Chapter 653 Investment List

The yellow booklet is the longest read by Su Cheng, and the Internet company in it is also the company with the highest return on investment he knows.

Before the Internet era, no company, or industry, could produce such a high value in such a short time. Even the legendary silk business, spice business, and even the colonial business and drug trade could not reach such a height.

Take Netscape as an example. When it went public in 1995, the Wall Street Journal commented that it took General Dynamics 43 years to reach a market value of $2.7 billion, while Netscape only took a minute.

Even if it is calculated from the design prototype of Netscape, it has only taken 3 years. In the following three years, Netscape's market value doubled, and it still has considerable potential.

This is a scene that is difficult to see in the traditional industry. Even the once brand-new semiconductor industry and the telecommunications industry cannot create such brilliance.

People in 1994 could not expect such a change in the world.

Ji Runzhi, like those jackals of investment banks, is optimistic about the brand-new Internet industry, but they can never predict the vigorous development of the Internet industry.

The 2.7 billion US dollar Netscape looked like a fantasy in 1994.

The hundreds of billions of dollars of Google and the death are still a fantasy in 1995.

However, Su Cheng looked through the yellow book and couldn't find a name like Google, so he simply said, "I like Internet companies, especially search engines, just like Yahoo. Every month from now on, you have to give me a detailed report on the company in this regard. Can you do it?

"No problem." Ji Runzhi smiled and said, "So, can I host this investment plan?"

"I will allocate it to you on time." Su Cheng pondered for a moment and then said, "I will send new financial personnel to Dahua to invest, and on the one hand, you can set your own investment goals, and on the other hand. If you want to complete the goals I set, and the company I asked for to acquire is of higher priority.

"I understand, I believe in Su Dong's vision." Ji Runzhi did not lie. Just the London futures trading that took place a few days ago has proved the investment level of Sucheng.

Su Cheng nodded slowly, and then picked up another loose-leaf book. While reading, he said, "When acquiring these companies, we should pay attention to, on the one hand, we should leave management shares that are enough to stimulate their initiative, and on the other hand, we should reduce legal disputes as much as possible. In particular, the company I asked for to acquire must be clean, complete patents, complete company composition... the exercise of shares. In particular, we should consider the distribution of profits once the company is listed..."

"For entrepreneurial companies, disputes are often difficult to avoid. If you want to get clean and complete shares, you will definitely have to spend more money."

"Then spend more money." The earliest Netscape was worth tens of millions of dollars in 1994, and there are also reasons for investors. It is difficult to spend more than a million dollars in a company.

"Okay." Ji Runzhi has no problem. Many large companies have similar requirements. Generally speaking, the larger the company, the more documents to sign. The cost of signing contracts is often higher than that of small companies, but in terms of average risk, large companies obviously control it very well.

Ji Runzhi originally favored to sign more companies. After all, venture capital is originally an investment behavior. However, Su Cheng asked for something, and he did not object, in his opinion. This is also a good performance of the company's formalization.

After thinking about it, Ji Runzhi asked tentatively, "About the first company you saw..."

"Netscape? What's wrong with it?"

"Its its own patent does not seem to be complete."

"Oh?" Su Cheng knew that Netscape was good, but how could he know the details in it? He couldn't help but focus on it.

"The designer of Netscape originally made the design in the university. Therefore, both the patent and the original browser are left in the university. Now Netscape is the one he came out to do alone and rewrite one. Therefore, if someone buys the patent of the browser from the university, it can also be developed on this basis. Of course, it's not easy, but it's still a loophole.

"Then buy it from the university." Su Cheng roughly remembers that Netscape and Microsoft's ie are related by blood. Now that I think about it, that's the reason.

Ji Runzhi coughed and said, "The University of Illinois has sold the patent to a company. I can ask the price..."

"If you can buy Netscape, then buy the patent back after all. If it really doesn't work, buy that company as well. If you can't buy Netscape, you need an authorization. Su Cheng's decision was made quickly.

Ji Runyi was stunned and said, "If you forcibly buy the patent, the cost will be much higher."

"How high is it?"

"One or two million dollars. Don't say that."

"Buy it." When Su Cheng saw Netscape, he thought about billions of dollars. Naturally, he didn't care about one or two million dollars.

Speaking of which, the profit margin of Internet enterprises is much higher than that of traditional energy enterprises. If you get an oil field, you may make billions of dollars, but an Internet company can be worth billions of dollars.

Of course, the profit of the oil field is quite stable, and obtaining the equity of Internet companies through venture capital is not much higher than the probability of finding the oil field. From this point of view, the energy industry and the Internet industry have their own advantages.

