"Boss Chen, you're a genius."
"Mr. Dess, I can only say that you have good foresight."
"Hahaha, hahaha, no matter what, cheers."
On the day that Huanyu Video became the world's number one video website, Dess invited Chen Yu for a meal.
Of course, the Americans did not have the tradition of treating others to meals. They did not like to treat others. However, Dess knew that Chen Yu was from China. Hence, he treated Chen Yu to a luxurious Chinese meal. From this, it could be seen that Dess approved of Huanyu Video's recent performance.
As for Chen Yu's claim that he had good foresight, Dess complained in his heart that Chen Yu had tricked him into this.
But no matter what, the final result was good.
Huanyu Video's valuation had not only exceeded the previous 20 billion USD, but it had also increased by a lot. It had reached 30 billion USD.
In such a short period of time, they had increased their investment by more than 50%. The return was shocking.
One must know that their investment was not a few million USD. It was a few billion USD investment.
With such a large investment, a return of 10% per year was already shocking.
"Cheers."
Chen Yu was very happy that he had defeated Youtobe.
In his previous plan, Chen Yu was prepared to fight a long battle with Youtobe.
That was because Chen Yu's plan was to fight a long battle for video websites.
It was just like how Youku and Tudou had fought for more than ten years. Neither of them won. Instead, the two companies merged.
Did you think that was the end?
Later, Penguin Video and Love's Adventure continued to fight in the video industry.
Both parties had invested tens of billions in the video industry every year. Until now, there was no clear winner.
However, Chen Yu did not expect that with the use of big data algorithms, the potential would be so terrifying. Not only did Huanyu Video rise rapidly, but it also surpassed Youtobe in a short period of time.
Of course, this was also related to the fact that their competitors did not understand their core model.
This was the limit of this era, and it was not something that could be broken by this generation.
"By the way, Boss Chen, when do you plan to launch Huanyu Video?"
"It's not that fast yet. It would be too much of an underestimate if it went public now. Huanyu Video is far from mature. What's wrong, Daisy … "
Seeing Dace sigh, Chen Yu asked, "Is there a problem?"
"There's no problem. The main thing is that if you don't get listed, I'll probably have to rest for a while in the future."
Seeing that Chen Yu didn't understand, Dess said, "Your friend network and Huanyu Video have already made the Devil Root invest a lot of money. My funds have exceeded the limit."
"Hehe, then Mr. Dess, you can consider selling some shares. I don't mind."
Although the company was not listed, the shares could still be transferred or traded.
But this time, it was Dace's turn to be unwilling. "No, as you said, wouldn't we suffer a loss if we sell it now?"
Of course, there was no loss.
Whether it was the friend network or Huanyu Video, with the Devil Root's investment, they would make a lot of money if they sold it now.
But they wouldn't sell it now. Before the company went public, they wouldn't sell the shares with potential in their hands.
Even after the company went public, they would still evaluate the company's potential and wouldn't sell their shares.
"Of course, it's not all about this. The main thing is that there's probably no other company worth selling in the internet industry. You know, I'm quite familiar with the internet industry. Since we got the last ticket, it can be considered a successful end. "
Although they would have to rest for a while, Dace was quite satisfied.
To be able to invest in the friend network and Huanyu Video, even if he retired now, it would be worth bragging about.
"Well …"
Chen Yu was a bit hesitant. He looked at Dace and said, "Mr. Dace, if I say that I still have one more ticket, would you believe me?"
"You still have one more ticket?"
Dace was shocked by Chen Yu's words. "Boss Chen, don't joke around."
"I'm not joking."
"Didn't you say that the video business is the last ticket in the internet industry?"
"Didn't I say that you would pay a high price?"
"I …"
At this moment, Dace was petrified. 361 Reading
Who would have thought that they would still be tricked by Chen Yu in the end?
What last ticket? F * ck, it's all a scam.
However, Dace felt that it was a bit strange. "Isn't video the last ticket in the internet industry?"
Dace wasn't in the internet industry, but since he was an investor, he knew more about the internet.
Previously, instant messaging, web portals, social networking, search engines, email, e-commerce … including some vertical platforms. These had all appeared one after another. Basically, all the businesses that could be developed on the internet had already been developed. If you want to enter now, it will be as difficult as ascending to heaven.
Of course, there was still a chance to enter.
You could either take over other investors' shares or support another website to compete with them.
The price of taking over other people's shares was too high and they had no profit margin.
Support another platform?
Who can compete with Yahoo now? Who can snatch Google's market share?
Who could take over Amazon's e-commerce?
It was also because of this that Chen Yu said that video was the last ticket in the internet industry. That was why he was so lethal.
If you missed this ticket, you would have no chance with the video business.
When you turned around, you would have to fork out ten times or even a hundred times the original amount.
This was very normal in the capital investment circle.
However, Dace just didn't understand. Was there any other big business in the internet industry other than the video business?
Dace thought carefully. It didn't seem like there was.
"Boss Chen, do you have any other internet projects?"
"Of course."
"What is it?"
"It's a secret."
Chen Yu smiled slightly.
How could he say something like that?
"Boss Chen, you're joking again."
"Just take it that I'm joking."
Chen Yu didn't deny it.
How should he say something like a ticket?
He actually didn't have any restrictions.
If you said that he was the last ticket, he was the last ticket.
If you said that he wasn't, wouldn't he be if he came up with a new business?
However, Dace was unsure. He said, "Boss Chen, no matter what, if you really have any internet projects in the future and need investment, remember to contact me."
"Didn't you say that you've used up all your funds?"
"That's for others. As for Boss Chen, we'll invest in you even if we have to empty our pockets."
It didn't matter if Chen Yu cheated them or not.
Dace was an excellent venture capital manager. He only cared about results.
So what if he cheated them in the process? The final result was that they made money.
Moreover, this wasn't considered cheating.
It could only be said that they didn't see far enough.
But who was to blame?
They were just investors. How could they know so much about the internet?
But then again, even those who work in the Internet industry can't think of it, right?
"Hahaha, well said, well said."
Chen Yu laughed.
As for the projects he wanted to do in the future, Chen Yu felt that it wasn't time yet.
Moreover …
Right now, Chen Yu had something even more important to do …
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