Rebirth of a Turbulent Life
Jiang Yizhou was feeling a bit irritated, and his tone became increasingly harsh.
Hastings sensed his meaning, hesitated for a moment, and finally made up his mind, "Jiang, I know what I need to do! I'm still very glad to discuss so much with you!"
"If you encounter difficulties, you can come here or call me! An entrepreneur like you who can create a complete plan is worth investing in. Don't feel inferior; I've seen too many startup plans that are just impulsive decisions without any real planning or research.
Although DVD rental is an existing industry, utilizing the Internet to reduce costs and improve the business model is also a good business idea and much more stable!"
The short-term return on investment may not be as flashy as those internet companies that boast about rapid financing, burning cash, going public, and cashing out in one go, but Jiang Yizhou naturally didn't express these thoughts.
Now Hastings felt much more at ease, at least knowing the reason why Jiang Yizhou was investing in him (a reason he had just made up). After expressing his gratitude to Jiang Yizhou, he planned to leave.
"I have an idea that might exceed your plan; I wonder if I should share it?" A thought suddenly popped into Jiang Yizhou's mind.
Hastings felt somewhat helpless. I came to you for creative consultation, and you taught me to be practical. Now you're coming up with ideas? Isn't this playing with me?
He had just gotten up but sat back down again, appearing eager to listen.
"Oh, that's great! Jiang, what idea do you have?"
Jiang Yizhou pondered for a moment on how to phrase it; after all, it was a new concept that needed clarification.
"Membership cards; you should be familiar with them! Many sales industries have membership cards. Since you've moved DVD rentals online, you can also move membership cards online and implement an online membership system! As for how to promote it, you can completely refer to offline activities."
What Jiang Yizhou was actually suggesting was online payment. However, this concept had not yet become popular. The idea of an online membership card essentially equated to a non-withdrawable account used solely for the current company's products.
Hastings fell into deep thought; this was indeed a good idea. However, its feasibility still needed analysis. Although it could alleviate financial pressure, the online DVD rental service had not yet launched, making the online membership card business seem quite distant.
"I will seriously consider it, but for now, let's focus on launching the rental website first!"
After Hastings left, Jiang Yizhou held his cup and sighed with some boredom, hoping he could seize this opportunity.
He didn't really know much about Peter Thiel, but Hastings was quite to his taste; at least he was very organized and not the flashy type.
Moreover, membership production was the future direction for Netflix. Initially, Netflix charged per rental, and it wasn't until the second year of operation that they implemented an unlimited, no late fee monthly subscription model, which allowed them to capture a significant market share from Blockbuster, the giant in the video rental industry.
In short, he just gave Hastings a reminder and left the rest for Reed to explore on his own.
...
"Mark, look at this!" Hastings proudly waved the check in front of his partner.
Sitting at the computer desk, Mark Randolph looked at Reed with a tired expression. "Just say it!"
"The Tony Jiang I met at the party invested five hundred thousand dollars in us! The money is already in my hands!" Hastings exclaimed happily.
"Reed, can you keep it down? Didn't we agree on this before? What's so surprising?" Mark Randolph was still working overtime and felt a bit sluggish; he couldn't understand why Reed was so excited about something that had already been settled.
"Mark, isn't it a good thing that venture capitalists are optimistic about us?" Hastings remained immersed in his excitement.
"Of course, I've regained my confidence!" As for Jiang Yizhou's somewhat unreliable suggestion, it would be better to wait until he had perfected the DVD online rental before considering it. It was just something that couldn't be accomplished right now.
There were still many areas to explore in DVD online rental: how to leverage online advantages and how to attract enough users. This was what he needed to focus on in the short term.
...
"Director Li, why don't you take a break? I can handle things here."
Li Yue waved her hand at her subordinate and continued interviewing job applicants for Yahoo China. Although she was young, no one looked down on Director Li.
The success of Qihang Network was partly due to her efforts. At Zhengyi Technology, she was also a key player. This time, when the parent company and Yahoo jointly established Yahoo China, she was assigned here to oversee human resources.
Although Yahoo China bore the Yahoo name and utilized Yahoo's technology and resources, that was all; they did not interfere in Yahoo China's management. Instead, following the collaboration model with SoftBank, they handed over operational control to local partners—Zhengyi Holdings.
Thanks to the reputations of Zheng Yi and Yahoo, building the company framework and recruiting personnel went smoothly. However, personally speaking, she still lacked experience to maintain the company's operations temporarily.
In short, Yahoo China lacks a leader, while Jiang Yizhou is still in the United States. Xu Xin, the investor responsible for liaising with Yahoo, is also in the U.S., which makes it quite challenging for Li Yue to hold on. Fortunately, she is not alone; Zhang Xiaolong has also been temporarily assigned to oversee the development and improvement of the Yahoo Chinese portal website.
Moreover, Yahoo China is still in its preparatory phase. Li Yue gritted her teeth and managed to persevere, as this is also a threshold for promotion.
After finishing today's interview work, Li Yue lay back on the sofa during her break, appearing rather indifferent.
It had been a while since she last visited the internet café. Although it was still in operation, being this busy made her finally understand why Jiang Yizhou wanted to sell the Training Class back then.
She simply couldn't manage it, and it wasn't an industry she liked. Her only concern was where to place Jiang Qingyu and her daughter.
These two were indeed difficult to arrange due to the complicated relationship with the Jiang family. It was better to consult Godmother and let her decide.
Thinking of this, she suddenly remembered the woman currently living in Jiang Yizhou's residence. Although Godmother often criticized her, mainly for her age, she still visited frequently due to her pregnancy. Jiang Yizhou's attitude had also changed dramatically because of the child...
How unpredictable life can be!
After finishing work, Li Yue walked out of the headquarters of Yahoo China and saw Lin Yi waiting outside. A hint of disgust flashed in her eyes.
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