Fight to the third generation

Come to a villa in Menlo Patto.

In broad daylight, the curtains were drawn, and the interior lights were dim.

When Yang Zhiyuan saw Yin Liuli, he smiled politely and said, "Miss Yin is here too, and I happened to see a bottle of pink sweet sparkling wine on the shelf, and asked someone to pour a glass for you to taste? You can dissatisfy Xiaosu's business skills, and appreciate this One piece, I'm really ashamed of myself."

With a smile in his tone, Su Yehao preemptively said, jokingly:

"Of course, I was fascinated by Liuli just by looking at it at the beginning. In other words, you still have the mind to form a game. Be careful that I will sue other shareholders. The Google I invested in is developing so fast. You should think about it. Why."

Being able to make such a big business, Yang Zhiyuan seems free and easy, but also has arrogance in his heart.

After hearing Su Yehao's words, he replied:

"Wait until you remind me, I've already studied it, even without your Google, I'm afraid there will be other companies as our competitors."

"Google is really easy to use. The algorithm is better than the Yahoo I developed, and the user rating is very high. It's a pity that if you don't sell ads, you will drain your wallet sooner or later. There is no long-term advantage. In the end, you still have to bow down to ads. in front of the merchant."

"In addition, Yahoo's stock price is still rising. With so many new netizens, the market is enough for everyone to share."

heard.

Yin Liuli remained calm, glanced at Su Yehao with a suppressed smile, and instantly remembered the saying "Only fools sit next to competitors to share good ideas" just now.

Su Yehao found out that Yang Zhiyuan didn't take Google seriously, and suddenly realized that he was worrying for nothing.

Yahoo is now almost ten times the size of Google, and its advertising business is thriving.

On the other hand, Google is supported by his investment, which is similar to a gold-swallowing beast, burning more than 8000 million US dollars in half a year.

Due to the increasing number of users, the speed of burning money is accelerating.

The number of Google employees quickly exceeded 300, which means that in terms of labor expenses, the annual salary is as high as 6000 million US dollars, and the annual salary of some professional managers and top engineers is as high as 50 US dollars.

Compared with labor expenses, the advertising cost of attracting users is the real big one.

Calculating the customer acquisition cost of attracting new users, the average cost is about 22 US dollars, which is equivalent to burning money all the way to get to today.

Yahoo has a reputation for acquiring customers for as little as a third of Google's.

In the words of venture capital institutions, it is not enough to look at the size of users alone. In the end, the company's performance and income must be used to truly determine the value of a company.

It seems so.

It's no wonder that Yang Zhiyuan was not only not worried, but also looked at Su Yehao's joke.

Sitting at the poker table, chatting and waiting for several other poker players, a hot blonde waiter trimmed a big Havana cigar for Su Yehao.

After staring at the waiter without blinking his eyes, like many married men, Yang Zhiyuan waited for the waiter to leave and whispered:

"Her name is Laura. Last time, she wrote her number on a napkin and handed it to me. Later, she was afraid of being found when she got home, so she threw it into the trash can. I really envy you who are not married. You are handsome and rich. I think It doesn't matter how chic you are."

"So proactive? That's right. I've heard that American girls are very open. It's strange that no one is paying attention to you, a diamond king like you."

After Su Yehao finished speaking, he stared at the waiter's gourd figure.

When he caught sight of Yin Liuli from the corner of his eye, he looked at the ceiling and looked around as if nothing had happened.

Smoking a cigar, Yang Zhiyuan spoke again and asked:

"Let's talk about business. People from Japan's Softbank will come over later. Are you willing to sell your Google? It's about 12 billion U.S. dollars..."

Chapter 568 Carrot and Stick

Yang Zhiyuan had a cooperative relationship with Softbank in the early days of Yahoo's development, and received a large amount of financing from Masayoshi Son.

Until now, Japan's Softbank is still Yahoo's major shareholder.

The largest shareholder of Yahoo websites in other countries is Yahoo headquarters in the United States, with the exception of Yahoo Japan. Softbank holds 51% of the shares in Yahoo Japan, and the head office has become the second shareholder instead.

This shows how close the relationship between the two parties is.

Hearing that Softbank was going to bid around US$12 billion to buy Google from himself, Su Yehao crossed his legs, the cigar between his fingers was burning, and a faint white smoke rose.

In his head, many things were thought through in an instant.

For example, why did Yang Zhiyuan contact me suddenly today, and knowing that he came to Silicon Valley, why did he suddenly comment on Google, pointing out that it has no long-term advantages.

From Su Yehao's point of view, Google has probably been targeted long ago.

On the one hand, it is estimated that Google's rapid expansion has made Yahoo feel the pressure. On the other hand, it may also be related to the fact that SoftBank's executives are optimistic about Google's prospects.

In a way, Yahoo's interests are SoftBank's interests.

