Silicon Valley has folded a large number of companies, and now the situation is finally improving.
Under the protection of Su Yehao, Google not only survived, but also lived well.
Some non-listed companies that performed well, in order to seek financing, cut their flesh and blood to survive during the cold winter period, exchanging equity for survival, resulting in heavy losses.
And Google has him as its backer, but it's just a little more prudent.
Since the Internet bubble collapsed in early March 2000, it has been steadily expanding its market share in the past three years.
Now that funds are entering the market again, a new round of mergers and acquisitions is taking place in Silicon Valley. Su Yehao has been here for more than half a month and has heard about many people who have been acquired, and who have received tens of millions or even hundreds of millions of dollars in financing.
example of.
His own KOKO Venture Capital also continued to invest. While increasing its holdings in Apple and Amazon stocks, it also financed the acquisition of some interesting companies.
For example, the big data company previously recommended by Larry Page was renamed "Krypton". The name comes from Superman's hometown.
This has nothing to do with Su Yehao. The partners chose the name themselves. 85% of the company's equity is owned by KOKO Venture Partners, which gave several founders equity shares and high annual salaries.
in addition.
In recent days, Su Yehao has been looking for help to set up an electric vehicle research and development company.
He will soon go to the Cayman Islands to register a company, then recruit people, test the waters under the banner of developing new energy supercars, and place the R&D headquarters in Silicon Valley.
A former R&D executive from General Motors acted as a consultant. The other party suggested that Su Yehao try to use laptop lithium batteries as a power source. In theory, as long as there are enough batteries, it can bring a range of three to four hundred kilometers. The disadvantage is that the cost is extremely high.
, basically does not meet the conditions for mass production.
Pagani Supercar Company has ready-made car manufacturing technology and can also provide certain help.
If we only focus on supercars in the early stage, I believe that even if we quietly accumulate some technology, it will not attract the attention of traditional automobiles and oil companies.
As the saying goes, if you have too many debts, you don’t have to worry; if you have too many lice, you don’t have to itch.
If you worry about gains and losses, you can't do anything.
Su Yehao has tried his best not to think about what will happen in the future, and is preparing to work hard in the next ten years, striving to retire before the age of thirty-five, leave a legend behind, and retire with glory.
Rather than blindly hiding and making concessions, it is better to work hard to promote a wave of wealth creation and take the opportunity to consolidate the basic market.
…
After listening to the people from Goldman Sachs introduce the financing situation, Su Yehao and Google executives continued the meeting.
Chief Operating Officer Danielle Kenning.
As Google continues to grow, she has become more and more aura of a superior person. However, in front of Su Yehao, the major shareholder, her limelight has been completely overshadowed and she appears to be inconspicuous.
Danielle Kenning reported at this time:
"Boss, I received news this morning that a Chicago law firm seems to be looking for a group of our users to try to launch a group lawsuit. They accused our company of collecting their private data without their permission.
, I am going to arrange for a legal consultant to go to Chicago."
Su Yehao had a headache and said: "When doing business in the United States, you really have to deal with lawyers all day long. The GDP of the United States probably accounts for hundreds of billions of dollars every year, all related to the litigation industry. So... Google here
Is there any fault? What are the specific circumstances?”
Danielle Kenning certainly didn’t cause trouble for herself, simply explaining:
"This is mainly because we use a new algorithm to accurately push ads to users. Of course, we will count some of the users' habits behind the scenes, but in the updated agreement, our users have been clearly informed and can be canceled through settings."
"The bigger the company, the more careful we have to be. The outside world will always try to take advantage of loopholes. It is said that many law firms survive by blackmailing large companies and forcing us to sign settlement agreements."
Google is pretty good here. Since the birth of the Kaomoji Group, various lawsuits have never stopped.
Many lawyers are very expensive. One hour's fee may be as high as six to seven hundred US dollars. Some lawsuits will cost tens of millions of dollars, which is very annoying.
After thinking about it, Su Yehao added: "To learn from the experiences of other companies, it is best to cooperate with a capable law firm and conduct regular self-examinations to ensure that others are not caught. There are also racial issues, gender issues, etc., Qian
You must not be caught."
After saying this, Su Yehao looked around and was immediately shocked.
Because he suddenly discovered that apart from himself, among the more than ten people present, only he was Asian, and the others were all white.
Not only that, except for Danielle Kenning and a deputy financial director, they were all men. The white female secretary responsible for recording the meeting was directly excluded by him.
If someone persists in this issue, they will probably cause unnecessary trouble.
then.
After a short meeting to discuss Google’s recent problems, Su Yehao called Danielle Kenning and CEO Eric Boyle to the office.
The two Google executives looked at each other and couldn't figure out why.
Su Yehao's office is clean and he only comes here two or three times a year. Standing by the window, you can see the lush park. There are many yellow leaves in this season, and the scenery is very good.
Danielle Kenning spoke first and asked: "Is there anything else, boss?"
"Yes, I suddenly discovered some problems. Did you realize anything through the meeting just now?" Su Yehao asked.
What may be a small matter in Hong Kong or the Mainland is a big deal in the United States, and can easily cause a company to go bankrupt.
Even Su Yehao had heard about things like MeToo, Black Lives Matter, etc., and had to take precautions in advance to avoid someone making a fuss.
Eric Boyle thought carefully for a while, but finally failed to keep up with Su Yehao's pace, and asked tentatively: "Do you think something is wrong?"
"Well, except for me, the executives present just now are all white, and there are too many male employees. The number of black... African Americans should be appropriately increased, as well as Latinos, Asians, etc.
Now as long as you two know what I'm saying, I think diversifying employees is more conducive to the development of the company."
After listening to Su Yehao's words, Eric Boyle thought he had received some news, and said in a tangled tone:
"But we are an Internet company. The proportion of whites and Asians is slightly higher. The majority of programmers are men, and the same is true for other colleagues."
Danielle Kenning also reminded: "Google has done a good job in diversification. Asians account for more than 30%, of which Chinese are the majority, and the rest are from India, Japan, and Southeast Asia.
etc."
Su Yehao told:
"But the outside world doesn't pay enough attention to ordinary employees. It just so happens that the company is expanding and some new positions will be released. And among the branches, you should consider adding some different faces. I heard that there are corporate photos because they are all white.
I was scolded so badly that I even used a computer to edit the pictures and add a few black...African Americans. There are also issues between men and women. The company must implement zero-tolerance measures and arrange some positions for supervision."
Danielle Kenning probably understood what Su Yehao meant and said: "I will pay attention to this aspect. Google has become one of the giants in Silicon Valley. It should really pay more attention to these aspects. I ignored it before. I will arrange people and statistics."
An employee diversity report is out.”
"Well, there's no need to exaggerate. It's enough that the data is better than that of other peers. The key is to look at ability..."