Rebirth starts with small money

For the Internet ~ the people who met in [-] actually have a relatively simple understanding.

Many ordinary people equate computers, that is, computers and the Internet, but in fact, computers and the Internet are actually two different things.

Computer is a very broad field. It can even be said that as long as there is a CPU, that is, a processor, it can be counted as a computer.

Including refrigerators ~ washing machines and even ordinary mobile phones that are popular now can also be counted as part of the computer.

The Internet~ is actually an application direction in the computer field.

However, with the development of the Internet, this application direction has been researched by countless people~ Finally, countless results are naturally obtained.

Some of these results are so big that they can even change the world, and some are actually very tasteless.

And among the tasteless parts, some are tasteless because of their own existence, while others are made tasteless because of the people who research and apply them.

In fact, in the research on the computer Internet, most of them belong to the latter part of the "chicken ribs".

And only a very small number of the former ~ finally achieved success!

These successful people not only advance the development of the computer Internet, but also make a lot of money themselves.

And those losers~ often face the fate of fetching water from a bamboo basket in vain.

But here is the Internet industry after the Internet bubble burst.

And before this huge bubble burst, in the entire Internet industry ~ there was almost no tasteless failure.

Yes ~ there are no losers!
It's not that there were no chicken ribs before this, but before the bubble burst, no one thought that what those people researched would be a failed chicken rib.

Or. Even if someone knows it's tasteless, no one cares.

Yes~ No one cares whether the things that are researched are good or bad, because it doesn't matter at all.

What is it that matters?It is a process ~ also a result.

What is the process?It is to make money!
what's the result?How much money can you make!

Many people know that the Internet bubble burst, but how this thing burst, but few ordinary people pay attention to it.

But it's true~ Apart from those who study finance and economics will pay attention to this thing, for ordinary people, it's just a fun to watch.

In Chen Li's previous life, he also belonged to the kind of spectators, but he belonged to the kind of spectators who like to get to the bottom of things.

After all~ If you want to brag to your friends or something, knowing something that others don't understand will naturally make your bragging louder.

So~ Chen Li in his previous life learned some information about the birth and burst of the Internet bubble from some novels and information on the Internet.

It's just~ it's a pity that Chen Li had seen this kind of information in his previous life. He really didn't remember it so clearly.

Chen Li only remembers that the bursting of the Internet bubble started in 2000 and ended almost in 2001.

As for the specific reason, Chen Li is not very clear, but to sum it up, it is probably that countless people have been cut off by a group of capital.

Attention ~ it is countless people ~ and a bunch of capital!
After some achievements in Internet development in the early stage, it quickly attracted a large number of venture capital investments.

Because the Internet has brought all kinds of new business models that were still impossible a few years ago, all of which were impossible to do before, but can be done now.

In the eyes of those venture funds~ the Internet at this moment is like a dining table full of cakes, waiting for countless people to taste the delicacy of the cakes.

So everyone flocked to it~ Soon the seats where the cake could be eaten were filled up.

then what should we do?So some people who didn't get the cake started looking for new cakes, or
Use more money to buy the place that wants to use the cake from those who originally occupied the place.

So everyone fights for each other, you raise the price~ I follow the vote, and then the big cake of the Internet is pushed up by these people into a bigger and bigger cake
Foam!

Just how crazy was this cake before this bubble burst?
A business plan ~ a laptop computer ~ a new business model relying on the Internet can swindle hundreds of thousands to millions or even tens of millions of dollars of investment from investors' pockets.

Even if these business models have very obvious loopholes, no one cares at all.

Because everyone has the same idea, they don't care what is the use of this thing, they only care about whether this thing can make them money.

At that time, investing in the Internet was the best way to make money, not even one of them.

During this period of time, whether it is those profitable Internet companies~ or those Internet companies that don’t even have sales, they are all labeled by various names and given various incredible valuations by those capital parties.

Then various investors enter the market ~ raise the valuation ~ and then go public ~ collect money ~ cash out and leave the market!

And the most exaggerated thing is that this kind of story is staged on Nasdaq almost every day!

Almost every day ~ there are new Internet companies going public, and every Internet company going public will create a large number of Internet rich people.

It is precisely because this kind of story is staged every day that the cake of the Internet becomes bigger and bigger.

It is said that at that time, whether it was the executives of the world's top [-]~ or street vendors or even waiters in restaurants, they were almost all discussing the same thing.

Stocks ~ especially the stocks of Internet companies.

When any Internet company goes public, it will quickly rise to a very exaggerated height. The exaggeration of that height is simply beyond the imagination of ordinary people.

Chen Li saw a post in his previous life, and the author of that post was written by a Chinese who was studying in the United States at that time.

This buddy went to a university in the United States in 98. He stayed in the United States for eight years and just experienced the birth and burst of the Internet bubble.

This buddy learned computer~ It is said that nearly a quarter of the students in their class were starting Internet businesses or working for Internet companies.

The reason for this is that there were too many various Internet companies at that time, and many companies could not even recruit more professional programmers.

This is so... It's just insane.

And that's all~ It is said that this buddy has a classmate who worked part-time in an Internet company for three months, and then... got a part of the options.

These options were originally paid by this classmate for his part-time job, but this buddy cleverly rejected the company's salary and got a small amount of stock instead.

However, the company went public a year later, and this buddy, who was a junior at the time, became a millionaire within three days.

Three months of part-time job ~ and a millionaire. The change in this is just a little bit of stock.

And such crazy things abounded at the time.

And the most ridiculous thing is that these guys really made money.

