Recently, the author posted an interview video about the founder of Xiaomi'Lei Jun' on a certain sound. In the video, Lei Jun said: "When Xiaomi did nothing at first, everyone had already given us a valuation of 1 billion US dollars." . In other words,
is: when Xiaomi was founded and nothing was done, my name, Lei Jun, was worth $1 billion!
Of course, for others, this may be bragging, but for Lei Jun, there is nothing wrong with it!
Because at the beginning of the establishment of Xiaomi, he already has such a "worth"!
Lei Jun, born in 1969 in Xiantao City, Hubei Province. Like many successful entrepreneurs, Lei Jun was a "child of other people" when he was young.
In 1987, Lei Jun was admitted to the computer major of Wuhan University! After entering the university, Lei Jun was very strict with himself. It only took two years to complete all the credits and even the graduation project of the university.
And he is almost obsessed with his profession! He is the student with the highest level of programming in the class, and he can even participate in the writing of textbooks by professors. Later, he also gave a speech at the National Youth Computer Society and publicly shared his research results!
In 1992, after graduating from Wuhan University, Lei Jun went to "Jinshan Company". From 22 to 38 years old, Lei Jun kept his 16 years of youth here!
We all know that the chairman of Jinshan, "Qiu Bojun", used to hide alone in a rental house. It took a year and two months to write 1.28 million lines of code to create China’s earliest Word processing software-WPS.
At that time, the penetration rate of computers was still very low, but WPS sold more than 30,000 sets a year. You know, what a big deal this was at the time!
So, the first batch of outstanding programmers in China joined Jinshan, and Lei Jun was among them! It didn't take long for
to quickly occupy 95% of the market.
But to do software in China, you have to face rampant piracy!
However, Qiu Bojun is not cold about this. He believes that career has nothing to do with money. His ideal is to run Kingsoft on every computer!
However, the ideal is very plump, the reality is very skinny! Soon, Microsoft will aggressively enter the Chinese market with its word! In order to kill Qiu Bojun's WPS, Microsoft even indulged the rampant piracy.
For this world-class giant from the West, there was still a saying in the industry at that time: under Microsoft, there is no grass!
Soldiers are coming to block, the water is coming to cover, facing the challenge of Microsoft, I ask you not to choose!
In order to meet the challenge of this Western giant, Jinshan has done its best! However, Kingsoft’s efforts did not get a good result. With the release of Windows 95, WPS users began to transfer to Word in large quantities. 1996 was a landmark year for Microsoft to successfully win the Chinese market. However, it was also the darkest year for Jinshan! The
company almost went bankrupt!
At the time when the company was in its most difficult time, there were only a few hundred thousand yuan on the account, and there were only a dozen employees left.
It seems that all the practitioners in the software industry in China have lost their dreams this year, and Lei Jun also asked Qiu Bojun to resign, but he did not succeed. In the end, he was stayed and Qiu Bojun gave him 6 months vacation!
During these 6 months, Lei Jun turned out to be dancing every day, relying on deafening music to cover up his inner collapse...
And at this time, facing the "difficulty of living" Qiu Bojun, Microsoft even gave He offered a sky-high annual salary of 750,000 US dollars, but Qiu Bojun insisted on sticking to the banner of Chinese national software.
Six months later, Lei Jun officially returns!
However, at this time, after Microsoft's fierce offensive, Jinshan has become a broken wall!
But Lei Jun didn't give up. He took the damaged troops and fought around, launching Kingsoft PowerWord and Kingsoft Haze! These softwares have been sought after by the public once they came out, and finally succeeded in helping Jinshan see the dawn of hope when the mountains were exhausted!
how much money they will makeAlmost all invested in the development of the new version of WPS, Qiu Bojun even sold his own house for this! Z1z
's WPS at this time is like a huge gold swallowing beast. Although not many people can predict whether it will make money in the future, Qiu Bojun and Lei Jun always believe that it will succeed. In the second year of
, once the new version of WPS was launched, it became popular among the public.
Later, Lei Jun returned to his alma mater Wuhan University to give a speech. When talking about the fierce battle with Microsoft, he shouted: "I will use the next ten years to make a big bet with Microsoft."
In 2007, Kingsoft was officially listed on the Hong Kong Stock Exchange!
When everyone was cheering for the listing of Jinshan, Lei Jun chose to resign from the rapids and resolutely resigned as CEO. Despite asking Bojun to stay, but Lei Jun's heart to leave is determined, and no one can change it!
Lei Jun left Jinshan and became an angel investor.
From resignation to the founding of Xiaomi in 2010, Lei Jun has been investigating closely in the past three years, thinking about new industry opportunities, and watching the new era!
Finally, the hard work paid off, and he really found this tuyere-mobile phone!
We know that there were two main mobile phones in China at that time, one was an international brand represented by Nokia, and the other was a cheap copycat version.
The former is very competitive, and of course the latter's strength should not be underestimated. According to records: In 2008, the shipment of Chinese copycat mobile phones reached 101 million, and in 2009, it was as much as 1.4 Billion.
But the third party besides these two mobile phones-domestic mobile phones, basically has no sense of existence!
Gradually, Lei Jun began to have a new entrepreneurial idea in his mind:
"To make a domestic brand mobile phone, use the best flagship chip, the best screen, and all the hardware with the best performance top configuration, and then carry a high degree of customization and experience. Excellent software operating system. In terms of price, it is necessary to pursue the ultimate price-performance ratio and closely follow the cost pricing. Finally, use efficient e-commerce channels to replace intermediate links, which is the so-called "no middlemen make the difference." Send the product directly to the user!"
This is the famous "triathlon" model of Xiaomi later, namely: hardware, software and the Internet;
in 2010, the foundation of these three elements is basically available! The founding of Xiaomi is here!
However, Lei Jun also knows very well that mobile phones are a heavy research and development industry and require a lot of capital investment.
Finally, when Xiaomi was founded, Morningside Capital made the first round of investment, with an investment of 5 million US dollars. Immediately afterwards, the founding team of Xiaomi gave another 5 million US dollars, including 4 million US dollars from Lei Jun and 1 million US dollars from other investors.
At the beginning of the business, Lei Jun’s founding team had a financing amount of US$10 million, valued at US$25 million. In fact, when Xiaomi didn't do anything, everyone valued it as high as $1 billion.
So Lei Jun said in the interview: Xiaomi has a valuation of 1 billion US dollars when it does nothing. This is actually understandable. Therefore, many netizens also commented: "It is true, he did not brag"!
Of course, the biggest reason for this is Lei Jun’s previous experience in Jinshan, and the second is to make domestic brand mobile phones, which is indeed the industry of the year.
Of course, in fact, these contents are detailed in the official biography authorized by Xiaomi, released at the 10th anniversary commemorative meeting held by Xiaomi on August 11 this year. We are here for reference. This is written. The book
describes in detail Xiaomi’s 10-year growth experience, and explores why this company was founded 4 years ago, and its valuation exceeded 45 billion U.S. dollars to become a super unicorn. It only took 3 years to win China Smart The number one market share of mobile phones.
And on this road to the world’s top 500, Huawei’s founder Ren Zhengfei has gone for 23 years, Hangzhou horses have gone for 18 years, Guangzhou horses have gone for 19 years, and Xiaomi’s Lei Jun only took 9 years., To become the youngest global Fortune 500 company.
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