Chapter 117 Negotiation and Reminder
Du Qiu actually did not return to the research institute, but went to Chen Zhiyang's house with Du Chunhua, where he met Zhou Yuan and listened to him report on the progress in the United States.
Chen Zhiyang has two study rooms, one big and one small. The small study room is a place for reading and office work, and the large study room is a private reception room. It is decorated a bit like a cafe private room. There are several rows of bookshelves embedded on the walls, and there are some large books with decorative decorations on the facade. There are four single sofas and a solid wood coffee table in the middle of the house. Zhou Yuan sat on one of the sofas and talked happily.
"Mr. Chen has talked with more than a dozen venture capital funds these days, and the highest investment is MDC, which is $3 million, and buys 15% of the company's shares..."
"KPCB is also interested in investing in Snapdragon. They have 20% of Netscape's shares, so they want to merge Snapdragon and Netscape. We will own 7% of the shares in the new company after the merger..."
MDC Du Qiu has never heard of it, but KPCB is well-known. Its Chinese name is Kelpen Huaying. It is one of the earliest, largest and most famous venture capital companies in Silicon Valley. It is known as the Gemini among high-tech venture capital companies along with Sequoia Capital. It is the pioneer of the "angel investment" model. It has invested in famous IT companies such as Compaq, SUN, and Symantec, and will also invest in Internet companies such as Amazon and Google in the future.
The most classic investment case of KPCB is Netscape. It bought 20% of its shares for US$5 million. A few months later, Netscape went public and 5 million became 250 million. It made a big profit. Countless investors wanted to copy their success, rushing into the Internet, a rising industry with money, and then blew out the most crazy and bizarre Internet bubble in the history of world finance.
Netscape's main revenue comes from two aspects. On the one hand, it is the Netscape-Navigator browser, with an upgrade fee of US$39, and on the other hand, it comes from web server software, each set is priced at tens of thousands of dollars. However, now it is attacked from both sides, the browser market is poached by iView, and the server market is poached by Apache, and its share is constantly lost. If the bleeding cannot be stopped in time, the listing plan will definitely be greatly affected.
Chen Zhiyang participated in the meeting as an advisor. He was not satisfied with the offer and asked with a frown: "It's only 7% of the shares?"
"Netjing is preparing to take out 10% of its shares and issue 3 million shares on Nasdaq. The specific issue price has not been confirmed yet, but it is estimated that each share will be between 8-12 US dollars, so the market value is around 300 million, and 7% is about 21 million US dollars, which is similar to the valuation of venture capital companies." Zhou Yuan saw that Du Qiu did not make any statement, so he continued: "We have technology, Netjing has markets and brands, and the merger is a major positive news. After going public, 7% of its shares may be far more than 21 million US dollars."
It's indeed much more than $21 million...
According to the original space-time data, the market value of Netscape was as high as US$2.3 billion on the day of its listing, and 7% of its shares were worth US$161 million...
It was such an attractive plan. Du Qiu let out a light breath and asked, "Microsoft probably heard of this merger plan, so he suddenly sent someone to China?"
Zhou Yuan didn't say anything, just nodded, and a smile hidden in merit and fame appeared on the corner of his mouth.
"You should have communicated with Microsoft on the plane. What conditions do they give?"
"Microsoft did not disclose the specific price, but provided three solutions." Zhou Yuan stood up and took the cigarette handed by Chen Zhiyang and introduced: "The first is to buy iView's closed-source license; the second is to acquire the entire company; the third is to be more complicated. They are preparing to acquire part of the shares and then cooperate with each other. Snapdragon opens technical information about browsers to Microsoft. Microsoft provides technical support to optimize the application program interface of the operating system for Snapdragon and enable the iView browser to run better, but it is limited to DOS and Windows 3.1, not including Windows 95 and subsequent operating systems."
Du Qiu nodded slightly and asked, "What do you think Mr. Chen?"
"Mr. Chen said that the first plan is to give someone a handle and seek death, and the third plan is to lose all your life and die slowly, so either don't sell it, or choose the second plan if you want to sell it."
Chen Dayou is very clear about his mind...
The iView browser uses the CDDL license. In short, CDDL license is: your stuff may not be open source, but if I change my stuff, I want to be open source.
If you use an analogy, iView is equivalent to an engine. Users can combine it with wheels, seats and chassis to turn it into a car, wheels, seats and chassis have nothing to do with the engine itself, so these do not need to be open source. However, if users feel that the engine is not strong and disassemble and change it, then all the modified parts and drawings must be open source.
