Zach saw that Li Feng had been silent, as if he was thinking about the problem, so he didn't bother, arrived at the airport, bought a plane ticket, and soon the three of them arrived in San Francisco.

"John, why are you still thinking about something? It's all in San Francisco, and it's not a good situation for you to talk to Michael and them in a while. ”

"Oh yes, I'm fine, I don't know what's going on, I don't know if Sequoia Capital can help me. ”

"John, it's not a big deal, even if they don't want to, if you have to take out a loan, just a little bit. ”

Listening to Zack's words, Li Feng couldn't help but smile, thinking about what to do so much, the boat will naturally go straight to the bridge, and let's talk about it when it arrives, it seems that the cultivation can't go home, and the gains and losses will be lost.

Then he talked and laughed with Zach and Bob.

......

This time, I didn't rent a car, so I got out of the airport and took a taxi directly to Silicon Valley, which was only a few tens of kilometers away anyway, not too far.

When you arrive in Silicon Valley, you don't stop, and go directly to the Dune Road, which is known as the "Road of Venture Capital".

Li Feng just got out of the car, but saw Michael Moretz come out with Yang Zhiyuan and David Ferro.

"Jerry, David, you two are too. ”

"Hehe, after all, you want to mortgage Yahoo shares, and the two of them will come to take a look, probably worried about you. Looking at the slightly embarrassed expressions of Yang Zhiyuan and David, Michael Moretz took the lead in explaining.

Obviously, although Li Feng's request for a share mortgage has been known and approved by the two, the two are still not at ease.

......

"I value Yahoo's shares very much, in fact, I'm still waiting for Yahoo to go public, so Jerry, David, you two rest assured, Yahoo shares I will never give up. ”

Li Feng couldn't explain this situation, and Li Feng didn't want to hide it, after all, if he really invested in Netscape at that time, he couldn't hide it.

"Alright, Mr. Valentine and the rest of the partners are still waiting for you, let's go in and talk. Michael Moretz suggested with a smile.

Looking at the wooden 2-story villa in front of him, as well as the same type of villa faintly hidden in the trees, Li Feng felt a feeling.

How would ordinary people have thought that the venture capital firms on Dune Road, known as the "West Coast Wall Street", are hidden in these small wooden cottages that look like farmhouses?

Thinking about it, he nodded, and then everyone walked into the base camp of Sequoia Capital together.

......

With Michael's guidance, everyone entered an office, in addition to Tang Valentine, whom Li Feng had known before, there were several partners of Sequoia Capital, which can be regarded as the managers of Sequoia Capital.

After the introduction of the two sides, Li Feng immediately put forward his own request, and Li Feng knew that it was best to talk to these old foxes about things.

"Ladies and gentlemen, you should also know that I have expressed my intention to ask Sequoia Capital, or one or more of them, to help you borrow money from the bank with Yahoo shares as collateral.

Before I made this proposal, I had reached an agreement with Yahoo's Yang Zhiyuan and Mr. David Ferro, and they both agreed to my proposal. ”

After speaking, he looked at Yang Zhiyuan and the two, and then the two nodded to understand the situation.

......

"Now I offer two plans, one of which is guaranteed by Sequoia Capital, and I will use Yahoo shares as collateral to borrow 50 million yuan with a loan period of 1 year;

Second, if Sequoia Capital is willing, I can directly mortgage Yahoo shares, and Sequoia Capital can directly lend me 50 million, also for a year, I can directly give 20% interest, that is, 60 million at this time next year. ”

After finishing speaking, regardless of everyone's surprise, he looked at everyone's expressions, sat down and waited for a decision. In fact, according to the shares of Li Feng and Zack, even according to the original valuation of 400 million, it is far more than 50 million, so everyone is not surprised by the amount of 50 million.

At first, I thought that the shares of the two would be mortgaged together, but then I thought that my shares had exceeded 50 million from the initial financing price of 400 million, so I gave up Zack's low-voltage plan.

Originally, I was thinking about borrowing from the bank, but then I thought about it, Sequoia Capital just has a lot of money, maybe it is okay to borrow directly, but the interest rate is high, so Li Feng's second proposal came about.

......

"Mr. Li, well, to be honest, I've lived most of my life, but Li, I've never seen a young man of your age, although I've been surprised and expected since I met you.

Let's sit down with you and see what you were doing when you were 15 years old, and our "Holy Son" is borrowing $50 million at every turn.

