Chapter 730 ? The Ability to Burn Money
Latest URL: "Mr. Dinkins, Russell Simmons has just submitted their offer as well."
Dingkins taught at Columbia University during the day, and had a regular talk show on the New York main station at night. He came almost every day. Pierre Sutton soon waited for him the next day, and reported excitedly: "Three thousand 10,000 capital injection, 30% equity, four directors and the position of chairman, also demanded the right to dispose of non-performing assets."
"Let me see."
The old man took the document and shook it, "So thin?"
"It's not easy for them. They only decided on the investment ratio last night, and they came up with an offer today." Pierre Sutton explained.
"Um."
Dingkins put on his reading glasses and began to study carefully, "Have you disclosed to them what APLUS submitted? I think this quotation is completely copied." As a former mayor of New York, this kind of trick can't be hidden from him at all. .
"I didn't fully hand it over to them. The capital injection documents submitted by APLUS to us consisted of several cartons, and I only gave a summary." Pierre Sutton laughed.
"So Russell Simmons just copied an abstract? Unfortunately, this is not a bid. He also deliberately raised the offer and lowered the demand for equity to ensure that he can win the bid..."
Dingkins quickly finished reading the three simple papers, "The abilities of the two sides are too different, Pierre, although APLUS is a bit harsh, but it is really doing things seriously..."
"Isn't this more detrimental to us? Russell Simmons is much easier to deal with than him, and it is indeed a good thing to ask for a lower shareholding."
Pierre Sutton said.
"I'm politically finished, your father was politically finished in the 1970s, Rangel is no longer with us except for the Apollo Theater, and all our political hopes rest on Patterson Jr. In terms of body, he is just an ordinary senator in New York State, and his eye disease is getting worse."
Dingkins sighed, "The Inner City Broadcasting Company can't continue the previous model. You and I both know this well. If we just want to maintain it, 30 million won't help us much."
"Russell Simmons has more affection for the Apollo Theater. He is a musician in New York. He loves Manhattan and Harlem. He is willing to do everything possible to help us keep the Apollo Theater."
Pierre Sutton continued to persuade,
"And APLUS firmly does not want to take the risk of the Apollo Theater, which cannot be passed by Wrangel."
"Um."
Now Dingkins was convinced, and after thinking about it, he picked up the document in his hand and read it again, "What is the ratio of Russell Simmons and their capital contribution? He accounts for 51%, and Quincy Jones accounts for 100%. Thirty percent, some other friends in the circle share 4%, and this engineering construction company takes 15%? Wait, I seem to remember this construction company..."
Dingkins glared at Pierre Sutton, picked up the landline and dialed, "Let the City Police Commissioner answer the call. There is no appointment. This is Dingkins."
"This is just an investment..." Pierre Sutton looked at the old man beggingly.
"Hey, it's me, you know... construction companies? Behind them are... ok, I got it."
Dingkins hung up the phone angrily, "We can't accept money from the Italians. This construction company is a business opened after the black party laundered and came ashore. You say to Russell Simmons, I don't care how he gets in touch with the Italians Yes, but either change the funder of this part, or quit!"
"The Italians don't like Giuliani, just like us." Pierre Sutton also wanted to save.
"So? Giuliani is indeed an enemy, but after all, he doesn't dare to treat us blacks for the time being. If we take money from the Italians, it is almost equivalent to declaring war... He has been fighting the mafia for decades."
Dinkins was clear headed.
"Russell Simmons said that it was introduced by Motura, and Motura guaranteed that the source of funds would be fine."
Pierre Sutton said.
"Tommy Motura? So it's the anti-APLUS alliance?" Dingkins still shook his head, "Our power can't be used against that young African-American light, don't end up making us like MJ and Simpson Collective embarrassment."
"APLUS didn't do much better with Russell Simmons and Quincy Jones, he's been doing a lot with them and LL Cool J lately."
Pierre Sutton asked: "Aren't these people the light of African descent?"
Dingkins hesitated again, "Well, in short, the two groups of them compete with each other to our advantage. You can disclose this matter to APLUS again, and let's talk about lowering the price."
"That's exactly what I thought."
Pierre Sutton was finally satisfied.
"Wait, I'll call APLUS myself, right now."
Dingkins dialed Song Ya's cell phone again, "Linda? This is Dingkins, where is APLUS?"
"Hello Mr. Dinkins."
The mobile phone was sent to Song Ya.
"I understand. I will discuss the new quotation with the law firm in charge of this matter." Song Ya said after listening to Dingkins' euphemistic message.
