The Millennium Semiconductor Survival Guide.

Chapter 81 Open Registration Authority

Because sooner or later he will return to China, and from the perspective of future generations, Quora is far less important than NewPay, so Zhou Xin plans to cash out Quora and leave at the peak of the bubble.

As for whether to sell to Microsoft or Yahoo, or AOL, it depends on who charges a high price.

90.00% of Quora's shares are in the hands of Zhou Xin. He originally planned to find a few more university investment funds, sell a small amount of shares to these university investment funds, and establish a good relationship in advance.

Zhang Lei returned to China and founded Hillhouse Capital. The first initial capital of 2000 million US dollars was the investment fund of Yale University.

Not to mention that Zhou Xin intends to invest part of the funds in the direction of integrated circuits. With the investment fund of American University, follow-up technical issues and the introduction of integrated circuit talents, including the establishment of R&D centers overseas, will also have more channels to help matchmaking.

For this reason, he would rather let American University make a small profit on the Quora project.

Zhou Xin’s status as a doctoral student at Berkeley University made him immediately plan to find the relevant person in charge of Berkeley. When he was studying in Berkeley, the total assets of UC Berkeley Foundation had exceeded 15 billion US dollars.

As a result, what he didn't expect was that Berkeley University still doesn't have a school-owned investment fund.

Only a few universities have their own angel investment funds, such as Stanford, MIT, Harvard and so on.

Zhou Xin from these universities didn't have any contacts, so after thinking about it, let it go, there will be opportunities later.

The evening meeting with Jerry Yang was far less formal and more like a conversation between friends.

Although Zhou Xin rejected Yang Zhiyuan many times and invested in Google and Baidu, Yang Zhiyuan did not regard the other party as an enemy because of this.Jerry Yang has always believed that competitors can also be friends, because there is also the possibility of cooperation in commercial competition.

Competitive relationships are only temporary.

Not to mention the personal relationship between Yang Zhiyuan and Hu Zhengming, and he is happy to see Chinese voices in Silicon Valley.

During his time at Yahoo, he sought cooperation with Google several times, including in search and advertising.He also worked with Microsoft executives to make Bing the back-end technology for Yahoo's search.

"Jerry, it's been a long time. Every time I see you, I feel very kind." Zhou Xinyu didn't know how to start. In fact, he wanted to get straight to the topic. Quora can sell it, not now, you just prepare the money and it's over. .

Yang Zhiyuan got up and shook hands with Zhou Xin: "Every time I see you, I want to give you money so much.

Whether it is Riot Games, NewPay or now Quora, there is an impulse that makes me want to buy.

Really, even if I'm the CEO of Yahoo, when I experience your product, there will be an impulse that Yahoo is not cool.

We just bought GEOCities not long ago, and users started to boycott Yahoo, and you launched Quora.

Quora is an amazing product, if I wasn't the CEO of Yahoo, I would definitely have an account on it. "

In fact, Internet companies today are no different from Internet companies 20 years later. Once listed, they will face performance pressure, and the operation of the entire company needs to be profit-oriented.

Especially for a company like Yahoo that enjoys a high valuation but has not achieved a breakeven, they also lost a net loss of 1770 million US dollars last year.

Therefore, after Yahoo acquired GEOCities, it began to increase the number of advertisements, limit the size of the page, and restrict the free creation of users. Restricting user creation means that users can only create freely after paying to become a member.

As a result, GEOCities' original users boycotted collectively, and then Yahoo hastily canceled many measures.

Now that Yahoo has just fallen into the quagmire of GEOcities, Yang Zhiyuan looks a little haggard.

Zhou Xin wears a variety of plaid shirts most of the time, which is not easy to make mistakes. He can't accept the current American style: "I would like to sell Quora, but not now."

After Zhou Xin said this, the blue plaid shirt on his body made Yang Zhiyuan's eyes a little dazed again: "What did you say?"

"I said I would sell Quora, just not now."

Yang Zhiyuan asked: "Let's make a price."

Zhou Xin shook his head: "It's still too early, you and I know the value of Quora, there are only a few hundred thousand users, but the number of views has already ranked among the top five in the United States.

His potential is huge, and now Yahoo's board of directors cannot accept the price that is too high, and I cannot accept the price that is too low.

So after Quora fully proves its worth, I will negotiate with you again.

You don't have to worry about what kind of business strategy I am telling you that Quora will choose to sell, so that you will not be Yahoo's knowledge question-and-answer community.

Because when the time comes to sell Quora, the highest price will definitely win, and Yahoo may not win, so Yahoo can completely be its own knowledge question-and-answer community. "

Zhou Xin showed a confident smile: "It's just that after you start your own knowledge question-and-answer community, you will have a better understanding of the value of Quora."

Yang Zhiyuan asked: "So confident? Are you afraid that Yahoo will do better than Quora, and the value you expect will not only fail to be realized, but will make Quora lose its original value?"

Zhou Xin: "If I didn't have this confidence, I would have sold Riot Games to you directly."

"Recently, Riot Games CEO Newman met with Bill Gates of Microsoft and Jerry Yang of Yahoo respectively in Los Angeles. It is reported that Newman intends to sell Quora, and Microsoft and Yahoo are potential buyers."

Whether Zhou Xin met Bill Gates or Yang Zhiyuan, he didn't find any high-end restaurants with good privacy, especially when he met Bill Gates, he was in a very popular chain coffee shop.

This also caused the media in Silicon Valley to report the news of his meeting with Bill Gates and Jerry Yang, and then made up various horror headlines.

When the media's attention was focused on Zhou Xin's meeting with Bill Gates and Yang Zhiyuan, Quora launched a new user registration mechanism.

As an Internet practitioner in Silicon Valley, Rex has been paying attention to this product since Quora was launched.

After the content of Quora has settled down, it has gradually become popular, and some colleagues around me have also obtained account registration verification codes one after another, and everyone's discussion on Quora is getting higher and higher.

After experiencing it himself, he thinks this product is more in-depth than the Riot Electronics community. He is not as interesting as the Riot Electronics community, but the depth of discussion on professional issues is far beyond the Riot Electronics community.

So he's desperate for an account, he's not too keen on asking questions, Rex wants to answer questions, which he's always liked.

In particular, there are like and follow functions.

However, Quora has never opened the registration function. A colleague around me obtained a registration verification code, which is also a secondary registration verification code, that is, a verification code that can only be used to register an account.

This kept Rex without an account.

He knew that Quora, like the Riot Electronics community, was Newman's industry, so he joined forces with a group of users in the Riot Electronics community, frequently attacked, and posted some posts hoping that Quora would open registration.

On the day "Quora opens registration permissions", the official account of the Riot Electronics community posted such a notification post.

(End of this chapter)