Chapter 915: Different Opinions

"I only heard you say how powerful these people are before, but I didn't expect them to do such a thing. They are not arrogant at all," Feng Yuxuan said with some disdain when hearing Feng Yiping mention this matter during dinner.

"It has nothing to do with the atmosphere or not,"

No matter how busy these two days are, Feng Yiping will definitely insist on coming back for dinner. It's hard for my sister to come here, and she can't let her not see him all day.

In addition, in the past two days, the food level at home has obviously improved to a higher level. The dishes made by the two of them together taste really better.

"You, it's just going too smoothly. Our wedding company is currently the strongest company in China, and you are not the leader of the wedding company, so you can't feel the pressure,"

"But you can imagine, if you were asked to open a wedding company in the provincial capital and compete with Jiasheng, which has an absolute advantage, you might understand some things,"

"Don't just see the success of those big companies, and don't think that Page and the others are very stingy because we have gone too smoothly and are already at the forefront of the industry,"

"You can't understand the pressure of a small company to survive and develop in the cracks under the pressure of the giants, and you can't imagine how many successful big companies have killed their competitors—we may have done it Quite a few of these things,"

"You are familiar with the wedding industry, and you must have heard of it, because our market share is getting bigger and bigger, and some wedding companies with insufficient strength and average competitiveness have closed down, right?"

"If you want to talk about this, there really are," Feng Yuxuan said, "and more than one family has been dumped."

"However, I don't think those companies were forced to death by me. With their irregular management, from the boss to the employees, their eyes are always on the money, and they don't care about satisfaction and word of mouth. collapse,"

Feng Yuxuan didn't want to bear the reputation of ruining other people's jobs.

"Yes, we didn't deal directly with those companies that went bankrupt, let alone stumbling them, but do you know how many times Yahoo has laid hands on Google? Not to mention, because of Yahoo's lawsuit, the two companies are still fighting lawsuit,"

This is also the usual method used by companies with dominant strength to deal with less powerful competitors, usually by initiating patent litigation.

Whether you win or not is not the most important thing in these lawsuits. The main purpose is to disrupt your deployment and make you have to invest a lot of manpower, material and financial resources to deal with these protracted lawsuits.

Even Feng Yuxuan is no stranger to this kind of method, because all domestic companies that are planning to enter the international market have encountered such methods without exception.

"Really, why are they so bad? Sue for something, will Google win?" Feng Yiping seldom mentioned these bad things before going home, and this is the first time Huang Jingping heard of them.

"This is not the first time. It is still the same old tune. It is believed that some of the search technologies used by Google have infringed his patents. As for winning or losing, it is hard to say. Even if the state ruled that Google won the case, he can still choose to sue in the federal court. , To put it bluntly, it is mainly to disturb you and disgust you."

"For a company with average strength, these lawsuits can drag you down forever,"

Feng Yiping now somewhat understands why Page and Brin later insisted that it was out of date in the prospectus, and some Wenqing wrote the seemingly false clause of "do no evil".

This not only means that Google will stick to more bottom lines in the future, but at the same time, it will not impose on others what it does not want, and will not exert pressure on other Internet companies that will cause them to go bankrupt.

Seeing her younger brother speak clearly and logically, Feng Yuxuan smiled, "Don't make it sound like I don't understand anything, why didn't I want to be in charge of the noodle shop back then, didn't I still have this consideration?"

"Yes, you are wise," Feng Yiping didn't want to expose his sister.

She didn't want to be in charge of the noodle restaurant at the beginning, mainly because her own ability could not keep up, and she faced a lot of internal pressure, not external pressure. In China, there is no company that really poses a threat to the taste of her hometown.

This is also a decision Feng Yiping is quite proud of.

Although Shaxian snacks and Lanzhou ramen are also blooming all over the country, the biggest commonality of those shops may be that they have the same name.

Moreover, the home-flavored noodle restaurant I created is more than an order of magnitude higher than those two in terms of grade, business philosophy and management model.

Those two are still very primitive businesses, but my hometown-flavored noodle restaurant is a modern chain enterprise in the true sense.

"However, from what you said, I understand how much pressure you are facing," Feng Yuxuan put down her chopsticks and rubbed her brother's head twice.

