novelones Chapter 249 I, Wang Lei, will definitely make this money, the financial crisis in Mexico
Chapter 249 I, Wang Lei, will definitely make this money, the financial crisis in Mexico
After hearing Clark's rebuttal, Robert smiled secretly.
Every word is heartbreaking, seemingly reasonable and impeccable, but it actually makes the boss frustrated at times.
Of course Wang Lei felt aggrieved. Even if he confessed that he was the manipulator behind Cayman, the other party would probably treat it as a joke.
"Does the boss want me to teach him a lesson?"
“No need, you will lead his first round of financing.
Then I will let Blackstone Group join in the second round. No matter which party of capital intervenes, we will follow the investment and guarantee to own half of its share. "
Robert couldn't help but trembled. It was rare for a boss to be so concerned about a small company, but without exception, it ended up becoming a cash cow for the group.
Will Netscape become the next unicorn?
Thinking of this, Robert also became serious:
"Okay boss, are you... so optimistic about the Internet?"
"The Internet will definitely become a highly sought-after object on Wall Street. Whether Cayman Capital can become a top four investment bank depends on whether it can seize this rare opportunity."
Robert did not expect that his boss would be so optimistic about the emerging industry of the Internet.
As a senior industry veteran, he naturally sees that this industry is profitable, but it is far from the point where he must invest in it.
Wang Lei's words made him realize that there were opportunities in the Internet that he had not yet seen.
"Boss, profitability has always been the top issue plaguing Internet companies. There are thousands of users but they cannot be converted into considerable profits..."
"I know this too Robert, but what does this have to do with us?"
Robert couldn't help but be shocked. Yes, they are bulls. Their original intention is to speculate on the Internet concept and make profits in the financial market.
As for how the Internet will develop in the future, it has nothing to do with them.
"I understand. When there are more Internet bubbles, we will go short again. Hehe, I am familiar with this job."
Seeing that Robert had learned to draw inferences from one instance, Wang Lei smiled happily.
"So Cayman Capital wants to invest in some Internet start-ups, and invest more in those that are developing rapidly."
"By the way, don't be reluctant to spend money!"
The reason for this entrustment is entirely because investing in the Internet is a money-burning thing.
First of all, you have to have someone program it for you. Many founders are first-generation technicians who write code, but this kind of high-intensity mental work is definitely not something that one or two people can sustain for a long time.
Even if you shaved off all their hair, they still wouldn't be able to complete such a brain-intensive task.
Then we have to recruit people. The problem is that the Internet has only been developed for a few years now. Technicians are a rare breed. Those who have some skills have started their own businesses.
Things are rare and valuable, and programmers have suddenly become a high-paying profession.
The annual salary is easily 9 or 10 US dollars...
Some interns who have not yet graduated can receive a monthly salary of more than US$5000.
Even so, there is always a shortage of technicians. Some small companies that have just started out spend a huge amount of money on salary every month.
In addition to exaggerated salary expenditures, various Internet companies also like to develop various corporate cultures that are unconventional.
Maybe it’s because there are more young people, and nerds will spend a lot of money having fun.
An endless stream of extravagant parties have become a cultural symbol of Internet companies.
When the company receives capital injection, a party is held, the company's project department is established, a party is held, and even when the product is launched, a party is held to celebrate.
Internet industry parties are not about buying a few pizzas, drinking some drinks, and dancing around the DJ.
In addition to all kinds of exquisite and luxurious buffets, the biggest expense is all kinds of drinks. Perhaps because it is so close to Hollywood, some stars are even invited to visit.
When Silicon Valley was at its busiest, more than 20 such expensive parties were held every week.
However, the above costs are still small amounts of money. The value of the early Internet was all reflected in the number of users and user growth.
Everyone is in the same track, why do you get more investment?
Regardless of profits, we are still good friends. Even if we really want to compare, we are all at a loss.
It relies on a large number of users and rapid user growth.
If you want to achieve the above two goals, you need to put in a lot of advertising and spend time on promotion.
Anyone who is involved in advertising knows that burning hundreds of millions of advertising dollars a year is trivial.
Therefore, Wang Lei emphasized this sentence.
Robert nodded doubtfully.
"Next year will be the first year of the Internet. Just watch, Netscape will definitely create a miracle in Silicon Valley after it goes public!"
"What about Clark rejecting you?"
"Haha, I won't be angry with him. Netscape's peak is also its death day."
Microsoft will soon discover the potential of the browser. Netscape will be unable to resist the fate of such a giant. After the birth of IE1.0, browser users have defected to Microsoft.
Until 1998, Netscape was acquired by AOL for US$42 billion, which is America Online.
One of the most suitable targets for short selling in Wang Lei's eyes.
Robert heard some hidden meanings. The boss seemed to have predicted that Netscape's decline was inevitable.
Just when he was stunned, Wang Lei asked:
"Robert, how are things going in Mexico?"
“As you command.
We have borrowed 60 billion pesos (Mexican currency) from several major banks in Mexico and converted it into more than 20 billion US dollars in three months! "
At this time, Mexico, like most countries, had a fixed exchange rate tied to the U.S. dollar.
The upper limit for the peso against the US dollar is 3.0520.
After the Sakurajima bubble, a large amount of foreign capital partly poured into other countries in Eastern Asia, and partly into Mexico, the neighboring country of Beautiful Country.
A large amount of capital entered the Mexican market, making the Mexican financial market unprecedentedly prosperous.
The word "unprecedented" means bubble. Facts have proved that the uncontrolled introduction of foreign investment is not a good thing.
Of course, the Mexican authorities, who had no experience of previous experience, did not realize that this was a bad thing.
In just four years, nearly 93 billion US dollars of foreign investment have been introduced, and more than 300 billion US dollars have been introduced in the past [-] years.
Mexico's financial deficit has also steadily increased from 38 billion to 295 billion US dollars!
In economics, this is called a current account deficit.
The Mexican authorities are still complacent about this, feeling that their country has unlimited potential and is favored by capital.
Little did he know that a disaster was about to strike at the end of 94.
The current account deficit directly results in imports being greater than exports.
To import, you need to convert local currency into foreign currency, so overall the market is selling local currency and buying foreign currency.
If the currency is sold too much, it will depreciate.
However, Mexico implemented a national exchange rate at this time, and even if it fell, it was controlled within a very small space.
At this time, problems and contradictions arise. The peso, which is supposed to depreciate significantly, is locked by the national exchange rate. The peso's exchange rate has been greatly overvalued and is greater than the actual exchange rate.