Chapter VI Cisco85
Henry had dropped out of Stanford High School, and now he was busy with the development of Cisco and the Nicholas Bookstore property.
Woolf made up for the embezzlement of the company's money the next day, and he was afraid that Henry would trouble him. Woolf and the others thought that Henry would not sell the bookstore, but they were wrong. Henry moved quickly, and a week later, he got in touch with three well-known bookstores in California, and he had basically reached an intention to sell. When representatives of the three bookstores arrived at the headquarters of Nicholas' Bookstore, Woolf and the others were dumbfounded.
"Henry, you have no right to do this!!" Woolf yelled at Henry.
I am the controlling shareholder and have been formally informed to you at the board meeting. Therefore, selling a bookstore is in line with all the processes. Henry said lightly, "Of course, my promise that day is still valid, no more, no less, or a 5% premium!"
After Henry finished speaking, he led the representatives of the three booksellers into the parlor. Woolf and the other shareholders looked at each other, and then followed.
At the negotiation table, the general content, Henry has already negotiated with the representatives of the three families. The acquisition of Nicholas Bookstore by three bookstores did not include the brand name "Nicholas Bookstore". The acquisition capital is $20 million!
As soon as Woolf and the others saw the contents of the agreement, they knew that they were going to lose money, and the bookstore was originally worth $24 million, but now it was sold for $20 million, a loss of $4 million at once. As for the brand name of the bookstore, it has little value to them, and they don't value it at all. What's more, Henry also bought their shares at a premium of 5%!
If you do that, if the bookstore is sold, they will lose a lot!
"Chairman, this ...... I'll sell you my shares. A minority shareholder said to Henry.
"Yes. Henry looked at him meaningfully, then nodded.
"Chairman, I'm going to sell it too!"
“……”
The minority shareholders basically said they wanted to sell their shares to Henry, and in the end, only Hank Woolf remained. Hank Woolf holds 12.5% of the shares and is the vice president of the bookstore, and he is in a high position, and he is embarrassed to bow to Henry for a while. Henry looked at him and smiled playfully: "Mr. Woolf, it seems that you are not going to sell your shares, hehe, it's okay, I will save more money." ”
Hank Woolf's face was almost dripping blood: "No, it's not. I'm also going to sell my shares!"
"Mr. Woolf is a wise man, and he knows the times!" said Henry, smiling sarcastically, "Well, since you have both decided to sell me the shares, transfer all the shares to my name now, and I'll let the treasurer write you a check!"
"Good, good!" Shareholders large and small nodded.
An hour later, Woolf and the others left the company satisfied. Henry looked at their backs and shook his head inwardly, if it weren't for the fact that he wanted to avoid a dispute over the brand name "Nicholas Bookstore", he would not have bought their shares at a premium. After all, they are shareholders, and the brand name also has their share.
At three o'clock in the afternoon, Henry signed contracts with three booksellers. Before that, Henry had already recruited a real talent in the company. He was Gilly Hutt, 30 years old, who was originally a team leader in the company's book buying business. He is very capable and has a high level of social interaction, especially with major publishing houses! Henry values this very much, so he decided to hire him as the company's purchasing manager.
That's right, Henry is going to build a new company modeled after Amazon Bookstore, and the name of this company is undoubtedly "Nicholas Bookstore"!
Henry's grandfather left him a large inheritance, bank deposits, villas, etc., plus Nicholas Bookstore, with total assets of more than 30 million dollars. But the trick is that the inheritance tax in the United States is simply desperate, and at least half of the more than $30 million has to be paid! Henry honestly went to pay the tax and paid $17 million. The U.S. estate tax specializes in dominating large households, and the richer they are, the more fierce they are.
Henry felt as if he had come out of the tax office with a layer of skin off his body!
Nicholas Bookstore is also established in San Jose, although the time is not yet ripe, but it can be built a team to hone and hone first, and this little money Henry can still afford to burn. What's more, Cisco is in Henry's hands. He understands very well that the advent of the Internet era will be more "ferocious" than in his previous life, and once he fails to seize this opportunity, he may be eliminated.
At the same time, Henry also moved to San Jose to live with the Bosses, but his main purpose was to get food. Henry was delighted by Cisco's development, and according to Posack, the first router is expected to be developed in August, at least half a year earlier than in the previous life. After Henry moved to San Jose, he taught himself and wrote novels. The West German publishing house always sent people to chase the manuscript, and Henry thought to himself that he should finish writing Harry Potter by himself while the two companies were not busy with business, otherwise he would not know if he would have time to write it in the future.
Recently, Harry Potter's second book, Harry Potter and the Chamber of Secrets, topped the best-selling list of American novels for six consecutive weeks, with a total of more than 3 million copies sold, and drove the first Harry Potter and the Philosopher's Stone to sell well. The West German publishing house rejoiced, eager to offer Henry as God. When Henry received the second time he received the manuscript fee, it was more than three million dollars, nearly two million more than the first time. Lerner often quipped, "Henry, you write novels every day, and I believe that one day, you will be the richest man in the world!"
Henry gave her a roll of his eyes and said with a smile: "I'm already the richest man in the world, because I own 60% of Cisco's shares!"
As soon as Henry finished speaking, Lerner smiled, she absolutely did not believe what Henry said.
On July 1st, unable to stand the eager and eager "eyes" of the West German publishing house, Henry sent the third Harry Potter book, Harry Potter and the Prisoner of Azkaban, which had already been written earlier, to the West German publishing house. It didn't take long for newspapers and media to be filled with advertisements for the third part of Harry Potter.