If Zhiyuan Yang joins forces with Softbank and Masayoshi Son to jointly invest in the acquisition of Google, it means that a potential competitor can be resolved and Yahoo's share in the global search engine market can continue to be increased.

At the same time, it can also enable Softbank to win another good project and firmly grasp the right to speak in the industry.

Su Yehao is only the sixth largest shareholder of Yahoo. He can ignore his interests in Yahoo and jump out to invest in Google. Once he does it well, he will have the opportunity to maximize his profits.

As for Softbank and Yang Zhiyuan, most of their assets are placed in Yahoo. If Google is allowed to further occupy market share, it will inevitably affect their income.

After taking a sip of the cigar, Su Yehao thought about it briefly, and said with a smile:

"Since my KOKO venture capital took over Google, it cost me almost 12 million US dollars. Now you guys want to buy it for [-] billion US dollars. You really think highly of this company."

Hearing the word "you", Yang Zhiyuan did not refute, and replied with a smile:

"Yahoo's business model is too simple, and the acquisition of Google's diversified development is not a bad thing for us. I am serious. I discussed with Mr. Sun Zhengyi before coming here. As long as you agree to this price, you can sign a contract in the next few days. In half a year, you can earn 11 billion US dollars through Google, and the stock you hold in Yahoo will also rise sharply, making money on both sides.”

"...the benefits are indeed quite high."

"Well, and I heard that you bought land in Hong Kong City, and went to Huaxia to invest and build a factory, cashing out to relieve the pressure on capital flow, wouldn't it be much easier." Yang Zhiyuan continued.

Su Yehao had a weird expression on his face.

The main reason is that I have heard people say that Yang Zhiyuan has bad vision, missed Google and Facebook one after another, and finally rejected Microsoft's acquisition plan, and finally killed Yahoo.

Su Yehao didn't know much about the specific situation, but this time it seemed that he had a good eye.

The reason for this may be related to Google's strong development momentum. In the first half of the year, 400 million new users were added. Although the old users still prefer Yahoo, many new netizens prefer the concise and precise Google.

Regarding this point, Yahoo sent someone to secretly conduct a questionnaire survey, which is supported by data.

If it develops slowly like in the previous life, no matter Yang Zhiyuan or Softbank's Masayoshi Son, they may not necessarily put Google in their eyes.

Now that Su Yehao was throwing money regardless of the cost, the situation immediately became more difficult. Google's outstanding development performance has already made many venture capital financing institutions take a fancy to its potential and treat it as the second Yahoo.

Yahoo's market capitalization is already very high, gradually touching the ceiling of Internet companies, but Google is a new company, and its potential for growth and appreciation is much higher than that of Yahoo.

In case Su Yehao chooses external financing to allow Google to obtain other financial support, Yahoo's situation will become more and more passive.

After all, the story of Britney becoming Mrs. Niu is absolutely normal in the eyes of capital. Since it was able to support Yahoo to break out of the encirclement before, it makes no sense not to support another company.

Yang Zhiyuan has been standing on the cloud for some time, and he has already passed the stage of being naive enough to feel that capital will be nostalgic.

It can be imagined in advance that the shareholders who are making money now and the lunatics who will short in the future are likely to be the same group of people.

Su Yehao frowned slightly, and first thought of finding a reason to refuse in his mind, because in his opinion, Google has a huge room for appreciation, and selling it now is like throwing away the golden hen.

Then realized again.

If Yang Zhiyuan and Sun Zhengyi are rejected today, what they will face next may be endless suppression and competition.

They first quoted US$12 billion, which is enough to show that they have attached great importance to Google. Peaceful coexistence is not in the interest of Yahoo. Competition and suppression are the norm in the business world. .

Su Yehao thought that his relationship with Yang Zhiyuan was not good enough to ignore the conflict of interests.

There is also the Internet bubble that must be considered. The valuation and market value of a group of companies have far exceeded the performance of the company itself. Even if it is explained by growth investment, it seems a bit reluctant.

If you cash out part of it, or sell Google directly, even if you lose part of the profit, you can take advantage of the feathers in the ground to buy companies such as Amazon, Apple, TSMC, and ASML. The long-term profit may be more than holding Google. .

You must know that in the previous life, Yahoo made mistakes in decision-making, made a series of mistakes, and eventually declined, but this time it may not necessarily repeat the same mistakes.

At present, there is a dispute between the two sides ahead of schedule, and Su Yehao really has no confidence in winning.

Looking at it from another angle, it is true that money is lacking at hand. Even without mentioning the City of Thousand Chips plan, Google itself would have to burn at least three to five billion dollars if it wanted to survive the cold winter. This money is enough to build a wafer foundry...

It's rare to move your head so fast.

After thinking for a few seconds, Su Yehao continued: "It's a bit sudden, let me talk about it slowly. In fact, I am quite optimistic about the future of Google. The global search engine market is so big that it can accommodate two search engine companies."

