Chapter 5

(in the new book development stage, I ask for all kinds of support. Thank you very much! For collection, recommendation and Book Review...)

"Well, guys, I think we have to talk about the specific situation. It's still important to talk about business." After several people sat down, Li Feng said immediately.

"Mr. Li, unexpectedly, you were the first to come to the door. David and I really didn't expect it.

You can have a look. This is our business plan. After reading it, we'll talk about it in detail. " Yang Zhiyuan took out a document and handed it to Li Feng.

In fact, Li Feng really wanted to tell them at this time, don't bother so much, I'll pay 500000. You can just give some shares.

Thinking, I still took the plan in my hand and listened to the explanation of Yang Zhiyuan.

In fact, according to what they say now, they mainly talk about how to get the website, but it is very vague about the real profit model. After all, the Internet is still a new thing, and many are crossing the river by feeling the stone.

......

"I believe what you said about all kinds of data on the website, but now there is one of the most important things. I think you also know how to make profits through your guide.

This is the most important thing, that is, the profit model. Without a clear profit model, I think your online guide may not last long. Please forgive me for my directness. "

"Yes, Mr. Li, I think it has become a worry for all Internet practitioners. After all, the Internet is more and more widely used. I know there are huge business prospects, but I can't find a clear profit model. "

"You two, I brought two points this time. The first is the capital. Of course, it is the initial development capital, not much;

The second point is the future development of your online guide and a clear profit model. "

“What？” Yang Zhiyuan and David Philo stood up and said at the same time.

"Of course, I think both of you know that this is not free."

"If there is a clear profit model, we welcome Mr. Li to join us." Yang Zhiyuan said definitely on behalf of the two at this time.

In fact, when Li Feng talked about the clear profit model, Zach was almost shocked to the ground.

After all, they have always been together. How can they not know Li Feng's situation. If you can think of a profit model after reading a few online guides, Li Feng's business talent is too high.

You know, now this problem has become the biggest problem for all network practitioners.

......

"Let's ignore the problem of profit model first. We'll talk about it later. Now let's talk about the specific issue of shareholding.

To tell the truth, I don't have a lot of money at present. For the time being, I can provide an initial capital of 500000 US dollars, plus my own ideas, the future development direction and profit model.

Business is business. Although I don't understand computer and network technology, I don't know how many shares I can get? "

"To tell you the truth, we have contacted several financial capital, but we haven't replied or refused directly for the time being.

As for shares, David and I have discussed before. Our guide is priced at $5 million, which is 10% based on your capital. As for creativity, it is not easy to calculate now. If there are clear and feasible guidelines, development planning and profit model, it can be increased by 10%. "

......

When Yang Zhiyuan said the share problem in his heart, Li Feng almost jumped up and wanted to promise on the spot. It was really unexpected.

Unfortunately, although Li Feng comes from later generations, he is not an expert in capital operation after all, nor does he care about the venture capital industry.

I only know that it is the first capital invested by Yahoo. In fact, I don't know what the situation is. After all, I'm just an ordinary person. Who cares about how much Sequoia has invested.

We should know that Sequoia Capital acquired 25% of the shares after its first venture investment of US $1 million, that is, the valuation was only 4 million at that time, which was much lower than what Yang Zhiyuan said.

Li Feng didn't know this at this time. He just thought of making a fortune and investing in Yahoo himself.

Even if the shares are diluted in the future, he has definitely taken a solid step towards a billionaire. Of course, no one will have too much money. We should fight for it.

......

"I want to make it clear to you that in the early stage, as long as there is a fund to start, I think your guide can meet the temporary needs.

If there is a clear profit model, when I want to seek capital, I can definitely guide the growth of multiple or even several times. Therefore, in my opinion, my creativity is even more important than my capital.

In this way, anyway, I am determined to invest. I will directly say my ideas and let two people confirm the feasibility. If I can pass the confirmation of two people, I hope I can increase by 5 percentage points. "

After hearing Li Feng's reply, they motioned a little, then nodded and agreed to Li Feng's proposal. After all, compared with the weight of five points, the profit model is more important.

Of course, this is also the reason why they are still too young. Although they are much older than Li Feng, the scholar is still full of spirit. After all, they haven't officially left the campus.

