Why does Elon Musk pay so much attention to Li Mu, and even take the initiative to send favors from the other side of the ocean? It's just a favor, and he can't wait to come to China to interview Li Mu. What is his plan
Not only Li Mu couldn't figure it out, but others couldn't figure it out either.
When you think about it roughly, there seem to be many possibilities, but upon closer inspection, the assumptions made are basically unreliable.
Just when everyone was confused, Brother Liu said: "I don't know much about Elon Musk, but I have heard about Paypal for a long time. They are developing rapidly overseas. Is it possible that I am looking for you this time? Do you want to use Makino Technology to enter the domestic market?”
Li Mu said: "If Elon Musk doesn't know that I have Taobao and Alipay, or doesn't understand these two products, it may be possible, but people like Elon Musk should have done enough homework in advance. He will definitely Knowing that I not only have Makino Technology, but also Alipay, in this case, how could I let his Paypal in? If he really wants to come in, he should not come to me."
Senior Brother Liu nodded: "That's true. This kind of person should do enough homework before implementing the plan."
Lin Qingya asked Li Mu at this time: "Mr. Li, this Elon Musk's current net worth should be much lower than yours, right?"
Li Mu smiled and said: "His Paypal should be worth more than one billion US dollars, but his shareholding should not exceed 20%."
Lin Qingya smiled and said: "That's far worse than you, so I think he must be asking for something from you, so he is so active."
Li Mu asked her: "What do you think he needs from me?"
Lin Qingya said: "To put it bluntly, it must be related to money. To confirm this, there are only a few motives he can have."
After saying that, Lin Qingya added: "Either I want to invest in you, I want to borrow money from you, or I want to do business with you, these are the only possibilities."
Li Mu frowned, as if he had grasped some key point from Lin Qingya's words.
At this time, Leader Lei suddenly realized it and blurted out: "I probably understand!"
Li Mu hurriedly asked: "Mr. Lei, what do you think?"
Leader Lei said: "If I remember correctly, Paypal started negotiations with eBay some time ago, right?"
Li Mu didn't pay much attention to Paypal before YY became popular among overseas elites. However, in his memory, eBay's official acquisition of Paypal should be this year, maybe in the next month or two? We should be in a critical period of negotiations now.
At this time, Master Lei said again: "I think Elon Musk is looking for you because he wants to sell Paypal to you!"
Li Mu was stunned.
"Sell me Paypal? How can I afford it? It's more than 10 billion yuan."
Leader Lei smiled and said: "Each of the Internet giants in the United States are half-capitalists. Their entrepreneurs know more about capital operations than our entrepreneurs. There are several reasons for my consideration."
"First, Elon Musk is a talented person and a businessman. Since he and other founders want to sell Paypal, they must want to maximize profits;"
"Secondly, Paypal currently has few potential big buyers, namely eBay and Amazon, but eBay is obviously more enthusiastic than Amazon, so this is why Paypal has been negotiating acquisitions with eBay;"
"Third, YY is now extremely popular in the United States. It has created such a big response in the American market and such a high daily recharge flow. The valuation must have skyrocketed, and Elon Musk must know that Makino Technology is planning to raise funds recently. C round, so he knows very well that even if you don’t have enough money to acquire Paypal now, you will still be able to acquire Paypal once you raise funds soon;”
"Fourth, and most importantly, I think Elon Musk values the future of YY and Makino Technology. Therefore, if Makino Technology is interested in acquiring Paypal, then he certainly does not want Makino Technology to acquire it all in cash. In the end, The best thing would be to be acquired by Makino Technology using a share + cash model and ride on the soaring rocket of Makino Technology;”
"Fifth, for Elon Musk, the cost of his trip to China is very low, but it can bring huge pressure to eBay. Once eBay thinks that Makino Technology may reach cooperation with Paypal, it will definitely Force them to increase the price of acquiring Paypal. After all, eBay not only has to worry about Paypal slipping through your fingers, but also worries about Taobao in your hands and worries about you using Paypal to take Taobao overseas in the future! So for Elon Musk He said that as long as he comes to China, no matter what the outcome, he will definitely win. If he reaches an agreement with you, his profits can be maximized; if he cannot reach an agreement with you, eBay will definitely give some extra premiums. Ensure Paypal's successful acquisition."
Leader Lei's comprehensive analysis made everyone think quietly after listening to it. Li Mu also considered Leader Lei's judgment in his heart. The more he thought about it, the more he felt that what Leader Lei said made sense.
