Chapter 175: The East of Harvest (Part I)
The wind from Li Jiaming's butterfly finally worked, and although Yang Zhiyuan did not agree with the view of 'technology-driven content', Yahoo had the opportunity to get better technology, and he would also beat rabbits with grass.
"It doesn't matter whether the technology of Back**B is transferred to SOGO or not, there are many such small companies in Silicon Valley, and we can only suppress those who have at least been integrated into angel investment and A round of investment, and it is impossible to suppress even all garage companies. The important thing is that we also need back**b technology, we use manual editing of the directory is too inefficient, although the error rate is also low, but sooner or later it will not be able to keep up with the pace of development.
My suggestion is to promise the other party that Yahoo will come forward to negotiate with Sequoia Capital and Back**B, but give them enough ** power to avoid conflicts between us and our partners over control in the future. Gentlemen, our opponent is AOL, not our partner! As long as we have enough partners and are strong enough, we will become the real overlord of the Internet! β
It's a good decision, and in other companies, the directors would ask for control of the back**b, but God's advice is to decide! In other words, the directors agreed that it was far more important to have HH than to control a small search company, and that there was no need to deal with an entity with great potential and no conflict of interest with Yahoo and could be an ally.
Taking a step back, a trivial favor in exchange for investing in a company with huge potential still needs to question Jerry's greatness? It turns out that there is a god in this world, just as Bill is to Microsoft, and Steve Jobs is to Apple. Although there were twists and turns in Microsoft's rallying around Bill, they went from one victory to another, and Apple couldn't tolerate Jobs's bad temper, and in the end?
"Consent"
"Agreed!"
Yang Zhiyuan, who was lifted to the altar, was not the chairman or CEO of Yahoo, but like the chairman and CEO, he made a very wise decision, and it was approved by the board of directors very smoothly.
Li Jiaming, who was also pushed to the altar by hundreds of people from Hanhua Technology, was not so smooth. Wang Zhidong, who was far away in China, was naturally excited when he learned that his book assets were about to skyrocket hundreds of times and become a real super-rich, but after the excitement, he still persuaded Li Jiaming.
Because Wang Zhidong and they are preparing for the research and development of future smartphones, and they have been confirmed by Ren Yanpin and them to be feasible, at least under future technical conditions. Referring to the success of the iPod, Wang Zhidong feels that the future iPhone is also very likely to succeed. In this way, the benefits of accepting Yahoo's financing outweigh the losses, even if the other party can speed up the negotiations with the record company and quickly achieve a monopoly position in the market.
You can't use equity to suppress people, otherwise no one will advise you if you make mistakes in the future; Once the company gets used to a god to guide, when the god is no longer a god, the company will quickly decline. The most important thing is that Li Jiaming is not confident, his future opponent is Jobs, don't look at himself by luck to win for a while, can he really press Apple in the future? Even if it can be successful, it is only more than a year ahead of the market, and people can buy the product back and study it, and they can develop similar products at a very fast speed.
Settle in the bag for safety!
There is no god in this world, no one is infallible, and no one is always smooth. Now is not the entrepreneurial period, we must develop steadily, always put all the chips on the table, and sooner or later we will lose everything!
After weighing the pros and cons several times, Li Jiaming could only show his conservative face, and wanted to persuade Kyle first on the grounds of steady progress, and then return to China to persuade Wang Zhidong. But what he never expected was that without his persuasion, Kyle was overjoyed that he agreed to cooperate with Yahoo.
"Ming, we've made it, and the hope of success is really great, but who can guarantee that it will succeed? By partnering with Yahoo, we can at least quickly establish a monopoly on e-and iPod! β
The superiors, there are few who are not suspicious, Kyle's statement, Li Jiaming became suspicious, and said quietly: "Kyle, do you know how much benefit our iPhone plan will have if it succeeds?" Isn't the profit generated by our iPod enough to support R&D? β
Of course, it is because of this that Kyle is looking forward to bringing in two powerful partners to share the risk with the company.
"Ming, I know, but I also know how difficult it is to develop a mobile phone, we don't have any technical accumulation! Yes, we can buy patents, but today's technology is developing so rapidly that patents often become obsolete as soon as they are available.
Yes, our iPod is really selling well, and it is not a problem to sell three or four million units this year, and the maximum income is two or three billion US dollars after deducting taxes, costs, and E losses. Who can guarantee that sales will increase dramatically in the future? Who can guarantee that there won't be a second E and that we'll always be ahead of the market?
Ming, what we need now is calm, and instead of pinning our hopes on the ethereal future, we should grasp what we can grasp. Believe me, it will take at least five or six years and billions of dollars for us at HH Electronics to develop a product as great as an iPod! β
What the? Li Jiaming exclaimed, looking at Kyle in disbelief, developing a mobile phone, how long and so much money can it take? If I had known this, I shouldn't have given all the extra $700 million to my brother-in-law.
βhat?β
Kyle could never have imagined that her friend would be so sloppy with money. God, that's 700 million dollars, not 700 dollars!
