Chapter 2241 Enjoy the joy of company growth (Part 2)
The third thing I want to talk about next is the Airbnb company in which Xiao Qi controls 90%.
Different from the stability of LinkedIn, Airbnb has received countless praises and countless capital pursuits since its establishment.
Airbnb started to go online in March 2008. At the end of March, the angel fund dst wanted to invest 1 billion US dollars to invest 20% of the shares, but Xiao Qi directly rejected it.
In April, Blackstone Group once again made a request for mutual holding of shares with a valuation of US$8 billion, but Xiao Qi also rejected it.
Then, as airbnb made rapid progress, sweeping across North America, Europe, Oceania, Japan, South Korea, South America and other developed countries, by the Spring Festival in February, the number of registered users had exceeded the terrifying number of 3.5 billion!
Moreover, these users are not just those who registered dormant accounts. People in Europe, America, Japan and South Korea like to travel everywhere. Once they have such cheap, convenient and safe accommodation in addition to cheap air tickets, it will stimulate their backs even more.
Carrying a bag, willing to take the family out for fun.
Therefore, after the number of personal housing information exceeded 15 million, the records of successful reservations made by these people exceeded 3.8 billion times in just one year, which is far beyond the imagination of the market industry.
It is said that there is a financial crisis and people's wallets are tightening, but now it seems that airbnb has not been affected at all. During the Christmas and New Year holidays, a full 43 million order transactions took effect, which frightened everyone in the hotel industry.
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This has once again triggered the capital market's enthusiasm for the valuation of airbnb.
Many people are saying that as long as Airbnb can maintain such a strong momentum of development, it is likely to become the second Internet company in the world with a market value of more than 100 billion US dollars, just like Google back then!
The rapid development and success of airbnb has a lot to do with Xiao Qi's strategic planning.
First of all, Xiao Qi invested a huge investment of 1.5 billion US dollars in airbnb. It was 1 billion at the beginning, but because he was racing around to build more databases and better website effects. This money has been spent last year
It was all used up in October, so Xiao Qi injected another US$500 million into them.
Sufficient funds are definitely an important guarantee for the smooth development of a company in the early stage. With the support of Xiao Qi's infinite financial resources, airbnb can certainly develop well!
Then there is Xiao Qi’s emphasis on the security of airbnb, which is a short-term rental of individual rooms. Although most of the hosts are good and high-quality people, it cannot be ruled out that some individuals have ulterior motives.
Safety is the most important issue for travelers. Therefore, Xiao Qi has implemented very strict standards in the inspection, selection, and rating policies on the website. Only properties with credit, good attitude, and service account can be listed on airbnb.
Survive.
Even for these houses, Xiao Qi sent different specialists to verify and inspect them repeatedly to avoid the release of false information.
On the other hand, for those travelers, Xiao Qi will also rate the travelers based on the feedback from the hosts, so that their credit records can be seen by the hosts, so that the hosts can reject the guests who are not of high quality.
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Such a two-pronged approach and such careful care are the important reasons why more and more people use airbnb to book rooms!
Then there is another point: no matter how good the company is, if it has been losing money and has no actual profits, then no matter how good the concepts and ideas are, it is impossible for this company to be truly popular.
Airbnb's losses were really serious at the beginning. In the first half of the year, the monthly losses were as high as more than 1.3 billion U.S. dollars.
But by November last year, Airbnb had already entered a net profit state of US$1.7 million.
As the holidays in December and January continued to be popular, airbnb’s profits in these two months suddenly skyrocketed to 42 million and 31 million US dollars.
Although this is due to the traditional Christmas and New Year holidays, it can be seen that airbnb's profits are still very promising. After all, a large number of previous losses were based on horse racing and initial investment, and naturally there will be no need to invest so much in the future.
However, the income will become more and more due to the continuous fermentation of word-of-mouth and people gradually becoming accustomed to this new way of tourism, thus forming a strong money-making effect.
With such a good system, catering to the needs of countless tourists, and good profit expectations, airbnb is now valued at more than 12 billion U.S. dollars, far exceeding its previous valuation, which is reasonable!
Airbnb is different from Ye Ye. From the beginning, airbnb was destined to be held by Xiao Qi for a long time. Xiao Qi never considered any financing or listing.
