Chapter 1401: Pros and Cons
As we all know, like many startups in Silicon Valley, the two founders of Google also started with technology, so their favorite thing is naturally technology. However, their focus is different.
Page likes to devote more time to how customers interact with Google, so after he was forced to give up the title of CEO to Schmidt, he chose the title of product president; Brin tended to devote more time to Time is spent on technology, hence his title President of Technology.
Of course, if you think that they are only obsessed with their essential work, you would be completely wrong. Schmidt, who has always been struggling to survive in the cracks, knows this best.
Those two guys had so many things to worry about that they neglected these two important tasks, and habitually and randomly stretched their hands everywhere.
For example, as before, hiring anyone now still requires Page's nod.
He still believes, as always, that engineers are the real backbone of Google. For this reason, he is particularly concerned about the food the company can provide to those dedicated engineers, and even more concerned about the operation of the cafeteria...
Maybe, he is a foodie at heart.
As for Brin, he is very interested in some business meetings. He often inserts himself into some business meetings between coding, and he also pays more attention to the layout of the meeting room.
He is also the originator of the Google Massage Program and an advocate for child care centers….
Therefore, unlike the traditional division of labor of ordinary founders, one is in charge of internal affairs and the other is in charge of external affairs. Just as they are both obsessed with technology, the things they care about are sometimes confused or switched.
This will inevitably make some of the company's executives and employees sometimes confused about what they focus on.
Some people think that Page is more concerned about the progress of product development, while Brin is the guy who cares about the user experience of the terminal; some think that Page is more concerned about the company's operations, while Brin is more concerned about the product... .
To be honest, even Feng Yiping sometimes doesn't understand this issue.
He is currently negotiating with Myers, who is responsible for Google's performance at Merrill Lynch. He has not had much dealings with Myers, but Merrill Lynch has also been his financial advisor in previous listings and mergers and acquisitions, and the cooperation has been quite pleasant.
"Miles," he gestured towards Miles over there, but he couldn't get through for a while. Along the way, he said hello to David, the lead underwriter, Credit Suisse First Boston, and then I exchanged a few hurried greetings with a few people from Goldman Sachs and Standard Chartered - today's conference room is filled with representatives of most of the investment banks on Wall Street.
When Miles and I finally shook hands, it was already five minutes later.
"Sorry," he pulled Miles aside, "Myles, you know that our relationship with your company has always been good, and we have always valued Merrill Lynch's role in this IPO."
He first establishes friendship.
"Of course, I have to admit that for this underwriting, Merrill Lynch will make some additional investments in technology and equipment, and the underwriting fees are not too high, but you have to understand what this IPO is like. It’s possible that the next ten businesses you do will not be as large as ours. In terms of efficiency and cost, and in terms of final income, it will definitely be good.”
"I absolutely believe that we have successfully used the Dutch auction pricing method this time. After a successful IPO, many companies will definitely follow up. Your investment in technology and equipment will definitely play a more important role in the future. ,"
This is factual and reasonable. No matter what, Google's IPO is not only the largest IPO of a Silicon Valley high-tech company since the Internet bubble, but also may be the largest IPO in the history of the U.S. stock market.
"Von, I get it all," Miles said.
"No, you don't understand. Listen to me," Feng Yiping waved his hand and interrupted him without hesitation, "I believe you also know that mergers and acquisitions are the most important factor for any company in Silicon Valley to develop well and grow rapidly. It is the only way for technology companies. Google has acquired many companies before. After this listing and raising funds, there will definitely be greater moves in terms of mergers and acquisitions."
"In other words, there will still be many opportunities for us to cooperate in the future,"
This is looking forward to a better future.
"So, are your company still determined to be so uncooperative during this IPO process?"
This is to be courteous first and then use force later. After saying soft words, you can then say hard words.
If you don’t give us face this time, don’t blame us for not giving you a chance in the future.
"Feng, I understand what you said, but the company's opinion is also very firm. Because Google's IPO is so representative, the company is very worried that this underwriting fee will become a benchmark in the future,"
He spread his hands and said, "You know, I can't influence high-level decisions,"
"How about you call O'Neal?"
The O'Neill he was talking about was Stanley O'Neill, the CEO of Merrill Lynch who took office last year. Feng Yiping had dealt with that person several times and was considered familiar with him.
"I don't think it's necessary," Feng Yiping glanced at him and patted his shoulder, "You can figure it out yourself."
He hopes that Merrill Lynch will not get off the ship now, but if they still insist on it for this reason, then it is okay to do so. Speaking of which, Merrill Lynch is not the lead underwriter of this IPO. Taken together, , missing his family will have some bad effects, but that's it.
It will not cause any decisive and irreparable impact.
Page is right, there will always be some people on Wall Street who won't cooperate this time, so let them go. There will be times in the future when they will regret it and beg to come back.
He pointed at the people in the conference room and said, "There are so many more, right? There are still some investment banks that are still trying to squeeze in,"
"Hey David," he said without saying another word to Miles, chatting with David from Credit Suisse First Boston who was waiting.
Miles looked at his back, hesitant to speak. After listening to Feng Yiping's words, he felt that the guys in the company might have made a wrong decision this time. Indeed, companies like Google will do it again in the future. There are more opportunities for cooperation.
He hurried to the corridor and called his boss.
David pulled Feng Yiping enthusiastically and said, "Congratulations Feng, there are so many underwriters at once. It's rare to see such a scene."
"Google deserves such a big scene," Feng Yiping said, looking at many familiar faces in the venue.
Although some people on Wall Street are still determined to resist Google's unique behavior this time, there are still many people on Wall Street who are looking forward to the failure of Google's IPO. However, more investment banks are still unwilling to give up this rare opportunity, or Said that they still value the opportunity to cooperate with Google in the future.
Page was currently chatting with representatives from Morgan Stanley, another lead underwriter, while Schmidt was accompanied by the two kings of Sand Dune Road, partners from Sequoia Capital, Michael Moretz, and KPCB's Together with partner John Doerr, he was among a group of representatives from investment banks.
But where is Brin? Doesn't he always like to get involved in meetings like this? Even the layout of this conference room is according to his wishes. What is this guy doing now?
Seeing that Feng Yiping was a little perfunctory, David still didn't dare to neglect.
Feng Yiping is right. With the scale of Google's IPO, it does deserve such treatment. And judging from the current situation, there may not be many opportunities like Google in Silicon Valley in the near future, but it is not impossible. , for example, the young man in front of me.
"So Feng, do you have any plans to go public with NEXTDOOR? I believe that if you have this intention, the size of the underwriter team will only be larger,"
Feng Yiping turned around and glanced at this guy who was much older than him. He was very respectful and had a smile on his face. Compared to Merrill Lynch, this guy had a long-term vision.
Indeed, after Google, only Facebook’s IPOs among Silicon Valley high-tech companies can compare with it. Facebook’s current development is even better than that of Facebook in the past. Its IPOs in the future will definitely not be better than this one. Small scale.
That’s not to mention Feng Yiping’s current main business in the United States, NEXTDOOR. It is the parent company of all of these, Netflix, Coin Star, YouTube, and Facebook, and it has also been involved in so many things such as social networking, group buying, and reviews by Feng Yiping. Waiting for the business model, if it goes public, the scale will only be larger.
"David, we've always had such a great time working together and we're sure to have even more so in the future,"
"Thank you Feng," David was so happy that he burst into laughter when he heard this.
Just when Page looked over, Feng Yiping shook the watch on his wrist to indicate that the time was almost up.
ps: My wish on Monday is to get more recommendation votes.