Chapter 42

Zach saw that Li Feng had been silent and seemed to be thinking about the problem, so he didn't bother. When he arrived at the airport and bought a ticket, the three soon arrived in San Francisco.

"John, why are you still thinking about something? It's all in San Francisco. It's not a good situation for you to talk to Michael and them later. "

"Oh, yes, I have nothing to do. I don't know what the situation is. I don't know if Sequoia Capital can help me."

"John, it's no big deal. Even if they don't want to, if you have to borrow money, it's just how much."

Listening to Zach's statement, Li Feng couldn't help laughing. Why do you think so much? The boat will go straight at the end of the bridge. Wait until it's over. It seems that he can't practice well. He's worried about gain and loss.

Then he talked and laughed with Zach and Bob.

......

I don't rent a car this time. When I get out of the airport, I directly call a taxi to Silicon Valley. Anyway, it's only dozens of kilometers and not far.

When you arrive in Silicon Valley, you don't stop and go directly to the dune road known as the "road of venture capital".

Li Feng just got out of the car, but he saw Michael Moretz coming out with Yang Zhiyuan and David Philo.

"Jerry, David, you two are here."

"Hehe, after all, you want to mortgage Yahoo shares. They'll come and have a look. They're probably worried about you." Looking at the embarrassed look of Yang Zhiyuan and David, Michael Moritz took the lead in explaining.

Obviously, although Li Feng's request for a share mortgage has been known and passed, they are still not at ease.

......

"I value Yahoo's shares very much. In fact, I'm still waiting for Yahoo to go public. Therefore, Jerry and David, rest assured that I will never give up Yahoo's shares."

Li Feng can't explain this situation, and Li Feng doesn't want to hide it. After all, if he really invests in Netscape at that time, he can't hide it.

"Well, Mr. Valentine and his partners are still waiting for you. Go in and talk." Michael Moritz suggested with a smile.

Looking at the wooden two-story villa in front of him and the surrounding small villas of the same type hidden in the trees, Li Feng felt a sense.

Ordinary people can't imagine that those venture capital companies on the dune road known as "Wall Street on the west coast" are hidden in these wooden villas that look like farmhouses.

He nodded, and then they walked into the headquarters of Sequoia Capital.

......

With Michael's guidance, everyone entered an office. In addition to Tang Valentine, whom Li Feng had known before, there were several partners of Sequoia Capital, who can be regarded as the managers of Sequoia Capital.

After the introduction of the two sides, Li Feng immediately put forward his own requirements. Li Feng knew that it was best to talk directly with these old foxes.

"Ladies and gentlemen, I think you should also know that I have put forward my intention to ask Sequoia Capital or one or several of them to help with a loan from the bank with Yahoo shares as collateral.

Before making this proposal, I have reached an agreement with Yahoo's Yang Zhiyuan and Mr. David Philo, who agreed to my proposal. "

Then he looked at Yang Zhiyuan and nodded to understand the situation.

......

"Now I offer two schemes. One is guaranteed by Sequoia Capital. I mortgage Yahoo shares with a loan of 50 million and a loan period of one year;

Second, if Sequoia Capital is willing, I can directly mortgage Yahoo shares. Sequoia Capital can directly lend me 50 million for the same period of one year. I can directly give 20% interest, that is, I can repay 60 million at this time next year. "

After saying that, regardless of the surprise of the people, he looked at the expressions of the people, sat down and waited for a decision. In fact, according to the shares of Li Feng and Zach, even according to the original valuation of 400 million, it is far more than 50 million. Therefore, people are not surprised at the amount of 50 million.

At first, they thought that their shares would be mortgaged together. Later, they thought that their shares had exceeded 50 million from the initial financing price of 400 million, so they gave up Zach's low-pressure plan.

Originally I wanted to borrow money from the bank, but then I thought, Sequoia Capital just has a lot of money. Maybe it's OK to borrow directly. It's a big deal that the interest rate is high. This is Li Feng's second proposal.

......

"Well, Mr. Li, to be honest, I've lived most of my life, but Li, I've never seen a young man as old as you, although I've been surprised and expected since I met you.

Let's sit here and see what you were doing when you were 15, and our "son" often borrows US $50 million by mouth.

It seems that there is nothing wrong with Yahoo people naming you "the son of God."

