Chapter 985 Contact and Become a Tycoon

"Talking about $13 billion?"

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

Li Mu nodded and said: "A large part of the valuation of more than 13 billion US dollars corresponds to the current development of YY, and part of it is our shares in PayPal. You must know that when we invested in PayPal together with eBay, it was originally a The big benefits promoted by the three parties, the two parties add up, the valuation of 13 billion US dollars is not much.”

Speaking, Li Mu said indifferently: "You know, if Makino Technology is an American company, or YY is a product of an American company, then it is the same achievement today, and its valuation will be even higher."

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

Li Mu smiled and said: "What we want now is that Sequoia will also give us this part of the premium. After the split, the ideal C round valuation of Muye Technology is 15 billion US dollars."

The valuation of 15 billion US dollars sounds scary, but since Li Mu began to plan the globalization of YY, the valuation of the entire Muye Technology has risen in the capital market as fast as a rocket.

Cooperating with eBay and holding shares in PayPal without spending a penny, at the same time, PayPal's market value has soared. After it is bundled with eBay and PayPal, the company is more recognized by the capital market, which itself not only brings benefits to Muye Technology The direct growth of the market value has also enhanced the influence of Muye Technology in the international market and increased the added value of the company.

However, what really caused the market value of Muye Technology to skyrocket was the popularity of YY in overseas markets.

Now, in North America, Europe, Japan and South Korea, among the high-end elites, YY has become a must-have software for office work, with great market influence and high market recognition, and its prospects are infinitely promising.

In the Huaxia stock market, according to the daily daily limit of 10%, if a stock pulls 7 daily limit, the market value of the company can almost double, but in the local capital market of Huaxia, as long as there is enough good news, it can pull dozens of The daily limit of stocks is not without, or even a few.

According to the 10% increase of each daily limit on the current basis, when the daily limit reaches 30 consecutively, the market value will be 17.44 times the original value, and to complete the 17.44 times increase in market value, it only takes 30 trading days, which is a mere 30 trading days. 6 weeks.

With the rapid development of YY and the shares of PayPal, Muye Technology has now made a huge breakthrough in overseas markets. With the current international achievements of Muye Technology, it is enough to become an international first-line Internet company. Therefore, even if Muye Technology has been split into There are many companies, but Makino Technology, which is mainly based on YY, is not too high to get a valuation of 13 billion US dollars, and the real transaction price must be above this amount.

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

The premium space of the Internet industry, calculated 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, as is the case with JD.com.

From 2009 to 2016, JD.com has been losing money, and the loss is getting bigger and bigger. In 2009, it lost 100 million yuan in the whole year. By 2015, it lost nearly 10 billion yuan a year, but its market value continued to grow.

JD.com can do this, not to mention Li Mu's Makino Technology.

The ideal situation in Li Mu's mind now is that Sequoia valued the split Muye Technology at more than 15 billion US dollars, and took 1.5 billion US dollars from Sequoia at this valuation, and then immediately started the afterburner mode. All the money is burnt,

Complete the Nasdaq listing before it burns out, and the aircraft carrier will actually be launched.

Lin Qingya was a little stunned by the $15 billion, but she came back to her senses after a while and asked Li Mu: "Mr. Li, if the C round of financing is negotiated, we may have tens of billions of RMB in funds, such a large amount of money, How do you spend it?"

Li Mu smiled and said, "Don't worry about not having a place to spend money. In the future, there are too many links that will require us to spend money in various links, and tens of billions of RMB may not be enough for us."

After speaking, Li Mu added: "The goal of Muye Technology is not to become an Internet company with a high market value, but to become a great Internet company. I hope that the technology we develop in the future can change the world, so to achieve this goal, We have to invest a lot of money in research and development.”

Lin Qingya said, "Does R&D funding need such a large scale?"

Li Mu nodded, smiled lightly, and said, "In the future, any hot research and development project may require tens or even tens of billions of funds to support. I also hope that we can have our own operating system, our own mobile operating system, If you have your own mobile phone, your own chip, even your own car, your own autonomous driving system, you may even want to have your own satellite network. If you want to achieve these goals, let alone tens of billions of yuan, even the US dollar may not be true. enough."

Lin Qingya stuck her tongue out, looking like a little girl, and said to Li Mu, "There are almost no other companies in the domestic Internet companies with a market value of over 10 billion except us. R&D of a big project may cost tens of billions of dollars, they will be stunned, right? Or just say you are alarmist."

