Chapter 1502 Earth Plan and Seedling Plan

Originally, the signing ceremony was highly valued by the global media and the Internet industry, but when Li Mu announced the open platform strategy of Muye Technology in his speech, the world's attention to Muye Technology once again rose to an unprecedented height.

After the signing ceremony, Muye Technology soon officially released the "Muye Technology Open Platform Earth Plan" and the "Muye Technology Mass Creation Support and Breeding Plan".

Muye Technology's definition of the earth plan is to build the entire ecology of Muye Technology into a soil that can be shared by the whole industry, like the earth, to accommodate and cultivate various trees and crops.

Muye Technology's definition of the seedling plan is: wholeheartedly cultivate innovative enterprises in the Internet industry, not only to provide perfect soil, fertilizer, and rainwater for industry rookies, but also to escort the development of rookies.

Among them, Dadi plans to immediately open the access of small games on the yy game platform in the first stage. All game companies that are formally registered and have one or more original or exclusive copyrights can apply to become the p of the game platform, that is, content providers. After the application is successful, you can upload the game according to the requirements of the yy game platform, and the review team of the yy game platform will review and score the game.

yy has also opened yy network "self-media" access at the same time. Any adult individual, formal enterprise, or studio can apply for a self-media account on yy.com, and then freely create various information content that complies with laws and regulations. It is entered into the information content library of yy.com, and is promoted to different users according to the independent algorithm of yy.com. The owner of the self-media account can obtain a share according to the number of page views of the content and the number of advertisement clicks on the content page;

In addition to the game platform and yy.com, the decoration materials of yy space are also fully open to third-party designers. Individuals, regular enterprises and studios can apply for registration, and upload original decoration materials that meet the requirements of the platform. These materials will be published in The yy space mall is available for sale, and the sales proceeds will be divided with the creator.

In the first stage, three platforms were opened, which made the outside world immediately see the sincerity of Makino Technology, especially the yy game platform. Currently, the daily recharge turnover worldwide has exceeded 70 million, and it is still growing rapidly. , of which the overseas market accounts for about 0%. This year's revenue base of more than 20 billion will definitely attract game development teams from all over the world to join wildly. By that time, the number of games on the yy platform will surge, as long as yy itself Do a good job of checking, and only select excellent games to promote to users, and the platform's attractiveness to users will rise to a new level in the future.

For a time, the whole world was amazed by the courage of Makino Technology.

And Li Mu paid more attention to the seedling plan. He decided to spend at least 5 billion yuan every year for project investment in the Internet industry. From the angel round to the financing of each stage in the later stage, Muye Technology is willing to participate, as long as the project is good enough!

As far as picking up the point team,

A high-level team that has created a new industry model, plus an industry-leading platform, sold only 2 million US dollars, 5 billion RMB. I don’t know how many such teams can be invested and acquired, and 5 billion RMB is invested every year. , It seems that this expenditure seems to be very huge, but in fact, this expenditure is very cost-effective. In two or three years, most domestic Internet companies are either directly held or controlled by Muye Technology, or indirectly controlled by Muye Technology fund holdings.

Moreover, if Li Mu is willing to distribute the dividends of his investment, he can use these billions of RMB to cooperate with banks and other funds. With a little leverage, he can at least activate 20 to 30 billion yuan of funds.

The way for individuals and enterprises to apply for investment in the seedling program is also very simple. The seedling program has opened its own page on yy.com: yuia.yy. After entering the page, you can directly apply for project investment. To classify applications, the main data is the applicant's valuation of its own projects and the amount of financing.

Muye Technology has divided the project into five grades: abd. The lowest grade is the application for investment amount below 500,000 yuan, or the total project valuation is below 5 million yuan; the d grade is the application for investment amount in the range of 500,000 to 3 million yuan. , or the total project valuation is in the range of 5-30 million; the level is the investment amount of 3-0 million, or the total project valuation is 30 million-billion; the b-level is the investment amount of 000-100 million, or the total project valuation is 100 million- 000 million; A-level means that the investment amount is more than 100 million yuan, or the total project valuation is more than 000 million yuan. If there is a conflict between the investment amount and the valuation amount, the investment amount shall prevail.

According to such five gear settings, the projects applying for investment can be screened and classified according to five different meshes, each gear corresponds to at least one investment team, and then an investment committee is set for the entire seedling plan, no matter which gear The projects of each team, after passing the evaluation of their own team, will be reviewed by the investment committee, including Li Mu and all the core executives of Muye Technology are members of the committee. In most cases, they do not participate in the meeting. Review, but if there is a major project, each of them is likely to be involved.

As soon as this seedling plan came out, domestic Internet entrepreneurs seemed to see spring all at once.

