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Capital, or investment banks developed from capital, are very keen on various emerging industries.

Any emerging company in the century must have investment banks behind them. They use their accumulated abundant funds to support those genius business ideas and realize their ambitions to go public from scratch.

But since the prosperity of investment banks, there is one company that has always puzzled them, and that is Apple, which has been in the city for less than a year.

In other words, I can't figure out the founder of Apple - Wen Ming!

Since the release of the iPhone, although many people are still surprised by Apple's development history, it can be considered acceptable.

A genius boy wrote a best-selling book after living on a deserted island, and got his first pot of gold from it. Because he is a top student in the Department of Computer Science at Harvard University, he has already had a deep understanding of the computer industry in high school, so he was able to develop a game like "Plants vs. Zombies".

In less than a month, nearly 200 million US dollars was created, which is not unacceptable to the game industry, because after all, the game "Plants vs. Zombies" is not too difficult to develop, and it does not need to use huge Funding Architecture Server.

The success of this game comes from its completely refreshing game method and concept.

With 200 million US dollars, the ins developed in less than a week won the favor of capitalists like Teresa Roy, and then sold at a high price of nearly 1 billion US dollars under various manipulation methods. (Includes Facebook stock value.)

Although this makes many Silicon Valley geniuses envious, it is not shocking.

The Internet and high technology have always been profiteering industries. Of course, they are only used to describe the successful people among them.

But people in the investment bank couldn't understand Apple's actions afterwards.

The Iphone has been born, and it has made the whole world crazy about it, and it has also made those investment banks crazy about it.

The hardware design of the Iphone is amazing, but there is no incredible technology, no matter the appearance or hardware configuration, many mobile phone manufacturers can copy it in a short time. And iphone can create incredible sales, the main reason is the ios system specially designed for iphone hardware.

The Ios system maximizes the performance of the hardware used in the iPhone.

Speaking of the system, it is not impossible to develop it in just a few months.

"But why didn't he conduct a test? Whether it's their ios system or the finished hardware of the iphone laboratory, we didn't inquire about any testing links."

Sequoia Capital is one of the most well-known investment banks in the world. It is different from the direction that many people are concerned about now. They don’t care at all whether Wen Ming can solve Tesla’s technical problems. What they care about is whether Wen Ming can let Tesla Tesla, like Apple, is changing the electric car industry.

Even, it is to let electric vehicles and fuel vehicles compete for the market.

"There is also their ipad. Although this product is an enlarged version of the iphone in a sense, it is not a matter of zooming in and out at all on a technical level. Even if they can manufacture the iphone, it is impossible In such a short period of time, the ipad was developed and sold. So I think that when Wen Ming was researching the iphone, he had already started to develop the ipad at the same time.”

The person who is talking is the chief analyst of Sequoia Capital, who is responsible for analyzing which companies are worthy of their investment and why.

"And during this time period, Wen Ming also resurrected the 'dinosaur'."

This sentence made everyone in the conference room express. A CEO of a fund under the name of Sequoia Capital raised his own doubts: "I always believe that in the project of resurrecting dinosaurs,

That genius named Wen Ming cannot have too much credit, I mean on the technical level, his credit should be concentrated on the capital level, that is to say, investing in Benjamin. "

There are many funds under the name of Sequoia Capital, and different funds are called by simple numerical prefixes internally. The addition of these funds makes Sequoia Capital an existence that the US government cannot ignore.

All because the combined market capitalization created after listing on NASDAQ in the companies invested by Sequoia Capital has reached 10% of the total value of the Nasdaq stock market.

Just the $12.5 million they injected into Google turned into $5 billion after Google went public.

The chief analyst smiled and said: "We are not currently discussing whether Wen Ming took credit for the financial level or the technical level for the resurrected dinosaur project. What we are discussing now is that Tesla is worth Not worth our investment."

This is the theme of this meeting. According to common sense, Sequoia Capital should choose to invest in Apple as the main body, because the whole world knows that Apple is now qualified to go public, and as long as Apple If it goes public, then it will become the company with the highest market value on the day of listing in history.

But Apple's valuation is too high, and Bill Gates agrees with the valuation of 150 billion US dollars, but it is also privately agreed. Because Bill Gates' investment in Apple is an investment of private funds, not Microsoft's investment.

For investment banks, there is no need to invest in a company with a valuation of 150 billion, because even if the market value of this company can reach 1 trillion US dollars, it will only increase by about 6 times.

"We have discussed before that we cannot invest in Apple, because although its return on investment is high, it requires us to mobilize a lot of funds. And if we disperse the funds to invest in other companies, the total return rate that can be obtained is definitely lower than that of Apple. Investing in Apple is high."

"But now we have a new investment direction, which is Tesla, which has just been acquired by Wen Ming. I believe that no matter how arrogant Wen Ming is, it is impossible to think that Tesla's current valuation can exceed 10 billion US dollars, because two weeks ago, Tesla’s valuation was only US$500 million.”

"More importantly, Tesla is now selling cars at a loss, and it is impossible for Wen Ming to keep the company he just acquired at a loss."

The chief analyst said: "So I think now is the best time for us to buy shares in Tesla, because we can lose money for him."

The person who raised doubts just now is the person in charge of No. 7 fund established by Sequoia Capital in 1995. The internal rate of return of his fund is as high as 174.5%. This is an incredible figure in the industry, because the average return rate of the fund is 15% to 40%.

He added: "I don't think we should invest in Tesla. No one can become a genius in all industries, and neither can Wen Ming. I think Tesla will be the first failure in his life."

Sequoia Capital's foreign investment requires the joint contribution of many funds in their hands, especially for companies like Tesla. Because of Wen Ming's premium acquisition and capital injection, if he wants to invest in Tesla now, he can't open his mouth without a few hundred million dollars.

Some people refused, and naturally some people agreed. The person in charge of No. 8 Fund, which was established relatively recently, said with a face of approval: "I agree to invest in Tesla, because I think Tesla can create miracles in the hands of Wen Ming."

Sequoia Capital's headquarters is in Silicon Valley, and Tesla's headquarters is not far away from them. However, Wen Ming, who has never made an official appearance in Silicon Valley, has already gained the trust of some senior executives of Sequoia Capital, and it can even be said that he is a bit blind trust.

It has to be said that Wen Ming's reputation in the world has far exceeded his own imagination.

Several funds that did not want to participate directly withdrew, and several funds that had no money on their books also withdrew.

The person in charge of Fund No. 8 said directly: "Why don't you give us this opportunity? The two companies we invested in recently just went public, and they have cashed out a lot of liquidity."

Another fund manager who stayed behind said: "You don't want to wait any longer? As far as I know, Tesla still has no solution to solve technical problems at all, even if you have been in Tesla's laboratory for a week. Ming, there is no good way."

The person in charge of the No. 8 Fund smiled and said: "No, what I'm worried about is that if they find a way, the price I will have to pay will be even greater. Adding in the land and selling it at a high price, isn't this the way we always make money? ?"8))!!