Rebirth Capital Entertainment

After nearly a year of development, Google is no longer the big cat and kitten it was when it was first established. It is constantly recruiting new employees to join, and it is also expanding the company's office area.

Now it occupies three floors of the entire office building, which makes the company larger and can easily accommodate hundreds of employees of the company.

In the company's largest conference room, Google and Red Shirt Capital were sitting opposite each other at the conference table, looking at each other with very serious expressions. Hundreds of millions of investments were involved, making both parties treat it with caution.

"This is our latest online search data and advertising revenue report."

Since they are negotiating, Kaos and others naturally want to show the best side of the company to the other party in order to gain more attention from the other party.

"Haha, you're welcome. We in the red shirt don't attach much importance to the current data. What we pay more attention to is Google's future prospects."

Mike Moritz looked at the data file, glanced at it lightly, and put the file aside casually, as if he really didn't care about the current data.

If Kaos hadn't sensitively noticed that the other party had obtained the document and casually glanced at it, he was actually looking at the profit report of the advertising business. I'm afraid he would have really felt like he had met a boss.

"Thank you. We believe that Google's future will never disappoint investors, and at the same time, it will bring different beauty to the world."

Although he noticed Mike Moritz's little move, Kaos did not expose it, but smiled and agreed with it.

"That's right, Google won't let you down. I wonder what the latest quotation that Red Shirt has brought us this time is." Carson also nodded and introduced the main topic of today.

"Given Google's profitability and development speed, we are willing to exchange 1 billion US dollars for 40% of the shares and become Google's shareholders and partners."

Mike Moritz still sounded like he was very optimistic about Google's future, so he invested in it.

However, the price of 1 billion U.S. dollars made Kaos and Carson frown. 40% was exchanged for 1 billion U.S. dollars. That is, the current valuation of Google by Red Shirt Capital is 2.5 billion U.S. dollars, which is far lower than the two people.

previous expectations.

Kaos did not speak in a hurry, but was silent and lost in thought. But Carson on the side could not wait any longer.

"Mr. Moritz, this price is a bit too low. As far as we know, Yahoo's current annual advertising revenue is only more than 70 million, but its market value has risen to 8.6 billion U.S. dollars, and our current revenue is expected to reach an annual

Between 40 million and 50 million, don’t you think the valuation of 2.5 billion is too small? I think the valuation is at least 6.5 billion.”

“I admit that Google’s advertising business revenue is amazing, but we have received news that Yahoo will also enter the online search field. In addition, Yahoo has begun its global layout. I think in this market environment, our quotation is still very high.

Fair."

Regarding Carson's point of view, Mike Moritz immediately gave a strong refutation. His words continued to speak too highly of Yahoo and disparaged Google, and he was completely unwilling to put the two in the same position.

Kaos could understand Mike Moritz's thoughts, so he was not angry. This was an essential strategy in business negotiations.

What caught his attention was the news that Yahoo was going to enter the online search field. This was much earlier than in history. It seemed that it was a change caused by the emergence of Google and its rapid development. At the same time, it also made him feel a little proud of himself.

I feel glad that I decided to start financing.

In addition to being a place where technology is compared, the Internet is also a game of funds. Sometimes whoever has abundant funds will also have a great advantage.

Although Kaos now has more than 200 million in funds, it is still a little pitiful compared to Yahoo. What's more, the other party is now in a period of rapid growth. You must know that in January 2000, Yahoo's market value was as high as 126 billion US dollars.

.

That is to say, in less than a year and a half from now to January 2000, Yahoo will once again surge 12 times to a market value of more than 110 billion.

Such a terrible data represents a huge amount of funds. Kaos does not think that he can beat this opponent in terms of money. This is also the reason why he chose to invest in VC financing now, because he wants to use the other party's funds and relationships.

, rapidly expanding Google’s power and withstanding the pressure from Yahoo.

As long as we wait until March 2000, this terrible opponent will no longer be so terrible, and it will be the time for us to overtake the opponent.

Thinking of this, Kaos felt a headache as he watched Carson and Mike Moritz continue to argue with each other. He tapped his fingers lightly on the table, attracting everyone's attention to him.

"Mr. Moritz, Google is not short of money. All we want to introduce you as a strategic partner is to prepare for listing early next year, and we only plan to raise two rounds of financing."

Kaos looked at Mike Moritz very seriously, stretched out his index finger and shook it gently, and continued to analyze with certainty.

"And we can only agree to a maximum of 30% of the shares this time, and divide it into four or more VCs to enter the market. As for how much each company gets, it depends on who gives us a price that satisfies us. You are the first one, this is

We show Redshirt Capital’s sincerity, but we also hope that Redshirt Capital will give us a sincere price.”

Kaos's words caused Mike Moritz to be silent for a moment, put his elbows on the table, put his hands on his chin, and fell into deep thought.

No matter what rhetoric he used before, it was all a means of business negotiation. After all, as a VC, you naturally want to get the least money and make the maximum profit. There is nothing wrong with this kind of behavior, but there is something in his heart.

A steelyard.

He will carefully measure the details. Just as Carson said, Mike Moritz's valuation of Google was actually lowered. According to his heart, the price is actually at least 7 billion. This is what he saw about Google.

The psychological price given by the advertising business revenue and data growth.

In the past, he regarded Google as a supplement to Yahoo's business, but now it seems that Google's future profitability is probably on par with Yahoo's, and it is a strong competitor.

This makes him not eager to destroy this bud, but more and more eager to join it. This is where VC is different from ordinary operating companies. Other companies want to eliminate their opponents, but VC is unable to

When it is eliminated, it will be added.

In this way, no matter what happens in the future, whichever side wins the final victory, they will not suffer greater losses.

What's more, if Google really goes public early next year, it means that the money spent now can appreciate in value and be realized as soon as possible.

"With a valuation of 6 billion, we will still invest 1 billion US dollars to enter the market."

Mike Moritz stared at Kaos, sighing that the children today are really amazing. I am afraid this is the youngest billionaire, it is really a crazy time.