The reason why Li Yanhong cares about Yahoo's valuation is that he wants to use Yahoo as a reference, and there will be a comparison for the valuation of Qiandu Search in the future. Pen ~ Fun ~ Pavilion www.biquge.info For example, Qiandu Search is planning to introduce strategic investment, and now Li Yanhong has never been satisfied with the valuation.

"That's right, there should be an inevitable basis for Mr. Wang to be so sure, right? Zeng Liqing urged.

Wang Zhiyuan smiled and said mysteriously: "First, didn't Yahoo's stock issuance prospectus say it?.... There will also be a major shift in Yahoo's development direction after the IPO, and Yahoo will transform from a classified directory site to a new media site. ”

"It's true that I've read their recruitment book, and I've highlighted that in it. However, this change is also an attempt, which may not be recognized by the market, and it is too risky!" Zeng Liqing does not think that this will add much to Yahoo's valuation, and maybe it will have a bad impact.

Li Qing is right, there is a lot of uncertainty in this kind of attempt, and it is difficult to estimate the future results. Li Yanhong agrees with Zeng Liqing's view.

Wang Zhiyuan was silent for a moment, then suddenly became serious and asked, "What do you think is the Internet?"

Being asked by Wang Zhiyuan, Zeng Liqing and Li Yanhong were stunned, they really didn't think about it seriously. They were able to step into the Internet industry because they were swept by the Internet craze. Although he sees the great potential of the Internet in the future, it cannot fully answer Wang Zhiyuan's question.

What is the Internet?

This is a question worthy of serious consideration by Zeng Liqing and Li Yanhong, who looked at Wang Zhiyuan and wanted to hear his understanding of the Internet.

Wang Zhiyuan paused and said: "In my opinion, the Internet is an industry that continues to create miracles, and it is a place where only the "radicals" can survive, and all conservatives will be eliminated!"

"The Internet is also a place full of unlimited risks, but also a place full of infinite possibilities, where opportunities and risks coexist, and where high risks and high rewards coexist!"

"I also believe that if you want to survive in the Internet era, capital is not important, technology is not the most important, the most important thing is innovation and creativity! Only by combining new innovation or creativity with technology and capital can we survive in the Internet era for a long time!"

"I've said so much, I don't know if you can understand it, anyway, that's how I understand the Internet in my heart. That's why I'm paying attention to Yahoo's transformation, but it's hard to say whether it will be able to stick to that mindset in the future. Wang Zhiyuan finished speaking.

Zeng Li Qing and Li Yanhong are digesting what Wang Zhiyuan just said, especially Li Yanhong, who can be regarded as a person who knows the Internet very well.

Today, Wang Zhiyuan said this, like an enlightenment, suddenly understood a lot of things, and at the same time had a new understanding of the Internet, and had another idea for the future planning of Qiandu Search.

Li Yanhong looked at Wang Zhiyuan and admired: "I only learned today that you are the person who knows the most about the Internet and the most thoroughly." I have benefited a lot from your words, and it is really the honor of my life to know you!"

Li Yanhong's attitude is sincere and serious.

Wang Zhiyuan felt a little weak-hearted, and hurriedly said modestly: "Yan Hong, what you said is serious, I can't afford it." My understanding of the Internet is only the tip of the iceberg, and it is not worth boasting about. ”

At this time, Zeng Li Qing added fuel to the fire, he looked at Wang Zhiyuan with hot eyes, admired Wang Zhiyuan sincerely in his heart, and said: "Mr. Wang, don't be modest. I really admire you, and I will learn more from you in the future. ”

Wang Zhiyuan couldn't resist the two of them, so he had to change the topic and said: "There is actually another reason why I value Yahoo so high. ”

As he spoke, he looked at Zeng Liqing and Li Yanhong, and found that the two of them looked like they were humbly listening to the teachings, and Wang Zhiyuan felt extremely embarrassed.

He continued: "According to rational analysis, there is basically nothing wrong with your valuation. But I also said that Yahoo's shift should be seen as a positive, and maybe not many people share my opinion, but I believe time will tell. ”

"Besides, have you forgotten the impact of Netscape's listing on the Internet last year?.... The miracle of wealth created by Netscape in the Internet has caused a boom in investment in the Internet in the past six months or so. ”

"No, it's a crazy tide!"

........

ps: Guaranteed one update every day, if there is no accident, it will be updated at half past six at noon every day. If you can't wait, you can collect and fatten first, ask for collection, and recommend.

