The richest person in Chinese entertainment

Chapter 128 Too Little, Wait a Little Longer

"Boss, KPCB and Sequoia Capital approached me a while ago and said they wanted to buy your Google shares."

The speaker was a rather plump, middle-aged white man about 1.85 meters tall. He was William Smith, the manager of Zhang Chen's investment company "light" in the United States.

The reason why Zhang Chen rushed here was that William could not withstand the pressure from these two investment institutions and wanted to discuss countermeasures with Zhang Chen.

In fact, not long after Zhang Chen asked William to invest in Google, KPCB and Sequoia Capital found William and wanted to acquire the 25% Google shares held by "light" at a premium of %.

William originally wanted to agree to the deal directly.

But after all, he only holds one percent of the shares of "light", and the rest is just option dividends. Although he is the decision-maker of the company on the surface, the person who actually controls the company behind the scenes is Zhang Chen.

So even if he wanted to agree to the deal so that he could get more dividends at the end of the year, his boss didn't agree, so he could only leave the two VC institutions out in the cold.

However, when the Internet bubble burst, Google was still able to make profits against the trend in the market, allowing the two institutions to once again see the potential of this company.

So some time ago, they all found William again and raised the purchase price again.

"What is their valuation for Google?" Zhang Chen asked William to sit down. As the manager of his assets in the United States, William had made a lot of money for him over the years. Zhang Chen also brought his family to live in China, so he was trustworthy.

"25 billion US dollars." William took the coffee handed to him by Zhang Chen and took a sip.

"It's far from enough." Zhang Chen shook his head.

He knew that William was under a lot of pressure, but if he simply agreed, he would lose more.

Now Google has become Yahoo's search engine provider. Since it received a $99 million investment from Zhang Chen in 3000, it has carved out a niche in the search engine market with this large amount of funding.

Even without the support of other capital, it still became the world's leading search company during the bursting of the Internet bubble.

Although there is still some gap compared to the previous life when it had already become the world's largest search engine at this time, it is only a matter of time.

The two founders are also grateful for the huge investment from "light" and that it never interferes with the company's daily decisions. It is simply their ideal investor.

"What do Brin and Page think?" Zhang Chen wanted to know the opinions of the two founders.

"They neither support nor oppose, but if we can provide help with the listing, then they will not want the participation of those two investment institutions." William had anticipated that Zhang Chen would ask, so he did his homework in advance.

"Compared to those two investment institutions, what our company lacks is the ability to help the companies we invest in go public." William was quite helpless about his own company's shortcomings. If his company had this ability, why would he need to let those big companies come in to share a piece of the pie.

"We can let them join, but we need to exchange shares for some of the high-quality projects they have. Or we can also join some of the projects they lead."

It is impossible to sell shares directly, unless he is forced to do so. Otherwise, Zhang Chen will never sell his shares at a price of 25 billion US dollars for a company with a market value of trillions of dollars in the future.

Venture capital companies need to recover funds quickly to ensure investment in other projects, but they have always maintained the "essence" route.

With the continuous infusion of income from his singing career, his cash flow has always been healthy.

There is no need to give up long-term returns for the sake of short-term profits. "How is the progress of the other thing I asked you to do?" As for the Google matter, it had to be put on hold for the time being, so he talked about another thing he had been planning for a long time.

"The company has recruited enough technical personnel and is producing according to your plan, Boss. But..." William said at the end, feeling a little embarrassed.

"What's wrong?" Zhang Chen asked.

"But the Internet industry is in a bleak state right now. Can you really make a profit by setting up a company like this? Many related websites use pirated resources." Based on his market research, William came to a not optimistic answer.

"You don't have to worry about that. Have you got the exclusive authorization from the other two record companies?" Zhang Chen was not worried about other things. He only cared about whether the authorization was obtained.

"Not long after BOSS acquired the online copyright of Warner's film and television music, I found two other record companies, Sony and Universal, and acquired their 50-year exclusive online copyright of the music for US$75 and US$50 respectively, and also signed a profit-sharing agreement." William is quite familiar with these two transactions.

Zhang Chen asked William to carry out these two acquisitions shortly after he obtained the exclusive authorization from Warner Records. Although he didn't know what Zhang Chen meant, he still conscientiously acted as an executor.

"What does Hollywood say?" Now that the exclusive online copyrights of the three major record companies have been obtained, they have to move on to film and television dramas. Now they only have the exclusive authorization for Warner's film and television dramas. How can it be enough?

"This... has not been agreed upon yet." William took a sip of coffee awkwardly.

Hollywood is different from Wall Street, they have their own way of thinking, and sometimes they can't be impressed simply by money.

"Let's continue the talks. It's still the same. You can talk to them about the profit sharing after they realize profitability." Zhang Chen nodded. He knew that things could not be accomplished in a short period of time, and he did not blame William.

"By the way, get more familiar with the United States' antitrust laws and see how to avoid being sued in the future." Zhang Chen remembered something important.

The penalties for monopolistic enterprises in the United States are still very severe. In order to prevent William from being called over for tea by their Congress, Zhang Chen gave a reminder.

"Okay, I understand." William nodded to indicate that he would take the matter to heart.

"By the way, how is the stock market now?" After talking about the company that was about to come to the fore, Zhang Chen became concerned about his own assets.

"It's still all red, with no improvement. I have to say, boss, you are really far-sighted." William couldn't help but give Zhang Chen a thumbs up when he mentioned this.

The U.S. stock market is green when it rises and red when it falls.

So the red that William mentioned is the continuously falling stock market.

"How much did you earn?" Since nothing unexpected happened, we need to see how much money he made during the bursting of the Internet bubble.

　I was stuck on this for a long time, mainly looking up information.

　　The last chapter shouldn't take so long to come.

　　In addition, the monthly ticket additional update situation is 126/200, everyone work hard!

　　
　
(End of this chapter)