Chapter 9 of the text, under the stake in Apple
As soon as he entered the room, Jobs sat down and said to Lei Weidong: "Mr. Harry Potter, we have discussed and can only sell you 24% of the equity." As soon as he opened his mouth, Jobs reduced his stake by another 0.9%.
“24%? $800,000? I heard you right!" Lei Weidong asked with a blushing face.
Although he put on an unhappy face, Lei Weidong's heart was ecstatic, 24% is not much, but when he thinks that Apple will become a company with a market value of billions of dollars in a few years, his 800,000 yuan can be said to have increased several hundred times and made a lot of money.
"Yes, although it is far from Mr. Harry Potter's requirements!" Jobs nodded and replied, "But this is the largest stake I can take out in my company." ”
Lei Weidong didn't reply immediately. looked at Mike Macoola and Wads, who were sitting next to him, but Mike Macoola looked very serious and couldn't see anything, and that Wads, he glanced at Li Xuan from time to time, a little embarrassed, it seems that the technicians are still not suitable for negotiation, they can't hide anything, and their expressions are expressed.
This Woxz looks a little nervous.
However, 24% is still a bit less, and the entire company is worth more than $3 million, which is obviously impossible, and Apple is now like this, on the surface, it is estimated that $400,000 is not worth it.
Jobs: They don't know how valuable Apple will be in a few years, and now they just treat Lei Weidong as an Eastern.
And Lei Weidong is like a person who can take advantage of a little more Apple and make more money. And 24% shouldn't be Apple's bottom line.
"24%, some too little, Apple can't be so valuable right now! Can you tell me why? You know, I've looked into your company and know you need this investment! Although he agreed in his heart, Lei Weidong would never show his thoughts easily.
"Since Mr. Harry Potter has investigated our company!" Jobs explained: "You should know how amazing the Apple-2 is, and it can be said that once the Apple-2 is put on the market, Apple's market value will increase by at least 10 times." In comparison, Mr. Harry Potter's investment is definitely a big profit! ”
"Don't fool me with what didn't happen!" Lei Weidong shook his head and said: "Whether Apple-2 will be popular in the market or not, I can't be sure before it is put into the market, Mr. Steve, I treat you as friends, and I hope you don't fool me, or tell me the real reason!" If you can't make it happen, it won't hurt you. ”
"Okay!" Jobs looked at Mike Makula and Watts, nodded to Mike Makura, who stood up and said, "Since Mr. Harry Potter has invested in the United States, he should know what the IRS must report about enterprises with more than 25% foreign investment!" ”
"Yes! I've heard that! Lei Weidong nodded and said: "What does it matter, is Apple still evading taxes?" ”
"How is that possible!" Mike Makula shook his head again and again and denied it, what a joke, tax evasion can be done but must not be admitted, who doesn't know the horror of the IRS, if they know that Apple may evade taxes, let alone Apple-2, even Apple will definitely be punished for bankruptcy if it has Apple-5.
"What's the reason for that! Speak it up and listen to it! Lei Weidong asked curiously.
"It's very simple, Mr. Harry Potter has never run a business in the United States, and he probably doesn't know that there are restrictions on foreign investment in many industries in the United States!" Mike Macura replied.
"Do computer companies have this restriction too? As far as I know, it seems that there are only requirements in special industries such as transportation, communications, and banking! Lei Weidong's tone was questioning.
"Computer companies don't have this restriction, but they are likely to have restrictions when government procurement!" Having said that, Mike Makula has nothing to hide, and has spoken out their worries about some of the unspoken rules in the government's bidding and procurement process.
"This is racism! I'm going to sue you in court! Lei Weidong didn't say anything, and Feng Haiyang, who was in charge of the translation, stood up and protested.
"Protests are not effective!" Mike Macura shook his head and responded: "It's not about race, it's about all foreign investors, even if you want to protest, you can't just find status, after all, the court is also opened by the federal government, so the court may not accept the government's protest." ”
"I thought the United States was free to invest, but I didn't expect there to be such unspoken rules!" Lei Weidong shook his head and smiled bitterly.
"No way, that's how it is, Apple doesn't have no competitors, so we can't take risks! If Mr. Harry Potter really wants to invest in Apple, we can only give you 24% of the shares! ”
Mike Macura smiled wryly, sighing in his heart that it seems that investment is about to fly.
"24% is too little, do you have any other preferential conditions! Otherwise, 800,000 US dollars, 24% of the shares, the price is too high! ”
Lei Weidong's gaze swept over the faces of Jobs and the others, trying to see what a few people were thinking, but unfortunately they found nothing. It seems that he is still too tender, and he can't even see through the expressions of several technical men, which is far worse than professional negotiators.
