In the eyes of Mr. Li, Li Mu came up with two plans: one day, one place, one life, one death. Both plans were equally paranoid and radical, which made him feel that there was no sense of violation. Paranoid people It's all like this. One thought is genius and the other is idiot. This kind of person is especially obvious in the war years. The most typical example is Hitler, the leader of the Communist Party. The military concept of blitzkrieg pioneered the motorization of modern warfare, but he always committed two-front warfare. This kind of taboo among military strategists ultimately led to failure.
In fact, the current Mr. Li himself doesn't know that he is also a potential paranoid.
One year in the future, when Baidu became a great success, Li Mu once read an autobiography of Mr. Li. In that autobiography, Mr. Li was most satisfied with his many years of working in the Internet industry: focus. He said that Baidu is A company that focuses on search only does search-related business and disdains games and e-commerce.
However, when Baidu later realized that what it really lacked was a complete ecological closed loop, it was too late to try desperately to improve itself. Because of its so-called focus, Baidu missed the two Internet platforms of e-commerce and gaming. The super sector of the industry. Later, when O2O became popular, Tencent and Alibaba started fighting in the field of mobile ride-hailing and all the way to the field of takeout and group buying. The fight was in full swing. Only then did Baidu realize that it had fallen far behind and was desperate to catch up. , When you invest heavily in O2O, it is already too late.
Mr. Li saw extreme paranoia in Li Mu, and even forgot that he also had the blood of paranoia flowing in his bones. He just felt that this young man was finally more like a mortal, because mortals make mistakes, and Li Mu never did anything. From listening to the Internet to starting Tieba to establishing Mumuye Technology and 3321, he has never made any mistakes in many major decisions.
In addition, Li Mu was extremely optimistic about MP3 today, which almost made him doubt how Li Mu, a young man under twenty years old, had such courage and vision. But now he felt that Li Mu also had wrong vision sometimes, such as his Extremely optimistic about navigation sites.
Mr. Li said: "I have a different view from you on the prospects of navigation websites. I think the ceiling of this product can be easily touched, and it is purely a product that serves the primary Internet form. It will be eliminated sooner or later. "
Li Mu waved his hand: "That's because you have ignored its huge potential in gathering traffic. With it, it can control millions or even tens of millions of netizens every day. Whatever you push to them, they will watch and play. What, if we use this traffic entrance and provide in-depth services, we will definitely be able to stir up the entire Internet industry."
Mr. Li was a little unsure after being denied so directly by Li Mu, and his tone became a little cold: "The navigation station does not have any products of its own. It is just a hyperlink concentration camp. Apart from traffic and a bunch of hyperlinks, it is just an empty space. Kezi, if you want to provide in-depth services on the basis of empty Kezi, it means that every service and every product needs to be developed and improved by yourself. This cost of manpower and material resources is very high. Once in the middle If the capital chain is broken, the only outcome will be death!"
Li Mu frowned: "Who told you that you can only die? What if I can live?"
Mr. Li also became angry and said sternly: "According to you, your survival rate is pitifully low, even less than 30%! Now Hao123 is the industry leader. It is too difficult for you to surpass him. He now has Traffic, word-of-mouth effect, and advertising cash flow income, what about you now? If you really start to burn money, will the money on the book be enough for you to burn for three months? Even if Tieba sells all the advertising spaces that can be sold, how can you How much profit will it bring?”
"You have to understand that as long as your traffic is lower than Hao123, your traffic and income cannot be equal. Assume that Hao123 can earn 100,000 yuan per month with one million traffic, and you can earn 50,000 yuan per month with 800,000 traffic. There is no guarantee. The most important thing is that you have to keep spending money to buy traffic to surpass Hao123, but think about it, will Hao123 sit still and wait for death? It is an asset-light and high-return project. Unlike you who are dragging along a Makino Technology, he is a Earn hundreds of thousands a month at less than one-tenth of the cost. What about you? What would you do if he also spends money to buy traffic to compete with you? What would you do if he raises money out of anger? What advantage do you have?"
Faced with a series of questions from Mr. Li, Li Mu snorted coldly and said in a bad tone: "My advantage is my brain! I am absolutely sure to kill Hao123 in 2002. As long as you agree to increase capital, I will be fine!"
"Impossible!" Mr. Li flatly refused: "Under the current situation, it is absolutely impossible for us to increase capital. This kind of capital increase is a bottomless pit. Spending money on this bottomless pit will make the capital side completely lose confidence in Makino Technology. By then, Even if you want to get round B, you can get it!"
Li Mu also showed an attitude that he would never be persuaded, and said arrogantly: "I am the major shareholder, and I am asking for an increase in capital. If you refuse, then I will join forces with another shareholder to increase capital. How much capital we will increase by then will be yours." The shares will be diluted proportionally!"
