Chapter 10

Next, Li Feng's life finally entered the formal stage. Zach and Li Feng lived a otaku life. They went to the supermarket to buy a lot of food materials. Then they stayed at home for almost a week, and soon almost a month passed.

The time has entered March. It has been almost more than one month since Yahoo portal went online. The last month is the most beautiful month since Yahoo began. This is what Yang Zhiyuan said with Li Feng on the phone.

At that time, Li Feng heard Yang Zhiyuan's words, but he smiled faintly and thought that when Yahoo goes public in the future, that will be your most beautiful time.

......

"Hello, Li Feng, you are comfortable. We are all busy. Sure enough, the investors are capitalists."

"Wow, brother Yang, you have time to tease me now. It seems that I've been doing well recently."

"Ha ha..." obviously, Li Feng talked about his excitement.

"Li Feng, it seems that you have Zhuge Liang's ability to do nothing. In the last month, our company has received nearly $500000 in advertising revenue. God, we made a profit. "

Listening to the excited cry of Yang Zhiyuan over the phone, Li Feng was also happy.

......

"Well, brother Yang, what do you mean by calling this time? Are you ready to pay dividends?" Li Feng joked with Yang Zhiyuan.

"Fuck off. Recently, I added servers and network equipment, and found some professionals. The money is not enough, but the money giver came."

"Oh, so the VC came to the door?"

"Yes, several have come to the door, and some say they want to buy directly."

"Let the acquisition go. It seems that venture capital is very necessary. We have to hurry up. Time on the Internet is too critical. We are ahead one step ahead."

"Of course, Li Feng, come to the company quickly. At that time, we will first determine the articles of association, and then we can have a good chat with the venture capital company, ha ha..."

Obviously, Yang Zhiyuan is very excited. After all, he has seen the future.

“YES！ YES！ YES！”

After the call with Yang Zhiyuan, Li Feng jumped up, waved his hands and shouted.

In fact, it's normal. Venture capitalists always have the most sensitive sense of smell. When they realize the value of Yahoo, they immediately come to the door.

......

"Boy, what's good? So excited." But Zach saw Li Feng's excitement and asked with a smile.

"Zach, ha ha, we succeeded. There is news from Yahoo. Next, we will face the first round of venture capital." Although I know Yahoo's success, I can't help getting excited when I get the news.

"Wow, that's really good news. There's nothing better than this."

"Of course, Zach, are you ready to become a millionaire and a multimillionaire?"

"Wow, Jhon, I love you so much."

......

Not to mention Li Feng, in the garage where Yahoo is located, Yang Zhiyuan said excitedly facing the two people in front of him.

"Yes, the son of God has agreed to contact venture capital. They will come tomorrow. We should be ready to unify our opinions. After that, we will face all kinds of investors and financial capital. Everyone is ready."

"Yes, I knew the son would agree." David Philo said excitedly at this time.

It has to be said that the inertia of history is still very large. In addition to the founders Yang Zhiyuan and David Philo, there is another one named Tim kug, who is now the general manager of the company and is now responsible for the internal management of the company. Of course, Lao Mei is called CEO.

Later generations said that Tim kuger came to help manage the company after Sequoia Capital Venture Capital.

In fact, Tim and Yang Zhiyuan also know each other. At the same time, Stanford alumni may be the inertia of history. This time, Tim joined the early Yahoo without Sequoia Capital.

Now Yahoo's chief business card is still two people, Yang Zhiyuan and David. Originally, Li Feng had to be added, but Li Feng said he was an angel investment, so he refused.

......

"Well, I'm curious about the" son of God "mentioned by people in the company. I hope to see you soon."

"Don't worry, Tim, that's a very good guy with a talented business mind. He put forward our profit model."

"Oh, that's a genius!"

For Yahoo's profit model, Tim also knows everything after joining, especially the proposal of the concept of portal and Internet new media, and the business model of content + traffic + advertising is pioneering, which is definitely a genius business idea.

Therefore, Tim has always been curious about the "son" in the company.

......

Just when the general manager of Yahoo never forgets our protagonist, our protagonist is running and jumping with Zach at this time.

"Zach, we're going to Silicon Valley tomorrow. I can't wait." After excitement, Li Feng said immediately.

"OK, John, thank you!" At this time, Zach calmed down and said positively to Li Feng.

