Silicon Valley, Sequoia.
Everyone in the high-level conference room had a sad face.
Eric Hanks, who had just met Li Mu a few days ago, was also among them. Although he already had a bitter face, he had the best expression among the eight people present.
The other seven people, including the CEO, are all members of the board of directors, which is considered the highest level of the entire Sequoia.
A few days ago, when he came back from meeting Li Mu, the CEO sneered in this conference room and said: "Li Mu's desire to get a valuation of US$17 billion in Silicon Valley is simply a fantasy. It is absolutely impossible." Which venture capital company gave him this offer!"
When Eric.Hanks asked the CEO what his plans were, the CEO said firmly: "Plans? I don't have any plans for Makino Technology, which is worth 17 billion US dollars! In fact, I think we don't need to do anything, we just need to be patient and wait." Just stay there, Li Mu will definitely beg us with his tail between his legs after hitting a wall everywhere!"
At that time, all the board members agreed. They felt that since Sequoia had invested in so many companies and so many big companies, Makino Technology was really not in the first echelon. Since Li Mu was so arrogant, Sequoia would certainly not buy him. account.
However, everything changed so quickly.
The CEO stood in the conference room with a red face and said: "We must renegotiate with Makino Technology as soon as possible! This time we must be completely sincere!"
After saying that, the CEO looked at Eric.Hanks and said seriously: "Eric, you bring an offer of 1.7 billion US dollars to Li Mu tomorrow. As long as he nods, the 1.7 billion US dollars will be immediately given to Makino Technology's account. If Li Mu personally If he wants to cash out, we agree that he can cash out up to 20%!”
It sounded like a very good offer, but Eric. Hanks knew very well that this was only true before today. Although he didn't understand Li Mu's metaphor about gambling on stones that day, but now combined with Li Mu's big move, He had an instant epiphany.
In fact, what Li Mu wanted to express that day, to put it bluntly, was nothing more than: "You Sequoia are indeed an expert, but you can't see through the intrinsic value of my jade. Since you don't agree with my value, then I'll open one." The skylight allows you to see more clearly, but after my skylight was opened and such perfect condition was revealed, the price will naturally go up.
Therefore, Eric. Hanks stood up and said seriously to the CEO and other board members: "I don't think Li Mu will accept the offer of 17 billion US dollars. According to the current trend of this competition, Li Mu's psychological price will be certain It will improve significantly.”
The CEO said: "Don't confuse the logic. This competition is created by "Paradise Town", and "Paradise Town" belongs to Makino Games in terms of capital relations and has nothing to do with Makino Technology. Even if Makino Technology can follow and enjoy A little bonus, this bonus won’t be too high. We previously recognized Makino Technology’s valuation of US$16.5 billion. Now we add the bonus from Makino Games and recognize its valuation of US$17 billion. The valuation has increased by US$500 million, and we are already very generous!”
The CEO really feels that the valuation increase of Makino Technology by US$500 million is already very high. With a US$500 million valuation increase, if Sequoia negotiates a 10% stake, it will have to pay an additional US$50 million. , Fifty million US dollars is definitely a huge sum of money.
But Eric. Hanks knew in his heart that with Li Mu’s pride and confidence, even if a gun was pointed at his head and he was forced to agree to a valuation of US$17 billion, he would definitely reply: "NO" !”
So Eric.Hanks said: "Let me tell you a story that Li Mu told me that day. The story is a bit long and I can't remember it completely, but I still remember it in general."
Everyone looked at him. Eric. Hanks sorted out the language and retelled Li Mu's story about gambling on stones as much as possible.
When he finished speaking, the scene fell into silence for a while.
In this way, the game in "Paradise Town" is actually a skylight opened by Li Mu to buyers. Once this skylight is opened, the price will soar.
Eric.Hanks saw that everyone was silent, so he said: "To be honest, I think with Li Mu's character, if we take the initiative to find him again, the price must meet his psychological expectations, otherwise, he will still give up nothing." Don’t hesitate to reject us.”
The CEO pursed his lips for a long time, and kept beating the drum in his heart. As the CEO, he is the one in charge, and the other six board members in the conference room are the real bosses.
The problem now is that he has just taken office and has not made any huge contributions during his tenure. This time, the deal that was originally worth 17 billion US dollars may be increased to 17 billion US dollars due to his misjudgment. 1.5 billion US dollars or even higher, which is undoubtedly a reflection of his own lack of ability.
So, the CEO said: "We can re-set a base price for Makino Technology, but when we negotiate, we should use 17 billion US dollars to negotiate first. I think Sequoia's strength in capital operations and capital relations, This is what Li Mu urgently needs. Someone like him should have a strong view of the overall situation and be able to achieve cooperation if he understands the truth."
At this point, the CEO added: "If it doesn't work, we will take the initiative to raise the price and try to get it within the base price."
