010 Yahoo's value
Next, Li Feng's life finally entered the norm, Zach and Li Feng lived an otaku life, went to the supermarket to buy a lot of ingredients, and then almost stayed at home for a week, and soon almost a month passed.
The time has entered March, and it has been more than 1 month since the launch of the Yahoo portal, and the last month has been the most beautiful month since Yahoo began, which is what Yang Zhiyuan and Li Feng said on the phone.
At that time, Li Feng heard Yang Zhiyuan's words, but he smiled faintly, thinking, when Yahoo goes public in the future, that will be your most beautiful time.
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"Hello, Li Feng, you are comfortable, we are all busy, sure enough, the investors are capitalists. β
"Wow, Brother Yang, you have time to joke about me now, it seems that it has been good lately. β
"Haha..."Obviously, Li Feng said about his excitement.
"Li Feng, it seems that you have Zhuge Liang's ability to do everything. In the last month, our company has received nearly $500,000 in advertising revenue, and oh my God, we're profitable. β
Listening to Yang Zhiyuan's excited shout on the other side of the phone, Li Feng was also happy.
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"Okay, then Brother Yang, what do you mean by calling this time, are you ready to share dividends. Li Feng joked with Yang Zhiyuan.
"Fuck off, I've recently added servers, network equipment, and found some professionals to come in, and the money is not enough, but the money is here. β
"Oh, so venture capital is coming to your door?"
"Yes, several of them have come to the door, and a few of them said they wanted to buy them directly. β
"Let the acquisition get out, it seems that venture capital is very necessary, we have to hurry, time is too critical on the Internet, one step ahead of the curve. β
"Of course, Li Feng, come to the company, when the time comes, we will first determine a charter, and then we can have a good chat with the venture capital company, haha..."
Obviously, Yang Zhiyuan is very excited, after all, he can already see the future prospects.
βYESοΌYESοΌYESοΌβ
Ending the phone call with Yang Zhiyuan, Li Feng jumped up and waved his hands fiercely and shouted.
In fact, it is normal that venture capitalists always have the most sensitive sense of smell, and when they realize the value of Yahoo, they immediately come to the door.
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"Boy, what's the good thing, so excited. But it was Zach who saw Li Feng's excitement, and then asked with a smile.
"Zach, haha, we made it, Yahoo has news, and we're going to face the first round of VC funding next. "Although I knew about Yahoo's success, I couldn't help but be excited when I got the news after I got involved.
"Wow, that's great news, there's nothing better than that. β
"Sure, Zach, are you ready to become a millionaire, a multi-millionaire right away?"
"Wow, Jhon, I love you so much. β
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Not to mention Li Feng and the others, at this time, in the garage where Yahoo was, Yang Zhiyuan also said excitedly facing the two people in front of him.
"Yes, Holy Son, he agreed to contact venture capital, tomorrow they will come over, we have to prepare to unify our opinions, and then we will face all kinds of investors and financial capital, everyone is ready. β
"Yes, I knew that the Son would agree. David Ferro also said excitedly at this time.
I have to say that the inertia of history is still very big, the trio in front of us, in addition to the two founders of Yang Zhiyuan and David Ferro, there is also a person named Tim Courg, who is now the general manager of the company, and is now responsible for the company's internal management affairs.
Later generations said that Tim Coorg was hired by Sequoia Capital to help manage the company after being ventured in.
In fact, Tim and Yang Zhiyuan also know each other, and at the same time Stanford alumni, perhaps due to the inertia of history, this time without Sequoia Capital involvement, Tim still joined the early Yahoo.
Now Yahoo's chieftain business card is still two people, Yang Zhiyuan and David, and Li Feng was originally added, but Li Feng said that he was an angel investment, so he refused.
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"Well, listening to the people in the company talk about the "Holy Son", I am also very curious, and I hope to see it as soon as possible. β
"Don't worry, Tim, that's a very nice guy, with a brilliant business acumen, and that's what he came up with for our profit model. β
"Oh, that's a genius boy!"
For Yahoo's profit model, after Tim joined, he also knew everything, especially the concept of portals and Internet new media, and the business model of content + traffic + advertising was even more groundbreaking, which was definitely a genius business idea.
Therefore, Tim has always had a strong curiosity about the "Holy Son" in the company's mouth.
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Just when the general manager of Yahoo was thinking about our protagonist, our protagonist was also running and jumping with Zach at this time, and he was very excited.
"Zach, we're going to Silicon Valley tomorrow, I can't wait. After the excitement, Li Feng immediately said.
"OK, John, thank you!" At this time, Zach calmed down, and then said to Li Feng with a straight face.
