The internet crisis has already become a thing of the past.

Since last year, Nasdaq-listed companies have shown a trend of polarization.

A batch of high-quality companies began to rebound and rise, while another batch could not find a way out. They could neither increase revenue nor sell reliable revenue theory models to investors, and were gradually submerged in the dust.

Unsurprisingly, Su Yehao once again became one of the biggest winners.

Whether it's Google or Yanwenzi Group, his two major internet groups in the United States have achieved amazing growth.

Google not only makes money by selling advertising, but also has good concepts with great growth prospects such as online video, online games, advertising, and online travel accommodation. Most investors believe that it is very likely to surpass Yahoo. While its market share is steadily increasing, it also has nearly two billion dollars in cash.

For such a company, many evaluation agencies are optimistic and give it an amazing valuation.

Among all unlisted companies in Silicon Valley, Google has already ranked first.

With the influence of 5s International Financial Investment Bank and KOKO Venture Capital, Su Yehao also launched the concept of "unicorn companies." The entry requirement is that they are unlisted, valued at ten billion dollars, and have good room for growth.

This is like sifting sand to find gold, directly showing the finished gold to people. In fact, Su Yehao mainly wants to advertise for Google and TOT, and take the opportunity to increase the influence of these companies.

After only a few months of fermentation, the concept of unicorn companies has been widely accepted in the venture capital circle.

Generally, unlisted internet companies with a valuation of more than ten billion dollars have extremely high potential for success. Google is temporarily ranked first on this list, and mainland companies such as tAt, TOT, and TaoBao are also on the list.

Needless to say, the value of Yanwenzi Group is clear at a glance on the Nasdaq Stock Exchange. Through advertising, third-party services, and creative incubation businesses, it has also embarked on a path recognized by investors.

Last month, Forbes magazine just selected the world's 500 richest people list for 2003. If Su Yehao hadn't cried poor and sold miserably, hiding some assets while exaggerating his debts, he would have almost accidentally squeezed Bill Gates from the altar.

This year, he can still suppress it, allowing Gates to continue to stand in front with a slight advantage of one billion dollars, relying on a net worth of 49 billion dollars.

Next year, it should not be possible to hide it. To be honest, Su Yehao would rather hide for a few more years.

For example, his dominance in the mainland internet market has aroused dissatisfaction among many investment institutions. Some people even hope that the mainland will intervene in the name of monopoly.

Fortunately, Su Yehao has a lot of face, and it ended up being nothing. Unfortunately, TOT had to be thrown out first to quell the conflict, which is undoubtedly equivalent to spending money to buy peace.

The conversation with John Chow continued.

Su Yehao was saying:

"When a company develops to the stage of Yanwenzi Group, it is easy to get sick, and some difficult problems arise internally. The most typical is the loss of initiative and lack of innovation. For companies like Photo Wall and Netflix, Lao Zhou, you must help me guard them. As the instant messaging business develops to a bottleneck, limited by the size of the internet user base, these subsidiaries are the key to continuing to maintain the attractiveness of Yanwenzi."

John Chow had also considered the problem he mentioned, and sat upright and said:

"I understand, they must have some highlights that you value. Even Netflix, which is engaged in the disc rental business, is now promoting a film review website through its film library, and has opened up new advertising business, which is very popular among Hollywood manufacturers and has signed long-term marketing and promotion agreements."

It just so happened that we were talking about this topic.

Although it's a bit early to calculate the time, it's okay to deploy in advance.

Su Yehao continued:

"Since using Amazon's online mall's express delivery channels, Netflix's costs have decreased, but in my opinion, the key to breaking the game can only be online video business. New computer processors, LCD screens, and broadband networks, when the funds are slightly more abundant, we can try to cooperate with Hollywood companies to do online paid channel business, watch movies online, and when the user reaches a certain scale, we can also invest in filming ourselves."

He had previously discussed this idea with John Chow and others, but it seemed very unrealistic at the time.

Now the market share of LCD monitors has soared, and the popularization of broadband is particularly smooth. If users have enough patience, they only need three or four hours to download a movie.

It seems pitifully slow, but it is much more convenient than mailing CDs. It avoids the trouble of using express delivery and can also download multiple movies and TV series at the same time.

Others are different from Su Yehao. They have not experienced real high-speed broadband, and are more likely to accept the status quo. Maybe after spending three or four hours downloading, they will think it's cool.

John Chow often uses Google's video sharing business, and immediately understood what Su Yehao meant, and replied:

"These are not troublesome. Our company has the strength to support it. The cost of developing a product is small. How to promote and market it later is the most expensive. Let's just try it first and then decide based on the situation."

He sounded like he was not very confident.

Google's video sharing business is currently mainly short videos within two minutes, mainly based on funny and lifestyle content, and it has also attracted some young users who review, travel, and show off their looks and figures.

Others also do online film and television business, and the outcome is often not very good. In addition to burning money on database servers, they also have to face lawsuits from copyright owners.

Netflix's new business is equivalent to re-cultivating users' habits and shifting people's attention from TV and DVDs to the internet.

There are many troubles involved, so John Chow didn't dare to guarantee it and say too much.

Projects that were successful in the previous life may not be so lucky in Su Yehao's hands. After all, he cannot avoid crossing the river by feeling the stones.

Therefore.

Su Yehao asked John Chow to say hello to Netflix executives and discuss a plan as soon as possible. Whether it is acquisition or research and development, make the product as soon as possible and be prepared to not make money for five years in advance.

At the end of 2003, we will soon enter 2004.

Many of the ideas in my memory have the foundation to become a reality. Yanwenzi's TVT just opened voice and video call functions two months ago. It's simply Q-like and not much different from Su Yehao's memory.

I chatted with John Chow for more than an hour. During this period, Nangong Tian poked his head several times at the door of the study.

After seeing Lao Zhou off.

The little girl popped out instantly, her eyes glowing and saying:

"I didn't want to know the gender, but the doctor called in the morning and let it slip, saying he was a little young master. As the eldest, wouldn't I be considered the firstborn son?"

"...It's the 21st century, and our family doesn't pay attention to these things. In the future, the children will live their own lives, so don't bother me at home. You're holding it in and want to harm me, right? Now I know too."

Su Yehao said helplessly.

Nangong Tian said arrogantly: "What if I spoil it? There is your baby son in my belly, do you dare to bully me? I am the boss at home, you have been usurped by me. By the way, a friend of mine is in the shipping business, and her daughter is so beautiful, why don't we arrange a marriage?"

Su Yehao was speechless:

"You're already thinking about these things before he's even born? You've seen those new dramas you filmed, and the fiancée is often the root of the conflict..."