Chapter 10: Ideals (II)
At noon, it rained lightly.
When Pete Thiel arrives at the Four Seasons Hotel and finds Jim Breyer in the revolving restaurant on the top floor, the director who has broken away from his grumpy and returned to his elegant gentlemanly appearance, with a white napkin tucked on his chest, cutting veal steaks, soft music drifting in from the quiet distance, and the bright sky from the window fills in the blood-red glass of wine on his table.
After letting a few waiters all the way, when he came to the table, Breyer, who was intoxicated by the mellow taste of the veal steak, saw him and hurriedly beckoned to him.
"Pete, sit down, the steak here is amazing, would you like one?" See, in order to enjoy it, I also brought this bottle of Bordeaux wine, from authentic Platus, to smell this vanilla oak...... Wow!"
Breyer seemed to be in a good mood, and Tyre smiled and shook his head, "I ate before I came." ”
And he didn't have that kind of artistic cell to enjoy any wine from Potus, which tasted the same in his mouth anyway.
"Well, don't blame me for not sharing later. Breyer shrugged his shoulders disapprovingly, wiped the sauce on his lips, picked up the knife and fork again, and said in a rather happy mood: "Pete, my friend, I should have done what you said a long time ago before you thanked me for reminding me, look, Yahoo has been in a hurry and raised the offer to $1.3 billion, and in just a few days, the value of our shares has risen by a third!"
Tyre pursed his lips reservedly.
"Greylock is also very happy that this has been in recent years. The company's most successful investment, several senior partners, have secretly expressed their desire to move closer to me because of this incident, and my control of the company has been further consolidated, all thanks to your reminder, my friend. ”
"Hehe, I just did what I had to do, and now that the results have not been revealed, Zuckerberg has not given up on the idea of refusing to sell. ”
"So what?" swallowed a bite of steak. Breyer, who was holding the goblet, raised his eyebrows. "He thinks that with that Ann support, he can rule Facebook? No kidding, $1.3 billion, according to this trend. Yahoo is likely to continue to rise. Not before their bottom line. They probably won't give up, and Ahn Jun-hyuk is also an investor anyway. How long will he be able to support Zach?"
This statement naturally makes sense, but ...... I don't know what to think of, Thiel pulled the corners of his mouth helplessly, and after a while, he said: "So, Zach wants to hire Ahn Junhyuk as CEO!"
“…… What?" Opposite Breyer, he paused as he tasted the wine.
"I just got the news this morning, these days, Zach and Parker, Moskowitz, have been lobbying the engineers who hold the shares, hoping that they will support Ahn Joon-hyuk to take over as CEO at this afternoon's shareholder meeting. ”
Breyer frowned, "Where did you get the news from?"
"It came from the mouth of an engineer who was close to me, and it must be reliable. ”
Breyer was silent, he didn't expect Zuckerberg to make such a concession in order to win over Ahn Junhyuk.
In the past year or so, he, Thiel, and Si Ze have wanted to hire a professional manager for Zuckerberg more than once, but Zuckerberg always said that others did not understand his idea and were unwilling to give up power, and of course everyone also understood what the consequences would be when a founder gave up power.
Hollowing out the founders, seizing control, and then kicking the founders out of the company has almost become the standard investment procedure on Wall Street.
There is no such thing as who is right and who is wrong, everyone who has enough ideas and ambitions wants to control the company they invest in, and believes that only they can take it on the right path.
Because Zuckerberg is always reluctant to hand over power, and almost everyone knows it, Zach has seen the shock caused by Sean's kicking out of the company, so he never thought that Zucker would hand over control of Facebook in order to obtain Ahn Junhyuk's absolute support.
However, if this kind of thing is in normal times, it may indeed make a mess of yourself, but now......
After thinking for a moment, Breyer sneered.
Now who in Facebook doesn't know that Ahn Jun-hyuk and Zuckerberg are wearing the same pants? At the moment when Yahoo raises prices, huge profits beckon, whether to follow Zucker all the way to the black, or agree to sell Facebook, exchange the equity book in his hand for 100,000 or millions of banknotes, and get rich overnight, I believe those engineers will understand!
Want to turn the tables at a shareholder meeting?
Naive!
Thinking, Breyer regained his graceful demeanor, "Don't worry, my friend, there is a temptation of $1.3 billion, and they can't make any big waves." ”
Tyre smiled when he heard this, "Of course I'm not worried, I'll tell you the news, I just hope you be careful, in the past few days, I checked Ahn Junhyuk's information, that guy is always unexpected in South Korea, and he is very courageous and decisive, do you know Choi Tae-won?"
