Rebirth

Zach saw that Li Feng had been silent, as if he was thinking about the problem, so he didn't bother him. When he arrived at the airport and bought a plane ticket, the three of them arrived in San Francisco.

"John, why are you still thinking about something? It's all in San Francisco. It's not a good situation to talk to Michael and others in your state."

"Oh, yes, I'm fine, I don't know what the situation is, I don't know if Sequoia Capital can help me."

"John, it's no big deal, even if they don't want to, if you must take a loan, it's just a little bit."

Listening to Zach's statement, Li Feng couldn't help but smile. He thought so much. The boat went straight to the bridge. Let's talk about it later. It seems that he can't cultivate at home, and he is in trouble.

Then they talked to Zach and Bob and laughed.

......

I didn't rent a car this time. I got a taxi from the airport and headed to Silicon Valley. Anyway, it was only a few tens of kilometers, not too far away.

When you arrive in Silicon Valley, you don’t stop and head straight to the Dune Road, known as the “Venture Road”.

Li Feng just got out of the car, but he saw Michael Moritz coming out with Yang Zhiyuan and David Filo.

"Jerry, David, you two are here."

"Hehe, after all you want to take Yahoo shares as a mortgage, the two of them will come and have a look, probably because they are worried about you." Watching Yang Zhiyuan and David look embarrassed, Michael Moritz explained first.

Obviously, although the matter of Li Feng's request for a share mortgage loan has been let them know and passed, the two are still not at ease.

......

"I value Yahoo's shares very much. In fact, I'm still waiting for Yahoo to go public. Therefore, Jerry and David, rest assured, I will never give up Yahoo shares."

Li Feng couldn't explain this situation, and Li Feng didn't want to hide it. After all, if he really invested in Netscape, he would not be able to hide it.

"Well, Mr. Valentine and the other partners are still waiting for you. Let's go in and talk." Michael Moritz suggested with a smile.

Looking at the wooden two-story villa in front of him, and the surrounding villas of the same type faintly hidden among the trees, Li Feng felt for a while.

How can ordinary people think that the venture capital firms on Dune Road, known as the "West Coast Wall Street", are hidden in these wooden cottages that look like farm houses.

Thinking about it, nodded, and then everyone walked into the base camp of Sequoia Capital.

......

Following Michael's guidance, everyone entered an office. In addition to Don Valentine, whom Li Feng had already known before, there were also several Sequoia Capital partners who were the managers of Sequoia Capital.

After the two parties introduced, Li Feng immediately put forward his own request. Li Feng knew that he had to talk to the old foxes and it was best to be direct.

"Gentlemen, I must know that everyone should also know that I want to ask Sequoia Capital or one or several of them to help, using Yahoo shares as collateral to obtain a loan from the bank.

Before making this proposal, I had reached an agreement with Yang Zhiyuan of Yahoo and Mr. David Filo, and they agreed to my proposal."

After speaking, they looked at the two of Yang Zhiyuan, and then they nodded to understand the situation.

......

"Now I offer two plans, one of which is the guarantee provided by Sequoia Capital. I am mortgaged by Yahoo shares, with a loan of 50 million, with a loan period of 1 year;

Second, if Sequoia Capital is willing, I can directly use Yahoo’s shares as a mortgage, Sequoia Capital can directly lend me 50 million for the same period of one year, and I can directly pay 20% interest, that is, repay 60 million at this time next year. ."

After speaking, regardless of everyone's surprise, he looked at the expressions of everyone and sat down and waited for a decision.In fact, according to the shares of Li Feng and Zach, even if the original valuation of 400 million is far more than 50 million, everyone is not surprised at the amount of 50 million.

At first I thought that the two people's shares would be mortgaged together, and then I thought that since the initial financing price of 400 million yuan, my own shares have exceeded 50 million yuan, so Zach's low-pressure plan was abandoned.

Originally I thought about borrowing from the bank, but then I thought, Sequoia Capital is not just a lot of money, maybe it is OK to borrow directly, and the interest rate is high. This is the second proposal of Li Feng.

......

"Mr. Li, well, to be honest, I have lived for most of my life, but Li, a young man like you, I have never seen him before, although I have been surprised and expected since I met you.

Sit down again and see what you were doing when you were 15 years old. Our "Holy Son", your Excellency, borrowed 50 million US dollars easily.

It seems that everyone at Yahoo named you "Shengzi" and they are not wrong at all."

