What is the most lacking entrepreneurial dog?

Fund!...

What is most lacking in investors?

Investment Opportunity!

An excellent investment opportunity for the inexperienced Marissa to mess up, and Lee regrets not being honest with Kyle. If such a trivial matter had been handled by him, he would have signed an agreement a long time ago. It's a pity that people don't have an eye before and after, and only they have to bear the consequences of their own mistakes.

In a very nice small restaurant, Li Jiaming and Yang Zhiyuan had lunch with laughter and laughter before going to backrub to try their luck. Now he can be sure that Marissa's mistake was one of the reasons, and Yahoo's obstruction was the deciding factor. With Backrub's current strength, it can't compete with Yahoo at all, and if he is Tim and Yang Zhiyuan, he will not give Sogo a chance to obtain technology, and will put pressure on search companies with a little technical strength in Silicon Valley.

The current sohu is too powerful, so powerful that the next few portals combined, are not as powerful as it. If Sohu makes the search engine a success, Yahoo will never have a chance to surpass it.

Based on this situation, even if you explain to the other party that this is only an investment behavior, the other party will not believe it. Lao Zhang has started a competition with Yahoo (Huaguo) in the field of Chinese search, although Yahoo is currently in absolute upper hand, but who knows the future outcome? Yahoo has advantages in technology and capital, but SOHU is a local company representing the glorious achievements of the Beiping Municipal Government, Yang Zhiyuan, as a Chinese, how can he not know what it means in an official-oriented society?

He is Lao Zhang's closest partner, and he also holds % of the shares. If you buy BackRub through the power of capital, and then transplant the technology back to China, coupled with HH's strong economic strength in the future, Yahoo's technical and financial advantages will come to naught. If it were him, he would also use Yahoo's influence in the United States and Silicon Valley to comprehensively snipe at his acquisition or investment in any technologically advanced search company, unless he can give him convincing evidence to convince him that he will not transplant the technology back to China.

Without him Yang butcher, Lao Tzu can still eat hairy pigs?

Asking for directions along the way, Li Jiaming arrived at Backrub, where he was received very warmly thanks to the popularity of his iPod and the fame of his future mentor.

It's a very small company with just 21 employees. The office conditions are not bad, much better than when Li Jiaming and they first started, at least there is a coffee machine in the company, so there is no need to go out to buy coffee. Or maybe they just moved out of the garage, from their programmers to the programmers, they are very excited and high-spirited, which is also the common situation of companies that can get financing, Li Jiaming and they also felt that a bright future was not far away when they got Yahoo's $50 million in financing.

CEO Larry invited Li Jiaming into the office, and those programmers threw away their work to watch the excitement, surrounding the small, glass-separated office one layer inside and one layer outside, and a few of them still had iPod boxes, markers, and cameras, presumably wanting to sign and take a group photo.

Of course, you have to come and see the excitement, this is the big man, the chairman of HH company and the founder of SOHU. I heard that this Chinese-American, who has black skin like a mixed-race black man, has not yet graduated from college, and will only come to Stanford in the fall, and will be a graduate student of Professor Thomas!

"Ming, please take a seat. You know, I went to ask Professor Thomas some questions the other day, and he said that he is engaged in theoretical research, and he does not know much about some practical experience. It is great that you and your partners can lead the Internet wave by founding SOHU in the desert-like country of the Internet, and maybe you can help me even more. ”

It was a little interesting, Li Jiaming got up and took the coffee brought by a beautiful white girl, and then looked at the dozen or so young people who came around, and joked: "Larry, your girlfriend?"

"No, this is Marissa and we are alumni. In fact, the colleagues in our company are all Stanford graduates. ”

Alumni, classmates, and white ghosts also came to this set, Li Jiaming joked: "Sorry, I just haven't seen a beautiful programmer in any small company." ”

“。 ”

The white girl brought a burst of good perfume smell, and after delivering the coffee, she stood against the wall next to Li Jiaming, looking at the legendary genius with great curiosity. Professor Thomas Sargent, a high-ranking fellow at the Hoover Institution at Stanford, teaches at Harvard University and never recruits graduate students at Stanford.

Li Jiaming looked at this beautiful white girl a few more times, and it was easy to recognize her as the future No. 1 beauty in Silicon Valley, Mary Shamayer, because she would be Google's business card, and she would personally send the already terminally ill Yahoo to hell.

Hehe, he used to be a witness to history, but now he is a participant, Li Jiaming secretly took a little smug, turned around and asked Larry, "Larry, what's your problem?"

What can be wrong with someone who has just gotten venture capital?

The contradiction between the investor and the investee is just that, when people invest real money, they have to see the return, and of course they will supervise this small company. Sequoia Capital wants to copy Yahoo's model, use their company's technological leadership, to earn customers' advertising fees, make profits as soon as possible and then go public, while Larry believes that Yahoo's model is not replicable, and it is impossible for latecomers to quickly replace the first-movers, and they cannot surpass Yahoo if they follow Yahoo's footsteps.

"Okay, you answer me a question first, why did you reject my investment?"

Seeing that Larry, who sincerely asked for advice, began to smile bitterly, Li Jiaming knew that his guess was not wrong, and it was indeed Yahoo who put pressure on them. Compared with a behemoth like Yahoo, people who don't have bad brains know to avoid three points, and they won't hit a stone with an egg as soon as their brain is hot. Especially for this kind of small company that has just moved out of the garage, it is necessary to avoid the suppression of large companies as much as possible, otherwise it will kill people in minutes.

got the exact answer, Li Jiaming didn't dwell on the, and began to answer other people's questions. Being a good teacher is the fault of successful people, and Li Jiaming is no exception, not to mention being a teacher for the legends of Silicon Valley in the future.

"Ok, I believe in a sentence, the first one who praises a woman like a flower is a genius, the second is a mediocre talent, and the third is a stupid talent!"

"But"

"You're worried about Sequoia, aren't you? Larry, if they invest in you instead of buying you, that proves that you are better than them, and you should be convinced that you gave them a chance, not that they gave you a chance!

I know, when they invest in you, there must be bullshit rules like options, partial capital injections, board voting by number of people rather than shares, and Sequoia having liquidation preferences, but so what? They've given you the first two million investments, so they don't want to watch those two million turn into soap bubbles, they just want to cash out the remaining three million, and they can watch five million turn into 50 million, 500 million, or even more, so they're going to have to listen to you. ”

Wow, a dozen young people looked at each other, this Chinese is too strong, right? Don't he know how harsh those financing terms are?

"That's because you weren't strong enough, Yahoo invested in us at the beginning, and 25% of the shares only had 20% of the voting rights. Note that instead of voting by number of people, it is voted by shares, and it is a one-time capital injection. Our strategy is simple, either listen to us or get out of the way with the money!"