Among them, SoftBank still holds 2O% of the shares, Meisheng Group holds 5.8% of the shares, Sequoia Capital holds 3.1%, Kleiner Perkins Huaying holds 1.6%, DST obtained 1.2% of the shares with 10 million US dollars in cash plus 3O%, and Song Chen's GOOG1E shares were diluted to 68.3%!

This is still a case where the valuation does not include the option pool, if Song Chen follows the investor's nose during the negotiation, the option pool will also eat away at some of his shares when it takes effect.

DST also signed a long-term cooperation agreement with Ruan Likai, the executive officer of Goog1E and the head of Chenxing Network in North America, the most important of which includes two aspects: one is that Goog1E becomes a search service provider for the website, and the other is to integrate the email business, which is provided by Chenxing Network with back-end technical support - in fact, it is equivalent to packaging and selling the core email business to Chenxing Network.

Therefore, DST seat executive Yuri? Milner has endured the accusations of the local capital market, and Yandex has been merciless in accusing Yuri? Milner sold his assets cheaply and took refuge in Song Chen. And years later, DST and Russian talent surprised Yuri? Milner's foresight, as he had traded equity, business and paltry cash for billions of dollars worth of shares.

Of course, this is on paper, at that time it was no longer called this name, but merged with the local Russian QQ portal, and became a common asset of Chenxing Network and goog1e, and Yuri? Milner became an executive in the Dongou area of Chenxing Network, and his foresight in turn proved Song Chen's "vision", and the 1.2% of Goog1E shares went around in circles and finally returned to Song Chen's palm.

That's an afterword.

Baidu's growth is now much lower than the wide market goog1e, so its valuation is also much lower than goog1e! Since Song Chen has decided that Baidu's current value is worth $1.48 billion and will not let go, those investors who are interested in Baidu will either accept Song Chen's "blackmail" or leave the market.

There were a lot of people leaving. Morgan Stanley's Wesley? Banderas is counted as one, this is the largest venture capital, but also the most influential, his departure caused several large and medium-sized investment institutions to shake their heads and leave that night - of course, Baidu, which divided the market, is too cramped and has lost the space that should be the most imaginative, and it is difficult to tell a complete and moving story with Song Chen's tongue and lotus alone!

The venture capital that remains is Kangde Fund, Silver Lake, Meisheng Group, which still has the financial resources to invest, and SoftBank Group, a total of four companies involved in Baidu's investment. Although Baidu's total amount is lower than that of Goog1E, reaching US$306 million, the total equity of Xinxing Bank is higher than that of Goog1E, reaching 17.13%.

SoftBank maintained a 2o% stake in Baidu and remained unchanged, and Kant, who gritted his teeth and made a big gambling decision? Pamo accounted for 8.1 percent of the bank's share capital, Legg Mason Group had 6.5 percent, Silver Lake Capital, which had only been established for three years, received the remaining 2.53 percent, and China Chenxing Group's stake was diluted to 62.87 percent.

It is worth mentioning that Meisheng Group's "generous help" to Song Chen at the beginning has received an amazing return in this round of financing: Song Chen promised. Prior to the listing of Goog1E and Baidu, Meisheng Group has the right to forcibly sell the assets of Baidu or Goog1E to the American Starstar Group at a premium of 3o% if it satisfies the three-year period.

This situation is a bit like the United States Chenxing borrowed a high-interest loan from Meisheng Group with equity as a pledge, and the liquidated damages are three times the investment amount, and Meisheng Group can ask Song Chen to repurchase the equity and arbitrage away when it determines that Baidu or goog1e has a bad prospect!

Song Chen's generosity and self-confidence made Gerald? Belu was finally able to deal with the dissent within the Legg Mason group with ease. With amazing interests, he endorsed the phrase "partners not shareholders", and also released strong confidence in the long-term optimism of the two companies to the outside world as the founder - which is very eye-catching in the post-NASDAQ stock market crash when the smoke of 911 has not yet dissipated!

The only regret that the investment managers of several investment institutions feel is probably that Song Chen has greatly extended the listing period of the two companies, that is, 2oo5 years before considering listing. This is another important factor why Morgan Stanley left - the time has dragged on for too long, otherwise it is more common to give a high price-earnings ratio before the startup goes public!

Baidu and Goog1E's Series B financing, the funds will be used to expand the company's operations. Leasing office properties, building digital centers, optimizing financial cash and other purposes.

Baidu's $306 million financing became the largest single financing since the Nasdaq stock market crash, and Goog1E's $800 million financing made it the second place in the "highest single round of financing in global history", the former being the American broadband company Esternintegrateorks. On November 1, 1999, it raised $889 million, which was originally used to build a broadband network, but the stock market crash swept the world, and the company did not know how to guarantee cash flow in the crisis, and now it is on the verge of bankruptcy and no one cares.

Since the end of the last century, when the "" fell into madness, and then to the end of the NASDAQ stock market crash, this financing record has not been broken for more than ten years - just like the Nasdaq index, which has never returned to its peak state!

