My 1999
Chapter 386 PayPal
"Don't worry. You have to eat your food one bite at a time. The most important thing for us at this stage is the fundraising for the Mars 2B Fund.
At the same time, you should also find a few partners for yourself. The company is getting bigger and bigger, and there are more and more things to do. Hanhua Capital Silicon Valley Branch cannot go far if you work alone. "
Lin Junrui nodded, "Mr. Xu, speaking of partners, I have a suitable candidate here."
"who?"
"Chen Shijun."
"Chen Shijun?"
"Do you know him too?" Lin Junrui asked curiously.
Xu Liang nodded.
How could I not know the founder of YouTube?
"Shouldn't he be at PayPal now?"
"Just last month, PayPal was acquired by eBay for US$1.5 billion. Due to different business philosophies, most of PayPal's founding members left, and Chen Shijun was one of them."
Xu Liang understood.
He originally planned to invest in PayPal, but at that time PayPal was already in the road show stage, with limited growth, and he didn't have much money on hand, so he gave up.
"Which fund are you going to put him in charge of?"
"Mars II B Fund just plays to its advantages." Lin Junrui said.
Hearing what he said, Xu Liang suddenly thought of the PayPal "gangster" who is famous in Silicon Valley and even the global venture capital industry.
Yelp, the largest review platform in the United States, was founded by engineers Jeremy Stoppelman and Russell Simmons.
YouTube is the world's largest video sharing platform created by Chad Hurley, Chen Shijun, and Judd Kalim.
LinkedIn is the world's largest professional networking platform founded by Reed Hoffman.
Not to mention Musk, the famous electric car company Tesla and the world's largest private aerospace company SpaceX are both his companies.
Mabuse's name is heard around the world.
Peter Thiel, once one of the founders of PayPal, is a guy who can be compared to Musk.
Although he did not continue to work hard in the Internet industry after leaving PayPal, he became a godfather-level figure in Silicon Valley after entering the field of venture capital.
The Founders Fund venture capital company he founded provided $500,000 in start-up capital to the founders of Facebook in 2004, and this investment earned him 20,000 times the return.
There are many similar examples.
However, the key reason why PayPal was called a "gangster" by Fortune magazine lies in their "anti-traditional" characteristics.
As they advertise, the biggest difference between PayPal and Google is that Google wants to recruit Ph.D.s, while PayPal wants to recruit people who have given up Ph.D.s.
Xu Liang doesn't care what these PayPal people do, but he knows that these people are talents.
And investing in the companies they founded can yield huge returns.
Chen Shijun, who came from PayPal, is also more likely to get investment from "gangster" founding companies such as LinkedIn and Yelp.
"How did you meet Chen Shijun?"
"We met at a Chinese Internet entrepreneurship reception. He and I were both guests. After the reception, we chatted and found that we got along quite well. He is a very talented person."
Xu Liang nodded and pulled Chen Shijun into Hanhua. I wonder if he will have the opportunity to create YouTube in the future?
"By the way, why didn't you think of bringing Tony Hsieh in? Isn't he your good friend?"
"Jiahua is now the CEO of Zappos. He is focused on this and will not come to Hanhua. However, he promised that he would recommend it to me if I find a good company."
Xu Liang understood.
"The people at PayPal are all talented people, so we should try to recruit more."
"clear."
"Also, when they submit the project downstairs, remember to tell me. When the time comes, everyone will review it and do what they promised."
"OK."
Xu Liang stood up and said, "It's almost time. Come on, I'll treat you to lunch."
"thank you boss."
"Haha, you're welcome. Let's go."
——
"These idiots, I thought they could still cause some trouble for that damn Chinese, but I didn't expect that they would be unable to withstand it so quickly." Larry Ellison said angrily.
"BOSS, do you still want to continue to provide guarantees for Google?"
the assistant asked respectfully.
"Why should I provide guarantee for these greedy and stupid bastards? Damn it, why don't they grab a loan with an interest rate of no more than 2%!"
Larry Ellison was getting angrier.
Seeing this, the assistant quickly shut up.
After venting his anger and taking a few deep breaths, Larry Ellison picked up the phone on the table and called.
It didn't take long to get through.
Larry Ellison quickly said: "Howard, Oracle is going to acquire Vivendi Games and enter the video game industry."
After a moment of silence, a steady voice came.
"Ellison, neither the board nor management agree with your acquisition strategy.
Oracle is a database company, and we also have strong competitors including IBM and Sun Microsystems. We should stay focused instead of distracting our energy and capital because of some personal grudges. "
"Howard, Vivendi Games is a very high-quality asset and this is a rare opportunity." Larry Ellison continued.
"Larry, Oracle has no intention of investing, and databases and video games are too far apart.
