Chapter 1965 Forced

But this problem is not a problem for Feng Yiping either. "You should know that I don't have no confidence in you, I have no confidence in capital."

"The pressure you are facing now is different from mine,"

Feng Yiping's words made Page and Brin silent.

Although they attached great importance to the control of the company from the beginning, and they still have a firm control over Google, as a company that must rely on external funds to help develop, compromise is inevitable.

At the beginning, Page was forced to give up the position of CEO and accept Schmidt, who was arranged by venture capital, to implement "minor guardianship" for the two of them.

With Page's personality, being forced to accept the "minority" of himself and Brin in business as determined by venture capital is a very big concession.

This should be the reason why he still finds it difficult to have a good impression of Schmidt, even though he knows that Schmidt has not only shared a lot of work for him, but also successfully established Google's business system.

Google's sales were indeed driven by Schmidt.

After the IPO, they faced greater pressure from capital.

You can't expect all the people who bought Google stock to be like Buffett, who values ​​Google's long-term development more than immediate returns.

Sorry, most investors, both in China and abroad, care more about short-term returns than long-term returns.

Of course, there are some differences between short-term and short-term. The short-term in China may really be short-term, only a few months, while the short-term holding of foreign investors is relatively longer on average.

But this does not mean that my investors are immature. The reasons are very complicated. Families who invest in stocks abroad have a relatively rich family background on average; they all have their own financial advisors; including their average math level is poor... Well, this is off topic.

Then the reality is that if Google's stock performance is not satisfactory for a period of time, such as two quarters, and there is a decline, this will also cause a large number of investors to sell their Google stocks.

When the stock price goes down, facing the pressure from shareholders and the board of directors, even Page and others have to do some work that can boost the stock price in the short term.

At the same time, the independent directors on the board of directors of US listed companies are not those in China who are just for show. For their own reputation - in the final analysis, it is also for their own interests. In many cases, they will not stand with you.

In addition, there is also the pressure of supervision.

According to regulations, you must submit relevant reports to the US Securities and Exchange Commission within the statutory time and deadline, an institution that any company listed in the United States dare not neglect, offend or offend.

For example, quarterly reports, that is, 10-Q forms, and annual reports, that is, 10-K forms.

Quarterly reports are okay, they are relatively brief, and the relevant financial data disclosed can be unaudited.

But the annual report 10-K form submitted to the SEC must be extremely detailed.

For example, the company's organizational structure, the salaries of all executives, from major expenditures, external mergers and acquisitions, to offices and warehouses in various places, and leases for vehicle leasing... All the information that shareholders want to know must be disclosed in detail.

And all financial data in the 10-K form must be data after financial audits.

As you can imagine, in such reports, the operating conditions are naturally the top priority, because these reports provided by listed companies to the SEC are an important basis for stockholders to make decisions.

These reports are not opinions that have been mixed with their own judgments by experts and analysts. Their characteristics are very pure.

How did you do this year, how much money did you make, how much money did you spend, how much money do you plan to invest, how much money can you share with everyone...

There are also some information that determines whether stockholders will continue to hold: what are we going to do next year, will we be more optimistic or more pessimistic next year than this year, will we make more or less than this year.

Why do we make more or less? In addition to the influence of the general environment, the most important factor is the competition of competitors.

It is conceivable that if Facebook becomes more and more successful in the field of online advertising in the future, no matter what Page and Brin think, Facebook will definitely appear in the column of competitors in Google's 10-K form.

Since Facebook is listed as a competitor in such a document, don't you specify relevant countermeasures?

So, will Facebook put huge pressure on Google in the field of online advertising in the future?

Feng Yiping knows better than anyone, yes!

Combined with the future information bombardment, he has figured out some problems. For a long time, the most fundamental competition in the Internet field is not products or services.

The most fundamental competition is the entrance!

The reason why Yahoo became the overlord was that the information center was the first entrance for Internet users at that time.

The reason why Google has surpassed Yahoo now is that it has successfully taken the front door of the Internet from Yahoo with its powerful search engine.

In the future, especially in the era of mobile Internet, the Internet will shift from popular entrances such as portals and search engines to personalized entrances such as social networks.

This is also the fundamental reason why Facebook can shake Google in the future.

If we don’t plan ahead, Schmidt may not be the only one who will bring up the conflict of interest brought about by Feng Yiping as Google’s major shareholder and executive in the future.

Page and Brin also had to spend a lot of time and energy targeting Feng Yiping's company under pressure from capital.

Page moved the empty juice cup around on the table, "Indeed, from the beginning to now, what has upset us more and given us huge pressure has never been the product, but the competition with capital,"

"Indeed," Brin agreed.

"Please, this is what every entrepreneur must go through, isn't it? Besides," Feng Yiping pointed to the many employees around him who were filled with confidence and enthusiasm, "After you have such great power, you are not close to changing the world. Is your dream one step closer?”

"Then, why don't you face such pressure?" The two said in unison.

"This," Feng Yiping could only raise his cup and take a sip of juice. Indeed, no entrepreneur like him does not need the support of external funds in the early stages of starting a business.

Brin also clinked his cup with Page and said somewhat sourly, "There's nothing I can do about it. There are some people you can't envy."

Feng Yiping could only say with a smile, "I am indeed lucky."

"Yes, the whole earth knows that you are a lucky man,"

This is the charm of the Internet age. The title given to Feng Yiping by the domestic public, "Lucky Feng Yiping", has spread to the United States.

"However, after acquiring Netflix and founding YouTube, you also acquired Marvel. It seems that you really want to get closer to Hollywood. I asked you, can you tell us quietly," Brin blinked. He asked Feng Yiping with a smirk, "When you make decisions, in addition to judging the market, do you have other considerations, such as those beauties in Hollywood?"

Page also smiled and lowered his head, "Yes, confess it frankly!"

Next to her, Mayer saw Feng Yiping and the others, with such smiles on their faces, putting their heads together to whisper, shaking her head and saying to Wu Qian, "I'm very sure that those guys are talking about the topic now. , must be a woman,"

"Yeah," Wu Qian nodded with deep understanding.

But, when the three of them get together, which woman will they talk about?

"Either those Hollywood vases, or famous supermodels," Mayer has already given the answer.

"These men!" They both said in unison.

Immediately, these two women, who had just met each other, felt that their relationship had been sublimated because they had such a tacit understanding.

Over there, Feng Yiping shook his head and looked at the two guys, "Please, if you have your own ideas, can you not put it on my head?"

"Come on, stop pretending," Brin said.

"Hypocrisy," Page also expressed his disdain for Feng Yiping, "Don't worry, we won't discuss this issue with Huang, let's talk,"

"Say it," Brin also winked and continued to press.

Facing these two guys, Feng Yiping was very helpless. He touched his head a few times, "Okay, I admit, I do have some 'other' thoughts."

He gave the two of them a "you know what" look.

"Hey, I'll tell you!" Brin rubbed his hands and said excitedly, "Say it quickly, tell it quickly,"