In fact, William White, the boss, is very incompetent, and Yahoo, which is about to go public, is the top priority of White's investment.

Not to mention anything else, just a valuation, a group of Wall Street bigwigs have already quarreled.

Two years ago, how much valuation could you give to a business with only a million hits?

100 million is too expensive, right?

If it weren't for Wright's investment, no one would have bet. This valuation is simply outrageous. When you put it in William White, was it worth ten million?

It's not worth it, five million is at most, but, so what?

In '96, Yahoo's weekly visits jumped directly to 45 million.

But so what!

You lose more than one million a year, how can we calculate the price-earnings ratio? One billion, it can't be higher, this is the last quote, we won't add another dime!

However, in the last quarter of '96, Yahoo's advertising revenue exceeded 10 million. According to the contracts they are signing now, advertising revenue alone has the opportunity to challenge the 100 million mark this year.

The country has a population of roughly 270 million and less than 20% of Internet users. Yahoo's weekly hits are close to 100 million.

Come on, come on, I'll give 1.5 billion in cash and buy it as a whole.

Is a company of 180 people worth 2 billion? As the lead underwriter, Da Mo has already collapsed a little.

"Bastard, the guy who said he was going to buy it as a whole, what did White Investment say?"

"Ahem, boss, refuse, William White will inject another 200 million. The valuation gives two billion. ”

For a moment, Andy felt the air around him condense. Nima, Da Mo is embarrassed this time, will you play it?

If it is really listed at a billion valuation, this will definitely be the biggest joke of the year.

"This was just decided?"

"Yes, William White is back and rejected the Footbasin Man at the first time?"

"SoftBank, huh?"

"Yes, the footbasin man flinched, for some unknown reason. ”

"Hmph, what's so strange about this, William White has a close relationship with the Footbasin Consortium. Does he think he's Mitsui?"

Of course, William White wants to squeeze the space of Lao Sun, just kidding, if something goes wrong, it won't end well.

So, on his first day back in Los Angeles, he decided to clear the field.

Fuck off, you have a net worth of a billion dollars at best, although it is also powerful, but is there a comparison between us?

To be honest, Filson was puzzled. Of course, it is impossible to be acquired as a whole, and it seems a bit too much to drive out investors directly, right?

Yang Zhiyuan first knew the news, and of course expressed his dissatisfaction. In fact, he and Sun Zhenyi have already talked about a seven-seven-eighty-eight.

But, two billion!

There is no doubt that the rich are the uncles. Moreover, William White did not want strategic investors, he just limited his shares.

What stunned Da Mo was that there was still more than a month to go public, and if you were a moth at this time, investors should vote with their feet.

But instead of backing down, investors are getting more excited. Walked a Softbank, but instead rushed into a bunch of footbasin consortium.

Is this a conspiracy? William White went to the footbasin this time, just for this?

Wall Street fund managers are dizzy, and they really don't know what to say in the face of various customer inquiries.

Do you dare to say that it is bad?

Think about Netscape and Pixar, didn't you try to belittle it in the first place?

What happened?

Customers who felt they were being fooled, of course, voted with their feet. You bastards, will you invest in the end!

Damn, why doesn't the White Fund engage in private placement.

"Warren, you're a rarity, and I won't get up to greet you. ”

William White didn't mean to deliberately snub Buffett, not to mention the forces behind him, that is, the age of this guy, you have to have corresponding respect.

Seeing the mountains of documents, Buffett couldn't help but laugh. Well, the rumors from the outside world, it seems that there is something problematic. Being able to approve so many documents is not a stubborn child.

"Are you, a year's worth of papers?"

"How is it possible, these are all signed and many things are done by email, these are legally enforceable, and it is impossible to go through email. ”

"Hahaha, I don't have so many documents to sign. ”

William White squinted at the item and handed over a cigar. "Here's one, Cuba's top products, it is said, all made by beautiful women, don't lose any ugliness. ”

Buffett didn't say anything polite to him, and when it came to enjoying it, he was really inferior.

Lighting the cigar, William White turned his sour neck. The clicking sound made Buffett on the other side speechless. You goods, don't go out to wave, it will definitely not be so hard.

"Warren, I'm in business, of course there's a lot to do. If it was an investment company, I would have done it in two days. ”

"Also, the purpose of coming here today is to ask for advice. ”

"I don't dare to ask for advice, let's discuss with each other, in fact, I like your investment philosophy very much. By the way, I'm the majority shareholder of your company, you don't know, right?"

Warren Buffett pinched his glasses and took a puff on his cigar. How could he not know that close to 5% of the shares is almost the largest individual shareholder.

"I'm curious, since you also agree with value investing, do you think those Internet companies are valuable?"

"Of course there is, and at the same time, I correct your statement, I didn't say that there is no bubble on the Internet.

On the contrary, many companies are simply messing around. You know, my venture capital firm has rarely invested in Internet companies in the United States anymore. ”

"What you mean is that good companies still have value. ”

"In fact, the Internet is a winner-takes-all industry, and the competition is fierce.

Moreover, the first-mover advantage is very important. Without Soeasy, Yahoo's valuation would be even higher. You see, from clicks to ad revenue, Yahoo has the upper hand across the board. ”

"Winner-takes-all? It's a bit risky. ”

"It's big, Soeasy started earlier than Yahoo, and the funds are more abundant than them, but Soeasy just lost, although the gap is limited, and if you lose, you lose.

However, there are also benefits, and the search engine is basically these two.

In fact, the two have different ideas, Yahoo is equal to Soeasy plus NBC Online. It's a portal plus search, and I'm here that two systems work entirely. As for the reason, I think you can guess. ”

"Hahaha, anti-monopoly? ”

"Well, they don't like me very much, and any guy who comes up always wants to cut me. Of course, for every guy who comes up, I will also deliver a big meal. ”

The grievances between William White and the Ministry of Justice are known to almost everyone in the United States. Overall, he plays a good guy who is bullied.

Since he is a good man, the Ministry of Justice is naturally evil. In the long run, the relationship between the two families will be good.

William White wasn't quite sure how much Buffett would listen. In general, he will make some attempts.

Because everyone's identity has arrived, there are some things that can be said directly. In this regard, William White and Warren Buffett have a good reputation.

What, why is this old boy cheap.

Thinking too much, it's just money outside the street, whoever has the ability will take it. If Warren Buffett invests, Yahoo's valuation will increase again.

If you insist on not letting others take advantage, then it is better to simply privatize.

Privatization may be a good option. However, have you ever seen an internet company that has been privatized?