Chapter 168: Liu Xun's Opportunities and Ambitions
Liu Xun, who has another time and space memory, although he doesn't know who the next family is who the part of the stock in the hands of Lena and his wife at this time in his previous life is finally taken over, but it is obvious that he knows that person is not Valentine, let alone Sequoia Capital.
Since Valentine, who is the closest to this part of the shares, did not choose to take over this part of the stock at the beginning, then, Liu Xun can judge from this that Valentine at this time is still a little unconfident in the future development of Cisco, and he doesn't know how far Cisco can develop in the future, and he doesn't know that it is a company that can grow to the highest market value in the world in the future, so he hesitated, and he was cautious.
In fact, the investment of nearly 200 million US dollars is still a large amount of money for Sequoia Capital in this era, and Sequoia Capital's reputation is not as big as that of more than ten years later, and it is not as rich as that of later generations, and the Rena couple offered 1.8 billion US dollars for the shares in their hands, which is not a sky-high asking price, but a more reasonable price, and Valentine, who has always been bold, is slightly cautious in dealing with this matter.
His caution caused him to miss the greatest opportunity of his life.
Although Valentine was rated as one of the four major investment giants in the venture capital industry a few years later for his famous investments in Cisco, Yahoo, Google, Apple, etc., if he chose to take over the shares in the hands of Rena and his wife when he sold his shares in this year, then the trend of history may be very different, and in the future, he may be called the god of venture capital like Buffett is called the god of stocks.
But what Liu Xun was thinking about was that since Valentine's confidence in Cisco was still a little insufficient at this time, that was his opportunity, if Valentine was full of confidence in Cisco's future development, then he would not have the opportunity to get involved in Cisco.
In fact, no one in the entire Silicon Valley can clearly feel that Cisco will have as much potential as possible, or that they underestimate the development of the entire Internet industry.
A few years later, someone said this about the development of the country, he believed, "the future of wealth concentration in two areas, one is the Internet and mobile information technology as the center, will give birth to a large number of new industries and growth opportunities, many traditional industries will be sharply reshuffled in this change, benefits will be redistributed on the new trading platform; The second is that a series of capital restructuring activities will take place with monopoly resources as the center, and the government that owns these resources will sell a large number of monopoly opportunities to the market, and in this process, the political game skills of multinational corporations and private capitalists are very important. ”
And a few years later, the development of the country just proves this, just look at the industries that the richest people in China are engaged in and the ranking of domestic enterprises, we know that these two fields will indeed become the darlings of wealth in the future.
In fact, not only in China, but also abroad, the nineties was also an era of vigorous development of the Internet, everything that has anything to do with the Internet, in the nineties, almost all became the darlings of wealth, Cisco, Microsoft, Netscape, Google, Yahoo and the domestic Baidu, Sina, these are all proof, the end of the nineties and continued until 2000 The world-wide network technology stock bubble was blown up in this way.
It is a pity that people in this era may have begun to realize the huge value of the Internet industry, but they have underestimated how much this value is, and an authoritative forecasting agency actually issued a comical statement, believing that in 20 years, if the computer business is removed, the entire Internet industry chain may reach 100 billion US dollars, and they even think that this is already a relatively optimistic estimate.
Now it seems that the so-called professional prediction is simply a funny joke. The reality is that when the dot-com bubble burst, trillions of dollars of wealth evaporated overnight from the NASDAQ, and the market value of Cisco alone exceeded 500 billion, and Cisco faced an Internet hardware market of $200 billion a year.
In this era, there is a gap between the prediction of the potential of the Internet industry and the reality of Silicon Valley investors, of course, what they did not predict is that Cisco will soon establish itself in the field of Internet hardware supply in the next few years, and a large part of the Internet hardware market, with an annual market share of 200 billion US dollars, contributes a large part of Cisco's turnover.
People in this era are not clear, but as a latecomer, Liu Xun seems to see the prospects of Cisco very clearly, and he knows what kind of magic the Internet industry has in the late nineties. Companies like Google and Amazon, their annual profits do not exceed one million dollars in the listing money, but this does not affect the market value of these companies to soar to more than 10 billion dollars after listing.
