I don’t blame Larry and Sergey for being easily swayed, it’s just that Su Yehao gave too much.
If agreed to be acquired.
After excluding the money that needs to be distributed to investors, the two of them not only have about 600,000 US dollars left each, but they can also get a coveted high-paying job.
There is no need to worry about funds and future, let alone worry about business failure all day long, or worry about bankruptcy.
It has taken more than two months since starting the business in September. The number of users of the anti-link search engine has only increased from more than 1,000 to more than 8,000.
What's the use of advanced algorithms? The actual experience is indeed not as good as that of Yahoo, which has a lot of money.
In order to continuously optimize the anti-link search engine, we now have to pay more than 70,000 US dollars every month. Even so, new employees often change jobs and leave. I feel that the anti-link company has no future at all.
Dreams cannot be eaten as food, but getting hundreds of thousands of dollars in salary and continuing to work as a manager is indeed very satisfying to Larry Page and Sergey Brin.
An acquisition offer worth two million US dollars knocked them both unconscious, their eyes filled with excitement.
Look at Su Yehao again.
While drinking beer, I saw the expressions of these two people and instantly guessed that the price was probably too high.
As investments continued to make profits and money flowed into his name like a strong wind, Su Yehao gradually became numb to spending money.
I bought a few boxes of sandalwood last year, even if I spent several thousand dollars, I thought it was expensive, but now I just casually mentioned that it cost two million dollars, and I felt almost no fluctuation in my heart.
The changes are really big.
After a brief consideration, Su Yehao asked: "Are there any equity restrictions in the angel round of financing you accepted? If you are willing to be acquired by me, the annual salary can be US$250,000. As long as the performance is outstanding enough, there will be bonuses and
Equity awards.”
Sergey almost nodded in agreement, but suddenly realized that he did not own the company, and then glanced at Larry.
Larry Page swallowed.
The average annual salary in Silicon Valley is more than 90,000 U.S. dollars, but that refers to formal employees of formal companies. Even if you have a PhD degree from Stanford University, an annual salary of 250,000 U.S. dollars is still a pretty good figure and extremely tempting.
It seems that as long as you say a deal, the peak of your life is right in front of you, not to mention that the annual salary of US$250,000 is just a basic salary, and there are additional opportunities to receive bonuses and so on.
A start-up company with only a few thousand active users can be sold for two million US dollars, which is definitely enough to make people drool with envy.
A few days ago, I heard that the Iron King game company had sold more than two million US dollars, and the two of them had been envious and jealous.
At this moment.
The same opportunity was in front of him. Larry Page felt particularly difficult and didn't know how to make a decision. He turned to Su Yehao again and said: "What about financing? If we accept your financing, how do you want to cooperate?"
?”
"...This requires a careful understanding of your company, and I can't be sure yet."
Su Yehao just finished speaking.
Sergey couldn't sit still anymore, stood up, pulled Larry, and smiled at Su Yehao: "Please wait a moment, I will discuss it with him..."
Larry Page, who was confused, followed Sergey out of the bar obediently.
The two of them stood at the gate.
Sergey asked: "Larry, what do you think? I think his purchase price is very sincere."
"But I still hope to retain some shares. We have conceived the idea of the anti-link search engine for more than two years, and it is difficult for me to accept it when it is suddenly handed over to others." Larry said.
Sergey said decisively: "But he gave a good number, which at least proves that our hard work has not been in vain. Just like a girl who was raised hard, marrying a good family and having a bright future is not bad. Besides, we will also
If you continue to work on anti-links, as long as your performance is outstanding enough, you will still have the opportunity to receive equity rewards, and you may gain more by then."
Holding his eyebrows with a headache, Larry actually felt that Sergey was right. He told him: "We don't have to make a decision in a hurry. We don't know what the financing plan is yet. Maybe we can get one million US dollars, and the company can
There will be no shortage of money.”
"But if you get one million US dollars, you may not necessarily get the full support of ICQ and TVT. What if after he arranges for people to complete the investigation, he finds that our company is not worth that much money at all, then we will become someone else."
What do you call a fool?" Sergey continued.
The family conditions are very ordinary, and Sergey is very satisfied with the achievements he has achieved today, so he can't wait to seize the opportunity, and he does not necessarily have the ambition to become rich.
Larry Page takes a few deep breaths.
Even if it is a company they founded themselves, Larry does not think that the value of his company can reach two million US dollars.
[To be honest, I have been using Yeguo to read and catch up on books recently. I can switch sources and read aloud with many sounds. www. Android and Apple are available.]
Suddenly realizing that what Sergey said made sense, Larry bit his thumb, folded his hands around his chest, walked back and forth for a while, and made up his mind to tell:
"Not only us, but other members of the team must also stay. Even if the sale is only for more than one million US dollars, 10% or 20% of the shares must be retained. In this way, it will not delay his support of our company and wait until the users change.
If there is more, we can also make another amount of money by holding shares, that’s it!”
After thinking about it, Sergey said cheerfully: "Okay! Let's give it a try first..."
It's already past ten o'clock.
Su Yehao drank some beer and suddenly felt sleepy. The drinking atmosphere tonight was not lively enough and it was difficult to enjoy himself.
After Larry and Sergey came back, they continued chatting with them for a while. Since other investors were involved, the two parties quickly reached an agreement.
The specific content is mainly to acquire the company for 2 million U.S. dollars, provide Larry and Sergey with an annual salary of 250,000 U.S. dollars, and not only promise not to lay off employees for three years, but also give other employees of the anti-link company 100,000 U.S. dollars.
Starting salary.
besides.
It was also agreed that as long as the anti-link company's daily active users reach one million, Larry and Sergey will each be given 5% of the company's shares, and promised to include anti-dilution clauses. Until the listing, they will each hold 5% of the company's shares.
%.
If he wants to sell it, Su Yehao can also buy it back according to the market valuation and has the right of priority to repurchase it.
This condition, given the current scale of the anti-link company, is already quite generous.
Especially the option reward plan where the two of them together account for 10% of the shares, even if it is only 10%, as long as Su Yehao uses ICQ and TVT to fully promote and develop the anti-link search engine, this share will be in the eyes of Larry and Sergey.
Here, it is more valuable than the shares held today.
50% of one million US dollars and 10% of 10 million US dollars. For such a simple arithmetic problem, elementary school students know that the latter is more.
Both parties were afraid that the other party would regret it, so they found a lawyer on the spot and signed a memorandum first. Su Yehao first wrote a check for US$600,000 and waited until tomorrow to sign the formal agreement.
With Larry and Sergey's right to speak, they can make decisions directly without having to discuss with other investors.
On the pretext that backlinks don't sound good, Su Yehao suggested that they change the company's name to "Google".
Google, which was blown away by butterfly wings, is finally back.
In fact, the name can be changed or not. However, Su Yehao believes that changing it to Google is more in line with metaphysics. It seems to be easier to succeed and more valuable...