In this era, Huaxia has just joined the WTO, and the domestic capital game has just begun to be in line with international standards, but this is like the intersection and integration of two ocean currents, and it will take time to promote it step by step. Therefore, at this stage, the capital operation of domestic enterprises There is still a big gap between the model and the international capital field. The most obvious one is that China has not yet cultivated large-scale venture capital institutions.

If there are not enough venture capital institutions, a mature investment market cannot be formed. Take Silicon Valley and Zhongguancun as examples. If someone in Silicon Valley wants to start a business, no matter whether the financing is successful or not, as long as he takes out a BP, at least he can see Dozens of investment institutions and dozens of investors, and then tell each other about their project plans a little bit, and try to persuade them, but in China, if an entrepreneur wants to raise funds, he can think of any investment institution with one hand. After counting, there were almost no investors he could think of.

At present, domestic formal venture capital institutions are basically funds newly established by overseas capital in China. For example, Sequoia is one of them. However, there are no real angel investors in China except Li Mu.

A qualified investor in the Internet industry needs to have the following conditions: first, have money; second, understand the Internet; third, know how to not interfere with operations; fourth, can afford to lose.

At present, there are many rich people in China, but most of them are from the real economy. Some of these people meet the first condition. If an Internet company takes money from such people, it is very likely that the other party will interfere with the operation. , and because the other party does not understand the Internet, it is likely that they cannot wait for long-term returns, and even the other party will take anger at the entrepreneur because they cannot afford to lose.

Li Mu had a colleague who went to start a business in his previous life, but he got an investment from a rich second generation. After the other party gave the money, he thought he was the uncle. After losing one or two million yuan, the rich second generation became angry and said that he would kill his colleague. In the end, his colleague could only escape from Yanjing overnight, and went south to the Shenzhen market to start anew.

In this economic environment, it is really difficult for Internet people to raise funds. This is why several Internet giants in the early days of China Xia Dynasty took all overseas capital when they really raised funds.

However, how can overseas capital be so easy to obtain? More than half of the entrepreneurs may not be able to get a visa to go to the United States. Even if they do, they may not be able to afford a plane ticket to the United States. Isn’t it difficult to let him go to the United States to invest?

Well now, now there is an investment institution that fully meets these four conditions, and it is not from overseas, but from the mainland, and it has at least 5 billion investment every year, which is really important. Even if the four conditions are met for small funds, there are only 100 million yuan in total, and this 100 million yuan is gone. Moreover, in order to ensure the rate of return, they often invest in multiple projects and share the risks. In this case, they can maximize their potential. The projects involved, that is, about 10 million yuan, are completely incomparable with Muye Technology.

When the seedling plan was launched, Li Mu was ready to regard Qiqi as the first company invested by the project. He called Li Ziwei and asked her, "Did the founder of Qiqi leave you contact information at the last signing ceremony? "

"Yes." Li Ziwei said, "We exchanged phone calls, emails and YY."

Li Mu nodded and asked again, "Did he send you BP?"

Li Ziwei replied: "I talked to him about the BP. His previous BP was a bit rushed, so he needs to prepare again."

Li Mu smiled slightly and said, "Contact him and tell him to stop doing BP. Muye Technology is willing to invest in his 30 million yuan A round, accounting for 5% of their shares. Of the 30 million yuan, they are allowed to do so. The founding team will cash out 0 million, but the condition is that all team members participating in the cash out must sign a three-year bundle agreement and a three-year competition agreement with Muye Technology.”

Three-year bondage and three-year competition means that first, the person must work in the project invested by Muye Technology for three years before leaving. If he leaves after three years, he must also accept the three-year competition agreement restriction. , not in the same industry as the starting point.

This condition may seem harsh, but it is the investor's greatest protection for the project, because in Li Mu's eyes, everything is people-oriented, a product or platform, if the founding team leaves, the soul will be gone.

Moreover, in order to make up for his harsh "locking people" agreement, Li Mu gave extra generous capital conditions.

The starting point is based on the historical trajectory. When they were packaged and sold next year, they only bought 2 million US dollars, which is equivalent to about 17 million yuan. If they calculate the lowest transaction price they can accept now, it is estimated to be between 0 to 0 million yuan. up and down.

But now, Li Mu directly gave an investment of 30 million yuan, accounting for 4% of the shares. In this way, his actual valuation of the starting point reached 520,000 yuan. Most importantly, he allowed the founding team to cash out 0 million yuan. , which almost immediately buys the entire starting point.

To make a business of 0 million to 520,000, Li Mu is not stupid, and it is not that he does not treat money as money, but he not only needs such a network project to be integrated into the yy network structure, but also needs a project to make the seedling plan the first shot. , and more importantly, giving the team a generous return on capital and leaving them with 4% of the shares can keep the team for a long time.