The reason why a capitalist society is called a capitalist society is because its core is capital, and everything is decided by capital, and no matter how awesome people are, they have to bow their heads in front of capital. For example, when Apple was first founded, Jobs begged his grandfather and grandmother everywhere to seek investment, and finally overturned IBM to the ground and became the hegemon of the personal computer market.

But there are special cases of universal law, Yang Zhiyuan and David are special cases, as soon as Yahoo appeared, there were venture capitalists who begged him to accept financing with money, and SoftBank's Masayoshi Son, the Japanese monkey, even did not hesitate to play conspiracy and trickery in order to invest 100 million US dollars in him.

Why?

Because when Yahoo solves the big problem of finding and information pages, everyone knows that this website must be of great value, but they don't know how it will make money. As expected, when Sohu established a profit model of free services and advertising fees, Yahoo copied it and quickly made profits, blowing balloons, from a market value of 5 billion to 125 billion within a year.

Yahoo succeeded, and search companies like BackRub became potential stocks in the eyes of venture capital funds, but before they could find a way to surpass Yahoo, timid capital gained absolute say. There is an advantage to following the trend, even if you can't surpass it, you have the opportunity to share some leftovers. In case it is exceeded, today's investment will be rewarded by tens or thousands of times.

For example, didn't SoftBank succeed by investing in Yahoo and then brought Y back to Japan, turning it from a third-rate investment company to a first-class investment company in one fell swoop? This is the charm of venture capital, everyone knows that investing in 20 companies may not be successful, but investing in one can offset the loss of dozens of failures.

At present, in addition to two Internet companies that are standing to collect money, there is also one that although the market value is not high and the reputation in the United States is not large, it is still a miracle in the eyes of industry insiders, because it is the first company in the Internet field to achieve profitability. Although Sohu's initial financing was not smooth, once it found a profit model, if Yahoo hadn't taken the lead, I am afraid that large companies such as IBM and Intel would have held the money to seek financing. Even Peter, who once rejected Zhang Zhaoyang. Powell, IBM, etc., have become big jokes in the industry.

As the boss of Sohu, Zhang Zhaoyang is of course very famous in Silicon Valley, but Li Jiaming, who is the discoverer of the Internet profit model, is not bad. When Li Jiaming said that Larry was not strong enough, if it weren't for the fact that the iPod was born not long after Sohu went on the market, everyone would have thought that this Chinese genius had swelled. Like Ross, who invented the Internet radio. Hannaman, after sending the company to the NASDAQ, selling it to AOL, and becoming a billionaire, keeps 'fucking' and 'oles' (chrysanthemums) all day long, and calls everyone a wallgrass, a dog, a shit, and a slut. If this was Texas, where cowboys were rampant, the bastard would have been shot to pieces.

"Don't understand?"

Li Jiaming has seen a lot of this kind of vision, before he didn't succeed, people looked at it like that, and when Sohu was exhausted, people looked at it like this, and when Sohu succeeded, when those Desei boys were messing around, people's eyes were almost like these eyes.

"Ok, let me ask you a question of how many people would choose to leave if Larry and Sergey decided that they would leave BackRub at the same time. Hands up. ”

'One, two, three, twelve, nineteen', seeing that even the white beauties raised their hands, Li Jiaming laughed and said, "You still don't understand? Larry, these people are coming for you and Sergey to join BackRub, not the sluts at Sequoia.

Money is not valuable, it is worth people, technology, and team! As long as your philosophy and ideals are the same, capital must give in, unless it does not want this investment opportunity and wants to lose all the $2 million investment in the early stage. Of course, if you show them that your technology is the best! ”

There was a moment of silence inside and outside the office, and suddenly there was applause. Wow, as soon as this layer of window paper was pierced, everyone immediately remembered the ubiquitous union. It turns out that as long as everyone is united, they can confront capital, instead of kneeling and begging for it.