"For a genius like me, these things are nothing. Hey, what are you doing?" Feng Yiping tilted his head and looked at his sister dissatisfied.

"What's the matter, your head is still the tiger's butt, can't you touch it?"

Huang Jingping felt very happy watching the bickering between the siblings.

And Feng Yuxuan watched her younger brother touch the hair she had touched a few times, thinking far away for a moment.

It should be from the time when I went home before the Mid-Autumn Festival in 1993 and saw my brother again after a few years. At that time, his face was so flattered, and his face did not change before the collapse of Mount Tai, and it seemed that everything was under control. expression.

It was rare to hear so much gossip from him today, so I realized how much pressure was hidden behind his usual expression.

Even the noodle shop that has grown to a certain scale, is not short of money, and the competition is not fierce, it is so laborious to manage it yourself. How hard is it for my brother to run so many companies from nothing to running so many companies?

And he was not like himself, he felt tired and couldn't handle it, so he could let go of his picks and find something easier to do, but he didn't have such an opportunity.

Anyone in the group can take the pick, but he can't, and all the pressure below will be more or less passed on to his younger brother's shoulders in the end, but he has maintained this state all these years...

For the first time, Feng Yuxuan deeply felt the difficulty of her younger brother.

Originally, because he seldom accompanied me these days, he still had some small dissatisfaction, but now it is completely understandable. It's not that he doesn't want to accompany him, he is really busy.

"Jin Ling asked me to persuade you that you must take time to go on vacation. I thought she was hypocritical at first, but now it is really necessary. It's just the few days I've been here. Look at you. You are so busy all day, you need to take a good rest. rest,"

"I don't think so, I'm used to it long ago, and after this year, I may really not have time,"

I don’t talk about domestic ones, nor my other businesses in the United States, such as NEXTDOOR, which has major adjustments almost every month, and things will be more and more Google, Tesla, and solar power generation that have just started The company...is getting closer and closer to the deadline for the approval of relevant agencies, and it seems that the M&A Coin Star that will not be passed, and the follow-up work, are enough for me to be busy and have no time to spare, so I can spare time for luxury going on vacation?

"Don't take too long, even a day or two at a time? Let's change places and change our mood," Huang Jingping also said.

"I try my best, but I still hope that I can finish what I need to do first, and I can play it comfortably for ten days and a half months before and after Christmas, or before the Lunar New Year,"

…………

After messing around with Yahoo, Page and the others seemed to be in a restless mood, and they might not be able to sit down in front of the computer temporarily. The next day, they pulled Feng Yiping over for a meeting.

"Hi Feng," Schmidt was the first to meet, "have a meeting?"

Hearing his question, Feng Yiping naturally shook his head, "No,"

Mr. Schmidt recently did another thing that made Page very angry. At a dinner in Silicon Valley, he did not bring his wife to attend, but brought a beautiful woman as his companion.

This is his old man's hobby, but it was all in private, this is the first time it has been made public.

Page is quite uncomfortable with this kind of phenomenon - even Schmidt's wife has long turned a blind eye to such things. So far, he has not spoken to Schmidt for several days, and there are some meetings where he can even If you don't notify him, don't notify him.

That guy has such a bad temper.

Later, Brin, who was not yet divorced at the time, had an underground relationship with Amanda Rosenberg, who was in charge of the development of Google Glass. President, Hugo Balla's girlfriend.

The married founder, the girlfriend of the hot hand, is really messy to say - it is said that Hu Ge left because of this reason.

After this mess was exposed, it is said that Page ignored Brin, a good friend, for several months.

In fact, strictly speaking, Page himself is not very clean. It turns out that he and Mayer have always been disconnected, and it should not be handled well. Anyway, when Page got married, Mayer was not invited. , When Mayer got married, she also refused to invite Page.

There seems to be some changes in this matter now, probably because of Feng Yiping's early intervention, Page has become more busy now, and has no time to continue hooking up with Mayer, and Mayer seems to be refusing to flirt with her...

In short, speaking of it, it turns out that Google's Big Three really haven't set a good example in some things.

The four people at the top of Google, I am the only one, Feng Yiping thought.

Oh, no, he shook his head immediately. If he boasted like this, he would be slapped in the face. In this matter, he is not much better than them. Well, no one is perfect!

