Chapter 67: The Godfather of the Internet
San Francisco is the second largest city in California, the largest financial center in the western United States and an important high-tech R&D and manufacturing base, and is also the location of the world's famous high-tech industrial park "Silicon Valley", and San Francisco is also the second largest concentration of Chinese in the Western Hemisphere. The pen "Fun" Pavilion www.biquge.info for eating Western food for the past few days, Liu Si's desire for Chinese food is really incomparable.
When he arrived in San Francisco from San Jose, it was already lunchtime, so Liu Si instructed Madrid to drive straight to Chinatown.
I randomly chose a restaurant that looks more high-grade and stepped in, there is no legendary thing to see is a compatriot and free order, I have eaten Western food for several days, and now I taste Chinese food, and my taste buds feel more comfortable.
The first thing I visited was craigslist, in fact, craigslist is similar to 58.com and Ganji.com in China, and Liu Si is actually very interested in this category of websites.
Jeff was the only one who entered Craigslist to meet Craig Newmark. At present, the company has only been established for a year, and the company's conditions are not good, and the entire craigslist company has only 3 employees at a glance.
"Hello, can I please help me?" As soon as Jeff entered the Craigslist office, a middle-aged man with a slightly fat body and a full beard stood up and asked.
Liu Si had seen a photo of Craig Newmark on Goldfinger, but he couldn't describe and tell Jeff, and Jeff didn't know what Craig Newmark looked like, "Take the liberty of excuse me, I'm Jeff Adrian, the president of Angel Capital, and this is my business card." ”
The middle-aged man took the business card handed over by Jeff and looked at it, it was very exquisite, "The business card is very good!" Is Angel Capital a venture capital company? ”
"I'm here to communicate with you craigslist on behalf of Angel Capital, I wonder if you can inform Mr. Craig Newmark, Angel Capital is visiting!" Business cards are part of the company's face project, and naturally Liu Si will not be stingy with money, you must know that a business card in Jeff's hand is 1 dollar.
"I'm Craig Newmark."
Jeff's eyes lit up and his smile lit up even more than when he had just spoken to Craig Newmark, "Mr. Craig Newmark, I'm glad to know you!" ”
"Mr. President, please speak up, the company's business is very busy!" Craigslist has always had a small staff, even if Craigslist has an annual operating income of $300 million, the company only has more than 30 employees, so the employees at Craigslist are very busy every day.
"Angel Capital is very optimistic about the future of Craigslist, so we want to work with Mr. Craig Newmark to make Craigslist appear in the United States as soon as possible." Jeff smiled and said absently.
"Oh, I wonder what Mr. Jeff thinks Craigslist is worth?"
"We at Angel Capital believe that Craigslist is now worth between $3 million ~ $3.5 million." Sitting down in front of an improvised couch, Jeff thought for a moment.
"Please." Perhaps after spending a long time in San Francisco, a Chinese community, Craig Newmark served his guests tea instead of coffee, "Chinese tea is good. ”
"It's very good." Although Liu Si was not next to Jeff, it was impossible for Jeff to speak ill of China, knowing that his current boss was Chinese.
"Mr. Adrian, does your company only think that Craigslist is worth $3 million?"
In the face of Craig Newmark's inquiry, Jeff naturally couldn't retreat, after all, it was about money, "Craigslist has a good future, but now we at Angel Capital think it's worth between $3 million ~ $3.5 million. As far as I know, Craigslist only promotes 2 cities, and there are only more than 100,000 users. How many cities and how many populations are there in the United States, we at Angel Capital give a valuation of $3 million because we value the prospects of classified ad sites and your capabilities, Mr. Newmark. ”
In the current situation of Craigslist, the valuation is at most $1 million, but due to concerns about Craig Newmark's personality, Craigslist has been given a higher valuation.
"Heh" sneered in his heart, he Craig Newmark had already heard of the face of this gang of venture capitalists, although they were helping vampires, but at present, they must seek investment to develop, and the valuation of angel capital is still very satisfactory, "Okay, how is Mr. President going to invest in Craigslist?" ”
"$2 million, 75% of the shares!"
"No, $2 million, 50% of the shares."
“oh,mygod! How is it possible for Craigslist to be valued at $4 million! "Jeff performed to his heart's content, and his body movements were very exaggerated," $2 million, 70% of the shares. ”
“55%”
“68%”
……
Craig and Jeff fought over the red ears and faces, and finally after a quarter of an hour of bargaining, Angel Capital invested $2 million to get a 64% stake.
For the investment agreement, Jeff had already brought it in his briefcase, which was a contract template printed by Angel Capital for Party B, so soon the two parties signed a contract on the investment agreement, and then went to the government to report shareholders and other things Jeff asked Craig to handle it himself.
After going downstairs, I got into the car waiting downstairs and went straight to the hotel where everyone was staying, because Liu Si did not follow Jeff to the craigslist company this time, so Jeff had to go to the hotel to report to work.
"Boss, 2 million took 64% of Craigslist's shares."
"It's not bad, you take a break first, I'll tell you about pyralabs later, you can work hard today and try to buy pyralabs." Pyralabs is nothing to say is nothing more than a small Internet company, and such small Internet companies are everywhere in the United States. In the end, Liu Si made up his mind to acquire Pyralabs because it was indeed necessary for Angel Capital to acquire an American Internet company to develop the company industry that Angel Capital could not invest in.
For example, in today's Internet companies such as Amazon and Blizzard, it is even more difficult for angel capital to invest, even if it does, with the current capital of more than 5,000 US dollars, Liu Si really can't get many shares.
Pyralabs is used by Liu Si to recruit IT talents from colleges and universities in Silicon Valley, USA, and build the company he needs on this basis. Such as integrated e-commerce websites, electronic hardware companies, and so on.
"Boss, tell me the details of pyralabs directly!"
"Pyralabs is a small network company, and its main business is to do network contract projects for large companies, and I want to explain that the acquisition of Pyralabs is a wholly-owned acquisition, and the original internal staff of the company must be retained."
Liu Si sent Jeff away with two simple explanations. It sounds like Liu Si's explanation is very ordinary, but in fact it is not the case, the wholly-owned acquisition and retention of employees can make the greatest possibility of bloggers not appearing in the future, so that the future big killer of blogs can be in the hands of angel capital.
Pyralabs means Pyramid Labs, and Liu Si plans to use Pyralabs as an incubator, and the companies that are ready to be incubated in the early stage are e-commerce companies, game companies, and blogger companies.
It was already about 4 p.m. when Jeff arrived at Pyralabs, but the company hadn't finished work at this time, and Jeff easily found the boss of the small company. This company was founded by three graduates in their 20s who have just worked for a long time, and the company's total revenue has just balanced so far, and it is naturally very happy that someone spent 1 million to acquire it.
So far, Angel Capital has added another subsidiary.