Chapter 342: More Powerful than Yahoo and the Leader in the Industry

Yang Zhiyuan answered the call from Li Xiaofan from Singapore and said

"Good evening, Affan! It's just right that you called us. Yesterday, our Yahoo board of directors received a suggestion from the major shareholder SoftBank Group. Mr. Masayoshi Son asked to learn from your Yahoo Singapore model. SoftBank Group and our American Yahoo headquarters jointly established a new company in Japan. What do you think of Yahoo Japan?"

Li Xiaofan replied, "Jerry, first of all, this is definitely a good thing. This new Yahoo Japan project will help expand the global influence of Yahoo America, and the Japanese market is much larger than Singapore. I support it! SoftBank Group What are the specific plans for this new Yahoo Japan project?”

"Mr. Sun's initial proposal is for SoftBank to invest 10,000 US dollars to hold shares, and we, Yahoo! America, to establish a new Yahoo Japan company. If you shareholders have no objections, we plan to hold a board of directors meeting next week to discuss this plan. Please come and attend this board meeting."

"Jerry, I don't have any big objections in principle. The only thing I have to ask for is Jerry. If it's possible and you directors agree, could you please convey it to Mr. Sun of SoftBank Group? We at Singapore Yifan Holdings hope to invest in this new company." Shares in the Yahoo Japan project, come together to participate in this new Yahoo Japan project..."

Li Xiaofan made this suggestion because in his previous life, Yahoo Japan performed very well, even surpassing Yahoo headquarters in the United States.

In the previous life, in March of the following year, the Yahoo! Japan project was listed on the Nasdaq Japan's NASDAQ, and later that year it was listed on the main board of the Tokyo Stock Exchange in Japan.

In 2008, the market value of Yahoo Japan reached an astonishing US$100 million, while the market value of Yahoo America in the same period was only US$100 million.

At its peak, the price per share of Yahoo Japan even exceeded 10,000 yen. Every move it makes has a huge impact on Yahoo!

Someone made statistics at that time. From 2010 to 2018, the stock price of Yahoo! in the United States increased by US$1, and some of the US$100.00 may be attributed to the contribution of Yahoo! Japan.

In the previous life, in addition to Son's own appeal, Yahoo Japan's position in the Japanese Internet market and its good revenue status ranked first in supporting Yahoo Japan's high market value. From year to year, Yahoo Japan's profit growth rate was , while Yahoo Global's profit growth rate during the same period was only . Yahoo Japan ranks first in Japan in areas such as online auctions, search, portals, broadband, wireless value-added, and online banking...

Jerry Yang replied readily on the phone, "Okay, Affan, I personally have no objection to your proposal. And currently your Yahoo Singapore station is doing a great job, which adds luster to our US Yahoo headquarters. If your Singapore I think it is a good thing that Yifan Company can invest in Yahoo Japan and provide SoftBank with some good experience! Affan, after I consult with several other shareholders, I will communicate with Mr. Sun from SoftBank. Under what circumstances should we contact you again?”

"Well, great, Jerry, thank you! In addition, Jerry, I want to ask you about someone. This person is your junior student at Stanford University. He is from India. His name is Sabeer&bsp&bspbhatia. He used to work at Apple. Work, and now I have started a business called hotail. Do you know this person?”

Yang Zhiyuan smiled when he heard this, "I know Sabir Badia. He is one year ahead of me, so he is my senior brother. He is one year ahead of me. He graduated from California Institute of Technology in 2011 and entered Stanford University as a graduate student. When he was at Stanford, he was mainly researching ultra-low power very large-scale integrated circuit design. He had approached me before and introduced me. I was not very interested in introducing a remote&bsp&bspjavasoft&bsp&bspweb database project. Later I heard that Tim Draper, another senior fellow at Stanford University, invested some money in him..."

At that time, Sabir Badia and another partner Jack Smith knew that the webail idea they discovered had huge market potential, so they began to raise funds from venture capital and investors. But they didn't want to explain the business to investors directly because they were afraid of disturbing Netscape, the largest Internet company at the time. Once Netscape also started to start a business, they would have nothing to do.

So the two of them were very smart at that time. They took the idea of ​​Javasoft web database and recommended it to venture capital and investors everywhere. Their little idea is that if investors hear about this relatively ordinary startup and are willing to continue listening, they will finally reveal their trump card.

Finally, perhaps because of the trusting relationship between Stanford University alumni, ti&bsp&bspdraper Tim Draper, the founding partner of DFJ Venture Capital, patiently listened to Sabir Badia’s idea and felt that it has great potential. , so they tried to invest 10,000 US dollars in angel investment in Sabir Badia and Jack Smith, asking them to quickly develop the Hotail product.

ti&bsp&bspdraperTim Draper, founder of DFJ Venture Partners, is known as the godfather of Silicon Valley venture capital. In his previous life, he successfully invested in a large number of well-known companies such as Tesla, Baidu, and Skype.

Tim Draper was born into a prominent family, has an open-minded and generous personality, likes to break the rules, likes to take risks, and has courage that few people can match. The company he led, Draper Fisher Jurvetson, had created numerous firsts in the venture capital industry. It was the first to advertise in the United States, the first to go public on the stock market, the first to invest outside the United States, the first to open branches or subsidiaries around the world, and the first to invest in Internet companies in the United States...

Li Xiaofan asked, "Jerry, do you have the contact information of Tim Draper and Sabir Badia of DFJ Draper Fisher Jurvetson?"

"I only have their email addresses. If you need them, can I forward them to your email address later?"

"Yes, that's great, Jerry, thank you!"

"Afan, you're welcome. If there are no other special circumstances, you should prepare to come to San Francisco next week to attend our Yahoo board of directors. In addition to discussing SoftBank Group's Japan Yahoo project proposal, we have several other important matters. It needs to be discussed and voted on. I will ask my secretary to send you the contents of the matters that need to be discussed. If you have any opinions, you can call or email me directly..."

"Well, no problem. I will definitely come to San Francisco next week. Jerry, I may bring several important partners of Yifan Venture Capital Fund to inspect Yahoo. If you are free, I hope you can take a few minutes to receive them. It would be best if you can have dinner with us!"

"Okay, if it doesn't conflict with other important things at that time, I have no problem. Afan, I will listen to your arrangements. If you can set a time, it is best to send me an email first, so that I can clear this time in advance!"

"Okay, I will try to set the schedule before getting off work tomorrow..."

After talking to Jerry Yang, Li Xiaofan was even happier.

If he can invest in the new Yahoo Japan project, he will go to the United States next week to find Sabir Badia, the founder of hotail. In addition to the two projects of OmniVision and Nvidia that have been invested, and Dr. Mao Siming's magnetic sensor chip project, the current reserve project library is already very rich.

Moreover, among these projects, except for the uncertain project of Dr. Mao Siming, the other four projects were all very successful in the previous life and are the leaders in the industry!

.