However, there is a strong point for energy enterprises, which is beyond the reach of Internet enterprises after 20 or 30 years, that is, their social and political influence are very extensive.

Whether it is a Chinese company like Dahua Industry or a large oil supplier like Exxon, they can happen more or less at the national and international political level through various means. It is quite difficult for Internet enterprises to do this. Ordinary large Internet enterprises don't want to think about it. It will take ten years for the top Internet companies to get one-tenth or one percent of the respect that matches their own wealth.

In terms of the stability and security of wealth, energy companies are also one of the best. Slightly larger oil companies are basically companies that can't go bankrupt in various countries. At least in one region, it is a pillar-like existence, which can get countless preferential treatment. Its relationship with other companies in the industrial chain will naturally become an enterprise network, so that its security and stability can be improved.

In history, venture capital has encountered many lawsuits and lawsuits.

Netscape's browser was almost destroyed by Microsoft with hooliganism.

But. If Netscape is obtained by Dahua Industry, it is not easy to directly repel Microsoft with the current momentum of the Pan Asia Fund and Dahua Industry. It is easy to urge the U.S. Department of Justice and federal prosecutors.

Ji Runzhi is willing to join Dahua Industry. In fact, he has similar considerations, if not. He might as well stay on Wall Street.

Seeing that Su Cheng's idea was right, Ji Runzhi naturally took this in mind, and then pointed to the loose-leaf book in Su Cheng's hand and said, "This is a high-tech company of a certain scale. The cost of investment will be much higher, but the risk will be much lower, such as Microsoft and Cisco. Their value has increased by hundreds of times. It is generally believed that there is still room, but it is hard to say how much is left.

"If you have extra money, buy it... Well, it's 94 years old, and you can invest one or two billion US dollars in Microsoft." Su Cheng said and continued to turn over the book. Microsoft in 1994 has not released window95, let alone Genesis window98, so there is still a lot of room for growth. However, this kind of rising space cannot be compared with venture capital companies, and investment start-up companies can easily get a controlling stake. At least a high proportion of shares, while companies like Microsoft and Cisco can only pay dividends at most. Whether it is utilization or influence, it is not as good as venture capital.

However, Sucheng can't throw all the billion dollars in his hand to a small company. In contrast, Microsoft in 1994 is still a good choice.

After

. Apple, which has just become the richest man in the world, is Buffett's Berkshire? Hathaway, Dell, which has just stopped its personal computer retail business, and Nokia and other companies that have not yet shown their king style. It is also all listed on the list of Su City.

Sioux City roughly estimates that if these acquisitions are completed with $10 billion, whether he leaves before the collapse of the dotcom bubble in 2000 or not, he will become a super-rich with assets of at least $10 trillion, comparable to the entire Rockefeller family...

In 1995, and 1996, more Internet companies will appear, such as Amazon, ebay...

As the boss of an oil company, Sucheng's nerves have long been extremely large, and he has no burden on 10 trillion US dollars. He only said, "Build a few offshore companies, acquire companies and stocks, and put them under the name of offshore companies."

If you are an ordinary person or the boss of an ordinary company who gets 10 trillion dollars, I'm afraid he is so scared that he can't sleep.

For Sucheng, which has just experienced insider trading, has been to the former Soviet Union, and is still fighting in Central Asia, the more money you have, the more it will make you stronger.

In the oil industry, there are many companies with billions of barrels of crude oil reserves. Everyone will only sleep better because of the increase in reserves, and will not be at ease when the reserves are reduced.

Ji Runzhi thought that the offshore company built in Sucheng was going to avoid taxes, so he happily agreed. No one likes to pay taxes, just like no one likes protection fees.

Su Cheng had no awareness that he was about to become a billionaire. After confirming the list of investment companies, he began to prepare to return to China. At the same time, he continued to meet with company representatives who were interested in joining the Pan-Asia Fund, and took time to be interviewed by the media. He had no intention of celebrating.

Su Cheng himself measures his personal wealth based on China's foreign exchange reserves. He owned billions of dollars in 1990 and tens of billions of dollars in 1994, which is not much different from trillions of dollars in 2014. It seems to be reluctant to say that he In 14 years, "only" trillions of dollars, the ratio of assets to the country's foreign exchange reserves has become less.

However, what Su Cheng deliberately did not consider is that China's foreign exchange reserves in 1994 were not worth mentioning internationally, while China in 2014 was already the largest country in foreign exchange reserves.

Su Cheng is just a conscious hope to pay more attention to the role that the money can play.

In terms of enjoyment, he could have retired as early as two years ago, and Su Cheng is more willing to use this money to support Dahua Industry and Dahua Laboratory.

......RU