Chapter 132
Pangea system
Earth Resource did not have a set office hours.
There is also an impact of working from home due to corona, but basically left it to the autonomy of the employees.
“hello.”
“Good morning!”
It was after Kim Shin went to work at the company.
Female employees who were working from home dressed up beautifully and went to work.
Oh Myung-woo looked at him and nodded his head.
“This is the Kim Shin effect!”
A term often used in the stock market.
When stock prices fall or there are concerns about inflation, articles say the Kim Shin effect.
At Earth Resource, female employees came to the company due to Shin Kim’s work.
* * *
After a long time coming back to the company, I felt that the space was small.
General employees work autonomously, but developers work overtime as if they were eating.
It was crowded with employees from early morning, and there were not many good restaurants around the building.
How important is the lunch break to office workers? … It was unacceptable.
“Jong-yeop, is the San Francisco office building you asked me to look for still far away?”
“The Earth Channel’s content division is moving to Los Angeles, so can we delay it a bit?”
“why?”
“In San Francisco, real estate prices are brutal, so buildings are really expensive.”
“okay? How much do you do?”
Lee Jong-yeop visited real estate officials whenever he had time, but he said he had not yet found a suitable building.
“A new 25-story building nearby sells for $2.2 billion.”
“It is expensive.”
“Yes. It’s pretty big though. It hasn’t been more than three years since it was completed.”
It was this much that the price fell because investors were turning away from commercial offices because of the corona.
If it was my own building, Lee Jong-yeop might have recommended it, but I found out that he gave it to Oh Myung-woo.
‘If a professional manager had created Earth Resource’s performance, what kind of compensation would he have received?’
Billions of dollars in bonuses in stock options and other compensation would have been well worth it.
Although it was a company I founded, Oh Myung-woo deserves to be called a co-founder.
I want to make you the owner of the building and pay the monthly rent every month.
“Let’s go and look at the building first.”
“Yes. CEO.”
I looked around the building with Lee Jong-yeop.
Like the top of a beer bottle, San Francisco was a bumpy terrain.
The entire city has no free space, and in the southeast is the Silicon Valley area, which originated from Stanford University and Hewlett-Packard.
Further east from there is San Jose.
Office buildings resembling Apple’s spaceship, Intel, Cisco, and eBay were lined up.
The software business is in San Francisco, and the hardware trend is increasingly toward the southeast.
‘It’s important that the office building is in the city.’
I had no intention of leaving San Francisco unless I had a large factory.
In the Internet or software industry, excellent developers are the core competitiveness.
The company needed to be located in a city that could easily recruit excellent developers and provide them with endless inspiration and ideas.
importance of the environment.
That’s why I nodded right away when I saw the building Lee Jong-yeop showed me.
As the price was high, the size and design were not lacking compared to the buildings in Los Angeles.
“Let’s negotiate a little more on the price and proceed to the final purchase.”
“really? I understand that you donate the building to Myeong-woo hyung-nim. With this building, the tax problem will be considerable.”
“I have to take care of the taxes. To me, Myungwoo Oh deserves a building like this.”
Even if you have a lot of money, you can’t give more than 2 billion dollars just because you’re close.
Oh Myung-woo has been a person who has directly proven his worth.
Wouldn’t it be the same as not giving money to someone who deserves it?
Lee Jong-yeop’s eyes sparkled strangely.
“older brother.”
“yes?”
“I will do my best from now on.”
* * *
A cloud game system created by Eddie and the developers.
If source coin is to bring resources from other computers, cloud game system is to provide company’s resources.
We were able to maximize each other’s efficiency in the give-and-take relationship.
‘If we can unite the computers on earth, wouldn’t we be able to create 10 times more efficiency?’
About 20,000 personal computers can produce supercomputer-class performance.
The computing power of Earth Resources was more than 1 exaflops of performance that could be brought to Source Coin.
If supercomputers had 40 petaflops of computational power, you’d have 25 of them.
Of course, this capacity could be increased according to the issuance of Source Coin.
“Eddie, are you talking about maintaining the source coin as it is and operating a cloud game system based on the data center?”
“yes. With current technology, it is necessary to some extent to prevent bottlenecks.”
It wasn’t a big deal.
Earth resources based on Source Coin had overwhelming cost-effectiveness, and data centers had to be constantly built or acquired.
“When it comes to cloud game systems, people limit themselves to games. Can I change your name?”
“With what?”
“Pangea. it’s okay?”
The name of the time when all the continents were connected as one on Earth 200-300 million years ago.
“The Pangea system. Do you feel good?”
With Eddy’s permission, the internal preparations for the Pangea system were carried out step by step.
Although the Earth channel has over 400 million subscribers, the data centers have room for capacity.
The early days of Earth Channel, like Top Gun or Octopus Games.
Users who used to watch content without hesitation entered a period of stability.
As new subscribers and services increased, the data center was constantly expanding.
