Chapter 340: Treasure Company
"Why do you want to buy Yitang.com? This company is doing very badly, I looked at the access statistics, and it can't even rank among the top 50 in the country. Zhou Mengyi asked curiously.
In this acquisition of Yitang.com, she is one of Yuwenfei's assistants.
Hu Jingjing next to her, as Yu Wenfei's secretary, of course, also participated.
She also looked at Yu Wenfei curiously, recently, Hu Jingjing has made up for the knowledge of the domestic Internet industry.
For the local Internet companies in Modu, of course, she focuses on understanding, and because of this, she also knows some Yitang more or less about the situation.
This is a well-known "bottomless pit", 50 million US dollars went in without a sound, why did Yu Wenfei want to buy this company.
"Hehe, Yitang's business situation is indeed not very good, but Yitang has a lot of wealth, and many people don't find out about it. Yu Wenfei replied with a smile.
This sentence attracted the attention of the two women, a lot of wealth?
The biggest asset of an Internet company is generally the brand, that is, the domain name, or the number of registered users, or the technology patent.
However, none of these three Yitang are there......
In terms of brand awareness, new netizens in the past two years have basically never heard of the name Yitang.
How many registered users?
Does Etang have a million users?
Is there 500,000 monthly active users for this million users?
Is there 100,000 daily active users?
Not to mention 100,000, according to the latest data found by Zhou Mengyi, the average number of daily IP visits on Yitang Network in the past month is less than 10,000.
As for technology patents, the early domestic Internet companies had no patents at all.
All of them are plagiarism or application of foreign Internet enterprise models.
That's all there is to it!
There is no exception.
............
In Zhou Mengyi's eyes, Yitang.com has nothing, only a large number of high-paid employees......
This is a big burden, and if Yuwenfei acquires Yitang.com, how to deal with these employees is also a big trouble.
"What kind of wealth does Yitang.com have? I can't even think of it. Hu Jingjing thought about it for a long time, but gave up her efforts and asked Yuwen Feidao directly.
"It's their employees. Yu Wenfei uncovered the mystery.
"Huh?"
"Wouldn't it! Those employees made Yitang like that, and it's still wealthy?"
The two exclaimed at the same time, unbelievable, in Yu Wenfei's eyes, those high-paid and incompetent employees turned out to be wealth.
Yu Wenfei patiently explained to the two: "Although Yitang.com is about to go out of business, this has little to do with employees, mainly the decision-making of the company's core leadership. Yitang.com wants to do everything, but it doesn't do anything, and the executives can't get rid of their responsibilities. But you have also seen the website of Yitang.com, whether it is the access speed, or the page layout, or the user experience, to be honest, it is definitely beyond several major portals!"
This is undeniable, Zhou Mengyi and Hu Jingjing both nodded at the same time.
The access speed of Yitang.com was very fast, and at that Internet speed at that time, if you wanted to open the website of Sina or NetEase, you sometimes had to wait for more than a minute.
But Yitang.com is different, it really opens in seconds!
Of course, this is related to the small number of users of Yitang.com, but it can also explain certain problems, the website optimization is done well, and it is technically ahead of Sina and NetEase.
Of course, the extravagant computer room and bandwidth of Yitang are also the basis for a good user experience.
"In Yitang Company, Qingbei has resumed diplomatic relations, and even a large number of graduates from Ivy League schools, any programmer may have graduated from Massachusetts, and these people were fooled by Yitang at the beginning. Although there have been several rounds of layoffs, I have noticed that the core technical staff are still in the company. These people are Yitang's greatest wealth. Yu Wenfei sighed.
As an Internet company, creativity is important, but technology is the foundation of all creativity.
He didn't want to rely on those part-time students to win the world.
At the beginning, Yu Wenfei's eyes were to look at the world and compete with the world's top Internet companies.
If you want to be top-notch, your employees must also be top-notch!
Relying on headhunters to dig or recruit by yourself can also slowly gather talents.
But Yu Wenfei can't wait, he needs a mature team to quickly get the company up and running.
After choosing, Yu Wenfei discovered the "treasure company" of Yitang.
Hey, to be honest, these talents are really tyrannical in the hands of Mr. Tang, and they have not exerted their due power at all!
Yu Wenfei ostensibly wants to acquire Yitang Company, but in fact, he has only one goal, that is, Yitang's technical team!
As for the business operation staff, go where to go!
As far as Yitang's current situation is concerned, it has a lot to do with the incompetence of business operations.
Of course, he will not stay at the top, what is the use of the MBA of Harvard University of Chicago, are they familiar with the needs of domestic netizens?
Make a PPT, give a speech or something, maybe these MBAs are very good at it, but when it comes to practice, they are at a loss.
However, the company's technical personnel who graduated from major universities are real talents.
You only need to buy Yitang, and you can immediately have a highly educated, rich industry experience, and a technical team that has been running in for more than three years!
Of course Yu Wenfei is willing to do such a deal!
............
Early the next morning, Mr. Tang made a phone call to Pete.
"Pete, I've got it figured, sell it......"
Before he could finish speaking, Pete immediately said: "This should have been done a long time ago! You contact that star technology company, and we will start negotiations as soon as possible! Regarding the valuation of the company, the two of us will meet again to discuss." ”
Selling the company, the two major shareholders, that is, the VC represented by Pete, and Mr. Tang, the two parties reached an agreement.
But when it comes to the valuation of the company, this is more difficult to calculate.
If it is a listed company, the valuation of the company is much simpler, and the market value represents the value of the company.
Or it is an industrial company, which is also easy to value, with fixed assets accounting for a part, and the annual revenue and profit accounting for a part.
But for Internet companies that have not yet been listed, valuation is a big problem.
Like some well-developed Internet companies, the valuation of the ABC round is actually based on the company's future outlook and expectations, and does not represent the actual value of the company.
Sometimes, the number that comes out publicly is much higher than the number of actual deals, which can be regarded as a way to hype up the company.
Just like some companies advertise a Series C financing of 1 billion US dollars and sell 10% of the shares, it means that the company's valuation has reached 10 billion US dollars!
But this number is most likely very much moisture.
In fact, it may be that VC only took 200 million US dollars and took 10% of the shares.
Therefore, the value of Internet companies is relatively empty, which is an unspoken rule known in the industry.
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