However, many investment companies and angel funds still kept telling Xiao Qi their thoughts on Airbnb. In the final analysis, they wanted to get involved.
Even if they already know that Xiao Qi, who is famous for being stingy when it comes to shares, will probably not sell his shares in Airbnb, don't people in many of Xiao Qi's companies also buy shares?
Apple and Samsung have already obtained shares in a company that is so treasured as re, which proves that as long as the conditions are right, there is still hope of getting it!
If you don’t try just because it’s difficult, there will definitely be no hope in the end!
Therefore, there are countless calls from these people. Fortunately, Xiao Qi’s work mobile phone and office phone are held by beautiful secretaries. Very few people can directly find Xiao Qi to talk about this matter, which also reduces the number of calls for Xiao Qi.
Caused a lot of trouble.
Not to mention Xiao Qi, even Hoffman, who only holds 3% of the shares, and the management who hold a total of 7% of the shares have been harassed by major investment institutions.
On the one hand, they are very happy that their hard work has paid off, but on the other hand, they are very helpless that these people keep asking for purchases.
The so-called pain and happiness, that is to say, the current airbnb management and excellent employees.
When Hoffman called, Xiao Qi also discussed this issue with him again. Both of them were inclined not to go public for sale, but at the appropriate time, they would introduce some strategic partners or acquire some more potential ones.
A good company, that is a good way to keep airbnb full of development vitality.
Of course, the time is not now. US$12 billion is definitely not enough to reflect the value of airbnb. Even if Xiao Qi wants to introduce strategic partners in the next step, it will definitely have to be after the valuation of US$20 billion.
The other one is Dreamdve, a company that now occupies 78% of the commercial cloud storage market and is still expanding and developing.
On DreamDve, Xiao Qi had already spent 1 billion US dollars, and the third round of 500 million US dollars applications has been mentioned before the case, and this is not the last investment.
According to the estimates of the dreamdve team, it would cost approximately US$2 billion to establish a basic cloud storage center around the world, and then reinvest it every year based on operating conditions. Of course, it is not that much. Adding in the annual income, it is estimated that
It only requires an annual investment of two to three billion US dollars.
Of course, we are not making money now, and although our turnover is quite high, it will probably take at least two or three years before we start to turn a profit.
Don't look at how glorious it is that Dreamdive has a 78% share. In fact, the current overall cloud storage market capacity is less than one-tenth of that in 2013. So you can imagine that Dreamdve is now
How pitiful is the revenue.
The cloud storage market was also joined by giants such as Apple, Google, Microsoft, etc. Only after everyone works together can there be such a big market and everyone can make money.
So now you can know why European and American companies like to make the entire market bigger together, and then everyone makes money together - the market is so small, it is useless if you occupy 100%!
However, making money together means making money together, but who can earn more and whose market performance can be better depends on the early opportunities and investment, as well as the steady and steady performance after that.
The current direct investment of 2 billion US dollars is an opportunity. The concept of preconception is not only shared by Chinese people, but also by everyone.
Once everyone gets used to DreamDrive, and DreamDrive does not lose its chain in the future, then even if there are so many giants competing, DreamDrive will still occupy a large share in the cloud storage area, achieving Xiao Qi's original goal
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Of course, Xiao Qi is not that concerned about the pure cloud storage market, because it really lacks technical content. In the future, the threshold will be lowered, more companies will join in the competition, and then we will enter the era of small profits.
If appropriate, he can also sell the dream date when the market is at its most prosperous.
I dare not say more, but what Xiao Qi did is definitely better than the original drop wave. The market value of drop wave can exceed more than 10 billion US dollars, so the market value of dreamd day ve can also rise to at least 15 billion to 20 billion US dollars.
Compared with the two to three billion US dollars invested, a return of about 700% can be obtained in about three to five years, which can be regarded as a cost-effective business!
Working in the network electronics industry in the United States is indeed a very wise choice! (To be continued)
ps: airbnb is stealing jobs from small and medium-sized hotels, and uber is grabbing jobs from taxis. As a result, uber is about to be doomed here. I think in the future I will only write about uber in Europe and the United States.