After all, no one can give himself at least a few million shares of the company without blinking, or even tens of millions or billions of wealth in the future.

"Hi, Zach, we are relatives, aren't we?"

"Of course, we are relatives!" Zach nodded back with tears in his eyes.

......

At noon the next day, when Li Feng and Zach came down in front of Yahoo's garage, Yang Zhiyuan led more than 10 people of the company to welcome and applaud, which moved Li Feng for a while. Unexpectedly, he was very popular after contacting them for just a month.

Subsequently, Yang Zhiyuan took two people, David, Tim and five people into the small conference room of the company.

Then I made a detailed description of Yahoo's achievements in the last month, so that Li Feng could have a detailed understanding, and then talked about the next first round of venture capital.

It can be said that this month is the most beautiful month for Yahoo. Now, as long as you surf the Internet, you will basically patronize Yahoo's website, browse the information on the website and search the content on the website.

In other words, Yahoo now combines search with portal, which is also the Yahoo model of later generations.

Unfortunately, later, Yahoo made a strategic mistake and did not pay enough attention to the search business. It mainly developed portal websites. With the rise of Google, Yahoo eventually became worse and worse.

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"Gentlemen, since we have reached an agreement on the first round of venture capital, we first need to set a valuation of our own website before we can meet with other investors. Now you can talk about it."

"Let me talk about it first. According to the actual situation of our website, we realized 500000 advertising business revenue last month. If we calculate according to one year and take into account the development of the Internet, 10 million advertising business is feasible, then according to the normal market, our valuation should not be less than US $100 million."

As the general manager of the company, Tim took the lead in putting forward his own opinions. In fact, according to the P / E ratio, Yahoo is definitely a behemoth on the Internet.

Li Feng also nodded and basically agreed with Tim. Of course, at present, it is only used in the American market, but Yahoo has taken root all over the world in its previous life.

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"Ladies and gentlemen, we can agree with Mr. Tim's proposal in the American market, but do you just stick to the American market? The Internet knows no borders, so our goal is the world. "

At this time, Li Feng stood up and directly put forward the slogan of the whole world. It can be said that when Li Feng proposed that Yahoo needed the world market, several people present were stunned and excited at the same time.

Yes, several people want to be in the domestic market, but how big the market is all over the world. At this time, people couldn't help looking at the young man in front of them. They were all slowly exclamation points.

......

"Therefore, at present, what we need first is to estimate the funds we need for future development around the world, and then finance according to the situation.

After all, we all know that although we occupy the early advantage, the advantage on the Internet is the most short-lived. We can be a portal, and others can be a portal.

In the U.S. market, because of our early advantages, we may occupy most of the market. If we can be abroad, we will face the challenge of Internet practitioners in other countries.

Therefore, I hope that this time we can complete the initial funds for Yahoo's development of world-class website architecture through the first round of financing.

Our goal is to burn money, burn money crazily, and burn all the money raised.

In a word, at first, I was an angel investment, so the next investment is a second round of financing. As for whether or not the third round depends on the specific situation. If it can develop smoothly, maybe we can go to Nasdaq next year to ring the bell.

Our goal is that as long as you are online, you should first browse Yahoo's website to see all aspects of current affairs and news; You need to find content on the Internet through Yahoo search.

Our website has met the basic needs of netizens. Can't we ask for high prices at this time?

Therefore, my valuation of Yahoo is 500 million. If we can take the initiative in the global Internet market, shouldn't Yahoo improve its valuation?

We are the first enterprise on the Internet and deserve the treatment of the first enterprise. "

......

Sure enough, I heard Li Feng's Yahoo valuation. Although I had expected it, after all, Li Feng said so much before, but when it came to the specific valuation, I was stunned.

You know, there are less than 20 non staff members including Li Feng and Zach.

Another point is that the current venture capital industry is generally tens of thousands, and many millions of financing is shared by many people and institutions, while Li Feng put forward a crazy financing plan and valuation. No wonder people are surprised.

It can be said clearly that if it can really raise funds according to the plan, Yahoo will make American history.

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Many people say that in the early days of the Internet, venture capital is not easy. Many need to ask their grandparents to succeed.

For example, in previous lives, whether Yahoo, Amazon, Google, FB, etc., the initial financing was not as smooth as people thought. Only when the enterprise has developed, many talents will flock to it.

Of course, as long as the initial investment in these enterprises has been madly rewarded.