005 The Birth of Yahoo (Favorites, Recommendations)
(In the stage of raising new books, I ask for all kinds of support, thank you very much!, ask for collections, recommendations, and book reviews......... οΌ
"Alright, you two, I think we'll have to talk about the specifics, but it's better to get down to business. After a few people sat down, Li Feng immediately said.
"Mr. Li, I didn't expect that the first person to come to the door was a teenager like you, David and I really didn't expect it.
You can take a look, this is our business plan, after reading it, we will talk in detail. After Yang Zhiyuan finished speaking, he took out a document and handed it to Li Feng.
Actually, Li Feng really wanted to tell them at this time, don't be so troublesome, I'll just 500,000, you just look at it and give some shares.
Thinking in his heart, he still took the plan in his hand, and listened to Yang Zhiyuan's explanation while reading.
In fact, according to what the two of them are saying now, they are mainly talking about how the website is good, but it is very vague about the real profit model, after all, the Internet is still a new thing, and many people are feeling the stones to cross the river.
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"I believe what you two said about the various data on the website, but there is one of the most important things now, and I think you both know very well how to monetize your guide.
This is the most important thing, that is, the profit model, if there is no clear profit model, I think your web guide may not last long, please forgive me for speaking directly. β
"Yes, Mr. Li, I think it has become a heart disease for all Internet practitioners. After all, the application of the Internet is becoming more and more extensive, and I know that there are huge business prospects, but I can't find a clear profit model. β
"Two, this time I came with two points, the first is the capital, of course, the initial development fund, not a lot;
The second point is the future development of your web guide and a clear monetization model. β
"What?" Yang Zhiyuan and David Ferro stood up in surprise at the same time and said.
"Of course, I think both of you know that it's not free. β
"If there is really a clear profit model, we welcome Mr. Li to join. Yang Zhiyuan said affirmatively on behalf of the two at this time.
In fact, when Li Feng talked about a clear profit model, Zach was so shocked that he almost fell to the ground.
After all, the two have always been together, how could they not know Li Feng's situation. If you can think of a profit model after just a few glances at the network guide, then Li Feng's business talent is too high.
You know, this problem has become the biggest problem for all network practitioners.
......
"Let's ignore the issue of profit model for a while, and now let's talk about the specific issue of shareholding.
To be honest, I don't have a lot of money at the moment, so for the time being, I can provide an initial capital of $500,000, plus my own ideas, and the future development direction and profit model of the guide.
In business, although I don't understand computer and network technology, I don't know, how many shares can I get?"
"Don't hide it, we have already contacted several financial capitals, but we haven't replied or directly refused for the time being.
As for the shares, David and I have discussed before, our guide is valued at $5 million, 10% according to your funds, as for the idea is not easy to calculate now, if there can be a clear and feasible guide development plan and profit model, it can also be increased by 10%. β
......
When Yang Zhiyuan said the issue of shares in his heart, Li Feng almost jumped up, and wanted to agree on the spot, which was really unexpected.
It's a pity that although Li Feng is from later generations, he is not a master of capital operation after all, and he does not care about the venture capital industry.
I only know that it is the first fund invested by Yahoo, and as for what the situation is, I don't know, after all, I am just an ordinary person, who cares about how much money Sequoia has invested.
You must know that Sequoia Capital acquired 25% of the shares for the first venture capital of $1 million in the later generations, which means that the valuation at that time was only 4 million, which is much lower than the valuation Yang Zhiyuan said.
Li Feng didn't know this at this time, he just thought of making a fortune and investing in Yahoo himself.
Even if the shares are diluted in the future, he will definitely take a solid step towards becoming a billionaire. Of course, no one will have too much money, and what should be fought for is still to fight for it.
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"I want to make it clear to you that in the early days, as long as you can get a start, I think your guide will be able to meet your temporary needs.
If I have a clear profit model, when I want to seek capital, I can definitely guide it to grow exponentially or even several times, so in my opinion, my idea is even more important than my money.
In this way, anyway, I have made up my mind to invest, I will directly state my ideas, and the two will confirm the feasibility, and if I can pass the confirmation of the two people, I hope to be able to increase it by 5 percentage points. β
Hearing Li Feng's reply, the two gestured slightly, and then nodded and agreed to Li Feng's proposal, after all, compared to the weight of 5 points, the profit model is more important.
Of course, this is also the reason why the two of them are still too young, although they are much older than Li Feng, but the scholarly business is still heavy, after all, they have not officially left the campus.
