Chapter 360: Flickering and Crippled: Part I (4/4)
"Mr. Doerr, I'm sure you already know that Mr. Bill has acquired a 1o% stake in IcQ for $4ooo, and now IcQ is not short of money, and IcQ's advertising platform is also up and running, if you're in it for financing, I think we can talk about something else this hour." As soon as he came up, Lin Zheng said something menacing.
Lin Zheng's words made John. Durdon was a little confused: Is there anyone who is so confident to talk to venture capital firms? Boy, do you know who I am? I'm the largest venture capital firm in the United States. For Bill. Gates took a stake in IcQ, at the beginning, everyone secretly laughed at Bill's lucky bastard and looked away, no one thought that IcQ's 1o% stake was worth $4ooo dollars, but now, watching the number of registered users and the number of simultaneous online users of IcQ soar up like a rocket. All that's left for Gates is envy and jealousy: this damned, lucky bastard has made another good deal!
In addition to envy and jealousy, there are also many hates, such as major venture capital companies, kpcB and Sequoia Capital, Goldman Sachs is one of the typical ones: Nima Bill. Gates, you bastard, it's cool for you to take a stake in IcQ, but how do you let Lao Tzu do business? Everyone is counting on IcQ to make a profit, but you're so sideways, and we're ruining all our chances of making money, bastard.
But the information revealed in Lin Zheng's words made John. Durr quickly calmed down, yes, that's right, Bill. The bastard at Gates was highly bullish on IcQ and became one of the shareholders of IcQ at a price of $4ooo US dollars to take a 1o% stake in IcQ, which is already a well-known thing in the entire American technology and financial circles, and kpcB is sorry if he intends to invest in IcQ. There doesn't seem to be much common language on this issue, and the current IcQ company is not short of money. No amount of hatred could change this fact.
"Okay, Mr. Lin, I heard that although you IcQ are not short of money, you still have plans to raise funds from Sequoia Capital?" Although Lin Zheng came up aggressively, it was a bit of a mess for John. Doerr's preparation, but John. Durr is also a venture capitalist who has seen a lot of wind and rain. Then it was adjusted.
"Indeed," Lin Zheng nodded, he did raise money from Sequoia Capital, and anyone who is interested can inquire as long as he asks, and there is no need to hide it, but Lin Zheng still emphasized one point seriously. "But to be more precise, it's me with IcQ and yahoo! borrowed from Sequoia Capital at a higher rate than the bank loan interest rate for the same period. β
That is, the parties did not agree on this point? But also, with my own understanding of the bastards at Sequoia Capital, they are a group of vampire bat-like bastards, as long as there is a way, who wants to cooperate with them? Seriously, venture capital firms like kpcB are incubators for start-up companies...... Don cursing Sequoia Capital. Valentine and Michael. Moretz is a vampire bat at the same time. John. Durr completely forgot that he was actually no better than Tang in the eyes of entrepreneurs. Valentine and Michael. How good is Moretz.
Cursing in his heart and cursing in his heart, although he was a little disappointed, since he came, he also wanted to hear what happened to Lin Zheng's loan...... Compared with Sequoia Capital, which picks fat and thin, kpcB can stabilize Sequoia Capital, relying on this: they don't pick fat and thin, as long as it is meat, they will eat it. Borrowing at a higher interest rate than bank loans over the same period? If the borrowing conditions are suitable, it's not impossible to borrow, isn't there IcQ and yahoo! Is the stake of these two high-quality companies used as collateral?
"We want 150 million," Lin Zheng raised a finger, well, it doesn't seem right, but who cares about this at this time? "With 1o% Yahoo! shares and 2o% of IcQ shares. The term of the loan is 2 years, and the interest is 12o% of the bank's loan interest for the same period. and IcQ's business activities. β
12o% interest? The interest rate on loans from major banks in the United States is now around 5%. That's 6% per annum? For a time, John. Durr felt a little depressed in his heart, tasteless and abandoned.
Speaking from the heart, yahoo! And IcQ's current growth, 1o% yahoo! Shares and 2o% IcQ shares are only worth at least $200 million, and the other party only borrows $150 million for so many shares, which is indeed a loan situation similar to that of a bank, but for a giant like kpcB, which has an average profitability of about 2o%, a 6% profit rate is really ...... Do you think you borrowed this money or not?
