At the end of June, mobile phones finally entered third-tier cities like Angang City, Xiao Fan bought a Motorola mobile phone, which was the one that could block bullets in later legends, and went to the Exit and Entry Administration Bureau to apply for a Hong Kong and Macao pass.

At the beginning of July, Xiao Fan and his parents went to Beijing/Beijing to play for a few days, during which Xiao Fan did a big thing - through the intermediary company contacted by the relevant business forum, Xiao Fan successfully made an appointment with Baidu President Li/Robin.

"I want to buy a stake in Baidu!" Xiao Fan got straight to the point.

"Impossible"

Baidu's initial shareholding structure speaks for itself, and Li/Hongyan is to have an absolute controlling stake in Baidu.

"Paste it, encyclopedia, daily hot search list, have you heard of these?"

After Xiao Fan finished speaking, he leaned back in the chair and looked directly at Li/Hongyan's gaze.

"You're ......!"

Li/Hongyan was so surprised that he couldn't speak, Baidu Tieba only appeared in 2003, and now it only exists in the concept of Li/Hongyan, and even the name has not been thought of yet, and when Xiao Fan said the word Tieba, Li/Hongyan suddenly felt that the name and his concept were too matched. As for the encyclopedia, although Li/Hongyan has no relevant concepts on the daily hot search list, it seems to be quite interesting just by looking at the literal meaning and analyzing it slightly.

"Actually, I just don't want to bother, but if you really reject my acquisition, I can use these funds to make a thousand, ten thousand degrees. I'll poach your techies with high salaries, and I have a lot of search ideas that you haven't heard of at all. ”

The first sentence is Xiao Fan's heartfelt words, relive a trip, Xiao Fan wants to make money and enjoy life, so Xiao Fan doesn't want to make money that is too tired, as for stocks and buying balls, Xiao Fan has to do it himself because these are the areas that Xiao Fan is interested in, but Xiao Fan has never been in contact with the Internet industry in his previous life, so it is the best choice to buy the original shares and wait for appreciation.

As for the latter words, Xiao Fan is bluffing, and Xiao Fan, Baidu's more distinctive project, can think of these three now, but these are enough to deceive Li/Hongyan.

"Can you let me think about it for a few days?"

Although Xiao Fan's words are not much, it is like a heavy punch almost knocking out Li/Hongyan, because Baidu is still in its infancy, and the market occupancy and recognition are not high.

"Mr. Li, I hope to reach a preliminary agreement today, 20 million, I only need 10% of Baidu's equity."

Shopping malls are like battlefields, with long nights and many dreams, not to mention three days, there may be a shocking reversal in one night. And this price Xiao Fan also thinks is attractive enough, Li Zekai won 20% of Tencent's shares in 1999, but it only cost $1.1 million.

"I accept your terms, but at least give me a day to discuss the origin of this 10% stake internally."

In fact, the real dealable deal is often this kind of instant hit, the longer the time to argue, the easier it is to miscarry, and the equity ratio required by Xiao Fan is within the acceptable range of Li / Hongyan, and the price is indeed very attractive Li / Hongyan, with these 20 million Many projects can be greatly accelerated, originally these projects are not so urgent, but when Li / Hongyan heard Xiao Fan said about the encyclopedia and hot search list, he felt that he really needed financing.

In terms of equity, Lee/Hongyan naturally wants to keep as much of his original 50% stake as possible, so he wanted to ask other equity holders if they were interested in selling their shares. At that time, Baidu's shareholding structure was 50% for Li/Hongyan, 10% for Li Yong, and the other 40% for the original overseas investment fund and the employee's equity warrants, which meant that the employees could decide whether to buy the company's shares at an agreed price at a certain time in the future.

For example, if the warrant stipulates that a maximum of 1,000 shares of Baidu stock can be purchased at a price of $10 per share, then the employee has the right to buy Baidu at a price of only $10 per share, even if Baidu's share value is $100 at the time.

"In addition, if Baidu needs funds to choose refinancing in the future, or if a shareholder makes additional investment and dilutes the equity of others, I have the right to subscribe for Baidu shares first."

Xiao Fan hopes to maintain at least 10% of the shares, not to mention that Li/Hongyan now holds 50% of Baidu's shares, and when Baidu went public in the United States in 2006, Li/Hongyan's shareholding ratio was only 20%.

"This is not a big problem, first of all, on behalf of me personally, I would like to welcome Mr. Ye to join Baidu."

"Don't worry, I won't affect Baidu's decision-making."

"Can you always talk to me about encyclopedia and hot search lists?" Lee/Hongyan is already a little impatient.

"Let's wait until we officially sign the contract, rest assured, once I have a stake in Baidu, of course I also hope that Baidu can develop better! Isn't it worth some stake for my ideas? ”

Xiao Fan's last sentence is a joke, because creativity is invaluable.

