It may be that his overseas investment banking experience made Yuan Jing unable to withstand the 20-fold price-to-earnings ratio and unsatisfactory growth of the company before listing. It may also be that the large-scale nationalized Pe investment stimulated Yuan Jing's investors' intuition. In short, after the opening of the GEM, Zheng De gradually reduced the proportion of Pe investment.

As a result, the China Securities Regulatory Commission stopped everything due to market sluggishness at the end of 2012. New Peers who flocked to the market after the opening of the GEM have tried their best to attract relationship investment projects. After three years of waiting, the fruits finally ripened and could only rot in the field.

The reason why Wang Jiapeng regards Yuan Jing as the Emperor of Europe is because he magically avoided the most tragic scene of the local venture capitalists in the Celestial Dynasty. However, there was no particularly outstanding performance afterwards. The fund scale has been fluctuating in less than 10 billion and less than 20 billion miles, which shows that the magic in the previous ones are all caused by the European energy.

Moreover, he did not reasonably use his own advantages and the passion given by the times to raise more money around 2010. Of course, it may also be because the OPs decided to invest at that time, so Yuan Jing did not seek such money.

However, after 2014, not only did the big A-shares restart a bull market, but the GEM gradually expanded, and the entire domestic entrepreneurial atmosphere became very hot. The emerging economic model soared under the main force of O2O, and the leading forces such as Meituan, Toutiao, Didi and others rose strongly. However, Zheng De had never made a big bull, and the mobile game company was crazily attracting money, but he ended up investing in a few disappointing places. As for the particularly eye-catching education industry...

Thinking of this, Wang Jiapeng had no shame to complain about Yuan Jing. He was as bad as him, and even if the gods came, they could not produce results.

He was raised by the line through Director Yuan Liu of Zhengde Investment Committee, so he failed to start a business and was not only ashamed of Yuan Jing, but also ashamed of Mr. Yuan Liu. Unexpectedly, Yuan was willing to accept him without grudges. Now it depends on Yuan Jing.

At this time, Yuan Jing asked him what business he wanted to do, but in fact he was asking him that if he entered Zheng De, he would definitely dominate investment in a certain field, but if he didn't want to do education, what else would he want to do and what was his strengths.

Of course, Wang Jiapeng has thought about this question many times, "What I want to do is invest in platforms, all types of platforms. Platform research and valuation are inseparable from modeling. Building models is what I am best at, and the platform has relatively large development potential and is very cost-effective. In this 'post-Internet dividend era', my personal opinion is that ambitious entrepreneurs will consider the platform entrepreneurship model."

Yuan Jing took a breath, because this goal is too broad and cannot be defined by ordinary standards. Platforms are different from platforms, and people who can build such platforms may not necessarily be able to do that category. Therefore, there is no such category in investment banks, and the entrepreneurship of each platform will belong to the track where that platform is located.

But as Wang Jiapeng said, after the dividends reach their peak, building a platform does look very attractive. It does not directly exploit the Internet dividends like making apps to provide services, but through special strategies.

Of course, the cost required is also high, and the platform cannot start from scratch and is not suitable for grassroots entrepreneurship.

I heard Wang Jiapeng say: "If you find the right industry and opportunity to build a platform, it is simply too sexy. After entering the currency circle, Zhao Peng, the founder of Bi'an, did not indulge in issuing air coins, but entered the restricted area to build a trading platform. In half a year, he earned $2 billion in personal wealth from a coder."

Is it necessary to give the example of Bi'an? That is impossible to copy. When this platform was popular, the transaction fee could be charged 20 million RMB per day. How much is the one-day handling fee for all sectors in the two markets of our big A-share market? You can just raise the B station or even tapap.

I heard Wang Jiapeng say: "This example can actually be summarized as a wide track in a wild growth state, suitable for platform entrepreneurship. I believe that when 5g comes, such opportunities will still appear."

Yuan Jing kept thinking and paused for at least 20 seconds after Wang Jiapeng finished speaking. Wang Jiapeng waited quietly until Yuan Jing asked, "What do you want?"

Wang Jiapeng was happy. This basically expressed his approval, right?

"What I want is this..."

While they were negotiating conditions, Geng Bin was comforting Lei Siyun at the other end of the city, looking at the group's headquarters.

Mainly, since the news broadcast, blockchain has been re-set, and then many leeks in the currency circle shouted that the storm came. They were slapped in the face when they posted on Weibo to celebrate. When they rushed out and called orders, they were severely punished by the state. The key is that the number of high-level rectification actions suddenly increased, not just pretending, but also with great strength. This made Lei Siyun, who knew a little bit of Geng Bin's plan, feel uncomfortable.

The feeling of burning butts has reached its climax recently. During this year, at least 500 people were arrested due to being involved in virtual currency fraud, and the amount involved exceeded 20 billion RMB.

"It's okay, it's okay, I don't panic, why are you panic?" Geng Bin looked so angry, "We are friendly forces, and our personality is a Kol who criticizes the chaos in the currency circle. He is the official bonus. What's so scary about you?"