Mr. Li said: "It doesn't matter. The current valuation of Makino Technology is at least 300 million. If you want to increase your investment by 20 million, it will only be 200,000 even at each point. We at Baidu only need to invest 2 million. If We refuse to pay the two million, and if you calculate it based on the current valuation, we won’t lose much.”
Li Mu said coldly: "Mr. Li, you were not present when the contract was signed, were you? The contract we signed with Mr. Tan clearly stated that in the event of a dispute over equity or capital increase, we agreed to resolve it according to the company's last financing valuation. It is not based on market value, so let me tell you clearly, if you refuse to increase capital, and I and other shareholders add 20 million in capital, your shareholding will almost be cut in half!"
Mr. Li's face was stern, and he asked Tan Yaocheng sideways: "Is this how you signed it?"
Tan Yaocheng nodded awkwardly: "I also told you about the original situation. Li Mu was relatively strong in this area. At that time, you meant that in order to ensure the success of financing, certain issues could be compromised..."
Mr. Li's face suddenly darkened: "Are you trying to kidnap us?"
Li Mu said expressionlessly: "I told you, you don't need to increase your capital, as long as it is diluted."
Mr. Li thought about it with a cold face for a moment. Li Mu is the major shareholder and he has the absolute right to request an increase in capital. If he agrees to increase the capital, everyone will pay their share in proportion. If he refuses, it is normal for the shares to be diluted. But Mr. Li is now very The paradox is that the MP3 business is really promising, but the navigation website project is also really bleak. He does not want to invest in Makino Technology and experience success and failure at the same time after the split. However, if he refuses to finance, Baidu will be here The proportions of both businesses will be diluted equally, which is even more painful.
Li Mu’s plan for the navigation website is too dangerous, and if Li Mu wants to split up the company, he must increase capital first and then split it up. Isn’t this a lie? If he could first split up Yiting.com and put it into another shell, and then use the name of Makino Technology to ask for an increase in capital, he would not be so entangled as now. In the worst case, he would let you dilute Makino Technology's shares. Well, it is a plan with no future anyway, and it will probably drag down Tieba to death in the end, so I don't care that much, as long as I can keep the 10% of Yiting.com.
Thinking of this, Mr. Li's eyes suddenly flashed with a few gleams, and he suddenly thought of a possibility, a dilemma that businessmen fighting on two fronts most often fall into - tearing down the east wall to make up for the west wall.
If Li Mu falls into the quagmire of navigation websites in the future, and if no one is willing to continue investing in Makino Technology, his Makino Technology will be on the verge of death. With Li Mu's paranoia, he will never let his project fail. He will definitely think In order to raise funds, we must maintain the navigation website and wait for the dawn to come.
The most obvious choice for Li Mu at that time is to sell the shares of Yiting.com and then invest in Makino Technology.
If Baidu can do a good job in taking over the company at that time and take advantage of Li Mu's dilemma of fighting on two fronts, it will be easy to get more shares of Yiting. Even if it is a controlling stake, it is possible.
Mr. Li thought this way, so he didn't think that Li Mu's paranoia was a bad thing. He pretended to be thoughtful, and after being silent for a long time, he said to Li Mu: "Otherwise, if you insist on splitting up, then we won't do anything more." Interference, but our only request is to increase capital after splitting.”
When Mr. Li said this, Li Mu was almost so excited that he almost revealed his secret.
He sensed Mr. Li's intention. He no longer wanted to stay on the Makino Technology ship. Since Makino was to be split into two ships, he wanted to shift his focus to the Yiting.com ship. On Makino's side, since If he can't make the decision and doesn't want to be taken advantage of and throw money into it, he can semi-give up and let himself toss. As long as he ensures the development momentum of Yiting.com, he can guarantee the return on investment.
This was better than Li Mu expected. He originally wanted to intensify the conflict first, and then take the initiative to propose a separation when the conflict became irreconcilable. However, he did not expect that Mr. Li had already expressed this intention, and the situation seemed to be more proactive.
Li Mu suppressed the excitement in his heart, but deliberately pretended to be very dissatisfied and asked: "Mr. Li, what do you mean? Are you so unfavorable to my future plans for Makino Technology?"
Mr. Li sneered: "It's not that I'm not optimistic about it, it's just that you and I have different focus points. To be honest, I am interested in navigation stations, but I am definitely not going to build one myself."
Li Mu pressed the question: "Then you want me to split it up first, do you mean that after I split it up, you will not participate in the matter of increasing investment in Makino Technology and developing a navigation website?"
Mr. Li knew that he could not hide it from Li Mu. Now that he had no say in Makino Technology, he could only talk to Li Mu. So he nodded and said, "To be honest, I really don't want to participate."
Li Mu nodded without saying a word, his face turned black to carbon, and his heart was filled with joy...
(End of chapter)