"We dropped hundreds of thousands of dollars in one fell swoop, and they agreed very readily."
Su Yehao said.
After the negotiation, an agreement was signed directly, which means that the transaction has basically been completed, and the patented technology is only waiting to be delivered after the loan is released.
Some talents from the original company will also be included in the TAT R&D center.
The current name of the search engine is Kasos. Su Yehao doesn't think it's very good, so he wants to change it to "TVT" or "TOT", and use emoticons to create a brand image and deepen the impression of users.
John Zhou hesitated for a few seconds and finally told:
"I mentioned before that they once received a million US dollars in financing, but unfortunately the product did not develop in the end, so the investors had to withdraw their capital at a low price and transfer the shares to the founders. In fact, if you kill 300,000 US dollars
If you don't let go, they will probably agree. Look at how refreshing it is when signing the contract. Silicon Valley now has thousands of entrepreneurial teams. In the end, they can cash out for more than 300,000 US dollars and leave. They are lucky to have met us.
"
Su Yehao was happy and didn't care about the gains and losses of tens of thousands of dollars. He asked with interest: "I spent a million dollars on it. Why do you think it didn't develop?"
"Why else? On the one hand, the influence is not enough, and on the other hand, the money is not enough. Spending one million US dollars on publicity and promotion will only burn out a few thousand users. The cost is too high. Yahoo is suppressing it, and several companies are occupying it.
With a large market share, if we spend another 100 million US dollars, maybe the Cassos search engine will be successful, but no one is willing to take a big gamble. Those with money would rather invest in already successful companies. The 80/20 rule is especially obvious in the Internet industry, where the winner takes all
overwhelming market share."
After John Zhou finished speaking, he smacked his lips and continued:
"You are using your own funds, so you can't feel it. In fact, this market is very realistic. The cost of trial and error is too high. Once it is initially proved that it is not working, all investors will choose to give up. For example, the Kasos search engine, get
After one million US dollars, no one will dare to invest in it. There are too few retained users. If one user spends 20 US dollars, it is very likely that in the end, he will lose his pants."
Su Yehao suddenly understood and nodded in understanding.
John Zhou is right. Su Yehao has money of his own and does not need to go to the market to find investment funds. His previous contacts with Silicon Valley were only investments in Yahoo and Amazon stocks.
He really knows too little about the "ecological environment" of Silicon Valley where the jungle prevails. The mainland market he is targeting is like an undeveloped new continent. It has not yet directly collided with and competed with Silicon Valley companies. There is only an arm-wrestling between WPS and Microsoft Word.
When it comes to Yinhai's WPS files, Su Yehao is planning to further lower the price. By injecting 10 million interest-free loans into Yinhai, he will join forces with other shareholders to strive to make the office software free and open, divided into "simple version" and "full version".
There are two types of "functional version", the latter is priced at no more than ten yuan.
After all, whether Yinhai makes money now is not important at all to him, the major shareholder. Seizing market share is the key.
Since he has made huge gains in the stock market, Su Yehao has undoubtedly gained a lot of confidence. He no longer has to worry too much about investing tens of millions of Hong Kong dollars. Compared with other entrepreneurs, his advantages are obvious.
At this moment.
Su Yehao told John Zhou: "There is nothing we can do about the holidays in the United States. Remember to bring the product back and give it to the team in Hong Kong City to modify and improve it as soon as possible. The sooner you enter the mainland market, the better. I will handle matters like registering a new company."
If you leave it to others, just call it TOT."
"...TOT, what a strange name again."
"The name is not important, as long as it can be remembered."
Su Yehao changed the subject: "By the way, Lao Zhou, you've been busy lately, I've noticed it. When I get back, I'll ask the finance department to transfer a bonus to you privately. Next year, your salary will be increased to HK$700,000. Work hard."
The company is small and it is difficult to recruit well-known managers. Even if they are recruited, they may not have a tacit understanding with John Zhou.
In order to control costs, some bosses like to raise salaries by recruiting new people instead of promoting old internal employees. Su Yehao doesn't think so.
In his opinion, as long as the direction of advancement and exploration is right, the capabilities of the management are similar. Compared with smart people with personality, obedience, reliability, and seriousness are the focus of Su Yehao's concern.
I have made every effort, and I only have over a hundred people under my command. Even if all the salaries are raised, the cost will not be too high. There is no need to worry too much about management. After all, it is just a small company that has been developing for half a year...
John Chow had some local friends.
After leaving the R&D center, he took Su Yehao and Yin Liuli to visit other companies.
Unlike the ordinary retail industry, the backstage cannot be separated from people, so even on holidays, there are always personnel on duty to avoid being blocked from the door.
Beside the road.
Su Yehao saw many familiar signs, including IBM, Apple, Microsoft, HP, Oracle, etc. Yahoo, which he invested heavily in, also had advertisements saying that it was recruiting people with high salaries.
As a major shareholder, you will inevitably have the urge to go to Yahoo headquarters.
Several hundred million Hong Kong dollars of assets are tied up with Yahoo. After all, it is currently the eighth largest shareholder and will never be kicked out.
Su Yehao's name has been rising steadily in the list of major shareholders disclosed by Yahoo. In fact, his shareholding has remained unchanged in the past two months. However, other major shareholders took advantage of the opportunity of the stock split to cash out some of their shares. This led to
His name moved forward one more place.
Since Yahoo went public, its stock has been rising sharply, and its current total market value has exceeded the threshold of three billion US dollars. It is not surprising that some people feel that they have made enough and choose to withdraw their capital.
Judging from Yahoo's profits alone, it is obvious that it cannot support a market value of three billion US dollars. The price-to-earnings ratio is astonishingly high, far exceeding that of many established listed companies.
The view that the Nasdaq market is a serious bubble has been around for a long time, and some people really believe it.
There are also people who have gone short all the way and lost all their pants, but still have not changed their mind about the Internet. These people are often over forty years old, their ideas cannot keep up with the development of the times, and they cannot see the future.
[A book-chasing app recommended to me by an old book friend I have known for ten years, Yeguo Reading! It is so easy to use. I rely on this app to read and listen to books while driving and before going to bed. You can download it here www. 】
Su Yehao bought Berkshire Hathaway's shares at the end of March and then sold them as soon as possible because in his view, the old stock god was behind the times and could not keep up with the fast track of getting rich overnight.
It is safe to pay attention to value investment, but in the end, development opportunities are missed.
For more than an hour, he inspected two small companies one after another. He found no investment target that made Su Yehao excited, so he casually asked about Jobs and Apple.
From John Zhou’s mouth, I learned that Jobs had just returned to Apple last year. A few years after being driven out of the company he founded, he once again became Apple’s CEO.
This is similar to the time in Su Yehao's memory. Apple was still half-dead. It had just received a $150 million investment from Microsoft and had yet to produce any decent products.
It feels amazing to experience these old almanacs in person.
Su Yehao finally went to Yahoo. After identifying himself, Yahoo's chief operating officer personally led him to visit the company.
He is said to be a shareholder, but everything seems very strange.
Originally it was just for investment and making money, so it was difficult to find a sense of identity and belonging.
Instead, Su Yehao has been thinking about poaching people, finding some experienced talents to work for him, and stifling Du Niang in the cradle...