Chapter 885: Please Forgive Me for Speaking Directly!
Yahoo is a big piece of fat, and it's much bigger than Netscape.
You must know that Yahoo once reached a behemoth with a market value of trillions of yuan, and it was in 2000 in the year of the millennium, when the price of goods was not very high, such as the imperial capital of China, the average price of real estate in the magic capital was only more than 1,000 yuan, and the construction of a small western-style house in the countryside was less than 20,000.
If it's better, it's in the early 20,000s.
What is the concept of trillion yuan, a sky-high wealth that cannot be imagined.
After taking Netscape, Li Jun locked on Stanford's Yahoo.
Whether it's Netscape or Yahoo, it's all a bunch of dollars in Li Jun's eyes now.
But if the Internet has changed the world, then it is Yahoo that has changed the lives of Americans, and Yahoo was once a banner in the past life for the entire Internet industry.
In the previous life, it was still Sequoia Capital's magical investment company that invested in Yahoo, invested 2 million US dollars in Yang Zhiyuan and Ferro, made the Yahoo project a commercial project, and created a legend in the venture capitalist and Internet industry, because Yahoo invested in 1994, and Yahoo went public in 1996, its investment of 2 million appreciated to 3.4 billion US dollars, an increase of 1,700 times, becoming a mythical investment.
This myth is even more powerful than the two Yahoo founders, Yang Zhiyuan and Fei Luo.
This is also a special pride of Red Shirt Capital, and when it comes to its performance, Yahoo is often on its lips.
This year, Li Jun University is about to graduate, and Yang Zhiyuan from the United States will also graduate with a doctorate this year.
However, this year, Li Jun did not do his job properly and invested everywhere to do business, while Yang Zhiyuan was seriously preparing his thesis and preparing for ...... However, in his previous life, at the end of his doctoral dissertation, Yang Zhiyuan did not do his job properly, gave up his studies, and just began to search for information on the Internet in order to complete his dissertation, and in the process, he and another classmate collected a lot of sites that they were interested in and added them to bookmarks, such as scientific research projects, tennis matches, etc., so that they could be found.
However, as more and more sites were collected, it was very inconvenient for them to find, so they organized these bookmarks into categories, and when each directory could not accommodate it, they subdivided it into subdirectories, which was very convenient to find.
So he and another classmate compiled this into software and smashed it on the Internet for other surfers to enjoy. Soon, their website attracted a lot of users, some of whom also gave feedback and constructive comments on the appendices to improve the content...... The two wondered if the software could become a search engine similar to a computer directory, which would divide the global web address into some categories such as news, entertainment, and science, and then subdivide it below, so that Internet users could make it easy to surf the Internet that they were at a loss.
It's a business opportunity, and the two of them feel.
This business opportunity will change the fate of their lives, and they always have to choose what they are fighting for in life, and the two of them will ......
In this life, as in the previous life, they began to build a network that would not be done properly, instead of completing their doctoral dissertation, and then actively looking for potential investors to further develop their ideas into commercial projects.
Their original website traffic is now increasing dramatically.
It's sure to attract people to invest.
They are very confident.
Sure enough, someone contacted them, not just one or two waves of people, but several waves of people, but many of them poked their noses at their asking price, 100,000 US dollars wanted to take half of the shares, and 200,000 took 60% of the shares, and after the two, some people successively came up with this little idea, which makes capital not just the only choice, of course, they are not the choice of Yang Zhiyuan and Fei Luo, their bid is too cheap.
Moreover, the browser that Yang Zhiyuan pondered before is now increasing at a rate, which cannot be compared with other similar projects.
Now they have always been the first, just waiting for the capital to come in, so that they can fly into the sky at any time.
Now they still use the school's server, because they send the software on their Stanford University server, many people admire, and the random school found that Yang Zhiyuan's things affected the normal operation of the entire school's computer.
"Yang Zhiyuan, Fei Luo, you don't finish your doctoral dissertation seriously, but instead make Yahoo paralyze the school's server, making other students surf the Internet very slowly......"
The school approached the two students and asked them to stop borrowing the school's servers.
Without the capital to invest, and the two of them could not use the school's server, their careers could be dying, and all their energy was on Yahoo, and their doctoral dissertations were delayed.
So they couldn't sit back and wait, they had to take the initiative to find good investors, so they quickly drafted a business plan, and with this plan, they looked for venture capitalists in Silicon Valley.
Their proposal was very good, and some investors read it and said it was good, but they cruelly rejected the two because of one article.
A Silicon Valley venture capital firm.
"Hello, Mr. Tran, our project is to organize a website where the logists can query the content sites according to their own needs, we have made a homepage, collect the information of some sites, link to our own homepage, because there are too many site materials collected, we have developed a database system to manage the information, and divide countless sites into different categories, just like a book taxonomy, according to the content into large categories, sub-categories, up to the title of the book...... This is our Yahoo. ”
After Yang Zhiyuan finished speaking, he and his partner, the technology founder Fei Luo, kept coming up with data to describe the current state of their project......
Manager Tran, who was sitting in the boss's chair opposite, didn't know why at this time, and was particularly impatient.
He interrupted Ferro's data presentation.
"I believe what you two said about the various data on the website, but now there is one important thing, and I think you should be clear about it, which is the reason for the existence of our commercial company, which is how to make money through your projects. ”
The two ignored the most important problem, but they couldn't solve it right away, because they didn't plan a profit model for Yahoo, they actually looked for it, but they never found a clear profit model.
In this regard, Silicon Valley venture capitalists hit the two future billionaires hard: "I think you Yahoo, that is, this so-called web guide may not last long, please forgive me for speaking directly, you look too young, I think you have just graduated or have not yet graduated, and your book business is still quite heavy." ”
Faced with the ridicule of the CEOs of venture capital, the two became angry.
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