......
Immediately, Li Feng briefly talked about the general situation of the portal in later generations, and put forward the concept of the portal and the mode of content-traffic-advertising.
In fact, there are roughly two modes of Internet advertising, one is content-traffic-advertising, and the other is search engines.
Although Yahoo also does a search engine, it does a website directory, an on-site search, and is manually organized, which is not a search engine in the real sense.
As a result, Yahoo's search directory was not profitable when the portal concept was not proposed, although there was occasionally a small amount of advertising revenue.
This is the concept of the Internet that Yahoo first proposed in 96 years in the previous life, and even proposed online media, which is different from traditional media such as newspapers.
Even Li Feng took out the drawing paper and drew a rough sketch, and the general pattern of the portal was basically clear.
For Yang Zhiyuan and David, Li Feng's vision is simply incredible. It directly points out a clear idea of how to develop the website and how to make money through advertising, and there are many ways to pay more attention to advertising.
Sure enough, the two of them completely entered the discussion stage, how to wait, regardless of Li Feng and the two of them.
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"Ahem... I think you two should understand my idea and the concept of profit model, what do you think?"
"Lee, you're a genius!" David exclaimed in surprise.
"Lee, your creativity is simply born for our guide, it's amazing, I think 5 points is missing. Yang Zhiyuan gave a thumbs up and said.
"Oh, if it's less, give more, I don't mind. β
"Ahem..."As soon as the words fell, Yang Zhiyuan was choked.
"Haha..."
Looking at Yang Zhiyuan's embarrassed appearance, everyone burst into laughter.
......
"Okay, I'll let Zach draft the shareholding contract now, and the three of us will discuss what to do next?" Li Feng said with a smile.
"I think the first thing now is that we want to register a company, and then it's not appropriate to use so-and-so guide, we need a domain name, and a website name.
WHAT DO YOU GUYS THINK OF YAHOO?"
Well, Li Feng is a direct take-it-or-leave-it-or-leave-it, and there are some legends about names on the Internet in later generations, but this time these legends are gone.
"OH, YAHOO, VERY NICE. β
βVery goodοΌβ
Sure enough, when they heard Li Feng's proposal, both of them felt good, and in the end, it was really like what was said on the Internet, because of the literal meaning, and then the proposal was followed by an exclamation mark.
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"The second point, register the company, clarify the shares of the three of us, find a place, and need to officially move out of the campus, after all, it is not appropriate to be on campus next.
The third point is that in the early stage, as long as some technical personnel are recruited to assist the two of them, David is the technical director responsible for technical support, and Jerry is responsible for the overall operation of the company.
Finally, to be prepared for refinancing, I think both of you should be well aware that the initial funding I provided is too small after all, and financing is necessary.
Of course, now that we have a clear profit model, I hope that before raising funds again, we can make our website completely revamped and launched, officially knocking on the door of the Internet, and making Yahoo synonymous with new online media.
When the time comes, it will not be us who will ask for financing, but they will take the initiative to ask for it. β
"Yes, yes, we've been rejected several times before, next time, let them come to us. David shouted with a fist.
"Haha......" Obviously, the two of them had already looked for capital before, but unfortunately they were rejected.
As for what is reported in the newspapers, it is all capital that takes the initiative to come to the door, which is actually for propaganda, and of course, it is also to promote the wisdom and martial arts of the capitalists.
Of course Li Feng won't say, don't worry, it won't take long for someone to come to the door.
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"Gentlemen, the contract is basically established, let's sign it, have the three of you decided on the shares of the new company?"
Yang Zhiyuan and David discussed the shares in front of Li Feng, and finally decided that Yang Zhiyuan 40, David 35, Li Feng 25, such a share ratio, formally signed the contract.
At the same time, Li Feng asked Zach to help the three of them register the company, and Yang Zhiyuan and the two found a place to move out as soon as possible.
Li Feng was thinking very stinky at this time, we will also become the co-founders of Yahoo in this life.
After all, Yahoo has not yet been officially established, and this time the company became the original shareholder as soon as it was established, isn't it a co-founder, and it should be regarded as an angel investor.
......
To Li Feng's surprise, Yang Zhiyuan and David Ferro put forward the idea of dropping out of school to start a business, just like in their previous lives.
Li Feng didn't stop it, after all, when the time came, when the two of them succeeded, everything would become wise and martial, and the world was written by the victor after all.