Chey Tae-won?
Breyer recalled for a while, and then asked uncertainly, "Is it the CEO of South Korea's SK Group?"
"Well, three years ago, when Chey Tae-won and the independent asset management group had a dispute over the management of SK Group, you should have heard that the Big Mac and Chey Tae-won had been fighting for more than 20 months, and the only way to go was to divest and sell stocks. What is the ability of this old Korean man, I believe you also have an idea, but last month, he just lost at the hands of Ahn Jun Hyuk. ”
As he spoke, Tyre gave a brief account of the information he had found.
But even the more he listened, the more he listened, the more solemn Breyer's face became, and in the so-called JS battle recounted by Tyre, he saw a master who acted step by step, and there was no lack of imagination, and almost all the factors were used to the extreme.
Public opinion, economics, politics, and even personal influence.
All of this made him almost a little unbelievable that it would be the young man he saw in the conference room that day who made such a move.
The knife and fork unconsciously rubbed on the plate, the steak had already been cut, pushed aside by the constantly grinding knife, and the 5 ripe pink shredded meat was soaked in the sauce, and by the time it was finished, it had cooled down, and the juice was condensed.
Outside the window, a light rain was still falling, and lead clouds were rolling over Palo Alto.
After a long time, Breyer came back to his senses, his face was a little complicated, a little jealous, a little afraid. He is not the young man in his early 20s in the 80s, who went to Apple to apply for a job just because of his ideas and admiration, and has been in the world of capital for so long, doing nothing and frustrating, so he also understands that some people are indeed talented, and diligence does not make up for the meaning of the word "genius".
There is a kind of person who, after working hard for a lifetime, cannot climb the height that others can climb, and there is a kind of person, even if it is just a flash of inspiration, can stand on the peak.
In his career, he feared the latter the most.
After a somewhat complicated silence for a while, Breyer pulled up the napkin and wiped the corners of his mouth, and smiled reluctantly: "Pete, you told me the news, did you come to hit me on purpose?"
"Of course not, I just wanted to say, Jim, be wary of him, and if you can, stop them from holding a shareholder meeting!"
Breyer was silent.
How to stop it?
The afternoon meeting is about to begin, of course, if Graylock, Axel, and Meritek unite and oppose the convening of this meeting, then any resolution that comes out of the meeting, they have reason to deny its legitimacy, but the question is, what will Yahoo do if the internal contradictions are made public?
They're going to stop offering, they're going to wait and see, they're going to analyze, they're going to choose another way to take control of Facebook — for example, by openly luring Zach into raising a fifth round early, bringing in a new board seat, and then breaching the fortress from within, in which case Yahoo would have the final say on the price......
It's just a possibility, but he can't take any chances!
After settling down, Breyer re-cut the steak and said with a smile: "You're too worried, my friend, they can't turn over!"
Yes, they can't turn over...... Can't turn over......
He chewed, but didn't notice that the steak was already cold and full of fishy smell!
……
After noon, the Four Seasons Hotel in downtown Palo Alto had some special guests, not particularly rich, but dressed really out of place with the hotel. There were about twenty of them, most of them in their 25s and 6 years old, and the older ones were over 30, but they were all dressed in casual clothes, T-shirts, shorts, slippers, and even a little more normal, just a pair of pants.
They also have another sign of the same - pale face and dark circles under their eyes!
But this is the confines of Silicon Valley, and there are many Internet companies in Palo Alto and nearby cities, and the waiters don't care if they see so many similar customers, they patiently guide them upstairs, and then listen to them stand at the entrance of the glittering conference hall, whistling, or swearing.
"I haven't had a meeting on a meeting like this, and lo and behold, the floor can be used as a mirror, when did Zach become so rich? Didn't he say last month that all the money was put into the server, so he didn't give us a bonus?"
"This damn curly-haired liar!"
"I've heard that it seems to be the new shareholder's money, after all...... You know, he wants to be the boss!"
“…………”
At this meeting, some people already knew the theme of the road, and the company wanted to step down as CEO and let the company's second largest shareholder, a South Korean named Ahn Jun-hyuk, take over. To be honest, the people who know about this are quite complicated, emotionally speaking, supporting Zack should not be something to consider, and their shares are all transferred by Zack.
But feelings can't be eaten, 1.3 billion...... Even if it only gets 1%, it's enough......
When Zach lobbied them, he always said ideals, but ...... Ideal?How many dollars a pound?(To be continued......)