Fight to the third generation

He just said that the meeting will be held at 04:30, just to save some buffer time and find a good way to adjust the status of employees.

The situation is worse than expected.

To put it bluntly, one lacks high pressure, the other lacks motivation, and the third lacks fear.

Most of these executives don't have to worry about money anymore, and the quality of the company has little to do with them.

Moreover, they promised not to lay off employees during the acquisition. Even if the layoffs were made, they would have to pay enough compensation. Taking a step back, even if they were fired, they would not worry about job opportunities. There are currently tens of thousands of entrepreneurial teams in Silicon Valley, and there are not enough talents.

Coupled with meeting a boss like Su Yehao, and these old-fashioned employees who talk about freedom all day long and like to enjoy it most, ICQ has become a pond for fishing.

Makes a big head.

So Su Yehao didn't want to start his own business at first. Doing business means a lot of troubles. How can it be easy to invest in stocks and manage money...

Chapter 358 Sense of Crisis

He clearly sensed that there was something wrong with the company's atmosphere, but Su Yehao didn't panic at all.

He knew that his abilities were limited, so he continued to do the same thing...call and shake someone for help.

Another McKinsey consultancy.

Ever since he visited Meidi Group at the beginning of the year and saw that Dad used the talents of the consulting company to complete the reorganization of the business department involving thousands of people, Su Yehao's "management level" has improved all of a sudden.

Tax issues are handed over to accounting firms, legal issues are handed over to law firms, information checks and company rectification are handed over to consulting companies, and financial service providers such as Goldman Sachs can also be found for help in foreign acquisitions and investment, plus one-stop headhunting The talent acquisition service is basically stable.

Su Yehao's personal management level is indeed not that strong, but he has the ability to make money, and he is also very good at doing work and being lazy.

Different from the usual headache doctor, he is going to make a major rectification in ICQ this time, so that the employees will not be in awe, lie on the credit book and regard the company as a nursing home, and the office atmosphere has obviously changed.

As long as there are radishes, there must be big sticks.

When he sat in the conference room and called more than a dozen executives to a meeting, Linda Yun sat beside him and acted as an interpreter.

These ICQ "old men" didn't think so at first, but they only heard that Su Yehao made a big move as soon as he came up, and told him calmly:

"I have already contacted McKinsey, and there will be some big moves in the future, including the transfer of a group of people to work in European and Asian branches, and the reclassification of employee levels. Among you, some people may be transferred. The same goes for other employees."

Previously, ICQ was mainly developed in the United States. With the enrichment of social products, it is reasonable to subdivide functions for different regions.

Some people may like to change their working environment, but the vast majority of people do not want to be sent thousands of kilometers away at once. Hearing his words, many people can't sit still.

A deputy product director wearing glasses suddenly felt that his position was very dangerous, and he just bought a house in Palo Alto near the company. Will like to be transferred, and asked decisively: "Drop people from the company? Why don't you recruit again?"

Su Yehao said naturally:

"Because old employees understand our products and development concepts better, the evaluation work will start soon. Talents who are important to the headquarters will be given priority to stay. In addition, I plan to get Give out no less than 5% of the shares and reward outstanding employees. This will start after the rating is completed, and you all have a chance.”

As soon as the big stick was struck, a carrot was thrown out immediately.

Equity rewards have always been the best way to stimulate the enthusiasm of employees. It can not only mobilize enthusiasm, but also make employees feel more belonging, and firmly tie talents to the carriage.

Anyway, ICQ is going to be listed in the future, and the number of shareholders needs to meet the mandatory standard. Sooner or later, it will be considered to disperse part of the shares.

Judging from the current situation of ICQ, it is not too late for this kind of matter.

Hearing this, no one really bothered about the trouble of transferring to the branch anymore, with smiles on their faces.

The CEO, Andrew, knew that Su Yehao had just met Ryan, the operating officer. At this moment, Andrew thought that Ryan knew something, and gave him a puzzled look.

Ryan, the operation officer, understood and shrugged helplessly.

Several of their newly appointed executives were directly excluded from the decision-making by Su Yehao this time, which clearly showed that they were dissatisfied with the current situation of the company.

After thinking about this point clearly, CEO Andrew started to feel hairy, and began to reflect on whether he had been slack recently, and the answer was yes.

Andrew is in his 30s. He received $450 million in cash from the acquisition of ICQ. Not only did he buy a new yacht, a new house and a new car, but he often went to bars with his friends at night. The days are booming.

People like him who benefited from the acquisition can be found everywhere in the ICQ headquarters. At this moment, Andrew has vaguely realized that the so-called old employees know more about the company's products, and it is likely that they are trying to make room for newcomers.

Coupled with the introduction of employee classification and the option reward system, passive slack will only be quickly marginalized.

There is no way, Su Yehao holds the absolute controlling rights.

Other professional managers can find a balance among shareholders, but Andrew and the others can only listen to Su Yehao's arrangement...

Meetings in English, of course, the shorter the better.

After talking about these two things, Su Yehao only asked the development department to come up with new products as soon as possible, and then let everyone get busy.