In the beginning, a small number of people who held Internet stocks made money, and then the media reported everywhere, which attracted more investors and pushed the stock price to continue to rise.

The wealth effect has triggered further word of mouth from the media and people. More people buy technology stocks, and the stock price rises further. Human nature is becoming more and more greedy and absurd under the ever-expanding wealth effect and media advocacy.

How absurd was the fad at the time?

It is said that many companies have discovered that they only need to add .com or internet to the name of the company, and then the stock price of the company will rise by 125% more than similar companies in the next few days.

The most exaggerated thing is that the real business of these companies has nothing to do with the Internet at all.

If these companies~ are considered decent companies anyway, then some companies are simply testing human IQ.

For example, there is a listed company called Global Network, which was originally founded by two young people in their 20s as an online message system,

The company has no income, and even the founders have no money to promote it.

But after this company encountered capital, everything became a bit unreal.

The business went public at $9 a share with the help of stock underwriters without any revenue.

And the most ridiculous thing is that the stock price of this company rushed to 97 US dollars as soon as it was listed.

You know ~ such a company would not even pass the audit investigation a few years ago.

And this kind of absurd thing, in the eyes of Chen Li, who saw the information at the time, estimated that one of them was a big joke!
But God knows how many such things happened in the early days of the Internet bubble?

To be honest~ When Li Chen read these messages in his previous life, he actually read them as stories and jokes.

But now he is in the year [-] when the dot-com bubble is approaching its peak, so Chen Li is a little tempted.

In fact, from the very beginning ~ even after meeting Ding Sanshi, Chen Li just thought about waiting for Wangnan to have a problem and go grab a handful of wool.

After all, the hundred-fold benefit of Wangnan's stock from US$0.64 to US$70 is too attractive.

Put one dollar in, and after more than a year, it becomes 100 yuan.

If you invest 100 yuan in, it can become 1 yuan.

But what if Chen Li poured 1000 million into it?That's almost one billion!
Of course~ this is just a hypothesis, the specific operation is certainly not so simple.

But what is certain is that Chen Li is really tempted.

But~ At that time, Chen Li didn't want to make a move at this time, until he went to America alone!
That's right~ that person is one of the founders of the newly established Penguin Studio and one of the original Fuji Xun Five Tigers
Old Zeng!

This guy~ was originally bought by Chen Li and sent to the United States to investigate the prospects and operating models of the e-commerce market.

At that time, Xiao Ma couldn't go to the United States because he was refused a visa, so he had to let Lao Zeng go there.

Brother Xiaoma also found an acquaintance for Lao Zeng, otherwise this old Zeng would be a hammer if he didn't know the place where he was born.

But it was the acquaintance Xiao Ma found that almost shocked Chen Li's jaw.

Because~ this acquaintance of brother Ma sold the house directly for the sake of stock trading!
When Chen Li heard this, he thought he had already guessed the ending.

It's nothing more than a failure in stock speculation ~ and then this buddy has nothing.

But the words that came out of Lao Zeng's mouth later brought Chen Li back to the scene of watching those stories during the Internet bubble period in his previous life.

After this guy sold his house, he invested the proceeds in the stock market, and all he bought were technology stocks.

Then~ in just three months, this buddy's house was changed from the single-family house that was sold before to the current apartment.

Don't get me wrong ~ this is not a step backwards, but a big leap forward.

The concept of a villa~ In fact, it seems to be relatively high-end in China. In fact, it really needs to be counted~ In countries with a small population in Europe and the United States, almost every household lives in a single-family building, which is what many people think of as a villa!
But in fact~ the difference between a single-family house building and a villa is huge.

Take that buddy as an example, his house is located in the suburbs of New York, and it is an old house, and the price is not too expensive.

But the apartment he bought~is located in a prosperous area of ​​New York. Just judging from the house price, the price is almost five times more expensive than the old house before!
And this apartment is only a 5-minute walk from the place where this buddy works~!

This is the gap~!And this gap~ is what this buddy earned in the stock market with the money from selling the house in the past three months.

And this buddy is extremely shrewd, the most intuitive manifestation is that he is not greedy.

After earning an apartment and a part of his savings ~ he got out of the stock market very smoothly.

Even though the stocks that he sold were still rising, he still didn't take pictures, but chose to get out in time.

In his words~ he thinks this is not normal~ it is so abnormal!

Indeed~ As he said, this is indeed very abnormal, in fact, this buddy is not as normal as he appears on the surface.

After all~ If you are a normal person, how could you choose to sell your house to speculate in stocks?

So~whether it's the stock market~or the stocks that are rising~and this buddy's behavior of selling houses to speculate in stocks
It's not normal!

So this buddy got away in time~ Even if he quarreled with his wife, he chose to get away.

But how many smart people are there like him?

Especially his rationality~ Chen Li dares to say that there are definitely not many people in this world who can achieve the level of this buddy.

Anyway~ Chen Li in his previous life definitely couldn't do it.

In the face of incomparably huge temptations, the greedy side of human beings will be fully reflected.

At that time, Lao Zeng told Chen Li about this incident as an interesting story, but Chen Li felt a little cold when he heard about it.

Of course~ He is not sympathizing with those crazy people who are about to lose everything. After all, the path is chosen by oneself, so naturally one has to bear the consequences.

He just felt a little sad for the absurdity of the matter itself!

But~ After mourning for a while, Chen Li suddenly felt his blood surge.

Because he discovered that the spokespersons of those capitals made a lot of money in this Internet bubble, so that's the case.
Why don't you take a bite yourself?