The Millennium Semiconductor Survival Guide

The electronic payment battlefield can be said to be the cruelest battle in the entire Internet segment, and the final winner must have an extremely strong management team.

Regardless of Huaguo's Alipay team, WeChat payment team, or Paypal abroad.

Now NewPay's main competitor, Paypal, has a list of founders, all of whom are well-known figures in Silicon Valley now or later.

Needless to say, Musk, Peter Thiel was the first external investor of Facebook, Roulov Botha was a partner of Sequoia Capital later, Steve Chen, Chad Hurley and Javed Karim were YouTube investors. the founder.

In NewPay, only Louis is famous. Louis von Ahn is a master of technology, not a managerial talent.

Zhou Xin didn't know what Warren Johnson's level was.

As a Chinese, even though he has studied in American for many years, he is not clear about the famous people in Silicon Valley.

It's like the people of Huaguo know that the CEO of station b is Chen Rui, but they don't know who the founders of YouTube are, and they don't even know that YouTube was sold to Google.

Judging from the information given to Zhou Xin by the headhunting company, Warren Johnson has been the chief financial officer of NBC and Delta Air Lines respectively.

Without this opportunity given by Zhou Xin, Warren Johnson would have been engaged in financial work, and after working at Amazon until 2002, he jumped to EA Games as the chief financial officer.

For Zhou Xin, the biggest advantage of finding Warren is that he has been working in finance for many years, and he is the chief financial officer of Amazon. Amazon has electronic payment software.

From regulatory acquaintance to a wealth of connections to management experience, Warren Jensen is an excellent choice.

The more technologically underdeveloped the era, the more stringent the regulatory requirements for the electronic payment industry.

At the technical level, there are mature solutions on the market, and the technical team led by Louis can also implement these solutions.

But meeting the requirements at the regulatory level depends not only on technology, but also on personal connections.

Well-connected and with regulatory approval

Jason didn't think long about going back. About three days later, he replied to Zhou Xin, expressing his willingness to join NewPay.

"Boss, I am willing to work with you, and I also have a complete set of ideas about what NewPay will do in the future.

The markets we are currently targeting are mainly American and the Europa League, as well as the two East Asian countries of Neon and Korea.

I know you are from Huaguo, but Huaguo is still in its infancy in the Internet field. The infrastructure has not yet been perfected, and there is no license for private enterprises other than open banks to enter the field of electronic payment. "

After Huaguo received the first edition of electronic payment guidelines issued by the People's Bank of China in 2005, non-governmental electronic payment companies were established one after another.

Alipay, Tenpay, and Lakala were all established around 2005.

"Besides American, the most important thing at the moment is the Europa League market.

Long before the establishment of the Central Bank of the Europa Union, their joint banking institution was also called the Europa Monetary Institution. As early as that time, the Europa Monetary Institution began to issue electronic money institution certifications to enterprises.

After obtaining the electronic money institution certification, we can carry out the electronic money payment business.

That is to say, users can store money in our electronic account, and then perform remittance transfer, online payment and shopping, and withdraw cash from bank cards through the electronic account.

Of course, the certification of electronic money institutions also has various constraints, such as no deposit guarantee, and the inability to provide borderless execution of payment transactions.

But for our current business volume, electronic money institution certification is enough.

I've studied the user composition of Riot Games, and we have a lot of Europa League users.

The Europa market is very important to us, so I plan to obtain an electronic payment license from American and apply for electronic money institution certification in the Europa Union region at the same time.

Let the heads of the compliance department and the risk control department be responsible for this matter."

This is the advantage of finding a financial professional with rich experience in the industry. He is familiar with the regulatory requirements of various countries and subdivided fields, and at the same time has his own thinking about the field of electronic payment.

Even if Zhou Xin came from 20 years later, can he know the regulatory requirements of the Europa League and American for electronic payment? Can he know that Huaguo's electronic payment is not open to private enterprises?

Obviously not.

Professional fields need professional people to do it.

Purely from the specific execution level, Warren Johnson must be much better than him. Zhou Xin is very satisfied with Warren Johnson after listening to it. At least from the thinking level, he is better than Suzy Dink.

"Our current risk control department and compliance department are integrated.

After you come here, you need to recruit people. I will give you the right to recruit people. Except for the technical department, you will be responsible for the people in other departments. "

Can use Warren Jensen's network to recruit people, not even headhunters.

The most important thing in the financial field is business and risk control, and compliance is part of risk control.

It's just that electronic payment is special, and compliance needs to be a separate department.

Warren knows a lot of good enough risk control and compliance talents, and he feels relieved after hearing this. The core department is the person he is looking for, and Zhou Xin will have to weigh it if he wants to kill him later.

When Zhou Xin and Warren Jensen reached a cooperation agreement, Yahoo, also in Silicon Valley, was holding a press conference, chaired by Jerry Yang himself.

"Yahoo is sorry for everything that has happened recently, putting Yahoo in a passive position due to the arbitrariness of a few executives.

Yahoo is unwilling and will not be a company that plagiarizes the content of other companies. This is an accident. Yahoo will punish the executives who make specific business decisions.

For Yahoo, we hope to build a deep and lasting relationship with our users, but the process of building this relationship is bright and open.

For this, we sincerely apologize to the Riot Electronics community, and will place a link to the Riot Electronics community on the Yahoo homepage for six months as our way of expressing our apology."

When Susie Dink saw the news, he knew it was posted. The next thing they needed to do was to expand the server and network bandwidth.

Susie Dink will not underestimate Riot Games just because they beat Yahoo in public opinion this time.

At this time, Yahoo's market value was close to 100 billion U.S. dollars, and it was the first choice for Internet users around the world to access the Internet.

Yahoo's homepage is equivalent to a combination of Baidu and hao123. There is a search box on the top, and a search button next to the search box.

Then there are two rows of links below, mainly Yahoo's own secondary pages, including art and human beings, news and media, business and economics, and so on.

Yahoo News in every niche.

In the upper right corner is Yahoo's mailbox, and in the upper left corner is their instant messaging software.

With Yahoo's traffic blessing, this is undoubtedly a qualitative leap for Riot Games.