Li Mu said with a smile: "It doesn't matter if you don't understand it now, you can understand it in the future. The Internet industry is very interesting. Sometimes it's a coincidence that a project with a few million investment may have a market value of several hundred million, but a project with a market value of hundreds of billions of dollars. There is no possibility of opportunism, which requires at least hundreds of billions of investment to provide various support, and it is difficult for companies that cannot do this to grow to such a large scale.”

Lin Qingya listened in the fog, but she understood one thing. Even if Muye Technology got a valuation of 15 billion US dollars, Li Mu would definitely not be satisfied. Even for him, this may only be a preliminary stage.

Thinking of this, Lin Qingya was full of a longing for the unknown in the future of Muye Technology. She suddenly felt that even she did not know what kind of scale Muye Technology could develop to.

She felt that she was in the middle of this miracle, but many times she couldn't see how big the miracle was, or how big it could be. It was like a vast universe. What she could see was only the planet she was in. What Li Mu can see is a galaxy. Sometimes he opens a small window for himself in his speech and behavior at will, giving himself a chance to peek into a small part of the vast universe, even if it is only a small part, it is enough Let yourself be amazed by it.

Unable to see how far the future is, Lin Qingya could only bring her focus back to her eyes and said with emotion: "Mr. Li, Sequoia attaches so much importance to our Series C financing, it seems that they no longer regard us as one family. China’s local Internet companies are watching.”

"Of course." Li Mu agreed: "Even if we haven't really taken the initiative to expand overseas markets, Sequoia has at least regarded us as a quasi-transnational giant. Because of this, the financing this time has exceeded Sequoia Huaxia. The company's functional coverage will be taken over by the Sequoia headquarters."

Lin Qingya smiled and said, "At that time, your trip to the United States must have a few extra days to spare. By the way, I would like to express my condolences to our employees in the United States."

Li Mu smiled and said, "I think if I want to go, I will plan at least ten days and a half for a month, and then I will definitely take time to condolence to our employees."

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

Li Mu nodded and said, "Old Ding gave me a suggestion, I hope I can go to the United States to meet the senior management of Sequoia at the right time, and also take this opportunity to meet some Internet giants in Silicon Valley, as well as Wall Street. I think he has some truth in what he said, this time in the United States, I hope to meet a few bigwigs in the Internet industry, learn from the experience, say goodbye to the dock, and at least get acquainted first."

Judging from YY's current influence in the United States and the huge space for development, if Li Mu goes to the United States to meet any financial tycoon or Internet tycoon, he will definitely be warmly received by the other party. This is not only a huge development of social networking, but also An effective way to increase personal visibility.

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

It is very difficult for a tycoon who mixes himself to become a recognized tycoon, but the people who mix with the tycoon every day are not tycoons but also become tycoons in the eyes of others.

In Li Mu's current social circle, there are no real Internet and financial tycoons. The CEOs of various Internet companies in China are not at the same level in front of Li Mu, and overseas Internet people, Li Mu also contacted Elon Musk. , but his current strength is a lot worse than his own, and he has not officially entered the threshold of a tycoon, let alone him.

From the perspective of capital operation, Ding Zhenglin believes that Li Mu lacks sufficient overseas exposure, and even lacks overseas social connections, and Li Mu also feels that if he wants to be an international business card for the Huaxia Internet industry, he must first let the overseas market recognize him. identity and make themselves the undisputed internet tycoon in their eyes.

The only difference between Li Mu and Ding Zhenglin was that he felt that it was right for him to go to the United States this time to get in touch with Internet tycoons.

Li Mu also has a clearer understanding of himself. He knows that his ability to play with Internet products or play capital based on Internet products is okay, but if he is purely playing with capital, in front of those Wall Street giants, he is basically equivalent to a primary school student, and it is not a weight at all. At the top level, when you meet these giants, you will be familiar with each other at most. If you really want to promote and improve the business, it is very difficult.

Moreover, Li Mu never thought of chasing capital. In his opinion, it is not a skill for an entrepreneur to chase the favor of how much capital, but how much capital can be attracted to chase, this is the real strength.

Therefore, for his upcoming trip to the United States, Li Mu's plan is to actively contact Internet tycoons. As for capital tycoons, he should try to let them contact him proactively.

Among them, Li Mu is most interested in seeing the current Internet industry tycoon.

He wants to meet Bill Gates, who created Microsoft, Steve Jobs, who created Apple, and Larry Page, who created Google. In his eyes, these people are the real names in the Internet industry. The great people on the Internet, the companies they created, are also great companies in the Internet companies. Although I don’t know them, they are the beacons of their own development and navigation in the Internet industry.

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