People in this era obviously can't imagine how far the Internet industry will develop in a few years, and they can't imagine how big the Internet bubble that blew up in the late 90s will be.
Liu Xun, who understands all this, naturally has full confidence to judge the future development of Cisco, and more precisely, he is optimistic about the development of Cisco and the development of the entire Internet industry. As long as the Internet is hot, Cisco, as a hardware giant, will naturally grow to an incredible point.
Since Valentine's confidence in Cisco is not as full as he imagined, can he take advantage of Valentine's psychology? Liu Xun considered the possibility in his heart.
In fact, he had just told Xue Juewu that he wanted to see if there was a chance to take over all the shares in the hands of Lena and his wife and the part of the shares in Valentine's hands, and he didn't just talk about it, but really had such an idea.
Obviously, if you really want to seek Cisco, now, is Liu Xun's only chance, whether it is Lena and his wife who want to break away from Cisco, or Valentine, who has an uncertain estimate of Cisco's future prospects, this is an opportunity that Liu Xun has.
Valentine's original investment in Cisco was only $2.5 million, and according to the current market value of Cisco, 29.1% of the shares in his hands are worth about $200 million, with an increase of nearly 100 times.
For venture capital firms, generally speaking, there are three ways for them to exit from the companies they invest in, namely initial public offering (IPO), merger and acquisition by other companies or share capital buyback, and bankruptcy liquidation.
Generally speaking, it is the goal of venture capitalists to enable venture companies to achieve initial public offerings, as long as the invested companies can be listed, it means that their original investment will gain 10 times more value, and bankruptcy liquidation means that the venture capital may lose part or all of it.
In fact, Cisco has gone public in the 90s, and for Sequoia Capital and Valentine, their investment has already reaped considerable benefits, and it has actually reached the stage where they can exit and cash out. With a three- to five-year investment cycle of venture capital, it seems that it is a good time for Sequoia Capital to exit.
These are in fact Liu Xun's opportunities, his chance to persuade Valentine and Lena to get the shares in their hands, and his opportunity to control the hardware giants of the Internet.
Think about it, being able to control a company with a market value that can surpass Microsoft to become the world's highest market value in the future, holding a huge amount of $500 billion, and being able to compete with people like Bill Gates, Liu Xun can't help but be excited when he thinks about it.
In fact, as a venture capital company, they generally only occupy about 30% of the shares of the investment company, and do not pursue absolute control, but Liu Xun has a different mind about Cisco, although he holds shares in the form of an investment company, but he wants to hold absolute control of Cisco.
A behemoth that can grow to more than $500 billion is drooling just to think about.
Liu Xun thought about it, and suddenly stared at Xue Juewu with affection, yes, God has sent this opportunity to his eyes, if such a good opportunity is allowed to slip away from his eyes, Liu Xun suspects that he will be struck by five thunderbolts.
You know, the huge market value of 500 billion US dollars, what a huge number, even one percent of the shares, that is as much as 5 billion US dollars.
Five billion US dollars, you know, China's richest man in 2011 was only about 70 billion yuan, calculated by Cisco's shares, that is only about two percent of the shares, and China's richest man in 2000, even one percent of Cisco's shares are not worth enough.
Liu Xun didn't know that his affectionate glance just now directly made Xue Juewu and Zhou Peiwan stunned, they didn't know that Liu Xun's glance just now equated Xue Juewu with 500 billion US dollars, if there was no Xue Juewu, maybe he would have to pass by Cisco. These two people didn't know Liu Xun's thoughts, so they naturally couldn't imagine the meaning in Liu Xun's eyes, 500 billion dollars, he had the heart to hold Xue Xue Wu and take two bites.
In fact, Liu Xun had already made plans before this trip, and the purpose of his visit to the United States this time was to compete with the Lena couple and Valentine, and negotiate with them a little bit, and if he could get an extra 1 percent of the shares, he would have to work hard to get even 0.1 percent, which would be an astonishing fortune, worthy of his enough energy, time, and wealth at this moment.
Of course, Liu Xun also needs to do a lot of work, he needs to persuade Lena and his wife to be willing to sell two-thirds or even all of the shares in their hands to him, he needs to get Morgeridge and Chambers to support him, and even needs to rely on his three-inch tongue