Chapter 531: A Good Thing to Find the Door (Part II)
Whether it was for ideals or realistic pursuits, David Duffield didn't want to give up on orkday, but Thomas's flickering made him very excited. Oracle's main products are database, ERP, day's main advantage is cloud-based HCM, netsuite has the world's most popular open source database, CRM, ERP, etc. If the two companies merge, the new company's application products will include finance, supply chain, project management, human resources, and marketing and sales. Basically overlapping with Oracle's product line, defeating Ellison was a challenge that made it difficult for him to decide.
With mixed feelings, David Duffield met with Zhou Shi.
In recent years, it has been the golden age of the development of the SAAS industry, a large number of enterprises have begun to try cloud-based services, Salesforce, orkday and a number of enterprises have been developing rapidly, and venture capital has actively participated in it. Start-ups have gone public, kicking off a huge industry change, such an industry pioneer, a few years later, the market value did not exceed 10 billion, the original CEO's ability and insight, and the direction of the entire company is obviously problematic. Of course, it's not that they're not good, it's just that they're not good enough. Although Zhou Shi doesn't know much about this industry, he can still get a lot of information from every exchange. There is still a gap between Ivan Goldberg, who was born at Oracle, and David Duffield, the founder of Renke Software.
The rapid development of each new industry requires the disruption of existing industries, for example, Oracle has thousands of functional parameters for JDE and tens of thousands for SAP. For enterprises, it is to spend money to buy a bunch of functions that may not be used, and to spend another amount of unjust money to invest additional implementation costs to do subtraction; The product is bloated and complex, the learning cost is high, and the corresponding training expenditure of the enterprise is also very high. TODAY'S SAAS INDUSTRY ENTERPRISES PROVIDE SOFTWARE-AS-A-SERVICE, AND FOR ENTERPRISES, THE SOFTWARE IS PAID ACCORDING TO THE APPLICATION SCALE AND USAGE TIME, AND THE INITIAL DEPLOYMENT COST AND RISK ARE REDUCED ACCORDINGLY, WHILE AVOIDING THE PURCHASE OF HARDWARE AND HIGH POST-OPERATION AND MAINTENANCE COSTS. Moreover, to be able to have a comprehensive product to provide customers with more choices is more advantageous for the development of the enterprise, and Zhou Shi also tends to move forward in this direction.
The idea of cooperation is there, and there are many factors that can be used to cooperate or not, and various conditions and factors must be considered. It will certainly be a little difficult for someone like David Duffield to satisfy each other not only in terms of money, but also in terms of positions of power. Slowly, both sides have the sincerity to cooperate and will always give in to each other.
"I support you as co-CEO of the new company, and whoever is more convincing during this period will be the chairman. I can grant the voting rights of the company to him for a certain period of time, such as 3~5 years, under the condition of abiding by certain principles. The better, faster and longer the company develops, the longer it will be in escrow. Do you dare to accept such a challenge?" Zhou Shi didn't want to waste time, and gave his greatest sincerity.
"Okay, I'll take the challenge!" David Duffield agreed.
The biggest obstacle to the cooperation between the two sides has been removed, Zhou Shi is still very happy, although the specific terms still need to be refined, David Duffield can not believe Zhou Shi's empty words, but willing to talk seriously is the best success. The development of any industry, sales is a very important thing, David Duffield as the founder of Renke, his team is mostly from the original Renke company, this ability is actually more than the current NetSuite, industry technology is the foundation, sales ability is the catalyst, and constantly improve the user experience, self-evolution is the king.
Although NetSuite no longer has much to do with Larry Ellison, and after the acquisition of MySQL by equity exchange, Galaxy Capital and Time Holdings have absolute control of the new NetSuite company (Zhou Shi and David Duffield are talking about the equity in the hands of Galaxy Capital), but there are some things that are best communicated to Ellison in advance.
"You're saying that the guy who ran away from me has taken up his hands on you?" Ellison blew his beard, looking a little annoyed.
"Yes, he doesn't look down on you old man!" Zhou Shi
"You're embarrassed to say I'm an old man, you go and ask us to sleep more like an old man" Ellison pointed to his personal assistant and company secretary and asked Zhou Shi to ask.
"Uh, we speak with facts!" You don't need to ask to know the result, how could Zhou Shi be fooled.
"Okay, let's see who's better!" Ellison flexed his muscles
"Compared with you, I can't win martial arts!" Zhou Shi refused, Tai Chi didn't go out for ten years, he practiced Tai Chi and didn't even fight, he hadn't reached the level of actual combat, and he was just a remnant of Battle 5. As for Ellison, airplanes, tanks, and fighters can be driven, and his experience in grappling and fighting is at least ten or eight years more than Zhou Shi's, even if there is a gap in physical fitness, experience can make up for it. Moreover, the rich have sufficient nutrition and take good care of themselves in all aspects. Jobs had cancer, which could be treated with the most advanced customized genetic technology, extending his life span by more than ten years, which ordinary people did not have.
Zhou Shi said that he was not willing to fight with Ellison and be a strong king.
"Hi Simon!" said David Ellison, Larry's son.
"Hey!" Zhou Shi responded
"I heard that Disney bought Marvel and left Miramax to you!"
"That's right, I've been looking for investors to help me out lately. "Zhou Shi
"Can I get involved?"
"My condition is a billion-dollar valuation, but I need to borrow an equal amount in addition to the equity purchase funds. That is, you need to actually contribute 100 million yuan to buy 5% of the shares, of which 50 million US dollars is my loan. "Zhou Shi
"Are you short of money right now?" interjected Larry Ellison
"It's not that I'm short of money, I'm raising money to do something big. "Zhou Shi
"Oh!" Ellison didn't ask.
"Dad!Lend me some money, I think investing in Simon should be the most reliable investment! Miramax's actual value is about $1.5 billion, and we don't lose at all!" David Ellison didn't expect this time to go so well.
Zhou Shi looks at David like an idiot, if this guy hadn't been for Zhou Shi to get the investment right in "Iron Man 2", he wouldn't know where to wave, I thought that with his help, this bear child would change a lot, and he didn't invest in "Star Trek", he started planning last year, but he hasn't started filming yet, and the funds are stuck in it, and I don't know when the cost will be recovered. This year, I invested in a movie called "Special Forces 2", which seems to be a cheating product. You must know that these external investors only have a share of the box office, and they don't want any follow-up copyright income.
"How could I give you such a good opportunity, I'll give you the money, I want the shares!" Larry Ellison ignored David's pale face and asked about Miramax.
(End of chapter)