Yang Zhiyuan nodded, but said:

"I personally think it's okay, but other shareholders have already expressed their opinions. I alone in the board of directors have no say. If there is a chance to eat most of the market, who would be willing to let it go to others. In business, you must win Lose, if there is an instant messaging software company to compete with your kaomoji group, I believe you will not sit idly by. Last month, someone wrote an article praising Google in the New York Times. Yahoo shares fell 2.6% the next day.”

Faintly hearing some news, Su Yehao realized... that he was rejected by other shareholders of Yahoo.

He smoked his cigar again and poured a glass of red wine for Yin Liuli who was sitting beside him.

Su Yehao replied:

"I understand what you mean. In fact, I am quite lazy. As long as I have the opportunity to earn money easily, I will try to avoid fighting with anyone. I have to study the acquisition first. There should be a way to make money between us. Reach an agreement. Let’s not play the cards, I will go to Google first and ask the partners for their opinions.”

The so-called partners only accounted for a small share in total. Of course Yang Zhiyuan knew about it.

Today was not for playing cards, so Yang Zhiyuan didn't stop him, and personally sent Su Yehao out of the cigar salon, and also gave him a box of Danish King cigars as a small gift.

There were disagreements between the companies, but they were both from China, and they were all super rich in Silicon Valley. If it wasn't a last resort, he didn't want to have too much trouble with Su Yehao.

As the chief operating officer of Yahoo, Yang Zhiyuan must consider the interests of the company and shareholders. Of course Su Yehao understands this, so he has no emotions.

After all, they are all weighing their own interests, which is exactly what the saying says that there are no permanent friends and no permanent enemies.

After happily accepting the box of cigars, Su Yehao got into the car and set off.

He really planned to go to Larry Page and the others to talk about the acquisition and seek some good advice...

Chapter 569 Everyone, our difficulties are coming

Just half a year.

Google has grown from a tiny startup to a rising star in Silicon Valley.

It's now one of Silicon Valley's best-known startups, attracting dream-seeking... speculators who want to be a part of it before Google goes public.

Silicon Valley wage earners know it all.

Compared with earning a dead salary, expecting options and equity rewards is the real shortcut to making a fortune. Otherwise, even if you have worked hard for ten years, don’t expect to buy a good house in the Silicon Valley area with high housing prices and drive a yacht all day long. The party is even more idiotic.

As for starting a business by yourself, although the income may be extremely high, the kind that directly realizes financial freedom, but the risks cannot be ignored.

The hole in the tuyere was gradually occupied by others.

There are more and more successful enterprises, leaving fewer and fewer opportunities.

The precedent of the bankruptcy of countless start-up teams has reminded people that unless they come up with an excellent idea that they think is unparalleled, or find a good idea from a friend around them, otherwise the wage earners in Silicon Valley will not resign easily. In the early years, I dared to break through and fight so hard.

then.

After weighing the pros and cons, you will find that directly betting on the entrepreneurial team showing signs of success is a safe and potential approach.

On the one hand, you don’t have to pay out of pocket, and on the other hand, you can expect to earn income other than wages. Not only can you guarantee your income in droughts and floods, but it’s also easier to get promoted and raise your salary than established Internet companies.

It is precisely because there are too many people who think this way that it is very easy for a high-quality start-up company like Google to attract talents to join. Everyone goes hand in hand for the sake of the company and often shows extremely vigorous vitality.

There are examples of emoji groups first.

Everyone believes that Google, which has already been valued at US$[-] million by institutions, will be listed on the NASDAQ stock exchange in a short time.

Considering that when the Yanwen Group went public, it distributed equity awards worth tens of millions of dollars and provided the opportunity to buy additional stocks at a low price, which is quite kind.

In the first half of the year, when he went to Stanford, Harvard, Yale and other prestigious schools for school recruitment, Google was even more attractive than giants such as Microsoft, Yahoo, and America Online. This was undoubtedly a good thing for Su Yehao.

By the way.

The employees of the Yanmoji Group who chose to spend money to buy the original shares at the beginning, the average starting price was only 11 dollars a share, and it rose to more than [-] yuan on the day of listing.

As long as the stock is held until now, as of now, the return has reached 200%...

Early eleven o'clock in the morning.

Su Yehao sat in a customized Rolls-Royce Phantom Head of State-level armored car, appeared downstairs in the Google headquarters, looked at the green signboard, and sighed deeply.

Yin Liuli was there before and heard the conversation between him and Yang Zhiyuan. Since a big business was involved, she didn't dare to intervene indiscriminately.

On the way just now, Yin Liuli also did not disturb Su Yehao when he was distracted by his thoughts.

It wasn't until this time that she asked in a low voice, "Acquisition for US$12 billion, do you think this deal is a good deal? It seems that you don't want to sell it, maybe there is something bothering you."

After getting off.

Su Yehao put his hands in his trouser pockets. Today, he dressed more formally to meet people from Qualcomm. He wore black trousers and a white shirt, but he didn't have the habit of wearing a tie.

This is already counted as a face.