Volume 8 Final Chapter Chapter 1240 Leverage Game (Part 2)
As soon as Nan Yi talked about football, Wang Jiansen became excited.
"Football is good, football is good, but the small pitch is a little bit disappointing, why not just play with 11 players."
"A small stadium is better. It's easier to play on. After the professionals finish playing, we can also go on the field and play. Lao Wang, prepare well. To make the game more interesting, there will be prizes for this game."
Nan Yi meant something.
"Is the prize big?"
"Big." Nan Yi nodded and looked at Wang Dali, "Xiao Wang, you are good. Panda TV is doing very well."
Wang Dali found Nan Yi's praise very irritating.
Without waiting for Wang Dali to reply, Wang Jiansen continued, "Nan Yi, don't praise Dali. He still needs more experience."
Nan Yi pretended to be surprised, "What's wrong?"
Since 2014, the live streaming industry has become a hot spot, and all kinds of heroes have come in to get a foothold. In 2016, the melee began, and all platforms were burning money desperately, and the tabby cat was forced to join the battle.
He had to spend money because the traffic was about to be snatched away. He had been spending money for more than a year, and it was not enough to put in all the previous profits. He also took away part of the profits from web games. When the most intense battle among thousands of live broadcasts started, Wu Xiaoxiong saw that the time to retreat had come, and immediately sent a heroic message to several leading live broadcast platforms: Brothers, I don’t want to play anymore, come and bid.
Although Nan Yi has almost not been involved in business matters since 2009, it is still necessary to read the report regarding the sale of industries. Panda TV is one of the leading live broadcast platforms, and information about it is included in the report.
As far as Nan Yi knows, Panda TV has had great difficulty in raising funds since the day it was founded. Even with the largest shareholder, Wang Dali, endorsing the company with his own credit, he was unable to attract investment. In desperation, he could only invoke the unlimited joint and several liability clause.
This clause is often accompanied by an equity repurchase clause. If the investor's investment does not receive the return specified in the contract, or Panda TV does not grow to the specified scale within the period specified in the contract, the investment becomes a high-interest loan, and Wang Dali is personally obligated to repay the principal and interest.
For investors, this kind of project is a guaranteed profit, especially since Wang Dali has wealthy parents, so investors don’t have to worry about him not being able to pay it back.
Even so, Panda TV has been in a period of transition since the beginning of 2017. Later, there were rumors that the anchors' salaries were in arrears. Until the sale of the Tabby Cat, Nan Yi had not heard of any news of improvement in the financial situation of Panda TV. Later, Ingrid Xu had never encountered a situation where the platform owed commissions, so he was not too concerned about the financial situation of the live broadcast platform, and there was an information gap.
However, Wang Dali, the son of the former richest man, is the focus of everyone's attention. Big news about him usually becomes hot news. If there are any big changes in Panda TV, even if he does not take the initiative to care about it, the news will be delivered to him. He has not seen similar news, so he must not have obtained new financing.
Wang Jiansen said to Wang Dali, “Dali, you said it yourself, your uncle Nan is an expert in Internet economy, let him help you diagnose your pulse.”
Wang Dali felt a little uncomfortable when his scar was exposed, but he did not dare to disobey.
"Uncle Nan, Panda's current situation is very bad. Its working capital is almost exhausted. Without new capital injection, it may collapse at any time."
"Well," Nan Yi pretended to think for a while, "If you can't hold on any longer, just cut your losses. Ever since the short video platform came out, single live streaming platforms can't be said to have any bright prospects. There was Kuaishou in front and Douyin in the back. It won't be long before these two platforms absorb most of the traffic."
Upon hearing Nan Yi's diagnosis, Wang Dali was dissatisfied. "Uncle Nan, I think Panda's business model is very good. I made some adjustments after studying the model of the tabby cat, integrating it with entertainment and in line with the future development of the live broadcast platform."
Nan Yi chuckled, "I know what it means to be in line with the entertainment industry. I knew it ten years ago. Lao Wang knows that I am a major shareholder of Jingda Feilong. I built this company with my own hands and handed it over to Zou Jizheng after it was on track.
Wu Xiaoxiong was one of the first employees who followed me to start a business. I was the one who gave him shares in Jingda Feilong. Later, he left Jingda Feilong to establish Lihuamao, which was also my name.
The operating ideas and strategies of Tabby Cat were all decided by me long ago, including the sale. If I told you that I had foreseen today's situation ten years ago, would you think I was bragging?
If I tell you that your so-called development trend is outdated, will you be upset? "
"Yes, I know all of them." Wang Dali said with his neck stiff.
Nan Yi smiled at Wang Jiansen, then turned to look at Wang Dali's face, "What is your purpose in establishing Panda TV?"
"profit."
“Live streaming platforms are also a business. If they cannot monetize traffic, it means they are a failed business. When it comes to monetization, online car-hailing, shared bikes, and food delivery platforms are much better than live streaming. Almost every bit of traffic can bring conversions, and it is easier to tell stories to investors.
