Chapter 651 Crossing the River by Feeling the Stones
Beijing time, February 7, 1986, the 29th day of the twelfth lunar month.
There are still two days until New Year's Eve, and companies in the mainland have started to take holidays, but Li Ye in the lighthouse is very busy.
It took Jeff only a few days to rent an office, hire staff, set up the venture capital company, and start working immediately.
Gary has collected a lot of investment information about Silicon Valley and needs to analyze it to find valuable investment projects. As "interns", Li Ye and Wen Leyu naturally need to go through it and gain some internship experience.
Li Ye originally thought that with his biological hard drive, he could easily find a lot of opportunities to make a lot of money.
However, he held a large pile of information and carefully screened it for several days, but he could not find any familiar words in his memory, and the young translator Wen Leyu was so tired that he had dark circles under his eyes.
There are no considerate Chinese-English AI translation tools at the moment, and many business-specific terms are not included in the dictionary.
Wen Leyu was a very particular person. Whenever he couldn't figure out the meaning of something, he would hold several thick dictionaries and compare them carefully until there was no ambiguity at all.
[Is my memory capacity limited? Or is it survivor bias? All these projects failed? 】
Li Ye threw the information on the table weakly, and deeply understood the meaning of the word "wind" in venture capital company.
Money doesn't come from the wind, but it can be blown away by the wind.
People only remember the successful cases, but those failed projects, which wasted a lot of investors' money, disappeared like a flash of wind.
Li Ye and Wen Leyu worked hard for several days, but finally only found two seemingly ambiguous investment opportunities. They gave Jeff investment advice and asked him to analyze the investment risks comprehensively.
“Beep, beep, beep~”
There was a knock on the office door.
Wen Leyu, who was lazily leaning on Li Ye's shoulder and taking a nap, immediately jumped away like a frightened 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.
"Come in."
"Hello, Mr. Li and 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 secretary smiled and said, "Not for now, but Mr. Jeff said we have an appointment with three patent owners this afternoon. Do you need to come and sit in?"
Li Ye perked up and nodded, saying, "Of course, we cherish every opportunity to learn."
Are you here to study? Or are you here to supervise? 】
Secretary Lisa looked at Li Ye and Wen Leyu, but didn't treat them as interns.
"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 when you have time to go and 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 who buys a big house as his residence just to come here for internship?
"We'll go look at houses in a few days. We don't have time recently."
Li Ye did not rush to look at houses immediately because the Spring Festival was coming soon. Wen Leyu was exhausted in the past few days and wanted to relax and have a rest.
"Okay, I'll arrange it for you right away."
. . . . . . . . .
After secretary Lisa left, 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 but ask Li Ye: "Do you think these three projects can make money?"
Li Ye smiled faintly and said, "Maybe! Venture capital always has risks. Anyway, I don't have much money, so why not give it a try!"
Wen Leyu turned his head and looked at Li Ye, and suddenly said: "You are not confident. This is the first time I see you not confident in all these years."
“.”
Li Ye looked at Wen Leyu in surprise, feeling as if "you've seen through everything."
Li Ye has been extremely confident since he started writing "The Lurker".
Whether he was cooperating with Pei Wencong to speculate on exchange rates and stocks, or investing tens-digit funds in hunting Japanese stocks, he did not feel the slightest bit of 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 close to 100%.
However, for the three investment projects on hand, Li Ye only knew that they were in line with the general direction of technological development, but he had no confidence at all whether they would eventually fail in the development process.
Although the total amount of these three projects is less than one million, Li Ye now completely understands the feelings of Pei Wencong, Luo Runbo, and his mother Fu Guiru when they followed Li Ye in investing.
Throwing hundreds of thousands of dollars into it feels like throwing it into the water. The probability of it sinking to the bottom is so damn high.
"Xiao Yu, it's not that I don't have confidence, it's just that Lighthouse's venture capital 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, as it was related to the ultimate secret of his "hooker", Li Ye could not directly admit it, and could only explain it to her from another perspective.
Wen Leyu frowned: "Completely innovative? What do you mean?"
Li Ye replied: "It is a completely new thing or concept that has no precedent. For example, when I speculated on exchange rates and opened a factory, I had solid economic theories to support it. But the new technology investment of Dengta has no support at all."
Li Ye's explanation also makes sense.
Because in the previous life, some investors talked about the essential differences 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 in Lighthouse is your project benchmarked against?"
"We are engaged in e-commerce and are ready to compete with Amazon, the beacon."
"Ouke, I've 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.
I don’t feel bad about playing with other people’s money, but when I start taking risks with my own money, I can’t sleep well at night.
Benchmarking against successful overseas companies and crossing the river by feeling the stones is the lowest-risk approach among many methods.
But if you invest in a lighthouse, and you tell them that we are benchmarking against Amazon and are ready to copy Amazon's path to success, the investors will most likely walk away.
[Amazon is right there. If I want to copy you, why would I need you? 】
So when looking for investment in Lighthouse, you have to come up with all kinds of tricks to fool people. The more unprecedented it is, the more interested the venture capital companies will be.
There are many concepts that would make you a liar if you applied them to the mainland, but people would really dare to spend money on them if they were applied to Lighthouse.
The difference between these two investment philosophies is that one is to strike first and make a fortune by being the first to try something new, while the other is to strike back and hope to surpass the original investor.
It’s just that a student who is used to copying homework will inevitably feel guilty when given a question to do on his own, even if he has clearly mastered the key points of the knowledge.
Just like some companies in the mainland in later generations, when they reached world-class levels, they suddenly began to make strategic mistakes. In fact, it was because they no longer had a target to learn from and the stone in the middle of the river was gone.
Of course, that also proves that they are already the leaders 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: "Then why were you so sure and confident when you invested in Cisco?"
Just yesterday, the cooperation with Cisco was finalized.
Li Ye immediately invested millions of dollars to help the Bosak couple speed up the development of the next generation of routers, and even urged Jeff to start acquiring semiconductor processing plants to prepare for the subsequent market capture plan.
This unwavering confidence in success is completely different from today's situation.
"Because I think the computer network invented by Bosack can bring people closer together and change the world."
Li Ye sighed, picked up the three project documents on the table, and said, "But these project documents are full of vague things, I can't understand them."
Wen Leyu was stunned for a moment, and said apologetically: "This is all my fault, my translation was not good enough"
Seeing the apology on Wen Leyu's face, Li Ye felt very ashamed.
This girl always feels that she can't help herself and takes 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 that can see through certain opportunities to make a fortune, so I am so confident."
“.”
Wen Leyu stared at Li Ye blankly for a long time, and suddenly burst out laughing.
"Yes, yes, you are Old Huai's godson. You are the Wenquxing in the sky. Old Huai appears in your dreams in the middle of the night. You know everything. Hahahaha~"
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 me, don’t blame me! 】
(End of this chapter)
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