Chapter 112 Venture Capital IX
Madrid, who came to the United States to serve as the head of Liu's Capital's office in the United States, not only supervises Liu's capital's industries, but also implements Liu's wishes. Pen ~ fun ~ www.biquge.info and before Madrid came to the United States, he received three main tasks, one is to find Larry Page and Sergey Brin to form Google Web Search Technology Joint Stock Company, the second is to let Phoenix Capital and Angel Capital jointly establish a PayPal third-party payment company, and the third is to be responsible for supervising and managing the fundraising activities on the NASDAQ in the name of Phoenix Capital and Angel Capital.
Back at Jeff's office, Madrid gave a general account of the operation, and at the same time instructed Jeff to send a lawyer from Angel Capital to Stanford the next day to sign an investment agreement with Larry Page and Sergey Brin and assist them in registering Google Search Technologies AG, emphasizing the share capital structure of the newly registered Google Search Technologies AG.
The investment in Google is over, and Madrid next needs to match Phoenix Capital and Angel Capital to seek to jointly form a third-party payment platform PayPal. However, before that, he still has to report to Liu Si about the details and subsequent development of the investment in Google.
Due to the time difference, Madrid, who is already familiar with Liu Si, will definitely not call now. Because he and Jeff used to be classmates, Madrid is very unceremonious to treat the office as his own, and Blue Mountain Coffee is not only Jeff's preference, Madrid also likes it very much. It's just that I really don't agree with the way of tasting, one is tasting, and the other is cow drinking.
For this reason, while Jeff was distressed by the high price of $50 per pound, he asked angrily, "Is there anything else the boss has to order?" ”
Madrid heard the anger in Jeff's tone, and didn't mind, and responded with a smile, "If it's okay, you won't just blast me away!" We're classmates. ”
"Whoever is a classmate with you, I just like my coffee."
"Don't be stingy, if you want to say that things are true." Madrid went directly to Palo Alto yesterday, although Jeff was notified by phone, but in fact they did not meet," the boss instructed Angel Capital and Phoenix Capital to jointly form a third-party payment platform. ”
As soon as he heard that there was an investment arranged by the boss, Jeff was immediately full of interest, "Oh, Ma, did the boss explain how much we need to invest in Angel Capital and Phoenix Capital?" Is the third-party payment platform merging with the upcoming shopping site company? What is the name of the third-party payment platform? What is the model of the third-party payment platform? ”
For Liu Si's vision, he Jeff admired him very much, whether it was eBay, ICQ, or Blogger, he did not disappoint. The rest of the network technology companies invested by angel capital have not yet made efforts, but if these three companies are at the current valuation, angel capital will get dozens of times the return on investment.
Madrid's lazy limbs were spread out and he lay on the high-end leather sofa in the office, humming comfortably twice, and said, "The boss does have an explanation." The name of the third-party payment platform is called PayPal, and the boss of the early investment believes that $50 million is more reasonable, and the boss specifically explains that PayPal cannot be merged with shopping sites. ”
"Why can't PayPal merge with shopping sites?" The establishment of a third-party payment platform by the boss should be to solve the difficulty of online shopping payment and let Angel Capital and Phoenix Capital be established. ”
PayPal was indeed established to solve the difficulty of paying for online shopping, and there is also a reason why shopping is about to be launched, but this is not the whole reason. Third-party payment platforms are actually a great innovation in the current online shopping, otherwise PayPal has dominated most of the world's online payment markets with the creation of Mars in history.
There are two main reasons for the willingness to set up PayPal before, one is that Liu Si did not have idle funds before, you must know that the third-party payment platform is also a reputation platform, and he needs huge funds to guarantee the reputation; Second, the third-party payment platform was not in much demand in the past, and the time was not urgent.
"PayPal can't merge with shopping sites because the boss is looking at the entire Internet world of the third-party payment market, not one city and one place." Madrid felt superior to Jeff for asking such a childish question.
Jeff's gaze can't be blamed, though. After all, Jeff's eyes are on shopping sites, not third-party payment marketplaces. If PayPal can't merge with shopping sites, it will be a boon for shopping sites that solve payment problems, and Jeff can even guarantee more than 30% of the US online shopping market within 6 months.