..... Also, although I've been a little busy lately, this book is absolutely unnecessary

"No, it's a crazy tide!"

"Netscape can be said to be a sign of the arrival of the Internet era, and its success has made people see that the Internet is full of infinite possibilities, and people will chase this new thing, to the point of a kind of madness. ”

As he spoke, Wang Zhiyuan paused, and after asking Zeng Liqing and Li Yanhong to nod in approval, he continued: "The stock market was originally a crazy place, and now the Internet has become a new darling in the stock market. As you know, since Netscape went public, although other Internet companies have been listed less, that one has not performed beyond expectations. ”

"Netscape, as the overlord of the browser, has led one direction of the Internet, and now Yahoo, as a pioneer in the other direction of Internet development, has performed and achieved excellent results. ”

"The only pity is that it was a bit rushed, otherwise the valuation would have been higher. ”

"In general, the internal is because of the major adjustment of Yahoo's development direction, and the external is that we cannot underestimate the investment madness brought about by the Internet era, to put it bluntly, it is a blind push of an overheated industry, which will blow the bubble bigger and bigger!"

Wang Zhiyuan thought about it, probably these, in his opinion, the era of the Internet bubble is coming or has come.

After half a ring, Li Yanhong digested Wang Zhiyuan's words and said: "I see, it seems that I need to re-examine the Internet from time to time in the future." It comes too fast and goes so fast that it will be abandoned if you don't pay attention!"

"It's best if you think like that.... The Internet is a very peculiar thing, and it won't be long before it becomes indispensable in our lives and affects all aspects of people's lives!" Wang Zhiyuan remembered his previous life, and he believed that there should not be many people who could meet the future development of the Internet in this era.

"Mr. Wang has a point, and I have benefited a lot. In fact, Zeng Liqing did not fully agree with Wang Zhiyuan's statement, in his opinion, everything will not be known until Yahoo goes public today.

After getting along with each other recently, Wang Zhiyuan can see that Zeng Li Qing has a sense of arrogance in his bones. This is also a manifestation of his confidence in his own analytical theory, and Wang Zhiyuan may need to spend some thought and time to control him.

"It's almost starting. Wang Zhiyuan looked around, and the people who came to participate in the distribution meeting had basically arrived.

"Look, Yahoo's Yang Zhiyuan and David are here. Zeng Liqing said.

Yang Zhiyuan and David and more than a dozen other important Yahoo missions walked to the podium surrounded by reporters.

After Yang Zhiyuan spoke first, then David, and Yahoo's major shareholder, the time for the opening of the market came after several simple speeches one after another.

Yahoo stock was initially priced at $13 and opened at $35.26, a nearly double premium.

At the moment when the opening price appeared, the whole hall was boiling, and I don't know how many millions, tens of millions, billionaires were created in this second!

The title of the Internet as a wealth maker is more worthy of the name, and more people will enter the Internet in the future, with their dreams of wealth!

At this moment, the market value of Yahoo's stock has exceeded 800 million, reaching 900 million dollars. Beyond most people's valuations, they now realize that they underestimated the madness of investors about the internet!

For example, Zeng Liqing looked at the display screen in front of him in disbelief at the moment, and he couldn't come back to his senses for a long time!

Li Yanhong was also shocked, and only came back to his senses after half a sound, looking at Wang Zhiyuan with a calm face, and at this moment he admired Wang Zhiyuan a little more.

He exclaimed, "The Internet is a wealth maker, full of infinite possibilities! And people's enthusiasm for the Internet has greatly exceeded my expectations..."

Zeng Liqing, who was on the side, also praised Wang Zhiyuan at this time: "Mr. Wang, my admiration for you is like a surging river!"

Then he sighed: "It seems that I still don't know enough about the Internet, a new thing..."

Wang Zhiyuan smiled slightly, maintained a sense of mystery, and said: "The Internet is about to usher in a new frenzy, we must steer our own boats well, don't be overturned by the big waves." ”

"Yes, I also saw the frenzy that rushed to my face!" Li Yanhong looked at the Yahoo icon and looked at it firmly.

Zeng Liqing also said proudly: "I believe that the ship we are traveling will get bigger and bigger, and we will definitely walk in the forefront of this frenzy!"

"I think so too!" Wang Zhiyuan smiled confidently.

Next, Yahoo's stock traded wildly, changing hands an average of six times per hour, soaring as high as $43 at one point and finally closing at $33. The Yahoo market is worth $850 million, 200 times as much as Sequoia Capital invested. Set a record of "Nasdaqssecond-biggestfirst-daygainever".

