As for the second reason why Takahashi spends money like this, it is based on the theory of venture capital.

Wanhu Capital is essentially a company that conducts venture capital, as the name suggests, it is to compete with risks and pursue profits.

In the venture capital structure, even if you invest in one hundred companies, as long as one company makes money, you can recover all previous investment costs and make profits.

Take a relatively recent example. Online novel websites generally have policies such as full attendance and guarantee.

Most books that receive full attendance and guaranteed sales revenue cannot reach the full attendance and guaranteed expenses paid by the website.

However, as long as one of the 1,000 books becomes popular, the cost of the remaining 999 books will be recovered instantly.

Moreover, an author's proficiency continues to increase with the amount of writing. With a guarantee, at least he can have money to maintain his creation means that the probability of his popularity continues to increase.

The same is true for the principles adopted by Wanhu Capital, although it seems like a fool now.

However, as long as these companies are done, the early investment will seem insignificant. On the contrary, everything the invested companies have worked hard for tens of thousands of households.

The Internet in China was just emerging at the end of the 20th century, and a large number of outstanding companies in the future were hidden among these Internet companies that seemed to be unable to make money at all.

For example, there is a company called Tencent in Shenzhen. It now owes millions of server fees in Guangzhou’s telecommunications computer rooms. Making money depends on one yuan charged for applying for its instant messaging account.

No one can think of the future market value of this company, which will reach the level of the ICBC.

Is it a loss to invest in this company at this time?

Of course, Wanhu also has instant messaging software, but this does not affect its investment in Penguin.

Just like Penguin has its own live broadcast platform, it will invest in Douyu and Huya.

Although this costs a lot of money, it guarantees that no matter who survives successfully in the fight, you will be your uncle.

Even if Takahashi doesn't do this, the one who is cheaper will be Son of Software Bank.

A round of crazy investment only cost tens of thousands of households with less than one billion yuan of capital.

Although for other companies, one billion yuan is a lot of money.

However, for tens of thousands of households with very good cash revenue capabilities in China, one billion yuan is just a number.

Of course, many of these Internet companies require exchange of RMB for US dollars, or entrust tens of thousands of capital to use tens of thousands of capital venture capital to buy servers directly in the United States.

This is also impossible. The Internet revolution happened in Silicon Valley in the western United States.

All advanced equipment related to the Internet is there.

Even if it is a Chinese network provider, it uses American equipment.

It is difficult for state-owned enterprises to use foreign exchange, let alone these private Internet companies.

Otherwise, there would be a Ma Huateng who could ride a Mercedes-Benz father in the 1990s and would not rent a telecom computer room.

Of course, I have to say that being able to rent a computer room and owing millions of dollars, and not being able to unplug the network cable is also a kind of ability and capital.

Seeing Wanhu Capital submitting a long report, Takahashi felt that it was really worth it to spend less than one billion yuan to catch all Chinese Internet companies.

You know, in another world, the three BAT giants only started to do the same thing after the first decade of the 21st century.

Don't they want to do it long ago?

think.

But before this, they didn’t have enough money, so how could they have the capital to invest in others?

Of course, after investing in this way, the ecosystem of the entire Internet industry has also changed.

I originally founded a company to become a BAT, but after that, I wanted to be invested by BAT.

If you refuse investment, BAT can produce the same type of service in minutes, use the base of users to compete to death, or directly acquire similar companies.

In short, when capital reaches monopoly, there is no possibility of a new BAT.

Even those companies that were established at the same time as BAT had to choose one side and become a member of this group.

Because BAT was late, the entire Chinese Internet company had developed, and the capital cost they paid was also very high.

If we talk about cost-effectiveness, it is far less valuable than the capital of tens of thousands of households.

However, although he had invested in these companies and knew that these companies could follow, Takahashi did not interfere with their operating status at all.

He invested in these companies just to guarantee the bottom line, and the dividends were pretty good. He forced them to act according to the method of ten thousand households, and that wouldn't be the case.

After all, every company has its own style.

Companies in BAT, A-Series will usually immediately enter a half-dead state after being acquired. This is mainly because System A wants to transform all companies in the system into A itself.

But the T-Series are different. Often after acquisition, the acquired company can make the acquired company more vitality.

These are two route issues, and Takahashi chose the latter.

As for what if the company that has not appeared yet succeeds?

It's very simple, you can invest when they first appeared.

After completing the large-scale acquisition of Chinese Internet companies, Wanhu Capital started an individual venture capital application.

As long as you come with the plan and the plan passes the review, you can trade shares for investment.

If you succeed, shares will become the income of tens of thousands of households. If you fail, you don’t have to pay a penny.

Of course, compared with the crazy investment before, individual investments should be much more cautious.

Otherwise, it would be difficult to write a plan to blow up the Himalayas and let the moist airflow of the Indian Ocean blow into the West (Meow) Tibet, right?

but……

Takahashi has really thought about this plan carefully, it is really impossible.

but……

The big problem is that it is difficult to find such high-energy explosives.

However, it is not completely impossible to find.

During the peace period of the Cold War, the former Soviet Union and the Ministry of Nuclear Weapons recommended their own nuclear (meow) bomb engineering method to the engineering department many times.

Not to mention, there are really many successful cases.

Even a nuclear bomb was buried deep underground and exploded a huge reservoir, becoming a case of drinking water source for millions of people in the entire city.

What? You ask about radiation residues?

Please, is this a righteous nuclear bomb?
Chapter completed!