Fight to the third generation

CEO Roger, immediately stated:

"Yeah, everyone is busy recently. I often accept interviews with financial magazines, which is equivalent to publicizing roadshows in advance. Goldman Sachs told me that the subscription volume may exceed expectations, and Lehman and Blackstone are also providing help. There will be problems."

Hearing the words "basically there will be no problems", Su Yehao always felt unlucky.

According to the famous Murphy's Law, if you speak too early, you will be slapped in the face, but this time Su Yehao strives to be safe, and spends a lot of money in the listing process. No matter the accounting firm or the legal consultant, he hires the best, as well as the top consulting company. The team is responsible for assisting.

Do your best to do what you should do, and the risk is indeed relatively small.

It has to be said that after this preparation for listing, Su Yehao only felt that it was very convenient for high-tech companies to list on NASDAQ.

In the case of Yanwen Group, the mandatory requirement is only to have a market value of 500 million US dollars, and it does not even need to be profitable. In addition, there are at least 110 million shares held by the public; the value of public shares reaches 2000 million US dollars; No less than five dollars to enter; at least four market makers, etc.

For companies with the strength to go public, these conditions are not difficult.

What is really difficult is the road show. It is necessary to find enough investors, which means that the opportunity to screen potential stocks is handed over to investors.

With its status in the instant chat and social platform industry, Yanmoji Group has proved its strong development potential through games, virtual goods, and advertisements in recent months.

More importantly, through a series of recent mergers and acquisitions, people have seen the value of Yanwen Group in the field of venture capital and private equity investment.

At the end of last year, Su Yehao provided a sum of funds to successively acquire and participate in more than a dozen large and small game companies. Facts have proved that with the introduction of users, their development has grown by leaps and bounds.

The same example also appeared in other companies, the most typical one is Google.

Although Google's user scale is still very small, at least compared to Yahoo, it seems very small, but its high-speed growth has already stood out from a group of start-up teams.

Just last month, the "Wall Street Journal" also commented on it, saying that it has the opportunity to become the next Yahoo.

Su Yehao didn't care too much about this listing. From the very beginning, he planned to stockpile food for the winter. If he was lucky enough, he might meet a few people who were taken advantage of and sell some shares at a high price to make a fortune.

According to Nasdaq's rules and regulations, there is a certain lock-up period for original shares, but only the secondary market is restricted, and there is still the possibility of trading in the primary market.

but.

Those who have the strength to take over the offer often mean that they are more powerful. Once the shares are transferred, it is more difficult to buy them back.

Su Yehao knew this very well, so he only planned to take one step at a time.

If you sell part of the shares of Yanmoji Group, hold cash and wait for the stock price to fall, and then use the money to allocate some other high-quality stocks, such as Amazon and Apple, it seems to be very good, and you can take the opportunity to expand your influence and diversify investment risks.

Finish eating.

I went to a pub again and listened to the band playing guitar and singing.

Yin Liuli's English proficiency is really mediocre. She did not graduate from university and is not an English major.

Seeing Su Yehao chatting with his executives, she just sat there quietly and listened to the music, not feeling bored at all.

Unlike drinking to death with friends.

On Laomei's side, ordering a bottle of beer can sit all night, mainly chatting...

Chapter 477 Segmentation and Platform Advantages

The listing of Yanwen Group is temporarily stuck in the approval process.

Judging from the current news, there should be no problem, just be patient and wait.

The four market makers that Su Yehao found this time were Goldman Sachs, Lehman, Morgan Stanley, and Blackstone Group. Among them, the team of Goldman Sachs led the IPO and had rich experience.

What should be done by Yanwen Group has almost been done.

At this stage, the pressure is on Goldman Sachs Group. Once the listing fails, Goldman Sachs will have no money to make. Instead, it will have to pay a certain amount of liquidated damages. It will definitely take a lot of effort.

In fact, with the scale of the newly formed Yanwen Group, as long as it does not risk its own life, it is almost certain to be listed on NASDAQ.

An "veteran leader" in the instant chat industry, ICQ, plus the upstart TVT in the past year, this combination is enough to catch the attention of bloggers, and the more than 2000 million active users alone have already attracted the attention of investors. A host of potential investors.

According to Roger Cruyff, including Japan's Softbank, the UAE Sovereign Fund, Norway's Sovereign Fund, and the US Fidelity Fund, etc., they have sent people to contact them, conduct on-the-spot investigations and research, and understand the Yanmoji Group Next development plan.

Except for Softbank.

The other three companies mentioned by Roger are all well-capitalized giant whales, much more powerful than predators, and involve tens of millions of dollars in funds. Before investing, it is a routine operation to send people to the door for investigation. .