......

Then Li Feng said it briefly according to the general situation of later portal websites, put forward the concept of portal websites and put forward the model of content traffic advertising.

In fact, there are roughly two modes of Internet advertising, one is content traffic advertising, and the other is search engine.

Although Yahoo is also a search engine, what it does is a website directory and on-site search, which are manually sorted out. It is not a real search engine.

Therefore, in the absence of the portal concept, Yahoo's search directory can not be profitable, although occasionally there is a little advertising revenue.

This is the network concept first put forward by Yahoo in the previous generation in 1996, and even put forward network media, which is different from traditional media such as newspapers.

Even Li Feng took out drawing paper and roughly drew a sketch. The general mode of the portal is basically clear.

For Yang Zhiyuan and David, Li Feng's idea is simply incredible. It directly points out clear development ideas and profit ways through advertising for the website, and pays more attention to advertising in a variety of ways.

Sure enough, the next two people completely entered the discussion stage, how to wait, regardless of Li Feng's discussion.

......

"Cough... I think you should understand my concept of creativity and profit model. What do you think?"

"Li, you are a genius!" David cried in surprise.

"Li, your idea is born for our guide. It's great. I think five points are less." Yang Zhiyuan gave a thumbs up and said.

"Oh, if less, give more. I don't mind."

"Cough..." as soon as the voice fell, Yang Zhiyuan was choked.

"Ha ha..."

Looking at Yang Zhiyuan's embarrassment, everyone burst into laughter.

......

"Well, I'll ask Zach to draft the shareholding contract now. Let's discuss what to do next?" Li Feng said with a smile.

"I think the first thing now is that we need to register the company and then use the so and so guide. We need a domain name and website name.

What do you think of Yahoo? "

Well, Li Feng is a direct use doctrine. There are some legends about naming on the Internet in future generations. This time, these legends are gone.

"Oh, Yahoo, very good."

“Verygood！”

Sure enough, when they heard Li Feng's proposal, they both felt good. In the end, it was really like what was said on the Internet. Because of the literal meaning, they immediately proposed to add an exclamation point behind it.

......

"Second, register the company, clarify the shares of the three of us, find a place, and need to officially move out of the campus. After all, it's not appropriate to be on campus next.

Third, in the early stage, we only need to recruit some technicians to assist the two, while David is the technical director in charge of technical support, and Jerry is responsible for the overall operation of the company.

Finally, to prepare for refinancing, I think you two should be very clear that the initial funds I provide are too small after all, and financing is very necessary.

Of course, now that there is a clear profit model, I hope that before refinancing, we can make a new version of our website online, officially knock on the door of the Internet and make Yahoo a synonym for new online media.

At that time, we will not ask for financing, but ask them to come to the door. "

"Yes, yes, we have been rejected several times before. Next time, let them take the initiative to beg us." Cried David, waving his fist.

"Ha ha..." obviously, they had already found capital before, but they were rejected.

It is impossible for those capital to come to the door automatically in the early stage. As for what is reported in the newspaper, it is capital that takes the initiative to come to the door. In fact, it is used for publicity. Of course, it is also to publicize the wisdom and magic of capitalists.

Li Feng certainly won't say. Don't worry. It didn't take long for someone to come to the door.

......

"Gentlemen, the contract is basically established. Let's sign it. Have you decided on your shares in the new company?"

Yang Zhiyuan and David discussed the shares in front of Li Feng, and finally decided that Yang Zhiyuan 40, David 35 and Li Feng 25 officially signed the contract.

Meanwhile, Li Feng asked Zach to help them register the company, and Yang Zhiyuan found a place to move out as soon as possible.

Li Feng thought at this time that we would become the co-founder of Yahoo in this life.

After all, Yahoo has not been officially established. As soon as the company was established, it became the initial shareholder. Isn't it the co-founder? It should be regarded as an angel investor.

......

To Li Feng's surprise, Yang Zhiyuan and David Philo put forward the idea of dropping out of school to run a business, just like in previous lives.

Li Feng did not obstruct. After all, when they succeeded, everything became wise and divine. After all, the world was written by the winner.