Silicon Valley

Hello! Henry walked to Li Yanhong and said hello with a smile, Are you Li Yanhong?

Li Yanhong glanced at Henry, nodded and said, Hello, I'm Li Yanhong! May I ask who you are...

My name is William! Henry smiled, briefly introduced himself, and then asked, I heard that you worked for Infoseek in the United States before, and you also invented hyperlink analysis technology?

That's right! Li Yanhong nodded and replied, at the same time, a pair of eyes stared at each other with doubts. Obviously, the other party knows him very well.

Henry smiled lightly and said to Robin Li: I have studied 'Hyperlink Analysis' before, which is one of the top search algorithms. Even compared to Isearch's PageRank, it's not too bad!

Haha, thank you for the compliment! Li Yanhong couldn't help but show a proud look on his face when he heard this.

Does Mr. Li plan to start his own business when he returns to China this time? Henry asked.

Yes, before January, I founded an Internet search engine company with a few partners! The company's name is Baidu! Li Yanhong explained with a smile, The word 'Baidu' is taken from Xin Qiji's Qingyu Case in a poem, 'I searched for him a thousand times in my dream, and suddenly I turned around, but the man was in the dim light'!

Looking for him for thousands of Baidu in a dream? Well, yes. Baidu is a good name! Henry nodded in praise, then paused and asked straight to the point, Mr. Li, does Baidu need investment?

When Li Yanhong heard the words, he couldn't help but be stunned, Are you from a venture capital company?

I'm an angel investor! Henry said indifferently, How about, Mr. Li, is Baidu willing to accept angel investment?

Of course I do... Robin Li nodded with a hint of excitement, Internet companies are very money-burning companies, and now is the Internet winter, very few venture capital institutions are willing to invest in us. Apart from you, Only IDG is willing to invest $1 million in us.”

Henry frowned unconsciously, Excuse me, has Baidu accepted investment from IDG? Robin Li invented hyperchain analysis and is considered a top talent in the industry. When he returned to China to start a business, some venture capital firms were naturally more optimistic about him. No, IDG was willing to invest not long after the company was founded.

It hasn't been negotiated yet. We still have some disputes over our equity for the time being! Robin Li didn't hide it, and said to Henry, IDG wants 30% of Baidu's shares, I don't agree with that! I'm willing to pay 20% at most. % of the shares to it!

Henry said: Well, you are doing it right. Baidu uses hyperchain analysis, and in the Chinese market, no one can match except Isearch! IDG wants to exchange 1 million US dollars for 30% of the shares, it is too greedy!

Henry secretly thought that it would be good to mess up IDG's investment in Baidu, so that he could occupy more shares in Baidu.

Li Yanhong was stunned when he heard Henry's words. I have only seen investors depreciate the value of the company so that they can get more shares at a cheaper price, but this person in front of him is doing the opposite... For a moment, Robin Li was puzzled!

Henry smiled at this time and said to Robin Li: Look, if I invest $3 million, how many shares of Baidu are you going to give me? For $1 million, you are willing to give 20% of IDG Ventures, $3 million. , I don't want more, how about 51%?

...

Li Yanhong immediately fell silent, this decision is very important, and he has to think twice! When the venture capitalist controls 51% of the equity, it means that the company completely controls the company, and the company becomes someone else's company, which is not in line with its original intention. However, Baidu is in urgent need of huge funds for development... Maybe it can allow the other party to reduce investment, thereby reducing the number of shares held by the other party. However, it is impossible to discuss the specific investment situation for a while. After all, this is not an occasion for negotiation. It is good that both parties reach an intention.

Mr. William, I'm sorry I can't reply to you for the time being. You know, this matter is very important, and I need to discuss it with a few other partners! Li Yanhong took out a business card from his bag and handed it to Henry with the company's address and The phone, Mr. William, if you have time, you can come to Baidu, and we both have further discussions. What do you think? Or, we can come to negotiate!

Henry took the business card and looked at it, then put it in his right pocket, Of course, no problem, I have time tomorrow, then I will come to your company to negotiate! The time is set at 4:30 in the afternoon. After the discussion, by the way Let's have a meal together! Henry said with a smile.

No problem, you are very welcome, I will treat you when the time comes! Li Yanhong said happily.

At this moment, a middle-aged foreigner in a black suit came over.

Mr. Li, what are you talking about? You look very happy! This is...

Li Yanhong smiled at him, and then introduced to both parties: This is Mr. Green Gardner, the Asian executive director of IDG, and this is Mr. William...

Henry didn't want the IDG people to know that he was also investing in Baidu, so he interrupted immediately: Yes, my name is William, a friend Mr. Li Yanhong just met! Oh, nice to meet you, Mr. Green Gardner!

Nice to meet you too, Mr. William!

Henry smiled and said: Uh, yes, I saw an acquaintance, I have to go over and say hello to him, the two of you chat slowly!

Henry waved his hand and said goodbye to them.

Zhou Hongyi had already seen Henry, but he just saw that he was discussing things with others, so he didn't come forward to disturb him.

Mr. Zhou, didn't expect you to be here too? Henry smiled and walked in front of Zhou Hongyi.

Yes. This is the China Internet Summit. Although 3721 is small, it cannot miss such a big event.

Well, that's right. Henry smiled and asked, How about it, have you thought about the conditions I offered?

Not yet. Zhou Hongyi shook his head.

It's okay, there's still time for you to think.

Henry ordered a glass of champagne from the waiter, and sat with Zhou Hongyi on the couch in the corner.

Zhou Hongyi asked at this time: Mr. William, is the person who was chatting with you just now Li Yanhong?

What? Do you know each other? Henry looked at him with a half-smile, and said, Yes, his name is Li Yanhong!

Zhou Hongyi said: He is well-known in Zhongguancun. It is said that he developed a hyperlink analysis search algorithm, which is one of the top search algorithms even in the United States! Not long ago, he established a search engine company in Zhongguancun! It seems that Call Baidu here... After speaking, Zhou Hongyi quietly looked at Henry's expression.

3721 and Baidu are clearly competitors.

Zhou Hongyi had to worry that if Henry invested in Baidu, he might not invest in 3721.

Henry naturally understood Zhou Hongyi's thoughts, and deliberately said in front of him, Yes, he also invited me to visit their company!

Mr. William, you agreed? Zhou Hongyi asked nervously.

Well, I promise!

Hearing this, Zhou Hongyi's face became a little ugly. If Mr. William invested in Baidu, what would happen to 3721? Zhou Hongyi's computer suddenly started running like a machine, No, I have to stop him and mess things up!!!

Mr. William, he said, compared with Baidu, 3721 has some gaps in search technology, but in terms of marketing methods, Baidu is not as good as 3721! In the Chinese market, Baidu's technology can be better than Isearch company? Obviously not! So, if you want to take a piece of territory from Isearch, you must win by surprise!

(To be continued ~^~)