Chapter 651 Crossing the River by Feeling the Stones
Beijing time, February 7, 1986, the 29th day of the twelfth lunar month.
There were still two days before the New Year's Eve, and all the companies in the mainland had started to take holidays, but Li Ye, who was in the lighthouse, was very busy.
It took Jeff only a few days to rent an office, hire employees, set up the framework of the venture capital company, and start working immediately.
Gary collected a lot of investment information about Silicon Valley, and needed to analyze valuable investment projects from it. As "interns", Li Ye and Wen Leyu naturally needed to go through it and gain some internship experience.
Li Ye thought that with his biological hard drive, he could easily find gold in the sand and find a lot of opportunities to make a lot of money.
However, he held a lot of information and carefully screened it for several days, but he didn't find any familiar words in his memory, and he also tired the translator Wen Leyu out of light dark circles.
There is no considerate Chinese-English AI translation tool at this time, and many business-specific terms are not entered in the dictionary.
Wen Leyu is a picky person. As long as he can't figure out the meaning, he will hold several thick dictionaries and compare them carefully. He will not stop until there is no ambiguity.
[Is my memory limited? Or is it survivor bias? All these projects have failed? ]
Li Ye threw the information on the table helplessly, and deeply understood the meaning of the word "wind" in venture capital companies.
Money is not blown by the wind, but it is blown away by the wind.
People only remember those successful cases, but those failed projects, who knows how much investors' money was wasted, just like the wind blowing away, "whoosh" disappeared.
Li Ye and Wen Leyu worked hard for several days, and finally only found two seemingly ambiguous investment opportunities, and gave Jeff investment advice, asking him to analyze the investment risks in an all-round way.
"Beep beep~"
The office door was knocked.
Wen Leyu, who was lazily resting on Li Ye's shoulder, immediately jumped away like a startled kitten.
Although everyone knew that they were a young couple, in front of outsiders, Wen Leyu still followed the tradition of the flower-growing family and was habitually reserved.
"Please come in."
"Hello, Mr. Li, Ms. Wen, here are your tea and coffee."
The company's secretary brought in two cups of coffee and placed them in front of Li Ye and Wen Leyu.
"Thank you, Lisa,"
Li Ye thanked the secretary and asked, "Does the company have any new information today?"
The female secretary smiled and said, "No, but Mr. Jeff said that we have an appointment with three patent owners this afternoon. Do you need to come and listen?"
Li Ye was in high spirits and nodded, saying, "Of course, we cherish every opportunity to learn."
[Are you here to learn? Or to supervise? ]
The female secretary Lisa looked at Li Ye and Wen Leyu, but she didn't treat them as interns.
"There is one more thing, Mr. Li. The two Bentleys you ordered have been confirmed to arrive in two weeks. There is also news about the house you are looking for. The owner asked you when you have time to go to see the house."
"."
Although Li Ye and Wen Leyu are interns, have you ever seen an intern order two Bentleys at once? Have you ever seen an intern buy a big house as a place to stay just to come here for internship?
"We will go to see the house in a few days. We don't have time recently."
Li Ye didn't rush to see the house immediately because the Spring Festival was coming soon. Wen Leyu was exhausted in the past few days and wanted to relax and rest.
"Okay, I'll arrange it for you right away."
... . . . . . . . . .
After Secretary Lisa went out, Wen Leyu quickly took out the three investment projects that he was going to interview in the afternoon.
Although she had seen these three projects several times, she still couldn't help asking Li Ye: "Do you think these three projects can make money?"
Li Ye smiled lightly and said: "Maybe! Venture capital is always risky. Anyway, there is not much money, so give it a try!"
Wen Leyu turned his head and looked at Li Ye, and suddenly said: "You are not confident. After so many years, this is the first time I see you not confident."
"."
Li Ye looked at Wen Leyu in surprise, feeling that "this is all seen through by you."
Since writing "Lush", Li Ye has been extremely confident.
Whether it is cooperating with Pei Wencong to speculate on exchange rates, play stocks, or investing tens of digits in hunting Japanese stupidity, he has no lack of confidence.
Because Li Ye knows the final result, there may be some twists and turns in the investment process, but the probability of success in the end is still infinitely close to 100%.
