Chapter 985

"13 billion dollars to talk about?"

Lin Qingya was a little surprised and couldn't help asking Li Mu, "Mr. Li, we have now completed the split. In this case, can Sequoia still give us a valuation of more than 13 billion dollars?"

Li Mu nodded and said: "the valuation of more than 13 billion US dollars, a large part of which is corresponding to the developing YY, and a part of which is our share in PayPal. We should know that when we first took a stake in PayPal together with eBay, it was originally a big benefit promoted by three parties. When the two parties add up, the valuation of 13 billion US dollars is not much."

"You know, if Makino technology is an American enterprise, or YY is a product of an American enterprise, then it is also today's achievement, and its valuation will be higher."

Lin Qingya nodded: "I believe that the valuation premium of American capital to local Internet companies is at least 20% higher than that of overseas companies."

"What we want now is for Sequoia to give us the premium. The ideal c-round valuation of the split Muye technology is $15 billion," Li said with a smile

The $15 billion valuation sounds frightening, but since Li Mu began to plan YY globalization, the whole valuation of Makino technology has risen at a speed of rocket in the capital market.

At the same time, PayPal's market value soared. When it was tied up with eBay and PayPal, it made the company more recognized by the capital market. This not only brought the direct growth of market value to Muye technology, but also improved its influence in the international market and added higher added value to the enterprise.

However, what really makes the market value of Muye technology soar is the popularity of YY in the overseas market.

Now, in the whole North America, Europe, Japan and South Korea, among the high-end elites, YY has become a necessary office software, with great market influence, high market recognition, and unlimited prospects.

In China's stock market, according to the daily limit of 10% of the price limit, if a stock pulls seven price limit boards, the market value of the enterprise can almost double. In China's local capital market, as long as the good news is enough, even dozens of price limit boards have been pulled, not even a few.

According to the calculation of 10% increase of each trading board on the current basis, when the trading board reaches 30 in a row, the market value is 17.44 times of the initial value, and it only takes 30 trading days, that is, six weeks to complete the 17.44 times increase of market value.

With the rapid development of YY and PayPal's shares, Muye technology has made a huge breakthrough in the overseas market. At present, the achievements of Muye technology in the world have been enough to become an international first-line Internet enterprise. Therefore, even if Muye technology has been divided into multiple companies, the value of Muye technology, which is mainly based on YY, is not calculated as if it wants to start with 13 billion dollars High, the real transaction price must be above this amount.

As long as it is a product highly recognized by the market, it can have unexpected premium space, especially in the Internet, a highly conceptual industry, the premium ratio is even higher.

The premium space of the Internet industry, in proportion, is much more terrifying than the school district housing in Yanjing.

A promising Internet company, even if it loses money every year, is likely to achieve a valuation of tens of billions of dollars, such as JD.

From 2009 to 2016, JD has been losing money, and the more it loses, it lost 100 million yuan in 2009. By 2015, it lost nearly 10 billion yuan in one year, but its market value is growing.

Jingdong can do so, not to mention Li Mu's science and technology of pastoral areas.

The ideal situation in Li Mu's mind now is that Sequoia will give the split Muye technology a valuation of more than 15 billion US dollars. With this valuation, we will get 1.5 billion US dollars from Sequoia, and then immediately start the afterburner mode. In two years, we will burn all the money, and finish the NASDAQ listing before burning up, and then the aircraft carrier will really be built and launched.

Lin Qingya was shocked by the $15 billion. After a while, she went back to her senses and asked Li Mu, "President Li, if the round C financing is completed, we may have tens of billions of yuan of capital coming in. How can we spend such a large amount of money?"

Li Mu said with a smile, "don't worry about no place to spend money. In the future, there will be too many links where we need to spend money. Ten billion yuan is not really enough for us."

Said Li Mu, adding: "the goal of Muye technology is not to become an Internet company with high market value, but to become a great Internet company. I hope that the technology we develop will change the world in the future, so to achieve this goal, we must invest a lot of money in research and development."

"Does the R & D fund need such a large scale?" Lin said Mobile phone operating system,

Li smiled, and said, "maybe a hot R & D project in the future may require tens of billions of dollars or billions of capital support. I also hope we can have our own operating system, our own mobile operating system, our own mobile phones, our own chips, even our own cars, our own automatic driving system, and even we may want to have. If you want to achieve these goals with your own satellite network, let alone tens of billions of RMB, even the US dollar may not really be enough. "Lin Qingya spits out her tongue and rarely looks like a little girl. She says to Li Mu, "there are almost no other companies in China's Internet companies with a market value of more than 10 billion, except us. If we let them know that it will cost tens of billions to do Internet and develop a big project, they will be shocked, right? Or you 're scaremongering. "

Li Mu said with a smile, "it doesn't matter if you don't understand it now. In the future, you can understand it. The Internet industry is very interesting. Sometimes it's a coincidence that millions of investment projects can achieve a market value of several hundred million yuan, but hundreds of billions of market value projects can't be opportunistic. After that, at least hundreds of billions of investment will be needed for various supports. It's very difficult for enterprises that can't do this Grow to such a large scale. "

Lin Qingya listened to the clouds and mists, but understood that even if Muye technology got a valuation of $15 billion, Li Mu would not be satisfied. Even for him, this may be just a preliminary stage.

