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墨書 Inktalez
"I agree with this valuation!" Keith said without much hesitation, shocking Jiang Yizhou.
Jiang Yizhou suddenly felt tempted to sell right then and there; it was truly no exaggeration.
Sometimes, many things are simply undervalued. It was clear that Keith's offer had far exceeded his expectations.
In his previous life, he had never even had a hundred thousand dollars at his disposal, and now perhaps all he needed to do was nod, and everyone would be happy. The venture capitalists would gladly agree, with profits ranging from ten times to hundreds of times, all safely in hand—who wouldn't like that?
In an instant, Jiang Yizhou's mind raced with images of planes, mansions, and all sorts of unimaginable things. Money is always the second-best thing, but it is also eternally the second-best. Sometimes a person might feel that love is supreme, but they could just as easily turn around and shatter their heart on the ground.
But money won't do that. Unless you choose to live like a savage outside of civilization, money will hold an unshakeable position in people's hearts from birth to death. Even those hermits who can grow their own food—can they cultivate their own seeds? Can they weave their own cloth? Can they produce their own salt?
Money signifies the recognition of value. No matter how much some people despise money, after thinking so much about it, Jiang Yizhou was merely convincing himself.
"Mr. Keith, I assume there will be additional conditions?" Behind such generosity, there are naturally stringent conditions, and Jiang Yizhou asked about them.
"Of course, the one billion Dollar is just my valuation of your future. In other words, this is an advance performance bonus. My current valuation of qi is five hundred million Dollar, and I will acquire it based on this valuation. The remaining portion will be unlocked according to the different stages of qi's future development!"
Is he trying to make himself and his team work for him? Jiang Yizhou slowly calmed down inside; he didn't want to be trapped like this. "Mr. Keith, if I may speak frankly, what you and your al need is simply qi—specifically its users. Qi itself has already gotten on the right track; what I'm doing now is figuring out how to profit from these users!"
He tried to explain to Keith with a calm demeanor, completely unaware that he had implicitly acknowledged his willingness to sell qi.
"And your al has already completed all the work I want to do; even if I were to work for you, it would be of no use!"
Especially for such a large company, it is least likely to allow the founder of an acquired business to have much power.
"So, ny, what you mean is..."
"I don't think you've impressed me. I would still prefer to continue my career at Ailumese!"
This means either you raise your offer a bit more, or I continue to grow stronger, and later you can acquire me at a higher price. After all, Jiang Yizhou had no pressure from the second round of financing to last until the end of the year.
Although qi initially felt somewhat out of place and was even a bit overshadowed by iq due to adjustment issues, after two rounds of financing, compared to being stuck in second place, the venture capitalists from iq did not meet their expected valuation and so far have not raised much funding. Meanwhile, the financially robust Ailumese made significant investments, quickly distancing itself from the second tier and initiating the Matthew effect, now growing at nearly two million each month.
The surge of the Internet Bubble cannot be measured rationally. When the Internet Bubble reached its peak, any Plan that had "Internet" in it would immediately attract investors. Various companies that were clearly scams could publicly list themselves and raise funds.
All this madness made Jiang Yizhou, who could see clearly from the future, feel both excited and fearful. Although his abilities were decent, in the elite-filled Internet field, he was merely an ordinary person. However, because qi was already considered a well-known figure in the industry.
If they went public with qi, it could very well become a unicorn-level company, meaning a star company with a market value exceeding one billion Dollars. With the continuous expansion of the Internet Bubble, it might even inflate to over ten billion.
However, doing so would result in being unable to back out easily. As the founder of a public company, it is difficult to exit. Imagine if Yang Zhiyuan sold all his Yahoo stocks or hinted at such intentions; Yahoo's stock price would plummet immediately, triggering a chain reaction. As Captain Xing put it, "Oh dear, this could affect one's career!"
The best approach is to find someone to take over. The recently contacted Keith is just such a potential buyer.
Moreover, in the original history, America Online spent 8.7 billion Dollars plus performance bonuses to acquire iq, which was widely regarded as a bargain acquisition at the time. Especially when compared to later becoming a global Internet giant with qq and being Asia's highest-valued company, people felt regretful about how America Online messed up iq.
The reason they got this bargain might be that iq's founder lacked sufficient ability and ambition just like Jiang Yizhou. Perhaps they thought this was already a great fortune and happily divided the money before returning home.
Jiang Yizhou now wants to develop qi to its peak in order to sell it for a better price next time.
……
Stephen Case is determined to acquire qi. Since its inception, America Online has aimed to provide stable and convenient services to the vast number of ordinary Internet users, who pay a monthly fee to enjoy high-quality services from America Online.
If there are not enough attractive products and services, it will be a severe blow, especially with the endless stream of challengers, from Microsoft to Netscape, to Yahoo, and now to qi. Who knows how many challengers will emerge in the future?
Therefore, constructing a brand moat is extremely important. Besides qi, his next acquisition target is Netscape, a company that has been in the spotlight but is currently embroiled in litigation with Microsoft.
Even so, acquiring Netscape would come at a cost of billions of Dollars. If he waits until qi's parent company, Ailumese, develops to the IPO stage, that cost would be no less than acquiring Netscape.
However, the key is that he still holds 55% of the shares. Even if America Online acquires the remaining shares, it can only impose constraints on him and cannot fully obtain qi.
This is a complex acquisition case where each party has its own agenda. The difference is that Jiang Yizhou is not in a hurry; at least before the millennium arrives, he can develop at his own pace. With the expansion of the Internet Bubble, the company's valuation will also rise significantly. It is Stephen Case who is anxious to build a brand service moat.
So there are two people: one is playing the game without any awareness, while the other is deeply contemplating how to complete this acquisition.
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