540 Anne
In mid-March, Google's chairman's office was crowded with people.
At this time, Li Feng, Larry, and Sergei sat around a desk, and each took a pen and signed his name on a document.
"Bang Bang..."
As Li Feng, Larry and Sergei signed their names respectively, there was a round of warm applause around, which also marked the official agreement between the two on the buyback.
"John, thank you for your support!"
"Thank you, John!"
Larry and Sergei spoke one after another and said gratefully to Li Feng.
"Okay, I don't need to say these words of gratitude, and I don't suffer a loss, do I?"
"Okay, then John, when will Sergei and I pay you for the acquisition?"
"How... , the funds raised?"
"Uh... We've talked to banks and investments, and it's not a big problem. ”
"Do you need my help, in this case, you can talk first, if the conditions are harsh, I can help you contact the CSCB Silicon Valley branch, how about it?"
"Really, John, thank you so much!"
“…”
……
This time, the two repurchased 5% of their shares again, not that the two were unwilling to buy back more, first, Li Feng was not very willing to give up more, and second, the two did not have so much money, after all, the two were not super-rich families, and it was not easy to raise funds.
In other words, the two already have 15% of Google's shares, and this time Google negotiated according to the valuation of 400 million US dollars, I have to say that this valuation is really not high.
When Google was first founded, Li Feng talked to the two founders about Google's future development plan, although he did not propose a bidding advertising model, but the establishment of an independent portal search website in the future is also an established development direction, which is also one of the reasons why Google will be sought after by Silicon Valley venture capital.
Many people believe that since St. John Lee had the idea of launching a search portal that belongs to Google when he founded Google, then according to Li Feng's consistent thoughts, he must have a deep meaning, and the biggest possibility is that there is a new profit model of Google, and Yahoo was not the profit model that Li Feng first proposed.
I have to say that to be able to become the top group of people in the world, the mind is always very delicate, from the clues, I feel Li Feng's attention to Google, and Li Feng's forward-looking vision has been recognized by everyone, and it is difficult for Google not to be sought after.
As for paying a total of 10% of the shares again, Li Feng also thinks it is worth it, after all, the company is indeed inseparable from the two founders for the time being, and this contract also makes various restrictions, such as the two can only work at Google in the future, unless they retire directly.
For example, if the shares in the hands of the two are now sold, the company has the right of first refusal to repurchase, etc., which limits the possibility of share outflow.
In short, this time the two were completely tied to death, and there should be no such and such problems in the future.
To a certain extent, it is still a perfect strategy.
……
Similarly, it has become a fact anyway, and Li Feng naturally did it generously. said that if Larry and Sergei negotiated a loan with those venture capitalists who instigated them, the conditions were too harsh, and they would help, which was also an ambush for the two of them.
After all, if it weren't for the instigation and provocation of these behind-the-scenes black waters, even if Larry and Sergei really had a heart, they could only think about it in their hearts in the end, even if it didn't work, they could make their hearts more comfortable.
After sending away the company's lawyer and others, only 5 people including Li Feng, Eric, and Larry were left in the office.
"OK, we should celebrate the completion of such a signing, but everyone knows the current situation, let's celebrate together after Google officially completes this financing, let's simply drink a glass of champagne today, I think Larry, Brin, the two of you should not object!" After completing the signing, Li Feng said to the two with a smile.
"John, where, Google is at its busiest right now, and success seems to be on the horizon, so we naturally want Google to get better and better, and when this round of funding is completed, it's best to celebrate. ”
"Okay, then let's talk about this Google financing and even the situation of Feixun. ”
"Eric's has helped us reach out to a lot of people lately. ”
"Okay, Erik, tell me about the recent contacts?"
"OK, then let me tell you, Google has received too many financing offers recently, there are ......"
……
Listening to Eric Balabala's narration, coupled with Larry and Sergey's interjections from time to time, plus Li Feng has been paying attention to and understanding some of the situation recently, Li Feng also has a detailed and clear understanding of Google's financing.
Recently, some investment institutions seem to have made an appointment, and the overall valuation quotation of Google is between 3-500 million US dollars, including Sequoia Capital, Intel Investment Group, Kleiner Perkins Huaying (KPCB) and several other large venture capital and investment institutions have chosen 500 million US dollars, the lowest valuation that Li Feng originally thought.
Originally, according to Li Feng's idea, as long as 10%, raising more than 50 million US dollars is enough for the time being, enough for Google to burn money until the end of the year, and wait until next year to launch its own portal and start to launch bidding ads, but unfortunately, the appetite of these venture capital is only 10% of the shares can not satisfy them.
For example, Sequoia Capital, KPCB, etc. all hope to obtain more than 30% of the shares, of course, for Li Feng's company's financing scale, investors in Silicon Valley and even the United States are used to it, every time Li Feng's company raises, the scale is far more than the first round of financing of Silicon Valley companies.
From the original Yahoo to Feixun, and now to Google, etc., this is not the case.
After discussing the situation of Google, it finally came to the conclusion that it can only be negotiated slowly, but it also gave the bottom line, the maximum 20% of the shares in this financing, the more shares are relinquished, the higher the financing valuation, and it will be negotiated according to this plan.
"Erik, how did you talk to Da Mo and Goldman Sachs, if Feixun skips financing and goes public directly, will there be any obstacles?" After completing Google's discussion, Li Feng turned the topic to Feixun again and asked with a smile.
"Going public?"
"Isn't it financing?"
“…”
……
As soon as Li Feng's words fell, Larry and Sergei on the side couldn't help but ask in surprise. At this time, the two of them were really shocked, and they said before that Feixun was preparing for financing, how could it suddenly become listed.
"There is nothing surprising to be surprised that today's Feixun has developed rapidly, achieved a balance of payments, and there is no shortage of development funds, since this is the case, the last time Da Mo and Goldman Sachs people came to the door, saying that since it is financing, it is better to go to the NASDAQ listing directly, I thought the proposal was good, so I tried to contact it first. Li Feng explained with a smile.
"Wow... , Erik, that's await!"
"John, Eric, congratulations!"
Listening to Li Feng's explanation, Larry and Brin were suddenly shocked, and then congratulated Li Feng and Eric Schmidt with envy on their faces.
"Larry, Brin, you two don't have to be envious, I believe that as long as you can keep one mind with the boss, I think the boss won't treat you badly, and you've been in contact with the boss for so long, you should also have a certain understanding of the boss and know that he is a person, right?"
"Uh... Don't worry, Erik, Brin and I will be on the same page with John in the future. ”
"Yes, yes..."
"You guys, don't worry, as long as we keep one mind, whether it's Feixun or Google, we will become heroes in the Internet era and surpass Yahoo in the future, and I'm very confident about that. ”
"Beyond Yahoo...!!"
"Beyond Yahoo, hooray!!"
"Haha..."