The CEO, Andrew, originally wanted to get close to Su Yehao, but a group of people pestered him with questions, wanting to know the details about the stock rewards.

It was embarrassing for Andrew. After all, he had just heard about it. He only replied that the specific arrangements still need to be discussed, and the results will come after a while.

Although flustered, he didn't show it.

Once it is known by others, he, the CEO, will be excluded by the major shareholders, and the future work will be difficult...

come back to the office.

Su Yehao took a sip of tea first, and laughed at himself: "My scumbag English, it's best not to hold meetings in the future, it's almost like a public execution."

"It's good. Although there are a lot of grammatical mistakes, you can still understand it if you listen carefully." Linda Yun comforted him, took the cup to add hot water, and continued to smile: "I'm afraid you are so frightened. I can't get the shares, and I was transferred to work in other countries, so I will only listen to you obediently in the future."

All the power is in his hands, Su Yehao shook his head and said with emotion:

"The working atmosphere in Silicon Valley is too relaxed. It happens that there are still some positions. It is best to find a few Japanese and Indians to fill them in. As long as they give enough benefits, they will be more obedient."

After saying this, Su Yehao suddenly wanted to understand why there are so many Silicon Valley executives of Indian origin in later generations. They may have the same idea as him.

Divert the topic.

Su Yehao asked Linda Yun, "Wait for the people from McKinsey Consulting to give you a few days off and go back to San Francisco to meet old friends? Parents and relatives are also in San Francisco, right?"

"...Okay, let's talk about it after your work is done. You have to arrange for someone to clean the swimming pool, and you have to go to the TVT headquarters. There are a lot of things to do."

"With Lao Zhou's help, TVT should not be bothered. Remember to say hello to the headhunters, and give priority to recruiting some Chinese students, especially overseas students from the Mainland, Hong Kong City, Macau, Taiwan, and Singapore. They want to stay in the United States. You can only keep your job with your heart, and it feels easier to manage."

Su Yehao turned on the computer and checked today's stock price trend. In the evening on the west coast, the market closed early in the east.

Yahoo's stock price rose another 11%. The first half of the year's financial report has come out, and it has earned tens of millions of dollars.

Seeing the beautiful curve chart, which went up for several months, Su Yehao didn't feel sorry for the 5% ICQ shares he was going to release, but began to regret that he cut off some options positions a while ago, and lost two private jets... …

Chapter 359 Marginalized Small Business

With a carrot and stick in one hand, the effect is immediate.

The McKinsey team hadn't arrived yet. Su Yehao went to the ICQ and TVT headquarters every day, and he could clearly feel that these employees were much more honest.

Both companies have plans to go public, but they may not be able to catch up with this round of Internet bubbles. The main reason is that even if they are forced to go public, they may not be popular, and there is no time to accumulate.

Considering that after the madness is over, the market will probably stop for a few years. Su Yehao is no longer in a hurry to go public to collect money, and he continues to focus on hitchhiking, and uses some funds to increase leverage. listed companies.

His net worth rose again and again, including TVT's valuation, he already has a net worth of around 3 million US dollars, most of which he earned from the Nasdaq market. During this period, the profit from option positions exceeded In addition to the benefits brought about by the rise in the stocks he holds, he has earned more than [-] million US dollars in the past month or so, which is equivalent to getting back the money from the acquisition of ICQ.

Su Yehao's net worth seems to be quite different from that of many super rich in the technology circle.

But you must know that this is only his achievement in just over a year, which is enough to shock people's jaws.

In other industries, it is impossible to make so much money in such a short period of time, but in the current Silicon Valley market, there has already been a wave of wealth creation myths.

For example, Bill Gates, whose net worth has increased by more than 20 billion U.S. dollars this year, and Yahoo founder Yang Zhiyuan also earned about [-] billion U.S. dollars this year, the rich list has been reshuffled, and the rankings of many old-fashioned rich people have fallen.

It’s only mid-July, and the hot weather can’t overwhelm the wild ambitions of investors. Many start-up companies can get millions of dollars in investment funds with a single proposal. It’s no wonder that TVT’s valuation has risen rapidly.

Since ICQ was acquired by Su Yehao and spread the news that it has found a profit point to the outside world, ICQ's valuation has reached about 5000 million US dollars, but it has not yet planned to accept financing, so the valuation is just a figure.

In recent days, Su Yehao was brought by John Zhou to a small party and met many new friends in the local area.

Hearing how easy it is to find money from others, if you want to get 1000 million, it's not enough. Investors have to raise 3000 to [-] million US dollars. This is a reminder to Su Yehao.

Although there is no rush to go public, but as soon as possible to pull together the two companies in hand, you can take advantage of the hot market and go around shouting for a sum of financing to come back.

Once the funding problem is resolved, it is estimated that in the next few years, I will not have to pay out of my own pocket to worry about the company's expenses.

Wouldn't it be nice to borrow chickens to lay eggs?