"Cheers!"

After the signing of the agreement, Song Chen, several major investment institutions, goog1e and the recently arrived Baidu executives gathered together to celebrate the success of this financing. Belu, Kant? Pammer, Silver Lake Capital founder Glenn? Hutchins et al. introduce Eric? Schmidt, Zhu Tiejun, Robin Li, Zhen Haomiao and other high-level executives.

It's a pretty standard American upper-class party, and the venue is at Song Chen's new home, and in addition to the protagonists, there is also California Senator Alec? Mrs. Gao Youji, the mayor and his wife of Mountain View, the upper class, and a band playing elegant music.

"Congratulations, Mr. Song, the enthusiasm of many venture capitalists such as SoftBank Group, Meisheng Group, Kangde Fund, Silver Lake Capital and many other venture capitalists for Chenxing once again proves that you have an indisputable leadership in this field!" Is it Alec who speaks? Gao You. At this moment, his face was full of spring breeze, although he was white, but his ruddy and elastic complexion showed that this four or five-year-old man was at the peak of his man's political career.

When he raised the red wine and saluted Song Chen, Mrs. Gao You on the side also said with a smile: "Just like you said, heroes come out of teenagers, aren't they dear!" ”

"Thank you! We still have a lot of confusion about this land that is pregnant with great technology and innovation, and we hope that the two of you can give us advice! Song Chen bowed slightly, and used the humility characteristic of the Chinese to Yaric? Mr. and Mrs. Gao You expressed their respect.

"Of course! Although you move again, the distance does not affect our intimate relationship. Mr. Song! In fact, it's not that far away! "Alec? Gao You Chunfeng smiled with a smile on his face, "I heard Miss Zhang, it seems that you are interested in forming an organization in the company to participate in political activities?" ”

"Yes!" Song Chen glanced sideways at his smiling fiancée, and he smiled calmly, "I am very interested in the political life in the United States, although we Chinese characters will not go too deep, but the experience of tasting will help our family!" Is that Mr. Senate? ”

"That's a very correct idea, the United States is different from China. This is a land of freedom, and your person and property will be protected by the most powerful nation in the world, my friend! "Alec? Gao You's grin widened, "Actually. I can't wait to introduce you to some new friends, and I'm sure you'll love them too! ”

George W. Bush has come to power, and the 911 incident has given him a just reason to "wave the stick of sanctions to the world," and the next eight years will be dominated by the Republican Party. Of course Song Chen wants to accept Aggreko? Gao You's "help", so he smiled happily: "Feel free to accept your invitation, Mr. Senator!" ”

Song Chen's knowledge makes Alec? Gao You was very satisfied. Standing not far from him, the mayor of Mountain View, William? Herman was wearing a black suit, his figure was very tall, half a head taller than Song Chen. When Goyou was chatting, he was talking to the glamorous Ashley? Fan Ning talked and laughed, but Yu Guang kept paying attention to Song Chen's side.

Ashley? Fanning, as the president of "Science and Technology People", is certainly qualified to participate in this rare high-class feast. She glanced back at Song Chen, and she smiled at William? Herman said, "He's really young, isn't he, Mr. Mayor!" ”

"Of course!" William? Herman took a sip of scarlet wine from his goblet and said with a smile, "What a lucky fellow, his woman, his family, his career has almost the world's attention!" Of course, you are also included, Miss Fanning, you are now the darling of Silicon Valley, and I heard that you have taken over the newspaper "Tech People", congratulations! ”

Ashley? Fanning smiled coquettishly: "Thank you! It was the support of the Board of Directors and Mr. Daniel that was a big part of why I was where I am today! ”

Listening to this woman who usurped the position of the boss and closed her mouth to be the old boss, William did not have any disdain, on the contrary, he could feel very appreciative of this woman who did not rely on her lover's financial resources to drive away the "boss", he smiled and said: "I have been communicating with his subordinates in the past, in fact, I have been admiring Mr. Song for a long time, and now the opportunity is rare, can Miss Fanning introduce me for me?" ”

"Of course, Mr. Mayor, please!" Ashley? Fan Ning smiled skillfully.

Alec? Goyu notices Ashley? Fanning with William? Herman came over, and he headed William? Herman nodded reservedly, talked with Song Chen for a while, and then took his wife back to his social circle.

"Sister! Ah Chen! "Say hello in Chinese first, Ashley? Fanning then said to Song Chen in English, "Are you free?" This William? Mr. Herman is the Mayor of Mountain View, and he wants to meet you! ”

"Ahh Mr. Mayor, welcome to the Humble House! Song Chen smiled slightly and handed it out.

The Chenxing Empire has just emerged, and its assets have reached the level of billions and tens of billions of dollars, and the mayor of Little Mountain View is no longer taken to heart by him, although it is a common truth that county officials are not as good as the current management, but the biggest difference between the United States and China is that money can openly and legally affect political rights!

