From Yuan Liang's point of view, there is really nothing to brag about Yahoo now, after all, hyperlink analysis and hyperlink algorithms have been verified by search pioneers such as Yahoo, WebCrawler, Lycos, and Infoseek.

The reason why Yuan Liang said this was just to give Yang Zhiyuan and Fei Luo a step, although Yahoo later failed, but it was the biggest profiteer before the Internet bubble.

The investment value of Yahoo and Netscape, which is an early Internet giant, is worth Yuan Liang's bloody participation.

Yang Zhiyuan and Fei Luo roughly introduced a bunch of nonsense that was useless to Yuan Liang, and Yuan Liang also nodded with a satisfied expression.

In the early days, the Internet itself was selling traffic and concepts, and Yuan Liang did not take it too seriously in terms of technology. If Yahoo does get the hyperlink analysis or hyperlink calculation done, it will have some impact on his future plans.

"I still say what I just said, I hope you can find a breakthrough that is superior to your competitors, whether it is users or technology, these are the values that your site cannot ignore. Tell me, how much investment do you plan to make, and how many shares can you sell? ”

A hint of joy finally appeared on the faces of the two.

Yang Zhiyuan sorted out the language, "Our expenses mainly come from daily expenses and site server rental, and the reason why we are looking for investment is to expand the scale as soon as possible and strengthen Yahoo's core competitiveness."

Yahoo has an average of more than 500,000 daily visits, and we have basically reached half of the current Internet users, so our expectations for Yahoo are still high. ”

Yuan Liang didn't answer, still waiting for a specific distribution plan.

Yang Zhiyuan glanced at Fei Luo and said cautiously, "Our goal for this financing is two million, and Fei Luo and I will each sell ten percent." ”

Yuan Liang looked at Yang Zhiyuan suspiciously, "In other words, your valuation of Yahoo is 10 million?" ”

Yang Zhiyuan nodded firmly, but Yuan Liang on the other side shook his head.

"It's too high, the current Yahoo is not worth the price, not because you have been established for a short time, but mainly because you have not found the core value of Yahoo.

If investing two million allows you to embody Yahoo's core values, then I can give it a try.

Take your site that you collect day and night, why don't you consider a more scientific way to achieve automatic site indexing? ”

Yuan Liang still has to click on these two, the algorithm patent on the search engine was obtained after tens of millions of failures, and it is far from easy for Yang Zhiyuan and Fei Luo to find a breakthrough.

When Fei Luo and Yang Zhiyuan heard this, their eyes couldn't help but light up, as if they had found a direction.

"Then Mr. Yuan, how much do you think the valuation is appropriate?"

"Two million, I want forty percent of the shares!"

"Impossible!" As soon as Yuan Liang's words fell, Yang Zhiyuan Fei Luo hurriedly spoke out against it.

But Yuan Liang waved his hand, "Forty percent is not too much, since you have chosen financing, it means that you have expectations for Yahoo in the future."

But the current Yahoo is far from worth five million. I want this 40% not to affect your future financing plans, and I also welcome other capital to come in, so that we can promote Yahoo to the public faster. ”

The essence of capital is to pursue profits, without the promotion of capital, there is no need for Yuan Liang to invest in Yahoo first, and the capital market is very taboo about people who eat alone.

Fei Luo and Yang Zhiyuan fell silent for a moment, Yuan Liang had a sentence that was very right, the current Yahoo is far from worth five million.

You must know that Yahoo in the previous life accepted the investment of Sequoia Capital a year later, and Sequoia Capital only spent 4 million to take 40% of Yahoo's shares.

"Mr. Yuan, let's go back and think about it first, forty percent is too much."

Yuan Liang nodded, "You can also go to some other VCs to see how much the VCs value Yahoo, and if it doesn't meet your expectations, you can come to me again." ”

"Thank you, Mr. Yuan, for your understanding!"

Seeing Yang Zhiyuan and Fei Luo away, Fang Zhongsheng walked over with a smile.