If the skin is thick enough, after the bubble bursts and the valuation drops, there is still a chance to buy back the transferred shares at a low price, and the price difference may be as high as hundreds of millions of dollars.

Thinking of this, Su Yehao approached the newly appointed interim CEO of TVT Roger Cruyff, smiled and said that he would provide him with another 2000 million US dollars, and no matter what, he must find a way to increase the number of users of the product.

Membership, virtual goods, advertising and other profit points can also be prepared to launch, and strive to make the revenue data more beautiful.

……

Sunshine, grass, beach chairs, blue outdoor swimming pool.

On July 22nd.

Su Yehao was wearing big underpants, lying under the umbrella, drinking smoothies and eating watermelon.

Nong Qingying was wearing a long skirt, sitting beside her and looking down at a book, she was still saying:

"Damn it, I'm afraid you'll be busy. Seeing how free you have been recently, isn't it equivalent to changing your health? Silicon Valley is really boring, or let's go back together. It just so happens that the day after tomorrow is my mother's birthday."

"Ugh."

Su Yehao put the cup away, put his arm under his head, sighed and continued: "I never thought that the business I was optimistic about would be so unpopular. Looking around except America Online, no one is competing with me. Advertisement The delivery effect is also very good, you can’t go to the company every day and just be in a daze from work to get off work, right?”

"...Your competitor was acquired by you, isn't it? Continue to compete with AOL for the market."

"Isn't this a rush? Besides, their paid chat group is doomed to a dead end. I can't afford to spend money on them. What can I do?"

Su Yehao looked lazy, closed his eyes, and was so comfortable that he was about to fall asleep.

His so-called "unpopularity" means that there are not many teams starting businesses in the instant chat field, and he can see some occasionally, but they have not yet developed.

Too strong, the total market value of AOL is almost 500 billion US dollars.

Weak and too weak, they are all small teams who don't know if there is a tomorrow.

In this situation, TVT’s life should not be too easy. After coming to the United States for a week, with the blessing of advertising and drainage, TVT’s daily active users increased by more than 8, and the growth rate is still expanding. Word of mouth has attracted many new users. .

Some users were still snatched from ICQ, which is equivalent to changing the left hand for the right hand, and did not flow into the field of outsiders.

The reason why the instant chat market has not been paid attention to is nothing more than the dark future. Even a company like ICQ with 700 million users is not worth a fraction of the market value of Cisco and Yahoo. It also burns money to attract users and sees no return .

With this precedent, it is clear that entrepreneurs can't see that investment institutions have also given up on ICQ, treating it as a niche market that will die at any time.

In fact, AOL's paid group chat alone is not worth that much money.

The reason why this company's market value is so high is that it is mainly supported by businesses such as online communities, online news, and information services. Now it claims to have 2000 million users, and it is very close to advertisers, which makes people think it has a bright future.

In short, America Online is a large conglomerate, and the paid chat rooms that Su Yehao cares about are only a small part of its many businesses, and they are worth about 15 billion US dollars at most.

The ceiling is here, and the process of attracting users is particularly expensive. It is no wonder that entrepreneurs in Silicon Valley dare not enter this business.

Part of the reason why ICQ has accumulated 700 million users with its simple functions is that no one is competing with it, and the space for users to choose is too small. It was so small that it was almost only ICQ before, and recently TVT was added.

After Roger Cruyff took office, after researching, he only found a few suitable advertising spaces in his personal space, no matter how easy it was to be disliked.

The disadvantages are obvious, and how to realize it is a difficult problem.

Su Yehao has been sending people to find a suitable game development team recently, and at the same time pays attention to search engines, browsers, video software, news websites, etc., in order to find a way to convert the customers accumulated by instant chat software into companies through drainage. income.

Su Yehao was not in a hurry because he didn't have a clue for a while. Anyway, investment is the big one, and he can support it here.

Eighth day in Silicon Valley.

There is no imaginable massacre, and the company has nothing to do.

Hearing from Nong Qingying that he wanted to return to Hong Kong City, Su Yehao also felt that it was meaningless to continue to live here for the elderly, so he simply agreed to go back together...

Chapter 360 Nangong Family

It's a long journey of more than ten hours.

Leaving Nong Qingying near Central, Su Yehao returned to the casino by boat.

late July.

The summer vacation is not over yet, Nangong Tian, ​​Yin Liuli and the others are in the casino, so Su Yehao naturally wants to go back and have a look.

Arriving at the entrance of the Queen's Court Club, she called Nangong Tian.

Her home is located on the top floor of the entertainment department, with a residence in the middle surrounded by rooftops and transformed into a garden. It is a bit like Su Yehao's top-floor mansion in Shangfeng Shangshui community, with an area of ​​more than 400 square meters.

It is convenient to live upstairs and do business downstairs.

After making the phone call, within a short while, I saw Nangong trotting out the door, not caring about being seen by acquaintances, and just ran "ahhhh~" trotted, opened his arms and jumped up, hugged Su Yehao's neck and said coquettishly: "Hao! Brother, when did you come back? You didn’t even tell me, is it a surprise?”