It seems that the Yahoo people are not wrong at all by naming you "Holy Son". ”

The conference room was quiet for a minute or so, and Valentine teased. After saying that, he shook his head, and then the conference room burst into laughter.

"To be honest, in principle, Sequoia Capital is willing to help you with this, after all, with your Yahoo shares, the current situation has exceeded the value of 50 million.

However, I am curious about what our "Holy Son" is going to do with this money, and of course, if it is confidential, I can not answer. ”

After finishing speaking, he looked at Li Feng, in fact, at this time, the rest of the people were staring at Li Feng, and they all wanted to know what Li Feng was going to do.

You must know that except for Zack Bob, Yang Zhiyuan and David, all of you are investing, but Li Feng is the first person to invest in Yahoo.

......

"That's exactly what I'm going to say, even how I discovered Yahoo, but I hope that all of you here can make sure that today's words don't get out the cracks.

Therefore, I specially asked Zach to make a confidentiality agreement, hoping that you can take a little look at it, after all, what I am going to do next involves my own trade secrets. ”

After speaking, he gestured to Zack, and then took out a non-disclosure agreement. This was prepared for a long time, after all, they also needed their help to contact Netscape next, so they didn't think about secrecy.

The content of the confidentiality agreement is actually very simple, that is, I hope that what I said today will be kept confidential and not involve anything else.

After listening to Li Feng's words, everyone read it and felt that it didn't matter, and immediately signed it, including Yang Zhiyuan and David Ferro.

Everyone wanted to know how Li Feng was the first to dig up Yahoo and what he was going to do with such a large sum of money.

......

"Before I talk about discovering Yahoo and my investment plan, I'll digress a bit, of course, this is a prerequisite for me to do things, and everyone who is interested can listen to it. ”

Although Li Feng is not a professional about the Internet, I believe that no one knows better than Li Feng about the Internet, so Li Feng is ready to let everyone see the power of reborn people.

"Let's start with how to form a market, in fact, the simplest thing is that a large number of people need to use it, and only then will this market prosper.

So let's talk about the Internet, why did the Internet have appeared long ago and did not prosper.

In my opinion, there are too few users, and people who don't know professional knowledge can't use the Internet and computers, and computers have become the use of many laboratories and professionals, and computers are still too far away for ordinary people.

I think this may be thanks to some companies, such as Cisco, which seems to be one of the companies in which Sequoia Capital invests, as far as I know;

For example, some operating system companies - Microsoft, the current operating system allows people to use without professional computer knowledge, which opens up the market for computers to be used by ordinary people.

For example, the advent of the World Wide Web (WWW), free applications, and the beginning of the Internet to be known have laid the foundation for the development of the Internet.

......

I don't know if you have noticed, since the advent of the Internet, it has only been used by a few professionals for decades, and 94 years ago it was used by millions of people in the United States.

So now, I think Yahoo is the best illustrative of the situation, with the popularization of computers to the masses, the number of Internet users is growing rapidly and rapidly, as far as I know, the United States is currently approaching 20 million Internet users - Internet users.

In other words, in just over 1 year, tens of millions of Internet users have been added, so what is it that has caused a sharp increase in Internet users?

In my opinion, there are two aspects, one is that some of the basic conditions I mentioned earlier, such as the emergence of simpler or foolish operating systems, the popularization of network equipment, and the emergence of the World Wide Web, etc., laid the foundation for the Internet.

The second is the emergence of the browser, the emergence of the graphical browser, so that any information stored on the Internet is displayed on the computer screen through the browser, which can be said to have opened the door to the Internet.

......

Only when it is used by the general public can the Internet become a real virtual world.

Whether it is the more and more fool-like (convenient) computer operating system, or the emergence of the World Wide Web (WWW), or the emergence of the browser, it has laid a solid foundation for the development of the Internet.

At this time, the unique superiority of the Internet will be displayed in front of everyone, and the Internet has begun to affect real life.

As the number of Internet users increases, the Internet naturally prospers, and I don't think anyone will object to this.

Before 94, the Internet was still the vast majority of professionals, after all, it was still more troublesome to surf the Internet, so what about now......"

Speaking of this, Li Feng shrugged his shoulders and stopped saying a word after looking at everyone.

In fact, everyone felt that Li Feng was a little reasonable, and when he said this, it seemed that the spring of the Internet had begun. Perhaps in the future, when investing, we can pay more attention to Internet enterprises.

What the partners of Sequoia Capital didn't know was that it was this idea that made them make a lot of money in the early days of the Internet.