Chapter 172 Jerry, What Is Your Attitude?
At the beginning, Li Xiaofan and Moritz had a particularly pleasant communication because they had a common topic.
Moritz secretly said that he was surprised that the young man in front of him had a very broad vision, and his views on industries such as professional electronic manufacturing services and EMS were very forward-looking, which coincided with his own judgment.
Moritz couldn't help but feel that the young man in front of him had very good potential as an investment partner...
Tang Xinyi next to her also secretly admired her: How could her boyfriend know so much industrial knowledge? He spoke so logically, and she was also very surprised...
Next, Moritz's question focused on why Li Xiaofan, who is thousands of miles away in Singapore, is so optimistic about the Yahoo project.
"Mr. Li, why are you so optimistic about the Yahoo project? Judging from the conditions you offered, you seem to bet that Yahoo will succeed?" Moritz asked with his sharp eyes staring into Li Xiaofan's eyes through his glasses.
To be honest, Moritz is not absolutely sure about how successful Yahoo will be in the future. He just relied on the keen sense and quality developed through his years of journalistic career. He was relatively optimistic about Yahoo, an emerging Internet search engine project, and the team of its persistent founder Jerry Yang. He suggested to the decision-makers of Sequoia Capital that they might take a gamble. , first test the waters by investing 2 million US dollars in a small test.
Unexpectedly, while his investment proposal was still going through the process within Sequoia Capital, a pair of young people came from far away from Singapore. They seemed to want to challenge themselves and offered more tempting conditions to invest together. Yahoo, this really surprised him.
Li Xiaofan replied firmly: "Yes, Mr. Moritz, we are very optimistic about Mr. Jerry Yang's Yahoo search engine project!"
Moritz continued to ask: "You made a condition to Mr. Jerry Yang this afternoon that he would use one hundred thousand dollars to purchase the right to use banner ads on their Yahoo website for one year. How do you plan to operate it specifically?"
Li Xiaofan smiled and said: "Actually, the Yahoo website banner advertising business I proposed is tied to my investment intention! I understand that the current Yahoo founding team is very short of money. Due to the huge number of visits, the server has started to go down from time to time. It’s time. But for large companies like yours, the decision-making process is slow due to internal risk control and other reasons, so I came up with this proposal!”
Li Xiaofan continued: ""My Singapore Yifan company currently has a large business in consumer goods trading. If the Yahoo team accepts our investment proposal, my initial idea is to ask Yahoo to help us create a simple advertising webpage for our company's products. , let the banner advertisement on the Yahoo website link to this page to promote the daily necessities and optical products operated by our company..."
"Oh, how long has your Singapore Yifan company been established?" Moritz continued to ask.
Li Xiaofan smiled and said: "To be honest with you, the Singapore Yifan Private Limited Company established jointly by Miss Tang Xinyi and I has only been established for a short period of time, only two months..."
After hearing this, Moritz's sharp eyes immediately stared at Li Xiaofan's eyes, and he followed closely and asked: "Your company has only been established for two months? Then why do you have the strength to spend 1 million US dollars in cash to invest in Yahoo?" Where is the project?”
Li Xiaofan smiled and said: "Mr. Moritz, I forgot to introduce you to my girlfriend, Miss Tang Xinyi. The Singapore Minghua Holdings Pte. Ltd. on her business card is a very powerful company. Miss Tang Xinyi is currently the director of this company." One, her father is the company’s major shareholder and founder, Miss Tang Xinyi. The main business of the family group is in East Kalimantan, Indonesia. They own a very high-yield coal mine and a local freight terminal, and Singapore Minghua Holdings is the window company of the entire family group in Singapore. Later, Singapore Minghua Holdings. The company will jointly invest in the Yahoo project with Yifan Company..."
Then, Moritz turned his attention to Tang Xinyi.
Tang Xinyi was also someone who had seen big events with Mr. Tang, so she gave a brief introduction to the Tang family's industry.
Based on Moritz's experience, he felt that what Tang Xinyi said was true. He looked down at Tang Xinyi's business card: It turns out he is a coal boss from Indonesia. No wonder he is so rich and generous! Even the office address is in the Raffles Place OUB building in the center of Singapore's CBD. It seems that I have really met my opponent this time...
After listening to what Li Xiaofan and Tang Xinyi said, Moritz turned to Yang Zhiyuan and asked: "Je
y, what’s your attitude? "
Jerry Yang spoke very honestly. He smiled and said: "If you two have the same conditions, of course I would prefer Sequoia Capital. But Mr. Moritz, now Singapore Yifan Company is willing to give me an advertising order of US$100,000. It’s very tempting for us. Can you, Sequoia Capital, achieve this?”
"Je
y, we at Sequoia Capital are a professional investment company. We can’t just advertise on your website and give you business directly! If every project we invest in puts forward such business requirements, wouldn’t it be a mess? "Moritz looked a little angry.
Li Xiaofan smiled and said: "Mr. Moritz, actually we don't want to compete with the powerful Sequoia Capital. In this way, maybe we can take a step back. I can invest less and follow your Sequoia Capital to invest more. You Is this okay?”
Moritz asked: "Mr. Li, how much do you mean by investing less?"
"If the current valuation of Yahoo is $4 million, can I invest $400,000 to hold 10% of the shares? Then Mr. Jerry Yang's team will hold 45% of the shares, and you, Sequoia Capital, will hold 45% of the shares after the investment?"
Li Xiaofan continued: "Or there is another plan: Mr. Jerry Yang's team will continue to hold 50% of the shares unchanged. In the new $2 million investment, Sequoia Capital will invest $1.6 million to hold 40% of the shares, and our Singapore Yifan Company will invest $400,000 to hold 10% of the shares?"
Li Xiaofan then added to Jerry Yang: "Mr. Yang, if our investment share is reduced in the end, then our company's banner advertising expenditure budget on Yahoo's website will also be reduced accordingly. Please understand, Mr. Yang!"
Jerry Yang said to Li Xiaofan: "Mr. Li, this is no problem, I understand very well. Solution! Now, for us at Yahoo, the most important thing is that you two should finalize the $2 million investment as soon as possible and give this money to our company as soon as possible. Our company is very short of money now! Replacing servers costs money, renting networks costs money, recruiting employees costs money, renting new offices costs money, we really need this investment money! "
"Je
y, I understand you very well, I am trying every way to convince our company's decision-makers!" Moritz thought for a while, and then said to Li Xiaofan: "Mr. Li, I know your ideas and suggestions. Regarding your suggestions, I may need to go back to the company and discuss them with my colleagues and Mr. Jerry Yang again. Otherwise, today's communication is like this. Thank you for taking the time to communicate with us. It was a pleasure to communicate with you just now!"
"Okay, then I will wait for your good news!"