Long-term strategic planning is extremely important for an Internet company. Only by finding a correct path can we ensure that there is room for growth in the future.

Stay in the little bar drinking beer.

At this time, Su Yehao asked: "They sent people to visit the door, what's the result?"

John Zhou was full of smiles, he hadn't seen him for half a year, and he looked a little rounder. After getting rich, he looked much younger, and he was in good spirits on happy occasions.

He told Su Yehao: "It goes without saying, of course we are quite satisfied with our plan! Boss, you are worried that we will take a detour, and arrange a survey by McKinsey Consulting Company every quarter. It has spent a lot of money, and it is definitely not in vain."

CEO Roger also nodded, the interface said:

"That's right, combined with the actual performance, the strategic plan suitable for us is already clear. We are an instant chat software, and the advertising business is not as good as the search engine, and the game business is not as good as the professional game company. Before the boss, you suggested to develop into the online shopping industry. Evaluation Wan also found that the funding gap was too large to compete with eBay, Amazon and other professional companies in the focus field.”

"It seems that everything can make money, but the fact is that they are not proficient in everything. Those companies often divide specific customer groups and then make money from them, thus reducing potential customers. The advantage of our company is that it covers a wide range, with 2000 Millions of active users."

"Once you enter a specific industry, you will have direct competition with them, and cooperate with these companies to attract customers for them, build a platform, make money from these companies through value-added services, and take the opportunity to invest in some companies with potential. , does not involve specific management.”

Knowing that Su Yehao's English level was so-so, Luo Jie slowed down his speech on purpose, and tried his best to speak correctly.

John Zhou spoke at the right time and added:

"Yeah, Amazon has cooperated with us and has put in more than 400 million dollars in advertising this year. It is too hard to enter the subdivided field by ourselves. We serve these Internet companies and are sitting at home waiting to make a fortune. Those who sell oil know us The ambition of my mouth keeps saying, Yes, Good."

"..."

As the boss, Su Yehao was a little confused after hearing this.

After pondering for a while, Minrui realized that during his absence from Silicon Valley, he might have overlooked some important document—the strategic planning plan given by McKinsey Consulting Company!

According to his habit.

Of course, he thinks that direct investment is better than building a platform. After all, he knows which companies have the opportunity to grow and develop in the future.

but.

After listening to the two singing and talking, Su Yehao suddenly felt that instead of letting the Yanwen Group make enemies in all directions, it seemed that it was indeed better to focus on building a platform.

Visually speaking.

If Kaomoji Group does online shopping, will Amazon still send money for advertising?Isn't it equal to being an enemy?

So does Yahoo.

ICQ and TVT are not search engines themselves, so they are willing to advertise and use Google's rising platform to curb Google's development.

However, once the Kaomoji Group and Google are bundled, I am afraid that Yahoo will also decisively give up cooperation to avoid sending bullets to potential competitors.

Even if Su Yehao is a shareholder of Yahoo, it's useless. After all, he is only a minority shareholder in Yahoo, the kind who doesn't have much say.

Su Yehao realized that he almost entered a misunderstanding.

At first, I always thought of using the traffic of instant messaging software to attract traffic for my own products. This is indeed profitable, but it is tantamount to giving up a big piece of cake and curbing the development of the Yanwen Group.

The Internet companies in Silicon Valley have already been subdivided, which is different from the situation in the mainland.

If everyone learns from the development model of penguins, it is almost like digging their own grave, and it is easy to arouse public outrage and be surrounded by others.

It took a while to get my head around the idea.

Su Yehao took a sip of wine and said:

"...That's right, continue to follow your pace. You can't lose the online game, and you can also make some new products, such as video websites."

It seems to be just a trivial strategic positioning, but it may involve tens of billions, or even hundreds of billions of calculations in the future.

Su Yehao maintained a cautious posture.

I feel more and more that building a platform to help third-party Internet companies through their own traffic and making money by providing various value-added services is a very clever new direction.

Thinking of going home, I called up the McKinsey document and took a closer look.

ICQ and TVT are developing in the field of instant chat and social platforms. The previous disadvantage has always been that they can't find a direction to make profits. They seem to be able to do everything, but they are not proficient in everything.

However, this also seems to be a natural advantage.

I have seen giants such as Penguin and Abba playing cross-border and monopoly, so I naturally thought that they could be copied.Now look at the group of giants on Nasdaq, which one is easy to mess with?

If you want to cross-border, you can only aim at emerging fields that have not been paid attention to. If you are reckless and touch other people's cakes, the outcome will probably not be too good.

Gradually figure out the key.

Su Yehao realizes that it is difficult to create an Internet ecological chain in the world market, but this does not prevent him from investing in other companies.

