Chapter 44 Love to buy or not to buy
IF YOU WERE TO BE A TRADITIONAL REBORN WHO HAS INTACT MEMORIES OF HIS PAST LIFE AND LIVED BY HIS FORESIGHT, IF HE COULD COMPLETELY BUY YOUTUBE FOR $20 MILLION, MORE THAN NINETY PERCENT OF THEM WOULD BE STUPID ENOUGH TO PAY FOR IT WITHOUT EVEN PAYING BACK A COUNTEROFFER.
If the reborn person is more idiotic, for example, in the previous life, Baidu was built into his brain before he died, and he remembered everything by rote, then they could recite a timetable like a few treasures:
IN LATE APRIL 2005, YOUTUBE WAS FOUNDED IN SILICON VALLEY, AND THE BETA VERSION OF THE SITE BEGAN TO BE OPEN FOR UPLOADING VIDEOS.
In May, the official version was launched.
IN SEPTEMBER, THE SITE CAUGHT THE ATTENTION OF VENTURE CAPITALISTS AS YOUTUBE'S FIRST MILLION-VIEW VIRAL VIDEO WENT VIRAL. AFTER MONTHS OF NEGOTIATIONS, SEQUOIA CAPITAL GAVE A $3.5 MILLION ANGEL ROUND OF FUNDING TO ALLOW YOUTUBE TO BUILD A FULL-FLEDGED DATA CENTER AND EXPAND BANDWIDTH TO THE SCALE NECESSARY FOR COMMERCIAL OPERATIONS. IN THIS ROUND OF SEQUOIA CAPITAL'S INVESTMENT, THE VALUATION OF YOUTUBE IS $40 MILLION, SO THE 3.5 MILLION VENTURE CAPITAL ACCOUNTS FOR 8% OF THE EQUITY.
At the end of 2005, after seeing the effect of expansion, Sequoia Capital made a second round of investment, about 8 million US dollars, and increased its shares to 15%. AT THIS POINT, YOUTUBE'S MARKET CAP WAS ESTIMATED AT $140 MILLION.
IN OCTOBER 2006, WHEN GOOGLE FINALLY BOUGHT YOUTUBE OUTRIGHT, IT BID $1.65 BILLION.
A website company that has only been listed for 18 months has increased its value to 40 million in the first 6 months; Then it took another year and increased in value to 1.6 billion.
At that point in time, the company with three co-founders had only 20 employees. By the time it was worth 1.6 billion soldiers and was finally bought out. There are only 65 employees.
It's a pity that Gu Mojie doesn't know a dime about the above things.
So in his heart, he didn't have the slightest awe of this website. In his opinion, a broken website that has only been tested for more than ten days and hastily launched the official version can be worth $20 million? Even if it's cut in half. He had to weigh whether to buy it or not.
THIS IS STILL BASED ON THE FACT THAT YOUTUBE DOES HAVE EXCELLENT TECHNOLOGY. In other words, the most important thing is technology.
After Zou Sheng reported the other party's information, Gu Mojie did not listen to it partially, but tested it very seriously and personally. He found an agent and went to the American website, which is still quite broken.
Because of the circumvention of the wall, the problem of network speed jamming must exist, and Gu Mojie will not judge the strength of the opponent's technology by the smoothness of playback. But judging from the drag effect of the other party's playback progress bar, it is obvious that this video site has achieved "where it is dragged to where it is prioritized from where to start buffering".
Judging from the symptoms, it doesn't matter where it goes. Videos are all the same card. This shows that this kind of card is due to the speed problem caused by circumventing the wall, not the website technology.
The very simple principle of comparison test is enough for Gu Mojie to confirm the dry weight of a video website on the other side of the ocean from afar.
"JUDGING FROM THE BUFFERING AND DECODING PROCESSING ALONE, IT SURPASSES GOOGLE-VEDIO, AND IT SHOULD BE TECHNICALLY UNIQUE."
This is Gu Mojie's final conclusion.