Relying solely on gifts from viewers and advertising revenue is too insignificant for investors. The platform has no good story to tell, so the valuation will naturally not be too high. Live streaming platforms are only suitable to become one part of the existing entertainment ecosystem, rather than creating a large entertainment ecosystem from scratch through live streaming.
Every round of financing by Lihuamao is to get closer to the ecosystem. Wu Xiaoxiong tells the story well. The six rounds of financing were just pure financing without any harsh conditions attached. In the end, it ended in great success and every investor received a good return.
Although each investor has different criteria for judging the quality of a project, investment in Internet projects has been relatively mature in the past few years. You should be alert when you need to sign an unlimited joint and several liability clause to attract investment. What do you think is the most correct path in the eyes of others?
There are no lone heroes in the Internet industry. Behind every successful project there is a group of people who believe in its success and support it. There is no such thing as the truth being held by only a few people. Projects that no one recognizes or responds to can only become garbage. "
Wang Dali suddenly realized why Panda had reached its current situation. It turned out that he had fallen into a misconception of thinking. However, he was still unwilling to give up. Live streaming was the first trend he had pursued since he became independent. It was very unpleasant to give up just like that.
He looked at Nan Yi with hope and said, "Uncle Nan, is there any way to save it?"
"have."
Wang Dali saw a light.
"But the gains don't outweigh the losses, so let's cut our losses and try another route."
It turned out to be a will-o'-the-wisp.
…
After the Lantern Festival, Nan Yi did not rush to arrange a ball game party, but took out two mobile phones and entered two live broadcast rooms respectively.
One is Nuannuan’s and the other is Xiaodou’s Flying Plan.
Xiaodou Feitian Project, an enterprise jointly established by Doudou and Nanchen Wine Technology Company.
Nanchen Liquor has been honed for thirty years and has skyrocketed since its listing. Its market value is on par with that of Moutai. While many "leeks" get blood transfusions from it, its reputation is not very good. In short, it is the kind of reputation that people ridicule.
In 2009, when Nanchen Liquor Industry celebrated its anniversary, Chen Weizhong, who had always had little presence in the public eye, appeared on a TV program. On the program, he said that Nanchen Liquor Industry was not only a liquor production company, but also a high-tech company.
At that time, there was a lot of ridicule on the Internet. Chen Weizong was scolded severely, and even the stock price dropped by a few cents to express congratulations.
Chen Weizhong didn't explain anything, but that year, Nan Chen Wine Technology Company expanded from the research and development of automobile engines to the research and development of aircraft engines and rocket engines.
In 2013, the Xiaodou Feitian Project was established in a low-key manner.
February 22, 2019, the 18th day of the first lunar month, is a good day to travel.
A few days ago, Nuannuan had already announced in the live broadcast room that today she would bring something different that would definitely surprise everyone.
There are still ten minutes before the live broadcast starts, but the screen in the live broadcast room is still black.
There are still fifteen minutes left before the live broadcast of the "first flight" of the Xiaodou Astronomy Project, and the live broadcast room is also black.
At the Jiuquan launch base, teachers from the Nanchen Winery Art Troupe are preparing Chen Weizong for the final moments. Later, when the Liugu rocket takes off, he will have a very important crying scene.
During the ten-minute break, Nan Yi and Nan Zehang were playing Gobang. Nan Zehang's face was full of smiles, while Nan Yi's face was full of frowns. He could not beat his son, nor could he beat his son's son.
In terms of his attainments in Gobang, it is remarkable that Nan Zehang could last more than sixty moves against Yi Zai.
There is the Milky Way outside and Yaoguang inside. Yizai has been born for more than thirty years and has received training for more than twenty years. He knows astronomy and geography. He is good enough in politics to be supported by billions of people because he does not know what selfishness is. He is good enough in business to be the head of a company worth hundreds of billions of dollars.
When the research on the hippocampus at the Brain Research Institute enters a new dimension, they can inject "limited" knowledge into the brain of the experimental subject, and name him Wang Xu. Then, Wang Xu will be sent to the Spring and Autumn Period, where he can learn Taoism and give himself a Taoist name - Guiguzi.
Currently, the Brain Research Institute has determined that human memory storage is like a database. As long as a matching programming language is written, it can be added, deleted, modified and checked.
Maybe in twenty years, maybe thirty years, or even longer... One day, the research institute will be able to mass-produce geniuses. Maybe one day, fools will become a rarity, and geniuses from all over the galaxy will bow down to them.
By then, human society might become swarm-like, and classes would be solidified genetically. If the grandfather is a night soil collector, the grandson must also be a night soil collector, and the love for night soil collection would be in their family genes. Topics such as exploitation and equality might disappear, and everyone would do what they love most, without any inequality or exploitation.
That is a stage not covered by any isms, it is distributed according to love.
"Grandpa, do you think it's okay for me to research a bullet that can take a person's head from 800 miles away?"
"You don't need to research this, just change your name to Shunliu."
"I'm serious."
"So, you are talking about this now, with a hidden agenda, are you targeting the Rockets?"
"Hey, hey, grandpa, you are awesome."
