Chapter 386 PayPal
“Don’t worry. You have to eat one bite at a time. The most important thing for us at this stage is the fundraising of the ‘Mars 2B Fund’.
At the same time, you You should also find a few partners for yourself. The company is getting bigger and bigger, and there are more and more things to do. If you just rely on yourself, Hanhua Capital Silicon Valley Branch will not go far."
Lin Junrui points. He nodded, "Mr. Xu, speaking of partners, I have a suitable candidate here."
"Who?"
"Chen Shijun."
"Chen Shijun?"
"You know him too?" Lin Junrui asked curiously.
Xu Liang nodded.
How could I not know the founder of YouTube?
"Shouldn't he be at PayPal now?"
"Just last month, PayPal was acquired by eBay for $1.5 billion. Because of different business concepts, most of PayPal's founding members left, including Chen Shijun One of them."
Xu Liang understood.
At first he planned to invest in PayPal, but at that time PayPal was already in the road show stage and had limited growth. Plus he didn’t have much money on hand, so he gave up.
“Which fund are you going to put him in charge of?”
"The Mars II B Fund just plays to its advantages." Lin Junrui said.
Hearing what he said, Xu Liang suddenly thought of the PayPal ‘gangster’ who is famous in Silicon Valley and even the global venture capital industry.
Yelp, the largest review platform in the United States, was founded by engineers Jeremy Stoppelman and Russell Simmons.
Youtube, the world's largest video sharing platform created by Chad Hurley, Chen Shijun, and Judd Kalim.
LinkedIn, the world's largest professional networking platform founded by Reed Hoffman.
Not to mention Musk, the famous electric car company Tesla and the world's largest private aerospace company SpaceX are both his companies.
Mabuse’s name is resounding around the world.
Peter Thiel, once one of the founders of PayPal, is a guy who can be compared to Musk.
Although he did not continue to work hard in the Internet industry after leaving PayPal, he became a godfather-level figure in Silicon Valley after entering the field of venture capital.
The FoundersFund venture capital company he founded provided $500,000 in start-up capital to the founders of Facebook in 2004, and this investment earned him 20,000 times the return.
There are many similar examples.
However, the key reason why PayPal was called a ‘gangster’ by Fortune magazine lies in their ‘anti-traditional’ characteristics.
As they advertise, the biggest difference between PayPal and Google is that Google hopes to recruit PhDs, while PayPal hopes to recruit people who have given up their PhDs.
Xu Liang doesn’t care what these PayPal people do, but he knows that these people are talents.
And investing in the companies they founded can yield huge returns.
Chen Shijun, who came from PayPal, is also more likely to get investment from "gangster" founding companies such as LinkedIn and Yelp.
“How did you meet Chen Shijun?”
“We met at a Chinese Internet entrepreneurship reception. He and I were both guests. After the reception, we chatted and found out It’s quite a match. He is a very talented person.”
Xu Liang nodded and pulled Chen Shijun into Hanhua. I wonder if he will have the opportunity to create YouTube in the future?
"By the way, why didn't you think of bringing Tony Hsieh in? Isn't he your good friend?"
"Jiahua is now the CEO of Zappos. He is focused on this and will not come to Hanhua. However, he promised that he would recommend it to me if he finds a good company."
Xu Liang understood.
“The people at PayPal are all talented people, try to recruit a few more.”
“Understood.”
“Also, wait until they submit the project downstairs. , remember to tell me. When the time comes, everyone will do what they promised.”
"Okay."
Xu Liang stood up, "It's almost time. Let's go, I'll treat you to lunch."
"Thank you, boss."
"Haha "You're welcome. Let's go."
——
"These idiots, I thought they could still cause some trouble for that damn Chinese, but I didn't expect that they would be unable to withstand it so quickly." Larry Ellison said angrily.
“BOSS, do you want to continue to provide guarantee for Google?”
The assistant asked respectfully.
“Why should I guarantee these greedy and stupid bastards? Damn it, why don’t they grab a loan with an interest rate of no more than 2%!”
Larry Eli Mori grew angrier.
Seeing this, the assistant quickly shut up.
After venting his anger and taking a few deep breaths, Larry Ellison picked up the phone on the table and called.
It didn’t take long before the call was connected.
Larry Ellison said quickly: "Howard, Oracle is going to acquire Vivendi Games and enter the video game industry."
After a moment of silence from the other side, a steady voice came.
"Ellison, neither the board of directors nor the management will agree with your acquisition strategy.
Oracle is a database company, and we also have strong competitors including IBM and Sun Microsystems. We should stay focused instead of Because of some personal grudges, our energy and capital have been diverted."
"Howard, Vivendi Games is a very high-quality asset and this is a rare opportunity," Larry Ellison continued. "Larry, Oracle has no intention of investing, and databases and video games are too far apart.