In the evening, Yahoo held a celebration party.

Wang Zhiyuan, Zeng Liqing and Li Yanhong also participated. Soon after the party began, Yang Zhiyuan came to them with a wine glass.

"Mr. Wang, Mr. Li, thank you for coming. Yang Zhiyuan said in Chinese that he was very happy today, so he drank a few more glasses and became drunk.

Wang Zhiyuan picked up the wine glass with red wine, got up and saluted: "Mr. Yang is polite, it is my honor to be invited." Congratulations here, and congratulations to Yahoo!"

"Mr. Yang, congratulations!" Li Yanhong followed and toasted Yang Zhiyuan.

Although Zeng Liqing was not valued by Yang Zhiyuan, he still took the initiative to toast Yang Zhiyuan and congratulate him.

After that, Yang Zhiyuan chatted with the three of them for a few words and went to greet the other guests.

"It can be seen that Yang Zhiyuan is very happy today!" Zeng Liqing was coldly ignored by Yang Zhiyuan, and he was inevitably a little unhappy in his heart, and his tone was a little strange at the moment.

Seeing this, Li Yanhong followed Zeng Liqing's meaning and said: "Now he is the leader of Yahoo, and he has hundreds of millions of wealth today, so it is normal to be happy." ”

Wang Zhiyuan felt the indignation in the hearts of the two of them, and encouraged: "He is just starting out now than us, who can laugh in the future and who is the final winner in the end." We have to have confidence in ourselves, Yahoo today does not have a market value of hundreds of millions, nothing remarkable. ”

"The Internet era has just begun, and it is very possible to create tens of billions, hundreds of billions, trillions of wealth in the future!"

"That's right, hundreds of millions are nothing.... Our goal should be trillions!" Li Yanhong was drunk and said boldly.

Zeng Li Qing also came to the heart, and after taking a big sip of wine, he said: "Mr. Li is right, trillion is the first goal we want, and then there are ten trillion, trillion billion...."

"Uh...."Wang Zhiyuan can only say: Your alcohol consumption is too bad!

....

Today is Saturday, 4/13/96.

It was past nine o'clock in the United States, so late, and Wang Zhiyuan had not rested. He is going to make a few international calls tonight to discuss important matters with several shareholders of Thousand Demon Technology.

"Hey, I said that Master Ma hasn't gotten up yet, the sun is drying his butt!" The phone was connected, and Wang Zhiyuan spoke first.

"Who should I be?.... It turned out to be our Mr. Wang.... Didn't Mr. Wang go to the United States on business? Why did you remember to call Xiaomin, I was really flattered.... However, you played too early, didn't you?"

Mr. Ma, who lives in a small villa near the university, yawns and complains that Wang Zhiyuan has disturbed his dreams.

"It should be past 10 a.m. in China?.... You are a big man, what kind of lazy sleep do you have to take care of your appearance?" Wang Zhiyuan teased, "Besides, aren't you starting school now?.... Did you stay up late studying?"

Ma Chongshan is a junior this year and is studying business administration at a well-known university in Binhai. He is not a material for high scientific research, how can he stay up late to study. If you don't wander around, you're already burning incense!

"Don't make fun of me, remember to bring me more souvenirs when you come back, otherwise I will break off my friendship with you!" Ma Chongshan talked on the phone while washing, joking with Wang Zhiyuan.

Wang Zhiyuan thought it was funny, it was very easy for Ma Chongshan to ask for American souvenirs in advance, so why let him bring them back.

However, when Ma Chongshan said this, Wang Zhiyuan understood that the other party regarded him as a friend and did not see the outside world.

Wang Zhiyuan was not the same, chatted for a long time, and finally talked about the topic, and said: "The main reason for calling you today is that I haven't seen you for a long time, and I miss you very much!"

"Huh.... I got goosebumps all over the floor.... Hurry up and get down to business, I'll have a date later!" Ma Chongshan said directly.

"Dating?.... You kid is going to harm the women of good families again, isn't it authentic!" As he spoke, Wang Zhiyuan's tone of voice changed, and he said solemnly: "Okay, I'm not joking with you." There is one thing that needs your opinion...."

"Oh?.... I'm a shopkeeper, and I still have something to listen to?.... Tell me about it, I'm curious. Ma Chongshan's tone was also serious.

Wang Zhiyuan paused and said, "Here's the thing...."

Wang Zhiyuan told Ma Chongshan about the upcoming strategic financing and high-level equity incentive plan of Qiandu Search.

。。。。。。。。。。