1991 Starting from the core

“If you hadn’t seen it with your own eyes, it would be hard to believe that four years later, the founders of Xinghai are still living together as they did in the early days of the business.”

Gates, Su Yuanshan, Chen Haomin, and Tang Wenjie came to the study room on the second floor, as if they were guests.

Among the people present, if we really want to talk about the number of times they have met, he and Chen Tang have actually met more often. Especially Chen Haomin, a long time ago, he often personally led the browser team to work at Microsoft, and even had lunch by the way.

Therefore, he was not very restrained. He crossed his legs in a comfortable sitting position and sat on the sofa chatting.

It’s September, and it’s also the “hottest” month here in Silicon Valley—San Francisco, which has a Mediterranean climate, maintains a pleasant temperature of around ten degrees all year round. The coldest in winter is no less than five degrees, and the hottest in summer is in the early thirties. , and it can last up to a week.

So Su Yuanshan, who was more casual, simply took a watermelon out of the refrigerator and cut it in half to serve the guests.

Gates smiled while watching Su Yuanshan cut the watermelon, and asked with some interest: "I heard that there was a racial discrimination incident over eating watermelon in Xinghai?"

"Huh? Is there any? Why didn't I know?" Su Yuanshan skillfully shaved off the watermelon seeds and handed them to Gates. He also handed a piece to Chen Haomin and asked curiously: "Eating watermelon is discriminatory? Does it offend the old man?" blacken?"

He asked this question in Chinese.

Chen Haomin smiled and nodded, and replied in English: "There are many Asians in our company, and sometimes we ask the kitchen to cut some watermelon or something for after-dinner fruit. Then unfortunately, a new black guy came into the company, What's even more unfortunate is that there was a buddy from China in his group who handed a piece of watermelon to the black guy after dinner..."

"Then you pissed off people."

Su Yuanshan was speechless for a while: "How to deal with it?"

But Chen Haomin chuckled: "You will find out later by asking Yiwen, she will handle it."

Su Yuanshan's curiosity was aroused. How could he "wait a moment" and immediately touched Tang Wenjie: "Brother, what's going on?"

Tang Wenjie also smiled: "Haha, Yiwen just hit her head and scolded her - she scolded the black guy."

Su Yuanshan's eyes almost popped out: "When did the black guy become so easy to talk to?"

"The main thing is a misunderstanding, and it really comes down to racial discrimination..." Tang Wenjie glanced at Gates pretending to be casual, smiled and said: "How can a black person get a turn? And you know your sister-in-law's temper, she would rather go to court than go to court. Maybe he’s trying to compromise.”

"..." Su Yuanshan thought for a while, Yang Yiwen's temper was really like this.

"What happened next? Where was that person?"

"That person is still somewhat capable. Now he is responsible for leading a team under me to optimize memory recycling."

At this time, Gates, who had been listening, interrupted: "If it were another company, I'm afraid the result would be different."

Gates said, looking at Su Yuanshan meaningfully: "This is what makes Xinghai different from other companies."

"Is Mr. Gates praising Xinghai for being more tolerant?"

"If you understand it this way... then that's what I mean." Gates laughed.

Su Yuanshan also smiled and shook his head.

He knew that Gates was saying that Xinghai could take advantage in some aspects because of its "gene" problem - but Gates forgot that it was this gene that actually caused Xinghai to suffer a lot of prejudice. .

Not to mention, Xinghai's share price is still hovering at more than 50 billion US dollars, which is proof that Xinghai's share price must at least double in terms of profitability and industry influence to be worthy of its status.

Not long after, Ye Rudai went upstairs and asked everyone to go down to eat. Because Mr. Gates drove here by himself, everyone did not drink. Instead, they ate the boiled fish cooked by Qin Si himself with the drinks.

Of course, Mr. Gates was pissed off.

…

After dinner, Qin Si cut a plate of fruit and brought it upstairs. Su Yuanshan also invited Gates into the study again, while the rest of the people stayed downstairs to clean up the mess.

"Miss Qin Si will be the chairman of Xinghai Fund."

After sitting down again, Su Yuanshan went straight to the point and said to Gates: "I believe that her investment behavior in Silicon Valley over the past four years is enough to prove that she is an extremely rare, outstanding and competent investor."

Being praised by Su Yuanshan in such terms for the first time, even Qin Si felt a little embarrassed. She quickly waved her hands and said: "It's all luck. Mr. Shan went too far."

But Gates looked at her with a smile and said: "I think Su is right, Miss Qin Si, you are the best and most visionary female investor I have ever seen."

Qin Si's eyes flashed, and he smiled softly and said, "Is it because I bought Microsoft stocks in advance?"

Gates laughed: "That doesn't count."

…

After the three of them laughed together, Gates turned to look at Su Yuanshan, his expression gradually becoming serious: "Su, first of all, you have to understand one thing, Microsoft is no longer my Microsoft alone."

"Yes, I understand - just like Yuanxin and Xinghai are not mine alone." Su Yuanshan nodded empathetically.

At his peak, Gates held more than 60% of the shares. When Microsoft first went public, he had close to 45% of the shares.

Even though he has continued to reduce his holdings over the years, Gates still holds more than 35% of the shares, making him the absolute largest shareholder.

But as they said, when an enterprise develops to a certain level, it no longer depends solely on the shares, but on the collective will of the entire enterprise.

This is especially true for Microsoft, which uses the official domestic term "an enterprise related to the national economy and people's livelihood."

"Therefore, I cannot include Microsoft in the Xinghai Fund." Gates blocked a road seriously: "I can only join your fund in my own name."

Although Su Yuanshan was a little disappointed, getting Gates to join the team was his lowest request.

At this time, Qin Si glanced at Su Yuanshan and said with a smile: "Mr. Gates, how much money are you going to invest in Xinghai Fund? And how will you enter?"

"By the way, we have roughly estimated in the past few days that the cumulative valuation of the shares of Xinghai Fund's holding companies... has exceeded 200 billion US dollars."

"And this is an estimate based on the current stock price of Xinghai, and other companies only based on a price-to-earnings ratio of 12 times. As more and more unicorn-type companies are listed, this valuation will increase."

"This is an outline of Xinghai Fund's holdings and equity participation companies. You can take a look."

As Qin Si spoke, he opened his briefcase and handed a half-centimeter-thick document to Gates' eyes.

“If it’s too much, you can just look at the table of contents.”

Gates took the file and as soon as he opened the directory, he felt a little dizzy.