Chapter 325
Xiong Xiaoge is a big boss in the Internet venture capital industry. He knows the Chinese Internet industry very well. He has infinitely more information and data than Qin Shaoyan.
Nowadays, the video industry seems to be very lively. They are all a bunch of small fish and shrimps. Only a few are pretty good and can make some splash. The rest are not even worth watching, and some of them are even invisible. Light.
It’s not that other venture capital investors are not enthusiastic about this emerging concept, it’s just that the scene is too chaotic, and the video website is particularly expensive.
Other websites can survive for several years if you invest a few million dollars, but a video site can lose a few million dollars in three months, which is faster than burning money.
Xiong Xiaoge had previously considered whether to invest in one or two more video websites. After all, eggs cannot be put in one basket.
But he quickly changed his mind and looked around. There was nothing worth investing in other websites. They were just copying Qin Shaoyan’s ass. His ideas were not as clear as Qin Shaoyan’s, and there was no investment value at all. .
So Xiong Xiaoge feels that the video website field can be celebrated with champagne in advance. Qvod.com has no opponent that can fight, and it is a crushing lead.
In this situation, all you have to do is wait and plan to go public to make money. There is nothing else to worry about.
The last round of financing raised a full US$48 million, which is enough for Qvod to operate until next year.
How much money do other video websites have on hand? If they want to raise funds, they can't find venture capital willing to invest.
Qin Shaoyan proposed financing at this time, in the name of meeting the challenges of his peers. What do you want Xiong Xiaoge to think?
Isn’t this a clever way of spending money?
Get more money before it goes public?
A veteran like Xiong Xiaoge has seen a lot of the tricks entrepreneurs use to extract money.
The more he thought about it, the more something was wrong, so he went to the president's office of the campus network in person, met Qin Shaoyan, and gave him a good beating.
Let Qin Shaoyan concentrate on the IPO plan and don't think about what he has or not.
If you want to raise funds, you have to wait until the funds are used up or before going public. It has only been less than half a year since going public.
It’s too disrespectful to ask for money.
Isn’t it good for everyone to work hard to go public and then make money from the stock market? That is much more than venture capital.
Although Xiong Xiaoge had always believed in Qin Shaoyan's integrity before.
But, shopping malls are like battlefields. Years of experience have taught Xiong Xiaoge that he should not underestimate greed and overestimate human nature in the face of money.
“I had people investigate other video websites last month, and they were not very good. They were short of funds and had poor data. Most of them could hardly survive a quarter.” Xiong Xiaoge said slowly.
“There are some websites that are looking for funds, but the venture capital industry is still very cautious now, and I hope to see more before talking.”
“Qubao.com doesn’t have to do anything, and it will survive even to death. Part of the video website.”
"The data curve of Qvod.com is very good. It will have more than 10 million users by next year. If it continues to develop at this rate, IPO listing in 2008 will not be a problem."
"After listing on Nasdaq, it will have a fast The valuation of a high-quality website like Bowang will definitely exceed US$2 billion.”
Xiong Xiaoge smiled and described the future money prospects in a seductive tone, “US$2 billion, which is equivalent to almost 200. 100 million RMB, Mr. Qin will become an Internet CEO with a net worth of tens of billions. "At that time, any cash out will be more than the amount of financing. What we have spent is the money of American investors." br>
Qin Shaoyan’s face was full of shock, “Mr. Xiong, are you drawing a cake for me?”
The world has really changed. VCs are trying to make a fool of entrepreneurs, but Tiangang is right.
“Why do I call this painting a cake?” Xiong Xiaoge said with a serious face, “I’m talking about a normal business plan.” “And before 2008, when Qvod.com went public through its IPO, it was still you who made the decision. What’s the timetable?”
Qin Shaoyan was stunned for a moment, and then looked at Zhang Pingyi.
Did I say this?
Zhang Minyi responded quickly and immediately took over the conversation and said: "Mr. Xiong, the IPO we mentioned before 2008 is just a rough plan. It does not mean that it must be listed in 2008."
"Yes, I That's what I mean." Qin Shaoyan said immediately, "Judging from the current situation, the video website industry has a super-strong structure."
"Although Kuaibo.com is in the leading position, other video websites are not. They are not just waiting for death. They are also actively accumulating strength for a counterattack.”
“I have been lurking in the anti-Quabo Alliance group for many days. They have designed many plans to block the Qovo.com. We cannot take it lightly. "
Xiong Xiaoge frowned, "You tell me what they want to do."
"I'm not sure about the specifics, but the general direction is to focus on differentiated competition, differentiate ourselves from Qvod.com as soon as possible, and open up new tracks in vertical segments." Qin Shaoyan said casually, "Targeting users' pain points, thoroughly understanding the market environment, and finding new ones." Start with new paths, use new tipping points to enhance market awareness, connect in series, and use result-oriented logic to accumulate potential energy."
" Stop," Xiong Xiaoge interrupted Qin Shaoyan directly. If so, "Just tell them what they are going to do?"
"To put it simply, it is to abandon the plagiarism model of Kuaibo Network and turn to the plagiarism model of YouTube." Qin Shaoyan replied.
"Quabo network model? YouTube model?" Xiong Xiaoge frowned, "Is there any difference?"
"Of course there is a difference." Qin Shaoyan said seriously, "YouTube is engaged in UGC model , that is, users are the main content creators, providing content output for the website and sharing their works with netizens around the world.”
"Although Kuaibo.com is said to be built by imitating YouTube, we have adopted a different model, which is to provide services to users with genuine film, television dramas and TV programs."
Xiong Xiaoge understands it as soon as he hears it. , the content subjects of the two websites are different. YouTube relies on users to produce content and share it with users, while Kuaibo.com relies on purchasing genuine movies, TV series and TV programs to share it with users.
Qin Shaoyan continued: "Those colleagues have now figured out the differences between the two websites. They plan to thoroughly learn the YouTube model and rely on user-generated content to attract users."
"They also made a The creation subsidy program is used to attract more users to provide high-quality content.”
Xiong Xiaoge said lightly: “What do you think of their operating model?”
"I don't know." Qin Shaoyan said frankly, "The video website market has only been around for a long time. Everyone is exploring it. The two operating models have different ideas, and the main focus still falls on high-quality content."
"It's impossible to judge who is better and who is worse now. We can only leave it to the market to test."
Xiong Xiaoge nodded and said thoughtfully: "If they really change their operating ideas, then There’s something to behold.”
“Mr. Xiong, they must have two reasons for holding up the banner of the Anti-Quick Broadcast Alliance so blatantly,” Qin Shaoyan encouraged, “In order to cope with the sudden situation of competition among peers. , I must be prepared for a rainy day.”
“If we don’t prepare in advance, the loss will be huge.”
"The creative subsidies they provide are essentially burning money to attract users. Opponents have launched challenges, and Qvod.com will definitely rise to the challenge."
"It's hard to say how long the funds on hand can last compared to burning money. , and the number of users is increasing, and the financial pressure is also great."
Xiong Xiaoge was noncommittal and suddenly asked: "I heard that you have launched a two-dimensional animation channel. Is there such a thing?"
"Yes."
Xiong Xiaoge stared at Qin Shaoyan, "Animation is a waste of money. Why do you do this? What is your purpose?"
(End of this chapter)