Theoretically, whoever has more assets and pays more taxes will have more prestige in the local government, and when a company's influence is big enough to control the local council elections, the government can't say no to the company. Unless, like some local tyrant mayors in the United States, rely on their own funds to rise to power, then he can boldly say "I'm not afraid of you" to the giants or enterprises under local jurisdiction; There are also examples of 'big can't fail' in China, but the government doesn't want "the enterprise to collapse and the company doesn't want you to fail" are completely different things, and if you really want to collapse an enterprise or entrepreneur, it is a matter of minutes for the bureaucracy!

"Very beautiful house, I hope Mr. Zorins doesn't blame me for crossing the line!" Herman shook Song Chen's hand hard.

The Mr. Zorins he spoke of was Peter the Mayor of Woodside? Zorins, who was unable to congratulate him in person because of something, also sent his wife, Lady Zorins, a beautiful young woman in her thirties who looked ordinary but was very shrewd.

Peter? Zorinse obviously wouldn't like his colleagues in the city next door digging into his corner, so William? Herman would make such a joke. shows his humor.

"Thank you!"

Song Chen smiled slightly, and Zhang Ruoxi on the side said, "I'll entertain the others, you guys talk!" ”

"Good!" Seeing Zhang Ruoxi leave, he looked at Zhai Yan who was with Zhu Tiejun, Zhen Haomiao and others on the other side, and he turned back to William? Herman smiled and made a gesture of please. As he walked with the Mountain View Market to a quieter place, he muttered, "Mr. Mayor, I've wanted to talk to you about urban construction for a long time, but because China needs me to come forward in person. So it's been delayed so far! ”

"That's what I'm here for!" William? A flash of excitement flashed in Herman's eyes, and he said reservedly, "Eric? When Mr. Schmidt first met with me, he made a suggestion. He's looking to buy your company's current office building and the land for the junkyard next to it, right? ”

Song Chen gave an affirmative reply: "Yes! The owner of this office building, SGI, is now struggling to make ends meet, so I wanted to reach a transfer agreement with the other party, and the garbage dump next to it was really unsightly. So I hope to get the support of Mr. Mayor, it is better for us to buy this land to build the headquarters building, so that the garbage dump can find another site! ”

William? Herman flashed. While weighing the pros and cons, he hesitated: "We need the support of the master!" ”

"Of course, we will compensate the owner of the garbage dump appropriately!" Song Chen said slowly, "I know that Mountain View City has been in financial difficulties in the past few years, and it has cut its budget for four consecutive years!" ”

"That's true!" William? Herman knew that the government's budget was no secret in front of these rich people, so he had no intention of pretending to be reserved in front of Song Chen, he learned from a friend that Song Chen was preparing to settle in the United States, and was looking for an address for his "American spaceship" [Qiantang City Headquarters], so this was his chance to win over the other party! Maybe maybe even the only chance!

"Although there is no shortage of powerful research institutions such as Symantec and NASA in Mountain View, after all, the population is only 50,000 or 60,000, and the tax scale is relatively weak, so we urgently need a strong technology company that can bring us the help we need!"

Rather be the head of the chicken than the queen of the cow!

Mountain View is an area with a thin population that is not even as good as some small towns in China, so Song Chen has not considered accepting Aggreko? Gao You's building yì, looking for another address to build the headquarters, but is ready to continue building on the address of the original Chenxing Park!

Since the other party was so single, Song Chen smiled and said: "We Chinese have an old saying, it is better to use raw than cooked!" Our company's business show in Mountain View has already established a certain foundation, and the company's employees have found a place to live in the local area, and we certainly don't want to go through the trouble of moving our headquarters to another unfamiliar place! In fact, I have a lot of projects to work on here, and I think it can bring benefits to the government and the local people! ”

"Oh? Can you elaborate on that! ”

"It's not a great place today, Mr. Mayor!" Song Chen looked at the other guests, smiled slightly, and said, "But don't worry, I have decided to spend my first Spring Festival in the United States this year, so we have plenty of time to exchange opinions!" I'll have my secretary get in touch with you, I think there will be a more feasible written plan then! ”

Although he didn't get the expected reply, getting Song Chen's promise was enough to make William? Herman was pleasantly surprised, so he smiled and said, "I will look forward to meeting you next time, Mr. Song!" ”

Song Chen nodded, and then turned to Ashley, who was wearing a white knitted skirt and a thin powder? Fanning said, "Would you like to entertain the mayor and the government officials for me, Ashley!" ”

"Absolutely!" Ashley? Fan Ning glanced at Song Chen with a graceful expression. Song Chen lowered his head and kissed Ashley's delicate cherry lips, and then strode towards Zhai Yan.

Ashley? Fanning Li's face was slightly red, but in front of outsiders, she could always maintain a down-to-earth and generous posture. Herman said, "Soon you will get what you want, Mr. Mayor!" ”

William? Herman smiled, "You know what I want? ”

Ashley? Fanning said disapprerovingly: "Officials want political achievements, businessmen want markets, this is an eternal thing!" ”

William? Herman picked up his glass and touched it: "You're right, Miss Fanning! (To be continued......)

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