Rebirth

In mid-March, Google’s chairman’s office was crowded with people.

At this time, Li Feng, Larry and Sergey sat around a desk and signed their names on a document with pens.

"Papa..."

As Li Feng signed their names with Larry and Sergey respectively, there was a round of warm applause around them, which also marked the formal agreement of the repurchase between the two.

"John, thank you for your support!"

"John, thank you!"

Larry and Sergey spoke one after another, and said gratefully to Li Feng.

"Well, I don't need to say these words of gratitude. I don't suffer a loss either, am I?"

"Well, when will John, I and Sergey pay you the purchase price?"

"Why... the funds are raised?"

"Uh..., we talked to banks and investment, and the problem is not big."

"Do you need my help? Let's talk about it first. If the conditions are strict, I can help you contact the CSCB Silicon Valley branch. How about?"

"Really, John, thank you so much!"

"..."

...

This time, the two repurchased 5% of each of their shares again. It was not that the two were unwilling to buy back more. For one thing, Li Feng was also reluctant to give up more. Secondly, the two did not have that much. Funding, after all, the two are not super-rich families, and it is not easy to raise funds.

In other words, the two already have 15% of Google shares, and this time Google has negotiated a valuation of 400 million US dollars. I have to say that the valuation is really not high.

When Google was first established, Li Feng talked to the two founders about Google’s future development plans. Although no bidding advertising model was proposed, the establishment of an independent portal search site in the future is also an established development direction. This is also how Google will be affected. One of the reasons why Silicon Valley venture capital is sought after.

Many people think that since St. John Lee had the intention of launching a search portal exclusively owned by Google when he founded Google, then according to Li Feng's consistent thoughts, he must have the deep meaning and the greatest possibility, that is With Google’s new profit model, Yahoo was the first profit model proposed by Li Feng.

I have to say that being able to become the top group of people in this world always has a very delicate mind. From the clues, I feel that Li Feng attaches great importance to Google, and Li Feng’s forward-looking vision has won everyone’s attention. Recognition, it is difficult for Google to not be sought after.

As for paying a total of 10% of the shares again, Li Feng also thinks it is worth it. After all, for the time being, the company is indeed inseparable from the two founders, and this contract also imposes various restrictions, such as the next two People can only work at Google unless they retire directly.

For example, if the two people want to sell the shares in the hands of the two people, the company has the right of first repurchase, etc., which restricts all possible share outflows.

In short, two people were completely tied to death this time, and there shouldn't be any problems like this in the future.

To a certain extent, it is still a perfect strategy to fight outside and settle inside.

...

Similarly, anyway, it has become a fact, and Li Feng has naturally done it generously.It is said that if Larry and Sergey negotiated with the venture capitalists who encouraged them to borrow money, the conditions were too harsh, and they would help, which would also be regarded as an ambush in their hearts.

After all, if it weren’t for the instigation and provocation of these behind-the-scenes people, even if Larry and Sergey were really interested, in the end, they could only think about it in their hearts. Even if they weren’t, they could make their heart feel more comfortable. a little.

After sending away the company's lawyers and others, only 5 people including Li Feng, Eric and Larry remained in the office.

"OK, we should celebrate the completion of such a contract, but everyone knows the current situation. Let's celebrate together after Google officially completes this financing. Today we will simply have a glass of champagne. I think Larry, Bu Lin, you two should not be opposed!" After completing the signing, Li Feng said to the two with a smile.

"John, where is it? Google is now at its busiest time, and success seems to be right in front of us. We naturally hope that Google will get better and better. After this round of financing is completed, we will celebrate the best time."

"OK, let's talk about this Google financing and even Fetion."

"Recently, Eric helped us reach a lot of people."

"OK, then Eric, let's talk about it, what is the situation with the recent contact?"

"OK, let me tell you, Google has received too many financing offers recently, there are..."

...

Listening to Eric Barabara’s narrative, coupled with Larry and Sergey’s interjection from time to time to add two sentences, and also recently Li Feng is also paying attention to and understanding some of the situation, Li Feng’s comments on Google There is also a detailed and clear understanding of the financing situation.

Some recent investment institutions seem to have made appointments. The overall valuation of Google is between US$300-500 million, including Sequoia Capital, Intel Investment Group, KPCB and other large venture capitalists. And investment institutions have chosen 500 million US dollars, the lowest valuation that Li Feng originally thought.

Originally, according to Li Feng’s idea, only 10%, financing of more than 50 million US dollars is enough for the time being, enough for Google to burn money until the end of the year, and wait until the right time next year to launch its own portal website and start to launch bidding advertisements. Unfortunately, these winds The appetite for investment capital is only 10% of the shares can not satisfy them.

For example, Sequoia Capital, KPCB, etc. all hope to obtain more than 30% of the shares. Of course, the financing scale of Li Feng’s company has made investors in Silicon Valley and even the United States used to it. Every time Li Feng’s company raises funds, The scale is far larger than the first round of financing of Silicon Valley companies.

From the original Yahoo to Fetion, to now Google, etc., this is not the case.

After discussing the situation of Google, I finally came to the conclusion that we can only negotiate slowly, but also gave the bottom line. This time the financing is up to 20% of the shares. The more shares you give up, the higher the financing valuation. , Just follow this plan to talk about.

"Eric, how did you talk to Motorola and Goldman Sachs? If Fetion skips financing and goes public, will it be a hindrance?" After completing Google's discussion, Li Feng turned the topic to Fetion again. Asked with a smile.

"Listed?"

"Isn't it financing?"

"..."

...

As soon as Li Feng's words fell, Larry and Sergey on the side could not help asking in surprise.At this time, the two of them were really shocked. They said before that Fetion was preparing to raise funds, and how did it suddenly become public.

"It’s no surprise that Fetion has developed rapidly nowadays. It has achieved a balance of revenue and expenditure. There is no shortage of development funds. In this case, the people from Morgan Sachs and Goldman Sachs came to the door last time and said that since it is financing, it is better to get it in one step. I went to NASDAQ for listing. I thought the proposal was good, so I tried to get in touch first.” Li Feng explained with a smile.

"Wow... Eric, congratulations!"

"John, Eric, congratulations!"

Listening to Li Feng's explanation, Larry and Brin were shocked, and then congratulated Li Feng and Eric Schmidt with envy.

"Larry, Brin, you two don’t have to be envious. I believe that as long as you can keep one mind with the boss, I don’t think the boss will treat you badly. You have been in contact with the boss for so long. You should also have a certain understanding of the boss. , You know he is a human, don’t you?"

"Uh... don't worry, Eric, Brin and I will definitely stay one mind with John in the future."

"Yep…"

"You guys, rest assured, as long as we stay one mind, whether it is Fetion or Google, we will become heroes of the Internet era and surpass Yahoo in the future. I am very confident about this."

"Beyond Yahoo...!!!"

"Beyond Yahoo! Long live!!"

"Haha..."