"Hey, Elisa, you're here. ”

Alyssa looked at a building outside the glass window in a daze, she didn't look back after hearing the voice, but still looked ahead, and said lightly: "Are you alone?"

"Yes. ”

Roy saw Alyssa today for the A round of financing, and it stands to reason that he should bring Gary, but this is a great opportunity for him to be alone with his future wife, hehe, how could he miss it.

Roy followed Alyssa's gaze and looked across from the office building of Epic Intel, "It's Intel?

Alyssa was curious, "Do you know anything about Intel?"

"Hehe, of course, without Intel, a pioneer, high-tech would not have entered the field of vision of civilians at all, and naturally there would be no industry I am doing now. Now when I think of their 'Eight Rebellions', it's still fascinating. (Appendix 1)

Alyssa was a little surprised: "I didn't expect you to know a lot." ”

The well-known Intel is the founder of the high-tech industry, and without Intel's semiconductor silicon wafers, there would be no today's convenient Internet era. And because the core material of semiconductors is silicon, it was also flooded with a large number of semiconductor companies at first, so it was called Sillicon-Valley in the report, and then the name became conventional.

As an entrepreneur in the Internet wave, Roy is familiar with Intel's history.

Now that he has finally found an opportunity to pretend invisibly, Roy will naturally not let it go. He laughed about the "Eight Rebellions" before the origins of Silicon Valley, the embarrassing breakup between Bob Noyce (Intel boss) and Fairchild, and the birth of Intel and the origin of Silicon Valley.

The dusty past is constantly revealed, and vivid faces appear in front of you, and the figures of the predecessors who are struggling inspire a new generation of young warriors.

"You don't want to invest in Intel, do you?" Roy felt that Alyssa was very interested, and had this conjecture.

Alisa smiled and said, "So do you think that if I want to invest, should I choose Intel or choose your company?"

"Thirty years ago, just 48 hours after Intel's funding was officially opened, all sorts of fanatical investors were flooding the phone and subscribing for all their shares," Roy recalled. They later recalled that if it weren't for the fact that people could only reply from landlines at that time, the time might have been even shorter.

"At that time, if you invested $10,000 and held it until now, you would have $20 million in your hands. "If you hold it until 2017, then this 10,000 US dollars has appreciated to 300 million US dollars. (Appendix 2)

Elisa couldn't hide her envy: "The world of capital is always full of miracles. ”

Roy continued: "It's also full of foam. ”

Alyssa pondered for a while, and finally got to the point: "I read the performance report you mailed, and it's very good. ”

Roy asked expectantly, "What about Series A financing?"

Alyssa muttered: "With an investment of 10 million, the valuation of Red Coral after financing is $50 million. ”

Is it only 50 million? Elisa's assessment results are rigorous, reasonable, precise, and objective. However, Roy pondered that he had to be a little bit of a moth, otherwise how could he show his maverick and uniqueness.

Alyssa asked, "What's wrong?"

"Alyssa, do you think the valuation of red coral can reach $200 million?"

Alyssa smiled, "No." ”

"What if it happens?"

"It's not a big deal if it's reached. "It's not good for your company to have a valuation that's too high, unless you don't plan to raise money at all after Series A." However, for an immature company like Red Coral, it will not survive to go public without subsequent capital injection. ”

Alyssa is absolutely right!

If the Series A valuation is higher, the more investors need to invest, and the fewer shares they get. Then when it comes to the B round of financing, if the company's valuation cannot be greatly increased again, no investor is willing to fill the hole.

If no investor is willing to inject capital, then the company's valuation will decline, and the company's valuation will release a signal to investors that it is a red light of "business failure", so there will be fewer people who are willing to invest.

In short, a company that seems to have no room for growth in the future will not be favored by investors.

This is the same psychology as in the stock market.

To be honest, after the A round of financing, whether Red Coral can create a miracle before the B round of financing, or even go public, Roy doesn't know in his heart, but according to the current situation of the company, it is still very promising to achieve a balance in the future, and a low debt level. As long as it lasts until the explosion of DVD technology, then the company's development will be rapid and fast.

It's a man who can't be cowardly, especially in front of his future wife. So, Roy still intends to be willful for once.

"In a week, I'm going to personally host a Series A funding meeting, can I invite you to it?"

Alyssa could see that her suggestion was not taken to heart, and she was slightly disgusted in her heart, but she still nodded politely: "I must go." ”

"Maybe you think I'm arrogant and not calm enough, but I'll prove myself with my actual ability that I'm — can do miracles. Roy confessed proudly.

Alyssa thought of Roy's promise three months ago, and made a bet with her that the company's valuation would increase tenfold, she thought it was just a joke, but she didn't expect Roy to really do something good.

Alyssa remembered the childish bet between them, smiled inexplicably, and asked interestingly, "What?

"Hey, hey. Roy's face was slightly red, and his tone was dull: "It's okay to bet, but I don't know what the new bet is?" ”

"Bets?" Alyssa smiled and said, "Little brother, you don't plan to date your sister again, do you?"

"Also...... At last...... bar. "Roy is full of dragons and phoenixes, and he is full of brilliance.

Alyssa shook her head helplessly: "Sorry, we are not suitable. ”

Although he wanted to ask the word "why", Roy's rationality still stopped his stupid subconscious. He said arrogantly: "Maybe, who knows? Maybe the future is for you to chase me." ”

"Why?" Alyssa had just asked, and she regretted it, why she couldn't figure it out.

"Because – you always lose. ”

……

[PS] Appendix 1: Eight rebellions, in fact, are eight employees who betrayed their bosses. Among them are Bob Noyce and Gordon Moore (who came up with Moore's Law).

The boss they betrayed was William Shockley, a Nobel Prize-winning physicist who helped invent the transistor for one of his major contributions to industry. Transistors are also one of the most important materials used in our computers and mobile phone processors.

Shockley was a genius, but he was also arrogant, domineering, and contemptuous of his subordinates. Here's a small example: Shockley asks employees to be checked by a polygraph every once in a while, for fear they'll do something bad for him. This behavior now seems particularly ridiculous.

Sure enough, his fears were soon fulfilled. The eight employees couldn't stand him anymore and betrayed together to enter the Fairchild company.

Appendix 2: An estimate of the $10,000 investment that has appreciated to $300 million, based on Intel's Trinity biography.