"Don't dream about it, PayPal will never merge with shopping. However, PayPal is also jointly invested by Angel Capital and Phoenix Capital, so you basically earn it. ”
"Well, that's it. But did the boss give a detailed explanation of PayPal's payment method, business management model, web page architecture and other information. Thinking of the omnipotence of Liu Si, especially the shopping online shopping website developed based on the information given by Liu Si, Jeff attaches great importance to his boss's suggestions or opinions on computer technology.
"PayPal is an online payment tool, which realizes free registration and free service, helping buyers and sellers solve payment problems in various transaction processes. PayPal is all about making it safe, simple and convenient for individuals or businesses to send and receive money online via email.
The process is as follows: First, through the email address, the payer can log in to open a PayPal account, become its user through verification, and provide credit card or related bank information, increase the account amount, and transfer a certain amount of money from the account registered at the time of account opening (such as credit card) to the PayPal account;
2. When the payer initiates the payment procedure to a third party, he must first enter the PayPal account, specify the specific amount to be remitted, and provide the grantor's email account number to PayPal;
3. PayPal then sends an email to the merchant or the recipient notifying them that there is money waiting to be collected or transferred;
4. If the merchant or the payee is also a PayPal user, the money designated by the payer will be transferred to the payee after the merchant decides to accept;
5. If the merchant or the payee does not have a PayPal account, the payee may register a PayPal account according to the PayPal email content instructed by the online station, and the payee can choose to convert the obtained money into a cheque and send it to the designated place, transfer it to his personal credit card account or transfer it to another bank account.
This is a perfect solution to the problem of difficult payment for online shopping! ”
Jeff actually majored in computer science when he first went to college, but as fate would have it, he embarked on the path of venture capital. The process of PayPal, a third-party payment platform explained by Madrid, can be understood at a glance, but such a simple and ingenious setting has to be applauded.
"It's a brilliant design."
"Don't be a sycophant, the boss is far away in China, and I can't hear it, and I won't say a few kind words for you in front of the boss, just save it!" Madrid took another big sip of Blue Mountain coffee and said, "The PayPal boss has prepared some materials, you can take them and see them yourself." ”
Originally, Jeff was very depressed when he saw Madrid's wasteful behavior. But when I heard that Madrid had PayPal information in his hand, his eyes suddenly lit up, and that was a good thing. He took a stack of more than 20 A4 paper books from Madrid, and did not speak, but just calmed down and watched seriously.
When Liu Si received a call from Madrid, it was 9 a.m. Beijing time on May 26, 1997. Recently, he is mainly searching for historical data in combination with Lenovo machines, and making plans for the development of network technology in the century in 97 years in combination with the situation of China in the century.
You must know that even if you know the huge profits of some Internet markets, it is a pity that due to the restrictions of the times, early intervention is definitely a gesture of losing money.
For example, video websites, in the future, the video website market is not small, just LeTV alone has a market value of up to 100 billion, others such as iQiyi, Tudou, Youku, Tencent Video, Sohu Video, etc. to carve up the online video market, the online video market is definitely far more than 100000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
It's a pity that online video sites need to use Adobe FlashVideo technology to present a variety of user-generated video content, but before 04, this was not possible for video sites. In addition, the actual situation is that before 04 years, the network speed was absolutely impossible to achieve online without watching videos, movies, and TV series.
In addition to the video website can not be achieved before 04 years, the use of Weibo or Twitter still can not be achieved before 03 years, the restriction of Weibo is the low speed of the mobile network and the lack of popularity, coupled with the lack of memory flash memory technology and mobile phone camera function, Weibo is definitely not popular and survive before 03 years.
Sitting in his office, Liu Si picked up the phone on the table, "Hello, I'm Liu Si." ”
"Good morning, boss. I'm Madrid, and today I've convinced and successfully invested in Larry Page and Sergey Brin to form Google Web Search Technologies JSC. ”
Listening to Madrid's report, he couldn't laugh or cry. But it's nice to hear that you've managed to invest in and win over two great men, Larry Page and Sergey Brin.
"Okay, I got it." Although Liu Si was happy, he also understood that Larry Page and Sergey Brin were doing nothing now, and it was not difficult, "Where are you Jeff, right?" ”
"Yes, boss."
"Okay, Madrid, you tell Jeff to let him inform Daphne that he is going to send someone to China to set up the Chinese branch of Phoenix Capital and Angel Capital." In 97 years, or even 96 years, there were many venture capital opportunities in China, such as the top famous Sohu, NetEase and other Internet companies.
"I'll definitely bring the word to Jeff, please rest assured boss."
……