Start from 1980

Chapter 848 Make the Cake Bigger

Don Valentine is the founder of Sequoia Capital. If there is no prosperity, he will be the man behind Apple and Google.

According to statistics, more than 20% of the companies listed on NASDAQ are invested by Sequoia Capital.

Including Apple, Cisco, Google, Oracle, etc.

It can be said that Don Valentine assisted in the creation of an industry and became a legend in Silicon Valley. To put it a bit further, Don Valentine is inseparable from the development of the American technology industry and the rise of Silicon Valley, a meaningful landmark. .

For example, in 1978, Valentine invested in Steve Jobs' Apple.

After visiting the garage where Jobs and Wozniak first started their business, he actually hated Jobs' slovenly appearance and thought he was too weird.

Though the 22-year-old Apple founder smelled strange, Valentine gave some sound advice and invested in Jobs.

It's just that he didn't expect the prosperous world to be born.

Invest a large amount of US dollars, and at the same time own 67% of Cisco's shares and have personnel management rights.

Subsequently, the two founders of Cisco entrusted their voting rights to Golden Age, and Golden Age Capital thus took control of Cisco's voting rights, and Bernice became the chairman of Cisco.

If a company like this is not listed, there is no way to motivate the founders. If the shares are not divided, they will not give you a free job.

As for Qualcomm, the way forward is to go public in the future. Lao Mei is different from many Chinese people. Lao Mei likes to go public, and waits for the company to cash out after the listing in order to obtain a lot of profits.

The same is true for the founders and shareholders of the company. The stock price fluctuates, and shareholders can choose a better time to cash out.

Some people like to cover, such as Laoganma Huawei.

There are also those who like to cash out. For example, LeTV’s Jia Zaoche cashed out more than 2015 billion in the bull market in 120. Xiao Ma has cashed out 40 times over the years, with more than 200 billion Hong Kong dollars in cash.

Therefore, Su Chen's plan is to control several listed companies in the United States, and not to list in Hong Kong.

Because controlling listed companies in the United States is conducive to mergers and acquisitions of resources.

In the entire capital market, mergers and reorganizations between companies often occur, and for the acquirer, it further enhances its competitiveness and business capabilities.

For the acquired party, it can get rid of the original loss-making situation and survive in the capital market.

At the same time, this situation will also attract the attention of many large funds, which will promote the strengthening of the stock price of the entire company.

As long as he continues to take up the company's shares and firmly controls the position and decision-making power of the major shareholder, the impact of going public will not be too great for him.

It is a relatively difficult thing to privatize all of them. Americans are very realistic. People start companies to make money and status. You only give people money, and some people don’t want it.

Another one, if you tell these old Americans: We are not here to make money, but to benefit mankind, the Americans probably have their hearts cut off.

Still the same sentence, if you want the horse to run, you have to feed the horse. If you want to enjoy the company's wealth, it is unrealistic.

For companies that are not listed, the cake is only that big. If there are too many shareholders, there is not much to share. It is better to make the cake bigger together.

If it's just a salary, who will pay for an invisible and intangible pie?
Therefore, the future path for Qualcomm and Cisco is to go public.

"I've just heard of this name, but I don't know it." Su Chen asked, "Did Valentine come to you?"

Bernice said: "Yes, Valentine came to me and expressed his interest in Cisco, hoping to invest in this company with us, but I refused."

"So Mogrich, have you invited to the company?" Su Chen asked again.

Bernice nodded: "Yes, he is indeed very capable and has given a lot of constructive ideas. I think Cisco will develop very well under his hands. People have conflicts."

"Their ideas are not suitable for the development of the company, and they will definitely have to separate one day." Su Chen said, "So there is no need to worry."

"Boss, what is our investment philosophy?" Bernice asked.

Su Chen pondered for a while: "Don't bet on racers, focus on betting on the race track. That kind of talented racer is rare, but the race track is easy to find. Investing in a company with huge market demand is better than investing in a company that needs to create A company that the market needs."

"Understood." Bernice nodded, "When I go back, I will pass this sentence on to every employee."

"We will continue to invest in companies in the technology field. Please keep this list in detail." Su Chen took out a list with the names of several companies, such as SAP, Autodesk, Cadence, PTC, Dassault and others.

"If you can invest in it, you can buy it."

"Okay." Bernice carefully put away the list.

Su Chen then asked, "Do you have anything to deal with when you come to San Francisco this time?"

"It's mainly for Cisco's affairs, because I need to come and take a look." Bernice said with a smile, "And my son is studying here in college, so I will take advantage of my position to take a look at my son."

"So that's how it is." Su Chen said, "Do you want me to have a holiday so that you and your son can have a good reunion?"

"No, he's busy, and I have my own things to do." Bernice said, "And he still has to live with his father, which is inconvenient."

"Are you divorced?"

"Yes." Bernice said, "So my son lives with my ex-husband, and I just visit him when I'm free."

Su Chen nodded: "But you should also pay attention to rest, you are an indispensable person in our company now, you must pay attention to your health."

"Okay boss." Bernice said, "If you don't have anything to tell me, I'll go to rest first?"

"it is good."

After sending Bernice away, Su Chenjian picked up a newspaper after washing up.

On the front page, it said [The Eastern wizard who predicted the stock market crash came to the United States, and will sign the book at the San Francisco Public Library tomorrow]

There is also a photo of Su Chen on it.

"Perhaps few people have noticed that before last year's stock market crash, there was a mysterious Chinese who predicted that there would be a stock market crash, but unfortunately, not many people read this book.

Even the book fans who saw it thought the Chinese was just joking, but they did not expect his prediction to come true, and even the time of the stock market crash was only a few days away.

However, it is said that the U.S. Treasury Secretary also read this book, but he does not believe that there will be a stock market crash, so he speaks toughly..."

All kinds of blah blah blah blah blah blah in the newspaper cited Su Chen's deeds, as well as the content mentioned in the book, and they almost regarded him as an omnipotent wizard.

This has attracted the attention of many people.

Tomorrow happens to be the weekend, and the time is chosen very well. Otherwise, who is free to go to this kind of signing event during work?

In addition to San Francisco, New York will also hold a grand signing event, which will drive sales.

He was about to go to bed when he heard a knock on the door.

Looking outside through the cat's eyes, it turned out to be my sister-in-law...

(End of this chapter)