After all, no one can give themselves at least a few million shares of the company without blinking an eye, and maybe even tens of millions or billions of fortunes in the future.
"Hi, Zach, we're family, aren't we?"
"Of course, we're family!" Zach replied with a tearful nod of affirmation.
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At noon the next day, when Li Feng and Zach walked down in front of the Yahoo garage, Yang Zhiyuan led more than 10 people from the company to greet them and applaud them together, which made Li Feng feel moved for a while, but he didn't expect that he had been in contact with them for just a month, and they were quite popular.
Subsequently, Yang Zhiyuan took the two of them, David and Tim, and five people into the company's small conference room.
Then he gave a detailed explanation of Yahoo's results in the last month, so that Li Feng could understand it in detail, and then talked about the next first round of venture capital.
It can be said that this month is the most beautiful month for Yahoo, and now as long as you are on the Internet, you will basically patronize the Yahoo website, browse the information on the website, and search for the content on the website.
In other words, the current Yahoo is a combination of search and portal, which is also the Yahoo model of later generations.
Unfortunately, Yahoo later made a strategic mistake and did not pay enough attention to the search business, mainly developing portals, and with the rise of Google, Yahoo eventually got worse and worse.
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"Gentlemen, now that we have agreed on the first round of VC, we need to first set a valuation for our own website before we can meet with other investors, and now we can all talk about it. β
"Let me talk about it first, according to the actual situation of our website, last month achieved 500,000 advertising business revenue, if calculated according to a year, considering the development of the Internet, 10 million advertising business is feasible, then according to the market norm, our valuation should not be less than 100 million US dollars. β
As the general manager of the company, Tim was the first to put forward his opinion. In fact, according to the price-earnings ratio, Yahoo is definitely a behemoth on the Internet.
Li Feng also nodded, basically agreeing with Tim's opinion, of course, it is only used in the American market at present, but Yahoo has taken root all over the world in its previous life.
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"Ladies and gentlemen, we can agree with Mr. Tim's proposal in the U.S. market, but are you just guarding the U.S. market? The Internet knows no borders, so our goal is the whole world. β
At this time, Li Feng stood up and directly put forward the slogan of the whole world. It can be said that when Li Feng proposed that Yahoo needed the world market, several people present were stunned, and at the same time they were excited.
Yes, several people want to be in the domestic market, but what about the world, how big is that market. Thinking of this time, everyone couldn't help but look at the young man in front of them, and they were all slowly exclamation.
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"So, right now, the first thing we need is to estimate the money we need for our future development around the world, and then finance it according to the situation.
After all, we all know that although we occupy the early advantage, but the advantage on the Internet is the shortest, we can do portals, others can also do portals.
In the U.S. market, because of our early advantage, we may be able to occupy most of the market, but in foreign countries, we will face the challenge of Internet practitioners in other countries.
Therefore, I hope that this time we will be able to complete the initial funding for our Yahoo to develop a world-class website architecture through our first round of funding.
Our goal is to burn money, burn money like crazy, and burn all the money that comes in.
Speaking of which, at the beginning, I was an angel investment, so the next investment is a second round of financing, as for whether the third round will see the specific situation, if it can develop smoothly, maybe we will be able to go to the NASDAQ next year to ring the bell.
Our goal is that as long as you are on the Internet, you can first browse the Yahoo website to see all kinds of current affairs news, and if you need to find content on the Internet, you can find it through Yahoo Search.
Our website has met the basic needs of netizens, and at this time, we can't ask for a high price?
So, I value our Yahoo at $500 million, and if we can take the lead in the global Internet market, shouldn't Yahoo raise its valuation?
We are the No. 1 company on the Internet and deserve to be treated as the No. 1 company. β
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Sure enough, when I heard Li Feng's Yahoo valuation, although I had expected it, after all, Li Feng had said so much before, but when it came to the specific valuation, I was still dumbfounded.
You must know that Yahoo is less than 20 people at this time, counting Li Feng and Zack, two supernumeraries.
Another point is that the current venture capital community is generally tens of thousands and hundreds of thousands, and many millions of financing are shared through many living institutions, but Li Feng has proposed a crazy financing plan and valuation, no wonder everyone is surprised.
It's clear that if it does go according to plan, Yahoo will make American history.
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Many people say that in the early days of the Internet, venture capital was not easy, and many people needed to ask their grandfathers and grandmothers to succeed.
For example, in the previous life, whether it was Yahoo, Amazon, Google, FB, etc., in the initial financing, it was not as smooth as people imagined, and only when the company has developed, many people will flock to it.
Of course, as long as the initial investment in these enterprises has been rewarded insanely.