"The third new work of the genius boy Harry Potter is a new donkey - "Harry Potter and the Prisoner of Azkaban" !!"
"A new book by an eleven-year-old genius writer!"
That's right, Henry is eleven years old, his birthday on June 19th. Moreover, because Harry Potter is too popular, many Harry Potter fans affectionately call Henry "Harry Potter", and many of them are behind the operation of the bad guy of the West German Publishing House, and some of Henry's deeds in the UK are publicized. Henry's uncle, Peter's family, suffered, and was wildly abused and despised by fans around the world. Since the first Harry Potter became popular, it was led by the West German publishing house, and the British Penguin Press got in touch with Henry and signed a licensing contract, the contract was that Henry Williams authorized Penguin Publishing to the European paper rights of the "Harry Potter" series of novels, and the royalty on the manuscript reached 12%. However, the settlement of manuscript fees is settled once a year.
It didn't take long for Hollywood to come, it was a small film company, and anyway, Henry's film company, which had never even heard of its name, opened its mouth to ask for the film adaptation rights of the novel.
Henry asked how much they were going to pay?
The person in charge saw that Henry was young and thought it was easy to bully, so he shouted "with a lot of money": "One million dollars, the film adaptation rights of the entire novel series!"
"Fuck off!! "Fucking second-hand dealers, deceitful people came to me, Henry suddenly scolded in his heart.
"Don't be angry, Mr. Williams, the price is easy to say. The person in charge of the small film company smiled shyly, "Or, you make a price?"
"I'm sorry, I don't have any idea of selling the rights to the film adaptation of the novel right now, if I do, I'll call you and let you know!" Henry stood up and ordered the eviction.
Subsequently, several batches of Hollywood studios came one after another. Henry refused one by one, Henry knew very well the value of the Harry Potter IP, and the profit from selling the book was only a small part of it, and more importantly, the peripheral income after the movie. And this premise is that the film must be successful. Therefore, Henry would rather let a powerful film company make a classic for free than make a bad movie for a little money!
Stunts are a key to Harry Potter's success.
It's only 1985, which is early.
As August approached, Henry could clearly sense the tension within Cisco. Everyone is hopeful that a new product is about to be developed, but at the same time it is inevitable that they will be nervous. Because they are walking the path that no one else has ever taken......
Henry also came to the laboratory to "get started", but the whole R&D team was always ecstatic with every wonderful idea.
"This is my student, the proudest student!"
On August 5th, Cisco's first router was finally available. Bossak asked Henry to name it, and Henry thought for a moment and said, "Let's call it Cisco85, August 5, 1985." It's a great name, isn't it?!"
"Well, that's a !!good name," said Bosak, who was pleased to hear Henry say this.
So, the name of the first Cisco router was decided.
Cisco85.
When something comes out, it has to be sold.
Mr. Bossak said he could go to Stanford University and pitch it.
Henry shook his head, this is the typical way of thinking of a technical person. How do the capitalists play?
I have never eaten pork and never seen a pig run, Henry raised his head and said, "This, Mr. Bosak's idea is very good, but the effect is slow." I think we can give it to some well-known universities or scientific research institutions for a period of time, and then we can take it back, and if they want to continue to use it, then buy it. Hehe, but I think once they use our company's router, they will definitely be inseparable from it!"
"Good !!," Bosack exclaimed excitedly.
But at this time, Lerner, the company's financial officer in charge of money, poured cold water on him: "The company doesn't have much capital, so I'm afraid I won't even be able to pay my salary!"
"Then, I'll invest another two million......"
Henry blushed a little for a moment, feeling as if he was evil. Invest another two million, and the Bossaks' shares will be diluted. But the company has no money, and in the end it still has to be financed, who finances is not financing, why bother to cheapen others, Henry comforted himself in his heart.
The Bossaks thought about it for a while, and finally agreed to Henry's request for financing.
In terms of allocating shares, Henry only needs 10%, which is definitely the conscience of heaven and earth. Sequoia Capital raised $2.5 million after Cisco had already developed, but took a third of someone else's shares, which is simply a "hungry wolf legend". This kind of "legend" has been staged many times by Sequoia Capital......
Mr. and Mrs. Bosak were embarrassed, at the beginning of the company's establishment, Henry invested one million to get 60% of the shares, and now a year has not yet arrived, there is only one product, Henry invested 2 million US dollars, but only took 10% of the shares, Mr. and Mrs. Bosak only felt that they were taking advantage of Henry, taking advantage of the child, but it was unacceptable!!
The Bossaks discussed it and finally decided to give Henry a 25% stake.
Don't, so much! Henry swallowed when he heard the Bossaks' decision.
"Mr. Bosak, you gave me too much stake!"
"Not much at all!" said Bosak.
Henry shook his head, the Posacks are such honest people, and they are good teachers who teach and educate people, they can't take too much advantage, this is morally unpassable, and secondly, Cisco will develop in the future, and it is difficult to guarantee that the Bossacks feel unhappy. If both parties are unhappy because of today's incident, it will be bad, and if there is a problem with the management of the enterprise, the trouble will be great!
If they can't get angry, take the team out to start a business, and get another competitor to come out, Henry will cry to death!
"Well, give me 15 percent, and I'll have a troubled conscience if I do any more. ”
Seeing Henry's resoluteness, the Posacks finally agreed to his distribution. At the same time, the two also appreciate and like little Henry more and more, treating him like their own children.
In the end, Henry owned 75% of Cisco's shares, and the Bossaks owned 25%.