Lei Siyun said, "I don't know if I should vomit." If you are really a friendly army, what else can I be scared of? The problem is that it's unscientific! Unless your ideal is to have thousands of rooms in the Guangsha, I won't be blind!"

Although I don’t know what medicine Geng Bin sells in the gourd, I must be sure and sure what good medicine is impossible. Lei Siyun is really a little scared now, especially after the news broadcast, Geng Bin has made frequent moves, including some overseas funding channels, and some do not need to go through him. And in the currency circle, several groups of people have been arrested in more than a week. Those who should be closed and those who should be arrested will be arrested.

This situation forced him to think more about himself. "You...I'm not afraid, I'm...I want you to give me some airflow. What are you going to do?"

Geng Bin felt deeply alone and lonely.

Sometimes he had to reflect on whether his actions after returning to China were a bit too sarcastic? Will it be better to start a big company and recruit people with openness?

But since he has been so low-key that he has to continue to act low-key. The problem is that he has no confidant and wants to do something, it will be embarrassing if others suspect it.

For example, now, Lei Siyun is a very good tool, but now he is suspicious, so he has to take a closer look at him. Otherwise, if he gives up and the progress will be greatly delayed. The problem is that every day is important now, and postponing is unacceptable.

For example, that stupid woman Fang Shiling doesn’t understand any basic knowledge. She did a live broadcast like a disaster, and she severely delayed her plan. It was simply outrageous!

Thinking of this, Geng Bin said selectively: "My idea is to build a 'crowd creation token platform' and use blockchain to subvert the existing Internet entrepreneurship model."

When Lei Siyun heard this, he immediately stopped getting trapped. "Crowd creation", "platform", "subversion", and "entrepreneurship" are all extremely awesome keywords.

Geng Bin continued: "Lao Lei, you should know a little about blockchain, so I won't start from the beginning. At present, whether it is Silicon Valley or China, for Internet entrepreneurship, the most important indicator in the early stage is the number of registered users, and the medium term is active, such as the monthly active number Mau, right? For example, if I build a platform, the user comes, use my platform functions, pay fees and time, or get profits by providing ugc content, evaluations, products, etc., right?

So what does my platform get? I get the valuation. According to the Silicon Valley algorithm, a user is 15 to 20$. This means that the user comes to my platform and is active on my platform, which creates value itself. But this value has not been fulfilled to the user and becomes the income of the entrepreneurs of my platform, right?"

"yes."

"No!" Geng Bin shook his head, "This is wrong. This is unfair to users. User activity has become my nourishment, which is unfair. What's scary is that many users don't even have this awareness and don't know that they are on an unfair side."

"Ah?" Lei Siyun suddenly felt that this tone was indeed subversive enough, "What do you mean?"

"I mean, the fair model is that users can get money by coming to my platform, and they can also have active behavior on the platform. Of course, this money cannot be directly scattered, and the pressure of directly scattering coins is too great. What should I do? Issuing tokens. The value of these tokens must be cashed in batches, and through entrepreneurship financing, the capital market can be cashed as an assistant."

Lei Siyun was stunned when she heard this, but she didn't expect that Geng Bin's logic had not finished yet.

"Of course, when the platform develops, there will be traffic, and eventually it will definitely generate business and profits. This is the reason why investors provide financing, so token cash is cashed in batches, corresponding to the round of entrepreneurship financing. In this way, we start a business in the co-creation token platform, relying on issuing tokens to attract users, such as sending new users, giving new users and old users who have brought them in many tokens. In the end, they can be cashed in through entrepreneurship financing."

Lei Siyunxin said that the so-called token is just issuing coins? He has also played Air Coin... But then again, it feels different from Air Coin?

"No, no, why is this a coin issued? Air coins are not mined from mining. I would rather call it a human-mining machine. Bitcoin is mined by mining machines and burning electricity. Our tokens are mined by users' behavior." Geng Bin said indignation, "In fact, we rely on consensus to attract users and strengthen our platform. Consensus is the belief in blockchain, which is more precious than gold. Do you understand?

Only when a consensus is reached can users trade these tokens. In this way, users can also cash in on the value of the token in advance without waiting for the batch node. And depending on the rounds, the transaction prices given by the market are definitely different, just like the price changes of the treasury bonds from the maturity time."

“That is, everything you do is prepare for this platform and token distribution?”

"Of course!" Geng Bin said in his heart that of course, it was the one who issued coins or mined coins. Of course, it was the one who opened the platform that he said!

Lei Siyun had to fall into deep thought because there was a particularly popular concept of currency circle called "resonance currency" in the first half of this year. It felt a bit similar to Mr. Geng's idea? Although resonance currency is a capital market, and Mr. Geng's vision is not, from the perspective of transactions, aren't it all fission promotions at multiple levels?

Resonance Coin, a big satellite can be released in the first half of the year. A project of 30,000 BTC is entered, and a BTC is worth more than 10,000 US dollars at that time!

This set of theoretical models of juniors + the outer cloak of faith, and a business model that conforms to the logic of entrepreneurship made Lei Siyun feel quite at ease. If this project is implemented, it really has to rely on blockchain technology, because it has a relatively complex transaction process. Using blockchain, because it cannot tamper with attributes, it can greatly reduce the trust cost of users. Of course, to a certain extent, the three words "blockchain" now exude an attractive smell of getting rich.