"Please note that APLUS, we don't want any restrictions on the Apollo Theater, this is the bottom line." Dinkins warned.
"OK."
Song Ya hung up the phone, "Alicia, Russell Simmons also made a move, what should I do?"
"We have agreed before that we will firmly maintain the offer, and we cannot easily allow inner city broadcasters to take advantage of our competition with Russell Simmons."
Alicia said: "Didn't you say that you are not very interested in capital injection itself?"
"The opposing camp has added another enemy of mine."
Song Ya said.
"You have quite a few enemies." Alicia raised her glass with a smile, "Considering that you are only twenty years old, maybe you should consider restraining your temper?"
"It's almost twenty-one." Song Ya also smiled.
"Oh, then you can't drink for the time being." She jokingly reached out to grab the wine glass in Song Ya's hand.
"Hey, it's okay to have a drink or two with you."
Song Ya subconsciously pinched her wrist, and she tried to break free, and the two of them got involved.
"So what do we do now?"
Ms. Sloan, who was standing next to her, glanced at the faces of the two of them for a few rounds and then suddenly spoke. Song Ya quickly let go, and took a sip of wine at the same time as Alicia to dilute the weak ambiguity just now.
For some reason, that Motura guy suddenly and easily got rid of the wiretapping case, and now he is acting like a monster again. It is not good news for him to join forces with Quincy Jones and others, "Inner City Broadcasting Company, Inner City Broadcasting Company..." Song Ya muttered to herself, repeatedly making choices, and finally Oprah's little trick prevailed, "Let's pass the backup offer to the past."
"The back-up offer also stated that we had to completely avoid the risk of the Apollo Theater," Ms. Sloan said.
"I'll talk to Dinkins again."
Song Ya asked Linda to call back, "Mr. Dingkins, maybe you have noticed that I am really serious. After I inject capital, I will take your inner city broadcasting company to a new level. Considering that I will soon have my own A +CN News, that channel has been unanimously favored by Morningstar and Northern Trust, they will also join in the initial investment, and Comcast will also invest a little bit.”
"Apollo Theater." That's all the old man cared about.
"Apollo Theater is a big risk, I can't ignore it, believe me, I have a lot more money and business ability than Russell Simmons and Quincy Jones, you know, startups in the technology industry are easy now You can get a large amount of venture capital, but some people survived, and some people died soon. I concluded that the biggest difference is the ability to burn money. It is difficult to get investment. How to spend investors’ money? Money is even more difficult. Even if a company with a lot of money and no plans has a correct business judgment, even if it takes the lead in the industry, it may lose in the competition with latecomers with better money-burning efficiency..."
He began to repeat Jim Clark's words, "Only I can save the inner city broadcasting company, Quincy Jones must not, because I can even fix the chemical plant."
"I agree, I agree, you may be able to convince me, but you can't convince Rangel, without his nod, the inner city broadcasting company will not accept your funded child, you know what his foundation relies on to survive, think about it Bar."
Dinkins said: "I will talk to Rangel again, or you two make an appointment to talk openly and honestly?"
"All right."
Song Ya hung up the phone reluctantly, "The Apollo Theater is still in doubt, and the Manhattan Gang will never accept that we ignore the risk of operating rights there."
"So..." Alicia asked.
"That's it. Since we have set the bottom line for the negotiation, it's fine to follow the plan. I'm not someone who changes after making a good idea." Song Ya sighed, "The project was cancelled, and the team was disbanded."
"OK, I'll send you the bill for my law firm's preparatory work soon."
Alicia laughed.
"And mine," Ms. Sloan continued.
"OK, OK, send them all to me, two 'precious' ladies..." Song Ya began to chatter.
"Boss, Dr. Mei." Linda came over again.
"What's the matter?" Song Ya answered the call from Dr. Mei who had been working as a "supervisor" in 3DFX company.
"The three founders of 3DFX said that they have almost burned out all the venture capital money. Now even if the 3D chips are going to be sent to the fab for pre-strip and trial production, they still need to increase investment..."
Dr May reports.
"No, it's just... burnt out? My five million and other investors' millions... burnt out? So quickly?" Song Ya was slapped in the face just now when he pretended to be aggressive in front of Dingkins. He was pissed off by those liars again.
"Yes, they said the tape-out and other costs for the foundry, as well as the advance payment for entering the formal manufacturing process..."
Dr. Mei explained, “This is how the chip industry burns money.”
"How much more do you need?"
"No one can't do it for ten million."
"Fxxk! Those three bastards, wait for me, I'll take someone to San Jose!"