Elon Musk is a smart man. He took the initiative to give YY the highest rating and priority, and also took the initiative to help promote YY in the United States. This actually cost him nothing, but he actually earned a lot of money here. It was a small favor, so he said he wanted to come to China to see him, and he agreed without any hesitation.
In addition, if Elon Musk does this, it doesn’t matter even if he doesn’t get a positive response from him. As an intermediary payment channel, Paypal endorses YY in the US market. This in itself is releasing a kind of love to the US market. There is an atmosphere of ambiguity, especially for companies like eBay. When they see the ambiguous situation between Paypal and Makino Technology, they will definitely feel anxious. If Elon Musk comes to China to meet with him, it will only be a big deal for eBay. Will be more anxious.
After thinking about it for a moment, Li Mu felt clear in his heart. He looked at Master Lei and said with admiration: "Mr. Lei's analysis is very in-depth. I think your speculation is 90% possible."
Others also strongly agreed with Leader Lei's speculation, because no matter how you looked at it, his speculation was the most tenable.
Leader Lei smiled at this time and said: "Thanks to Mr. Lin's reminder, I can figure out the key."
Lin Qingya said with some embarrassment: "Mr. Lei, you are too polite. I am just trying to attract others..."
Senior Brother Liu laughed and said: "You two, please stop being modest. Now is not the time to be modest. We have to think carefully. If Elon Musk really wants to sell Paypal to Makino Technology, is it necessary for Makino Technology to sell it to Makino Technology?" Did it win?"
Paypal is the largest and most mature payment channel in the world. There is no doubt about this. If such a behemoth in the payment field can be absorbed, it will indeed greatly improve Makino Technology. No one will doubt this. But the most important thing is that Paypal's valuation is too high. If Makino Technology can hold on and make another push in overseas markets, it is estimated that it can stand on the valuation level of 40 to 50 billion yuan. Of course, capital is not excluded. The market is extremely optimistic, flocking to it, and giving extremely high premiums.
However, 40 to 50 billion yuan, corresponding to about 6 billion US dollars, Li Mu and other shareholders will not accept a large proportion of dilution, so 10% is the best choice, but 10% can only bring in 600 million U.S. dollars, it would cost more than one billion U.S. dollars to acquire Paypal, and the hole is still huge.
What should I do if the hole is big? If you don’t have money, you can only make up for it with shares. I believe Elon Musk has the same idea. In exchange for some cash, Paypal will be integrated into the Makino Technology system. In the future, if Makino Technology takes off, Paypal will also take off. It will be better than selling it to eBay, It is much better to be independent from now on, and there will be more room for imagination. However, if Li Mu acquires Paypal with half cash and half shares, it means that in addition to diluting 10% of the shares to capital, he will also dilute another 10% of the shares to the Paypal team. .
This ratio is too high!
Paypal is certainly awesome, but Li Mu is not sure because it is useless for him to use Paypal right now.
In other words, in the next few years, Paypal will be of no use to Makino Technology, and if you give Paypal to yourself now, Paypal will probably die in your hands soon. The reason is very simple, there is no strong platform support. .
If you want to maintain the market share of payment channels, you must rely on e-commerce platforms. This is how Alipay survived and grew in the previous life, because it can rely on Taobao and Alibaba. The online transaction volume of these two platforms alone, It is enough for Alipay to become a world-class payment channel in terms of transaction volume. The reason why Paypal can shine in the future is inseparable from eBay's global development in the past few years.
If Alipay does not have the support of Taobao and Alibaba, this payment channel will gradually become lonely, because other e-commerce platforms will definitely build their own payment channels and will not be controlled by others on payment issues. By then, Alipay's own The value will become lower and lower. When users find that Alipay cannot be used for payment on many platforms, they will naturally gradually abandon it and choose others;
Because of this, Li Mu feels that he currently does not have the ability to support Paypal, a huge payment channel on a global scale. Relying on Makino Technology's small flow of water, at most it can only be one of the countless companies that connect to Paypal. If he wants to support it, Paypal is far from enough. If you get Paypal in this situation, global e-commerce companies like eBay and Amazon will definitely develop their own payment channels immediately. No matter how difficult and laborious they are, they will not let them Payment channels are controlled by other companies.