Under the protection of the CDDL license, if Microsoft develops a new browser based on iView, any changes will be fed back to Snapdragon in the form of open source, making the iView browser even better, so that it will never be afraid of competition. However, if Microsoft obtains a closed source license and uses their technical strength and marketing capabilities, it will soon be able to create a new product, Li Dai Taoshou, occupy the nest and erase iView from the market, so choosing the first solution will definitely be a dead end.
As for the third solution, it is very stupid and naive to the Time Travel Party, but it is full of temptation for ordinary people, because at this time, more than 140 million computers around the world were installed with DOS and Windows 3.X series operating systems. With the support of Microsoft, it can easily occupy this market. In other words, Microsoft uses Windows 95 as the boundary and gives current interests to Snapdragon, and bet on the future itself.
For a small company, 140 million users are a very, very large market, enough to eat for several years, and can eat so much that it can be full of oil. As for what happens a few years later, who knows what will happen? Who really cares?
When Chen Dayou first arrived in the United States, he was dizzy by Netscape's 5 million hit, but now he can remain calm under Microsoft's reputation and money. It is a rapid progress and is valuable.
Chen Zhiyang also thought about this and showed relief on his face, proposing: "Du Qiu, Snapdragon is now focusing on doing business in China, and the iView market is mainly abroad. I think it's better to set up a subsidiary and separate the iView browser, so that it will be much more convenient whether it is for sale or financing."
The operating system is the key to the stand-alone era, and the browser is the key to the Internet era. Du Qiu will never sell iView, but he did not make a clear statement, just said: "When Brother Chen comes back from the United States, I will go to talk to Microsoft with him, and then make a decision depending on the situation."
Chen Zhiyang was very satisfied with Du Qiu's respect for Chen Dayou and deliberately delayed the time. He waited until he returned to China before going to negotiate. He smiled and said, "I am an outsider, so I just said casually that you can handle your company's affairs yourself."
After a period of interaction, Du Qiu and Chen Zhiyang have become more familiar with each other. After chatting about business, they did not make much courteous things. They got up and prepared to go back to the seafood restaurant to meet Zhong Gaoshan. Before going out, he said: "Zhou Yuan, you have worked hard these days and are responsible for media publicity. I will ask Danfeng to help you."
Zhou Yuan has also changed a lot. When he was recruiting in March, he felt a sense of depression and resentment. Now he is full of energy. After responding, he smiled and said, "Mr. Du, I have brought back the pair of sneakers you want. When will I get them?"
Du Qiu was stunned for a moment, then remembered that he had promised to help elementary school teacher Tan Jingyun buy shoes on behalf of his partner, and said, "It's not convenient for me to go to the hotel now, so I'll ask Danfeng to get it tonight."
"good."
Du Chunhua learned cooking with Xue Liping in the kitchen, while Lin Jinyan sat on the sofa with a girl of seven or eight years old watching cartoons. There was also a beautiful young woman in her early 30s next to her. When she saw Du Qiu and others coming out, she greeted: "Du Qiu, the meal is about to start, aren't you eating here?"
Chen Dawei always called Chen Dayou third brother because he also had two sisters, this one was the eldest sister, Chen Tong, a doctor at the Provincial People's Hospital. Du Qiu had met several times and responded with a smile: "I want to see Secretary Zhong, so I won't eat here."
"You are really a sensational figure in our city. You have to socialize when it's time for dinner, so go quickly." Chen Tong is very cheerful and enthusiastic, and said to Zhou Yuan: "Your name is Zhou Yuan, right? Dayou said you have helped him a lot in the United States. Let's have dinner at our house tonight. My parents and me will all toast you a few glasses of wine."
"No, I still have some business to talk about, so I have to go to see Secretary Zhong with Mr. Du."
"Oh, it's so hard to invite a guest now. Then next time, I'll invite him when Dayou comes back."
"Is there anyone who treats you like this? No sincerity at all!" Chen Zhiyang had a good relationship with his children, and cursed with a smile, saying, "Look at you, sit here and don't move, and let Chunhua cook to help your mother. Is it a good thing?"
Chen Tong laughed and said indifferently: "I'm clumsy and an accident happened as soon as I entered the kitchen. Chunhua is not an outsider. She is my mother's direct disciple. Of course, I have to help. If you have any questions, you will be convinced."
Chen Zhiyang shook his head and smiled, opened the door and sent Du Qiu and Zhou Yuan out, and reminded at the stairs: "Du Qiu, whether the company sells it or not has much to do with the government, but Secretary Zhong is a parent. You can communicate more with him and maintain a good relationship. After all, in your life, there are many other things besides business, which cannot be solved by money alone."
Chapter completed!