Chapter 290 Successful Sniping and Pretending to Be Careless

On the other side of Silicon Valley in the United States, Jerry Yang and Ferro, the two founders of Yahoo, met in the conference room after receiving emails from Moritz and Li Xiaofan.

After Li Xiaofan's last capital increase of US$4 million, the shareholding ratio of the two Yahoo founders Jerry Yang and Ferro in Yahoo was reduced to 45%, with the remaining 36% held by Sequoia Capital and three Singapore companies controlled by Li Xiaofan. There are 19%.

Sequoia Capital and Li Xiaofan together hold 55% of the shares, which has exceeded the combined 45% of the two founders of Yahoo, Jerry Yang and Filo.

As a result, Sequoia Capital's Moritz and Li Xiaofan have a very important say in Yahoo, and Jerry Yang and Ferro have to respect the unanimous opinions of the two shareholders.

However, the two of them felt very excited after reading the "Internet Analysis Report" drafted by Mary Meeker of Morgan Stanley that Moritz sent. Based on this report from Morgan Stanley, it is indeed necessary to have a new round of contact with SoftBank Group and Wall Street venture capital institutions.

At the same time, the two also agreed with Mary Meeker's Internet trends: email is the "killer application" of the current Internet, and information browsing services will be the "killer application" of tomorrow.

Because the current global Internet boom has just begun, the first thing a large number of people do after connecting to the Internet is to register an email address. Moreover, these users who have registered their email addresses are very sticky and will not easily change or give up their email addresses.

However, if free email is launched for tens of millions of Yahoo users around the world, a large number of servers will be needed to support it, which will be a huge expense, so a new round of financing is indeed imminent!

At the same time, after receiving the emails from Moritz and Li Xiaofan, the two founders of Yahoo, Jerry Yang and Filo, seemed to feel the threat of capital. The excessive capital increase led to the danger of losing control of Yahoo.

The two began to regret that when Yahoo raised funds for the first time, they should not have given up 50% of the shares at will. After Li Xiaofan led the second capital increase in Yahoo, the two founders' shares in Yahoo fell below 50%.

Legally speaking, if Li Xiaofan and Sequoia Capital become persons acting in concert, the two founders of Yahoo, Jerry Yang and Filo, will be in danger of losing control of Yahoo.

Therefore, after discussions, the two began to be cautious about a new round of capital increase and share expansion.

An hour later, Jerry Yang, on behalf of himself and Ferro, the two founders of Yahoo, responded to emails to Moritz and Li Xiaofan, saying that he would seriously consider the suggestions of the two shareholders and seize the opportunity to deal with other Wall Street risks such as SoftBank Group and IDG. Investment institutions have begun a new round of contacts and negotiations, and will also contact Mary Meeker of Morgan Stanley to launch Yahoo's IPO on Nasdaq as soon as possible...

After receiving this email from Yang Zhiyuan, Li Xiaofan breathed a sigh of relief. He and Moritz teamed up to successfully snipe the SoftBank Group that was forced to the doorstep. Finally, he could go to get off work with peace of mind!

Li Xiaofan left the office and came downstairs. When he was hailing a taxi at the entrance of the science park, a maroon car drove out of the science park and parked next to him. After the window rolled down, a girl poked her head out. The first person called out to him: "Director Li!"

Li Xiaofan took a closer look and saw that the person calling him was Lin Muchiu, the investment promotion manager of the Ascendas Group's Singapore Science Park project.

"Manager Lin, why do you get off work so late?"

Lin Muchiu smiled and said: "I work overtime like you, and I just got off work after finishing my work! Director Li, where are you going now, can I give you a ride?"

Li Xiaofan remembered the Internet advertising case of their Ascendas Group introduced by Lin Muqiu, and said to Lin Muqiu: "Manager Lin, are you hungry? How about I invite you to the Holland Village next to your house for a drink and a midnight snack together?"

"Okay, I just had a sandwich for dinner, and I'm feeling a little hungry. Come on, get in the car and let's go together!"

After getting in the car, Lin Muchiu smiled and said: "Director Li, your company has now become a star company in our Singapore Science Park. I have seen reports about you and your projects on TV and in newspapers several times. Even I am yours now." I’m a fan. I even went to your Yahoo Singapore site during the lunch break.

I registered an ID on the S forum and participated in a discussion about the Kiasu (fear of losing) spirit of Singaporeans..."

"Hehe, yes, I noticed it too

This is a hot topic on the S forum about the fear of losing among Singaporeans. This topic seems to be very popular now and the discussion is very intense.

Friends on the S forum summarized several characteristics of the current Singaporean spirit of fear of losing: always win, borrow money and never repay it, cheap is good, don’t trust anyone, want to control everything, I want to be the biggest first, Expect discounts, don't be embarrassed, never mind what others think, only pay when necessary, stop when you are ahead, simple is best, remember free things, winner takes all, sesame seeds and watermelons..."

After hearing this, Lin Muchiu burst out laughing: "Haha, it's so vivid! I feel like

We Singaporeans who spoke on Forum S are quite self-deprecating..."

"Just before I got off work, I watched a

The post on the S forum, the data disclosed in this post shocked me. This post said that the cost of tuition classes for all Singaporean families may be SGD 1 billion a year. More than one million children from Singaporean families need to go to tutoring centers to study. This number accounts for about 90% of the number of Singaporean families. Among children aged 13-19 in Singapore, 85% require more than 4 hours of extracurricular tutoring per week. The author of the post said that Singapore seems to be a large community composed of "parents who are afraid of losing." It is a common problem among parents in Singapore that they are afraid that their children will lose at the starting line. Therefore, children have become the biggest victims of this culture of being afraid of losing..."

Lin Muchiu smiled and said: "I seem to have seen the data disclosed in this post in some article, and it should be well-documented. The last time I saw a report, it was said that Singaporean children who were under the stress of fear of losing, due to With long-term use of eyes, the myopia rate is as high as 80%. In addition, 76% of students in Singapore feel anxious when taking exams..."

"So, I have a vested interest." Li Xiaofan said with a smile.

"Why do you say that?" Lin Muchiu asked curiously.

"Haha! Manager Lin, you know, at the beginning of this year, I saw so many cram schools and children wearing glasses on the streets of Tampines Neighborhood Center. The first project I wanted to start a business was to open a restaurant in Tampines Myopia glasses shop.”

"Haha, it's true. Did the optical shop open later?"

"It's open, and the business is very good. This business is really thanks to the Kiasu spirit of you Singaporeans!"

…

At an Irish bar in Holland Village, the two of them sat outdoors on the cool street, ordered two cold beers, fried chicken wings, onion rings and other snacks, and listened to the most popular rock music from Mike's School, looking very leisurely. .

After chatting for a while, Li Xiaofan pretended to be casual and asked: "Manager Lin, I want to ask, how is the progress of the park investment advertisement that your group plans to publish to the world on the Yahoo website in the United States that you introduced last time?"