But Li Jiaming can't help it, the eldest sister is stupid and bold, and the brother-in-law can't control her, so he ran down the land and hoarded tens of thousands of acres of land, but he didn't have the money to start construction. If you don't start construction, you can't pre-sell, and now the government has strict control over the bank, and it is strictly ordered to start construction within the specified time, so you can't watch the eldest sister's capital chain break, right? Besides, the company was opened by two sisters and brothers, the eldest sister opened her mouth, Li Jiaming has cash in his hand, can he say a word about whether to borrow or not?
Calm down, calm down. I still have 200 million left, and if the money is not enough, we still have a way to raise it. Believe me, it's okay to raise $100 million or two. β
At this point, Kyle had no choice but to stop complaining and explain in detail what was going on with the development of mobile phones. Li Jiaming does not understand technology, but only puts forward an idea and puts forward a number of requirements for product performance; Unlike Kyle, who holds an MBA from Sloan College and a bachelor's degree in microelectronics engineering, he knows how difficult it is to achieve Lee's ideas.
Kyle's big hand gestured to the size of a golf ball, and then the size of his finger, and said very seriously: "Ming, you said that if you want your phone to automatically rotate the screen, you need a gravity sensor." Do you know what a gravity sensor does? Adjust the flight direction and angle of the missile, the volume should be so large!
Think about it, how much money is needed for such a high-end technology to be applied to a mobile phone? Just shrinking it to such a small size, I don't think it would be possible without hundreds of millions of dollars! It's easy to enlarge small things, but it's very difficult to shrink big things, and it's far from as simple as you think. β
This is the gap between the times, and the current technical level is not yet up to it, but it also gives Li Jiaming an opportunity for them to develop products with complete intellectual property rights. One step ahead of the market is crazy, Li Jiaming wants to develop the masterpiece of the future Qiao gang leader five or six years in advance, that is, it is an out-and-out neurosis.
"Also, if you want to achieve global positioning, you need an electronic compass. In the woods or in the place where there are many buildings, our iPhone is likely to lose the GPS signal; With an electronic compass, it can better protect the user from getting lost, because the earth's magnetic field will not disappear for no reason.
What's more, GPS can only judge the position of the iPhone, the target is stationary or moving slowly, GPS is unable to know the direction of the target, and the mobile phone with an electronic compass can make up for this. β¦β¦β
Li Jiaming, who made Yang Zhiyuan very unhappy during the day, suddenly felt happy after listening to Kyle's explanation for more than ten minutes. Listening to this old boy's explanation, it is really not as simple as he imagined to develop the iPhone across the era, this is a huge system project.
"Yes, this is a system engineering, as long as we succeed, we can lead the entire market through the absolute advantage of software and hardware!"
Yes, it is impossible to monopolize, only to be the hegemon in this field. Technology is developing more and more rapidly, and it is no longer possible to produce a hegemon like Microsoft.
"And that requires a lot of money, right?"
"Yes, we can't do it by ourselves. This is not an iPod, electronic components can be found on the market, only need to develop software, design user-friendly products. We need to develop a lot of hardware before our competitors do, and we need to develop a lot of hardware. Of course, after the successful research and development, we can earn back all the patent licenses, and much more than we invested! β
Then, then it can only be like this, if you don't have such a strong strength, you have to find a partner. In addition, making Yahoo a major shareholder is also conducive to enhancing the brand value of iPod.
"What about the bottom line?"
This is another trouble, not only to ensure that you can get the funds to develop the iPhone, but also to find a way to get the shares of Back**B smoothly, and not let others guess their true intentions. If it weren't for Marissa who was assigned to sit at the counter, this would have been done a long time ago.
After pondering for a moment, Li Jiaming used his youthful vigor as an excuse: "How much do you think is appropriate?" But I have to take the shares of Back**B, I haven't been blackmailed yet, this precedent can't be opened, and Yahoo will have to pay a price for everything. β
"Okay, we have to fight back appropriately, otherwise we will often be blackmailed in the future."
"Not only is it fighting back, YLE, I have a stake in SOGO, and since it competes with the Yahoo branch, I have to help the field."
βok!β
Throwing a temper, Li Jiaming raised his teacup and gestured to Kyle, who liked to return a tooth for a tooth like himself. The two began to discuss the bottom line of negotiations, Kyle has experience in this matter, and Li Jiaming has little experience in negotiating with white people. What's more, it's almost the Spring Festival, Li Jiaming has to rush back to give bonuses to the company's people, and he has to go back to his hometown for the New Year.
More importantly, Ms. Agnese, who is very well-connected, also wants to invest in E, so how to draw the bottom line of this negotiation? Ms. Agnese is not better than Yahoo, she has deep connections in politics and Wall Street, and being friends with her is beneficial for everyone to develop in other fields in the future, such as participating in the development of some industry standards?
First-class companies do standards, second-rate companies do brands, the future is in a faster mobile communication network, if you can cooperate with other communication giants through Agnese, it can be a piece of the industry standard cake.
βnoοΌnoγ Ming, you can't go back to China now, you have to go and perform with Yahoo so that I can convince the damn Universal as soon as possible. As long as we get the licenses of the other record labels, we can really negotiate with Yahoo. β
That's right, negotiating, who the isn't cheating? One more point at the table, it's tens of millions of dollars! For the sake of banknotes, tens of millions, hundreds of millions of dollars, Li Jiaming has no choice.
βokγβ