Chapter 504: Crisis 6
Affected by various influences, Zhou Shi suspended the financing of the American friend network, and the first thing to promote was Twitter, an enterprise that does not have a great influence on Galaxy. Although it has a controlling stake in Twitter, neither Zhou Shi nor Galaxy Capital has paid too much attention to Twitter. So Twitter's financing has not been affected much, in fact, the financing of other companies has not been affected much, but some venture capital has put forward higher prices.
"Why are they?" Zhou Shi was puzzled
"If something really goes wrong, these ventures have the opportunity to make greater profits, and if nothing goes wrong, the normal development of these companies can also allow them to guarantee returns. So no matter what the outcome is, they can get in and make money. Lu He explained
Zhou Shi thought about it for a while, and also recalled, now most of these financing companies are under the control of Galaxy Capital, and there are few venture capital, even if Zhou Shi is knocked down, they will not get any benefits.
Twitter raised $300 million at a valuation of $3 billion, and Galaxy Capital controlled just over 50 percent of the shares, which was still because Dai Furui was out, and he took back some shares, otherwise he would have lost his controlling stake again this time.
"Are you still going to give me a stake in Twitter?" said Larry Ellison
"Of course, but conditionally, in the short term I will retain the voting rights, and we will be consistent before the listing. "Zhou Shi
"That's all it takes?" said Ellison
"If I don't have any hope of winning, no amount of contracts will be in vain. For those restrictive contracts, I would prefer your help. "Zhou Shi
"Haha! You're finally willing to speak, I thought you'd hold on to it! Ellison laughed
"After all, my strength is still too weak. "Zhou Shi
"You can rest assured, Silicon Valley is not the world of Wall Street, and the United States is not the America of Wall Street, and we will not sit idly by and watch them mess around. Ellison had something to say, and he seemed to know a lot about Zhou Shi's situation, but he wasn't prepared to inquire.
"That's good, with your help Larry, I'm much more relieved" Zhou Shi
"By the way, do you want cash or stocks?" Ellison didn't continue the topic just now, now that things haven't come to that point, let's get the Twitter thing done first, and I don't want to delay it for a long time and be affected by other things.
"Stocks, whether there are other potential small company stocks, even if they are not listed, Oracle doesn't make sense to me, if there is no suitable one, just cash. "Zhou Shi
"Stocks, let me see!" Ellison beckoned to his secretary and took out some information, he flipped through some and handed it to Zhou Shi.
“(⊙o⊙)… , I still take these suitable companies to research, and now I don't know much about these......" Zhou Shi looked at Ellison's materials and found that there were not many company names he was familiar with.
"You take it back and study it, but act quickly, who knows if you will have time in the future" Of course, Ellison knew that things could not be decided so quickly, but he still urged Zhou Shi, this kind of thing really can't be delayed.
"Okay, I know!" Zhou Shi and Ellison chatted again, went directly to Time Holdings, and found Pichai.
"These companies are nothing but this one. "Pichai
"Netsuite?what is this?" Zhou Shi
"They are a SaaS (Software as a Service) service provider that specializes in providing customized enterprise management software to small and medium-sized businesses, and their products include CRM/ERP/Ecommerce in one package. Rental service for customers, that is, if you want to use Netsuite, customers have to pay Netsuite a monthly rent based on the number of licenses, the more users, the higher the rent. Pichai explained
"This is a perfect fit for our cloud computing development?" Zhou Shi wondered
"This is where we are headed!" said Pichai
"Then I'll go and take down Netsuite, you'll be busy by then!" Zhou Shi
"Simon, don't worry, I'm up to the task!"
"That's good!" Zhou Shi didn't talk nonsense, called Ellison, and chose the company Netsuite. Since Ellison has come up with this company, he naturally won't have many opinions. Now the key is to communicate with the person in charge of this company.
The founder of Netsuite, Ivan Goldberg, is the head of Oracle's technology department, so their biggest investor is also Larry Ellison.
"Larry, you're sure you're going to sell this company to me, so we're direct competitors. Zhou Shi saw that this company is also doing ERP, although it is based on the cloud, but the competition with Oracle is still inevitable.
"Haha, even such a small broken company is competing with us? Let's wait until you consolidate the SME market. Ellison didn't care
"But the development of the company is like this, we will inevitably have direct competition, just like the open source database MYSQL of Time has a competitive relationship with your core database. Isn't your current behavior a capital enemy?" Zhou Shi was puzzled, Time Company acquired the open-source MySQL database at a price of about one billion dollars, and now it is developing well, at least profitably.
"Oracle still has the final say in this market, you need to work harder if you want to surpass me, and we are not the only competitor. "Ellison
Zhou Shi understood now, what Ellison meant: Lao Tzu has more competitors, how old are you. In this case, Zhou Shi is also relieved, although he did not pay much attention to the development of Oracle, but cloud computing, SaaS is the future trend, this is irreversible, grasp this trend, Netsuite's development speed will be much higher than Oracle, even if there is only the industry average, the company's development speed will still be faster than Oracle, the so-called tuyere is what it means.
Today's Netsuite is not at all impressive, with a market value of $1.5 billion or 600 million, but a few years later, Oracle bought the company for $9.3 billion. Several other SaaS giants, such as Salesforce, have a market value of more than $100 billion, and Orkday has a market value of more than $30 billion. And both the speed of development and the company's prospects are more than traditional companies like Oracle. If Twitter is operated with heart, it can actually achieve a scale of 20 billion US dollars, Zhou Shi gave up Twitter and chose the SaaS industry, and I don't know if he will regret it. But now he knows that there will be disasters if he is not matched, he controls so many high-quality enterprises, and wants to develop and grow smoothly, it is really whimsical, in the final analysis, wealth should not be too far from the strength of the base.
(End of chapter)