Take the independent Google as an example, it’s okay to spend money to advertise on Kaomoji Group.

But Google can advertise, and it can't exclude other peers, which is equivalent to leveling a bowl of water and avoiding the fear of others.

However, if someone develops into the instant chat industry, no matter how much the Yanwen group suppresses it, it seems that it is not an exaggeration. It is just a legitimate business competition, and no one can find fault.

The bistro was dimly lit.

John Zhou, who was watching the girl dancing, didn't notice Su Yehao's abnormality, and continued:

"Video websites have always been researched, but unfortunately the network speed is too slow, the processor is too rubbish, and Intel's new models are not released. Now that high-speed broadband is being promoted, video websites should have the opportunity to become a new opportunity."

Roger also said:

"There are existing companies on video sites, and they can just buy them with money. If they can develop, they are really suitable for our company, and they can provide users with richer services. They can shoot videos by themselves, and they can also be used for social networking."

Taking a deep breath, Su Yehao said:

"I seemed a little too greedy before, and you guys are doing a great job. After the listing, I will communicate with the board of directors and provide an option incentive plan. Recently, I will focus on the development of the main business, and suspend acquisitions and unnecessary investments. According to your ideas, reach more cooperation with other Internet companies and focus on advertising and game business..."

After talking for a while, the topic changed to other things, chatting about gossip about other Internet companies.

Today's Silicon Valley is rich and powerful, and there are many strange things happening. For example, some companies are not busy expanding after financing, but instead buy land to build apartments for employees.

Yacht dealers and private jet dealers have opened their shops near Stanford University.

In addition, it is said that the most beautiful night hotel practitioners in Los Angeles and San Francisco have also come to Silicon Valley to do business, because they know that the people here are very rich and are willing to tip.

Entrepreneurs talk about market share, but turn a blind eye to revenue data.

Some successful entrepreneurs throw out a concept, and soon they can use PPT to make tens of millions of dollars, and investors are crazy about it.

Due to the mythical process of creating wealth, too many rich people have emerged, so that the housing prices in Silicon Valley have risen again and again.

The Atherton mansion that Su Yehao bought has doubled its price now, and it can be sold for at least 1000 million US dollars. It covers an area of ​​more than 8000 square meters. It is a rare mansion, and it will definitely be sold on the market.

If he hadn't gotten used to it, Su Yehao would have bought low and sold high to make a fortune, and would buy it back at a low price after two years.

On the whole, the flamboyant atmosphere has been highlighted, and a hands-off shopkeeper like Su Yehao who is only thinking about development and growth is relatively pure.

The term "upstart" is not against the peace of many Silicon Valley entrepreneurs.

Anyway, no matter what, the stock price has been rising, and hot money is pouring into Nasdaq continuously. Learning how to make a big pie is even more important than how to make the company profitable.

In this situation.

Su Yehao also wanted to join in the fun, and planned to wait until after the listing, and try to push up the stock price to see if there was no chance to find a bad guy and cash out a sum of money.

Since the market is so crazy, he feels that the current pricing seems a bit low. The final pricing is usually determined on the last day of the IPO, and there is still a chance to change it slightly.

Compared with last year, the atmosphere in Silicon Valley has changed a lot.

Even sitting in the bar, through the floor-to-ceiling windows, you can often hear the roar of supercars outside, which has lost the tranquility of the past.

As a person with vested interests, Su Yehao has no time to cast aside others.

He only hopes that the market will continue to be frenzied. It is best to finish this year's vote, happily salt fish for seven or eight years, and no longer have to worry about lack of money to invest...

Chapter 478 Christie's Auction

Chat with John Zhou and Roger until after nine o'clock.

Su Yehao usually thinks about it at home by himself, after all, it is not as real as combining the actual situation.

This meal of wine is a bit expensive, and it can be regarded as the preliminary finalization of the development strategy of the Yanwen Group for a long time to come.

Even if you don't read the McKinsey report.

Su Yehao also knows that the strategy of concentrating on building a platform and providing value-added services for third-party companies is indeed suitable for Yanwen Group.

Once it is actually implemented, with the huge user base of ICQ and TVT, no matter Internet companies such as Microsoft, Oracle, Yahoo, or physical Hollywood entertainment companies, Coca-Cola, KFC, etc., have the opportunity to become customers of the company.

However, if we try to create our own Internet ecological chain through the Yanwen Group, it will inevitably involve innumerable contradictions, which will affect its development, and it seems that the gain outweighs the gain.

After all, as long as the advertising business is done well, the market is still quite large. The annual global advertising market is calculated in the hundreds of billions of dollars.