Speaking of 'classmates who started a business in the garage', Sun Dawei's face is shining!

Even in the United States, the Internet is a new thing, with simple functions, rough pages, mediocre performance, and intimidating high equipment requirements......

Despite all the difficulties, college students and professors in American colleges and universities are happy to spend their time and energy on this thing that can transcend time and space, from its birth to the present, in just two years, the Internet has become a hot word in the scientific and business circles of the United States.

In 1994, two young people at Stanford University who liked to surf the Internet found many of the web addresses were too cumbersome to manage, so they organized the bookmarks into categories, compiled them into software, and put them on the Internet for other surfers to enjoy.

Later, the two men named the site Yahoo after a group of wild men in Gulliver's Travels.

In the nascent era of the Internet, this easy-to-use website quickly became popular, and in less than half a year, the number of hits exceeded one million.

Seeing this situation, these two young people, who understand science and have business acumen, immediately made a business plan, and through Wall Street capital, found the world's top investment bank Sequoia Capital, and persuaded the other party to raise $1 million.

With this money, the two realized that the rest of the school's doctoral program would only be a drag on their careers, so they decisively dropped out, took two million dollars, hired a few alumni in a garage, and started their real business.

Among these alumni is Sun Dawei.

It looks like it's a good start, even a fantastic one.

However, although the Internet is fashionable, it has not found a very good way to make money, and the two million dollars are quickly spent, and it is impossible to make ends meet; at this time, AOL has taken a fancy to this start-up company and proposed to buy the Yahoo company entirely.

The company's two young bosses did not hesitate to turn it down.

But refusal is rejection, the money has to continue to burn, and Yahoo, which looks like it is booming, is really like a big furnace that burns money, and the hot scene is completely thrown into the furnace.

Seeing that it was almost unbearable, in the fall of '95, SoftBank's Masayoshi Son came to the door and injected $2 million into Yahoo again, which made the company that was almost dead breathe a sigh of relief.

But the problem is that even with these two million dollars, Yahoo still hasn't found a profit point, and it's still burning money.

The last two million took more than half a year, and this time the two million is estimated to be burned out again in less than half a year......

Sun Dawei is a caring person, and once chatted, pretending to inadvertently reveal to Yang Zhiyuan, the Asian founder of Yahoo, that there is such a boss as Liang Yifei in China, and he once said that he was willing to invest in good projects;

Yang Zhiyuan will be suspicious, he is not a mainlander, his understanding of the mainland is very limited, and he has a stereotyped impression that the mainland is very poor, and his impression is still stuck in the era of 10,000 households; in his opinion, how much money can the so-called rich people on the mainland come up with? 100,000 yuan or 500,000 yuan? This is a drop in the bucket for Yahoo.

Moreover, can the bosses of the mainland understand what the Internet is? They don't think that the Internet is like a fishing net, right?

After going abroad, Sun Dawei really opened his eyes, and felt that these domestic bosses were really lo, but he had a very good impression of Liang Yifei, so he repeatedly persuaded Yang Zhiyuan.

In Chinese, there are no dates to hit a pole.

So Sun Dawei came this time to find Liang Yifeila to invest, in foreign terms, it is called financing.

"Principal, although Yahoo is not profitable at the moment, but the clicks, users and other data are very high, the increase is amazing, if you need it, I will ask the United States to send a data to ......" I think Yahoo's current situation is indeed a little difficult to explain, Sun Dawei finally explained.

"Dawei......" Liang Yifei pondered for a moment and said: "The Internet is an emerging thing, in the past few decades, it was the industrial age, and the future may be the Internet era, so I have confidence in the Internet." ”

"Internet age?!" Dart Sun was stunned by the word!

He loves the Internet and has confidence in the Internet, but at present, even the most optimistic people in the United States are not so sure that the future world will enter an era in which the Internet rules everything.

If so, isn't investment a joke?

Before coming back, he also had Yang Zhiyuan's worries: first, Liang Yifei's money was small, and his understanding of Liang Yifei was limited to when he came back at the beginning of last year, when China Turtle Jing had just been listed, Liang Yifei was a rich man at that time, but he was not yet rich enough to get involved in investment banking.

Second, I am also worried that Liang Yifei does not know enough about the Internet and is unwilling to invest in this illusory project.

But at present, it seems that Liang Yifei's confidence in the Internet is amazing, and at the same time, he also won the CCTV standard, it is foreseeable that he will definitely make a lot of money in the future, and there will be no shortage of money.

