1991 Starting from the core

In early May in California, the weather was perfect for this kind of outdoor gathering.

Since there were not enough stools, Ye Rudai ran into the house and moved a pony out, then sat behind Su Yuanshan, holding her chin and smiling as she listened to these "seniors" chatting about the development of the Internet.

She has spent the longest time in Silicon Valley, and also spent time at the University of Pennsylvania. She is well aware of the reputations of Ding Lei and Pony in the Internet industry, or among young people. From this Internet conference, the two have received You can tell by the popularity.

But she also knows that the Internet is still a "niche" industry today, and whether it is social status or economic status, you still need to look at the faces of the "big guys" at this time.

"Mr. Shan, let me just discuss the matter. Regarding MP3, I think your download website is a bit unworkable." Ding Lei has always been very direct and courageous in front of Su Yuanshan.

"Oh? Tell me why." Su Yuanshan smiled and grabbed a handful of pistachios and peeled them. After peeling a small pile, he handed them to Ye Rudai behind him - she liked to eat this.

"No matter why, I understand everything." Ding Lei glanced at Ye Rudai and said with a smile: "Unless you encrypt every song file and then decrypt it accordingly, otherwise...according to the speed of transmission and sharing on the Internet, Spirituality, who would spend money to download it? And it’s so troublesome to spend money now.”

Currently, for music copyright, Yuanxin and Sony's solution is to provide online listening and downloading solutions - of course, downloading is not free, and even listening is not all free.

And the charging system is currently only in its prototype, and because it involves technology and banking systems, recharge can only be done through phone payment.

This was too troublesome for Su Yuanshan, who was used to being able to scan codes casually and get things done with just a few clicks.

(Digression: Many domestic websites still adopted the remittance/transfer leaving balance model in the past few years - I got my Qidian VIP account by transferring 200 yuan and a few cents.)

And as Ding Lei said, as long as it is open for download, someone will definitely share it. Such good people with a "safe life" are not in short supply in any era or anywhere on the Internet.

"Let alone domestic...Internet access in China is so expensive. Except for public networks, who would be willing to download it? Let alone the charges."

Ding Lei sentenced Internet audio and video copyright to death in one sentence.

Su Yuanshan smiled slightly and didn't mind: "No matter how small a mosquito's legs are, they are still meat. As for payment channels... we are working on this."

Ding Lei and Pony immediately stared at Zhang Xiaolong. The latter shrugged and said with a smile: "Don't look at me, it's Mr. Xi who is working on it. It seems that he is jointly working with a team from Silicon Valley on an online encrypted payment system."

Su Yuanshan is determined to invest: "Well, if the Internet is to develop, the online payment system must follow up. And it must be linked to the bank to achieve fast payment."

"Mr. Shan, I have an idea." Pony, who had been silent at this time, suddenly said: "Since the music website uses a prepaid system, can it issue stored-value cards?"

"Stored value card?"

"Yes. It's similar to an IC phone... but it doesn't require an IC chip or a card reader. Instead, it directly issues a row of encrypted numbers." Pony looked at Su Yuanshan with bright eyes: "Issue and sell according to face value , and then read the encrypted numbers through the account system to recharge the account with equivalent cash - I occasionally heard someone talking about this at this meeting. I think it’s pretty good.”

Su Yuanshan's eyes suddenly lit up!

He, a former World of Warcraft player, actually forgot about this!

Before the advent of online banking and online payment systems, the stored-value card system was the most convenient recharge system among all Internet businesses that required recharge! Moreover, the method is simple and low-cost, and the only trouble is to have channels.

But Yuanxin, after so many years of layout and channels in North America, must have it.

"Not bad! This eavesdropping sounds very good!"

Pony coughed slightly.

Seeing this, Ye Rudai pursed her lips and smiled, touching Su Yuan on the mountainside: "Change the word."

"Haha, it doesn't matter, we have decided on this idea!"

Su Yuanshan laughed and couldn't help but applaud: "We can even promote our MP3 and vidoo5M mobile phones by giving away consumer cards! Brother Xiaolong..."

Zhang Xiaolong has been responsible for the back-end technology of music and video websites. When he heard this, he immediately understood the benefits of this stored-value card. He immediately nodded and said: "I will do it when I get back. This thing should be simple. Mr. Xi has some Ready-made encryption systems can be brought over and used.”

"Well, be quick. The sooner the better!"

"Then I will send an email to President Xi now and book a flight back tomorrow." Zhang Xiaolong is also a person who says that wind is rain, and he will get up when he sees this.

"...There's no need to be in such a hurry. We'll talk about it tonight. Let's chat first." Su Yuanshan pulled him and turned to look at Pony and Ding Lei with a smile: "Are you thinking about an IPO?"

The two looked at each other and nodded at the same time.

Since we are here to learn scriptures, there is no need to hide them. Moreover, Su Yuanshan always likes to talk about things.

"I actually don't have any good suggestions." Su Yuanshan pondered for a few seconds and then said seriously: "You just need to understand that capital has never looked at short-term returns and profits, and it doesn't even matter whether it is profitable or not."

"The important thing is hope. In other words, it depends on whether you can tell stories."

"The biggest advantage for Internet companies now is that in the technology world, big names have begun to recognize and make extremely good predictions about the Internet - such as Gates. His future path is so popular that ordinary people can The world understands that they are curious about what the world's richest man sees as the future. But for us, we need to understand that investors will be motivated and inspired by this."

"In the next few years, not only Microsoft. Yuanxin and Xinghai will also increase investment in the Internet industry. Therefore, this is an excellent outlet."

"But standing on the wind, pigs can take off."

Ding Lei: "..."

Su Yuanshan smiled slightly: "Now even the gang bosses are talking about the Internet. Don't you think this is an outlet?"

"So, IPO is very simple. It depends on whether you can tell stories and talk about the future."

"What about the profit model?" Pony asked immediately.

"No need to tell."

"No?" Not only Pony, but also Ye Rudai was confused.

If you don’t talk about the profit model when running a business...then who will invest? It's not charity.

"Yes, no need to talk, just talk about life." Su Yuanshan pursed his lips and smiled slightly: "Just use your brain and talk about the future Internet life - if you really don't know how, just take the life in Mr. Gates' new book as an example That’s it.”

"..."