novelones Chapter 1190 Reunion with Pixar
Chapter 1190 Reunion with Pixar
For Chris, it was a no-brainer.
Xia Chuan's investment risk-return ratio is the best in the world.
Chris remembered that Xia Chuan once said that the Internet in the United States was hundreds of times more profitable than drug trafficking. Now it seems that he was not just talking. How can drug trafficking be as profitable as investment?
Even if it goes public and is diluted, it will still be at least 30%. If you earn 30 billion US dollars in six years, what else should you consider?
For Xia Chuan, the eagerness to dilute the equity is not because Yahoo is in urgent need of money.
The US$100 million had only been invested for a few days, which was not the time to raise capital.
But Xia Chuan must clear the way for Yang Zhiyuan to enter the island country, which is an Internet market second only to the United States.
The first is China, the second is the United States, and the third is the island country.
If Xia Chuan holds 80% of the shares, I don’t know how much resistance Yahoo will face if it wants to develop in the island country.
But it looks much better now.
Xia Chuan and Americans are tied as major shareholders, and the island nation can close its eyes.
As for not reducing the shareholding below 100 billion, Chris did not mention that Xia Chuan must also write it into the contract. This is speculation. It clearly tells the market that Yahoo is going to have a market value of 100 billion. Is there any obstacle to listing with a valuation of 10 billion?
At the same time, he also clearly told the market that Xia Chuan would reduce his holdings and exit when the market value reached hundreds of billions of dollars. In addition, he said that the United States would decline in 99. What would the market think?
The highest probability is that Xia Chuan's judgment is wrong, just like not believing that the United States will decline, not believing that Yahoo has a problem.
Everything is Xia Chuan safeguarding his credibility and authority.
But Xia Chuan really wanted to retreat on a large scale in 99. Yahoo was indeed just a bubble. Cisco, Dell, and Mi Online all had to withdraw. Only Musk needed to increase investment.
But after five or six years of digestion of Xia Chuan's operation, the market no longer panicked, and the takeover became a matter of course.
They all got into trouble with Xia Chuan.
……
With the powerful power of the Galvin family, Chris borrowed one billion dollars directly from the bank and deposited it into his Yahoo account.
Then he signed a contract with Xia Chuan and completed the capital injection into Yahoo.
Yang Zhiyuan was not involved in the entire process. He only called to inform him that he had modified the company's equity registration and sent him a contract.
Yahoo was in a state of excitement and revelry.
The 20% management shares were not diluted at all.
What is the concept of not reducing holdings below 100 billion US dollars?
Looking at Xia Chuan's operational capabilities, it's no wonder he wants 80% of the equity.
It’s not that he must control the American Internet, but he doesn’t control China. In fact, the way it operates is different. The United States has a strong capital market and can easily raise funds, and its development path is different.
The entire capital market was also ignited by Xia Chuan's operations.
……
After Xia Chuan completed Yahoo's capital injection, he and Zang Hong rushed to Pixar Animation.
Because today is Saturday, it is a weekend in the United States, and Xia Chuan has naturally stopped recruiting. He cannot focus on anything else except recruiting.
Pixar animation is always full of fanatical passion, and no one has a day off on Saturdays.
In particular, Jobs and Xia Chuan made an appointment to meet here.
The two embraced each other warmly, and general manager Dr. Ed Catmull was even more enthusiastic.
After the four people sat down, the doctor asked enthusiastically: "Xia Chuan, is it true that gravity affects emotions? Why do I feel like everything is normal and the employees still feel like that?"
Xia Chuan laughed loudly: "It's absolutely true, it's just that Pixar employees are full of passion, and you can't tell it even more.
When our "Toy Story" is released next year, it will create a miracle in the history of movies and the highest box office record.
Then we will go public simultaneously and move the company to Luoshanji. You have the final say on everything, including equity incentives and personnel appointments.
As long as Pixar can continue to be brilliant, it won't be a problem. "
The doctor was immediately excited. Where could he find such a boss? He has the final say on the equity, as long as it makes Pixar brilliant.
Jobs smiled more and more, and Xia Chuan really loved Pixar like his own child.
The three of them chatted about animation and mobile phones, and the topic turned to Yahoo.
Jobs asked with great interest: "Your Yahoo operation, it seems that you are really planning to withdraw in 99?"
Xia Chuan said with an upright face: "The retreat does not include Pingguo and Pixar."
This sentence made the two of them horrified. On the other hand, wouldn't it be understood that except for these two families, they all evacuated?
This is even more incredible than simply withdrawing from Yahoo.
The doctor said in surprise: "I can't understand your logic of the 99 recession. Can you explain it?"
Xia Chuan smiled and said: "Let's not talk about Zhengzhi. You can't understand it, let alone talk about it."
The doctor smiled, indeed, Xia Chuan's time is precious and cannot be wasted with people who don't understand.
Jobs changed the question: "What about Musk?"
"He has the final say. I will only invest the 10 million. When it is sold in a few years, it will be sold together with mine." Xia Chuan said.
Jobs and Jobs immediately felt that this place was unfathomable. What kind of alliance was this? Musk had the final say in selling shares?
The doctor asked tentatively: "What did he do after selling it?"
"Rocket." Xia Chuan smiled.
The two finally understood that Xia Chuan had found the person who made the rocket.
I just want to make some quick money on the Internet first. After all, Rockets need to accumulate technology, so there is no need to worry.
Jobs asked with great interest: "On what basis did you choose Musk?"
Xia Chuan repeated Musk's words.
The doctor was stunned, humans are just virtual games?
Jobs laughed and said: "This is like two ants debating whether humans should raise them as experimental animals. The ants' information limitations determine who wins and who loses. It has nothing to do with the facts. It is just a logic game.
If you want to know the truth, you have to break out of the two-dimensional space and enter the three-dimensional world of human beings.
The same is true for humans. If you want to know the truth, you have to break out of the earth.
Therefore, Musk must rush out of the earth.
This proves that he himself is not sure what the truth is. It is just a logical debate, so the doctor does not need to take it seriously. Xia Chuan only recognized Mask's way of thinking, not the game theory. "
The doctor was finally relieved.
Zang Hong was immediately impressed. Jobs's words made him completely enlightened. It was indeed the pattern of a great entrepreneur.
But the next sentence shocked him.
Jobs smiled and asked Xia Chuan: "Do you think the Galvin family abandoning Motorola is a good thing or a bad thing for Pingguo?"
Xia Chuan smiled: "I know what you want to do. If you continue to do it, the ending will not change."
Historically, Jobs had cooperated with Motorola, but Chris finally found out that he had been tricked by Jobs. Pingguo just wanted to learn from Motorola's mobile phone production methods.
Later, Chris quit due to pressure from shareholders due to Motorola's losses, and the new president was not very smart.
The most classic one is the acquisition of Huawei. Huawei took the wrong research and development direction at that time, that is, large-scale analog switches. After the successful development, it found that the market needed large-scale digital switches. However, Huawei had just hired 10,000 people and immediately fell into an extremely passive situation. All employees demanded the sale of Huawei, and Ren Zhengfei had no choice but to talk to Motorola.
Chris negotiated a US$75 billion acquisition, but was kicked out. The newly appointed president immediately tore up the acquisition agreement because he could not see the value of Huawei.
With this vision, can he be Steve Jobs's rival?