province.

A bus brought a group of movie behind-the-scenes personnel recruited from the port city to the hotel to settle down.

The best hotel in Jiangcheng County now is the Binshui Park Hotel, a three-star hotel.The price of a guest room is 120 yuan per day, which is very cheap in a port city, but it is a very luxurious configuration in Jiangcheng County.

As for the crew of more than 20 people, everyone stayed at the best hotel in the county.

In the crew, Mai Xiaoling represents Wen Jing's controlling shareholder and acts as a producer, while Yu Weiwei acts as a producer.

The person in charge is Mai Xiaoling. She graduated from Hong Kong Polytechnic University and studied management. She is not very experienced in the entertainment industry, but she does not need to be an expert. She just needs to find some local experts according to the needs.

"Ah Zhong, don't underestimate the opportunity of this low-cost movie!" Mai Xiaoling said, "This opportunity, try your best to do your best! Even if the movie is not profitable, you must let the boss see your attitude. Of course, if you do it well, you can also become a great director and a famous filmmaker."

"I know, Mr. Mai! During this period, I worked very hard to polish the script according to the boss's wishes. I changed the parts that I thought were self-righteous and respected the original work more."

Chung Chi-chang is originally a second- or third-rate screenwriter, and Hong Kong films actually don’t pay much attention to the status of screenwriters.

Based on Zhong Jichang's previous qualifications, he had already debuted as a scriptwriter for TV series and movies in the 80s. In fact, his qualifications combined are dozens of times that of a screenwriter for film and television dramas.

After working as a screenwriter for many years, I actually only made enough to make ends meet.

In the last movie, I finally managed to get a co-director and co-writer status.But it only earned less than 10 yuan. After all, it was a low-budget movie with no surprises, and the box office wasn't great either.

In addition, co-director Chen Jiashang still has films to film. After all, his qualifications and past achievements are there.

If a second- or third-rate film director like Zhong Jichang had not been discovered by Mai Xiaoling, it would be difficult for him to make a living.

"Okay!" Mai Xiaoling said, "You have to take this seriously! Don't talk about our boss.

We, Mr. Yu Weiwei, are in charge of Weibo International in the Eagle Sauce market. We will also have online film and television websites in the future, and we want to create a world-wide online Disney.

At this stage, we are acquiring some old copyrights and cheap copyrights.The copyrights of some unpopular movies and TV series have been sold countless times, hoarding a large amount of online copyrights and enriching the copyright inventory of the website.

When the number of unpopular copyrights accumulates, there will still be a lot of opportunities for new film and television dramas in the future.

It’s not just opportunities for Chinese-language films, it’s opportunities for Hollywood, it’s also our company’s business. "

At this time, Zhong Jichang, a second-rate screenwriter and third-rate director, was instilled with more concepts about the size of the company's structure.

After all, he doesn't know much about the Internet, but Hollywood does.It's hard for him to get into Hong Kong movies and eat all the food. He is so excited by this kind of cake that his blood boils.

Wait until you have rested in the hotel for a day.

The crew of "Rebirth" has begun casting auditions for actors.

Then, Wen Wen Jingjing's company headquarters naturally gave full support. Among them, Zuo Xiaowen, the company's tea girl, actually got the heroine.

The reason is that Zhong Jichang and several crew members feel that Zuo Xiaowen has great acting talent and has some advantages in appearance.

Then, the company's idea of ​​a tea girl playing the leading role in a movie was officially realized.

The crew of Hong Kong films may sound bad because they are impetuous, but if they sound good they may be fast-paced and sell well.The casting was almost arbitrary.

Almost like this, Hong Kong movies are like this. They are usually non-professionals who enter the industry accidentally. Later, they gradually accumulate experience through work and gradually acquire various work skills.It’s not like domestic film and television academies, which require you to study for a few years before starting your professional career.

Even if there is vocational training, it is mainly short-term training carried out by institutions such as TVB.

Generally speaking, Hong Kong films are very market-oriented and grassroots in nature.

There are both professionals and self-taught people who are not systematic and rely on experience.

For example, Zhong Jichang had been with the film crew for a long time and felt that he could be a director. Then relying on his past connections, he got one of the co-directors on the last movie "Headline" and made his debut as a new director.

To say that he lacks experience in film and television production is nonsense.Mainly, there is a lack of experience in independent directing.However, Zhao Han gave him a small cost to train and would not give him a huge amount of money at the beginning.

Investing in such a third-rate director is mainly a matter of money.Although the Hong Kong industry is in decline, in the next 20 years, the Chinese film and television industry will be inseparable from talents in the Hong Kong industry.The stock of talents accumulated in Hong Kong is amazing.

……

The plot of the movie "Rebirth Ten Years Ago" is very simple.

Huang Xiaoshan is a middle-aged man facing a mid-life crisis. The company's performance is poor and there is a possibility of layoffs.

His extravagant girlfriend broke up with him after spending all his money, and worked endless overtime.

So he began to miss the past, the years when he was young.

When he woke up, Huang Xiaoshan returned to ten years ago, the 90s.

Then, he has a childhood sweetheart, another beautiful neighbor.Taking advantage of his rebirth, Huang Xiaoshan made a lot of money investing in stocks, and then opened a chain of Internet cafes.

He won the heart of his childhood sweetheart.One worry is that his beautiful neighbor becomes a partner in his company and helps him succeed in his career. It is also a love triangle between two girls.

Until the end of the movie, a vague choice was given, and it seemed that the male protagonist chose his childhood sweetheart.

But in reality, it’s just a stage.

It paved the way for the sequel and the emotional line next door.

If the movie is a hit and gets a sequel...

Roughly speaking, it's a cyclical stock trading cycle. In this movie, the girl next door is the heroine, and the younger sister steps aside. In the next movie, the situation is reversed.

This is not the fault of the screenwriter, because the original work follows this stock trading route.

……

"Is the boss of Pusancheng Shen here?" the new editor of Jingjing Reading Network asked on QQ with a smile.

"Yes!" Huang Dashen, whose pen name is Pu Sancheng Shen, replied.

"The film and television adaptation rights of your work, "Rebirth of Childhood Sweethearts and the Girl Next Door" have been sold.

The copyright for the first film is 2 yuan, accounting for 1% of the film investment, and the copyright fee is 1.4 yuan in advance.

The money will be transferred to your account probably next month.

If the movie is released, it is calculated based on the actual box office.

Currently, the prepayment is based on 1% of the investment amount.The website gets 30% and you personally get 70%! "He informed with a smile.

"Oh, thank you! Are there so few film and television adaptations?" Pu Sancheng couldn't help but be surprised.

“On other friendly novel websites, many works are sold for a few thousand dollars.

What we require is no less than 1% of the film and television investment amount, so the copyright price is okay. "

Hanxiao said, "Your copyright is guaranteed to be calculated based on 1% of the investment amount. In fact, it will be calculated based on the box office after the movie is released. Generally, investors can get about 33% of the box office revenue. If you take 1% of the investment amount, you can also It means getting 0.33% of the total box office in the end! If the box office is a big hit, it should be more than 1.4. If the box office is low, this is the minimum amount."

"I know!" Huang Dashan did not object, "I trust Jingjing Reading Network."

The copyright fees earned from film and television adaptations are much less than expected, but Huang Dashan is still a little embarrassed.

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