Rebirth of the internet boss

Chapter 181 You have to understand two things
Yahoo was the first Internet company to "eat crabs", so it became the overlord of the first generation of the Internet. Although Yahoo made many stupid mistakes, it is undeniable that it is still very forward-looking.

It first discovered Google, then it discovered Ali, it also discovered Facebook, YouTube, and Twitter later... It can be said that Yahoo has almost discovered the future of the entire Internet.

But it is a pity that due to the many stupid CEOs who only pay attention to short-term interests, Yahoo should have become the "father" of companies such as Google and Facebook. In the end, only one company, Ali, was successfully invested.
And now Yahoo CEO Semel, in order to please Wall Street, has sold the unlisted Google shares, just to further push up Yahoo's stock price.

And using the money from selling Google shares, you can’t let it go, so Yahoo started a round of buying, buying and buying, but after spending the last, there are still more than one billion dollars in the book, so you can’t just sit idle, and the CEO of Yahoo! Semel saw that some concept stocks such as Shengda Network were booming on Nasdaq,

So, Semel recruited Yahoo chief Jerry Yang, and asked Jerry Yang to go to China, the XX market of the Internet, with 10 billion US dollars to invest in several Chinese Internet companies. When necessary, Yahoo China can also be added, and Yang Zhiyuan also has a Chinese identity, and was the idol of many entrepreneurial young people at that time.
And after Yang Zhiyuan took the money, he did not go to China immediately, but first went to the island country to visit Sun Zhengyi, the "Bole" Softbank who invested in him back then, and Sun Zhengyi was also a shareholder of Yahoo, and he was also the chairman of Yahoo Island ,

Because the two have also known each other for many years, and they have a good friendship, Yang Zhiyuan saw Sun Zhengyi and asked straight to the point: "Mr. Sun, this is the purpose of my visit. I believe the board of directors also told you that we Yahoo is planning to invest in several Internet companies with great potential in China, does Mr. Sun have any good companies to promote?"

Sun Zhengyi said directly: "If you want to say that the Internet company with the most potential in China now, it should be an Internet company called Fengrui Technology that I invested a few years ago.

The product is very complete, spanning the two major fields of games and social networking, and each of them is the best. In terms of online games, it can confront Shengda head-on; in terms of social networking, it has now defeated its biggest competitor, Tencent. The feeling of China's Internet No. [-] company. "

Yang Zhiyuan had heard of Fengrui, but he had only heard about the three major portal websites in China, as well as the newly listed Shengda Network, and the horse who looked like an alien when he took him to the West Lake. Ali Papa established by Yun,
Therefore, Yang Zhiyuan asked curiously: "What kind of company is this, why have I never heard of it?"

Sun Zhengyi said with a smile: "You may not believe it when you say it. The founder of Fengrui Company is still a college student. It has not been two years since its establishment.

However, don't underestimate his young founder because of this. Not only did such a big company only raise money once, but he also firmly controlled the entire company, and even Liu Zhiping from Goldman Sachs joined in. You can Think how amazing this man is! "

Then, Sun Zhengyi counted again: "And if you want to invest now, it is probably more expensive. There is no valuation of 10 billion US dollars.

More importantly, if you want to invest, others don't necessarily want it. It must be approved by its founder Li Feng. "

Speaking of this, Sun Zhengyi also remembered the scene when he met Li Feng for financing last time. At that time, Li Feng was stable, calm, and wise, which left a deep impression on Sun Zhengyi. I also felt that Fengrui's valuation was too high. I didn't expect Fengrui's valuation to double in less than a year.

By the way, there is also the matter of the "gambling agreement"!

With the current development speed of Fengrui, even if nothing is moved, the market value of more than [-] billion US dollars in the next three years is like playing. Perhaps in order to maintain a good cooperative relationship with Li Feng, I should honor the "gambling agreement" in advance Yes, it should be regarded as "equity reward".

"10 billion dollars?!"

Although no company with a valuation of more than US$10 billion is called a "unicorn" company, as the founder of a super-large Internet company, Jerry Yang is very clear about the financing process of Internet companies.
In addition to the initial angel round, an Internet company has to go through at least four or five rounds of financing, and this company called Fengrui Technology only raised once, surpassing many listed Internet companies.

After listening to Sun Zhengyi, Yang Zhiyuan was also interested in Li Feng, and said to Sun Zhengyi: "You say that, I want to meet this Li Feng quickly, and I also believe that our Yahoo's funds and technology , can make this Fengrui technology go further, then can I trouble Mr. Sun to recommend it for me!"

Sun Zhengyi gave Yang Zhiyuan a light signal, and said calmly: "Yang Jun, don't worry, I will take you to Yanjing after I finish these two days of work, and I just have something to talk to Let's discuss it again, Li Feng, you should have fun in Tokyo for two days."