"I didn't expect Senior Brother Yuan to know so much about the technology market of US imperialism, but I was too worried before." Yuan Liang's point-to-point view of Yahoo really made Fang Zhongsheng refreshing.

But this also made Fang Zhongsheng a little puzzled, after all, Yuan Liang gave Yahoo a lot more valuation than other venture capitalists.

"The Internet is a new thing, it is based on the characteristics of science and technology, and it is easy to become the object of capital pursuit.

Yuan Liang actually wanted Fang Zhongsheng to come to his own investment company, but the current heat was obviously not enough.

"Certainly, I will help you implement the registration of your Ginkgo Investment as soon as possible, and I will not delay your investment this time." In Silicon Valley, I have been exposed to a lot of investment cases, and in Fang Zhongsheng's view, Yahoo's investment this time has been secured.

"Trouble Senior Brother Fang, by the way, I don't know if Senior Brother Fang has any research on the stock market?"

"Senior Brother Yuan wants to do stocks, which aspect?"

"Futures, heavy metals!"

"In our industry, there is no futures that is not studied, but the market for heavy metals is now rising wildly, and the Federal Reserve has been moving frequently recently, and I don't recommend you to get involved at this time before the situation is clear."

Yuan Liang shook his head and said, "I have my own considerations, let's talk about it then, Senior Brother Fang can pay more attention to the transaction information of non-ferrous metals during this time, and I may need Senior Brother Fang to help me after a while." ”

The qualifications of the investment company have not come down, and the impact of the Fed's continuous interest rate hikes before June has not subsided, and it is not yet the best time to enter the game, Yuan Liang is not in a hurry.

"That'll do!" Seeing that Yuan Liang had made a decision, Fang Zhongsheng did not persuade him again.

After Fang Zhongsheng left, Zhang Shuxin couldn't help the doubts in his heart, "Do you really want to invest in futures?" ”

"Senior sister also knows about this?"

"I don't know very much, but since the beginning of the year, the Federal Reserve has raised interest rates three times, more than once, obviously to prevent the domestic people's assets from flowing into the capital market again. And this year, the price of heavy metals such as copper and aluminum is higher day by day, is it too risky for you to go to heavy metals again? ”

No wonder Zhang Shuxin went to invest after the fall of Yinghaiwei, it seems that she still has a certain insight in the investment field.

But Yuan Liang shook his head again, "If Senior Sister wants to persuade me, you must first understand the background of the Federal Reserve's interest rate hike this time." Since the beginning of the '90s, there has been an impressive flow of international capital, with the amount of private capital flowing to developing countries soaring from $40 billion in '90 to $160 billion in '93.

As a result, the market capitalization of global public companies has almost doubled in the past few years.

The purpose of the Fed's interest rate hike is to keep the dollar in the pockets of the US imperialists and prevent the phenomenon of overheating of overseas investment. The effect is also obvious, after three rounds of interest rate hikes, US imperialism's overseas investment so far this year is 5 percentage points lower than last year.

But the American imperialists still have money in their pockets, and they are not used to keeping money in the bank, so the stock market seems to have become their only choice.

The rise of copper and aluminum is far from the end, senior sister look at it, the next round of interest rate hikes by the Federal Reserve will inevitably prompt the prices of copper and aluminum to rise wildly again. ”

The return of capital from outside the borders of US imperialism in '94 was actually just preparing for the Internet bubble a few years later.

However, this capital repatriation also hurt Mexico's old iron and directly led to the outbreak of the financial crisis in Mexico. This crisis has also become a rehearsal for the Asian financial crisis.

And all this also broke out in the last few rate hikes by the Fed at the end of the year.

"Do you still know about the world economy?"

"Senior sister, don't forget, business administration and economics are linked, and this time I am a professional!"

Zhang Shuxin couldn't help but look at Tang Shuchen next to him when he heard this, as if he was asking her for confirmation.

But Tang Shuchen shook his head, "Senior sister, don't look at me, he's a freak, the devil knows where he learned these things!" ”