Sun Yansheng came to Pang Xuelin and talked about the acquisition of Scober.

As a supplier of video decoding chips, Scober's technical capabilities are still very good overall.

Founded in 1988, Scober describes itself as a semiconductor company, or more accurately, a semiconductor design company, and it is clear that such a start-up cannot have a single new chip production capacity, and can only be OEM by its early investor, Texas Instruments.

In the early days, Scooper's development direction was picture decoding chips, and it was not until 1991 that the first video decoding chip was introduced.

However, despite the novelty of the technology, Scober has not been able to find the right direction for its own products.

Until Jiang Wanmeng's appearance, Sun Yansheng found the direction of Scooper's progress through Wanyan VCD.

Who would have wanted to kill a Transwarp technology halfway, not only completed the patent registration of the whole machine, but even in the field of video decoding chips, it is a generation ahead of Scooper.

It can be said that the road that Scober is going to take is directly blocked.

The reason why Sun Yansheng hesitated to sell Scober to Pang Xuelin was mainly to see how the market performance of Transwarp CVD was.

If the performance is good, then the Wanyan foundry he and Jiang Wanmeng co-founded has a promising future, and he can divest Scooper's assets without any scruples, so as to focus all his energy on Wanyan Company.

If he doesn't perform well, then he has to think carefully about whether the Scottber he painstakingly created should be handed over to Pang Xuelin.

As a result, since Transwarp CVD was listed on the mainland a month ago, it has instantly become a hot spot in the consumer home appliance market, and its popularity has far exceeded his expectations.

In the first month of listing, Transwarp sold more than 60,000 units in total, with total sales exceeding 300 million.

The Luzhou factory, which originally belonged to Wanyan, has made every effort to expand its production capacity and is still in short supply.

Every day, dealers from various regions line up with Transwarp's slips to go to the Luzhou factory to buy goods.

In this way, Sun Yansheng suddenly put his mind at ease.

You must know that Wanyan Company has signed a long-term OEM order with Transwarp Technology, and if nothing else, the CVD/DVD series DVD player has at least more than ten years of market prospects, and such a stable revenue is at least much stronger than Scoober, who does not know the future prospects.

Because of this, Sun Yansheng finally made up his mind to transfer Scober to Pang Xuelin.

However, on this trip to Beijing, Sun Yansheng was accompanied by a blonde foreigner.

When Pang Xuelin saw the golden retriever beside Sun Yansheng, he couldn't help but be a little curious: "Mr. Sun, who is this?" ”

"Mr. Pang, I forgot to introduce to you, this is Mr. Benson Raphael of Sequoia Capital, when I founded Scooper, Sequoia Capital had invested, and now I personally hold 56% of Scober's shares, Sequoia Capital holds 32%, and the remaining 12% is jointly held by the company's executives and technical backbones!"

Pang Xuelin smiled: "I see. ”

The foreigner looked at Pang Xuelin curiously, and said to Sun Yansheng in English: "Mr. Sun, this young man who has not grown all his hair is the founder of Transwarp Technology?" No kidding, right? ”

Sun Yansheng was a little embarrassed, and just wanted to reply, Pang Xuelin said lightly in English: "Mr. Raphael, when Bill Gates dropped out of Harvard University at the age of twenty and founded Microsoft, it seems that he is not much older than me, right?" ”

Benson Raphael was stunned when he heard this, obviously he didn't expect Pang Xuelin to know English and have such a proficient accent.

The originally contemptuous expression on his face suddenly retracted, and he said with some embarrassment: "Mr. Pang, I'm sorry, I'm just curious about your age. ”

Pang Xuelin nodded and said with a smile: "Then please, let's sit down and talk first." ”

The three of them sat down in the café downstairs of the hotel and asked for a cup of coffee each, Pang Xuelin said with a smile: "Mr. Sun, have you considered the sale of Scober?" ”

Sun Yansheng said with a smile: "I basically thought about it clearly, after Scottber's shares were sold, I will focus all my energy on Wan Yan's side in the future, and ask Mr. Pang to take care of the business in the future." ”

Pang Xuelin smiled: "This is nature! ”

Then, Sun Yansheng began to introduce the relevant patents and assets of Scober in the United States to Pang Xuelin.

Scooper currently employs more than 500 people in North America, two-thirds of whom are R&D personnel.