Schmidt would never know that Feng Yiping was thinking so much at this moment, "What do you think of the listing strategy that I discussed with you these days?"

"I think it's very good, but, as you know, the key to these things is that Page and the others agree,"

"At least after you agree, I will discuss with Page and the others,"

"Then why don't I drop by to find out Paige's opinion for you?"

"Then please, thank you!"

Seeing Feng Yiping go to Paige's office, Schmidt was actually not very happy. I am already old, and you, a young man, have to express dissatisfaction with things like bringing a female companion to a banquet. Can you show some respect to me? ?

…………

"Feng, close the door." Those two good friends were there. After the Yahoo incident, Feng Yiping always felt that there was a small change in the temperament of the two, as if they were more mature and younger. Some, some contradictions, but, overall, that's a good change.

"The three of us will first talk about the issue of going public," as Feng Yiping expected, and Page also talked about this topic.

"Not Schmidt?"

"Let's talk about it after we have unified our opinions," Brin answered his question. "Otherwise, instead of Schmidt attending the meeting, it's Sequoia's and KPCB's Moritz and Dole's turn to attend the meeting."

This one, too, and those two, are the authentic directors of Google.

"In fact, we have been thinking about the issue of going public all the time. Apart from the details, there are two core points," Page turned on the computer and began to talk.

"First of all, in order to make our IPO price more reasonable, we don't want to hand over the pricing power to those investment banks on Wall Street, but we want to use auction pricing, that is, Dutch auction pricing,"

"There are many benefits in doing this. It can guarantee the interests of our shareholders to the greatest extent, and it can give retail investors the opportunity to buy our original shares, and at the same time reduce the commission paid to the investment bank,"

"What do you think, Feng, of pricing through a Dutch auction?"

"The current Google is qualified to use this method," Feng Yiping did not answer directly.

IPO pricing is the biggest problem faced by listed companies. From the perspective of shareholders, if possible, the higher the better, so that their wealth will be more.

However, this matter is not that simple. If the price is set too high, the most likely consequence is to scare away investors and make the issuance fail.

However, if the price is too low, the issuance work is easy to do, but this will greatly damage the interests of shareholders.

The most reasonable pricing is to look at the degree of rise and fall on the first day after the IPO, or the degree of rise and fall for a period of time thereafter.

Regardless of other factors, on the first day of an IPO, the smaller the price rise or fall, the more reasonable the pricing will be; on the contrary, the larger the price rise or fall, the more unreasonable it will be.

For example, Du Niang, who was constantly turmoil later, was listed on NASDAQ in 2005, setting a record that the stock price soared 354% on the first day. People who don't know much may cheer for it, "Look, our domestic company , how popular and promising,”

But Du Niang's President Li and other shareholders must be bleeding in their hearts, fearing that they would like to swallow the issuance consultants they hired, the people from Credit Suisse First Boston Bank, alive.

Such a record-breaking skyrocket directly illustrates a problem. The IPO pricing is seriously low, and at least doubling it is no problem.

At least double it!

The Dutch auction that Page mentioned, this decreasing auction method, can get a reasonable market price level.

"What else?" Feng Yiping asked.

Page and Brin were a little suspicious. This issue was a big one, but Feng Yiping was abnormal and didn't support them immediately.

"The second point, which is equally important, is that we want to use a dual-class share structure, ordinary A shares, 1 share, 1 voting right, and the B shares we hold, 1 share, 10 voting rights,"

"Peppa, Brin, you have been working hard for a while, and I have been very busy recently, and my sister just came to the United States recently," Feng Yiping did not respond positively, "Is this good, let's take two days to go to Tahoe How about discussing these issues at that time, what do you guys think?"

Page was obviously dissatisfied, but Brin was still tactful, "Your suggestion is very good, hehe, I like Lake Tahoe the most, but unfortunately, the snow on the mountain has probably melted now, so I can't ski,"

ps: Thank you very much for your support. I am very grateful to the book friends Qiuzhi Shenguang, Xin LT, Guanren oo, xindi911, stupid child Binbin, I am drunk on wine, middle-aged architect, Liu Feiyun, and I am a banker , xathena's tip!