Shenhao starts from the lottery of 1 million

The Point Company is in a dilemma. If you don't change, you will die. If you change, you don't have the funds.

While Groupon's initial model was quite simple, it only initiated one transaction per day, providing a coupon from a local merchant, usually as low as 2-3% of the original price of the product or service. Once the number of people purchasing the coupon reached the expected number, the transaction will take effect. When company executives such as Lefkovsky and Mason were looking sad, the emergence of Chen Xuejiao and Hualong Investment Company undoubtedly became their savior.

After a conversation, Chen Xuejiao left six million US dollars, which was two million US dollars more than Yi Anguo's plan, but her shareholding increased from 20% to 30%.

Yi Anguo gave Chen Xuejiao a lot of authority, so she could make the decision, increase investment appropriately, and take more shares.

With $600 million in funding, Lefkofsky and Mason began working on the group buying website project.

Groupon's initial model is quite simple. It only initiates one transaction every day, providing a coupon for a local merchant, usually as low as 2-3% of the original price of the product or service. Once the number of people who buy the coupon reaches the expected number, the transaction will be will take effect.

This model is actually quite effective because it is very light and does not require handling logistics and transportation, establishing warehousing, and investing excessive funds and personnel like e-commerce platforms.

In terms of promotion, they also adopted the most cost-effective mode, using word of mouth and sending emails in batches to attract consumers who want to get discounts.

For consumers, due to the subprime mortgage crisis and consumption downgrade, they can buy the goods they want at lower prices, which is very cost-effective and attractive.

For merchants participating in group buying, when bank loans tighten, even if profits are lower, it is good to have a large influx of cash flow.

Now it seems that this model is unremarkable, but at the time it was sought after by the media. They reported this model on a large scale, making Groupon's popularity instantly take off.

After that, whether it was recruiting people to participate in group buying or looking for franchise merchants, Groupon's work became much smoother.

The smooth development of Groupon's business gave Lefkofsky and Andrew Mason a taste of the benefits, and they focused on group buying.

Later, the business of The Point was even shut down. They also began to build a team of senior executives.

At this time in the United States, many companies lack funds for continued development. Many companies also lack funds for technology research and development. Under the financial crisis caused by the subprime mortgage crisis, the economic depression in the United States is inevitable. Everyone is short of money. Many companies are also short of money.

In the office of a car company called Tesla, the company's chairman Musk is giving a speech to everyone in the company.

“Either everyone invests and saves the company, or the company goes bankrupt and everyone goes home without a job.”

After speaking, Musk took out a check for US$300 million and placed it on the table. This was his last personal asset.

Prior to this, Musk sold all his properties and now can only rent a house. He also persuaded his brother, all relatives and friends to spend money to invest in Tesla.

After that, Musk has to consider who else he can borrow money to invest in and pay rent.

In 2008, the financial crisis broke out, and Musk also reached a low point in his life.

Three launches of his rocket failed. Tens of millions of dollars of investment turned into a big fireball after the explosion. Because of the high research and development costs, Tesla was on the verge of bankruptcy.

Musk is now penniless, which is not an exaggeration at all. He has invested all his money.

On this day, a Chinese woman named Chen Xuejiao appeared in front of Musk.

"Ms. Chen! Why is Hong Kong Hualong Investment Company so interested in an American automobile company?"

Musk asked curiously when faced with the sudden appearance of investors, who were also from a faraway eastern country.

"The reason why our Hualong Investment Company is willing to invest in Tesla is not because we are interested in Tesla, but because we are interested in you, Mr. Musk." Chen Xuejiao said with a smile.

"Oh! Really? Then I feel honored. I wonder how much money Ms. Chen plans to invest in Tesla on behalf of Hualong Investment Company?" Musk asked directly.

"How much does Mr. Musk think Tesla is worth now? How many shares of the company is Mr. Musk willing to sell?" Chen Xuejiao asked.

"I really can't answer this question for you. How much is a Tesla worth? It varies from person to person. Everyone doesn't have an absolutely accurate figure for its value. It's useless for me to say how much it's worth, because you and Your company may not be able to accept it, and it’s useless to say how much it’s worth, because my Tesla and I may not agree.” Musk shook his head and said.

"You represent the investor, why don't you give us a number and see if we can accept it."

"Mr. Musk, no one knows the value of Tesla better than you. If you are unwilling to say it, I will think that you do not need our investment." Chen Xuejiao said.

"But Mr. Musk, we naturally have our own evaluation criteria for the value of Tesla, so we will only use the valuation you quoted as a reference. Do you want to invest in the end? We will also have one Very complete evaluation process.”

This last paragraph is undoubtedly a reminder to Musk not to make random quotes.

After all, you only have one chance. If Musk is unwilling to cherish it, there is nothing he can do.

No matter how good Tesla’s investment project is? Then we can only give up.

Domestically, on July 3, Apple's 4399G mobile phone was launched, with a retail price of yuan, triggering countless Chinese people to queue up to buy it.

Yi Anguo discovered that history has changed. The original retail price of Apple 3G was 4699 yuan, but now it has become 4399 yuan. It is probably due to the influence of China Star smartphones.

However, although China Star mobile phone sales are very good, supply exceeds demand, and has received support from many Chinese people, the iPhone 4 mobile phone has also been selling well after it was launched, attracting the attention of many Chinese people.

On the Internet, many netizens are comparing Huaxing smartphones with Apple 3G phones, triggering a heated debate between Star fans and Apple fans.

Both sides insist on their own opinions and refuse to give in to each other. Apple fans firmly believe that Apple's 3G mobile phones are better than CSOT phones in all aspects, especially Apple's operating system, which is better than CSOT's self-developed system.

Apple fans are proud to support domestic mobile phones and national brands. They believe that the system of Huaxing smartphones is no worse than that of Apple phones. Even if it is slightly worse, it will not affect anything. Moreover, Huaxing phones also have their own advantages that Apple phones do not have.

For example, the Huaxing mobile phone has a large screen, a full screen, and a hidden camera.

The screen of Apple mobile phone 3G is relatively smaller.

No matter what, we should support domestic brands. Only in this way can domestic brand mobile phones develop better.

Star fans on mobile phones accuse Apple fans of being idiotic and unpatriotic, while Apple fans accuse Star fans of moral kidnapping. Although they are Apple fans, it does not mean that they are not patriotic and have the ability to prevent the country from importing products from any country.