Chapter 150 Yahoo
There are online Yisou navigation websites, offline air conditioners, chassis, clothing, and three major categories of products have gradually gotten on the right track, and Su Jingzhen's business empire has taken the first step in a staggering manner.
"Su, come and check out this website." Coleman had already come to work in the office on the Upper East Side. Today, Su Jingzhen had just arrived at the company, and Coleman called him to his desk.
"Oh? Yahoo? I know this website, Michelle and Joanna are in contact with them. I think we will meet their founder soon." Su Jingzhen came over and saw that this was not Yahoo, and immediately patted Coleman's shoulder and said.
"No, I'm not meeting them. I mean, the history of this website development is worth learning from. You see, they were like us at the beginning, looking for some popular site addresses. Then at the beginning, they received support from Netjing, so they started to get out of control." Coleman used his special speaking speed to explain his suggestions to Su Jingzhen.
"Oh? You mean let's work with other websites, too? For example Netscape?"
Su Jingzhen quickly understood what Coleman meant, but he didn't agree much in his heart.
"You can also cooperate with American Online or other companies, not necessarily Netscape." Coleman found that Su Jingzhen understood what he meant and said happily.
"It's not the time yet. If we are still very weak, if we work directly with these companies, we will be underestimated. Moreover, others will not look down on small sites like us. This requires us to work harder." Su Jingzhen patted Coleman's shoulder and explained some of his thoughts.
Coleman thought about it, nodded, and realized that now is not a good time to come to find those companies.
"There are some small news in the industry that Yahoo has gone to Netscape and American Online, but these two large companies have not valued Yahoo very much, but I don't agree with it. I think Yahoo's future is very bright, so let's calm down and see the opportunity now." Su Jingzhen added, how much is Yisou worth now? If it is sold, it is estimated that others will not even pay 100,000 yuan. He is not short of this money, so why bother?
However, Coleman's words reminded Su Jingzhen that he had been paying attention to things in Japan a few days ago. How was it like when he talked about contacting Yahoo?
Back in a corner of the office, Su Jingzhen picked up the phone and called Mixueer.
"Hey, is it Su?" Mixuer's slightly breathing voice rang.
"Well, it's me, what are you doing? It seems like you ran to the 28th floor in one breath." Su Jingzhen listened to Mixue'er's breath on the other side of the microphone and was so panting that he asked curiously.
"Here, on the treadmill." Mixueer answered gaspingly.
"Uh, I want to ask, what happened to the matter when I talked about contacting Yahoo before?" When Su Jingzhen heard that Michelle was busy, he stopped chatting and immediately asked the reason for the call.
"Joanna and Citi are following up. I haven't cared about this for a while." Michelle originally had the widest channels, so it's more appropriate to leave this matter to her, but Michelle said that she was busy for a while and threw it to the bank to do it, so there was nothing she could do.
Although Joanna is following up on this matter, she also has her own job after all, so she is a little relaxed. It seems that Su Jingzhen still needs to call the bank.
After finishing the phone call with Mixueer, Su Jingzhen called Joanna first and asked clearly how far this matter is going. He originally thought Joanna would be unaware of it after asking questions.
Who knew that Joanna seemed to know quite well, which was a bit strange. This was different from what Su Jingzhen thought. After asking, I found out that the bank manager now contacted her every day and would tell her whenever there was news.
"Yahoo is in contact with a venture capital company in the past two months. She entrusted Citibank to contact it, but the effect seems to be not very good. The venture capital company that comes into contact with Yahoo seems to have signs of monopolizing." Joanna was working and said what she knew in a few words.
This is the venture capital company? It has such a good vision? Su Jingzhen still admires it very much.
After hanging up Joanna's phone, Su Jingzhen directly called his Citi Private Banking Line.
"Hello, Mr. Su, do you need any help?" The customer service girl's voice was very beautiful, and Su Jingzhen secretly liked it.
"My lawyer told me that there was something unexpected happening when she commissioned Citibank to contact Yahoo in my name? Let me ask." Su Jingzhen expressed his meaning directly.
"Please wait, I will help you transfer to where to your investment manager." The customer service girl did not have the ability to help Su Jingzhen solve this problem, so she could only transfer the phone.
"Hello, Mr. Su, I am Isabella, your investment manager. We are already dealing with your questions. Sequoia Capital and Yahoo have agreed to our intervention and are currently conducting professional valuation accounting for Yahoo." After the phone call went over, he was another woman, but this person was more professional. Not only did Su Jingzhen not need to ask questions again, but he could also give the answers to the consultation questions immediately.
"Hello, Isabella, you don't need to be so polite. Just call me Su." Su Jingzhen was very happy when he heard the good news and was also very polite to the investment manager who announced the good news.
"Okay, Mr. Su, I will briefly explain the current commissioning process. Although the final valuation has not yet come out, we Citi and Sequoia have our own calculation method, which roughly estimates the value of Yahoo to be between 3.5 million and 4.5 million.
Because Sequoia first contacted Yahoo, they had a big appetite and wanted to eat at least half of the shares. However, our Citi is also very strong. After getting your full authority, we reached an agreement with Sequoia.
Regardless of the final estimate, we will get about 20% of the shares, Sequoia will get 40% of the shares, and Yahoo’s founder will have 40% of the shares."
After hearing the investment manager's words, Su Jingzhen tried his best to recall that he did not remember how many shares Yahoo sold during the first round of financing, nor did he know how many Sequoia finally got.
But now I can get 20% of it, so I am already very satisfied. According to Citi's valuation of 4.5 million, I only need to take out 900,000 to join the Yahoo board of directors. There is nothing cheaper in this world than this.
"Mr. Su, as a professional investment manager at Citi Investment Bank, I think I should remind you that there are many such Internet companies now, and they do not have the ability to create profits, which is completely unwise investment.
I think you should pay more attention to other investment products recommended by Citi for you. The profits of these products may not be high, but the benefits lie in stability and insurance. The investment manager found that Su Jingzhen was silent on the phone and didn't know what he was thinking now, so he began to test it with words.
"I don't consider these products with relatively low profits for the time being. You should finish my commission first and don't waste my handling fees." When Su Jingzhen heard this, he found that Citi seemed not optimistic about Yahoo, and immediately became a little scared. This is not possible. Citi must continue this matter resolutely.
"Of course, you have to believe that we are the most professional investment bank. Maybe we can negotiate with Sequoia and Yahoo to get more shares?" The investment manager spoke very quickly, as if what she said before was not what she said at all.
"I look forward to your results." Su Jingzhen decisively agreed with the bank's suggestion and repeatedly emphasized that he must take down Yahoo. Su Jingzhen hung up the phone. It seems that he will call to harass the investment manager every day in the future. It turns out that Yahoo's first round of financing has reached this point, but fortunately it has not been late.
Thinking of the memory that Microsoft once offered to acquire Yahoo for nearly 50 billion yuan, Su Jingzhen's heart was a little warm. Perhaps he could not keep up with these financial tycoons in the second round of financing, but as long as he could retain his stock in Yahoo, the return in the future would be extremely huge, with one percent being 100 million US dollars.
Su Jingzhen turned to look at Donghe outside the window, feeling a little excited, and another solid step.
Author: 2500 words, it is a small celebration. This book has written 150 chapters.
Momoda to be continued.
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Chapter completed!