Chapter 306: Li Xiaofan, a Billionaire, and Avoid More Nightmares
"Yes, Jerry, the conditions just proposed by Mr. Masayoshi Son of SoftBank Group are that Yahoo will be valued at US$300 million. SoftBank Group will invest in Yahoo through a capital increase and shareholding. It plans to invest a new US$100 million in Yahoo and requires a % shareholding." Li Xiaofan Confirmed on the phone.
"Oh my god, did I hear that right? One hundred million dollars, $100 million?"
"Yes, Jerry, that's right, it's $100 million! If all our shareholders agree to SoftBank Group's strategic investment this time, after SoftBank Group invests in, the new shareholding ratio of Yahoo USA will become: SoftBank Group % of the shares, Sequoia Capital holds 24%, you and Ferro each hold 15%, a total of 30% of the shares are held by my three companies including Singapore Yifan Private Limited, Singapore Longmeng Investment and Singapore Longyue Investment. There are remaining % shares.”
Li Xiaofan continued to explain: "Jerry, in this way, it is obvious that the shares held by the two founders you and Ferro have been diluted like other old shareholders, but your worth has increased! According to SoftBank's valuation after the capital increase, Value, the 15% of Yahoo shares you hold is worth US$45 million. If Yahoo can successfully be listed on Nasdaq in the first quarter of next year, once Yahoo’s market value reaches US$1 billion, your worth will exceed US$100 million... "
Jerry Yang said excitedly on the other end of the phone: "Oh, my God, my God! Our Yahoo company has only been established for eight months, and now two poor students, Filo and I, have become multi-millionaires, haha! It's so hard to Imagine it!”
Li Xiaofan smiled and joked on the phone: "Jerry, maybe a bigger surprise is yet to come. Maybe one day in the future our market value of Yahoo will exceed 10 billion or 100 billion US dollars! Maybe by that time we will look back." Look at the tens of millions of dollars now, which is just a decimal point behind our net worth..."
"Haha, Affan, I dare not have such a limitless dream. Yahoo's current valuation of US$300 million has surprised Filo and I very, very much!"
Li Xiaofan secretly laughed on the other end of the phone. In his previous life, in 1999, Yahoo had 120 million unique users around the world. At that time, Yahoo Mail had 100 million users around the world, reaching its peak! Then in early 2000, Yahoo's market value reached more than 120 billion US dollars. From 2000 to 2006, Yahoo ranked first in the global Internet rankings...
"Jerry, if you and Ferro have no objections to SoftBank Group's capital increase plan, then I will continue to seek Mr. Moritz's opinion from Sequoia Capital?"
"Well, I have no problem with Filo at all. If this huge amount of money from SoftBank Group can come in, then we at Yahoo can start to flex our muscles! Just like Ms. Mary Meeker of Morgan Stanley in her As stated in an "Internet Analysis Report": Email is the The "killer application" of the Internet before, and the service of browsing information will be the "killer application" of tomorrow. With this precious US$100 million, we at Yahoo can next open a free email service for users around the world. The number of clicks on Yahoo’s website will be even more terrifying!”
"Haha, the hero sees the same thing! Mr. Masayoshi Son of SoftBank Group also saw the "Internet Analysis Report" by Ms. Mary Meeker. He also believes that after Softbank's new investment of 100 million US dollars, Yahoo's future will be A key development direction is free email services! ”
After talking on the phone with Jerry Yang and Ferro, Li Xiaofan called Sequoia Capital Moritz.
When Moritz received a call from Li Xiaofan, he was working overtime in the company's conference room with Don Valentine, the boss of Sequoia Capital, and several other big guys to hold an investment committee meeting to discuss the decision to invest in a major semiconductor project.
Moritz then informed Sequoia Capital’s decision-makers directly in the conference room about SoftBank Group’s latest investment plan for Yahoo.
After hearing this, Don Valentine and several other Sequoia Capital bosses were dumbfounded. They couldn't believe their ears: Did this guy from Japan's SoftBank Group lose his head? An Internet company with current revenue of less than US$1 million and book losses was given an incredible valuation of US$300 million?
This means that the US$1.6 million that Moritz originally invested in Yahoo on behalf of Sequoia Capital will continue to hold 24% of Yahoo's shares after SoftBank's capital increase, with a valuation of US$72 million.
The investment doubled an astonishing 45 times in just eight months! It will create the fastest and most violent investment return record for Sequoia Capital in history!
Several Sequoia Capital bosses said to Moritz: "Moritz, do you still need to consider this? In order to avoid long nights and nightmares, and don't want Sun Chaozi to regret it after a few days, we will immediately agree to SoftBank Group's plan to invest in Yahoo. Better sign up now!”
Five minutes later, Moritz called Li Xiaofan: "Sequoia Capital agrees to SoftBank Group's capital increase and shareholding plan. The company's bosses hope to sign the contract as soon as possible and finalize this huge investment from SoftBank Group as quickly as possible!"
After answering Moritz's call, Li Xiaofan went into the restaurant and asked Tang Zixin to open a bottle of the 1960s Jinlun brand Maotai liquor that Tangyuan Chinese Restaurant had collected for many years.
This kind of Jinlun brand Maotai liquor from the 1960s is packaged in a yellow-brown glazed clay ceramic bottle with a short mouth wooden stopper and a dark red plastic sealing film. The yellow glaze on the bottle body is delicate and shiny, and the texture is thin. The main mark is signed "Produced by the local state-owned Maotai Distillery" and other words.
When Tang Zixin opened the short cork, the whole Tangyuan Restaurant was filled with the unique aroma of aged Moutai!
This was the first time that Masayoshi Son saw this old Moutai. His face flushed as he asked Tang Zixin in English: "Boss lady, what kind of wine is this? It smells so good?"
Tang Zixin raised the bottle and pointed at the mottled packaging on it and said: "Mr. Sun, this is Moutai produced in the 1960s in mainland China. It is rare and very precious!"
"Wow, it turns out that this is old Moutai. No wonder it looks a little familiar, but it is different from the packaging of Moutai I drank before!"
Li Xiaofan took the Moutai bottle and the white wine glass from Tang Zixin, filled them for Masayoshi Son and himself, and raised his glass and said: "Mr. Sun, I have good news for you. I have just communicated with all the shareholders of Yahoo, and they all agreed with your investment plan. We can sign the contract tomorrow morning! In order to congratulate our successful negotiation, I specially asked the boss lady to open this bottle of old Moutai that their restaurant has collected for many years. Come, I wish us a successful cooperation! "
"Great, Mr. Li, cheers!"
After drinking this glass of Moutai from the 1960s, Masayoshi Son praised: "Good wine, good wine! The taste of this old Moutai is elegant and delicate, the body is mellow, and the aftertaste is long, great!
After drinking a glass of delicious old Moutai, Li Xiaofan began to calculate his own worth:
After Softbank increased its capital and invested in Yahoo, the three Singaporean companies controlled by him will hold % of Yahoo shares. According to the overall valuation of Yahoo of 300 million, this % of shares will be worth 37.98 million US dollars. According to the current exchange rate of 8.3 US dollars to RMB, his net worth has reached an astonishing 100 million RMB!
Singapore Longmeng Investment Pte. Ltd., held by Liu Mengchen on behalf of others, and Singapore Longyue Investment Pte. Ltd., held by Guo Hanyue on behalf of others, will each hold % of Yahoo shares, and the valuation is also 1.98 million US dollars...