Yang Zhiyuan also smiled and said, "Thank you so much. It would be the best if Mr. Sun came forward in person."

********
"Martin, is it not enough for us to invest 1 million U.S. dollars, plus 51.48% of Tencent shares in our hands? Our MIH only needs to account for 20% of Fengrui, isn't it enough!
Even if Tencent is not good enough now, there are still tens of millions of dollars in the book, and there are still many technical and high-end talents. Isn't this worth 1 million dollars?

Plus our investment of 1 million US dollars, this is 2 million US dollars, and these are only 20% of Fengrui's shares. I only thought that I gave you Fengrui's pre-valuation of 8 million US dollars, which was accepted a whole year ago. The valuation of Softbank's financing doubled, and there was a "gambling agreement" at that time!

And you only need MIH's behavior style, we respect the founding team more, and don't need voting rights, aren't these conditions enough! "

In fact, before coming to Fengrui, Cus Baker not only investigated Fengrui's situation, but also prepared to spend a lot of money.

But what Cus Baker didn't expect was that when the boss of such a big group company as himself visited in person, since Li Feng had gone out and was not sure when he would come back, he had already made an appointment with Feng Rui in advance.

What made Cus Baker even more unexpected was that he was ready to be troubled and prepared to spend a lot of money. After all, as long as the investment is successful, Fengrui, this little face is nothing, but Cus Baker still did not expect Feng Rui is so greedy.

In the end, Cus Baker was a little "broken", and said directly: "Martin, don't hide it, just talk about your Fengrui's final conditions!"

Seeing Cus Baker's breakdown, although Liu Zhiping's expression did not change, his heart was already full of joy.

Liu Zhiping also recalled the last time he visited Coos Baker in South Africa. At that time, Coos Baker was invincible. I remembered it for a long time, and fortunately Li Feng gave me this opportunity to take revenge.

Liu Zhiping said flatly: "Mr. Baker, didn't I just say that the bottom line given by our President Li is Fengrui's valuation of 20 billion US dollars."

Cus Baker almost vomited blood when he heard that, so what I said just now was in vain, and the final condition remained the same, "The rabbit bites when it is anxious", Cus Baker asked again: "Martin, this is your frontman. Rui's last condition?"

Liu Zhiping was unmoved, and said, "Well, yes, this is the lowest valuation my boss gave me."

Liu Zhiping's expression of "I just like the way you look unhappy but helpless" made Cus Baker very annoyed, but the man is flexible,

So, Cus Baker held back his anger and said to Liu Zhiping: "Martin, when will you, Mr. Li, come back?"

Liu Zhiping said calmly again: "Then I don't know, maybe for a while, maybe tomorrow, or even more likely not coming for several days."

After hearing this, Cus Baker almost vomited blood again, so he could only say to Liu Zhiping: "Well then, Martin, when you come back, please give me a call as soon as Mr. Li comes back. We will Just waiting in Yanjing."

After finishing speaking, Cus Baker passed away in embarrassment.

And Li Feng didn't deliberately offend Cus Baker, it was just because Li Feng felt that he had more important things to do, and that was to go shopping and eat with his Tang Xin.

When Tang Xin saw Li Feng's left hand in plaster, she felt distressed for a while, and asked Li Feng how he did it. Li Feng could only make a fuss about it, saying that he was accidentally hit by a motorcycle.

Tang Xin knew that Li Feng was lying, but Tang Xin also knew that Li Feng didn't want to worry about her, so Tang Xin didn't ask any more questions.
He just asked Li Feng to rest more, and when he went shopping in the afternoon, Tang Xin, who was usually on Li Feng's right, was on the left this time to protect Li Feng's left hand.
And at dinner time, not only did he order ribs soup, but he also personally fed Li Feng two mouthfuls, allowing Li Feng to enjoy the treatment of an emperor.

After spending another romantic time, Li Feng appeared in the company again the next day in a wonderful and full manner. Li Feng didn't ask Kus Baker from MIH to wait, and directly met Kus Baker and his party in the conference room.

Although Cus Baker and his party were very surprised by Li Feng's age, they didn't say much because of Li Feng's youth, because Fengrui's victory against Tengxun had explained a lot of problems.

And Li Feng didn't like to waste time, so after the meeting, after a simple exchange of pleasantries, the two parties got straight to the point.

Li Feng said directly: "Mr. Baker, although we are meeting for the first time, I have heard a lot of rumors about you from Zhiping. Last time Zhiping went to South Africa, thank you for your care."

Cus Baker thought it was Li Feng's sarcasm to him, so he quickly explained: "Mr. Li, I was offended last time, but this proves that I have always supported the company I invested in, unless it is absolutely necessary. .”

Li Feng touched his left hand and said: "Mr. Baker, you think too much, I don't mean to blame, what I mean is...

In this way, Mr. Baker, I am very particular about efficiency, and Zhiping also gave me a general introduction to yesterday’s situation.