Eric.Hanks sighed inwardly, this CEO is indeed not good enough, and he still wants to gamble on luck at this time. Isn't this just a dream
However, Eric.Hanks still asked: "Then what is the base price we will set this time?"
The CEO said almost subconsciously: "One hundred and eighty, oh no, one hundred and seventy-five billion US dollars!"
He didn't dare to add too much, because there was a reference standard of 17 billion US dollars. The more he added on this basis, the more he proved his lack of ability and misjudgment.
This time, not only Eric. Hanks was lamenting in his heart, but also the expressions on other people's faces were a little strange. The elderly board members looked at him with obvious disappointment and dissatisfaction in their eyes.
The CEO himself also realized that the quotation he just quoted seemed too small, so he hesitated for a moment and said: "Let's let the evaluation team come in and do a quick evaluation."
Although the CEO's situation was suddenly blocked due to personal reasons of finding a way forward for him, Sequoia's extremely professional evaluation team was not affected.
In the conference room, they immediately made a quick assessment based on the possible social influence of the "Paradise Town Cup-Top List of School Girls in the United States" and the performance improvement brought by Makino Games and Makino Technology. The results of the assessment made Everyone was stunned.
The chief director in charge of financing evaluation solemnly announced the results to everyone: "We believe that, taking into full consideration the impact of this competition, the conservative valuation of Makino Technology will exceed US$19 billion. , there is a high chance that the valuation will exceed US$20 billion.”
The CEO went crazy first and blurted out: "Why is it so high?"
The evaluation director was extremely responsible and said: "We must fully consider the product model of Makino Technology. Its core product is YY. Although from a capital perspective, YY and "Paradise Town" no longer have an actual capital relationship, but from a technical perspective At the level of operation and operation, they have always been two products that are deeply bundled. The most important thing is that these two products are common at the user data level. The users of "Paradise Town" have begun to explode, and it will inevitably happen in the future. will continue to grow, and all users of "Paradise Town" are potential users of YY. YY can even realize the one-click registration of "Paradise Town" users on YY through the common data in the background, and completely transplant them on YY All the connections on Paradise.”
"Based on YY's current leadership in product functions, our evaluation team can basically reach a consensus: the vast majority of MSN and ICQ users in the United States have not yet switched to YY for two reasons. First, I don’t know about the YY software; secondly, I do, but because it is troublesome to migrate people, they continue to use other products. However, once these users start to enter "Paradise Town", they will happily migrate and accumulate lines during the game. If you have good connections, the chances of these users giving up the original product and choosing YY will increase significantly. We can even responsibly say that 80% of users of "Paradise Town" will become YY user.”
At this point, the evaluation director saw everyone's expressions of extreme surprise and said very seriously: "The predecessor of "Paradise Town" once helped YY defeat a Chinese instant messaging software with a market share of more than 90%, and the victory The speed is overnight. Therefore, the more popular "Paradise Town" is, the broader the prospects of YY will be. With the current influence of "Paradise Town Cup-Top School Beauties in the United States", YY's full bloom in the US market is just around the corner. , so the valuation of US$19 billion is not high, and can even be said to be very, very conservative.”
"Everyone knows how high the payment ratio of YY is among the elite groups in the United States. If it can also have a good payment ratio among other user groups in the United States, then YY's revenue will definitely be greatly improved. By then , many benefits such as turnover, traffic, prospects, influence, etc. are working together, and the valuation of 20 billion US dollars may not be able to stop it. If I were to evaluate it completely objectively, I think as long as Li Mu can make this game a success At the extreme end, Makino Technology’s valuation is at least over 22 billion US dollars…”
Hearing this, everyone here couldn't help but feel dizzy. They have done a lot of big deals, but this is the first time they have encountered such a big deal that the price has increased so fast. Those with a weak heart really can't stand it...
I thought Li Mu had dug a well before, but now I know that he dug an oil well...
The most important thing is that before this well produced oil, I had the opportunity to participate in it. As soon as I hesitated, the well started to spray out oil, and it was a violent spray, which was very harmful to the people in the conference room. For everyone, this is the feeling of being a lost dog.
There was a thud in the CEO's heart, and he felt like his heart was shattered into pieces like broken glass.
Just as heartbroken as him was Mark Zuckerberg, the young, shy and smiling engineering man on Harvard campus...
… …Dividing line… …
PS: The third update arrived. I know I still owed a chapter the day before yesterday. Let’s see if I can make up for it tomorrow.
In addition, I would like to ask everyone for a favor. Seeing that May has passed, please save the guaranteed monthly tickets in your hands and vote for Perfect Era tomorrow night! Recently, the website has not received any recommendations, and the ranking has dropped sharply. I can only rely on you! Thank you without singing!
(End of chapter)