Chapter 498: To hell with it

Exactly one round older than his own age.

Bezos, who was born in 1964, can be described as a real-life version of a genius student.

When he was three years old, he didn't like his crib, so he picked up a screwdriver and tried to remove the crib.

At the age of thirteen, he became interested in the shooting scope, but the price of $200,000 made it impossible for him to get permission from his family, so Bezos bought back the cheap components and assembled them by hand, and even recorded the whole process and published a physical book.

At the age of sixteen, he was able to install windmills, use arc welders, and even demale cattle......

He graduated from high school with the highest honor for high school graduates in the United States: the American Merit Student Scholarship......

Two years after graduating, he joined a New York Bankers Trust, where he managed $250 billion worth of computer systems, becoming the youngest vice president in the bank's trust company's history at the age of 25, and co-founded the world's most advanced and successful hedge fund trading management company......

is only thirty-three years old, but he already has a serious tendency to lose his head, his smile is frank but his eyes are sharp, and the strong self-confidence that is inadvertently revealed makes Fu Zhengyi, who met him for the first time, feel that 'it should be like this'.

Bezos also met Fu Zhengyi for the first time, and for the young man in front of him, who seemed to be a college student, he felt in vain that Xi Meiwen, the executive president of FL North America Venture Capital, admired him a little too much.

Because, in addition to his passable appearance, he really didn't see how good this young man in front of him was, and he didn't think that this person was the owner behind [FL North America Venture Capital Company].

I didn't think there was any point in meeting at this time and place, but anyway, the young man in front of him was also a partner who had invested a lot of money in Amazon, so Bezos quickly got into a working state. Since the establishment of the company, it has sold 510,000 yuan in 95 years and has a book loss of 300,000 US dollars. In '96, sales reached 15.7 million, and the book loss was kept within $6 million. This year, with sales of 44.8 million as of yesterday, the company has served more than 400,000 customers......"

Fu Zhengyi tapped his fingers on the table. "I'm sorry, but these boring numbers are not what I want to hear here and at this time. I know you're busy trying to convince more investors to accept your business idea and give Amazon a higher valuation, so let's cut it short. What I want to hear is your vision for the company's growth, and a rough plan for how you plan to implement it!"

Bezos was stunned, and out of the corner of his eye, he noticed that Xi Meiwen was acting as a recorder along with the young girl who came with Fu Zhengyi, and couldn't help but feel dissatisfied, and said very seriously. "Now is a critical time for the company to seek investors, the company's valuation will affect the company's development in the second half of the year, every dollar of pricing up means that the company can get an additional $4.6 million in working capital, although Amazon has developed to this day thanks to the [FL North America Venture Capital Company] capital injection, but according to your Oriental words, it is 'things are prioritized', and all my work at the moment is around the company's listing, rather than sitting here and talking about the future, describing the future prospects, Tell what the specific implementation plan is!"

Bezos's tone made Xi Meiwen feel something, and she immediately spoke. "Bezos, whether as a shareholder of Amazon or as a partner of Amazon, you should not make such a complaint in such a way and on such an occasion! I hope you will apologize immediately......"

Seeing that Bezos was a little embarrassed, Fu Zhengyi asked after signaling that it didn't matter. "I don't need to apologize, I wonder what the trouble you're in right now?"

"The current trouble is that potential investors need to accept the company's short-term non-dividend and non-profit business philosophy, but most investors believe that the company can only be given a two-year loss period at most, and if it is longer, it will not only affect the confidence of participation, but also affect the possibility of refinancing after listing......

keenly aware that there was something in Bezos's words, Fu Zhengyi asked. "Is this the opinion of the investment bank or the opinion of the bank?"

Unexpectedly, this young man would quickly grasp the key point, and Bezos was a little embarrassed. "Investment banks!" Banks also have concerns that banks are reluctant to give companies a higher credit line based on last year's profit and loss ratio and profit expectations......

"Investment banks don't need to pay attention! As long as the company really has growth and broader development prospects, there is no need to be so anxious about Amazon's listing! What is the current valuation of the company given by the investment bank? What is the upper limit of the pricing per share?"

"Less than 300 million, no more than $10 per share......"

"If I value Amazon at a 20 percent initial offering, I value Amazon at a billion dollars at a price of not less than $40 per share!"

