My Age of Investment

  Chapter 227 Department Y

"nothing."

  Xia Jingxing shook his head, put away his thoughts, looked at Andrew, and said, “Well, let’s come here first today, let me think about it.”

   "Okay, then I'm leaving."

  Andrew saw that Xia Jingxing had something on his mind and left.

  After the person left, Xia Jingxing took out a pen and paper and began to write and draw on the table.

  Calculated for a while, and he threw the pen away.

  Don’t count it, the more you think it is, the more it hurts.

  No matter how smart it is, it’s useless. The video website must be done to be true.

  …………

  …………

   "Boss, what's the matter? So mysterious?"

  The little dog walked into the meeting room, with a foreign girl behind him.

   "You two sit down, tell you something, and close the door."

  After the two sat down, Xia Jingxing told the two of her thoughts about launching a video website.

  "Video...website?"

  The little dog was very surprised, his mouth was a little uncomfortable, and then he asked: "Netflix (Netflix)?"

  Kristina also frowned, "Netflix has done a good job. We don’t have to compete with them anymore?

  After all, social networking is our main business, and renting discs online does not seem to match us. "

Xia Jingxing shook his head and laughed, "Netflix is ​​an online video rental company, not a video sharing website.

  Although they have a website, it is used to rent DVDs and place single-choice films.

  They use a user-paid subscription model to provide all users with a film rental service of mailing and recycling discs by express delivery.

  The video website we want to do can be understood as users freely uploading videos they have taken, and then everyone on the website can browse, play, and share. "

  The little dog listened, thought carefully, and asked a series of questions.

   "Bandwidth charges should be exaggerated, right?"

  "Where did the material for the video come from?"

  "Which video formats can be played?"

  ……

  Xia Jingxing answered one by one, dispelling their worries.

  "The videos of this video site can also be shared to Facebook. We provide users with a video album similar to a photo album.

  Users’ friends can browse these videos, comment and like their thumbs..."

  Xia Jingxing portrayed the various interactions between video sites and social networking sites for the two.

  "Once this kind of video sharing behavior becomes popular among users, it will encourage more Facebook users to start uploading videos, so that we have our material and video users.

  At the same time, more and more videos on video sites are being shared on social networking sites, which will encourage more people to join in.

  This is a good cycle! "

  The foreign girl and the little dog are very fascinated, and they sound great indeed.

  However, technical issues and bandwidth consumption issues must be addressed squarely.

  "Don’t worry too much technically. We can set up a video department from the company to develop video websites.

  Bandwidth consumption, so don’t worry about it.

  As long as there are enough users, video sites can also advertise.

  Of course, you can also choose equity financing. "

  Xia Jingxing said while thinking that Facebook has been spending a lot of money, making a small amount of money, and its income and expenditures are not balanced.

  If you catch up with a video website, the money consumption will definitely be even more exaggerated.

  However, there are still tens of millions of dollars in the company's account. There will be no problems if you insist on it for a year or two.

  In the first two years of development of the video website, external financing was not required at all, eliminating the worries of equity dilution.

  At the same time, the two companies complement each other and can promote user growth for each other.

  These are all video websites that are not owned by his private investment holding.

  Thinking further is to avoid Facebook from encountering antitrust investigations due to the acquisition.

  After listening to Xia Jingxing’s words, the little dog and the foreign girl looked eager to try, without any doubts.

  The little dog smiled and asked, "Boss, when will you start development?"

   "Don't worry, but also have a meeting with other shareholders to discuss."

  …………

  …………

  On the board of directors, Xia Jingxing told the other shareholders and directors what he had said to the little dog and the foreign girl.

  Andrew took a surprised look at Xia Jingxing. He didn't expect that Xia Jingxing eventually chose to put the video website in the Facebook system.

   "Video site."

  Brayer groaned, “If it can promote a huge increase in Facebook users and increase the browsing time of users, as Darren said, I certainly have no reason to object.

  Just, will this kind of video site be popular with users? "

  Brayer spread his hands and looked at Xia Jingxing with a smile on his face.

  Xia Jingxing and Breyer looked at each other, "You asked this question very well.

  In January of this year, Janet Jackson walked out of her singing before the 38th Super Bowl.

  After this, although everyone was talking about it, no relevant short film resources could be found anywhere on the Internet.

  Many gentlemen are anxious and get angry in front of the computer.

  What is this called?

  Call user needs.

  This shows that the public needs such a video-sharing website, where users can freely upload the videos they take and get widespread dissemination. "

   Breyer nodded, "It sounds like a good idea, I have no opinion."

  Old man John asked: "Dylan, how much investment is needed to add such a video site?"

  Xia Jingxing quickly replied, “The initial investment may be enough for one million US dollars.”

  Old man John is not an ordinary old man. As the principal of Stanford, he knows the Internet well and asked: “What about subsequent bandwidth consumption?”

  "It depends on the number of users and views of the video site. I have calculated that even if all of the nearly 20 million Facebook users become video site users, the monthly bandwidth consumption is only 500,000 US dollars."

  Xia Jingxing deliberately underreported half of the figures, mainly for fear of scaring Old Man John.

  After hearing this number, Old Man John frowned, and soon stretched out again.

   "I have no other opinion, I just hope that Facebook's main social business will not be affected."

  Xia Jingxing shook his head, “It’s definitely not. Social networking will always be the main business of Facebook.

  It's just that there are such user needs at present, I think I should grasp it.

  If we do not seize the opportunity, there will naturally be other companies on the market to seize the opportunity. "

  Among several directors, Evans, who has not spoken, spoke.

  He frowned and said, "Dalun, if we want to add a video website development project, our current development team does not have enough manpower?"

   "Then do it."

  Xia Jingxing thought for a while, and added: “Let old employees develop video websites. It is best to join the company some time ago. There are no employees who have obtained options.

  Video website project, the company will give an option spree.

The website developed by    will give this group of employees option incentives if they have good results after going online. "

  Evans realized Xia Jingxing’s intention after a little thought.

   Deliberately picking employees who have not obtained options is obviously to discourage these people.

  After all, what is not obtained is the best.

  Evans also thinks this method is very good, and it can mobilize employees' enthusiasm for work.

  After the resolution of the board of directors was passed, the video website project was quickly approved, and an employee was interviewed by Chief Human Resources Officer Luo Li.

   Then a dozen employees changed their posts and joined a department named "Y", and the office was also moved to the fourth floor.

  The fourth floor is newly leased by Facebook, and is dedicated to the placement of Department Y.

  At the same time, the names and trademarks of YouTube companies have also been registered.

  　 Two updates first, make up later.

  (End of this chapter)