You call this entrepreneurship?

Chapter 263: Full set of acting

Qin Shaoyan was very surprised, and then he rebuked unhappily: "Boss Xiong, who do you think I am!"

"Don't you have even a little trust in me in your heart?!"

"Boss Xiong, why is it so?"

Xiong Xiaoge sneered twice. Trust you?

Why don't I trust you? Don't you have any idea?

"Boss Xiong, no matter how you look at me, I will do what I said." Qin Shaoyan said firmly, "Two hundred and forty million US dollars, this valuation will never change."

Xiong Xiaoge hesitated for two seconds, "Then when are we going to sign the agreement?"

"Sign it as soon as you return to China, the sooner the better!" Qin Shaoyan said seriously, "Boss Xiong, we must hurry up on this matter, and we can't delay it."

"YouTube's valuation changes every day, and Qvod, as a benchmark for Chinese video sites, will also see its value rise."

"If we delay any further, it might be bad for IDG."

Xiong Xiaoge was even more surprised when he heard this. Why was Qin Shaoyan more anxious than himself, afraid that he would suffer a loss?

There's a trick here!

Xiong Xiaoge said calmly: "Even if the change in YouTube's valuation will affect Qvod, it won't happen so quickly. A valuation of 240 million US dollars is a big project, so we have to be cautious in financing."

Qin Shaoyan sighed, "Boss Xiong, you can wait, but others may not be able to."

"Once YouTube completes the financing, they will immediately restart the negotiations to acquire Qvod. We have to complete the financing before they come."

Xiong Xiaoge was stunned. "They won't be that fast, will they?"

"They are more anxious than us." Qin Shaoyan said seriously, "The sooner we get on board, the better it will be for Qvod's investors. Once YouTube restarts the negotiations, the situation will be hard to predict."

Xiong Xiaoge also knew the importance of the matter and immediately agreed: "I will return to China and discuss this matter with other venture capitalists."

"Then I'll leave it to you, Mr. Xiong." Qin Shaoyan said sincerely, "The success or failure of this matter depends on this time."

Xiong Xiaoge acted decisively. He explained a few household matters to his wife Luo Yan, then immediately packed his luggage and boarded the flight back to China.

After the plane landed in Beijing, Xiong Xiaoge took a short break and began to call Zheng Nan from Sequoia, Xu Xin from Today Capital, and Hou Jingtao from Morningside Venture Capital.

These venture capital giants all have a lot of projects on hand, so it was somewhat difficult to bring them together.

But Xiong Xiaoge only said one sentence, "This matter cannot wait, otherwise there may be new changes on Qvod."

When Zheng Nan heard this, his heart immediately tightened. He had been dealing with Qin Shaoyan for the longest time and remembered his style of doing things very clearly. He was afraid that he would do something wrong again.

So Zheng Nan responded decisively and positively. He was afraid that Xu Xin would not come, so he went to the headquarters of Today Capital and asked Xu Xin to come along.

When they arrived at Xiong Xiaoge's house, Xu Xin complained, "Boss Xiong, what's the matter that's so urgent that you have to tell me today? Didn't you just come back?"

"Because this matter must be done quickly." Xiong Xiaoge looked a little tired, but his mental state was still okay. He said slowly, "Qvod.com must quickly conduct a second round of financing, release 20% of the equity, and raise million US dollars."

Xu Xin was somewhat stunned and asked in disbelief, "Is this a done deal? Is the valuation really 240 million US dollars?"

Xiong Xiaoge nodded. "A lot of things happened on YouTube in the United States. The development of the matter was beyond my expectations."

Zheng Nan frowned. "What on earth happened to YouTube? I see all kinds of news circulating in the United States recently."

"Some said YouTube and Google were in acquisition talks, some said Yahoo was offering a billion dollars for the acquisition, and some said YouTube was preparing to raise funds. It was hard to tell which was true or false."

"The news is almost all true." Xiong Xiaoge said solemnly, "YouTube has contacted Yahoo and Google, and the price has been rising."

"Yahoo's CEO personally approached Qin Shaoyan for a meeting and offered to buy YouTube for $1 billion."

Xu Xin was very surprised after hearing this and immediately asked, "YouTube is going to be sold? Then will there be a plan to acquire Qvod after the sale?"

"Microsoft ruined the deal," Xiong Xiaoge said calmly. "In the end, YouTube raised $240 million at a valuation of $1.2 billion to acquire Qvod."

"YouTube had already signed a financing agreement with a new venture capital firm before I came back."

Zheng Nan let out a long sigh, his heart finally at rest. "That is to say, Qin Shaoyan has finally inflated the valuation of Qvod."

"It's not an exaggeration." Xiong Xiaoge shook his head. "YouTube's acquisition of Qvod is extremely beneficial to improving its own valuation. For example, Yahoo really needs such a win-win story."

