Chapter 479: Soxin goes out of business, and Google rises
Google Information Technology Co., Ltd., invested and founded by Li Feiteng in 1998, has undergone earth-shaking changes after two and a half years of development.
The original registered capital was 10 million, Li Feiteng owned 90% of the shares, and Google's founders Page and Brie each held 2.5% of the shares.
If a company in the magnesium country wants to develop and expand, it is absolutely impossible to form a large company without a strong board of directors.
In the past two years, Ru Lynch has previously controlled ITQ Ventures and found three strong board members for Google.
In addition to Philip Lee, the second board member, Paul Murphy. Otellan O'Tonin, Intel's executive vice president and general manager of Intel's Architecture Group, represents Intel on Google's board of directors, and in January 1999, Intel bought an 8% stake in Google for $20 million.
Ron. Kang Wei, the third member of the board of directors of Google, the founder and chairman of SV Angel Venture Capital in Silicon Valley, is known as the godfather of Silicon Valley, and in April 1999, 26 million, purchased 6% of Google's shares.
Louis. Gerstner, the third member of Google's board of directors and the current president of IBM, represented IBM in its purchase of a 5.2% stake in Google for $30 million in August 1999.
The members of the board of directors have changed from the original three, namely Li Feiteng, Page, and Brie, to the current six.
Because Page and Brie jointly invented the web rating mechanism PageRank, which was granted a magnesium patent, Ru Lynch took out 10% of the company's shares and gave it to the top technical management in order to maintain Google's stability.
So actually. Google is an outside board member. There are also five people in-house who have acquired technology shares.
These five people. They are CEO Page, Executive Director and Director of Technology Brie, Chief Technology Officer Frett, Chief Technology Officer Ollie, and Chief Technology Officer Rosen.
Google has five chief technology officers, but only three of them have invented patents that are particularly valuable and have been recommended by Page and Brie for shares.
At present, Google has an external stake of 19.2 percent, an internal stake of 15 percent, and Li Feiteng still has a 65.8 percent stake.
Google is no longer bringing in new shareholders, because by 2000, Google had climbed to the eighth place in the world in terms of traffic.
1st place. Yahoo. Portals, search engine services.
2nd place, Microsoft MSN, portal.
3rd place, Wikipedia, Wikipedia.
5th place, live, Microsoft search engine service.
Sixth place, Bing, Microsoft's search engine service.
7th place, Microsoft. Microsoft software.
And in eighth place, it is already the Google search engine.
Judging by the current global website rankings. There is no doubt that Yahoo and Microsoft are giants in the Internet industry, and Microsoft's network services occupy 4 of the top 10.
Among Li Feiteng's many websites, Google ranks 8th in the world, Soxin ranks 18th, Qingmu ranks 27th, Longteng Buckle ranks 29th, and NetEase ranks 56th.
Among the domestic Internet companies, except for Soarc 30, China.com entered 47, and Lifang Online hovered around 100, and none of the remaining websites or network companies entered the top 100 in the world.
He has five websites ranked in the top 100 in the world, but this is not enough, and all five of them must be in the top 10 in order to beat Yahoo and Microsoft.
In 1999, Yahoo offered $900 million to buy Google, when Li Feiteng was still in a vegetative state, but Page and Brie refused and didn't even think about it.
In May 2000 this year, Microsoft also released news that it wanted to buy Google at a high price of $1.5 billion.
But Google's two founders, Page and Brie, directly announced to the outside: "Our Google will be worth at least $500 billion in the future, and whoever wants to buy it, this price is the reserve price!" ”
There is no doubt that Li Feiteng also thinks so, and the price in his heart is to give one trillion US dollars, so he may only think about it.
In July, Page sent an email to Li Feiteng asking about Google's establishment of a Chinese site in China to enter the domestic market.
There is no doubt that Page's idea was vetoed by Fei Teng Lee, who is the independent chairman of Google.
But Page got the good news, that is, Li Feiteng is ready for Google to buy his controlling company Soxin at a low price of $110 million.
Soxin is one of the earliest search engine companies in the magnesium country, and Baidu has a deep relationship, and Google as a brother company, but in the process of development, it has been going downhill, from the beginning of the top 20 in the world, has fallen to the current 28.
You must know that between each place in the global ranking, the gap in traffic is thousands of miles, and now Soxin, which has been competed by Google, has no profit, and the traffic has fallen to only one-third of Google.
On the surface, it has been growing in the past two years, but compared with Google, a company that was established early, this continuous depreciation makes Li Feiteng ready to abandon his pawn and protect the car.
There is no way to do this, the Internet bubble, everyone is laying off employees, Intel, IBM, Microsoft, Yahoo and other large groups are laying off a large number of employees, and the number of global Internet layoffs this year has exceeded 1 million!
1,000,000 people! What is this concept? It is because the entire global Internet industry has depreciated trillions of dollars, and the entire industry has entered a cold and frozen period, Li Feiteng, as the boss of five large network companies, has a total of more than 80,000 IT employees in the world.
Companies that don't make money, don't give up now, when are you waiting!
Let Google dominate and become the world's No. 1 Internet company, Li Feiteng will continue to sit down in addition to Feiteng, Qingmu, NetEase, Longteng, Yunteng, Shanda, Taobao Shares, and Tengda Media Group, and other small companies are destined to be acquired and merged in the future.
And in his heart, he has always only had these nine companies, and when the structure of these companies is too heavy and complicated in the future, Li Feiteng will merge and choose the best to keep.
You know, the average life expectancy of the world's top 500 companies is only 60 years, while the average life span of ordinary companies is less than 20 years. (To be continued......)