Unless you want to hurt your leadership at Oracle and execute forcefully, no one can agree with your decision. "
After a pause, Howard slowed down his tone.
"Larry, I remember you have been supporting Google's acquisition of Vivendi Games, haven't you?"
"Yes. But those bastards, when they saw that Hongmeng had reached a few simple cooperations with Yahoo, they were so scared that they peed their pants and directly threatened me that if I didn't provide them with an interest rate of 2%, it would be as high as 300 million US dollars. loan, they would withdraw their bid for Vivendi Games.”
Larry Ellison was filled with rage when he mentioned the incident.
He felt like he was being stabbed in the ass by Sergey Brin and Larry Page.
My heart was filled with a strong sense of betrayal.
"Larry, you can convince Google to continue raising money."
"Of course I won't forget it, but those damn bastards refused. They just wanted to take advantage of me. Farke, they treated me like a fool, how dare they?!"
"Larry, calm down. Faced with the joint stranglehold of Hongmeng and Yahoo, it is not surprising that Google retreats. Even if you are angry, they will most likely not continue to acquire Vivendi Games. Of course, if you invest money in them, it is another matter... "
"I never want to see those two greedy bastards again!" Larry Ellison yelled.
"Okay, Larry. Then I suggest you give up your coveting of the Vivendi game for the time being..."
"Wouldn't this allow that Chinese clown to make a profit?"
"Larry, there will be many opportunities to teach the other party a lesson in the future. There is no need to care about the success or failure of one or two times. And withdrawing from the competition does not mean that the other party will get an advantage." Howard smiled.
Larry Ellison's eyes lit up, "Dear Howard, I need your advice now."
"Actually, it's very simple. Vivendi's losses this year exceeded 30 billion euros. They are now focused on selling off assets to pay off debts, so they are full of greed.
Just let Google quote a high price before exiting.
Even if Vivendi understands that Google just gave a bad check, excessive greed will make them more coveted.
By then, the negotiations between Vivendi and Hongmeng will be more tortuous and even full of variables.
If done well, this negotiation can delay Hongmeng for a long time, making it difficult for them to use their funds for corporate expansion, while our little ally Google can take the opportunity to grow.
Larry, Google's business is in a competitive relationship with Hongmeng. The enemy of your enemy is your friend, so Larry Page and Sergey Brin are your natural allies. Don't destroy this relationship.
In the future, they will help you when you plan for Xu Liang. "
This analysis was sound and well-founded, which made Larry Ellison suddenly feel enlightened and his sorrow disappeared.
"Howard, hiring you as Oracle COO is the best decision I have ever made."
Hearing this, Howard felt relieved and finally managed to persuade this mad cow.
"Larry, thank you very much for your trust."
——
Isaac Manor.
A large estate located in Sotherton covering an area of nearly 30 acres.
It is also a place specially rented out to host private parties and cocktail receptions for the wealthy.
"BOSS, here we come."
Lin Junrui, who was driving, reminded.
"You look like you are familiar with the road. Do you come here often?"
"It's not that often. After I sold LinkExchange to Microsoft, I was invited to participate twice."
Although Lin Junrui's net worth is far less than that of Xu Liang, he is still a rich man with nearly 100 million US dollars in assets in his account.
In 1995, he founded LinkExchange with Tony Hsieh. In 1997, he received an investment of US$3 million from Sequoia. In November 1998, it was acquired by Microsoft for US$265 million.
As the major shareholder, Lin Junrui also has tens of millions of dollars in cash and a certain amount of Microsoft shares.
Later, he established an investment company with Tony Hsieh.
Zappos is their first investment project.
However, the companies they invested in suffered heavy losses in the Nasdaq crisis, and as Hsieh's focus gradually shifted to Zappos, Lin Junrui simply accepted Hanhua's invitation and became the head of Hanhua Capital's Silicon Valley branch.
After passing the inspection by the gate guard, Xu Liang and others drove into the manor.
Park the car and step into the main building.
Along with the rolling heating, a hall with an area of more than 200 square meters appeared in front of us.
Under the bright warm-colored lights, accompanied by melodious light music, well-dressed men and women holding wine glasses gathered together to communicate.
Most of them are Chinese, but there are also white people.
"Xu Liang, are you here?"
Accompanied by the familiar voice, Yang Zhiyuan strode forward with a smile on his face.
As the founder of Yahoo, Yang Zhiyuan is undoubtedly one of the top few people here, attracting the attention of everyone around him all the time.
Seeing him approaching, everyone's eyes turned to Xu Liang curiously.
Because of the conflict with Larry Ellison in January this year, although the final octagonal cage battle did not happen, it also made Xu Liang famous in the United States.
Especially the wealthy Chinese circles basically all know him.
But it was the first time to see a real person.
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