But he immediately found another problem: "But... you have a platform and blockchain technology, where is your development team?"

"I'm looking for a powerful development team in Silicon Valley. Don't worry, the resources I stayed in the United States before returning to China are enough to support this project." Geng Bin said as if he was in a vague way.

The market was calm the following week, and it was soon to Double Eleven, but the expression on Lingxi was a bit unnatural.

First, on November 5, the Edition Bureau launched a heavy blow and issued the "Notice on Preventing Minors from Indulging in Online Games", which put forward the strictest requirements in history on mobile games, stipulated the recharge limits for minors of different age groups, and also carefully stipulated the daily game duration for minors. At first glance, it was obvious that they were serious about cooking chickens.

If this regulation continues, the Penguin will be the most affected. There are probably fewer primary school students among the dead, and there will be no excuses for "teammates and elementary school students" at night. But Lingxi is about to acquire Baren Games, to be precise, to absorb "Cometowns in Troubled Times". How much influence will the target product be? No one knows.

Then there is the newly launched "The Unfaithful Lord" by Baren Group, which makes people's expressions change. Baren's behavior is very unauthorized in the eyes of the counterparty. It does not disclose it or disclose it, and it never says anything about the game data, it looks like a scumbag.

Although the Ts framework has been written long ago, this game and related IPs have not entered the transaction package, it is said that it is also popular. The answers given by various external data testing institutions are more outrageous. Some say dau is five million, some say seven or eight million, and some give data. Dau is 2 million on the first day of the server opening, and then it rises by 1 million every day, heading straight to the tens of millions mark without any signs of failure, and it can't stop at all.

I can't believe how popular it is. Only Apple Store has been ranked first in the free list, which seems to be something.

If you change to other games, ask each platform channel and you will probably know the data. However, Baren Group's bad habits are difficult to change. Like tcg mobile games, it does not have any channels at all. It opened its own Android official website.

That's all, I licked my face and told the channels that this game does not make revenue, and it can be seen that it ranks less than 50 on the best-selling list of Apple stores. Then I have to draw traffic from my own IP, so it is not suitable for the channel. So after many arguments, the group endured the pain and stopped going to the channel.

Then I saw the video released on the advertising space in "The Untamed and the Untamed". Everyone was speechless. Just like the practice of causing ridicule from the Ba people overseas, it was originally a place for advertising space, but now it is all the IP content of "The Untamed and the Untamed". Then, players are guided to follow various self-media matrix accounts. In this way, they can take the channel to life.

Although I feel that what Baren Group said is reasonable, even if there are such fatal factors, if there is a single channel that can obtain such a volume-absorbing product but other channels cannot obtain it, what will be the result? Another siphon effect, creating a fierce increase in one and another between channels.

Why do you say it again? Because this feature is in line with "Furious Times Come Out", when "Furious Times Come Out" was a shameless way to attract the amount, which forced the channels to accept the various unequal terms proposed by Baren Entertainment. After a year, Baren Entertainment became a group and became even more ruthless. The same online time and the same badness, the single channel became the official website of Baren. It is very fair.

Therefore, although Lingxi cannot find out the data, it can almost know something by looking at the reactions of various channels and looking at what they are talking about in each WeChat group. The so-called viral detonation network is to become popular as soon as it goes online and spread rapidly in various communication calibers, just like the original "Travel Frog".

As the owner of "Travel Frog", some of the moods are really indescribable, especially when mastering the entire game data and operation data of "Travel Frog". The key is to see that "The Unfaithful Lord" and "Travel Frog" have achieved a lot of natural growth without using forced fission marketing. Although the products are completely different, the mood is exactly the same.

So until Double Eleven, there was still someone inside Lingxi who suggested revising Ts and including "The Unfaithful Lord" in addition. In particular, Zhao Jie is definitely a key figure. He took the lead in "The Unfaithful Lord" from production to online operation, and should never be allowed to return to the mountain.

"Operation, what's the point of operating, isn't they doing the operation at all?" Old Fan was so angry that he smoked, thinking that he would renegotiate Ts, and not to mention that it would take more than a month or two months. The key is how much is the right amount? Do you think Chu Yuanxi is as easy to talk to as a frog son? What's the reason for you haven't read the promotion recently? Now they have given "The Unfaithful Lord" a new meaning. We must use this IP to become the pioneer of the ugc game industry in the Celestial Dynasty and subvert the existing standards for production and launch of game products!

When "Mini World" was first introduced, and "Code Qiankun" was used to pioneer, it also requires a certain amount of courage and courage to claim to be a pioneer, but they even shouted slogans, okay? At this time, wouldn't we extend our hands to chop it up for others?

The key is that Chu Yuanxi is not just talking about it. Recently, two-pronged approach has been taken. On the one hand, Zhao Jie's new company is named "Gobi Network", which seems to pay tribute to Male Gobi, and on the other hand, it has begun to collect corpses.
Chapter completed!