You call this entrepreneurship?

Chapter 328 Acquisition?

Chen Guangxia almost shed tears after hearing Qin Shaoyan's caring greetings.

He originally thought that after attracting investment, he would be able to do whatever he wanted.

Moreover, it is an investment from Microsoft, which makes it very prestigious to talk about it. It is much more prestigious than other entrepreneurs' investors.

That's Microsoft.

Chen Guangxia ambitiously led his fellow disciples and prepared to do something big.

As a result, before the business started, Microsoft brought a large number of directors to Yiku.com.

At the beginning, Chen Guangxia was a little in awe of these directors who had returned from overseas or were from Hong Kong and Taiwan, and he tried his best to comply with all their requests.

But after a week, Chen Guangxia was completely confused.

Chen Guangxia originally thought that his company would upgrade from an inconspicuous Chinese company to an international company, but things turned out to be completely different from what he expected.

These directors who look very professional and like elites in the workplace, in addition to arguing with each other, make things difficult for and discriminate against local employees.

Chen Guangxia complained to Qin Shaoyan with a dark face, "I was supposed to be the CEO and be fully responsible for the operation of the entire website, but Davis parachuted in a vice president for me, who does nothing every day."

"The planning director is from Taiwan, the design and creative director is from Hong Kong Island, the financial director is from Hong Kong Island, and the product director is from France."

"Everyone does their own work every day without communicating with each other, but when there is a project to be executed, they push it around one by one and it takes a month to finish it."

"The French product director neither praised nor criticized the design by the creative director of Hong Kong Island, so he handed it over to the planning department for review. After the planning department reviewed it, it was sent back to the design and creative department, saying that the French didn't like it and asked them to redesign it."

"They just argue with each other every day in meetings."

"That financial director from Hong Kong Island keeps an eye on us like a thief, afraid that we would spend a penny. He even interrogated us for several days when we asked for reimbursement for taxi fares."

Qin Shaoyan's face showed a very shocked expression, "This...isn't it?"

"After all, they have all worked in big companies and are elite professionals. How can they continue to work if they do this every day?"

Chen Guangxia smiled bitterly and said, “I have questioned it before, but they all said that they had done the same thing in other multinational companies before.”

"The most annoying thing is the Hong Kong Island director. He speaks English every time he talks to us. If you don't speak English, he will ignore you and pretend not to hear you. He doesn't even speak Cantonese, and in fact, this grandson can speak Mandarin."

Hey, I'm swearing, I'm swearing.

"The director from Taiwan always finds fault with us programmers, saying that what we make is different from what he designed. In fact, he didn't design anything at all."

"It's indeed a bit outrageous." Qin Shaoyan also sighed and asked curiously, "What about the vice president that Davis sent to you? What did he say?"

Chen Guangxia's face darkened. "He comes to the company at 10 a.m. every day to drink coffee, sits there until 11 a.m. to eat, works out until 2 or 3 p.m., has afternoon tea at around 4 a.m., and leaves work at 5:30 p.m."

"He never asks what the directors below do or how they do it. You can hardly find him anywhere."

Qin Shaoyan said sympathetically, "Brother Chen, I'm really sorry for you."

"This is not my biggest headache." Chen Guangxia's face turned redder as he spoke. "Recently, they sent a group of technicians from the United States to strengthen the website's technical capabilities. These people's salaries are several times ours. They sit in a separate office every day and don't communicate with us or let us look at the code."

Qin Shaoyan didn't know what to say at this time. As the instigator, he had already anticipated the trap that Chen Guangxia might fall into.

But after Chen Guangxia told him in person, he realized that he had underestimated the depth of the pit.

"This is a bit too much." Qin Shaoyan said from the bottom of his heart, "They don't even consider you as one of their own."

In the first decade of the 21st century, when China's Internet was developing rapidly, American Internet companies were also quite optimistic about this market and set up branches one after another to expand their territory in this blue ocean.

It was originally thought that relying on the advantages of technology, brand and capital, it should be easy to beat the newly started Internet entrepreneurs in the Chinese market. As a result, eBay, Amazon, Yahoo, Google and other well-known companies have failed one after another and withdrawn from the Chinese Internet market.

In addition to the arrogance of these companies' management, lack of trust in the local recruitment teams is also the main reason for failure.

Qin Shaoyan patted Chen Guangxia, who looked dejected, and advised: "Brother Chen, don't be discouraged. Cheer up. Even though they are not doing anything, you have to stand up for yourself."

"At this point, it doesn't matter what Yiku.com will become in the future. You have to think about your own future."

"Learn more and accumulate more knowledge on Yiku.com. After all, it is a website invested by Microsoft. You can consider it as a gold-plating. It will be beneficial for your next business venture."

next time?
Start a business?

Chen Guangxia was stunned for a moment. He had been exhausted recently and wanted to just quit his job, so how could he even think about starting a business again?

Tired, destroy it.

Whoever wants to start this B business can do it, but I don’t want to do it anymore.

Qin Shaoyan changed the subject and asked, "How many users does your Yiku website have?"

Chen Guangxia recalled, "I don't remember the exact number, but we said there were more than 2 million accounts, but in fact most of them were inactive. We were lucky to have 500,000 or 600,000 active accounts, and that was because we were a well-known brand under Microsoft."

"How can there be only 500,000 or 600,000?" Qin Shaoyan said firmly, "There are at least 5 million users!"

"Ah?!" Chen Guangxia was stunned for a moment, looking at Qin Shaoyan in confusion, not understanding what the other party meant.

"Yiku.com has five million users, so its valuation must be high." Qin Shaoyan asked again.

"This..." Chen Guangxia hesitated.

When Qin Shaoyan helped him to attract investment, Microsoft gave a valuation of 33 million US dollars and took % of the equity for million US dollars.

Logically speaking, the valuation of Yiku.com should have increased several times, but Chen Guangxia just couldn't say it.

Qin Shaoyan hesitated for two seconds, "It should be at least 60 to 70 million US dollars."

"Ah?" Chen Guangxia's hands trembled, and he almost threw the cup away. "Sixty million US dollars?"

Qin Shaoyan replied as a matter of course, "I still underestimated it. Look, Qvod is valued at $300 million, and the number of users barely reaches 10 million."

“You have five million users. Although the daily active users are a bit lower, it’s still at least one-third of the valuation of Qvod.”

"How about this, $100 million?"

Chen Guangxia was very puzzled. "You can say 10 billion US dollars, but the key is that no one will admit it."

Qin Shaoyan smiled and suddenly said, "How about I acquire Yiku.com?"

"Ah?!" Chen Guangxia was shocked and almost jumped up, "Boss Qin, are you serious?"

Qin Shaoyan nodded, "Of course I'm serious."

Chen Guangxia was anxious, "Boss Qin, Yiku.com is a mess, why did you buy it?"

Qin Shaoyan smiled slightly, "I bought it for my own reasons, the key is you, what do you think?"

Chen Guangxia was stunned. "What ideas can I have?"

Qin Shaoyan said calmly: "Think about it carefully again."

(End of this chapter)