In the end, with the consent of all shareholders of the company, Xiao Fan owned 10% of Baidu's shares in the form of capital increase and share expansion, while the shares of other existing shareholders became 90% of the original, for example, Li/Hongyan's shares were diluted to 45%, and even the original overseas venture capital funds agreed to this share expansion plan, which shows that Xiao Fan has made a big mistake in the eyes of everyone.

Xiao Fan was unusually busy throughout July, and after successfully getting the original shares of Baidu in Beijing/Beijing, he flew to Macau and chose a Bo/Cai company that had not run away in 2022 at least in Xiao Fan's previous life and got a VIP account (100,000 yuan in the account can become a VIP), and you can bet through the Internet or phone.

Xiao Fan directly deposited 3 million in the account, and immediately placed three orders, of which 2 million to buy China will win the third place in the Sydney Olympics medal list, the odds are 1 to 2.69, if China does not accidentally get the third place in the Sydney Olympics medal list, then Xiao Fan will make a net profit of 3.38 million.

Let's popularize science, first of all, if Xiao Fan was not a VIP customer, he would not be able to bet such a large amount at all, because the maximum bet amount in the agent account at that time was 100,000.

Secondly, although Macao has returned, but one country, two systems, so Macau's Bo/Cai company is in accordance with international practice only in the medal table, but also only opened the odds of the medal list, the previous Olympic Games only a few Asian countries are ranked according to the number of gold medals.

And then the content of this kind of regular Bo/Cai company opening can be said to be Bainahaichuan, up to the U.S./National General Election, down to the odd and even number of the daily stock index tail number, and even the champion, runner-up and runner-up of the voice.

In the end, it is this odds, which now seem to be a bit high, and the return rate is actually more than 100%. However, at that time, the Olympic Games United States/China was the first medal without suspense, so the odds of buying the United States/China to win the first were only 1.03, which means that 1 million can only win 30,000, and Russia's second is almost the top nail, the odds are only 1.10, and the biggest favorite for the third place at that time is actually Germany, the odds are 1.80, the second favorite for the third place is not China but the host Australia, the odds are 2.10, and the Bo/Cai company believes that the probability of China being able to win the third place in the medal table is lower than that of Germany and Australia. The result is that the Chinese team actually played extraordinarily in that Olympic Games, or exceeded the expectations of the outside world.

In the second single, Xiao Fan won the runner-up of the Sydney Olympics with 500,000 French men's basketball team, with odds of 10.50. In the same way, you can't win a few dollars in basketball if you buy the United States/country to win the championship, and the first favorite of the runner-up is the German team, the second favorite is Argentina, the third favorite is Spain, the fourth favorite is Lithuania, and the odds of France can win the runner-up have been ranked ninth, that is, from the odds, the Bo/Cai company is not even optimistic that the French team can qualify from the group. In short, it was a big upset for France to reach the final at the 2000 Olympics.

In the third single, Xiao Fan also bought Cameroon to win the Sydney Olympic men's football championship with 500,000 yuan, and the odds were 19.00. In fact, African teams have always had amazing performances in the Olympic Games, and even the last champion was Nigeria from Africa. Probably because physical fitness plays a greater role in the U23 stage than in the adult stage.

As for Cameroon, it is indeed not a weak team in that Olympics, if you want to say that Cameroon can enter the quarterfinals, or even that the odds of entering the semifinals will not be so high, but it will be difficult to win the championship. Because the Brazilian team was star-studded, just say one name, football fans will understand, Ronaldinho.

It's like if you buy the United States/national team to win the men's basketball championship for 1 million and you can only win 50,000, but if you buy the second favorite to win the championship, the German team, then if Germany really wins the championship, 1 million can win 8 million, but can Germany win the championship? The answer is no, so even if Germany is the second favorite to win the championship, your 1 million is still likely to be thrown into the sea.

So why doesn't Xiao Fan shuttle/Hacameron? Because one is afraid that the company will repay the debt, although it is a legitimate big company, but if Xiao Fan is 3 million, the company will pay 54 million. Xiao Fan is afraid that he can't get the money, and he may even directly win the Bo/Cai company and go out of business, because 54 million in 2000 is really not a small amount. The second is that the butterfly effect will lead to a change in history, if you win hundreds of thousands, millions then you are not qualified to become the butterfly with fluttering wings, but 50 million is possible, this kind of U23 football game 50 million is enough to buy the whole Cameroon team three round-trips.

Therefore, Xiao Fan chose to bet 2 million on China to be the third in the medal table, at least with a high probability of ensuring that he can make an overall profit, because in Xiao Fan's memory, China won the third place in the medal table that year, which was actually quite a lot ahead of the fourth place. Second, China's third place in the medal table is composed of individual events, that is to say, if the event of France winning the championship is a rabbit, then the event of China winning the third place in the medal table is a whale, and the typhoon caused by the butterfly effect can blow away the rabbit but not necessarily the whale.