The meeting room was quiet for about a minute, Valentine joked. Then he shook his head and laughed in the meeting room.

"To be honest, Sequoia Capital is willing to help you in principle. After all, with your stake in Yahoo, it has exceeded the value of 50 million at present.

But I'm curious about what our "son" is going to do with the money. Of course, if it's confidential, you can't answer. "

After that, he looked at Li Feng. In fact, at this time, the rest of the people stared at Li Feng and wanted to know what Li Feng was going to do.

You know, except Zach Bob, Yang Zhiyuan and David, all of you are investors, and Li Feng is the first to invest in Yahoo. Look at the value of Yahoo now, Li Feng has made a lot of money. Therefore, you can't pay attention or not.

......

"In fact, this is what I want to say next, even including how I found Yahoo, but I hope all of you here can ensure that today's words can't spread.

Therefore, I specially asked Zach to make a confidentiality agreement. I hope you can have a look. After all, what I want to do next involves my own trade secrets. "

Then he motioned to Zach and took out a confidentiality agreement. This is already ready. After all, if you want to contact Netscape next, you also need their help. Therefore, you don't want to keep it confidential.

The content of the confidentiality agreement is actually very simple. I hope what I said today will be kept confidential and will not involve anything else.

After listening to Li Feng's words, the people looked at it once and felt it didn't matter. Then they signed, including Yang Zhiyuan and David Philo.

Everyone wants to know how Li Feng took the lead in mining Yahoo and what he is going to do with such a large sum of money.

......

"Before talking about Yahoo and my investment plan, I'd like to make a digression. Of course, this is the premise for me to do things. If you are interested, you can listen."

Although Li Feng is not a professional about the Internet, I believe no one knows more about the Internet than Li Feng. Therefore, Li Feng is ready to let everyone see the power of reborn people.

"Let's talk about how to form a market. In fact, the simplest thing is that a large number of people need to use it. Only in this way can the market prosper.

Then let's talk about the Internet. Why did the Internet appear long ago and not prosper.

In my opinion, there are too few users. People who do not understand professional knowledge will not use the Internet and computers. Computers have become the use of many laboratories and professionals. Computers are still too far away for ordinary people.

I think this may be thanks to some companies, such as Cisco. As far as I know, Cisco is still one of the companies invested by Sequoia Capital;

For example, some operating system companies - Microsoft, the current operating system allows people to use without professional computer knowledge, which opens the market for computers to be used by ordinary people.

For example, the emergence of the world wide web (WWW), free applications and making the Internet known have laid the foundation for the development of the Internet.

......

I don't know if you have noticed. Since the emergence of the Internet, it has been used by some professionals for decades. Before 1994, millions of people in the United States used it at most.

Now, I think Yahoo can best explain the situation. With the popularization of computers to the public, Internet users are developing rapidly. As far as I know, there are nearly 20 million Internet users in the United States.

In other words, tens of millions of Internet users have been added in just over a year. So what makes the sharp increase of Internet users.

In my opinion, there are two aspects. One is some basic conditions I mentioned earlier, such as the emergence of simpler and simpler, or fool like operating systems; Popularization of network equipment; The emergence of the world wide web has laid the foundation for the Internet.

The second is the emergence of the browser, the emergence of the graphics browser, so that any information on the Internet can be displayed on the computer screen through the browser, which can be said to have opened the door of the Internet.

......

Only by allowing ordinary people to make extensive use of the Internet can it become a real virtual world.

Whether the more and more stupid (convenient) computer operating system, the emergence of the world wide web (WWW) or the emergence of browsers have laid a solid foundation for the development of the Internet.

At this time, the unique advantages of the Internet will be displayed in front of everyone. The Internet has begun to affect real life.

With more and more Internet users, the Internet will naturally become more and more prosperous. I don't think anyone will object to this.

Before 1994, the Internet was still dominated by professionals. After all, it was still troublesome to surf the Internet. Now... "

Speaking of this, Li Feng shrugged and didn't say a word after looking at the people.

In fact, everyone felt that Li Feng made some sense. Listening to him, it seemed that the spring of the Internet had been opened. Maybe you can pay more attention to Internet enterprises when investing in the future.

What the partners of Sequoia Capital don't know is that this idea made them make a lot of money in the early stage of the Internet.