If so, Li Jiaming will not come over today, angel investment and Series A have passed, but what about Series B and Series C? Although Yahoo is in the way, Li Jiaming is sure that when BackRub consumes a measly five million, he will definitely be troubled by Sequoia again. At that time, he can use the opportunity to invest in HH to make a deal with Yang Zhiyuan in exchange for the opportunity to invest in BackRub.

"Larry, do you feel courageous now?"

"Yes, I never thought I could be such a jerk!"

Of course, if you want to succeed in this fucking world, you must first turn yourself into a bastard, but after Li Jiaming laughed a few times, he denied what he had just said.

“hy？”

"It's very simple", Li Jiaming shrugged his shoulders and said with a smile: "Because after you consume the five million, the company will become bigger, the number of members will increase, there will be various conflicts of interest, and it will no longer be united as it is now, and the company also needs to introduce new investment, and start a new round of power struggle."

Don't understand? If you add an investment in the future, you will need to add a director, who can easily kick you and Sergey out of the board with a vote. By that time, the company's core technology has been successfully developed, the role of you and Sergei has been reduced to negligible, and the people in the company can no longer support you as before, because the benefits of staying in the company are far greater than following you away. ”

After speaking, Li Jiaming glanced around at the dozen or so young people, and said solemnly: "If the company is worth tens of millions of dollars, you can become a millionaire if you stay, and how many will choose to leave?"

No, there won't be many people who have the courage, and you'll all have to look at the new CEO's face, because you're afraid that he'll fire you and make you lose your futures. This is human nature, and it has nothing to do with loyalty or morality. ”

Hitting the nail on the head, this kind of thing happens every day in Silicon Valley, how many founders are kicked out of the company? For example, Cisco, Leonard. When the Bossaks left, they received hundreds of millions of dollars in compensation, but compared to Cisco's market capitalization of $450 billion today, what is it?

So?

There is no need for Li Jiaming to tell Larry that these young people with extremely high IQs know how to do it. Before the company went public, it had to finance the A round, B round, and C round, and it had to pick investors with similar ideas, and it had to have the right to speak in the board of directors, otherwise everyone would have a sword of Damocles hanging over their heads.

This is Li Jiaming's biggest bargaining chip, 5 million US dollars is a lot in China, but in Silicon Valley, where gold and silver flow, it is a small amount of money, and it will be consumed in less than half a year. BackRub wants to find another financing partner, and in addition to Sequoia Capital, which has already bowed to Yahoo, investors like Li Jiaming are undoubtedly the best choice, because he can give up control, as long as he guarantees some influence, as he did in Sohu. Moreover, the other party has abundant funds, and if he defects to Yahoo's opponent AOL, it is very likely to resist Yahoo's killing.

But this thing can't be agreed, BackRub is an ant in front of two giants and an adult, and anyone can easily twist it to death. Even if you need to accept the other party's investment to control the board, you have to wait for BackRub to be a little stronger and more valuable. Larry was silent, the others were silent, and finally it was the white beauty who came out to play the round: "Ming, you are so great, can you take a picture with us?" ”

Larry, who was not stupid, also came back to his senses, and quickly got up and said, "Yes, you are so great, can you take a picture with us?" ”

It is also an achievement to be looked up to by the cow, but the smiling Li Jiaming glanced at the black iPod on the desk and proudly refused: "No, this product is not perfect, it is just a helpless work under the existing conditions." When we make the perfect iPod 2, I'll take the initiative to take a picture with you. Trust me, we'll be friends. ”

It was rude to refuse to take a group photo, and although Li Jiaming's words were very tactful, Larry had no choice but to give up.

Of course I don't give face, I don't accept Lao Tzu's investment, and I give you face?

These white ghosts are different from the Chinese, and if they are not tough, they will not be respected. On the eve of Yahoo's listing, there was no shortage of funds, but Son still forcibly added an additional investment of 100 million US dollars, how did he do it?

Quite simply, if you don't say yes, you will invest that $100 million in Yahoo's rival Netscape. As it turned out, the board of directors compromised, and the Japanese monkey dug up his first big gold mine. If it weren't for the greed of that old boy, the position of the richest man in the world might not be able to sit down, not just the richest man in Japan.