Chapter 505: Crisis 7
Before meeting with the CEO of Netsuite, Zhou Shi quickly learned about the company. It was founded earlier than Salesforce, the leader of SaaS, but the market value of the two sides is simply the same as the world.
"How can there be such a big gap between these two companies?" Zhou Shi asked
"It may have something to do with the direction of their development, in the SaaS market, Force chose to start with the easier CRM market at the beginning, so the early growth rate was very fast and the business scale was larger. NetSuite, on the other hand, chose a much more difficult breakthrough path and cut directly into the enterprise's core application ERP. "Pichai
"Hey, no wonder, the Internet era is fast, step by step, the founder of Netsuite is too blind. "Zhou Shi
"Maybe it has something to do with his work experience, after all, it's from Oracle," Pichai said
Zhou Shi thinks about it, even if he has rich experience, even his qualifications are limited, just like martial arts routines, if he can't jump, it is difficult to have great achievements. A good company and a good manager often need continuous progress and change, and if you don't know how to be flexible like Yahoo, you won't have much future if you stick to your shortcomings.
"We also need to learn from our experience and try not to let our past success limit our own development. "Zhou Shi
"Fortunately, this experience is difficult to use for the time being, and we have been on the path of pioneering and enterprising. "Pichai
"Hehe, it seems to be the case, I hope we can always maintain this pioneering spirit!" Zhou Shi
"It will definitely be!"
The two of them have left other companies in the SaaS industry behind, and there are really a few that have developed well, such as orkday and ServiceNo. Zhou Shi only then knew why he did not have many objections to investing in cloud computing in Silicon Valley, it turned out that many people have practiced such a company, and the two companies in China have invested in this area, whether it is a problem of vision, or a problem of courage, or a problem of human resources, the technical level of the domestic IT industry really needs to be improved. But many times Zhou Shi also feels that he can't blame domestic entrepreneurs, most Chinese people are oppressed by the heavy burden of life, and the cost of love is also very high.
It can be said that housing prices and love are the most important obstacles to the development of the generation of 70 and 80, and the concept of young people after 90, especially after 95, has begun to change, and the cost of love has begun to decrease, but the opportunities and fields of entrepreneurship are gradually decreasing. The success of US imperialism is multifaceted, not to mention anything else, and the cost of social living alone is five or six times lower than that of China. Even if there are many more human resources in China than in the United States, how can the competitiveness of the two sides be wiped out in a short time?
Zhou Shi and Pichai soon met with Ivan Goldberg of Netsuite, who was going to transfer Netsuite's shares to Time Holding Company (an offshore company) under Pichai's leadership. Larry Ellison owns forty percent of the shares, enough for them to sit on the company's board of directors and even become chairman directly.
This meeting was very pleasant, and the communication and exchange between the two sides quickly reached a preliminary unification, but such a thing must be informed by the company's board of directors and shareholders of all parties.
"How do I feel that this person seems to welcome our stakes" Larry and Ivan Goldberg left, and Zhou Shi and Pichai chatted.
"I feel the same, is there something wrong with this deal?"
"Well, it can't be some contradiction between Larry and NetSuite, right?"
"It's also possible, after all, that they have a business conflict with each other," Pichai said
Oracle's core is database and ERP software, so it seems that there is no problem, in the previous life Oracle acquired Salesforce unsuccessfully, and finally retreated to the next best thing and chose to acquire netsuite, although it is more because of the development of cloud computing to the point that Oracle can no longer ignore it, and there is also the excellence of Netsuite itself. So in addition to the initial financial support that is beneficial to the company's development, has Ellison's existence become an obstacle to the company's further development? Zhou Shi doesn't know, he doesn't know much about this industry, and the existing data is not enough to support his judgment.
Once the equity exchange between the two parties is decided, the specific implementation method is not worrying, he is only responsible for digging the pit, and how to fill the pit is not his business. Thinking about the employees below him, I feel pitiful, Twitter is from Galaxy Capital, NetSuite is from Larry Ellison, how can I change to the subsidiary of Time Holdings, how to do this with the least cost?
Zhou Shi couldn't pay attention to their troubles, after all, he didn't understand the hard work of grassroots employees in the financial industry, and he still had a lot of things to do. Facebook's fundraising has also stopped, and Zynga Games' fundraising progress is also fast without Zhou Shi's participation, at least there will be no exchange of shares of third-party companies. The valuation is not outrageous, and the valuation after the completion of the financing is only $2.5 billion, raising $300 million, giving up 12% of the shares.
The domestic criticism of Zhou Shi has finally reached the point of reporting Zhou Shi's tax evasion, whether it is a friend network, Weibo, Twitter, or web portal, there is actually information about Zhou Shi's tax evasion, although some are headlines on the front page, and some are second- and third-level pages. Cao Guowei actually gave Lei Jun a warning, but Zhou Shi ignored it, as long as it was not malicious slander, insults and other information that hurt Zhou Shi's personality would be released. None of the friends blocked all kinds of information about Zhou Shi.
Although Zhou Shi sits firmly on Mount Tai, it is a little difficult to control himself in China, and the voice of the government that wants to rectify Zhou Shi is higher and higher, and CCVV sent a team of capable personnel to Silicon Valley to interview Zhou Shi, always asking him to respond positively to things. Zhou Shi reluctantly agreed, what a hurry, even if the other party knew that Zhou Shi had done a good job with Disney and was in the process of public relations, Zhou Shi was not too anxious.
It has been some time since Huaxia's information reached the United States, but the news that Time Company cooperated with the FBI to catch more than a dozen hacker team members, as well as prosecuted some media authors who spread rumors and slander, has played a certain deterrent role in some media. The water army on the Internet in the United States is not as arrogant as in China, only reported by local small media, and the impact is not great, but the world has a lot of understanding of Zhou Shi's various gossip.
In fact, most of the information on the Internet is fake, whether it is Zhou Shi's application for a green card, or tax evasion, some information is still released by him on his own initiative within the company for testing, and someone really takes the bait, it seems that his secretary group is not so safe.
arranged for CCVV and ABC to interview him on the same day, and Zhou Shi and Chen Wen made careful preparations, so they had to fight back a little.
(End of chapter)