Thinking of this, Lin Qingya is full of a vision for the future of Muye technology. She suddenly feels that she doesn't even know what scale Muye technology can develop to.

She felt that she was in the middle of the miracle, but she couldn't see how big the miracle was or how big it could be, just like the vast universe. What she could see was only the planet she was on, but what Li Mu could see was a galaxy. Sometimes he opened a small window for himself in his speech and behavior Give yourself a chance to see a small part of the vast universe, even if it is only a small part, it is enough to shock yourself.

Unable to see how far the future is, Lin Qingya can only bring her focus back to her eyes, sighing: "President Li, Sequoia attaches so much importance to our round C financing, it seems that they no longer treat us as a Chinese local Internet enterprise."

"Of course." "Even though we haven't really taken the initiative to expand the overseas market, Sequoia has at least regarded us as a quasi multinational giant. Because of this, the financing of this time has gone beyond the functional coverage of Sequoia Huaxia company, which should be taken over by Sequoia headquarters," Li Mu agreed

Lin Qingya said with a smile, "then your trip to the United States must be planned for a few more days. By the way, I would like to express my sympathy to our employees in the United States."

Li Mu said with a smile, "I think if I want to go, I need to plan for at least ten and a half days, and then I will make time to visit our staff."

Lin Qingya asked curiously, "President Li, do you have to plan such a long time to go to the United States?"

Li Mu nodded and said, "Lao Ding gives me a suggestion. I hope I can meet the senior managers of Sequoia in the United States at the right time. At the same time, I also take this opportunity to meet some Internet tycoons in Silicon Valley and other Wall Street cowboys. I think what he said is reasonable. I hope I can meet some Internet tycoons in the United States and learn from them Pay homage to the wharf, at least get familiar with it first. "

From the perspective of YY's influence and huge development space in the United States, Li Mu will be warmly welcomed by the other side when he meets any financial tycoon or internet tycoon in the United States. This is not only a huge development of social networking, but also an effective way to improve personal popularity.

Ding Zhenglin has been in Sequoia for a long time. He knows many potential rules in the financial circle. If a new tycoon wants to be recognized by the whole society, he can not only meet the standards in terms of business scale and personal assets, but also try to integrate into the circle.

It's very difficult for a tycoon to become a recognized tycoon, but the people who mix with tycoons every day are not tycoons but tycoons in other people's eyes.

In Li Mu's social circle, there is no real Internet or financial tycoon. The heads of domestic Internet enterprises are not in a heavyweight position in front of Li Mu. The overseas Internet people, Li Mu, have also contacted Elon Musk, but his actual strength is far behind his own, and he has not formally stepped into the threshold of tycoon, what's more Not to mention him.

From the perspective of capital operation, Ding Zhenglin thinks that Li Mu lacks sufficient overseas exposure and overseas social context, and Li Mu also believes that if he wants to be an international card of the Chinese Internet industry, he must first let the overseas market recognize his identity and make himself the undisputed Internet tycoon in their eyes.

The only difference between Li Mu and Ding Zhenglin is that he thinks he should contact with internet tycoons this time when he goes to the United States. As for those financial tycoons on Wall Street, the significance is not so great.

Li Mu also has a clear understanding of himself. He knows that his ability to play Internet products or play capital based on Internet products is OK. But if he plays capital purely, he is basically equal to a primary school student in front of those Wall Street giants. He is not in a heavyweight at all. If he meets these giants, he will get familiar with them at most. I really want to know something about business It is very difficult to promote.

Moreover, Li Mu never wanted to pursue capital. In his opinion, it's not a skill for an entrepreneur to pursue as much capital as he can attract, which is the real strength.

So for his recent trip to the United States, Li Mu's plan is to actively contact Internet tycoons. As for capital tycoons, they should try their best to actively contact themselves.Among them, Li Mu is most interested in meeting the current Internet tycoon.

He wants to see Bill Gates who created Microsoft, jobs who created apple and Larry Page who created Google. In his eyes, these people are really great people in the Internet industry. The companies they create are also great companies in the Internet industry. Although they don't know each other, they are each other Lighthouse for the development and navigation of Internet industry.

……

PS: May Day is coming soon. I wish you a happy holiday. By the way, I'd like to ask for a minimum monthly pass,