I’m Almost Losing to a Muggle

"I'm about to lose money into a Muggle ( Find the latest chapter!

In February when Boss Lin was busy filming, there was another major event that might have nothing to do with the crew, but it was talked about by countless netizens.

In December last year, Tiantian Toutiao completed a D round of 1 billion US dollars of financing. Investors include Sequoia Capital, CCB International, etc., with a post-investment valuation of 11 billion US dollars.

After having money, Tiantian Toutiao began to increase their volcano video.

In October last year, Volcano’s small video had 30 million active users. It ranked third in the short video segment. The second was the slow hand with 70 million active users, and the first was Meow with 140 million active users. Audio and short video.

The reason why Miaoyin short video was able to come from behind is naturally because it gave money and gave traffic.

Boss Lin gave out money to Yang Baofu several times, and he also got the naming rights for a variety show worth 500 million, so that the opponents could not find the North and the South.

Probably because of this fear of being dominated by capital, Tiantian Toutiao started a new round of financing.

I got one billion dollars directly.

It shows that they are optimistic about their family's capital still a lot-and there is no way, the cat factory's products are not financing at all, even if they are optimistic, there is no way.

After getting the money, Tiantian Toutiao directly invested 1 billion on the short video.

Money is not a panacea, but in the capital market, spending money can really solve many things. The current active users of Volcano Short Video has risen to 80 million, ranking second.

After all, you can receive red envelopes by watching the video. This kind of capital fleece is always something that you don't want to miss.

The three mobile phones are in front of them, and they operate like a programmer writing code.

In addition, Tiantian Toutiao heavily increased their community business.

Tang Seng Q&A was originally named Toutiao Q&A, which was launched on the Tiantian Toutiao App in July 2016.

After receiving one billion U.S. dollars, Tiantian Toutiao changed its name to Tang Seng Q&A and upgraded it to an independent product to explore the functions of the Q&A community.

Obviously, the target of Tang Seng's question and answer is something.

As of February 2017, XX has 69 million registered users and 20 million daily active users.

Although Tang Seng Q&A is very young, relying on the huge user base of Tiantian Toutiao App, there are currently 50 million registered users.

Compared with XX, the advantage of Tang Seng Q&A lies in its low diversion cost-users can see Wukong Q&A on the main page of Tiantian Toutiao.

Tiantian Toutiao had 550 million registered users last year. For many users, there are so many applications on their mobile phones that they can install one as few as possible.

So the question is, what should a wealthy internet boss do?

Isn't this nonsense, of course it's money.

After using users, Tang Seng Q&A focused on improving content quality and community quality.

However, the cost of cultivating a big V is too high.

So spending money to dig corners has become the simplest strategy.

It is said that at least two hundred big Vs have signed Tang Seng Q&A and they are well paid.

Some netizens broke the news that some respondents who signed contracts with Tiantian Toutiao could earn 30,000 yuan a month.

The news broke out and quickly stirred up heated discussions.

Haven't been dug by the headlines, dare to say that you are a big V?

This is the newly released way of saying hello to some big V and it has also become "Have you signed?" "No, how about you?" "Hey, we can't mix up."

Xuhu’s official response was: “Currently, there are more than 2,000 speakers on the Live, and the average hourly salary of the speakers is over 10,000. Our publishing has also brought more than 300,000 royalties to many users.”

However, when asked, most of these income should be obtained by the oversized head respondent, right? So for ordinary big Vs and small and medium Vs, is there any way to keep them sticky?

Someone said that it has been actively promoting commercialization and has very clear profit goals, including that it now has large-scale advertising revenue, and its revenue growth is quite healthy.

But in any case, something is really exhausted.

After so many years of hard work, there have just been 69 million users. Tang Seng Q&A was only established in the middle of last year, but there were 50 million in half a year. It takes minutes to surpass them.

The answer could have been taken as a backing.

Unexpectedly, people signed away two to three hundred directly. If you counted 30,000 per month, the cost for that year would be 100 million.

Don't be too simple about the daily headlines that just got one billion dollars in financing.

And certain financing is not so comfortable.

In March 2011, XX received an angel round investment from Kai-Fu Lee, and then a round A investment of tens of millions of dollars from Qiming Investment.