He decided to buy, or rather, think that the company was entitled to waste some of his time haggling.
Gu Mojie asked Zou Sheng to keep in touch with the other party. First, make a small advance payment to the other party, and strive to allow the other party to fly to the country to negotiate. If the other party is really busy. I had to reluctantly let the people from Hatsune fly to the United States.
GU MOJIE DIDN'T KNOW MUCH ABOUT THE FOUNDERS OF YOUTUBE, SO HE DIDN'T KNOW IF THIS KIND OF OFFER WOULD WORK.
HOWEVER, THE OTHER PARTY IS NOT VERY GOOD, AFTER MAY DAY, ZOU SHENG MADE A NEGOTIATION DEPOSIT OF $200,000, AND THE TWO FOUNDERS OF YOUTUBE FLEW FROM SAN FRANCISCO TO HUJIANG.
Of course, when playing margin. ZOU SHENG ONLY TACTFULLY EXPRESSED HIS BOSS'S DISSATISFACTION WITH THE INITIAL OFFER OF $20 MILLION ON YOUTUBE. But how big the difference is, Zou Sheng did not say.
He was really afraid that after quoting Gu Mojie's psychological price, he would directly let the two Americans not be able to shoot the case.
……
Chad. HURLEY AND CHEN SHIJUN WALKED OUT OF THE TERMINAL FROM HUJIANG PUDONG AIRPORT, AND THEY WERE THE TWO FOUNDERS OF YOUTUBE.
Hatsune gave a guarantee for the negotiations, so it didn't provide any extra convenience during the negotiation process. The two looked at each other. I don't know the place well, and there is no one to pick up the plane.
The so-called negotiation margin is a kind of security deposit that exists in a third-party financial institution and has a cash condition attached. Generally, in those business meetings where the negotiation cost is relatively high, the inviting party will contribute a sum of money as the risk fee of the invited party. As long as the invitee comes to talk, regardless of whether the business is successful or not, the money can be taken.
However, if the invitee aborts the negotiations and cancels the agenda of the security deposit, then the negotiation bond cannot be taken away. To put it bluntly, the $200,000 given by Hatsune is even Chad. Hurley and Chen Shijun's travel expenses plus labor expenses.
Hurley looked around at the crowd of people rushing outside the terminal, and said to Chen Shijun in English: "Should we put on a posture and not take the Chinese's negotiation deposit?" Let's talk about it, let them come to San Francisco to talk! I don't even have a pick-up now, and maybe I'm even looked down upon. ”
Hurley is in charge of market operations in the company, while Chen Shijun focuses on technology, and the two have different division of labor, but they also have their own characteristics. Idle foreign affairs decisions are all Helli's ideas.
There are three co-founders of the company, and one is named Karim. However, Karim's specialty lies in the company's housekeeping, so he did not participate in this kind of negotiation today, and stayed at home in the United States. AND TODAY'S YOUTUBE, THERE ARE ONLY SEVEN OR EIGHT PEOPLE IN TOTAL.
Chen Shijun obviously didn't know much about these things that slapped his face and became fat, and muttered to persuade Heli: "Don't think about those who don't have it, if you can sell the company at a reasonable price, just sell it." We already owe millions in loans. When I started my business, I borrowed more than two million more, alas. ”
COINCIDENTALLY, THE THREE CO-FOUNDERS OF YOUTUBE. All are employees of Peter Thiel's PayPal company, the American version of Alipay. At the beginning of '05, that is, after winning the '04 year-end bonus, Hurley and Chen Shijun were laid off by PayPal, and before founding YOUTUBE, they had been unemployed and owed a lot of mortgages and car loans.
Karim had always had a job, working as a middle management manager at PayPal. It's just that he has a good personal relationship with Hurley and Chen Shijun. When Hurley and Chen Shijun started their own businesses, they lacked one who knew how to manage, so they pulled Karim into the gang.
