Chapter 106: Making Up Your Mind to Sell Quora

Hu Zhengming had never thought of forming an association before, and to put it bluntly, his coffee position was not enough.

Not enough, at least for now. Science and engineering scientists and scholars in other fields are socially awkward. Moreover, the research of science and engineering needs to think, and the communication with peers can bring you inspiration, which still needs to be combined with your own thinking to create value.

Thinking is greater than communicating. Humanities and social sciences scholars also need to think, but the role of communication will be greater.

The founding of the Committee of 100 was also cleverly timed, when many people gathered in I.M. Pei's office to talk about the Chinese issue, which is why the 100 people were formed.

Compared with I.M. Pei, Hu Zhengming's fame is still a big step behind.

The more important reason is that it takes money to form an association, and it takes cash flow or a large amount of money to keep an organization running.

In the early days of the association, the association needed a funder, and it was possible to collect membership fees from members, but this kind of association of experts in the field of science and engineering, to put it bluntly, everyone had no money, and the membership fees that they were willing to pay to join the association were extremely limited.

The membership fee of the Committee of 100 is only $1,000 a year, and the initial membership fee is a drop in the bucket to keep the organization running, not enough for the annual salary of a staff member.

Therefore, after Zhou Xin's proposal, Hu Zhengming thought while talking, he realized that he and Zhou Xin wanted to do this, there were natural advantages, and the only disadvantage was that he was not famous enough.

Hu Zhengming thought for a while and then said: "In this way, it is not enough to have only the two of us, I will contact a few of my friends in the next two days, and then I will invite them to come to San Francisco, and we will discuss this matter together." ”

"Now it's just the two of us, which is obviously not enough, and the two of us can take into account the narrow surface."

Zhou Xin asked weakly: "Professor, which big bulls are you going to invite?" ”

Hu Zhengming was a little puzzled: "What big bull?" ”

Zhou Xin explained: "It is a top scholar and expert. I like to use the cow to describe a person who is powerful and angry.

The calf is the average cow, and the big cow is the top cow. ”

Hu Zhengming said with a smile: "So that's what it means, I plan to call Qiu Chengtong and Zhang Zhongmou."

Naruki was a Ph.D. at Berkeley like me, and he and I entered Berkeley for my Ph.D. in '69.

He was more talented than me, he got his PhD in two years, it took me four years, and we kept in touch.

Cheng Tong is a top scholar in the field of mathematics, he is indeed a big bull, he has not joined any organizations, and at the same time he is very interested in exchanges between China and China, I plan to ask his opinion.

In addition, Zhang Zhongmou is the chairman of TSMC, he is an expert in the field of integrated circuits, and he is also a first-class entrepreneur. ”

Before Liang Mengsong and TSMC fell out, Hu Zhengming and Zhang Zhongmou had a good relationship, and Hu Zhengming also left Berkeley for a time to work as the chief technical expert of TSMC.

Hu Zhengming seemed to remember something: "I can also go to Tsung-Dao Lee and Ding Zhaozhong, Yang Zhenning is a member of the Committee of 100, and Tsung-Dao Lee and Yang Zhenning have always looked at each other wrongly.

So Lee Tsung-dao didn't join the 100-person club, he should be interested in this, but I don't know him well, so I have to find someone to match him in the middle.

I hadn't come to Berkeley when he was working at Berkeley, and by the time I did, he had already gone to Princeton. ”

The contradiction between Lee Tsung-dao and Yang Zhenning mainly lies in the order of signing of the joint papers.

"Yes, then I have more confidence in running this association." Zhou Xin calculated in his heart that he would not give TSMC a beating at this time.

It's just that for Zhou Xin, the only problem now is that he has too little money in his hands.

This amount of money is more than enough for a personal life or if you want to do a little thing.

But when it comes to starting a business in the semiconductor field, this money is a drop in the bucket.

"It looks like we need to find a good buyer for Quora as soon as possible." Zhou Xin thought to himself.

Mainly Zhou Xin remembered that Lin Benjian was about to join TSMC in the bend, and developed 193nm immersion micro-imaging technology in just two years.

Lin Benjian worked at IBM for 22 years, and then started his own business, joined TSMC in 2000, and made great contributions to the breakthrough of the lithography machine process after joining TSMC.

Zhou Xin remembers the specific time very well in 2000, only half a year away from 2000, Zhou Xin plans to use the association to get acquainted with Lin Benjian first, and then invite him to start a business and set up a company specializing in lithography machines.

At the same time, he used his relationship with Zhang Zhongmou to provide the lithography machine they developed to TSMC for use.

Engaging in lithography machines is not something that can be done with a little money.

In 1999, ASML had 3,700 employees worldwide, and the labor cost alone was about 700 million euros a year.

Sales in ASML1999 are 1,197 million euros, net income is 81 million euros, and labor costs are expected to be around 700 million euros.

Zhou Xin has not been engaged in a similar industry before, but he expects to prepare at least $500 million in cash to start.

As for raising other people's money, he has no intention of doing so, because once there are other investors, then these investors will have requirements for profit, and they will not have the patience to wait for the growth of the company.

Of course, they are not like Zhou Xin, and the full-picture perspective is also an important reason.

Selling a company, or a company of Quora's size, is not so easy, and the first thing to do is to prepare for tax avoidance.

