Top of the big era

Entering June, Zhou Buqi couldn't even take the time to return to China.

With the overall renaissance of the Internet industry and the rapid rise of the domestic IT industry, there is a long list of companies lining up to go public in the United States this year.

Many of them have entrusted their relationships with Zhou Buqi, including Lanting Market, 58.com, Qunar, 500 Lottery, Autohome, Jiubang Digital, etc.

If anyone can get Big Boss Zhou to help them stand up, their IPO will be a big success.

Zhou Buqi would not make fun of his own reputation.

Among the companies preparing to go public in the United States, just by looking at their names, there are several that are full of "fraudulent" attributes. Lottery website, what the hell is this? There is also the Lanting Market, which is actually an e-commerce company...

Shi Jinglin is also preparing to engage in cross-border e-commerce.

With the help of Boss Zhou and the rich channel resources she has accumulated at home and abroad in the past few years, I was a little confused when working on this project.

Even the big devil has done it so hard, and even Alibaba's international business has suffered setbacks. Zhou Buqi is not willing to come forward to endorse a small private company.

PayPal will also complete its IPO this month, so get ready for it!

With the support of Zhou Buqi, PayPal's new CEO Dan Schulman quickly stabilized the situation, and then...then the problem came. He is the new CEO, and he has transitioned from the traditional financial industry to start Internet finance. He always needs to have a new understanding and formulation of PayPal's mission and goals.

This is a bit troublesome.

This may change some of the consensus within PayPal over the past decade or so, and then cause many management conflicts.

There is nothing we can do about it.

When a new CEO takes office, he must use people who support and recognize his ideas.

But now that the company is about to go public, it is really not appropriate to make any moves.

Zhou Buqi hurried over to talk to Dan Schulman, asking him not to be too impatient and to wait for a while even if he made any move.

It is also Zhou Buqi’s plan to adjust PayPal’s internal organizational structure and management.

In the past few years, PayPal has always been a subsidiary of eBay. Many people were sent directly from eBay, and many businesses are strongly tied to eBay.

These relationships and businesses must be resolved.

Zhou Buqi made a special trip and invited Dan Schulman to drink a cup of coffee. He said in a somewhat critical tone, "The most important thing now is the IPO! It's about to go public. I don't care what you think. Keep it first!”

Dan Schulman sighed, "I know I need to prioritize, but many of PayPal's basic concepts are wrong and completely lack the most basic financial common sense."

Zhou Buqi asked: "What about?"

"There are many, um..." Dan Schulman thought for a moment, and then said the most typical example, "such as the convenient online transfer business. This is PayPal's development for more than ten years, but it has always been in the financial industry. The reason why Lidu is in a relatively marginal position."

"Oh?" Zhou Buqi was not sure about this, "What do you mean?"

Dan Schulman said: "The transfer business means that I can transfer money to you."

Zhou Buqi said strangely: "Isn't this normal?"

Dan Schulman said: "Because we are both in the United States, this is more normal. If you are in your country and I am in mine, the transfer between us is a severe gray area. The problem is not with me. side, and on your side.”

"Uh..." Zhou Buqi immediately understood what the other party meant, "Restrictions on the free convertibility of currency."

Dan Schulman smiled and said: "Yes, that's what it means! I've read PayPal's entrepreneurial diary, and also talked with some senior executives and old employees. They all have a very dangerous misunderstanding about the transfer business."

Zhou Buqi knows that many entrepreneurial projects in Silicon Valley have the ambition to change the world, and it is often these great goals that attract many of the top talents in society to join them.

From what Schulman means now, it seems to be related to PayPal's entrepreneurial ambitions.

Dan Schulman continued: "The monetary policies of many countries are erratic, like Russia, or those countries in Southeast Asia, or... well, these countries do not have a market-based exchange rate. Sometimes they let their Currency inflation and sometimes devaluation are used to take wealth away from ordinary people."

Zhou Buqi twitched the corner of his mouth.

I could vaguely guess where the direction he wanted to say but hesitated was.

Dan Schulman said: "Most people in these countries will never have the opportunity to open an offshore account or exchange their currency for a stable currency like the U.S. dollar. This is one of PayPal's missions to allow all economic classes to Available to everyone, PayPal will give people around the world unprecedented, more direct control over their country’s currency. In this way, it will be almost impossible for corrupt governments to use old methods to steal wealth from people, because if They are trying to do this so that people can change the currency on hand into US dollars, pounds or yen, abandon the worthless local currency and replace it with a safer currency. PayPal is using the means of Internet finance to complete the financial management of this complex world. The salvation of the world.”

Zhou Buqi was silent for a long time, then slowly said: "The ideas popular in Silicon Valley to change the world are often serious challenges to social boundaries."

"And you?"

Dan Schulman is worried.

Because Boss Zhou is also an Internet entrepreneur, if he also has such an unattainable and whimsical goal, it will be harmful to the development of PayPal and even become the biggest obstacle for PayPal to become a world-class financial giant. .

This is the essential difference between traditional financial people and Internet people doing finance.

The former comes from Wall Street and is full of reverence for capital operations. The purpose of everything is to make money.

The latter comes from Silicon Valley, full of ambitious goals that will change the world.

In comparison, making money is easier, safer, and more acceptable to different countries in the world.

If Boss Zhou thinks so too, then he thinks he can consider resigning.

Zhou Buqi gave a very clear response, "So I invited you to be the CEO of PayPal. I gave up Marcus, who came from the Internet in the past, and also gave up the idea of ​​​​the board of directors proposing to choose another CEO from Silicon Valley."

Dan Shulman breathed a sigh of relief, but he felt that he should still make his words clear and said slowly: "In the past thirty years, many financial crises have occurred all over the world, and many problems have troubled the currency market. 'Contagious diseases' are caused by government attempts to manipulate exchange rates and interest rates. When investors discover their little tricks, they sell the local currency, putting downward pressure on the exchange rate. Since commodity traders no longer want to use To settle in local currencies, countries have to dip into their U.S. dollar reserves. These sell-offs have forced many countries to lower their official exchange rates against the U.S. dollar, thus devaluing their currencies, which in turn has less purchasing power around the world. This, in turn, has led to Local prices have skyrocketed, devaluing the currency in savings accounts.”

This is actually common sense, but he doesn't know how much an Internet entrepreneur like Boss Zhou understands traditional finance.

Zhou Buqi didn't interrupt him either.

Dan Schulman continued: "Whenever this happens, the average citizens of these countries, especially the poor and middle class who have little access to foreign banks, are always hit the hardest. If PayPal can find a way , allowing these people to transfer funds with the click of a mouse and convert the currency in their hands into a more stable currency, then PayPal's social existence mission will be more revolutionary than simple e-commerce shopping and sharing the dinner bill."

Zhou Buqi was a little unbelievable, "Has such a goal always been in PayPal's corporate strategy?"

"That's right!" Dan Schulman nodded, "It has always existed. They think this is the greatest contribution that PayPal can make to ordinary people, allowing everyone to exchange cash for something more stable. of foreign currency and store it far away from the reach of their own country to ensure the safety of their property and avoid being plundered by the authorities through hidden financial means. I think this is completely wrong and will seriously restrict The development of PayPal.”

"The Internet should have such a mission." Zhou Buqi first affirmed the original PayPal team's philosophy, and then supported Schulman's point of view, "However, this should not be PayPal's mission, PayPal can't do it!"