The meeting room was quiet for a minute or so, Valentine teased.After speaking, he shook his head, and then burst into laughter in the conference room.

"To be honest, in principle, Sequoia Capital is willing to do this for you. After all, with your Yahoo shares, the current situation has exceeded the value of 50 million.

But I'm very curious about what our "Holy Son" is going to do with the money. Of course, if it's confidential, you don't have to answer."

After speaking, he looked at Li Feng. In fact, everyone at this time was staring at Li Feng and wanted to know what Li Feng was going to do.

You must know that all of you present here are investing, except for Zach Bob, Yang Zhiyuan and David, and Li Feng is the first to invest in Yahoo. Looking at the value of Yahoo now, Li Feng has made a lot of money. Therefore, it is impossible not to pay attention.

......

"In fact, this is exactly what I want to say next, even how I discovered Yahoo, but I hope everyone here can ensure that today's words cannot be spread.

Therefore, I specifically asked Zac to make a confidentiality agreement, hoping everyone can take a look, after all, what I will do next involves my business secrets."

After speaking, he gestured to Zach, and then came up with a confidentiality agreement.This was prepared a long time ago. After all, they need their help to contact Netscape, so I didn't think about keeping it secret.

The content of the confidentiality agreement is actually very simple. I just hope that what I say today will be kept confidential, and nothing else will be involved.

After listening to Li Feng's words, everyone read it again, and they all felt that it didn't matter, and they signed them immediately, including Yang Zhiyuan and David Filo.

Everyone wanted to know how Li Feng first discovered Yahoo and what he planned to do next with such a large sum of money.

......

"Before I found out about Yahoo and my investment plan, I would like to say something off topic. Of course, this is a prerequisite for me to do things. If you are interested, you can listen to it."

Although Li Feng is not a professional on the Internet, I believe that no one knows the Internet better than Li Feng. Therefore, Li Feng is ready to let everyone see the power of rebirth.

"Let’s first talk about how to form a market. In fact, the simplest thing is that it needs to be used by a large number of people. Only in this way can this market prosper.

So let’s talk about the Internet. Why did the Internet have appeared before and did not flourish?

In my opinion, there are too few users. People who don't understand professional knowledge can't use the Internet or computers. Computers have become the use of many laboratories and professionals. For ordinary people, computers are still too far away.

I think this may be due to some companies, such as Cisco, as far as I know, it seems that Cisco is still one of the companies invested by Sequoia Capital;

For example, some operating system companies-Microsoft, the current operating system allows people to use it without professional computer knowledge, which opens the market for computers to be used by ordinary people.

For example, the emergence of the World Wide Web (WWW), free applications, and the Internet began to be known, all of which laid the foundation for the development of the Internet.

......

I don’t know if you noticed it. Since the advent of the Internet, it has only been used by some professionals in the past few decades. Before 1994, it was used by a few million people in the United States.

So now, I think the two Yahoo can best explain the situation. With the popularization of computers, Internet users are developing rapidly. As far as I know, the United States is currently approaching 20 million Internet users-Internet users.

In other words, in just over a year, tens of millions of Internet users have been added. So what makes the Internet users soar.

In my opinion, there are two aspects. One is the basic conditions I mentioned before, such as the emergence of simpler or foolish operating systems; the popularity of network equipment; the emergence of the World Wide Web, etc., which laid the foundation for the Internet. .

The second is the emergence of browsers, graphical browsers, allowing any information that exists on the Internet to be displayed on the computer screen through the browser, which can be said to have opened the door to the Internet.

......

Only by letting ordinary people use it in large quantities can the Internet become a real virtual world.

Regardless of the increasingly foolish (convenient) computer operating system, the emergence of the World Wide Web (WWW), or the emergence of browsers, they have laid a solid foundation for the development of the Internet.

At this time, the unique advantages of the Internet will be shown to everyone, and the Internet has begun to affect real life.

With more and more Internet users, the Internet will naturally become more prosperous. I think no one will object to this.

Before 1994, the Internet still occupied the vast majority of professionals. After all, Internet access was still more troublesome, so now..."

Speaking of this, Li Feng shrugged and said nothing after looking at everyone.

In fact, everyone felt that Li Feng said something reasonable. Hearing what he said, it seemed that the spring of the Internet had already begun.Perhaps you can pay more attention to Internet-oriented companies when investing in the future.

What the partners of Sequoia Capital didn't know was that it was this idea that allowed them to make a fortune in the early days of the Internet.