As for tax avoidance, after learning that the tax on the sale of Riot Games was so high, Zhou Xin had a plan, and he specifically consulted with a tax consultant.

With his status, and the huge amount of money from the sale of Quora, he has to pay at least about 20 percent in taxes.

However, if you don't take this money for nothing now, you won't be able to get a billion when the Internet bubble bursts.

Secondly, the buyer definitely needs to do a full audit before making the payment, which is at least three months.

Therefore, when Zhou Xin planned that Hu Zhengming would contact Zhang Zhongmou and Yau Chengtong, he would immediately find a good buyer for Quora.

Zhou Xin nodded: "Okay, professor, don't worry if you contact me." ”

Hu Zhengming: "I'll get in touch first, and then we'll get together in San Francisco to discuss the establishment of the association."

You've been putting more time into the lab lately, and you've been writing at least one paper for me this year as well as last year.

Although the president told me that you can graduate as much as possible so that you can complete your Ph.D. at Berkeley, you can lower the graduation requirements for you appropriately.

But I'm not going to let it down. ”

Zhou Xin thought to himself, the old man really won't put water on this, and in order to get a doctorate in later generations, I feel that people have taken off a layer of skin.

"Bill, I plan to sell Quora as a whole, including Quora and Quora Encyclopedia." Zhou Xin found Bill Gates first.

Only he can open a high price, and with Microsoft's deep pockets, it is easy to open a 10 billion.

Zhou Xin continued: "I have a total of about 87% of Quora shares, and I plan to sell all of them, do you want to take them over? ”

In Bill Gates' villa in Seattle, Bill Gates' face was full of surprise: "Are you really planning to sell?"

Isn't Yahoo Q&A a not a threat to Quora in the slightest?

When I look at Silicon Valley News, Quora has become the second-most visited website in the United States, behind Yahoo.

Quora should break even, right? I answered three questions above and have already brought me $150,000 in earnings, and Quora is going to take $120,000 out of them. ”

Bill Gates 150,000, 150,000 questioners, a total of $300,000, Quora 30 percent, 30/7*3, almost 120,000.

"Paid Q&As on Quora are so active that Microsoft's business investment department has estimated that Quora has definitely achieved breakeven and even achieved a large profit.

Why is such a good company in a hurry to sell? ”

There must be a demon when things go wrong, although Bill Gates doesn't know this sentence, but he understands this truth.

Zhou Xin explained: "Quora is a good company, I can tell you that it has achieved profitability, and if you really want to buy, you can find KPMG or Deloitte to do an audit."

No problem to pay later.

Simply because of my limited energy, I plan to start a business in another field, which requires a lot of capital investment, and I am very short of money right now. ”

Bill Gates said directly: "If you are short of money, you can talk to any investor at any time."

From Silicon Valley to Wall Street, no investor could say no to Newman.

Oh, I've got a lot of friends on Wall Street who are talking in my ear, can you introduce Newman to me, and we want to invest in Newman's projects. ”

The investment world is always like this, chasing success, the more successful it is, the easier it is to get investment.

With Zhou Xin's record of winning 100 battles, it is enough for him to release his name, and he doesn't even need to tell investors the name of the project.

Zhou Xin reminded him of the bitter hahara investment in his previous life, and specially recruited a public relations expert, to put it bluntly, he can drink and dare to drink, and he is happy to be able to drink the gold owner.

"My new venture is a physical project." Zhou Xin said.

Bill Gates raised his vigilance: "You don't want to be a game console too, do you?" Are we going to battle it again on the console battlefield? ”

Backed by Riot Games, Bill Gates really doesn't have the confidence to go head-to-head with Zhou Xin on the track of video games.

Microsoft's advantage is money, and it is so poor that it only has money.

Yahoo also has money, and when it comes to the battle formations in specific subdivisions, the effect that money can play is very secondary.

Zhou Xin laughed inwardly, it seems that the battles he and Yahoo have fought have made Bill Gates afraid.

The main Microsoft did not beat Yahoo in the portal space, and Yahoo did not beat him in the Q&A community and the gaming community.

"Don't worry, I have no plans to make a game console in the short term.

And I'm starting to make game consoles now, and it will take at least three years to come up with the finished product, and your project was approved much earlier than me.

With the advantage of time and money, I didn't want to compete with Microsoft in this field.

I plan to do consumer electronics, like Philips, mobile phones, TVs, computers, etc.

It's expensive, and I've never proven myself in this field, and there may not be any investment institution willing to put money at me. ”

Tsung-Dao Lee and Chen-Ning Yang co-authored two papers, the general title of which is "Statistical Theory of Equations of State and Phase Transitions", the first "Condensation Theory" is signed by Yang Chen-Ning and Tsung-Dao Lee, and the second "Geqi and Ising Model" is signed by Tsung-Dao Lee and Chen-Ning Yang.

After the completion of the first paper, it is customary for collaborators to sign their names in alphabetical order of their surnames, which should be "Tsung-Dao Lee and Chen-Ning Yang". However, Yang Zhenning suggested that if Lee didn't mind, he wanted to be at the front because he was four years older than Lee. Lee was taken aback by this request and reluctantly agreed.

In the signing of the second paper, Lee Tsung-dao persuaded Yang to change it according to international practice.

Here, the content copied and pasted from Baidu Encyclopedia will not be put into the text.

(End of chapter)