Hurley and Chen Shijun pulled their skins as they walked to the waiting place for a taxi. Chen Shijun, an American Wanwan native who speaks Hokkien Chinese, stopped a car at the moment, got in the car and closed the door, and said: "Go to Qiantang City, Hatsune Network Technology." ”
The driver was stunned: "I don't recognize that place...... It's too far. Metering is not possible. ”
Chen Shijun was speechless for a while, thought for a while and added, "Can the Ahri Group find it?" ”
The driver nodded: "That knows." ”
Chen Shijun ordered: "Anyway, let's drive over there first, I heard that it is only two or three intersections away from the Ahri Group." ”
The driver pondered for a moment and said: "Boss, it will cost 1200~1500 to play the meter one way, and I have to find a place, and I can't carry passengers on the return trip, if I don't have 2000 yuan." Can't go. ”
Chen Shijun was too lazy to talk nonsense and took out three hundred dollars. said: "I haven't had time to withdraw so much RMB cash, 300 US dollars, can I go?" Go and go. ”
The driver calculated, 300 dollars has 2200, this transaction is done. People who do business at Hujiang Pudong Airport generally have the ability to identify the authenticity of the US dollar. After seeing the money, it was no problem, and he left as soon as he slipped away.
The driver said that he was lucky today and slaughtered a big fat sheep who was in a hurry.
Usually, from Hujiang Pudong to Qiantang City, the actual form is only eight or nine hundred yuan, and his report has been inflated by several percent. As a result, the fake foreign devil gave $300 at once. Even if the return trip is empty, at least I will make an extra net profit of more than 500 yuan today. In a happy mood, the driver slammed on the accelerator on the highway, almost driving against the upper limit of 120 kilometers, and the unmonitored road section was often overspeeding, and it was only an hour and a half to Qiantang City.
When I arrived in Qiantang, I didn't have much to toss, and I found Hatsune Network Technology. However, when it came to the end, Hurley and Chen Shijun became cautious, found a hotel early, and slept when they stayed, but they fell into jet lag.
At this time, we can't rush to negotiate, we must recuperate, relax our mentality, at least let the opponent look like we are not in a hurry to sell the website to cash out. The people from Hatsune Network didn't come to pick up the plane, but it also gave Hurley and the others a chance to take a good time, so thinking about it, Hurley didn't bother.
Hurley and Chen Shijun slept for an afternoon and a whole night. It lasted almost 17 hours, and when he woke up, Hurley felt full of energy and fighting spirit, and even his head was almost flat.
After looking in the mirror and shaving, Hurley clenched his fist and gestured, "Hey, Chen, let's contact that Chinese guy." ”
Chen Shijun took out a new mobile phone that he bought before staying in the hotel yesterday, and muttered: "Don't look at each other in that tone, people have cooperated with big companies like Google, and they won't be rookies." ”
Hurley has always felt that the Internet world is the world of Americans, and even if the Chinese want to enter this field, they are just local tycoons who can only wave money, and they don't understand technology at all. Maybe in a flicker, you can say how unique and difficult your technological advancement is, and you will be deceived of a large amount of purchase money.
Chen Shijun called Zou Sheng's number, and Zou Sheng's voice seemed very enthusiastic, and he asked where the hotel where Chen Shijun was staying, and immediately sent a car to pick up the two to go to Hatsune's company.
Although Chen Shijun was looking for a hotel, he had already considered the convenience of transportation as much as possible. The hotel is only a few hundred meters from Hatsune.
However, the other party is willing to send a car to pick up, which is also a manifestation of attention, and it is better to be able to hold a little force. Thinking about it like this, Chen Shijun did not stop him.
Ten minutes later, Hurley and Chen Shijun arrived at Hatsune.
Outside the office building, there is no company logo at all. It seems that this company is just temporarily renting a building in a software industrial park, and it is not the style of a very powerful software giant.
"What kind of company is this? Looking at the surface intelligence, it is also a large company with assets of at least a billion yuan and a market value that is difficult to say, how can it be in this environment? Chen Shijun thought silently in his heart, and couldn't find an answer for a while. (To be continued.) )