Chapter 186: Simple and Rough
Jim hesitated again, he felt like he'd hesitated more today than he had in a year.
Don't look at what he just said about Mosaic not going to sell more than 75% of its shares, there's nothing in this world that can't be sold, just look at whether the chips are enough.
Hearing that Xu Qing did not acquire 75% of Mosaic's shares for 30 million, he was very moved for a moment.
Mosaic has two founders, he and Mark, who is a recent college graduate from a modest family and in need of money.
And he was the founder of Silicon Map before, but he was good at technology and had almost no experience in fighting others, so he was kicked out.
Then he and Mark co-founded Mosaic, both of whom are tech-oriented, and more importantly, both of them are short of money, otherwise he would not have called John and invited him to invest in Mosaic.
If Mosaic has $30 million, can hire a capable professional manager, and he and Mark can concentrate on technology, Mosaic's growth will definitely be very fast.
But Xu Qing wants 75% of the shares, which is too much, and he, Mark and other managers, employees can only share 25% of the shares.
From owning almost half of the shares to maybe only 10% of the shares, this gap is a bit too big for him to accept.
"Mr. Xu, 75% of the shares is too much, I can't agree. Jim eventually refused.
"$40 million, 80% of the shares. Xu Qing's expression was still calm.
Before Jim could speak, John jumped out and said to Xu Qing: "Mr. Xu, your conditions are too rough, without you negotiating, you are breaking the rules." ”
John had to be anxious! 80% of the shares of $40 million, the average 1% of the shares are worth $500,000, which is $100,000 higher than the unit price of 75% of the shares of $30 million just now, and even more than the unit price of 25% of the shares of $5 million, which is $300,000 higher!
He originally talked about the price of 25% of the shares of 4.5 million US dollars, but now that Xu Qing's price comes out, his price is not competitive at all, although Xu Qing's shares are 80%, but Xu Qing's price is also very high.
Jim is very likely to agree, and when Xu Qing quoted 75% of the $30 million stake just now, he could see that Jim was moved.
Xu Qing looked at John with a smile: "Mr. John, isn't the negotiation just that both sides make their own conditions, as long as one party agrees to the other party's conditions, this negotiation will be completed, are there any other rules for negotiation?"
John was stunned and speechless, Xu Qing was right, negotiation is one party agrees to the other party's conditions, and the negotiation is completed, where are there any other negotiation rules.
Xu Qing must be prevented from acquiring Mosaic, otherwise Xu Qing's acquisition will be successful, and there will be no share of KPCB.
With the remaining 20% of the shares, it is impossible for Mosaic to sell them completely to KPCB, up to 5%, but 5% of the shares do not make sense to KPCB.
KPCB has never invested in other companies to get less than 5% of the shares, and if he were to buy 5% of Mosaic's shares, he will definitely be ridiculed by KPCB's other partners and will damage his prestige.
It is impossible for Xu Qing to give up the acquisition of Mosaic, so let Jim reject Xu Qing's acquisition, at least not too many shares.
Thinking of this, John said to Jim: "Mr. Jim, Mr. Xu wants to acquire 80% of the shares of Mosaic, which is too dangerous for Mosaic!"
You and Mark are the founders of Mosaic, and if you own only 20% of the shares, how can you control the company?
And if you can't control the company, then your fate will be miserable, Mr. Jim, have you forgotten the lessons learned at Silicon Chart!"
Xu Qing didn't stop John from speaking, he leaned back in his chair in a relaxed posture and looked at Jim.
When Jim heard John's words, a look of pain flashed on his face, it was the pain of his life to be kicked out of the company, and it was a shame for the founder of any company to create the company with his own hands and be kicked out.
At this time, Xu Qing said: "As long as Mr. Jim and Mr. Mark do not cause significant losses to the company, I will not kick the two gentlemen out of the company." ”
"You're saying a good thing right now, but when you buy Mosaic, it's not like you can do whatever you want. John jumped out again.
Xu Qing was not angry and continued: "What I said can be written into the contract. ”
John is a little out of tricks, no, there are tricks, Xu Qing's words just now can be understood as long as Jim and Mark cause significant losses to the company, they will be kicked out of the company.
"You said that you wouldn't drive Mr. Jim and Mr. Mark away without a major loss, but it's not up to you to say that $100,000 is a major loss, and Mr. Jim and Mr. Mark can be driven away by you. ”
John continued to jump out and say.
Xu Qing frowned, and John jumped out several times to prevent him from buying Mosaic, like losing his mind, not at all like the president of a powerful venture capital company.
John had no choice but to do so, and Jim called to ask KPCB to buy Mosaic, but was rejected by the other KPCB partners, who insisted that Mosaic was worth investing in.
So he personally came to Mosaic to negotiate with Jim about the acquisition, but now that Xu Qing suddenly joined, if he didn't buy Mosaic's shares in the end, it would definitely damage his prestige.
Other partners will look at him like this, you can't do things! 5 million US dollars and 25% such a high price will not buy a stake in Mosaic!
After a few minutes, Jim finally spoke: "Mr. Xu, I have to discuss with Mark and other managers and employees, and I can't give you an answer now." ”
"No problem, I hope Mr. Jim will get me back soon. Xu Qing said.
"I will get back to you within 5 days. Jim said.
"Alright, I'll take my leave. ”
Xu Qing stood up and left the conference room, without looking at John, Jim and Mark hurriedly sent Xu Qing away, while John sat in his chair and was silent.
Xu Qing, Jim, and Mark were separated at the door of Mosaic, walked down the floor, got into the car, left Silicon Valley, and returned to the villa.
He wasn't worried that John would come up with something to prevent him from buying Mosaic, and even if he couldn't buy Mosaic, he would have to do it and he could do it.
Jim and Mark returned to the conference room, and when John saw them coming back, he hurriedly said, "Mr. Jim and Mr. Mark, don't agree to Xu Qing's acquisition, 80% of the shares are too dangerous for you."
And I will go back to the company and negotiate with other partners to increase the purchase price as much as possible, and we still want 25% of the shares. ”
Jim was pleased with John's words, if John's price was high enough, then he didn't have to sell 80% of his shares to Xu Qing, and it was of course best if his and Mark's shares could be as high as possible.
John left Mosaic in a fit of grievance, he was like a god before he came, and Mosaic wanted to get him to invest.
Now, in turn, like a beggar, he almost demanded that Mosaic sell his shares to him.
It was Xu Qing who stepped in horizontally, and John kicked the wall angrily, and he gasped in pain.