It was not until 2014, three years later, that the US$22 million Series B financing led by SoftBank Wealth was completed.

This little money is not enough to spend.

I had to continue to seek the help of capital, and finally at the beginning of 2016, the C round of financing was opened, and a total of 50 million US dollars was obtained.

Lin Dong Capital, a subsidiary of Cat Factory, spent 186 million Chinese coins and got some 10% of the shares.

There was also a goose who entered during the same period.

It's just that they pay less, not as much as the cat factory.

Faced with the pressure of Tang Seng's question and answer, it was almost time to raise funds again.

Some financing is done every few years, and some are done every few months. From the perspective of cycle time, of course, the shorter the better.

This also means that the project is developing rapidly.

You raise funds every three to five years for a project, and the capital has no interest in you at all.

What matters more than cycles is actually valuation.

If the valuation cannot be mentioned, it is absolutely impossible to raise funds, because you will soon find out that this project is not yours.

At the time of the C round, a certain valuation was only 300 million US dollars.

The valuation of Toutiao after completing the D round is 11 billion U.S. dollars.

The gap is a bit too big.

How much can someone value now?

The capital market reacted extremely coldly, could not be realized, and did not have much traffic, not to mention, it was still suffering a heavy blow from video content.

One of the future development trends of the Internet is undoubtedly the video information flow.

With the upgrading of mobile phones, internet speeds are getting faster and cheaper, and long videos and short videos will gradually expand their user time.

Even the big-head advertising of certain revenue is actually not so smooth.

Far inferior to live streaming.

How do you ask the answerer to help you bring the goods, and the small soft article writes it out, but it can't escape the eyes of some users. Their life experience is rich and outrageous.

Then there is payment for knowledge.

As the wave of payment for knowledge swept across in 2016, the founder of Mou was said to be dancing at a gathering of Internet tycoons, thinking that with this wave, Mou would become the fourth Internet giant besides BAT.

Then related paid products went online one after another, trying to convert high-energy users into high-profit income without any blind spots.

Unfortunately, the effect is very mediocre.

According to the shareholder's financial report obtained by Pei Qianlong, the book income of a core knowledge payment product is about 70-80 million. In the second quarter of 2016, the monthly income can exceed 10 million, but in the fourth quarter, the monthly income is only Between 3 million and 4 million, the decline is very large.

Currently, most of the operating income supported by some is still derived from advertising. And for the sake of the good-looking financial statements, especially when a new round of financing is about to be launched, certain advertisements have almost reached the point of "abnormal".

Pei Qianlong and their shareholders also have exchanges.

As the Internet environment is getting colder, investors are becoming more and more vigilant about the security of investments. Therefore, some people have expressed the need to include gambling agreements and business stage indicators in the new round of financing.

If the business stage indicators are not fulfilled, you will sell something to lose us money.

This way we can still lose some less.

At this point, the capital has already regarded a certain dead horse as a living horse doctor.

"Look, isn't this an opportunity?" Pei Qianlong was talking to his cousin while reading the financing application report.

"Brother, I have known since childhood that you are extraordinary. When you grow up, you are definitely a dragon and a phoenix."

His cousin was now smiling.

More like father-in-law than father-in-law Pei.

No way, it depends on his brother to win the music library of Qiandu and Ari.

"What does this have to do with me? Our boss's luck is too good." If Pei Qianlong was in ancient times, he would definitely shout God bless my big cat factory and God bless the lord.

I just said I want to buy something.

Tiantian Toutiao arrogantly chopped off some.

And some of his own financial reports are in a mess.

Oh, by the way, a capital winter must be added.

Saying that last year was a cold winter for capital, I feel that this year is not much better.

In this case, chasing short-term profits is what normal capital should do.

For example, shared bicycles and long-term rental apartments.

The hotter the frying, the more profitable the hotter.

Some companies that have been mixed since 2011 and have not yet been able to make a profit, relying on several financings to survive, are really troublesome in the cold winter of capital.

"Why does the boss give up sharing bicycles? Look at how popular it is now." Pei Qinhu still didn't understand.

Of course, he is not opposed to giving up the share of shared bicycles-he also counts on this music library that will help him replace Ari and Qiandu.