"If, Mr. Harry Potter, agrees with 24% of the shares, we can promise not to dilute your shares!" Hearing Lei Weidong's tone, he seemed to be a little resigned to his fate and decided to accept his conditions, Jobs didn't wait for Mike Macura to speak, and directly grabbed the topic.
"How long will it not dilute my shares! Don't tell me never dilute my shares! "Of course, Lei Weidong hopes that the shares will never be diluted, but of course this cannot be done.
"Ten years!" Jobs looked at Mike Makula and Woz, and found that both of them showed that they were in charge with their eyes, so he thought about it in his heart and said.
"In ten years, no matter how much investment our company receives, Mr. Harry Potter's shares will not be diluted, and will remain at 24% of the shares, only the shares of other shareholders will be diluted!"
"Can't just not dilute my shares for ten years!" Lei Weidong said: "I also ask that if Apple goes public within ten years, my shares will still be 24%, and if you agree to this condition, I will invest." ”
"If you count the listing, ten years is a bit too long!" Jobs shook his head and wanted to refuse, but seeing that Mike Macura and Wads were desperately trying to nod their heads, they had to nod in agreement, but Jobs still wanted to fight for time.
"Then how long do you think is appropriate?" Lei Weidong asked.
"One condition is ten years, and if there are two conditions, we can only agree to five years!" Jobs spoke:
"Five years, that's too short!" Lei Weidong shook his head and said: "The second condition is actually a supplement, and it is too much to subtract half at once, you must know that I can invest 800,000 US dollars." ”
"Then seven years, Mr. Harry Potter, since you dare to invest 800,000 yuan in our company, you must be optimistic about Apple's development prospects, seven years is enough time for you to make a lot of profits!" Jobs also knew that it was unreasonable to cut ten years in half at a time, so he added two more years.
"Seven years is seven years, but you must promise that even after going public, you can't dilute my shares in seven years! Except that I took the initiative to sell the shares! ”
Lei Weidong also didn't want to harvest the extraneous branches, saying that in Lei Weidong's memory, the apple seemed to be on the market in the early 80s. Hehe, 24% of the shares, you will regret it when the time comes, but in order not to be pitted, Lei Weidong still emphasized.
"Yes!" Jobs and others discussed it and agreed to Lei Weidong's request.
"So, Mr. Jobs, I wish us a happy cooperation." Lei Weidong stood up with a smile and stretched out his right hand to Jobs.
"Happy working together!" Jobs also held out his right hand.
After negotiating the equity sharing, the rest will be easy to do.
Steve Jobs, Steve Watts, and Marcula each gave 7% of their shares to Lei Weidong, and engineer Rod Holt gave 3% of the shares. Lawyers from both sides jointly drafted a contract, three in English and three in Chinese.
I didn't do it, who called Lei Weidong and didn't understand English. Lei Weidong read it once and there was no problem, so he signed it and notarized it at the same time.
After the contract was signed, Lei Weidong was very happy, although he did not have $800,000 in his pocket, he got 24% of Apple's shares, and the shares will not be diluted for seven years, even if they go public.
Jobs and others are also very happy, only 24% of the shares to get 800,000 investment, with this money I believe that the Apple II computer will be more perfect.
However, only a few months later, because Apple II was a blockbuster at the exhibition, Jobs and others regretted it a little, how could they agree to Lei Weidong's conditions at that time, it should be possible to press it again.
As for Apple's listing a few years later, Jobs and others regretted it even more, and they kept sighing that they agreed to such harsh conditions as not diluting their shares at that time, and it would be good for people to have front and back eyes.
Of course, this is all an afterthought, when the contract was first signed, Jobs and others were very happy.
People have become their own people, and they are familiar with a lot of speech. After the signing is completed, it must be celebrated. "Harry Potter, when are you leaving the United States? Jobs raised his red wine and saluted:
"Tomorrow morning's plane, you must know that the Spring Festival is almost coming, we must go back as soon as possible!" Lei Wei Dong's Juice responded.
"That's a pity, I want you to go and see the place where we Americans relax, to get a good idea! Jobs said with some regret.
"That place, Harry Potter better not go! Woz leaned on Jobs' shoulder and joked:
"Yes, Harry Potter, you're too skinny, and if you go, you'll be by the girls. You'd better exercise more, and when the time comes, I'll let you see the enthusiasm of American girls. ”
Mike Macura also came over to join in the fun. And you have to learn English as soon as possible, otherwise it will be troublesome to communicate and talk, and you won't be able to pick up girls in the United States if you don't know English. ”
Looking at Jobs and the others, Lei Weidong looked at his rib-like body again, there was no way to exercise for just a few days, and his body was still too weak.
And listening to their words, they are a little speechless, this is the founders of the Apple Empire, and the future tyrant Joe Gang is now just a technological otaku. At the same time, I have to sigh that no matter where it is, the language of men is inseparable from wine and women, and the same is true for technical cattle.