Rebirth

It's been a week since I came to Silicon Valley. In the past few days, Li Feng has been idle and boring, and he can be considered a good stroll in Silicon Valley. Unlike the previous time, he basically spent his time in the garage.

At the same time, I have to meet with Yang Zhiyuan and others once a day to discuss the next financing issues, and which investment institutions are interested in Yahoo.

After completing the financing plan three days ago, it has been submitted to the major investors, waiting for the news, it can be said that every day is very fulfilling.

......

"Ring Ling Ling..."

I took the Motorola 8900 flip brick machine in Zach's hand and connected it directly to the phone.Looking at the phone weighing about half a catty in his hand, I was speechless for a while.

I am used to those mobile phones of later generations, and I am not used to using them now. This is the latest model that just came out this year.I just bought it two days ago. After all, in Silicon Valley, it is more troublesome to not have a phone.

Now it’s in Zach’s hands. Recently, Zach has become obsessed with this latest flip phone. This is the world’s first flip phone, which is definitely worthy of commemoration.

Of course, using such a mobile phone can be regarded as a sign of successful people. After all, such a mobile phone costs thousands of dollars, and the telephone cost is not generally expensive, and ordinary people really can't afford it.

Anyway, this thing in the previous life at this time in the country cost tens of thousands or even tens of thousands, which is absolutely sky-high.

......

"Hello, this is St. John Lee, who are you?"

"Li Feng, this is Yang Zhiyuan, how about it? It's almost time to play, I have to come to participate in financing negotiations."

"Oh, how are you sure the news is coming?"

"Yes, our initial valuation has basically blocked some small investment institutions and some individual investors, and now there are several large investment institutions."

"Oh, that would be the best. We will need these large investment institutions next, so that they can help us develop further quickly. How many are there?"

"It's not clear on the phone. Come back and talk about it. The investment institutions will be here this afternoon. The next step is to negotiate."

"OK, I'll be here in a while."

After hanging up the phone, they called Zac, and the two drove into the car and headed to the Yahoo garage.

......

When Li Feng took Zac to the Yahoo garage, everyone was still busy, and Li Feng was the most idle. This is why Li Feng was reluctant to come to Yahoo. After all, everyone else was busy and he was boring. It will make people look down.

"His Royal Highness, you are here, what adventures or affair do you have in Silicon Valley?" David Filo happened to be talking to the technician below, when he saw Li Feng coming in, he laughed.

"David, I'm a minor. If you say that, be careful I go to the minor protection center to complain to you." Li Feng immediately shot back.

"Wow, my Royal Highness, why do I always forget that you are only 15 years old, Shit!

I think the United States should target a special group of minors—geniuses. They must be treated differently. After all, people like Shengzi shouldn’t be treated as minors, right?"

"Haha..."

After listening to David's complaint, everyone burst into laughter. It seems that as Yahoo's financing approached, the company's employees were in good mood.

......

"Li Feng, you are here." With a smile, Yang Zhiyuan also got up from his seat and greeted him immediately.

Afterwards, Yang Zhiyuan called David Filo and Tim to enter the small conference room together.

"Well, let's hurry up, Tim, you can talk about the specific financing situation, and we will discuss it last."

"OK, it has been confirmed that there will be representatives of DFJ, Intel Capital, KPCB, IDG, Sequoia Capital, and AOL in our company in the afternoon."

"Wow, it's all big limelight companies and capital groups." Li Feng replied with a smile.

"Yes, I believe that our Yahoo financing will create the history of Silicon Valley." Tim said with a sigh.

Think about it, the Internet venture capital at this time is not like the later generations. It is always tens of millions or even hundreds of millions of dollars in financing. At this time, the investment at this time is at most several million, or even many hundreds of thousands.

And then Yahoo’s financing is to prepare hundreds of millions of dollars in financing, and it is indeed to create the legend of Silicon Valley and the history of Internet financing.

......

Similarly, everyone is very satisfied with these venture capitalists, and see what kind of venture capitalists they are.

Defengjie (DFJ): Although Li Feng doesn't know much about it, but later generations in China, every company that accepts venture capital will always see DFJ.For example: Baidu, Focus Media, etc.As for the other small things, I won’t say much.

Intel Capital: This is a deliberate formation of Intel Corporation. After all, in an environment like Silicon Valley, Intel has a natural advantage, and relying on Intel is definitely rich.

KPCB, Sequoia Capital: These two companies, also known as "the twin stars of the venture capital industry", were also established in the 1970s, and the strength of the two companies can be seen.

IDG: The full name is the American International Data Group, headquartered in Boston, and its subsidiary IDG Capital is known as the largest venture capital institution in the United States, supported by many powerful consortia.

If it is not bad, the consortium behind it should be the Boston consortium. Although the consortium has gone downhill, it is an established consortium after all. "A lean camel is bigger than a horse."

America Online: Known as one of the largest Internet service providers in the United States, with strong financial resources.For AOL, Li Feng only knows that ICQ was acquired by him in 1998. As for other things, he is not clear. This is also the sadness of ordinary people.

If you know the history of AOL's development, you will probably be shocked again. AOL is definitely an important Internet service provider for the U.S. Empire, with a market value of hundreds of billions in future generations.

It even merged with Time Warner to form a new "AOL-Time Warner Company", an absolute capital giant.The founder of the company's CEO is also one of Meidi's business wizards and legends.

Obviously, for Yahoo, many capitals can't wait.

......

In fact, Li Feng didn't know that many capital giants here are paying attention to Yahoo. This is due to him. In fact, the current Yahoo model has become the benchmark on the Internet.

Many competitors are preparing to revise the version, using Yahoo as a template. In the past month or so, Yahoo has attracted the attention of almost all Internet personnel.

The current Yahoo, in fact, is almost the same as before and after the listing of Yahoo in 1996, and already has a clear profit model. Therefore, it has attracted the attention of many venture capital funds.

You know, at this time in the previous life, both Yang Zhiyuan and David Filo were still in the small room of the Stanford Electromechanical Room. It wasn't until April 1995 that they received 1 million venture capital from Sequoia Capital, but they allocated 25% of the shares. Leaving the Stanford campus.

In the second half of 1995, Sun Zhengyi invested 2 million yuan and also got 5% of the shares. Until 1996, before Yahoo's listing, Sun Zhengyi proposed to invest 100 million US dollars and finally got a total of 35% of Yahoo's shares.

Yahoo’s valuation at that time was still slightly inadequate compared with the current quotations of Yang Zhiyuan and the others. This was more than a year earlier, which shows how good Yahoo’s current form is.

......

As for the profit model, there was almost no previous life at this time. It was not until 1996 that there was profitability, and the profit model was slowly explored.

This is why Yang Zhiyuan and the others dare to quote 500 million for Yahoo's current valuation, and some large investment institutions are still interested.

Although the traffic of Yahoo at this time cannot be compared with before and after the listing in 1996, after all, the number of netizens is still small, but in terms of the number of netizens, there is actually not much difference.

Think about the previous life when Yahoo went public on the day when the market value exceeded 800 million.

......

Afterwards, everyone discussed it. In the afternoon, Yang Zhiyuan and Tim were the main ones, Zach provided the legal basis, and Li Feng and David provided support. It was decided that the five people would discuss the venture capital together.