Chapter 14

It has been a week since he came to Silicon Valley. These days, Li Feng is idle and bored. He has a good tour of Silicon Valley. Unlike the last time he came, he basically spent it in the garage.

At the same time, we should get together with Yang Zhiyuan and others every day to discuss the next financing issues, as well as which investment institutions are interested in Yahoo.

After completing the financing plan three days ago, it has been submitted to major investors, waiting for the news. It can be said that every day is very full.

......

"Ringling..."

Took the Motorola 8900 flip brick machine in Zach's hand and directly connected to the phone. Looking at the mobile phone weighing about half a kilo in his hand, he was speechless.

I'm used to those mobile phones in future generations. I'm really not used to using them now. This is the latest model just appeared this year. I just bought it two days ago. After all, it's troublesome to have no phone in Silicon Valley.

Now it's all in Zach's hands. Recently, Zach is fascinated by the latest flip phone. This is the first flip phone in the world, which is absolutely memorable.

Of course, now using such a mobile phone is also a sign of success. After all, such a mobile phone needs thousands of dollars, and the telephone cost is not generally expensive. Ordinary people really can't afford it.

In any case, it was worth tens of thousands or even tens of thousands of units in China at this time in the previous life. It was definitely a sky high price.

......

"Hello, this is St. John Lee. Who are you?"

"Li Feng, I'm Yang Zhiyuan. How's it going? I'm almost done. I have to come to participate in the financing negotiations."

"Oh, how about making sure the news is coming?"

"Yes, our initial valuation has basically shielded some small investment institutions and some individual investors, and now there are several large investment institutions."

"Oh, that's the best. We need these large investment institutions next, so that they can help us develop further and rapidly. Which ones are there?"

"It's not clear on the phone. Let's talk back. Those investment institutions will come this afternoon. The next step is specific negotiations."

"OK, I'll come in a minute."

After hanging up, they called Zach and drove to Yahoo garage.

......

When Li Feng took Zach to Yahoo's garage, everyone was still busy, and Li Feng was the most idle. This is also the reason why Li Feng was reluctant to come to Yahoo. After all, others were busy and bored, which would make people look down on it.

"Your Highness, son, you're here. Have you had any adventures or sexual encounters in Silicon Valley?" David Philo was just talking to the technician below. When he saw Li Feng coming in, he joked.

"David, I'm not a minor. If you say so, be careful. I'll go to the juvenile protection office to complain about you." Li Feng immediately hit back.

"Wow, your highness, why do I always forget that you are only 15 years old, shit!

I think the United States should target a special group of minors - genius, and must treat them differently. After all, people like the son shouldn't look at minors, don't you think? "

"Ha ha..."

After hearing David's complaint, everyone burst into laughter. It seems that with Yahoo's financing approaching, the internal employees of the company are in good mood.

......

"Li Feng, here you are." Laughing, Yang Zhiyuan got up from his seat and said hello.

Then, Yang Zhiyuan called David Ferro and Tim into the small conference room.

"Well, let's hurry up, Tim. Let's discuss the specific financing situation at last."

"OK, it has been confirmed that representatives of de Fengjie, Intel investment, KPCB, IDG, Sequoia Capital and AOL will come to our company in the afternoon."

"Wow, it's all big companies and capital groups." Li Feng replied with a smile.

"Yes, I believe our Yahoo financing will create the history of Silicon Valley." Tim sighed.

Think about it, the Internet venture capital at this time is not like future generations. It is always tens of millions or even hundreds of millions of dollars of financing. At this time, those investments are up to millions, or even hundreds of thousands.

And then Yahoo's financing is to prepare hundreds of millions of dollars of financing, which is really to create the legend of Silicon Valley and the history of Internet financing.

......

Similarly, everyone is also very satisfied with these VCs. Let's see what they are.

Dfj: Although Li Feng doesn't know much about it, he can always be seen in future generations when some companies accept venture capital in China. For example: Baidu, focus media, etc. As for other small ones, I don't say much. There are too many, and Li Feng doesn't know.

Intel investment: This was specially set up by Intel. After all, Intel has natural advantages in an environment like Silicon Valley. Relying on Intel is definitely rich and powerful.

KPCB and Sequoia Capital: these two companies, also established in the 1970s, are called "Gemini in the venture capital industry", we can see the strength of the two companies.

IDG: its full name is American international data group, headquartered in Boston. Its subordinate IDG capital is known as the largest venture capital institution in the United States, supported by many powerful consortia.

If the expectation is not bad, the consortium behind it should be the Boston consortium. Although the consortium is getting worse every day, it is an old-fashioned consortium after all, "thin dead camels are bigger than horses".

AOL: known as one of the largest Internet service providers in the United States, it has strong financial resources. For AOL, Li Feng only knows that ICQ was acquired by it in 1998. As for others, it is also the sadness of ordinary people.

If you know the development history of AOL, you may be surprised again. AOL is definitely an important Internet service provider of the United States, with a market value of more than 100 billion in future generations.

It even merged with Time Warner to establish a new "AOL Time Warner company", an absolute capital giant. The founder of the company is also one of the business wizards and legends of Meidi.

Obviously, for Yahoo, many capital can't wait.

......

In fact, Li Feng doesn't know that many capital giants here pay attention to Yahoo, which is still due to himself. In fact, the current Yahoo model has become a benchmark on the Internet.

Many competitors are ready to revise the version and take Yahoo as the template. In the past month, Yahoo has attracted the attention of almost all Internet personnel.

Yahoo now, in fact, has a clear profit model similar to that before and after Yahoo's listing in the previous life in 1996. Therefore, it has attracted the attention of many venture capital.

You know, at this time in their previous lives, Yang Zhiyuan and David Philo were still in the small room of Stanford electromechanical room. They didn't leave Stanford campus until they got a 1 million venture capital from Sequoia Capital in April 1995, but divided 25% of the shares.

In the second half of 1995, son Zhengyi invested 2 million and got 5% of the shares. Until Yahoo went public in 1996, son Zhengyi proposed to invest 100 million US dollars and finally got a total of 35% of the shares of Yahoo.

At that time, Yahoo's valuation was slightly insufficient compared with Yang Zhiyuan's quotation, which was more than a year ahead of schedule. Therefore, we can see how good Yahoo's current form is.

......

As for the profit model, there was almost no profit model in the previous life at this time. It was not until 1996 that there was profit and began to slowly explore the profit model.

This is why Yang Zhiyuan dared to quote 500 million for Yahoo's current valuation, and some large investment institutions are still interested.

Although the traffic of Yahoo at this time can't be compared with that before and after its listing in 1996. After all, the number of Internet users is still small, but in terms of the share of Internet users, there is not much difference.

Think about the previous Yahoo listing day, the market value of more than 800 million, you can know.

......

Then, the people discussed. In the afternoon, Yang Zhiyuan and Tim were the main people. Zach provided legal basis, and Li Feng and David decided to meet venture capital together.