It's been a week since he came to Silicon Valley, and Li Feng has been idle and bored these days, and he can be regarded as having a good visit to Silicon Valley, unlike the last time he came, he basically spent it in the garage.

At the same time, I have to get together with Yang Zhiyuan and others once a day to discuss the next financing issues, as well as which investment institutions are interested in Yahoo.

After completing the financing plan three days ago, it has been submitted to major investors, and I am waiting for the news, and it can be said that every day is very fulfilling.

......

"Bell bell bell..."

Took the Motorola 8900 clamshell brick machine in Zack's hand and connected it directly to the phone. Looking at the mobile phone weighing about half a catty in his hand, he was speechless for a while.

I'm used to using those mobile phones in later generations, and I'm really not used to using them now, and this is the latest model that just came out this year. I just bought it two days ago, after all, in Silicon Valley, it's still more troublesome to have no phone.

Now it's all in Zack's hands, and recently Zack is obsessed with this latest flip phone, which is the world's first flip phone, which is definitely commemorative.

Of course, now using such a mobile phone is also a sign of a successful person, after all, such a mobile phone costs thousands of dollars, and the cost of the phone is not generally expensive, and ordinary people really can't afford it.

Anyway, this thing cost tens of thousands or even tens of thousands of units in China at this time in the previous life, which is definitely a sky-high price.

......

"Hello, this is St. John Lee, who are you?"

"Li Feng, I'm Yang Zhiyuan, how about it, I'm almost done, I have to participate in the financing negotiations. ”

"Oh, how's it going, are you sure the news is here?"

"Yes, our initial valuation has basically shielded some small investment institutions and some individual investors, and now there are a few large investment institutions. ”

"Oh, that's the best, we need these big investment institutions next, they can help us develop further and rapidly, which ones are there?"

"It's not clear on the phone, let's talk about it when I come back, those investment institutions are coming this afternoon, and the next thing is to negotiate specifically. ”

"OK, I'll be here in a moment. ”

After hanging up the phone, Zach was called, and the two got into the car and drove towards the Yahoo garage.

......

When Li Feng took Zach to the Yahoo garage, everyone was still busy, and Li Feng was the most idle, which was also the reason why Li Feng was reluctant to come to Yahoo, after all, everyone else was busy and he was bored, which would make people unbearable.

"Your Highness the Holy Son, you are here, have you had any adventures or encounters in Silicon Valley? David Ferro happened to be talking to the technician below, and when he saw Li Feng and the two coming in, he immediately laughed.

"David, I'm a minor, be careful when you say that, I'll go to the juvenile protection center to complain about you. Li Feng immediately shot back.

"Wow, Your Highness the Son, why did I forget that you were still a 15-year-old boy, Shit!

I think the United States should target a special group of minors -- geniuses, and they must be treated differently, after all, people like the Holy Son should not be treated as minors, don't you say?"

"Haha..."

After listening to David's complaint, everyone burst into laughter, and it seems that as Yahoo's financing approaches, the mood of the company's internal employees is good.

......

"Li Feng, you're here. Laughing, Yang Zhiyuan also got up from his seat and immediately said hello.

Afterwards, Yang Zhiyuan called David Ferro and Tim and went into the small conference room together.

"Alright, let's hurry up, Tim, you tell us about the specific financing situation, and we'll discuss it one last time. ”

"OK, it has been confirmed that there will be representatives from DFJ, Intel Investment, KPCB, IDG, Sequoia Capital, and AOL who will come to our company in the afternoon. ”

"Wow, it's all big limelight companies and capital groups. Li Feng replied with a smile.

"Yes, I believe that we at Yahoo will make Silicon Valley history with this funding round. Tim sighed.

Think about it, the Internet venture capital at this time is not like the later generations, which are tens of millions or even hundreds of millions of dollars of financing at every turn, and those investments at this time are only millions at most, or even hundreds of thousands.

The next financing of Yahoo is to prepare hundreds of millions of dollars in financing, which is indeed to create the legend of Silicon Valley and the history of Internet financing.

......

Similarly, everyone is very satisfied with these venture capitalists, and see what kind of venture capitalists they are.

DFJ: Although Li Feng doesn't know much about it, in later generations, in China, every time some companies accept venture capital, Defengjie can always be seen. For example: Baidu, Focus Media, etc. As for the other small ones, I won't say much, there are too many, and Li Feng doesn't know.

Intel Investment: This is specially set up by Intel Corporation, after all, in an environment like Silicon Valley, Intel has a natural advantage, and it is definitely rich and wealthy to rely on Intel.

KPCB and Sequoia Capital: These two companies, which were also founded in the 70s, are known as the "twin stars of the venture capital world", which shows the strength of the two companies.

IDG: The full name of the United States International Data Group, headquartered in Boston, its subordinate IDG Capital is known as the largest venture capital institution in the United States, with many strong consortiums behind it.

If it is not bad, the consortium behind it should be the Boston consortium, although the consortium has been in decline, but after all, it is an old consortium, "a skinny camel is bigger than a horse".

AOL: Known as one of the largest Internet service providers in the United States, it has deep pockets. For AOL, Li Feng only knows that ICQ was acquired by him in 98, and he doesn't know anything else, which is also the sadness of ordinary people.

If you know the history of AOL's development, it is estimated that you will be shocked again, AOL is definitely an important Internet service provider of US imperialism, with a market value of hundreds of billions in later generations.

It even merged with Time Warner to establish a new "AOL - Time Warner", an absolute capital giant. The founder of the company's CEO is also one of the business wizards and legends of the United States.

Obviously, for Yahoo, a lot of capital can't wait.

......

In fact, Li Feng didn't know that many capital giants here pay attention to Yahoo, which is still due to himself, in fact, the current Yahoo model has become a benchmark on the Internet.

Many competitors are ready to revamp their versions, using Yahoo as a template, and in the last month or so, Yahoo has attracted the attention of almost all Internet people.

The current Yahoo, in fact, is similar to the previous life before and after Yahoo went public in 96, and has a clear profit model, so it has received the attention of many venture capitals.

You must know that at this time in the previous life, Yang Zhiyuan and David Ferro were still in the small room of the Stanford electromechanical room, until April 95, when they received 1 million venture capital from Sequoia Capital, but they divided 25% of the shares and left the Stanford campus.

In the second half of '95, Masayoshi Son invested 2 million and also got 5% of the shares, until Yahoo went public in '96, Son proposed to invest 100 million US dollars, and finally got a total of 35% of Yahoo's shares.

At that time, Yahoo's valuation was still slightly insufficient compared with Yang Zhiyuan's current offer, which was more than 1 year ahead of schedule, which shows how good Yahoo's current form is.

......

As for the profit model, there was almost no profit at this time in the previous life, and it was not until the beginning of 96 that there was a profit, and I began to slowly explore the profit model.

This is also the reason why Yang Zhiyuan dares to quote Yahoo's current valuation of 500 million, and some large investment institutions are still interested.

Although, at this time, Yahoo's traffic cannot be compared with before and after the listing in 96, after all, the number of netizens is still small, but in terms of the share of netizens, there is actually not much difference.

Think about the previous life, Yahoo's market capitalization exceeded 800 million on the day it went public, you can know.

......

Subsequently, everyone discussed, and in the afternoon, Yang Zhiyuan and Tim were the main two people, Zack provided the legal basis, and Li Feng and David provided support, and decided that the five of them would meet together to venture capital.