Chapter 512: Yelp's Financing

In fact, Zhou Shi thought too much about the Indymac Bank, and no matter how bad Mnuchin was, he didn't do anything too bad now. The offer for this transfer to East West Bank is not very outrageous, $2.5 billion. It is also acceptable to grit your teeth, and if you pay back the price, you can reduce it by hundreds of millions of dollars.

"Thank you for the gift, I received it, Indymac Bank is great!" Zhou Shi confirmed that Mnuchin did not have a lion's mouth, so he called Belrankfan.

"Oh no, Indymac Bank is just an appetizer, my gift will have to wait. "Belankvan

"Yes, you have successfully piqued my curiosity" Zhou Shi

"Wait, don't rush, sometimes it's too rushed, it's not good. "Belankvan

"Thank you for the reminder, I'll take note. "Zhou Shi

Indymac Bank ceded to Zhou Shi, in fact, they didn't have much loss, the cost of the acquisition should be about 1.6 billion US dollars, and after only a year, they can earn at least 500 million, such a profit should be possible. But Belrankfan said that his gift was not this, so what would be the more expensive gift?

There are a lot of things these days, and Zhou Shi needs to come forward everywhere, such as Marvel, Zhou Shi and Disney's agreed acquisition, basically things are pretty much the same, but Marvel's internal employees still need to be appeased, and the specific price must be carefully considered. If Disney doesn't have a satisfactory price, he can still regret it. In addition, there are many troubles in the merger of Tianhe Securities and the merger of Meibang Securities, and the change of name to Meibang after the merger of Tianhe Securities, Australia has Meibang Securities, and Japan used to have Nikko Meibang Securities, in short, it is very troublesome to recover the brand. Not to mention the all-important Friends Network merger incident, even Goldman Sachs, which is now in a hurry, has joined the project from Facebook. Lei Jun also came to Silicon Valley with a domestic team. There are a lot of projects that need to be adjusted when working with friends, such as artificial intelligence and cloud computing. What makes him most uncomfortable is that no matter where he goes, he will see a pair of resentful eyes.

In addition to the disadvantage of the U.S. market, Europe and South America are in an advantageous position, after all, the friend network has taken the lead in developing the international market and has rapidly expanded the market through acquisitions. In addition, Facebook's volunteer translation website and Friends.com's crowdsourcing translation website have also become their most distinctive features. Those who like Facebook say that the friend network is a website founded by local tyrants, and those who like the friend network say that Facebook is a stingy ghost, of course, there are many more out-of-the-box remarks, but this is not the point, no need to elaborate.

Only brands with distinctive characteristics can become the best in the market competition. The domestic mobile phone market fully illustrates this point, the extreme cost performance of Xiaomi mobile phones, the entertainment fashion of OV blue and green factories, and the domestic boutique of Huawei Glory...... For example, Nike's Just Do It, Adi's Impossible Is Nothing, even if there is not much difference between their products, they must artificially create cognitive biases. Friends and Facebook did this very well, and other social networking companies were directly crushed.

After Yelp's funding stopped, Groupon was valued at a billion dollars, raised hundreds of millions of dollars, and began to rush out of the United States and into the world. After all, if they stay in the United States, they will not be able to defeat YELP in the short term in any case, and they can only look for death if they do not look for a new way out. However, there was something wrong with yelp or Zhou Shi, which made investors feel at ease and boldly invest in Groupon and forcibly promote their internationalization. Zhou Shi was helpless about this, after all, he promised to use venture capital funds.

"How about Yelp's financing, is it Yahoo's turn to participate?" Yang Zhiyuan found Zhou Shi and brought up Yelp's financing again.

"I'm wondering if I'm investing on my own!" Zhou Shi

"Hehe, if you want to do this, you have already done it, why wait until now!" Yang Zhiyuan, the development of group buying in the United States is becoming more and more popular, more and more people are participating, and the interest is getting higher and higher, Yahoo also intends to set up a group buying website, in fact, it is the establishment of one, but regardless of the scale of users, the type of goods and services, the user experience, etc., are a grade lower than Yelp, at this time, choosing the strong investment in the market has also become their best choice.

Originally, Google was interested in investing in YELP, but because of the matter of the friend network, it was difficult for them to separate. The merger of the two giants in the market involves all aspects, including anti-monopoly law, etc., fortunately, although Myspace was defeated by them, it is still strong and survives, indicating that the market share on the market is okay. However, after the official announcement of the merger between the two parties, there will certainly be many objections. Including Google, they are not very in favor of the merger, but for some special reasons, such as the demand of public opinion in the United States, there are still no big companies to stand up against it, such as Microsoft.

"Yes, you can, but the funds must arrive quickly, the price will definitely not be low, and it is absolutely impossible for you to buy 40% of my shares with one billion. Zhou Shi is talking about Yahoo's investment in Alibaba, and the valuation of Yelp is more than $2.5 billion.

"I don't have a billion dollars now!" Yang Zhiyuan

"This time I'm only going to give up ten percent of the shares!" Zhou Shi

"Okay, I'll let Carol Butz talk about the specifics!" Yang Zhiyuan

"Whatever!" Zhou Shi didn't care much about this Yahoo queen now, and then he contacted the previous venture capital companies to see if there was any intention to continue to cooperate, whether he could get the funds in the shortest possible time, and he didn't talk to them about the valuation, and directly said the valuation of three billion US dollars, excluding Airbnb, that is, only yelp's reviews and group buying business.

I thought that not many people would agree, but who knew that someone would respond soon. And it is a company that surprised Zhou Shi very much: Sequoia.

Zhou Shi felt that he hadn't met Moritz for several years, and this time he didn't let Moritz wait for a long time and took the initiative to contact him. Revisiting the same place again, the mentality is completely different. The last time he saw Moritz, he was still in a mood of reverence, with a little apprehension. Moritz is a legend in the venture capital world, and his real level is several notches above him. But at this time, not to mention ability, in terms of achievement, Shi is not much inferior to Moritz. Taking the initiative to visit is more to show his generosity and respect for his predecessors. After all, only the strong have the qualifications to forgive others, and Zhou Shi has this qualification.

I thought that there would be a lot of emotion when I saw Moritz, but I didn't expect the two to look at each other and smile, everything was silent. Strength determines status, and if you fall behind, you will be beaten. The world of capital is inherently the law of the jungle, and there is nothing he cannot accept.

"Congratulations, you've grown into a real powerhouse!" Moritz stood at the door waiting for Zhou Shi.

"Thank you!" Zhou Shi

The two of them then stepped into the living room.