“Let’s put the Pangea system first and open it in April.”
“I can afford it. At that time, I will try to have a perfect system.”
“yes.”
After staying in San Francisco for only a week, I bought an air ticket to New York.
Leaving Lee Jong-yeop behind to take over the office building, he arrives in New York with his bodyguards.
“welcome. CEO Kim Shin.”
This time we stayed at a hotel.
After recognizing me in advance, the general manager personally guided me from the lobby.
I had a vacant room, so I made a reservation for a top-notch penthouse, and the cost of accommodation per night was $40,000.
I didn’t just stay, I made a reservation with a big heart because I needed it for work.
“I will guide you to your room.”
It was natural for the staff to carry the luggage.
I rode the dedicated elevator to the penthouse on the 52nd floor.
There was a clear view of Manhattan, New York, from the window, and there was even a study and garden in a duplex structure.
‘It’s on a different level from a business hotel with only one bed.’
It was a price that was really difficult for wealthy people to stay.
Being able to sleep in a hotel like this already proves that I’m not tolerably rich.
“Thank you for guiding me.”
“Rest in peace. You can call me whenever you need me.”
I thanked the general manager, but tipped each employee who carried the luggage $100.
It was a large amount of tip for doing a simple job, but it was unreasonable to give him $10 even because of the perception that he was super-rich.
* * *
5 hour flight to New York.
Moving to the airport and hotel, it was evening, so I had a good rest that day, and sent a call the next day.
-Kim Shin: It’s been a while. I’m in New York right now, so I thought I’d try a job. I want to meet you and a high-ranking official at JPMorgan.
―Kim Shin: Is it difficult because it is a sudden story?
―Ellie: It’s been a while. work?
-Kim Shin: Yes. I contacted you for 100% investment-related work.
―Ellie: Then I will contact the secretary’s office.
My feelings with Ellie were sorted out, so I contacted her without hesitation.
While working in the financial sector, there are not many people to trust, and it would be nice if they gave me results.
Since it was the secretary’s office, I thought it was for contacting the vice president or other management partners.
After about 10 minutes, a reply came.
―Ellie: The president said that even today would be a good time.
―Kim Shin: Chairman?
Was the chairman of JP Morgan such an idle person?
―Elly: I had an appointment with the deputy mayor, but he said he would cancel it and meet me.
* * *
At 4:00 that afternoon, JP Morgan’s chairman and managers, Ellie, came to the hotel.
“I am Jamie Dimon, CEO of JP Morgan.”
“This is Kim Shin.”
With a light smile, he shook hands with JPMorgan’s chairman and managers, and Eli in turn.
When I shook hands with Ellie, memories of our time together came to mind for a moment, but it was quickly forgotten.
The look of a finance person wearing a suit suited me very well.
I sat on a large sofa in the study, and a simple refreshment ordered from room service was prepared on the table.
Chairman Jamie spoke first.
“It’s nice to meet you like this. I heard that you met Goldman Sachs Chairman David Solomon the other day.”
“yes. it’s time for him It didn’t mean anything else.”
“haha. I know. I just wanted to meet CEO Kim Shin as soon as possible. The returns achieved last year will go down in the history of Wall Street as one of the legends.”
As a businessman, I thought I had built up my own reputation and influence in America, but on Wall Street I was much more respected as an investor.
It wasn’t a bad thing to be respected either way.
“I’m thinking of starting an investment with JP Morgan at the forefront.”
“yes. please tell me I didn’t know what kind of offer I would get, so the people who came here were packed with trustworthy people.”
I nodded.
To the extent of coming with the chairman of JP Morgan, it is difficult without receiving great recognition from the company.
It was also extraordinary that Ellie had grown up like this.
“Companies I am interested in include AMD, Intel, Nvidia, Micro Technology, Texas Instruments, AMAT, ASML, Wolfspeed, etc.”
“You seem to have a lot of interest in computers and semiconductors.”
“yes. you’re right.”
The market capitalization of the companies just listed was enough to invest any amount of money.
“Are you thinking of purchasing semiconductor stocks seeing that now is the bottom?”
Not only Chairman Jamie, but also the managers who followed him were showing curious expressions.
Corona era.
People staying at home for a long time have greatly increased sales of computers and electronic products.
The stock prices of related companies also jumped sharply, but when I told them that I was investing, they looked puzzled.
“It is the opposite.”
“If it’s the other way around… … Are you thinking of selling short?”
President Jamie asked with his eyes wide open.
short selling.
It was a stimulating and thrilling word.
A magic word that can drive away the drowsiness of investors and financiers.
But I knew a better word than that.
“We are considering put options on those stocks.”
“A put option?”
It’s the best in terms of risk, but the return you can get is also sweet.
As the New York stock market rose sharply last year, the trading volume of derivatives exploded.
Popular enough to exceed $500 billion in options trading on individual stocks in a single day.
Many companies and countries are making money, but the unit of capital moving in the financial market is different.