Chapter 63: Mass Electrons

……

"Bang...!"

With the sound of impact, the white golf ball was hit by Guo Shouyun in a beautiful arc, spinning and flying into the distance.

"Good ball! I haven't seen you for a few months, but the boss's skills have improved a lot!"

"Michael, how can I hear you're showing off? You guy just played an eagle ball!" Guo Shouyun said with a blank look.

Michael Moretz smiled, "I'm sincere. And I don't want to lose my job because of that. ”

"Lose your job? I don't believe that you took the initiative to ask me to play golf because you were afraid of 'firing the squid'! Tell me, what is the reason why you, a busy person, don't rest on weekends and have to pull me to play?"

"It's because it's a weekend, so I have to pull the boss out to play and relax. Of course, when you relax, you can talk about work things by the way!"

Guo Shouyun smiled, "What you just said is described in an old Chinese saying, called 'the fox's tail is finally exposed'!"

"What does it have to do with foxes?" Michael Moretz shrugged helplessly after saying his words with a sense of confusion, "Well, the colorful Chinese dialect is always difficult to understand... Since the boss asked, I'm going to get straight to the point, I'm here to ask for funding?"

"Looking for funds? When I called some time ago, I said, didn't you say that you have raised nearly 20 million US dollars? plus my 30 million, a total of 50 million funds are not enough for you?"

"Not enough!" said Michael Moretz, shaking his head.

Glancing at him, Guo Shouyun said, "Which company do you want to invest in?"

Founded in '97 and headquartered in Los Gaitu, California, Netflix is an online video rental provider. ”

As he spoke, Michael Moretz beckoned, and the secretary next to him immediately took out the materials prepared in advance from his briefcase and handed them over. Michael turned it to Guo Shouyun, who opened it and looked at it. After reading it, Guo Shouyun understood, isn't this the famous Netflix company in later generations!

Although it is far less well-known than Google, Amazon, Microsoft, Apple, and Facebook in the perception of ordinary Chinese, it is also the leading giant among American Internet companies.

However, Guo Shouyun has little interest in this Netflix company and has no intention of taking it under his command, but the investment is good.

"How much are you going to invest?"

"$50 million!"

"So many?" Guo Shouyun was a little surprised.

"In the U.S. entertainment industry, disc rental has a market share of $23 billion. And Netflix is one of the most promising online video rentals...!"

"Michael, you don't have to tell me about this company, I believe in your vision! Just invest $50 million, how much stake can we get for Netflix?" Guo Shouyun interrupted.

Michael Moretz is certainly grateful for his trust. No one wants to work under a boss who values themselves and is fully delegated.

"20%!" They plan to raise 50 million yuan to acquire BesTV and improve their online and offline distribution network! This is our only chance to get involved and get an important stake!"

Guo Shouyun nodded, "How many funds are you missing now?"

"50 million!"

Michael Moretz said with a little embarrassment.

"You've spent all the money in a few months?" Guo Shouyun said with a stunned glare.

"Well, yes, but we're all well-founded investments. And most of the projects were planned when I was at Sequoia Capital. Michael Moretz quickly explained.

"Tell me, what companies have you invested in in the past few months?" Guo Shouyun said with interest.

"Rotten Tomatoes Film Review Website invests $2 million and holds 40% of the shares!"

"TripAdvisor Travel.com invests $1.5 million and holds a 38% stake!"

"Craig's list invests $6 million and holds 23%!"

"'Salesforce' retail industry, investing $4.5 million, holding 33%!"

"''Backlog company, investment of $3.2 million, 25% of the shares!''

"'PayPal' PayPal, investing $2.2 million, holding 15%......!"

"Paypal?" Guo Shouyun suddenly said in a loud voice.

Michael Moretz nodded, looking at Guo Shouyun's expression, a flash of thought flashed in his eyes, and he couldn't help laughing: "Why, the boss won't take a fancy to this company, right?"

"I've been keeping Wendy watching it grow, but before I can do it, I let you get a head start. Michael, it seems that you were the right person to be chosen to manage Phoenix Capital in the first place. Guo Shouyun said with a smile.

Of the six Internet companies that Michael Moretz has invested in, he has never heard of the rest, except for Rotten Tomatoes, TripAdvisor and PayPal. However, with these three, you are guaranteed to make money, and it doesn't matter what the rest is. Especially PayPal, who later experienced the power of Alipay and WeChat Pay, is more interested in PayPal than Netflix, eBay, etc., and like Google, it belongs to one of the core companies that must be grasped in hand no matter what.

