Chapter 142: The Father of Venture Capital, Dream Team
After handling Microsoft's affairs, Apple didn't let Lin Yi worry. After nearly two years of formal operation, its listing progress must also be pushed forward. Otherwise, not only ordinary employees, but even Macoola and Scott, will lead the executives to 'rebel'.
In order to reduce equity dilution, DFJ and KPCB, two venture capitalists owned by Lin Yi, have been introduced in Series B financing. However, in order to avoid weakening the right to speak, Jobs and Marcoura cooperated and pulled Sequoia Capital over.
The current shareholding structure has become more complicated. Lin Yi and Steve Jobs each account for 20% and are still joint major shareholders. As the founder, Woz's stake shrank to 15%. The second investor, Makulla, and all employees hold 16% of the shares, and the three venture capitalists hold 21% of the shares.
This share capital structure looks particularly balanced. After calculating the total weight, Lin Yi's interest in Apple has shrunk from 26% to 23%. Although he was not very happy, this kind of dispersion of equity made the employees enthusiastic.
"According to the existing distribution plan, when the company goes public, at least ten millionaires will be born!"
"I don't think that's the number. There are 8% of the shares, which have not yet been allocated! If someone makes a significant contribution, the share of Series C VC may be cut and then distributed as a reward. ”
In the field of personal computers, Apple is already number one. But the atmosphere of eating and waiting for death is not at all! The future has a head, and the employees are full of enthusiasm. Apples are like sports cars that have just been filled with gas.
In addition, there is another one worth noting, that is, Tang, the founder of Sequoia Capital: "Mr. Lin, I heard that your Paradise Game completely defeated Atari and became a well-deserved market hegemon. ”
Lin Yi has heard a lot of similar words recently, and his answer has been smooth: "They died by themselves, and their decisions were too radical, and they finally collapsed themselves." Heaven's move is nothing more than a boat pushing the boat. ”
Tang frowned: "Atari Games, is a company I have invested in, and its collapse makes me regret." And Heaven's actions, which I also think are too radical, may provoke a backlash from the government. ”
It turns out that the original words were not praise at all! Of course, Lin Yi will not despise the 'father of Silicon Valley venture capital', but he does not have to bow his head to the ear: "The inevitable law of the market is to eliminate the weak and retain the strong." ”
Tang shrugged his shoulders, his expression no longer tense: "For the company you invest in, you don't have to have extra feelings. Catch when you should catch it, and let it go when you should put it away. As for Atari's shares, I have already sold in time, which is a necessary ability for venture capital. ”
Lin Yi also became friendly: "Don, Hispanic surname, right? But your personality is completely different from Don Quixote." Rational and sharp, much like a matador. ”
After the atmosphere improved, Tang immediately made a move: "I heard that Paradise Games has carried out a joint-stock system transformation. If financing is needed, Sequoia Capital is willing to follow suit. We have the most experience in helping Silicon Valley companies go public. ”
It turns out that this is the purpose, a shrewd and capable person, as expected, has no superfluous feelings, and his eyes are always on the idea! He is not playing Tai Chi, but the times have changed, and no one can say what will happen in the future.
As soon as he finished signing here, a phone call from Hong Kong, Lin Yi immediately packed his bags and flew home across the ocean alone. As for Apple's new board of directors, it is enough to entrust it to his wife.
The reason for such a hurry is, of course, an important matter. Hong Kong Jiayi TV is about to close down if it is not doing well. It's time to get involved in the media industry.
In order to facilitate his actions, Lin Yi did not return to Tai O, but lived in an old house in Hong Kong.
The boss was tired from the journey, and after the jet lag, Qiao Anbang came to report: "Jiayi TV is the third TV station in Hong Kong after TVB and Li. It was launched in September 1975, and since this year, it has fallen into financial crisis three times. ”
Lin Yi smiled knowingly: "I came to Hong Kong and Jiayi was born, the timing is coincidental, it seems that everyone is really fate!" ”
He put away his smile and returned to the topic: "What is the cause of the crisis of Jiayi TV?"
"Jiashi's positioning is an educational television station. From 2 p.m. to 6 p.m. and from 9 p.m. to 11:30 p.m., all are TV teaching hours. Entertainment programs are compressed, resulting in sluggish advertising revenue, so it will lose money for a long time. ”
Lin Yi shook his head: "In the market economy, money worship is the inevitable result. Relying on a TV station to turn the tide is simply unrealistic. By the way, Qiao's Publishing House, have they come to look for it before?"
"During the first financial crisis, the other party took the initiative to come to the door and put forward a proposal to increase capital and shares. However, because he could not be a major shareholder, the boss refused at that time. ”
Lin Yi had just woken up, and his head was still a little confused: "Why are you looking for us instead of others?"
The boss is not in a good state, and Qiao Anbang can only prompt: ""Young Boys and Girls", "Science Illustrated", Dayu Foundation, in the Hong Kong education circle, your reputation is not small, so the other party took the initiative to come to the door. ”
Lin Yi took a look at the information, which were the Lin Bingyan family, Jardine Matheson, Hong Kong Commercial Radio, and three Chinese newspapers - "Sing Tao Daily", "Overseas Chinese Daily", and "Industrial and Commercial Daily".
"The shareholding structure is quite complicated, and it may take a long time to collect half of the equity in the past. I heard that the TV advisory committee is investigating, and Jiashi may go bankrupt and liquidate, and the time seems to be very tight. ”
"It's okay for the boss to be a major shareholder, but it's difficult to be a controlling shareholder. This radio and television license is essentially a policy license, not a completely commercial one. When the Lin family increased its capital three times and more than half of the shares, the Governor and the Executive Council ordered the company to be reorganized. ”
Soon, the latest news came, and Jiashi announced that it would stop broadcasting. At the same time, the High Court of Hong Kong appointed an Official Receiver. Time is very short, but Lin Yi believes that the matter is man-made! Hong Kong political network, he is not deep enough, so he organized a dream team.
First of all, the academic network was launched, and the professors jointly petitioned to keep the educational television station. Uncle Guan said with a smile: "If the TV station employees petition, the government will dare to arrest people." But the remnants of the Chinese movement are still there, and our side is not weak!"
At the same time, the publishing houses "Nanyang Observer", "Nanyang Observer" magazine, "Boys and Girls" and "Science Illustrated" also made a joint appeal.
Qiao Anbang is also very proud: "The voice of Hong Kong First News should not be taken lightly. All these newspapers and periodicals have a total readership of more than 1.5 million, accounting for one-third of Xiangjiang, which is our influence. ”
Zhu Li, a negotiator who was preparing for the music industry in Hong Kong, was temporarily requisitioned: "The death knell of liquidation is about to sound, and your Lin family should no longer have any illusions." It would be wise to sell the shares before the assets are frozen!"
60% of the equity, tens of millions of Hong Kong dollars at a low price to change hands. The opponent commented interestingly: "Americans are rude, both men and women. But this is only on the surface, but on the inside it is very cunning! However, if you want to take control, the British may not agree to it, and the end may be the same as mine. ”
In the event of a significant change in shareholders, the court must reconvene. During this period, Lin Yi will not wait: "Business roundtable, now it's your turn." ”