Just when Zhou Shi thought that YouTube's valuation would rise further, several major media giants seemed to have made an appointment, and within a week, they issued lawyer's letters to YouTube, demanding that YouTube stop infringing at the same time, and at the same time, reports of YouTube's rapid development by relying on piracy appeared in an endless stream.

Microsoft and Google stopped negotiations at the same time, saying they wanted to wait until the copyright lawsuit was over.

Seemingly overnight, praise for YouTube suddenly turned to denigration, and the media was flooded with malicious rhetoric, even on Twitter.

Zhou Shi deliberately asked Dai Furui what was going on, and the other party reasoned that everything was normal, and it may be that the infringement of YouTube pipes caused public outrage.

Well, it's a good excuse, after Zhou Shi repeatedly emphasized, he still didn't get a satisfactory answer, knowing that this wave of crisis is not so easy to deal with, and Twitter's help is useless.

"What are we going to do? Why are Google and Microsoft stopping the acquisition?" Hawley shouted hysterically at a meeting with Google representatives.

The representatives of Sequoia and Google did not speak, and the negotiations some time ago, in addition to the complexity of the matter itself, the non-cooperation of the three founders in the later period was also one of the problems. Want a higher offer, want to reject the acquisition, and keep the operation independent. It's naïve to blame someone now.

"YouTube's copyright is too risky, and Google's acquisition now is equivalent to buying a ticking time bomb, and their board of directors has not agreed to buy it at the current price. ”

"Then how much money are they going to use to buy?" Cheng Shijun

"It's not clear, maybe not more than $5 billion, right?"

"It's impossible, Microsoft has promised a minimum $5 billion valuation," said Hao Li

"You can go and try" the man was clearly emboldened

The next situation turned out to be worse and worse, and Microsoft did admit the minimum valuation of $50, but put forward impossible conditions, such as 90% market share. Within days, Columbia, Paramount, Time Warner, News Corp., and Universal each filed lawsuits. The only thing Zhou Shi could do during this time was to find a lot of well-known law firms on copyright litigation and talk about this film and television copyright litigation. Even if he is representing a certain film and television company, such as a law firm serving Warner, YouTube will talk to him about the Sony and Universal cases. Before the formal lawsuit began, YouTube spent nearly a million dollars. The effect is also very significant, it is difficult for these companies to form a joint force, and YouTube has also invited several very good law firms to cooperate. As for the dozen or so excellent law firms that have been communicated with, they can no longer provide assistance to film and television companies involved in these cases due to relevant laws or industry rules.

The valuation of the oil pipeline fell down like a cliff. From a peak of nearly $7 billion to a current valuation of less than $3.5 billion, there are other constraints. Microsoft and Google are also negotiating with YouTube at this price point, and there is little they can do. What's more serious is that YouTube is also about to fall into a shortage of funds, and Google Adsense's advertising revenue has been delayed. A series of blows have had a great impact on the oil pipeline. The company was panicked for a while, and some people had already begun to poach people, as if the collapse of the oil pipeline was just around the corner.

The three founders of YouTube also had insomnia for several days, their mood was extremely complicated, and the blow came too suddenly, Zhou Shi was actually not very worried, and there was no need to worry too much about legal disputes, if he really wanted YouTube to compensate a lot, it was basically impossible. But if these major media conglomerates are going to bring YouTube to an end, it's not just a legal matter. However, judging from their separate lawsuits, they should not have the idea of doing things absolutely absolutely.

Zhou Shi also visited Deng Wenzhen and learned some insider information from it. At least Warner and News Corp. don't have to think about having to struggle with YouTube. Paramount's matter is quite complicated, and I don't know what the other party thinks.

James, of the C TV network, doesn't know the specific reason either. Although they have made a lot of achievements, Warner and Paramount are not very kind to them, and C has received the least resources. There is simply no scenario where two giants support the C TV network at the same time. And the current leaders of C are still a little timid, do not dare to take a path of independent development, and YouTube and cooperation are still a lot, without the promotion of YouTube, their market share will be worse, this is their last resort. It's a pity that they have too little high-quality content, and it's obviously not attractive enough for users.

Zhou Shi went out to go around Silicon Valley, and for the time being, he didn't think of any good way to solve copyright disputes, and when he returned to YouTube, he had to worry about money. Zhou Shi is not short of money, but will it be a waste to use it on YouTube? This year, he was going to go public, but he was interrupted before he started, and now he is starting again, and when he waits for the official IPO, I am afraid that the subprime mortgage crisis will happen at its peak. Moreover, the current copyright crisis has not been resolved, and it is impossible to go public. If it drags on like this, why will it not have a chance to be listed until after 2010, is it worth it to be trapped in it for so long?

The concentrated outbreak of various crises also made Zhou Shi know that even if he was reborn, he would inevitably encounter many difficulties. There is no shortcut on the road to entrepreneurship, and only by going through step by step can we be more down-to-earth. Analysys International has put together a think tank team of 5 people, associate professors from three universities, and 2 middle-level cadres with working experience in IBM and McKinsey. I had communicated with them the specific situation in the phone and email in advance, and when I met Zhou Shi and communicated with them for a while, I was no longer interested, either saying that this crisis was very serious and let Zhou Shi give up as soon as possible, or that this was a suppression by several large companies, and they still wanted to find an opportunity to acquire YouTube, so they must stick to it, as for how to persist and to what extent, they did not say. Return these people directly, and now you don't have time to adjust them, you still have to rely on yourself.

Zhou Shi finally asked Friends.com to recruit a few more assistants for himself, three from China, plus 5 recruited by Silicon Valley, a total of eight people, three women and five men, four whites, and four Chinese. They have just graduated from college, or are still in the internship, helping Zhou Shi analyze various situations, what can be done to solve the situation of YouTube, and whether to continue to invest money now? Young people's ideas are more bold and imaginative than those of the older generation. In the face of this situation, we have not lost confidence.

Zhou Shi also made his own decision in their various ideas.

"I put in $200 million to take a stake in YouTube, but I want 10 percent of the shares, and after we sign the contract, within three days, the first $50 million or less will be in my account. Zhou Shi made his own statement at another regular meeting of the company, and it depends on the three founders who disagree. Not long ago, it was valued at six or seven billion dollars, and now it has raised less than two billion. Although an acquisition is not the same as financing, it is certainly impossible to say that these people have no other ideas.

"I agree!" Cheng Shijun didn't let Zhou Shi wait long, and immediately gave a reply.

"I agree!"

"I agree!" Karim

Zhou Shi looked at them in surprise, why was this?

"Don't you want to think about it anymore? Maybe someone else will have a better offer. "Zhou Shi

"Don't think about it, we have learned a lot from things during this time, you are investing so much now, the risk is very high, we don't suffer. "Cheng Shijun

(End of chapter)