Rebirth Capital Entertainment

"Yes, the beauty of Her Royal Highness really makes the whole world eclipse."

Seeing Lin Yifei's little expression asking for praise, Kaos hooked the bridge of Lin Yifei's nose with his finger, and then spoke.

It was just these apparently perfunctory words that made Lin Yifei's face bulge, and she slapped Kaos hard on the shoulder.

"Haha... Mike Moritz, let's talk?"

Seeing Lin Yifei's cute angry look, Kaos smiled and reached out to hold Lin Yifei's little hand. He turned to look at the few visitors present and extended an invitation to Mike Moritz.

"Okay, I just want to chat with you."

Mike Moritz looked at Kaos and nodded, as if he had been prepared for Kaos to discuss it with him.

"You wait here first, or go with Carson. I'll be back as soon as I go."

Kaos gave Lin Yifei a few words, turned around and followed Mike Moritz out of the hall, went upstairs to a leisure room, and sat down casually.

"Kaos, you are probably doing this because of the previous listing."

The wine glass in his hand was shaking gently, and Mike Moritz asked with certainty.

"Yes, we will communicate with the brokers later. We also need to be nice, don't we?"

Kaos was a little unsure of Mike Moritz's specific thoughts.

For start-up companies, VCs are sometimes angels. Having them means that they don’t need to worry about funds and will also have a large number of contacts and other resources.

But this does not mean that VC is absolutely good. Capital has never been kind and wants to swallow everything up all the time. Especially for a company like Google that has shown high value, if it does not need people to run it, then

They are eager to take away all the shares and power.

This is why Kaos also brought in many other VCs when it introduced Sequoia Capital.

"We agree with the brokerage auction plan you proposed. After all, we can get more money from the brokers. No one will disagree. It's just that the AB shares you proposed are not easy to pass, and everyone is not very satisfied.

Agreed, you also know that this gives you too much power, and autocratic companies are contrary to American freedom."

Mike Moritz was somewhat amazed at Kaos's wisdom.

You must know that every company listed in the United States will be skinned by brokers before going public. Brokerages buy the stocks of the companies to be listed at ultra-low prices, then sell them to those who need it in the market, with some ups and downs in between.

One flip is a huge profit.

But this is not friendly to listed companies. After all, stocks originally worth 100 US dollars can only be sold to brokers for 50, 60, 70, or 80 prices.

The plan proposed by Kaos will solve this problem very well. As for being boycotted by Wall Street, this is not a problem in Mike Moritz's opinion. There are so many institutions on Wall Street, including large institutions, so naturally

There are also small institutions, and these small institutions always want to surpass their predecessors.

Under such an environment, Wall Street cannot be monolithic. As long as there are interests involved, they may fight internally.

Normally speaking, the stock of a high-quality company like Google is a guaranteed profit trade. Generally, there is no chance for small institutions to participate, but now Kaos has given away the opportunity.

As for the act of uniting to boycott, in the case of anonymous auctions, who can guarantee that some institutions will not take advantage of the opportunity to sell and win the biggest piece of cake, so no one can trust their peers at all.

In this way, the possibility of failure of the brokerage auction plan is too small.

But on the contrary, the AB-share plan caused some resistance from Mike Moritz and other VCs. After all, the small voice in Google will be reduced to almost nothing. Under such circumstances, there will naturally be some resistance.

"Haha, Mr. Mike, as long as Sequoia Capital agrees and we join forces, do the opinions of other VCs matter?" Regarding Mike Moritz's statement, Kaos smiled again.

"No... no... no, Kaos, we are a whole and we should unite as one. How can we fight against our partners in isolation in a small internal group?"

Mike Moritz rejected Kaos' plan with some righteousness, and even looked a little angry.

"Mr. Mike, integrity has nothing to do with you. Let's talk about your conditions and how you can agree."

The corner of Kaos's mouth twitched, he looked directly at Mike Moritz, and asked directly.

As a VC, if you say that Mike Moritz is upright, then Kaos feels that he is no more credible than a wolf eating shit. The other party is pretending to be stupid. From Kaos's point of view, it can only be said that the conditions have not allowed the other party to

satisfy.

"Haha, Kaos, I like chatting with smart people."

Seeing that Kaos was so successful, Mike Moritz smiled with satisfaction, leaned his upper body forward slightly, looked at the slightly rotating wine glass in his hand, and spoke again: "The above means that Sequoia Capital is in Google

The interest is too small, we want to expand the shareholding to about 40%."

"This is impossible."

Almost after listening to Mike Moritz's words, Kaos immediately refused.

Now Sequoia Capital only holds 23.36% of the shares in Google. If they want to continue to expand their shares and open another round of financing, other VCs will not agree, and that will further compress Kaos’s interests.

shares, which he could not agree to.

As a result, only Kaos privately sells 17% of its shares to Sequoia Capital. This option can be chosen, but now it is the eve of listing and it has given Sequoia Capital so many shares. The current loss may be more than one billion US dollars.

.

And 1999 was the most important year in the Internet boom. This loss will only continue to expand, and it may even be tens of billions of profits in the future. Kaos feels heartbroken.

"Kaos, you have to know that although power and interests are companions, you still have to make a choice of priorities at critical moments."

As if he was determined to eat Kaos, Mike Moritz was not in a hurry. Instead, he spoke slowly and took a sip of wine while showing a pleasant smile.

It was just this smiling face that made Kaos want to punch him, but that was just a thought.

Looking at Mike Moritz, Kaos was silent for a while, then suddenly burst into laughter. After a while, he stopped laughing and said: "Mike, you Sequoia Capital are just for profit. I'm afraid you have no regard for management and management.

I have no interest in developing Google, so as long as I can bring you benefits, isn't it enough?"

"Let's make a bet. By December next year, I will bring Google's market value to more than 50 billion US dollars. If it cannot be reached, I will personally compensate Sequoia Capital for 20% of its shares for free. If it succeeds, I will also

How about selling 10% of Sequoia Capital’s shares at the prevailing market price?”

Kaos looked at Mike Moritz's proposal with a smile, and his tone was full of temptation. At the same time, it made the room quiet.