"So I ruined my boss's plan?"

Guo Shouyun waved his hand, "It's not that serious, it's just that you need to spend a little more money later!" After a pause, "Let's talk about Netflix! If you increase investment, is it possible to get more equity?"

"The boss is interested in it too?"

"No, I just believe in your vision!" Guo Shouyun smiled. For a project that will inevitably make money in the future, although he does not pursue holding, he does not mind investing more, especially now when the other party's stock price is still relatively low.

Taking a deep look at the smiling Guo Shouyun, Michael Moretz thought for a while, "I can try, but there is no guarantee that it will be successful!"

"It's good to be successful, but it's okay not to be successful. The 20% equity ratio is not low!"

Michael Moretz nodded, smiled and continued: "It seems that the boss has really made a lot of money in the publication of novels recently!"

"What, you've seen it?"

"Of course, who made you my boss. But I have to admit that your talent in writing is as good as your business acumen. Especially in "National Treasure", the setting of various plots is especially exciting!"

After glancing at him, Guo Shouyun smiled and said, "It seems that I have gained another book lover!"

After a smile, Michael Moretz continued: "If the boss has enough funds to surplus, I can recommend three investment targets to you. ”

"Is it a PE project?" Guo Shouyun said thoughtfully after glancing at him.

"Yes, the scale of these three capitals is not small, Phoenix Capital does not have enough funds, and the investment income ratio is relatively low. But there's no denying that they're all excellent. ”

Michael Moretz's investment vision has been proven over time, and Guo Shouyun trusts it.

"Tell me about it!"

"The first company, Biogen Eddy, is a biotechnology company that develops and develops the treatment of neurological diseases. The second company, 'Xaar Gene', mainly develops commercial oral and small particle drugs for the treatment of cancer and immune diseases. The third company, 'Mega Electronics', is a company that designs and manufactures semiconductors. ”

"Two biotech companies, it seems that you are very interested in this industry during this time?"

"I've been following the industry since you last reminded me. Indeed, the biotechnology industry is a high-growth industry that is not inferior to the Internet. Moreover, the industry is inherently technologically high, and once there are mature R&D results, it can grow as quickly as Gilead and Amgen. The R&D strength of Biogen Eddy and Xaar Gene ranks among the top biopharmaceutical companies, but their scale has grown, and the wholly-owned acquisition will require more than 200 million US dollars, and Phoenix Capital can't eat it!"

"Everyone can see a good investment project, even if we plan to invest, people may not be willing to sell!" After thinking for a while, Guo Shouyun shook his head slightly.

"The U.S. recession triggered by the NASDAQ crisis is our chance, and we have to give it a try!"

"I'll let someone contact each other when I go back, but what attracts you to this 'Giant Electronics'?" Guo Shouyun changed the subject.

While he was aware of the future explosion of biopharma companies, he was undercapitalized and had to make trade-offs when he had already decided to short Enron.

"I didn't notice it at first. However, when I was researching Qualcomm, I stumbled upon the fact that the CDMA department of this company actually holds most of Qualcomm's patent authorizations in CDMA research and development.

Guo Shouyun's footsteps stopped here all of a sudden. While his pupils contracted instantly, he stared at Michael Moretz and said solemnly, "Are you sure?"

"Sure!" was a little surprised and Guo Shouyun's reaction to this matter, "Boss, Juji is not Qualcomm after all." The vast majority of the patent fees generated by the CDMA standard have gone into Qualcomm's pocket!"

"Then why did you recommend it to me?"

Michael Moretz smiles: "For those who make investments, rarity means that there is value in the investment. Moreover, there is still room for development of the CDMA standard in the international community! In addition, Qualcomm's patent licensing fees are too high. I believe that some people will choose relatively cheap huge accumulations. ”

Guo Shouyun nodded. In fact, Michael Moretz also underestimated the value of the CDMA standard. In later generations, when smartphones were popular, Qualcomm relied on the baseband chip formed by CDMA2000 patents and the integrated SOC. The strategy of buying baseband to send SOC has killed Texas Instruments, the overlord of mobile chips, and dominated the high-end market of global mobile phone chips, and even the domineering Apple has to be restricted by it.

The final result is that Qualcomm has successfully won the reputation of "patent troll", "baseband maniac" and "industry tumor" in the world for its hegemony in the field of communication standards and baseband chips by virtue of CDMA patents. Of course, scolding is scolding, and after scolding, you have to pay the 'Qualcomm tax' obediently.