In addition to video decoding chips, some chips have been developed for televisions, printers, game consoles and other fields, but they have not been particularly successful and can only barely maintain the company's operations.

Although the money made every year is not much, at least it is not a loss.

For Pang Xuelin, this is equivalent to a high-quality asset.

As long as Skober is acquired, Transwarp Technology will have a bridgehead in Europe and the United States.

In the future, CVD/DVD will not be sold to North America, Europe, and other places.

However, the acquisition of such a large company is far from being a matter of talking between Pang Xuelin and Sun Yansheng, Sun Yansheng came to Beijing this time just to determine the approximate price with Pang Xuelin and initialed the acquisition agreement.

The specific acquisition time has to wait for Pang Xuelin to go to North America to see it, and then the lawyer groups of the two sides can conduct various asset statistics and inventory before the formal acquisition.

After the two of them confirmed the acquisition intention of about 50 million US dollars, Pang Xuelin turned his gaze to Raphael and said: "Mr. Raphael, are you also preparing to sell Sequoia Capital's shares in Scober this time?" ”

Rafael hurriedly shook his head and said, "No, no, Mr. Pang, I came here this time, mainly for Transwarp Technology!" ”

"For Transwarp?"

A faint smile appeared on Pang Xuelin's face, and he didn't feel much surprise in his heart.

Sequoia Capital was founded by Don Valentine in 1972 in Monroe Park, California, this bigwig is a veteran of the semiconductor industry, since the mid-50s of this century, has worked in Raytheon, Fairchild Semiconductor, and National Semiconductor.

After the establishment of Sequoia Capital, it has successively participated in Apple, Cisco, Google, Yahoo, Oracle, LSI and other well-known American technology companies, the most successful of which is Cisco.

The two founders of Cisco Systems, Sandi Lera and Lin Bossaq, were both former students at Stanford University.

Lin is from the computer department, while Sang Di is from the marketing department.

After graduating, the couple was in charge of computer systems in the Department of Computer Science and the Department of Marketing, respectively.

At that time, in order to solve the problem that the computer network between the two departments could not be interconnected, they were determined to make something that could connect them, which was the prototype of today's routers.

Lin and Sang Di started their own company in 1984.

At the time, they wanted to call the company Francisco, but found that it had already been registered, so they simply called it Cisco.

Gradually, as the company grew, Cisco needed an injection of venture capital to scale.

They talked to 74 venture capital firms, but none of them were willing to invest in them, and they simply didn't think they were out of the picture.

At this time, Don Valentine, who had invested in Apple, 3 and other companies, appeared, spent 2.4 million US dollars to acquire a 30% stake in Cisco, and had the right to manage personnel.

One of the first things Don did was to find a senior CEO for Cisco.

He eventually found John Morgridge.

This is another important figure who also created the miracle of Cisco.

Moerich joined Cisco in 1988 as CEO and President.

During his tenure as CEO, he transformed a company with $5 million in annual revenue into a billion-dollar giant (1995), from a small company with only 34 people to a large company with 2,260 people.

On February 14, 1990, Cisco was successfully listed, with annual sales of 70 million US dollars and a market value of 600 million.

By 1999, Cisco's annual sales exceeded 12.1 billion, and its market value exceeded 500 billion US dollars in a record!

It was the great success of investing in Cisco that Sequoia Capital made a name for itself.

Later, Sequoia Capital China Fund also invested in JD.com, Alibaba, Ant Financial, JD Finance, Toutiao, Mobike, Ele.me, Didi Chuxing and other Chinese Internet companies, which can be said to be famous in China's Internet capital market.

Pang Xuelin didn't expect that Sequoia Capital would set its sights on the Chinese market so early.