"Our boss is a sensible and practical person. Shared bicycles may have been possible originally, but when these capitals are mixed, the good things are not much better. We retreat in a rush at the peak and wait until the capital is gone. It's not too late to come in and clean up the mess. After all, this thing is beneficial to the public after all."

Pei Qianlong didn't intend to take credit here.

"Then how do you know that March is the highest peak?" Pei Qinhu asked without understanding.

"No one knows how many months will be the highest peak, but it feels that it is almost at its peak. They completed this wave of financing in March, and it can last until the second half of the year. I sent people to investigate more than a dozen bike-sharing brands. In half a year, there will be brands that cannot withstand the storm."

"We invested in the top three, even if the thunderstorm is not our turn, right?"

"You know what a shit, as long as there is a brand thunder that cannot refund the user's deposit, it will cause more users to panic. They will rush to return the deposit. This situation is hard to imagine."

"I see, then the whole industry..." Pei Qinhu shuddered.

"The biggest loss is the user except capital. The former is too greedy, and the latter is too weak." Pei Qianlong sighed.

At that time, the founders will only bear limited liability and can continue to start their own businesses and make money.

"What about long-term rental apartments, didn't the boss ask you to find more projects? I think it's a good time to enter the market, and there is Zheng Ce's support." Pei Qinhu asked.

"Actually, this thing is the same as shared bicycles. The starting point is good, but the capital is too impatient, or the operators driven by the capital are forced to be too anxious, and sooner or later, something will happen." Pei Qianlong actually considered it. , You can learn to share bicycles so that you can retreat bravely during peak times.

But he finally gave up.

In an avalanche, no snowflake is innocent.

In the case of a shared bicycle thunder, the behind-the-scenes capital of the cat factory industry is also sinful.

But at this point, there is no way to stop it.

At best, it is to rebuild order from a mess.

Therefore, long-term apartment rent is fine.

Even if the boss knew that he had missed this harvesting opportunity, he probably wouldn't care too much.

"Then when can we talk to Ali Qiandu about the replacement?" Pei Qinhu doesn't care about this, he only cares about his own stall.

Not enough, but I can also become the godfather of China Music.

After eating the music library of Qiandu and Ari, plus the benefits of the big membership system, Miao'er music can really stabilize a certain goose.

"What anxious, it's not us who should be anxious." Pei Qianlong disapproved.

"Mainly Wang Yiyun and the others are also in contact with the two parties, in case..." Pei Qinhu was about to cry.

It's better if Ari doesn't sell it easily.

The key is Qiandu over there.

If you have to choose the person you hate the most, it is definitely not the old rival, a goose, but the cat factory that made them have to give up the bidding ranking. UU reading www.uukanshu.com

The kind of hatred.

"Go and tell the people on Qiandu's side that if they dare to sell the music library to Aunt Wang, I will dig Lu Qi into the cat factory." Pei Qianlong thought for a while, but couldn't find a threat for a while. Thousand-degree points.

The main reason is that Qiandu will be pulled over to fight at every turn this year.

It hurts people's muscles and bones, so they dare not move.

The only thing I can think of is the newly appointed COO in January, Lu Qi, a former Yahoo and Microsoft executive.

The new chief operating officer graduated from Fudan University with a bachelor's and master's degree in computer science, and then studied at Carnegie Mellon University with a doctorate in computer science.

In addition to publishing a series of high-quality research papers in academia, Dr. Qi Lu also holds more than 40 patents for rice crackers, which cover multiple scientific and technological fields, including search, biometric technology, wireless transmission, etc.

He was promoted to executive vice president of Yahoo in 2007 and became global executive vice president of Microsoft Group in 2013.

In January this year, Lu Qi accepted Li Yanhong's invitation to take over almost all of Qiandu's business. All senior executives will report directly to him.

Li Yanhong only accepts Lu Qi's report, which is equivalent to "retreating to the second line."

After the President Lu Qi took office, he began to rectify the search business and directly announced the abolition of the 200-person medical division.

On the other side, a lot of cumbersome business was also drastically cut off.

Among them are O2O things such as Qiandu Music, Qiandu Takeaway, and Nuomi.

Although the high-revenue sectors such as bidding rankings have been cut off, only artificial intelligence, which will be difficult to realize for a while, is bought by the financial market, so the stock price is going up.

It made Pei Qianlong want to fight thousands of degrees and didn't know how to fight.