First of all, I agree with your investment of US$1 million and the value of Tencent shares, but now you have an opinion on our valuation of Fengrui, right? "

Cus Baker hurriedly said: "Mr. Li, our MIH is infinitely optimistic about Fengrui's future, otherwise we wouldn't have traveled far to come here, but I don't know what you think about Fengrui's current valuation. The calculation is really too high, and it has greatly exceeded our tolerance!"

There are certain calculation formulas for valuation. According to your business model and future monetization methods, there are also some quantitative indicators, such as UV (traffic), MAU (user activity), ARPU (single user revenue) and other indicators. roughly figured out.

But Fengrui's valuation, no matter how calculated, will not exceed 10 billion US dollars. In fact, Cus Baker wanted to question Li Feng even more. Are you Fengrui crazy about money? How did you calculate such an outrageous valuation? of!

What disappointed Coos Baker was that Li Feng didn't respond to Coos Baker's words at all, as if the two were not in the same world, Li Feng said lightly: "Mr. Baker, you have to understand one thing! We are The winner, Tencent is the loser. If the acquisition is not successful, I will let "Bat Network Management" continue to block Tencent. At that time, it will be hard to say how much Tencent will be worth.

And now Shengda Network is worth 12 billion US dollars when it was just listed, and it is only the online game part of Shengda. it's ok

And I also believe that under my leadership, Fengrui's market value will only increase in the future, let alone 20 billion US dollars, even if it is [-] billion US dollars, [-] billion US dollars is not impossible. "

Cus Baker also defended: "Mr. Li, that is the market value of Shengda after listing, and Fengrui has not yet been listed! How can it be calculated based on the market value after listing!
And we never doubt Fengrui's future, but the future is the future, and now is the present, no matter how good Fengrui's future performance is, it is worth so much money now, and I still convince my shareholders.

Besides, on Tencent’s side, you can block it for a week, or even a month, but you can’t block it forever. Sooner or later, when you touch the block, some users will definitely return to QQ. "

This is indeed what Li Feng was worried about, but it did not mean that Li Feng could accept the threat. Li Feng touched his left hand and said to Cus Baker: "Mr. Understand, now you are begging me to buy shares! Not me begging you to invest! Don't reverse the position.

I said that Fengrui is worth 20 billion U.S. dollars now, and it is worth 20 billion U.S. dollars. If you agree, then let’s continue talking; To make friends. "

After finishing speaking, Li Feng stood up straight away, patted Cus Baker on the shoulder, and said, "If you want, then you are coming here at this time tomorrow, and now you can go back and think about it."

I thought Liu Zhiping had gone too far yesterday, but I didn't expect Li Feng to go too far. He didn't give people a chance to think. Cus Baker was a little confused.

Seeing that Li Feng was about to leave, Cus Baker came to his senses and hurriedly pulled Li Feng and said, "President Li, don't leave yet, let's discuss it later."

Li Feng turned around and said, "So, you agree with Fengrui's valuation."

"..." Cus Baker fell silent again.

Seeing this, Li Feng said again: "Mr. Baker, I'm not in a hurry. I'll stick to what I said just now. If you agree, then we can continue talking at this time tomorrow; friend."

After finishing speaking, Li Feng went back to the office, and Cus Baker was embarrassed to hold Li Feng back. After all, even though he was the boss, he couldn't decide on some matters by himself, so he had better go back and discuss it. In the end, Cus Baker Baker had no choice but to leave again.

While Li Feng was making tea, Liu Zhiping opened the door and came in. Seeing Li Feng drinking tea in a calm and elegant manner, Liu Zhiping asked with lingering fear: "Boss, do you think people from MIH will come again tomorrow?"

After Li Feng handed Liu Zhiping a cup of tea, he took a sip and said, "Of course, capital always seeks profit. Even if their MIH pays attention to long-term investment, they will not take risks for Tencent. Calculated at 20 billion U.S. dollars now, they will still make some money in the future.

Don't worry, after you've been busy for a while, Chinese New Year will be around the corner, and my sister-in-law is probably about to give birth, so you can take a good rest then. "

Hearing Li Feng's words, Liu Zhiping also felt relieved. After taking a sip of tea, he said to Li Feng: "Then if we buy MIH's Tencent shares and add our original Tencent shares, then the Tencent shares will There are only 33.336% of the Tencent team and 10% of Shengda.

The shares of the Tencent team are okay, they don’t have so much money, it’s really not good, we can still dilute it; but Shengda’s 10% of Tencent’s shares are not easy to deal with, and it may become a time bomb in the future . "

After Li Feng refilled a cup of tea, he thought about it and said to Liu Zhiping: "Well, how about it, give me Sheng Tianqiao's number, and I'll call him in person later."

　Thanks again for the rewards who led the piggy around!

　　
　
(End of this chapter)