Chapter 17 IT Upstarts
The birth of Wright Software. It really makes a lot of companies shine. Apple users are very satisfied, and the computer is finally no longer a furnishing. It doesn't seem that the computer can't do it, but the software is not powerful!
Venture capitalists have finally figured out that it makes sense for people not to invest. Not to mention that there is no shortage of money for this product, even if there is a lack of money, it is impossible for them to invest. Other people's products have been perfected, how can they take advantage of them in vain.
Venture capital is dead, but several investment banks are starting to move. This company is really good, sooner or later it will need an IPO. Let's see if we can get Series A financing.
Not short of money?
As long as he wants to develop quickly, financing is a must.
The situation is almost the same as their judgment, and they do not rule out the introduction of strategic investors.
Well, the only difference is that those dozens of banks in New York were abandoned.
From this you can see how little chicken belly this guy is. There is still a certain reason for people to refuse to give you loans, and you put them on the blacklist like this. This is a bit excessive.
Well, maybe these banks don't care either.
You were just an ant. What about rejecting you?
Right now?
You're just a stronger ant now.
Do elephants need to consider how ants feel?
Obviously not!
That being said, it was enough to make them sick. The influence of best-selling authors is extraordinary. If the opportunity is right, they still want to ease the relationship.
In just a few days, thousands of software units were shipped. This performance really made the industry look sideways.
That's hundreds of thousands of dollars in revenue. According to Apple's computer shipments, the company's monthly revenue will exceed one million.
Now it seems that the valuation of 10 million US dollars is obviously unreasonable. As long as that guy is not stupid, he will never agree to this price.
At the same time, Apple's computer shipments began to surge. According to the current situation, it is not impossible to ship 20,000 units a month.
For the current situation, Da Mo is obviously underestimated. Valuation increases are inevitable. If sales increase again, the valuation needs to increase by at least 50%.
Regarding White Software, the original valuation was more of a joke. Don't say anything about 10 million US dollars, even 20 million US dollars may not be able to stop.
Quite simply, people don't just make an apple. The mainstream systems on the market, it is almost all involved.
At most, Apple has only 30% of the market share. This year's turnover, people may use tens of millions as units. Next year, it may be 100 million yuan.
You say the cost!
There may be research and development, and what is the cost of becoming a product. Now the question is, how many years is the life cycle of this product, and will there be competitors joining in?
In any case, there is only one on the market right now. If competitors can't catch up right away. There's not much going on.
At the end of the day, the future of this thing is uncertain. Several IT giants are not interested in participating. If HP and Big Blue join, the rest of the company will have no choice but to hit the streets.
Don't IT giants know the potential of PCs?
Obviously it's not that simple, mainframe business is very good, and the profits are very good. There is still a damn anti-monopoly in the United States, and they really don't dare to develop in an all-round way.
"Fauber, let's go and rent a villa first. The hotel is really uncomfortable. A month is not a big problem, and it will not be able to stand it for a long time. ”
"Okay, young master, I'll send someone to the Bay Area tomorrow to have a look. ”
"Excuse me, Fauber. ”
The Waldorf Astoria Hotel where he stayed was still good. This guy is the young master's illness again. Five-star hotels can still be uncomfortable.
"Fauber, arrange a celebration party in the next two days. Send a red envelope to celebrate. ”
"Okay, young master, how big is the red envelope?"
"Two thousand, anyway, there aren't many people. ”
"Okay, young master"
Giving red envelopes to subordinates is not unique in the United States. But it's also very rare.
Lao Mei belongs to a contract society, regardless of salary or bonus. Everyone has a contract. Red envelopes are a personal relationship, and if the amount is too large, there will be trouble.
Of course, everyone loves beautiful knives. As long as you are willing to give, of course, others will not refuse.
For the current situation, almost everyone except William White himself is dumbfounded. The first few guys to hire in Texas were no exception.
White Software can be said to be an overnight success. The benefits are certainly obvious. At least it's a lot easier for recruiters.
There are many people who want to work, but there are not many opportunities. Except for the very professional software engineer, the other positions are long gone.
Now many guys regret it, and they thought that this was a new company and should not be very reliable. Don't go out of business in a few days.
I ignored it at the beginning, but now it's hard to get in. It's not a well-known company, though. But it's still very bullish in the Silicon Valley area.
The reason is simple, the benefits of this product are super luxurious. Now Silicon Valley knows it. The owner of this house is a wealthy man in Texas. It's not the same as most people here.
Most of the guys who started businesses in Silicon Valley are self-made. Wright Software is indeed an outlier.
Fairchild Semiconductor is the grandfather of Silicon Valley. Every company has something to do with them to a greater or lesser extent. White Software, on the other hand, is a software company born out of a farm.
I have to say that this is very comic and legendary.
Texans are not popular in the United States, to be exact, not popular in the whole world. Rudeness, rudeness, and toughness are their true portrayals.
Several of Wrightsoft's security guards are also Texans. When I saw the boss, I just took off my hat and saluted. It's not a security hat, it's their cowboy hat.
It's nothing you see on the farm. This is Silicon Valley, and I really don't understand what William White thinks.
Actually, it's more of someone's bad taste. Anyway, everyone knows that he is very two. It's not appropriate to change too suddenly.
Besides, the local tyrant has no bad taste or is still a local tyrant. After you have a certain status, others will not accuse you. Even if he had, he wouldn't care.
Upstarts in the IT industry are not in the spotlight for the time being. It's not an important industry after all.
I have to say that the guy who knows you best must be your enemy. Others can not pay attention, and the Hunt family must indeed pay attention. The two families are already endless, and it is unrealistic not to send someone to keep an eye on them.
The result is naturally very bad, and now you have to dare to play the acquisition war. It was definitely the Hunter family who died.
How can an inexplicable company be worth 50 million? This world is so strange.
The valuation of 50 million is still casually estimated by the investment banks they are familiar with. They said it directly, and this price is no problem with the bank guarantee. If it is stock financing, the price of 50 million cannot be stopped.
They now need to think about cashing out, if William White ends up getting the company back. The fate of these shares can be imagined. It would be nice to get half of the money back at the end.