Reborn in America, I'm serious about making money.

Chapter 134 Adding Fuel to the Fire

Just as the entire internet industry was booming and thriving, a shocking piece of news spread like wildfire: Netscape was about to go public! This news caused a huge stir and quickly spread to every corner of Silicon Valley.

In this era of ever-accelerating information dissemination, Netscape has undoubtedly become the focus of attention, and its IPO has sparked a frenzy of interest among countless investors and entrepreneurs.

Netscape's annual revenue was growing, thanks to its sound business strategy; Zhang San initially requested that Netscape update frequently to ensure its activity and make users feel that their purchase was worthwhile.

Otherwise, if a browser isn't updated frequently, people will feel that it's not very useful.

This put a lot of pressure on the creative department. In some cases, the creative department's salaries were higher than those of the earlier coders at Netscape. The main reason was that they often had to pull their hair out while writing reasons for upgrades and improvements.

In addition to this, they also released a software called EW1.0 specifically for creating websites, to work with the upgraded Nets Navigator, which is now version 3.7.2.

Netscape's EW1.0 was upgraded in many aspects and had very powerful features.

It has to be powerful. If it can be used on both the old and new versions of Nets Navigator, what's the point of upgrading the browser? Naturally, it should only be usable on the new version and not on the old version.

Therefore, patent applications should be filed as many times as possible to raise the bar and make it more difficult for newcomers to enter the market, until it becomes impossible to enter.

Netscape has secured its final round of funding, bringing its valuation to $1.6 billion. This news immediately garnered widespread attention throughout the North American tech community.

At a gathering of entrepreneurs in the internet industry, a heated discussion ensued regarding the valuation of Netscape, which is now the brightest star in the industry.

A: "Have you heard? Netscape's valuation has recently skyrocketed!"

B: "Really? What is their valuation?"

A: "It's said to have reached 1.6 billion US dollars!"

C: "Wow, such a high valuation! Does their business model and market prospects really have that much potential?"

D: "Yes, but Netscape does have a lot of influence in the browser market. Their technology and innovation are also widely recognized."

B: "With such fierce competition in the internet industry, can they maintain their leading position and achieve such a high valuation?"

A: "Who cares? As long as we make money, that's all that matters."

Yes, as long as they make money, that's all that matters. These young people who have just graduated from university or haven't even graduated yet all want to achieve financial freedom. As for the company, they don't care. In the end, they just become toys in the hands of those people on Wall Street.

Just like with Stanford, once the founders are ousted, who cares? These people also know that they are not Steve Jobs, who was also ousted before. At this point, they still have a proper self-assessment. But once the company goes public, these people may become arrogant and lose sight of themselves.

At that time, those who couldn't keep up with the company's development would not only be disliked by management but also abandoned by shareholders. This was because the founders might be hindering the company's development and affecting their ability to make money. They would either have to retire with the stock options or leave with the money; they shouldn't be meddling in the company.

This benefits everyone; the founders can use the money to live a life of luxury. A prime example of this, considered a role model by Wall Street, is Stephen Zhang.

He doesn't usually get involved in things, and recently he's been selling his stocks in preparation for buying properties or gold around the world.

That's right, I'm buying gold.

This is also what the other party promised at the time: to gradually sell off their shares and eventually reduce their stake to less than 30%.

Netscape's funding was also facilitated by this person, so they had a very good impression of this Chinese person. Anyone who can bring them benefits is a good person.

As for the rumors that he's a womanizer, this young man isn't married, and neither are those female celebrities or actresses. Who cares about that? In fact, the more this is the case, the more people on Wall Street admire him.

Netscape went public very quickly because of its excellent financial situation, simplicity, and its status as an internet company—yes, an internet company. Yahoo! is a major portal website in North America, and it has a huge user base of over 20 million, as evidenced by its registered membership numbers.

The reason for this rapid progress is that Wall Street wanted to create a landmark internet company to attract more investors, not only from North America but also from overseas.

The biggest investments in this sector are made by oil tycoons with cloaks over their heads; they are one of Wall Street's targets.

To ensure everyone could buy shares, Netscape's latest pre-IPO valuation was $2.4 billion, 50% higher than its previous valuation of $1.6 billion. This was a combination of Netscape and Yahoo, so naturally, the valuation was much higher.

During its IPO roadshow, Netscape described the company in this way.

"My Yahoo, you could say, is also a form of media, with an influence comparable to the combined influence of newspapers like the Wall Street Journal and the Washington Post... Before last month, the annual profits from Nets Navigator could offset Yahoo's losses and even generate a surplus, but things are different now. Since last month, our GG business has been developing rapidly, and profits will increase significantly in the coming year..."

"...The GG Alliance, formed by nearly half of North American GG companies, will focus on developing online GG services...all internet businesses will benefit..."

The investors, however, were most pleased to hear such words, and they decided that they must subscribe to and buy this high-tech company with unlimited potential.

Many people share this view, and Zhang San also knows that once a certain passion is ignited, it is difficult to extinguish; and once this emotion is ignited, it will accumulate over time and generate a raging fire that may burn all the moths that fly away.

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