Online advertising, which was regarded as a lifesaver by Li Jiaming two years ago, has become a stable and profitable business model for Internet companies.

The expected growth (online sales) brought about by the new economic concept + revenue growth + new business model story has formed the Davis double-click illusion + positive cycle effect, which makes everyone on Wall Street excited, and the slope of the NASDQ index has risen sharply. A large number of Internet companies have enjoyed a 2-5 times increase in stock prices at the time of IPO, and analysts, investors, entrepreneurs, venture capitalists, and banks have all fallen into a frenzy.

In this context, as the world's first profitable Internet company SOHU, and currently the only three profitable Internet companies, coupled with its extremely beautiful financial income and expenditure, Zhang Zhaoyang's roadshow has been sought after by many investment institutions on Wall Street.

It is no exaggeration to say that Lao Zhang, the Internet hero who appeared on the cover of the Asian edition of Time magazine last year, held his first roadshow in New York, which attracted many big names in the Wall Street and Internet industry, and the venue that was expected to be attended by 500 people was crowded with more than 800 investors.

What's even more ecstatic is that it is now the Internet bubble*, and the stock price of China.com, which has only one heavyweight domain name and one concept, is rising. Zhang Zhaoyang: Before they finished their roadshow in New York, China.com's stock price reached an incredible $75.84 per share, with a market value of $2.1 billion.

Keep an eye on China.com!

The underwriters, Goldman Sachs and Citigroup, immediately raised the valuation of Sohu's upcoming 75 million common shares from $15 to $25 per share to $30 to $40 per share, raising its market value to $100 million.

It is said that life must be happy, but from Zhang Zhaoyang to K, they don't have the heart to drink, they are all waiting for the listing in a month, and they are waiting for Sohu to finally rush to how high the market value is. Li Jiaming, who is ecstatic like everyone, has no heart to drink, and he wants to cash out 15% of his shares in this IPO, which is more than 400 million US dollars according to the current valuation!

More than $400 million, how much can this do? Li Jiaming was so excited that he even had the idea of going back to his hometown to build a tunnel. The tunnel of Sun Ridge is open, but the tunnel of Huashan has not been opened, if that tunnel can be repaired more than ten years in advance, how big of a face must it be?

But after calming down, Li Jiaming knew that this was not a good idea, and the most important thing now was how to do things with the huge amount of money that was cashed out. This is a big era, as long as you seize an opportunity to lay a country, seize the opportunity and develop well, you can create a business empire!

Of course, after calming down, Li Jiaming also began to worry about another thing, can he not hit the ghost after the lock-up period? This feast of wealth will definitely end, and he does not know when it will end. If you can exchange the stocks in your hands for green dollars before the market ends, you can buy them back when the stocks plummet, and you can do a good job of shearing the wool of the American people.

Li Jiaming, who was in ecstasy, was able to stay calm, and Lao Zhang, who lived next door to him, could also come over after taking a shower. Maybe it really printed that sentence, people have to have opponents, with the monster-like Li Jiaming by his side, Lao Zhang has always been calm and rational, and there is no expansion after becoming famous in his previous life.

Lao Zhang, who was wearing a colorful pradat shirt, looked very coquettish, handed a glass of dark brown whiskey to Li Jiaming, and said without words: "Jiaming, Goldman Sachs won't cause us to fall below the issue price, right?"

"What?"

Li Jiaming, who was distracted, asked Lao Zhang to say the problem again, and said with a smile: "No problem, Goldman Sachs and Citigroup only need to get four times the oversubscription from large institutional investors to ensure that they will not break; and the four times oversubscribed, the underwriters only need to attract three or four billion dollars of funds to enter the market, which is no pressure on them." ”

After finishing speaking, he took a sip of authentic Scotch whisky worth a lot of money, and Li Jiaming, who guessed the meaning of this guy, said suspiciously: "Lao Zhang, what the hell is going on? Will you tell me that you and Sun Weigang didn't take the employee's share distribution plan seriously, and took the opportunity of Lao Tzu's unfamiliarity with the branch, and only used the relationship between you as a reference, right?"

Yes and no. The plan came out early, and it was only about to be approved by the board of directors, but there must be something wrong with this plan. But if you want to pass it on the board of directors, you have to cooperate with Li Jiaming, otherwise you have to overturn it and start over.

"Someone has come to dig Gangzi and got an annual salary of 5 million plus 30% of the shares, and it is estimated that the price of others will not be much lower. Jiaming, if the futures stocks are cashed out, I estimate that most of the old brothers will throw away the stocks and start anew. ”

Yes, futures stocks are a double-edged sword that can make employees work hard, and it can also make them quit on the day the futures stock is cashed out. The success of China.com and the upcoming success of SOHU will cause a large amount of venture capital to flow into the portal industry, and SOHU's executives and technical backbones will inevitably become their main targets.

Even Lenovo has founded, claiming to use the most popular people and build the most popular website, SOHU's shareholders are still like this, and others are not hurrying to follow suit? An investment of one or two hundred million may be able to return tens of billions of dollars, as long as there is a powerful company, who the hell will not come to this troubled water?

"Jiaming, I can allow the existence of competitors, but the premise is that we can't hurt ourselves, what do you say?"

"Breaking a promise will make the company's gains outweigh the losses. ”

What he said was true, but when it came to scoring points, Zhang Zhaoyang explained: "No, we will not break our promise! In my plan, I will greatly tilt my shares to front-line editors, reporters, and ordinary technical personnel. I think it's fair that the structure of the website was set up long before Yahoo fundraising, and the later success was due to the more efforts of editors and reporters, and the daily maintenance of the website was also done by the technicians who joined the company later. ”

Insidious, this is a conspiracy that does not give people a handle. When people come to dig up the corners of the wall, they will only dig up the technical backbone and executives, who will target the large number of editors, reporters, and ordinary technical personnel? However, Li Jiaming agrees with this plan, and those who stay in the company are brothers, and those who go out to start a business are only friends.

Li Jiaming, who has a more long-term vision, thought about it and suggested: "If you want to leave, don't embarrass them, talk to them well, you or Gangzi take the lead, set up an organization such as a meritorious employee association, and invite them back to the company from time to time to play and have a look." Most of these people who go out will still do this business, and there may be opportunities for cooperation in the future. The most important thing is that the futures stock plan should be tilted towards Chen Tong and Wenjin, who have a sense of belonging to the company, and let Wenjin and them explore the mouth, which is not difficult to inquire. ”

Well, those who go out will be competitors, and those who stay are their own people. Zhang Zhaoyang, who was sitting on the windowsill, nodded in agreement, took a sip of mellow whiskey, looked at the night view of Central Park outside the window, and said tentatively: "Jiaming, you can get three or four hundred million dollars by cashing out 15% of the shares this time, do you have any ideas?"

"You don't know about my mortgage, do you?"

"You know, it must have been Kyle who did it for you, otherwise your brother-in-law wouldn't have dared to spread the plate that big. Hey, your original shares were worth 100 million, and you could borrow 20 or 30 million at most, and you will have an extra 200 million or 300 million. ”

This is an old fox, and Li Jiaming, who was also watching the night scene, pretended to be helpless and said: "Hanhua, that's a monster, if the new product doesn't sell well, how much money can be lost." ”

"What the do you really want to serve the country through industry?"

"That's a lie, I just want to do something that no one else has done. I know Langke, just the small company that invented the USB flash drive, don't look at it as small or small, if that thing was invented by me, I would rather not have these two or three hundred million. ”

"Blow, blow, no one will collect your taxes anyway. ”