Pang Xuelin pondered for a moment, looked at Benson Raphael and smiled: "Mr. Raphael, are you interested in Transwarp Technology?" ”

Benson Raphael smiled and nodded, "Just two months ago, Mr. Sun told me that he was going to sell Scooper, and I was surprised, because although Scooper has not had a particularly successful job in the United States, the company's performance has been stable, so I asked him why." Sun told me that he met a young genius in China, and that the company he founded, Transwarp, had achieved $50 million in sales in Xiangjiang in just half a year, and there was a wider mainland market waiting for him to develop...... I originally thought that such a genius, even if he was younger than Sun, would have to be in his thirties, but I didn't expect you to be so young. Mr. Pang, to be honest, we at Sequoia Capital are very optimistic about the development of your company, I wonder if your company is willing to accept our investment? ”

Pang Xuelin shook his head with a smile and said, "Mr. Rafael, Mr. Sun should have told you about the hot sales of our products, and now we are not short of cash flow." ”

Raphael smiled slightly and said: "Mr. Pang, don't be in a hurry to refuse, I heard Sun say that you are going to sell CVD players all over the world, it is indeed a genius invention, but it is not as easy as you think to open up the market abroad, if you have the help of our Sequoia Capital, I believe it will definitely save you a lot of effort." ”

Pang Xuelin blinked and said, "I didn't refuse, I think we can work together in a different way." ”

"A different way of working together?"

Raphael looked at Pang Xuelin puzzled, and said with some doubts: "In what way?" ”

Pang Xuelin said with a smile: "Mr. Raphael, I heard that your Sequoia Capital holds a lot of shares in Cisco, and we can consider a share exchange." ”

"Stock swaps? How to replace? ”

"1:1 ratio, one percent of Cisco stock, one percent of Transwarp stock!"

“NO!NO!NO!”

Raphael subconsciously chose to refuse, and said: "Mr. Pang, do you know how much Cisco's market value is now?" Now that it has exceeded $10 billion, and there is still some room for growth, do you think your Transwarp Technology is also worth $10 billion? ”

Pang Xuelin said with a smile: "Mr. Rafael, I remember that not long ago, Cisco just released last year's annual report, and the sales exceeded 300 million US dollars, 300 million US dollars, equivalent to about 2.5 billion yuan, do you know how much Transwarp Technology has sold this month?" ”

"How much?"

"Three hundred million! There is no problem at all with annual sales exceeding 3 billion, and there is even a chance to hit 4 billion, 5 billion! ”

Raphael glanced at Sun Yansheng on the side.

Sun Yansheng nodded and said: "Mr. Pang is right, in the past month, the Luzhou factory alone has shipped 30,000 Star Ring CVDs. ”

Raphael's eyes couldn't help narrowing slightly, and he said with a smile: "Mr. Pang, you must know that Cisco is an American company, and the future of the Internet is in the United States. ”

Pang Xuelin's face did not change, and he smiled: "Mr. Raphael, China is now a developing country, and there is still a big gap between it and developed countries, Transwarp CVD can sell so much in China, can you imagine how big the market share is in the United States?" How much can the market reach in Europe? In a way, Transwarp's potential is even higher than Cisco's! ”

Raphael fell silent, as if he was a little moved by Pang Xuelin's words.

After a long while, he said, "Mr. Pang, I can't answer you directly about this matter, I need to discuss it with the boss." ”

Pang Xuelin smiled: "Yes, this is not in a hurry!" ”

Then, the three of them sat and chatted for a while, and Raphael pulled Sun Yansheng and left in a hurry.

Looking at the distant backs of the two, Pang Xuelin smiled slightly.

Although CVD products are profitable, they have matured China's DVD player market in advance through CCTV advertising, media publicity and packaging, etc., and the direct consequence of this is that the potential of the entire DVD player market has been greatly overdrawn.

According to Pang Xuelin's estimates, Transwarp's sales in the mainland this year have exceeded 3 billion yuan, and the number of people who can spend five or six thousand yuan to buy such a DVD player is still quite limited in this era.

In the next few years, the price of the DVD player will slowly decline, and the profit will gradually decline, even if Transwarp successfully opens up overseas markets, in the next five to ten years, Pang Xuelin can develop the market value of Transwarp Technology to 50 billion US dollars.

As for Cisco, in another five years, its market value will rise from the current $10 billion to $500 billion, and at its peak in 2001, it exceeded 550 billion, surpassing Microsoft and becoming the world's most valuable company.

If you can really exchange Transwarp's shares and Cisco shares for one, then Pang Xuelin will make a lot of money.

Of course, according to Pang Xuelin's plan, Transwarp Technology will engage in CVD/DVD products at most, and future Transwarp Semiconductor, Transwarp Energy, Transwarp Automobile, Transwarp Aerospace and other companies will have nothing to do with Transwarp.