My rebirth is different

Chapter 339 Treasure Company
"Why did you buy Yitang.com? This company is terrible. I looked at the statistics of the visits, and it doesn't even rank among the top [-] in the country." Zhou Mengyi asked curiously.

She is one of Yu Wenfei's assistants for the acquisition of Yitang.com.

Hu Jingjing next to him, as Yu Wenfei's secretary, of course also participated.

She also looked at Yu Wenfei curiously. Recently, Hu Jingjing has made up for her knowledge of the domestic Internet industry.

For the local Internet companies in Shanghai, of course, she should focus on understanding. Because of this, she also knows more or less about Yitang.

This is the famous "bottomless pit", 5000 million US dollars went in without hearing a sound, why did Yu Wenfei buy this company.

"Hehe, Yitang's business situation is indeed not very good, but Yitang has a lot of wealth, and many people have not realized this." Yu Wenfei replied with a smile.

This sentence attracted the attention of the two women, a lot of wealth?
The greatest wealth of Internet companies is generally the brand, that is, the domain name, or the number of registered users, or technical patents.

However, Yitang doesn't have any of these three things...

In terms of brand popularity, the new netizens in the past two years have basically never heard of the name Yitang.

Number of registered users?

Does Etang have 100 million users?
have?Do these 100 million users have 50 monthly active users?

Do you have a daily life of [-]?

Let alone [-], according to the latest data found by Zhou Mengyi, the average number of IP visits to Yitang.com in the past month has been less than [-] per day.

As for technology patents, early domestic Internet companies had no patents at all.

All of them are plagiarized or applied to foreign Internet business models.

That's all it says here!
There is not a single exception.

…………

In Zhou Mengyi's eyes, Yitang.com has nothing but a lot of high-paid employees...

This is a big burden. If Yu Wenfei acquires Yitang.com, how to deal with these employees will also be a big trouble.

"What kind of wealth does Yitang.com have? I can't figure it out no matter how hard I think about it." Hu Jingjing thought for a long time, but gave up trying, and asked Yu Wenfei directly.

"It's their employees." Yu Wenfei revealed the mystery.

"Huh? Staff?"

"No way! Those employees made Yitang like that, is it considered wealth?"

The two exclaimed at the same time, unbelievable, in Yu Wenfei's eyes, those employees with high salaries and low abilities are still wealth.

Yu Wenfei patiently explained to the two: "Although Yitang.com is about to close down, it has little to do with the employees. It is mainly a matter of decision-making by the company's core leadership. Yitang.com wants to do everything, but what? None of them are perfect, and the executives cannot escape the responsibility. But you have also seen the website of Yitang.com, whether it is the access speed, page layout, or user experience, to be honest, it is definitely superior to several major portal websites!"

This is undeniable, Zhou Mengyi and Hu Jingjing both nodded at the same time.

The access speed of Yitang.com was very fast. Under the network speed at that time, it sometimes took more than a minute to open the website of Sina or NetEase.

But Yitang.com is different, it really does it in seconds!

This is of course related to the small number of users of Yitang.com, but it can also explain certain problems. The website optimization is done well, and the technology is ahead of Sina and Netease.

Of course, Etang.com's extravagant computer room and bandwidth are also the basis for a good user experience.

"In Yitang Company, Qingbei resumed diplomatic relations, and there are even a lot of graduates from Ivy League schools. Any programmer may be a graduate of Massachusetts. These people were fooled into the company by Yitang. I have noticed that the core technicians are still in the company. These people are Yitang's greatest wealth." Yu Wenfei sighed.

To be an Internet company, creativity is important, but technology is the foundation of all creativity.

He didn't think about relying on those part-time students to conquer the world.

At the beginning, Yu Wenfei's eyes were on the whole world, and he wanted to compete with the world's top Internet companies.

Since we want to be top-notch, our employees must also be top-notch!
Relying on headhunting companies to dig out, or recruiting yourself, can also slowly gather talents.

But Yu Wenfei couldn't wait any longer. He needed a mature team to start the company quickly.

After choosing and choosing, Yu Wenfei discovered Yitang, a "treasure company".

Hey, to be honest, this group of talents is really reckless in Mr. Tang's hands, and they haven't exerted their due power at all!

On the surface, Yu Wenfei wants to acquire Yitang Company, but in fact he has only one goal, and that is Yitang's technical team!
As for the business operators, where to go!

As far as Yitang's current situation is concerned, it has a lot to do with the incompetence of business operations.

Of course, he won't stay at the top level either. What's the use of an MBA from Harvard and the University of Chicago? Are they familiar with the needs of domestic netizens?

Maybe these MBAs are very good at making a PPT, giving a speech, etc., but when it comes to actual practice, they are at a loss.

However, the company's technical staff who graduated from prestigious universities are the real talents.

You only need to buy Yitang, and you will immediately have a technical team with high education, rich industry experience, and more than three years of running-in!
Of course Yu Wenfei is willing to do this kind of business!

…………

Early the next morning, Mr. Tang called Pete.

"Peter, I've made up my mind, let's sell it..."

Before he could finish speaking, Pete said immediately: "It should be so long ago! You should contact that Star Technology company, and we will start negotiations as soon as possible! Regarding the valuation of the company, the two of us will meet again to discuss."

To sell the company, the two major shareholders, namely the VC represented by Pete, and Mr. Tang, reached an agreement.

But regarding the valuation of the company, this is more difficult to calculate.

If it is a listed company, the valuation of the company is much simpler, and the market value represents the value of the company.

Or industrial companies are also easy to value, fixed assets account for a part, and annual revenue and profits account for another part.

But for Internet companies that have not yet been listed, valuation is a big problem.

Like some well-developed Internet companies, the valuation of the ABC round is actually based on the company's future prospects and expectations, and does not represent the company's actual value.

Even sometimes, the published figures are much higher than the actual transaction figures, which can be regarded as a way to hype the company.

Just like some companies advertise that they will raise one billion US dollars in the C round and sell 100% of the shares, which means that the company's valuation has reached [-] billion US dollars!

But this figure is very likely to have a lot of moisture.

In fact, maybe the VC just got [-] million US dollars and took [-]% of the shares.

Therefore, the value of Internet companies is relatively virtual, which is a well-known unspoken rule in the industry.

　And at night

　　
　
(End of this chapter)