This hand is the hand of the founder of Yahoo.

Yahoo is the first company to rise crazy, two years, from scratch, two years later, a market value of more than 7.2 billion US dollars overnight, this is not known how many companies can not reach the height of a lifetime development, but this is only the beginning of Yahoo, in the following years Yahoo market value of more than 100 billion US dollars, the Internet to people to show an incredible charm.

Yang Zhiyuan is a little thin, Adams is a little tall, and Ferro is chubby.

Several people sat together.

"Ferro, this ......"

Adams doesn't seem to have a good memory, and he can't remember names.

"I'm Yang Zhiyuan. ”

"Haha, yes, Yang. ”

"Yang, Fei Luo, you tell you about your entrepreneurial project and the boss of Longtou. ”

Yang Zhiyuan, who was born with a calf, was also not polite.

It's just about coming up with their business plan.

Yang Zhiyuan introduced to the investors who were smaller than himself in front of him: "Since the invention of the computer, after the Internet was opened, a large number of useful literature and software have been accumulated on the network, however, we found that although these knowledge wealth is rich, but no one manages it, walking around the world, in order to find a set of software, you may have to check the host of the United States first, and then look at the island country, maybe you have to detour to Europe, users want to find out documents related to a certain project, the file may take more than half a day."

It's like a young man who has entered a gold mine, looking at the gold all around or in the distance, but doesn't know how to pick it up, and what our company does is to gather those data in one place on the Internet search platform, which keeps them from getting lost in the sea of Internet information.

Yahoo's original idea was to build a future generation like Huaxia.

I don't know, just take a look at Baidu, Yahoo's vision is this, to be a search engine company.

As for where Yahoo's profit is.

There is no need for Yang Zhiyuan to lie.

He hasn't found it yet, so other investment firms are reluctant to invest in him.

However, he didn't find it, Li Jun knew!

YAHOO! THOUGH IS JUST AN INDEXING TOOL FOR SEARCHING DIFFERENT LEVELS ON THE INTERNET. It simply rearranges all the sites and groups them into different levels of directory. What really makes YAHOO! a success in one fell swoop? is that while YAHOO! provides the world with Internet addresses for free, it also takes all the companies that apply for the address into its own orbit and earns a profit by advertising them on the homepage. IN 1995, YAHOO! ACCOUNTED FOR 93 PERCENT OF ITS NET REVENUE.

Later, Baidu borrowed Yahoo's model, and it was not until the outbreak of the Wei Zexi incident in 2018 that people knew that this model actually had problems. But by that time, Li Jun's Yahoo stock would have already been sold.

Advertising is Yahoo's profit model, but they obviously don't know it now.

So they're vague about their profit model.

But for businessmen, the meaning of a company's existence is to make money, and a company that can't make money obviously has no meaning of existence, and no investor is willing to do things that don't want to return, but Yang Zhiyuan can't find a profit model for the time being, and find this kind of profit point to make a plan.

But their career is definitely a bright cause, he firmly believes, but he firmly believes that it is useless, and investors do not believe it, so they are unwilling to invest in him.

……

"We are very interested in Yahoo, which was founded by Mr. Yang and Mr. Fei Luo, because our company is always looking for companies in the search engine sector, not only according to the descriptions of Mr. Yang and Mr. Fei Luo, we think it is very good, we also know some of the current situation of Yahoo, Yahoo has good hits on the Internet, there are more than 100,000 hits. ”

"We can invest 10 million in Yahoo. ”

Adams was taking a sip of water and almost choked to death.

The other party is going to invest 10 million in Yahoo, what is the situation, I haven't seen this venture capital company boss invest a dime in himself for so many days, and now he invests 10 million as soon as he opens his mouth!

"How many shares does that want?"

"Eighty percent. ”

"You're going to buy us Yahoo altogether, not invest in ......"

"No, no, no, I'm an investment, not an acquisition, I just want shares, not management, the company's equity is separated, and then when Yahoo goes public, Yahoo can buy back 50% of Longtou's shares at the IPO price...... The remaining shares will be sold after Yahoo's lock-up period. ”

"In addition, after our company invests, we will give you Yahoo's profit model. ”

Li Jun opened his mouth very much, asking for 80 percent of the equity.

But he made a lot of bids.

Tens of millions of dollars were offered.

This is an astronomical amount of money for Yang Zhiyuan and Fei Luo, who have just graduated, and with that amount of money, they don't have to worry that Yahoo can't do it.

What's more, they have been looking for a long time, and they have not been able to find Yahoo's profit model, but the other party's investment boss claims to know......

Whether it is the amount of funds invested by the other party, or the profit model plan of Yahoo's future development, Yang Zhiyuan feels that there is a devil tempting him, so that he agrees, agrees, agrees......

The most important thing is, of course, the other party's equity separation plan.

"The other party does not want to have management rights, equity and management rights are separated. The company is still in charge of the company. Yang Zhiyuan thought about it in his mind, and finally agreed to Li Jun's request.

The separation of management and control is very important to Yang Zhiyuan and Fei Luo, because they don't want to be employees of the company, they are the founders, they are also the bosses and shareholders of the company, and Li Jun's equity separation solves the problem of who Yang Zhiyuan does it for and who he does it for.

Li Jun asked Dragon Capital to provide Yahoo with an initial round of financing of $10 million, and Dragon Investment, Yahoo's first venture capital investor, was also the only venture capitalist.

After accepting tens of millions of dollars in venture capital, Yang Zhiyuan and Ferro strengthened Yahoo's confidence, and when they had the money, they returned to their alma mater and began to send out invitations to many alumni.

Soon after, those alumni who worked in some big companies such as Motorola gathered under Yahoo to become COOs and CFOs......

Yang Zhiyuan and others think that 10 million US dollars is a lot, but in fact, with the rapid development of Yahoo, it will soon find that the funds will be used up, and it will last until next year at most, and then Yahoo will have to launch a second or even third round of financing.

Yahoo is used by Li Jun to cash out, so the second and third rounds of meat will be gnawed by other capitals, because people still have to be content, and they may eat all of them, knowing that too much greed will make people die without a place to bury.

Eating Yahoo completely, although it is effortless, but Yahoo also needs all kinds of resources of the US imperialists, and financing is not only financing money, but also financing various other resources.

Although Li Jun gave up the financing behind, but the financing party they took over definitely had to pay more than 100 times, hundreds of times the price than Li Jun, and then the shares did not have as much as their own, such as Yahoo's second round of financing, Lao Sun invested 100 million US dollars, accounting for only 25% of the shares, and now Li Jun accounts for more than 69% of the shares, although his own shares have gone through several rounds of financing, plus the listing will be greatly diluted, but it is definitely more than Son Masayoshi.

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