Don't borrow, 150 million US dollars, 6% interest per year, two years of interest alone is 18oo US dollars, this is not a small amount, from 199o to the end of last year, kpcB company has completed a total of 55 information technology companies and life science companies investment and listing, of which 4o companies' stock prices are lower than the line price, 5 are flat, and 1o is very successful, but even so, there are few companies that can help kpcB earn 18oo in two years.
If kpcB uses the $150 million to invest in other industries, how many $18oo dollars can kpcB earn in the future?
It's just that since it's a venture capital, it also means that if the investment object fails, the money you invested will be wasted, unlike Lin Zheng, where the collateral in people's hands is really valuable...... Some kind of Cheng dΓΉ on, John. Durr actually wished Lin Zheng failed.
He hesitated for half a minute before he opened his mouth and asked Lin Zheng, "Mr. Lin, can I ask, what are you going to do with this money?" β
John. Durr made up his mind, if Lin Zheng has a good chance of making money from this project, then it is not impossible to borrow money, it can net 18oo in two years, and 12o% is 12o%, I want 15o% Do you agree? β¦β¦ Or if the project is really good, you can also invest directly in his project?
"Oh, it's a miniature car project." Since John. Durr was interested, and Lin Zheng didn't mind introducing him: just talk about it.
John. Durdon felt a little dizzy, "Wait a minute, you guys are making instant chat software and search engines, and now you're going to switch to cars?" β
The span is a bit too big, and most importantly, do you know that the United States is the world's largest car market, with the most complete range of car types in the world?
"Yes," Lin Zheng was not John at all. DΓΌrr's reaction was strange if John. DΓΌrr didn't feel strange that he was strange, and explained to him, "It is a kind of body length of less than 3 meters, can only sit 2 people, pocket-sized mini car, characterized by small displacement, we used an o.8L in-line three-cylinder motor and an automatic clutch manual gearbox, fuel consumption is about 4 liters per 100 kilometers, very suitable for shuttling and commuting in the city, the price is not expensive, the expected market price is about 9ooo to 1oooo US dollars, there are three categories of customer groups, one is just ready to buy a car, young people with limited incomes; One is people who think that the car is too big, it is inconvenient to drill around on the road, it is inconvenient to park, and there is an urgent need for a car that can be stopped anywhere and can be drilled through a crack; As for the last one, well, sell it to those environmentalists, and they can't stop chattering about the fuel consumption of 4L per 100 kilometers, right? β
To enhance the persuasiveness, Lin Zheng added, "Daimler AG in Germany is also running a similar project, and they have partnered with the Swiss Microelectronics Group to establish an MCC car manufacturing company in France, and according to the information we have, they seem to be about to launch the prototype of this mini car." β
John. DΓΌrr's eyes were confused again, he was accustomed to the length of American cars of more than 5 meters, it was difficult to imagine how a car could be less than 3 meters long, where to put the motive? Where do you put the box? Even if there are only two people in a row of seats like a sports car, there is no way to achieve a body length of less than 3 meters, but he has to admit that such a small car ...... The United States does not seem to have one, and it does seem to be convenient.
Thinking that every time I go to the city, I need to look for a parking space for a long time. DΓΌrr was sure again: yes, this car is indeed very convenient, if there is such a small car on the market, or will you buy one for yourself? But here's the question: "Designing and manufacturing a car is a complex systems engineering, you know?" β
"We have completed the design of the interior and exterior of the car, the design of the chassis has also been completed for the most part, and the motor and gearbox have already been matured and ready for use...... Oh, forget jΓ¬ said to you, our chief designer is the former World Rally Championship annual champion Bijon. Mr. Waldegard, with his knowledge of automobiles, we believe that he will do this job very well. β
Engine, gearbox, chassis, exterior, interior...... How much else can be left of a car besides these things? In other words, they have actually completed most of the preliminary work and have really entered the feasible stage?
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ps: Let me tell my brothers, tomorrow and the day after tomorrow there are only three more per day in these two days, one is the previous 6 days to change nearly 80,000 words, I am really tired, I need a small rest, and the other one, these three days have been the elders with the children, I am a little ashamed to be a father, these two days with the children out for a walk.
Strive for one more chapter during the day, if it can't be more during the day, then all three chapters will be placed at night, so you don't have to worry.
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