Chapter 150: Yahoo
There is an easy-to-search navigation website online, and offline air conditioners, chassis, and clothing, the three categories of products are gradually on the right track, and Su Jingzhen's business empire has faltered and taken the first step.
"Sue, come and see this website." Coleman had already arrived at the office on the Upper East Side, and when Su Jingzhen arrived at the office today, Coleman called him to his desk.
"Oh? Yahoo? I know about this site, Michelle and Joanna are in contact with them, and I think we'll be able to meet their founders soon. Su Jingzhen came over to take a look, isn't this Yahoo, and immediately patted Coleman on the shoulder and said.
"No, I'm not meeting them, I mean, the history of the development of this website is worth learning, you see they were the same as us at the beginning, they were looking for some popular site addresses, and then at the beginning of the year, they got the support of Netscape, so they started to get out of control." Coleman used his special speed of speech to explain his suggestions to Su Jingzhen.
"Oh? You mean let's work with other sites as well? Netscape, for example? ”
Su Jingzhen quickly understood what Coleman meant, but he didn't agree too much in his heart.
"You can also work with AOL or other companies, not necessarily Netscape." Coleman found that Su Jingzhen understood what he meant, and said happily.
"It's not time yet, we're still very weak now, and if we cooperate directly with these companies, we will be undervalued, and others will not look down on a small site like us, which requires us to work harder." Su Jingzhen patted Coleman on the shoulder and explained some of his thoughts.
Coleman thought for a moment and nodded, knowing that now was not the best time to come to those companies.
"There have also been some small news in the industry, Yahoo once went to Netscape and AOL, but these two big companies do not have a high valuation of Yahoo, but I don't quite agree, I think Yahoo's future is very bright, so now let's calm down and see the opportunity." Su Jingzhen added, how much is Yisou worth now? If he sells it, it is estimated that others will not even give out 100,000 yuan, and he is not short of this money, so why bother.
However, Coleman's words reminded Su Jingzhen that he had been paying attention to the affairs in Japan a few days ago, and what happened to the matter of contacting Yahoo before?
Back in the corner of the office, Su Jingzhen picked up the phone and called Michelle.
"Hey, it's Sue?" Michelle's slightly gasping voice rang out.
"Well, it's me, what are you doing? It was as if I had run up to the twenty-eighth floor in one go. Su Jingzhen listened to Michelle's breath on the other side of the microphone, and couldn't breathe, so he asked curiously.
"Yes, on the treadmill." Michelle gasped in reply.
"Uh, I just wanted to ask, how did you talk about that contact with Yahoo?" Hearing that Michelle was busy, Su Jingzhen stopped chatting and immediately asked the reason for the call.
"Joanna and Citi are following up, I don't care about this during this time." Originally, Michelle's channels were the most extensive, and it was more appropriate to leave this matter to her, but Michelle said that she was busy during this time, and she threw it to the bank to do it, so there was no way.
Although Joanna is also following up on this matter, after all, she also has her own job, so she is a little lax, and it seems that Su Jingzhen still needs to make a phone call to the bank.
After ending the phone call with Michelle, Su Jingzhen called Joanna first and asked how far this matter was going now, originally he thought that Joanna would not know anything.
Who knows that Joanna seems to know quite well, this is a little strange, this is different from what Su Jingzhen thought, only to find out that the manager of the bank now contacts her every day, and will tell her as soon as there is news.
"In the past two months, Yahoo has been in contact with a venture capital company, and she has entrusted Citi's investment bank to contact it, but the effect does not seem to be very good, and the venture capital company that contacted Yahoo seems to have signs of monopoly." Joanna was at work, and in a few words she said what she knew.
Is this the venture capital firm? With such a good eye? Su Jingzhen still admires it in his heart.
After hanging up Joanna's phone, Su Jingzhen directly dialed his Citi private banking line.
"Hello, Mr. Su, do you need any help?" The voice of the customer service sister paper is very beautiful, and Su Jingzhen secretly praises it.
"My lawyer told me that there was some surprise that she had asked Citi to contact Yahoo in my name? Let me inquire. Su Jingzhen expressed his meaning directly.
"Wait a minute, I'll transfer you to your investment manager." The customer service sister paper had no ability to help Su Jingzhen solve this problem, so she could only transfer the phone away.
"Hello, Mr. Su, I'm Isabella is your investment manager, your problem, we are already dealing with it, Sequoia Capital and Yahoo have agreed to our intervention, and Yahoo is currently conducting a professional valuation accounting." As soon as the phone turned around, it was a woman again, but this one was more professional, not only did she not need Su Jingzhen to ask questions again, but she could also immediately give answers to her consulting questions.
"Hello, Isabella, you don't need to be so polite, just call me Sue." Su Jingzhen, who heard the good news, was quite happy and was very polite to the investment manager who announced the good news.
"Okay, Mr. Su, let me briefly explain the process of commissioning now, although the final valuation has not yet come out, but we Citi and Sequoia have their own set of calculations, and we will roughly estimate the value of Yahoo to be between 3.5 million and 4.5 million.
Because Sequoia first approached Yahoo, they have a big appetite and want to eat at least half of the shares, but our Citi is also very strong, and after getting your carte blanche, we reached an agreement with Sequoia.
Whatever the final valuation, we'll get about 20 percent of the shares, Sequoia 40 percent, and Yahoo's founders 40 percent. ”
Su Jingzhen listened to the words of the investment manager, and tried his best to recall in his mind, he did not remember how many shares Yahoo sold in the first round of financing, and he didn't know how much Sequoia got in the end.
But now that I can get 20%, I am already very satisfied, according to Citi's valuation of 4.5 million, I only need to take out 900,000 yuan to enter Yahoo's board of directors, and there is nothing cheaper in this world.
"Mr. Su, as a professional investment manager at Citibank, I think I should remind you that there are a lot of such online companies now, and they don't have the ability to generate profits, which is a very unwise investment.
I think you should pay more attention to the other investment products that we recommend for you, these products may not be profitable, but they are better than stability and ......insurance," the investment manager found that Su Jingzhen on the phone had been silent, not knowing what he would be thinking now, so he began to use words to test it.
"I don't consider these low-profit products for the time being, you should finish my commission first, don't let my handling fee go to waste." When Su Jingzhen heard this, he found that Citi didn't seem to be very optimistic about Yahoo, and immediately became a little hairy, this is not good, Citi must resolutely carry out this matter.
"Of course, you have to believe that we are the most professional investment bank, maybe we can negotiate with Sequoia and Yahoo to get more shares?" The investment manager's tone changed very quickly, as if what she had said before was not what she said at all.
"I look forward to your ...... results" Su Jingzhen decisively agreed with the bank's suggestion, and repeatedly emphasized that he must win Yahoo, Su Jingzhen hung up the phone, it seems that he will call every day to harass the investment manager in the future, it turns out that Yahoo's first round of financing has reached this point, but fortunately it is not too late.
Thinking of the memory, Microsoft once bid nearly 50 billion to acquire Yahoo, Su Jingzhen's heart is a little warm, maybe he can't keep up with these financial predators in the second round of financing, but as long as he can keep Yahoo's stock, then in the future this return will be extremely huge, one percent has 100 million US dollars.
Su Jingzhen turned his head to look at the Donghe River outside the window, feeling a little excited, and it was a solid step.
Author: 2,500 words, which is a small celebration of the 150 chapters of this book.
Momoda...... (To be continued.) )