Chapter 445: Investing in Yahoo on
For Zheng Yan, Netscape is an abandoned son who is about to be abandoned, and if it is not necessary, he does not want to have too much contact with Netscape. Therefore, after Elite Technology had Steve Jobs joined, Zheng Yan temporarily canceled the plan to meet Jim Clark.
On Sunday morning, after Zheng Yan had breakfast, he was waiting for Yang Zhiyuan and David Ferro to arrive in the hotel. Seeing that it was almost ten o'clock, Jerry walked into Zheng Yan's room.
"Boss, the head of Yahoo has arrived. ”
"Let them in. ”
For this meeting, Zheng Yan has also been looking forward to it for a long time.
"Sit down, you seem a little nervous, would you like a cup of coffee to relax?"
Now Yahoo is not a famous Internet bull, Yang Zhiyuan and David Ferro are not billionaires, the two are still students at Stanford University, and it is inevitable that they will be nervous when facing Zheng Yan, but Zheng Yan does not like this atmosphere.
"No thanks. ”
Yang Zhiyuan has not forgotten the purpose of coming here today, they are to get Zheng Yan's investment, not for Zheng Yan's coffee.
"Let's have a drink, let's talk while we drink. Jerry, pour everyone a cup of coffee. ”
Perhaps in order to grasp the absolute initiative, although Yang Zhiyuan had refused, Zheng Yan still made a decision for them.
"Don't be nervous, we're just the same age, it's just my luck. You know, whether you can get the investment from me or not depends on your next performance, do you want to convince me with the current state?"
Maybe Zheng Yan's words worked, maybe the two of them had adapted to the situation on the spot, David Ferro said: "You're right, we were indeed a little nervous just now, but it won't be next, can we start now?"
Yang Zhiyuan and David Ferro are not ordinary people after all, and they quickly adjusted their mentality.
"Of course, you can start at any time. Zheng Yan said casually.
After hearing Zheng Yan's words, Yang Zhiyuan and David Ferro glanced at each other, and then Yang Zhiyuan took out two documents from the briefcase he carried with him and handed one of them to Zheng Yan.
"This is an introduction to our company, and there are some plans for the development of the company, you can look at it, or you can choose not to see it, because I will talk about it next. ”
"David and I are both veteran computer network enthusiasts, so we often use our spare time to surf the Internet. However, we found that although there was a lot of content we were interested in on the Internet, the site could not be saved, and we had to re-enter the address to log in every time. ”
"In addition to this, we found that there is no structured way to organize the information in a way that is so much interesting that it is easy for people to browse, like a library without a book search roster. ”
"Can you imagine looking for books in a library with tens or even hundreds of thousands of books, but no book search roster? It's a terrible feeling, and that's why we want to change that. ”
"We wanted to design a roadmap for the Internet, like a library's search catalog, to organize users' favorite websites together by different themes, and to design a search engine to help users find their target sites as quickly as possible. ”
"With this goal in mind, we've been working on the compilation tool for over a year and have named it the World Wide Web Wizard. The number of sites on this guide is currently close to 10,000, and we believe that the number of sites will increase in the future. ”
"I have to say that this is a very big and tedious job, and as the content increases, so does the work we need to do. But for the sake of ourselves and our friends to be more comfortable online, we persevered. ”
"You heard you right, we did this just for the convenience of ourselves and our friends, or for fun. ”
"As for setting up a company now, it's because we put so much energy into it, even if we graduate in the future, we won't have the energy to go out to work, and as for giving up Yahoo, we are reluctant, so we can only choose to turn our hobby into a business. ”
“…”
"I'm sorry, but excuse me. Your initial idea is very good, and this persistence is also very admirable.
However, I would like to know about the current situation of your company, as well as your plans for the future and profitability prospects of the company. ”
"And you don't seem to mention any of my concerns. You know, I'm an investor now, and as an investor, my first concern is how to get a return on my investment. ””
For Zheng Yan, investing in Yahoo is an untouchable plan, and today's meeting is just a formality. After listening to Yang Zhiyuan's chatter for a long time, Zheng Yan became a little impatient.
"I'm so sorry, but every time I talk about Yahoo, I always have a lot to say. Our goal is to be the world's largest media company, and we believe we can do it. ”
"We had an offer from Amerie and Microsoft a long time ago, but we turned it down because we were still using Yahoo as a hobby. However, I think this already shows the potential of our company. ”
"Yahoo now has more than half a million visits per day, and it's growing. According to David's plan and me, the company will use the traffic to the web page to sell ads, which will also become the company's main source of revenue. ”
"We've done this before, and we've consulted with some professionals. Although the current penetration rate of the Internet is not very high, the market for online advertising is still not small, and it should be about 20 million US dollars. ”
"The most important thing is that we have not found any strong competitors at present, in other words, the market of online advertising is almost contracted by us. ”
Yang Zhiyuan is still a student after all, and when he talks about the market share of 20 million US dollars, the excitement in his eyes can't be hidden at all, and David Ferro on the side is the same.
Thinking that Yang Zhiyuan and David Ferro, who will be billionaires soon after, are excited about 20 million US dollars, and it is still a market share, not a profit for the company, which makes Zheng Yan feel that this meeting does not seem to be as boring as imagined.
"Advertising revenue is indeed a good profit point, but as a company, you can't just rely on one project to make money, do you have any other plans?"