Bezos was stunned.

The valuation of 300 million has exceeded his expectations!

When 13% of the company's shares were transferred to FL North America Ventures a few months ago, the valuation of the entire company was less than 60 million!

"Well, if Amazon's valuation is less than $1 billion and the price per share is less than $40, the listing will be terminated." The working capital you need will be provided by another umbrella holding company, and this umbrella holding company will also not participate in the management of Amazon, let alone seek control of Amazon!"

Bezos was completely stunned.

After half a ring, he was stunned. "You're not kidding?"

"Twenty percent of the shares are just over $20 million at the current issue price. In order to prevent a company destined to be 'great' from being sold cheaply, I am willing to pay a higher price to keep it in good shape, rather than being tested by Wall Street and all the doubts raised by minority shareholders!"

This categorical statement immediately reversed Bezos's initial impression, and he became excited. "Do you really not participate in the operation of the company, and do not seek control of the company, completely retain the current state of development?"

"Yes, the company is still completely up to you, as before!"

"Then let the mean investment banks and the greedy bankers go to hell together! I fully accept your terms!"

Bezos shouted and stretched out his hand to Fu Zhengyi.

After shaking his hand, Fu Zhengyi took the coffee in front of him and drank it, waiting for Bezos to calm down before asking. "Okay, now you can always talk about your plans for the company's development, right?"

"The U.S. book market can reach an annual output value of $200 billion, but the largest book distributor in the United States with hundreds of stores only occupies 12% of the share, and Amazon's goal is to become the largest online book supplier in the United States! Change consumption habits, and in the longer term, Amazon will need to establish more transit stations, through the collection and analysis of user habits, to simplify as much as possible the time and energy spent on selecting books......"

Similar to Pierre, who was sitting on the side and was not allowed to speak, Bezos's eloquence impressed Fu Zhengyi when talking about the company's development prospects, and he waited for the other party to finish talking before asking. "So what is Amazon's inventory right now, and how fast are the books on the website updated?"

"NONONO! THE COMPANY DOESN'T NEED TO HAVE INVENTORY! EVERY ORDER IS MADE AND THE COMPANY PURCHASES IT, AND THE BOOKS ON THE WEB ARE UPDATED AT A WEEK'S RATE, WHICH IS FAR ......FASTER THAN THE THREE OR FOUR TIMES A YEAR FOR THE NATION'S LARGEST BOOK SELLERS."

Fu Zhengyi doesn't remember the development process of Amazon very clearly, but he knows the fields involved in Amazon's operation, so he said it after Bezos finished speaking. "Since the question of funding will no longer bother you, I will only make a few suggestions. The first is to set up a children's bookstore as soon as possible, because I believe that the profit of children's books is much higher than that of adult books. The second is to speed up the preparation of online music stores, if the operation of online music stores is good, then you need to think about selling videos online, preparing for the establishment of movie review systems, and when appropriate, also consider online pharmacies, online retail goods and many other products that can be sold online......"

Stunned by the prospect described by Fu Zhengyi, Bezos immediately took out his notebook and began to record after coming to his senses, only to raise his head in surprise after a moment. "Fu, then you mean that as long as you say, all the goods that can be sold online can be sold online?"

"Isn't e-commerce about breaking the traditional channels and making shopping fast, simple and easy?"

What he just said was quoted by the other party, which made Bezos feel more and more fond of the young man in front of him, and said solemnly after laughing. "Fu, I solemnly apologize to you. I was too rude at the beginning of the meeting, please forgive me!"

"Apologies really don't need ......"

Waving his hand, Fu Zhengyi saw the shocked face of Pierre, who was sitting on the side, and then remembered the reason for bringing him over, so he smiled and said to Pierre. "By the way, I hope you didn't hear about the development plan I mentioned to Bezos just now, how about it?"

"The company needs your opinion! I think maybe it was a mistake to recruit Ms. Meg, you are the best person to be the company's CEO!"

Pierre's seriousness made Fu Zhengyi laugh dumbly.

Xi Meiwen, who was sitting on the side, also covered her mouth and smiled, shaking her head and saying. "Pierre, don't have a similar idea, BOSS is still in college, he doesn't even have the time to manage [FL North America Ventures], how can he go to your company to take a position......" (To be continued.) )