My rebirth is different

Chapter 337 Mr. Tang's Dream
Lu Qi had just returned to his office when he heard the landline on his desk ring.

Glancing at the small LCD screen on the landline, the internal number was displayed.

"Hello, this is the technical department." He said in a deep voice.

"Director Lu, Mr. Tang invites you to come to his office."

A soft female voice came over.

It turned out to be from the CEO's secretary.

In a high-tech company, the boss is not called the general manager, but the CEO is always used instead, which seems foreign.

Lu Qi put down the phone and was about to go to the boss's office.

This building is owned by Yitang Company, with a total of fifteen floors, and the boss is of course on the highest floor.

Their technical department is on the fifth floor.

Take the elevator to the fifteenth floor and come to the door of the CEO's office. The secretary is already waiting there.

Seeing Lu Qi approaching, she opened the door for him with a sweet smile and invited him in.

Lu Qi felt a little uneasy, what did the boss ask him to do?

Recently, I haven't heard any good news, let alone...

If it's just layoffs, or even layoffs himself, Lu Qi is not afraid.With his own skills, no matter how bad he is, he can still make a living.

What he feared was that the company would declare bankruptcy.

It doesn't matter if I'm alone, but it's probably worse for the little brothers under my command.

The past two years have just caught up with the so-called "Internet winter". Everyone is gritting their teeth and no Internet company dares to recruit people on a large scale.

Not to mention recruiting, if any company does not lay off employees in the past two years, it is already a rare good company.

In fact, as early as the beginning of 2000, the US Nasdaq Composite Index, which is dominated by technology stocks, suffered a severe setback. The stock index continued to decline, and the Internet economic crisis broke out in an all-round way.On September 2000, 9, the Nasdaq index fell to 21 points, setting a record low in three years. The emerging Internet industry, which relies on venture capital for a living, suffered a catastrophe. The entire Internet industry was full of gloom and chill.

After the global technology bubble burst in 2000, other pioneers of the Internet on the mainland, such as Sina, Sohu, and NetEase, were also struggling. Most domestic Internet companies faced bankruptcy after burning out their venture capital.
This is the crisis of the Internet web1.0 era. Large-scale Internet companies at home and abroad have been liquidated and withdrawn. This is the first real Internet winter.

From March 2000.3 to October 2002.10, Internet companies lost about US$5 trillion in market value.

Yitang.com just caught up with this wave of cold winter, so after the first 5000 million US dollars of venture capital was burned out, it never received a large amount of venture capital again.

Just kidding, the venture capital firm is about to go bankrupt, how can it return your money.

…………

Walking into the office, Lu Qi found that not only the boss was there, but also the representatives of major shareholders.

The major shareholder is of course the "big head" venture capital that invested US$5000 million in Yitang at the beginning, accounting for 50.00% of the company's shares.

The atmosphere in the office was not very good. VC representative Pete was sitting there with a gloomy face, and President Tang was also silent.

Of course Pete couldn't be happy. Sevin Rosen, the American venture capital company he represented, was "limped" by Mr. Tang in front of him, and invested 5000 million US dollars in him all of a sudden.

Now two years have passed, not only has the company not made a penny of profit, but the money has also been burned.

What's even more frightening is that Yitang.com sees no hope.

Whether it is from portal websites, e-commerce, or any other field, it has not achieved the top three in the mainland market.

In the Internet field, it is different from other industries.

In the traditional industry, there may be tens of thousands of companies, and everyone is making the same product, and they are all living a good life.

But in the Internet industry, the boss is booming, the second is struggling, and the third...

Is there a third child?
Yitang.com looks like this, it can’t do anything, and it spends more money than any other company. Can Pete not be angry?

"Old Lu, I called you here to ask how much our company's computer room and technical team are worth in the industry?" Mr. Tang said in a low voice.

Lu Qi was taken aback, what do you mean?
"Computer room? Technical team? Our computer room cost a lot of money to build at the beginning. All the servers we purchased were IBM's servers, which cost tens of millions. Now it has been used for two years, and it is estimated to be worth 500 million. Technology As for the team, how do you say this, it’s not easy to estimate..."

Lu Qi scratched his head.

He asked again: "Mr. Tang, why are you asking this?"

Mr. Tang pondered for a moment, but still told him, "Our company may be acquired."

"Ah...how...how come?" Lu Qi opened his mouth wide.

He thought about many possibilities, such as the company going bankrupt, the company going to lay off employees, not being able to pay this month's salary, getting a venture capital investment, etc., but he never thought that the company would be acquired.

Who is so blind, buy Yitang!

Of course, he thought about this in his heart, and dared not say it.

Pete, the VC representative sitting next to him, said, "Tang, you should make a relatively accurate valuation of the company as soon as possible, and we will start negotiations with the other party. Believe me, the current Yitang is still worth some money. It is the best choice to sell the company." The final choice, don’t insist on it anymore, Internet companies all over the world are having a hard time. We have invested a lot, and we must let us recover some of the cost.”

Pete said very helplessly.

At the beginning, Mr. Tang relied on an excellent idea and a group of elite teams to convince his company that this group of people would be able to make a career, so he invested a large amount of money.

The core management team of Yitang Company has five MBAs from Harvard Business School and two MBAs from Chicago Business School. Is this kind of talent allocation more than 5000 million US dollars?Not much at all!

No, President Tang himself is also an MBA from Harvard Business School.

At that time, if we only talked about the diplomas of the company's executives, then Yitang would definitely beat all the Internet companies in China. What kind of old horses and small horses are they?

It's a pity that such a group of high-achieving students, the elite of the elite, gathered together, and the results they made were extremely disappointing.

"I know that I also own shares in Yitang Company. The current situation of the company is not good. I am more anxious than you. Mr. Pete, can't your company invest another sum of money? In fact, I feel that after this year, the Internet winter will be over. It's hard for everyone now, but as long as you grit your teeth and stick to the past, maybe spring will come." Mr. Tang persuaded earnestly.

This company carried his dream, and he certainly didn't want to give up just like that.

Tang is always a child who grew up in the countryside. He has been chasing his dreams all the way, and he has indeed realized many dreams.

Admitted to Fudan University, went to the United States for further study, entered McKinsey, a holy land of consulting, studied for an MBA at Harvard, worked as an assistant to the president of Zegna, and now created Etang!
(End of this chapter)