Unless you want to hurt your leadership at Oracle and execute strongly, no one will I agree with your decision.”
After a pause, Howard slowed down his tone.
“Larry, I remember that you have been supporting Google’s acquisition of Vivendi Games?”
“Yes. But those little bastards have seen how many deals Hongmeng has reached with Yahoo! A simple cooperation made me wet my pants and directly threatened me that if I didn’t provide them with a loan of up to 300 million US dollars with an interest rate of 2%, they would withdraw their bid for Vivendi Games.”
< br>When mentioning this incident, Larry Ellison was filled with anger.
He felt like he was being stabbed in the ass by Sergey Brin and Larry Page.
My heart was filled with a strong sense of betrayal.
"Larry, you can convince Google to keep raising money."
"Of course I won't forget it, but those damn bastards said no. They just want to get a buck out of me." , They treat me like a fool, how dare they?”
“Larry, calm down. It’s not surprising that Google will retreat even if you are angry. I will continue to acquire Vivendi Games. Of course, if you invest money in them, that’s another question..."
"I never want to see those two greedy bastards again!" Larry Ellison said angrily. .
"Okay, Larry. Then I suggest you give up your coveting of the Vivendi game for the time being..."
"Wouldn't this give the Chinese clown an advantage?"
"Larry, there will be many opportunities to teach the other party a lesson in the future. There is no need to care about the success or failure of one or two times. And withdrawing from the competition does not mean that the other party will get an advantage." Howard smiled.
Larry Ellison’s eyes lit up, “Dear Howard, I need your advice now.”
“It’s actually very simple, Vivendi’s loss this year exceeded 30 billion Euro, they are now focused on selling assets to pay off debts, so they are full of greed
Just let Google quote a high price before exiting.
Even if Vivendi understands that Google just gave a bad check, their excessive greed will make them more coveted.
The negotiations between Vivendi and Hongmeng will then be more tortuous and even full of variables.
If done well, this negotiation can delay Hongmeng for a long time, making it difficult for them to use their funds for corporate expansion, while our little ally Google can take the opportunity to grow.
Larry, Google’s business is in a competitive relationship with Hongmeng. The enemy of your enemy is your friend, so Larry Page and Sergey Brin are your natural allies. Don’t destroy this relationship.
In the future, they will help you when you plan for Xu Liang. "
This analysis was so well-founded that it made Larry Ellison suddenly feel enlightened and all his worries went away.
"Howard, it was my decision to hire you as Oracle COO. the most correct decision. "
Hearing this, Howard was relieved and finally persuaded this mad cow.
"Larry, thank you very much for your trust. ”
——
Isaac Manor.
A large estate located in Sotherton, covering an area of nearly 30 acres.
It is also a place specially rented out to hold private parties and cocktail receptions for the wealthy.
“BOSS, here we come.”
Lin Junrui, who was driving, reminded.
“You seem to be familiar with the road, do you come here often?”
“Not often. After selling LinkExchange to Microsoft, I was invited to participate twice.”
< br>Although Lin Junrui's net worth is far less than that of Xu Liang, he is still a rich man with nearly 100 million US dollars in assets in his account.
In 1995, he founded LinkExchange with Tony Hsieh. In 1997, he received an investment of US$3 million from Sequoia. In November 1998, it was acquired by Microsoft for US$265 million.
As the major shareholder, Lin Junrui also has tens of millions of dollars in cash and a certain amount of Microsoft shares.
Later he and Tony Hsieh established an investment company.
Zappos is their first investment project.
However, the companies they invested in suffered heavy losses in the Nasdaq crisis, and as Hsieh's focus gradually shifted to Zappos, Lin Junrui simply accepted Hanhua's invitation and became Hanhua Capital Silicon Valley. The person in charge of the branch.
After passing the inspection by the gate guard, Xu Liang and others drove into the manor.
Park the car and step into the main building.
With the rolling heating, a hall of more than two hundred square meters appeared in front of us.
Under the bright warm-colored lights, accompanied by melodious light music, well-dressed men and women holding wine glasses gathered together to communicate.
Most of them are Chinese, but there are also white people.
“Xu Liang, are you here?”
Accompanied by the familiar voice, Yang Zhiyuan strode forward with a smile on his face.
As the founder of Yahoo, Yang Zhiyuan is undoubtedly one of the top few people here, attracting the attention of everyone around him all the time.
Seeing him coming up to him, everyone's eyes turned to Xu Liang curiously.
Because of the conflict with Larry Ellison in January this year, although the final octagonal cage battle did not happen, it also made Xu Liang famous in the United States.
Especially among the wealthy Chinese circles, everyone basically knows him.
But it was the first time to see a real person.
(End of this chapter)