"However, we will talk about things and treat them on a case-by-case basis. Liang Yifei smiled at him, signaled him not to be so excited, and said: "Yahoo, I am willing to invest, but how many shares can I get in exchange for my investment, or in this way, after Sequoia and SoftBank have invested, how much money do I have to invest before I can enter the threshold, and Yahoo is willing to accept it?"

Yahoo has invested twice at $2 million each, which is actually equivalent to an angel investment and a round of financing.

Even if there is no prophet, only according to common sense guess, in the context of the Internet is about to come, two of the world's top super investment banks have gone out of financing, so what is Yahoo's valuation at this time?

And there is a deep-seated problem, there is potential for corporate financing, the selection of objects is also very particular, not necessarily money, generally the first choice is to have a background, credibility of large investment banks, in order to help the future listing and development.

Will Yahoo, based in the United States, accept investment from the owner of a private enterprise far away in China?

It's all uncertainty.

What's more, there are still huge barriers between China and the United States at this time, whether it is economic, cultural customs, or ideology, as well as the understanding and trust of the people on both sides in each other, they will constitute obstacles.

For Yahoo, Liang Yifei has a certain memory prophet, after all, it is one of the world's top super Internet companies, MBA has tutorials related to it, if I remember correctly, in the middle of this year, Yahoo will use like 3 or 4 percent of the shares, take a one-time 100 million US dollars from Son Zhengyi, followed by the listing, and then the stock price tripled on the same day.

At this stage, the opportunity is sent to the door, and Liang Yifei naturally wants to take a bite, but how can he take chestnuts from the fire?

"Well...... Sun Dawei's face showed an unnatural look, and he said a little hesitantly: "Principal, this time, it's not actually financing, well, it's a loan......

said, without waiting for Liang Yifei to scold his mother, he immediately said: "But the interest rate is very high, and the annual interest rate can reach 50%. ”

Then he looked at Liang Yifei with some apprehension.

Liang Yifei laughed and said, "Dawei, do you really think that my money can't be spent idle? Let me tell you this, in China, no matter where my money is invested, it will not only return 50 percent a year, right?"

"Principal, I know it's really not good to mention this, but I think so, you don't necessarily lack money now, but you lack the opportunity to exchange with the most cutting-edge technology with the world, after all, the country started too late, no matter what industry you do now, you have to lag behind foreign countries, no matter how hard you try to catch up, I'm afraid that within a few years or even decades, you still have to follow behind to learn to be an honest apprentice, but the Internet is different, this thing in the United States, it has only just started, we have the opportunity to catch up or even surpass in the shortest possible time. ”

Sun Dawei said a lot in one breath, swallowed his saliva, pursed his lips, and said seriously: "Contacting Yahoo is an opportunity to contact the Internet and then learn." ”

Liang Yifei has been listening to him, and he was a little surprised in his heart, but he didn't see that Sun Dawei looked like a nerd, but he looked at the problem very viciously.

Overtaking in corners, this sentence has been shouted for more than ten years after that, but where in the world is there any shortcut to take? At best, that is, people use 50 years, and we use 20 years or 10 years to catch up little by little.

Only the Internet, as Sun Dawei analyzed, this piece of technology, the gap between the two sides is too small, and the Chinese population base is large, but there is the possibility of overtaking, in fact, this is also the case.

"Headmaster, did I say something wrong?" Sun Dawei asked cautiously when he saw that Liang Yifei didn't speak.

"Dawei, you're right, I couldn't agree more. Liang Yifei nodded and said, "That's it, three million US dollars, not a loan, it is a financing, but I don't participate in any Yahoo management and voting, you can ask, how many shares can you give me...... Well, let's put it this way, since I agree with your point of view, then the stake can be less, it doesn't matter, but in the future, I hope that when necessary, I can send some people to Yahoo to study appropriately, or internships, and you have to make this clear to the other party. ”

"Then I'll make a long-distance call right away, and three million dollars can solve Yahoo's urgent needs. Sun Dawei got up and prepared to call next door, three million dollars is not less, if it is the first round, I am afraid that I can get more than a dozen points, although Yahoo's valuation has risen sharply at this time, and Liang Yifei is a Chinese entrepreneur, but no matter how discounted, there can still be considerable results

"There's no rush on this. Liang Yifei said: "Dasway, I want to talk to you about the point, now it's not actually Yahoo, but another thing." ”