"Using the acquisition of Qvod to push up YouTube's valuation, the acquisition of YouTube will help increase Yahoo's market value."

“So where there is need there is value.”

Xu Xin frowned, "Why would Microsoft interfere in Yahoo's acquisition of YouTube?"

"Because Microsoft itself wants to acquire YouTube." Xiong Xiaoge said lightly, "Bill Gates also invited Qin Shaoyan to his home, and the two chatted for a whole day."

"According to Qin Shaoyan's estimate, Microsoft may pay around $1.5 billion to acquire YouTube."

Zheng Nan and Xu Xin were shocked at the time and looked at each other.

"Bill Gates invited Qin Shaoyan to be his guest to discuss this matter?" Zheng Nan was a little suspicious. "Did you hear this from Qin Shaoyan? He wouldn't lie to you, would he?"

"Yes, Mr. Xiong." Xu Xin also had some doubts. "Qin Shaoyan dares to say anything to brag about the valuation."

Xiong Xiaoge waved his hands and said, "No matter whether the Bill Gates story is true or not, YouTube's valuation of $1.2 billion is true, and the resumption of acquisition negotiations is also true."

"This shows that Qvod is worth the $240 million valuation."

"Moreover, the YouTube acquisition has caused a lot of buzz, and the capital market has shown strong interest in video websites. Its valuation will definitely continue to rise in the future."

"Qvod is a replica of YouTube, so the popularity of YouTube is also extremely beneficial to Qvod."

"So we have to get on board as soon as possible, before Qvod's valuation rises again."

Zheng Nan hesitated for a while, "Since it is good for Qvod now, will Qin Shaoyan still agree to the condition of 240 million?"

"This isn't the first time he's gone back on his word. This time he probably wouldn't open the door when we wanted to get in the car."

"It was he who proposed it this time." Xiong Xiaoge said slowly, "So don't worry about it."

Zheng Nan was very shocked, and then asked: "Is he planning something bad?"

There was no sudden regret, which was not like Qin Shaoyan's style.

"No matter what, there won't be any problems with the Qvod project," Xiong Xiaoge said. "Even if there are problems, we can still sell Qvod to YouTube. It won't be a loss."

Xu Xin pondered for a moment, "Boss Xiong, Morningside Venture Capital said they will not follow in the second round. They want to sell their shares to SoftBank."

"Yeah, I've heard about this, too." Xiong Xiaoge pondered for two seconds, "I'm familiar with SoftBank. I'll go and convince them in person to take over the shares of Morningside Venture Capital."

"With SoftBank joining us, there won't be any problem with funding, and we don't have to look for other venture capital firms."

"The fewer people who know about this, the better."

...Qin Shaoyan sat in the first-class seat, looking at Davis beside him helplessly.

"Davis, you don't need to be so anxious. Although YouTube has completed financing, it still has a lot of things to deal with."

"Especially for something as important as restarting the acquisition negotiations, you have to prepare for it. You don't have to come to China so early."

Davis smiled widely, "That's why I came here early because it's so important."

"John, YouTube's acquisition of Qvod was a very clever move."

"After careful calculations, if the acquisition is completed, YouTube's valuation will rise to more than $2 billion by the end of this year."

"I have to personally monitor such an important business acquisition. This is the most important case in our department at the moment. Everything else has to give way to it."

"You know, Boss pays a lot of attention to YouTube."

The BOSS that Davis refers to is naturally Bill Gates.

The YouTube acquisition attracted the attention of the big boss, who listed the website as a key project, which made Davis very excited.

As long as I can get things done well this time, rapid success will be just around the corner.

Davis wanted to make progress very much, so he paid special attention to this acquisition and decided to personally follow Qin Shaoyan to China to keep a close eye on the acquisition negotiations throughout the process.

Qin Shaoyan coughed and changed the subject, "What's going on with Yahoo? I heard that Mr. Yang called Bill Gates and expressed his strong dissatisfaction."

"The boss will naturally take care of this matter. It's not my turn to intervene." Davis said thankfully, "I think the boss will appease Yahoo."

"I heard that Jerry Yang is very angry." Qin Shaoyan said with some concern.

"What's the point of getting angry?" Davis shrugged. "That's how business works. He can't be angry at us just because Microsoft took YouTube away from us."

"Don't bring personal emotions into business, this is basic professional ethics!"

"Yes, yes, yes." Qin Shaoyan said happily, "I'm glad you think so, Davis. I can see that you are a very professional person."

"Thank you for your compliment." Davis was very happy with Qin Shaoyan's flattery and he was very much looking forward to this acquisition.

The valuation of the YouTube project has expanded to this level in just half a year under his leadership, which is already a very impressive achievement.

If he completes the acquisition of Qvod, he can take another step forward.

The two of them were chatting very happily, and the first-class cabin was filled with a happy atmosphere.