And Li Mu is also self-aware. He can push YY overseas and use an excellent hot-selling product to make a huge difference, but he will not be able to push Taobao overseas in a short time, or even in the next few years. The cost is too high. Heavy, without the support of more than 10 billion US dollars, it is basically a wishful thinking to develop e-commerce in developed countries, so Paypal is even more meaningless to me. What do you want him to do
So on the whole, if Elon Musk wants to sell Paypal to Li Mu, Li Mu will definitely refuse, but Master Lei is right. It is very likely that Elon Musk himself knows that Li Mu will refuse, but it doesn’t matter, he This time, he came with the mentality of "friendly encounter". Li Mu has agreed to meet. As long as the two of them meet, Elon Musk will have the capital to find eBay, or force eBay to take the initiative to transfer more interests.
When Li Mu thought of this, he couldn't help but smacked his lips, shook his head and sighed: "Elon Musk is really not an ordinary person. It seems that he has recruited me this time."
After saying that, Li Mu smiled helplessly and said: "But it doesn't matter. After all, he gave me a favor first, and I have to return it to him due to both kindness and reason."
Leader Lei sighed: "It's a pity. It's a pity that we are not strong enough to digest a behemoth like Paypal."
Li Mu nodded: "No matter who Paypal is sold to, as long as it is sold to a powerful and global online trading platform, it will definitely become bigger and stronger. After being incubated for a few years, it will definitely be split off and listed independently in the future." no problem."
Senior Brother Liu couldn't help but say: "If Paypal has a suitable maternal body development, it must be at least a tens of billions of dollars product, right?"
Li Mu smiled and said: "Thirty to fifty billion US dollars is no problem."
Senior Brother Liu looked regretful: "Hey, it feels like you know that there is a little girl who will be very beautiful in the future, but now you can't get involved... What a pity..."
Li Mu was startled, his chin almost dropped to the ground, and he blurted out: "Fuck, Senior Brother Liu, your thoughts are very dangerous! Don't have such thoughts! Stay with Sister Xiaojing and stop worrying about those comparisons." Do you know that you, a girl who is ten or twenty years younger, is violating the criminal law?"
Senior Brother Liu was stunned and said: "I'm going, where did you want to go? I was just making an analogy, how could a person like me be really interested in a girl who is ten or twenty years younger than me..."
Li Mu looked at him warily and said, "Be careful when you talk nonsense!"
Senior Brother Liu felt very baffled. He didn't understand why Li Mu had such a big reaction to his metaphor.
Li Muxin said that in the future, she should really guide Senior Brother Liu's three views. In the future, he must never openly marry a girl twenty years younger than you. Such a big entrepreneur would not handle this matter openly.
After flipping through this article, Li Mu felt that Senior Brother Liu's metaphor was somewhat interesting. Now he knew that he couldn't afford Paypal, and it would be useless, but it still hurt. You must know that this product will be worth at least 50 billion US dollars in the future. It is now worth 1.5 billion US dollars. If you miss it like this, I will probably feel pain when you think about it in the future.
At this time, Li Mu kept knocking on the table, as if talking to himself, and said in a loud voice: "Grandma, you said I can't swallow it all, but you can just let me bite off a piece of meat." ! I didn’t want to take it all, I just wanted to eat a piece of meat!”
Others couldn't help laughing when they saw Li Muchou scratching his head. In their opinion, this boss was really obsessed with Paypal.
Li Mu grinned and frowned and thought for a long time. Suddenly an idea came to him. When everyone was relaxed, he slammed the table: "Oh! I thought of it!"
Others looked sideways: "Mr. Li, what did you think of?"
Li Mu said excitedly: "Look, is it possible? When Elon Musk comes, once he puts forward the intention of me acquiring or merging Paypal, I will first stabilize him and let him and his Partners should not be in a hurry to sell Paypal. Then we will rope in them, or they will rope in us, and the two parties will negotiate with the three parties of eBay, so that eBay will not think about fully acquiring Paypal. The three parties will cooperate and hold shares together. How good is Paypal?”
Everyone's eyes lit up when they heard this, and a look of surprise appeared on everyone's face.
Speaking of this, Li Mu's eyes shone like a wolf, and he said excitedly: "Think about it, even if we have Taobao in addition to Makino Technology, we still don't have a personal auction platform like eBay. What is the direct conflict? Moreover, Makino Technology is now globalizing so strongly, and eBay’s goal is global development. As long as everyone jointly invests in Paypal, we can definitely use Paypal as a link to join forces with YY and eBay to achieve mutual benefit and common development in overseas markets. I think eBay will also be interested in this proposal, right?"
It’s a chapter of nearly 5,000 words. I originally wanted to cut off the next chapter at 3,000 words, but I found that I still couldn’t cut it off. The plot was more important...
(End of chapter)