But for the three investment projects on hand, Li Ye knows at most that they are in line with the general direction of technological development, but he has no confidence at all whether they will die in the development process.
Although the three projects together are less than one million, Li Ye now fully understands the feelings of Pei Wencong, Luo Runbo, and his mother Fu Guiru when they followed Li Ye to invest.
Throwing hundreds of thousands of dollars in feels like playing with water, and the probability of sinking to the bottom is really infinite.
"Xiao Yu, it's not that I'm not confident, it's just that the venture capital of Dengta is like this, because everyone likes innovative projects that have never been seen before, which is completely contrary to our mainland's concept of 'crossing the river by feeling the stones'"
Although Li Ye was seen through by Wen Leyu, Li Ye could not directly admit the ultimate secret of his "hanging force", so he could only explain it to her from another perspective.
Wen Leyu frowned: "Completely innovative? What does that mean?"
Li Ye replied: "It means completely new things and new concepts that have no precedent. For example, when I speculated on exchange rates and set up factories, there were solid economic theories to support it, but the new technology investment of Lighthouse has no support."
Li Ye's explanation also makes sense.
Because in the previous life, some investors talked about the essential difference between mainland investors and Lighthouse investors.
When domestic investors are preparing to invest in the angel round, most of them will ask a question-"Which successful company of Lighthouse is your project benchmarked against?"
"We are doing e-commerce and are preparing to benchmark against Lighthouse Amazon."
"Ou Ke, I invested in this project."
Because Amazon is a successful project, it is the "stone" in the middle of the river, and you can cross it by feeling the stone.
It's not painful to play with other people's money, but if you really take risks with your own money, you can't sleep well at night.
And benchmarking against successful overseas companies and crossing the river by feeling the stones is the lowest risk among many ways.
But if you invest in Lighthouse, and you tell them that we are benchmarking Amazon and are ready to copy Amazon's success, the investors will most likely walk away.
[Amazon is right there, if I want to copy it, why would I need you? 】
So when looking for investment in Lighthouse, you have to be a liar in various ways. The more unprecedented it is, the more interested the venture capital companies will be.
Many concepts would make you a liar in the mainland, but in Lighthouse, people really dare to invest money.
The difference between these two investment concepts is that one is to strike first and make a fortune by taking the first bite of the crab, and the other is to strike back and hope to surpass the master.
It's just that a student who is used to copying homework, even if he has mastered the key points of the knowledge, will inevitably feel guilty when he is given a question to do by himself.
Just like some companies in the mainland in later generations, when they reached the world's first-class level, they suddenly began to make strategic mistakes. In fact, there was no target to learn from before, and the stone in the middle of the river was gone.
Of course, that also proves that they are already the boss in the industry.
After listening to Li Ye's explanation, Wen Leyu stared at Li Ye's eyes suspiciously for a long time, and finally asked: "Why were you so sure and confident when you invested in Cisco?"
Just yesterday, the cooperation with Cisco was completely finalized.
Li Ye immediately invested millions of dollars to help Bosack and his wife speed up the development of a new generation of routers, and even urged Jeff to start acquiring semiconductor processing plants to prepare for the next market occupation plan.
This firm confidence in success is completely different from today's situation.
"Because I think the computer network invented by Bosack can bring people closer and change the world."
Li Ye sighed, picked up the three project materials on the table, and said: "But these project materials are full of foggy things, I can't understand some of them."
Wen Leyu was stunned for a moment, and said apologetically: "It's all my fault. My translation is not in place."
Seeing the apology on Wen Leyu's face, Li Ye felt ashamed.
This girl always felt that she couldn't help herself and took the responsibility on herself.
Li Ye held Wen Leyu's hand and said in a deep voice: "Let me tell you the truth! I have a mysterious ability to see through certain opportunities to make money, so I am so confident."
"."
Wen Leyu stared at Li Ye for a long time, and suddenly laughed.
"Yes, yes, you are the godson of Old Huai, you are the Wenquxing in the sky, Old Huai always dreams of you in the middle of the night, you know everything, hahaha~"
Li Ye looked at Wen Leyu who was laughing, blinked, pouted, and laughed too.
[Sister, I told you the truth, if you don't believe it, don't blame me! ]