After the flight arrived in Beijing, Davis happily went to the hotel to rest.

But Qin Shaoyan couldn't sleep, so he immediately asked the employees who came to greet him to drive to IDG.

When Qin Shaoyan rushed into Xiong Xiaoge's office, the other party was quite shocked.

"Why are you here?" Xiong Xiaoge looked at Qin Shaoyan and he looked like he was still asleep.

"I just got off the plane and came here directly." Qin Shaoyan said with a serious expression, "Davis Hansen from Microsoft arrived on the same flight with me."

"Who is Davis Hansen?" Xiong Xiaoge was a little confused.

"He is the vice president of Microsoft's investment department, and he was the one who made the final decision to invest in YouTube." Qin Shaoyan explained, "Now YouTube has become a key project that Bill Gates personally pays attention to. He came here this time just to acquire Qvod."

Xiong Xiaoge frowned and asked tentatively: "Didn't you tell him that Qvod.com is not for sale?"

"If you want to fool everyone, you have to act seriously." Qin Shaoyan replied, "I have only discussed the matter of whether to sell Qvod.com with you. Davis does not know the inside story."

Xiong Xiaoge thought for a moment and said slowly, "From what you said, the negotiations should continue as they really are?"

"Of course." Qin Shaoyan nodded, "Everything will be done as it is."

"YouTube really came to acquire Qvod, the negotiations were real, and the offer was real."

"Only if these are true, Qvod's valuation is true."

Xiong Xiaoge was somewhat helpless, "There's no need for you to do this, just go through the motions."

"Anyway, the deal won't be finalized in the end." Qin Shaoyan said with a smile, "I want to remind Mr. Xiong, don't forget your role."

Xiong Xiaoge was stunned. He finally remembered the conditions Qin Shaoyan had mentioned to him before, and his face changed immediately.

"So I have to be the bad guy in the end." Xiong Xiaoge laughed angrily, "That's not the way to pass the buck, right?"

"Of course, this responsibility will not be shouldered entirely by Boss Xiong alone." Qin Shaoyan said slowly, "Boss Xiong only needs to stand up and take the lead, and others will naturally follow suit to oppose."

"Who will oppose? Zheng Nan or Xu Xin?" Xiong Xiaoge said unhappily, "Our combined shares are less than 20%. Is it effective to oppose?"

"There are also representatives from the Banknote Power Co., Ltd., who hold 35% of the shares." Qin Shaoyan added, "Together you hold more than half."

"..." Xiong Xiaoge was stunned for a moment, then asked, "What about you?"

"It's not easy for me to express my opinion, so I have to inconvenience you all." Qin Shaoyan said shamelessly.

Xiong Xiaoge was so angry that he laughed, "Aren't you still the boss of that so-called Cash Power Co., Ltd.? What's the difference between this and you standing up and opposing it directly?"

"Of course there is a difference." Qin Shaoyan answered confidently, "90% of the shares of Chao Nengli Co., Ltd. are no longer in my hands."

Xiong Xiaoge was shocked. "What did you say? Who is the real boss of this company?"

"Well, you know." Qin Shaoyan pointed upwards, "Someone I can't afford to offend."

"Okay, I won't ask anymore." Xiong Xiaoge was too lazy to play guessing games with Qin Shaoyan. He probably didn't tell the truth. "Apart from this, is there anything else?"

"There is also the media." Qin Shaoyan thought for a moment, "We need to greet the media and unify our statements."

"For example, how to promote the benefits of a strong alliance and the significance of video websites to the development of the Internet in the early stage, these must be done in advance to grasp the direction of public opinion and prevent deviations in reporting."

"The last thing is to deal with the aftermath. How to reasonably explain that the failure of the acquisition was not due to the value of Qvod itself."

Xiong Xiaoge nodded and said seriously: "This matter really needs to be treated with caution."

"It would be best to find a few PR experts and a group of writers who are good at writing articles, and let them be responsible for clearing the ground." Qin Shaoyan thought for a while, "The PR fee can be paid from Qvod."

"Qin Shaoyan, you really have planned everything carefully." Xiong Xiaoge said sarcastically.

"Even brothers should settle accounts openly." Qin Shaoyan didn't care about Xiong Xiaoge's tone at all. Instead, he warned him seriously, "Have you venture capital firms colluded in advance? Don't let it get out of hand."

"Don't worry about that." Xiong Xiaoge said seriously, "No one will go against money."

"Are you ready to transfer the money?" Qin Shaoyan asked.

"I have already talked to Mr. Yan from SoftBank. They will take over the Morningside Venture Capital portion, and SoftBank will also lead the investment in this financing," Xiong Xiaoge replied.

"That's good." Qin Shaoyan let out a long sigh, "Be prepared in advance, the YouTube people will be back next week."

(End of this chapter)