Chapter 356: Exchange of Interests and Giving Lin Muchu a Fright
Dr. Mao Siming is a very sentimental person, and he did not raise any objection to the conditions proposed by Li Xiaofan.
If time had moved forward to the end of last year, he might not have made up his mind.
Now, Li Xiaofan is developing rapidly, and the huge success of the Yahoo he invested in has made him worth more than 200 million US dollars. Li Xiaofan is now full of aura.
Dr. Mao Siming has also been paying attention to some projects such as Yahoo Singapore Station and Pacific Bookstore founded by Li Xiaofan in Singapore, and feels very good.
Therefore, Dr. Mao Siming believes that Li Xiaofan can fulfill these conditions.
Moreover, Singapore is a country dominated by Chinese, and Seagate has projects in Singapore. Dr. Mao Siming has been on business trips there several times. Singapore, with its developed economy, clean and beautiful cities, has left a very good impression on him.
Moreover, the conditions offered by Li Xiaofan: not less than his current income at Seagate, giving him 20% of the technology shares for free, and being able to start a business independently to fight for a career... are very attractive to Dr. Mao Siming!
…
The next morning, Li Xiaofan attended the Yahoo board meeting convened by Jerry Yang.
The meeting voted to approve the proposal of the major shareholder Softbank Group to establish a new Yahoo Japan project.
The shareholders of the newly established Yahoo Japan project are: Softbank Japan 50%, Yahoo America 40%, and Yifan Singapore 10%.
The total investment of the project is US$120 million, with Softbank Japan contributing US$60 million, Yahoo America contributing US$48 million, and Yifan Singapore contributing US$12 million.
…
After the board meeting, at noon, Li Xiaofan received a call from Tim Draper, chairman of Draper Fisher Jurvetson.
Tim Draper asked him to go to Draper Fisher Jurvetson in the afternoon to communicate with the two founders of Hotmail, Sabir Badia and Jack Smith.
In the afternoon, Sabir Badia and Jack Smith seemed unexpectedly excited. They never expected that Li Xiaofan would have a series of happy events when he came.
Just a few months ago, they were still arguing with Tim Draper about whether the post-money valuation of the Hotmail project should be $1 million or $2 million, and the negotiations almost broke down...
Now that Li Xiaofan, the Oriental God of Wealth, has appeared, not only has the valuation increased by 2.5 times, but what makes them even happier is that Tim Draper is also going to add an additional $1 million in investment. Together with Li Xiaofan's $1 million, their project can get a new investment of $2 million, which is really a timely help!
This precious $2 million investment will greatly speed up the market launch of Hotmail.
After receiving the call from Draper Fisher Jurvetson, Sabir Badia and Jack Smith agreed to this condition on the phone on the spot, and they were so excited that they couldn't sleep last night.
In the afternoon, Tim Draper invited Li Xiaofan to come over, actually to sign a new MOU for Hotmail's capital increase and equity investment.
This request was made by the two founders, Sabir Badia and Jack Smith. They knew that Li Xiaofan would return to Singapore soon after attending the Yahoo board meeting, and they were afraid that the cooked duck would fly away.
According to the latest capital increase agreement, after Draper Fisher Jurvetson and Singapore Yifan Company completed the capital increase for the Hotmail project, the new share ratio will become:
Sabir Badia and Jack Smith, the two founders, hold 51% of the shares;
Draper Fisher Jurvetson Ventures in the United States will hold 29% of the shares;
Singapore Yifan Investment will hold 20% of the shares.
This is a happy situation, and the two founders Sabir Badia and Jack Smith continue to retain the controlling rights.
For Draper Fisher Jurvetson Ventures, although an additional investment of 1 million US dollars was added, the shareholding ratio increased, and Li Xiaofan, a powerful strategic investment partner, was added.
Even Li Xiaofan, such a successful investor in the Yahoo project, came to invest in this Hotmail project, and Tim Draper was more convinced of his original vision.
For Li Xiaofan, both goals were achieved: a mere one million dollars in exchange for 20% of the shares of the Hotmail project, and he also made friends with Tim Draper, a third-generation American rich man with a deep background, which is extremely beneficial for his future career development in the United States!
In his previous life, Microsoft's Bill Gates will target the Hotmail project next year and acquire it for $400 million at the end of 1997.
By then, his $1 million will get a return of $80 million, a full 80 times, which is more than investing in Yahoo!
After signing the memorandum, Li Xiaofan chatted with Tim Draper:
"Tim, the Pacific Online Bookstore project I founded in Singapore last year is about to launch a Nasdaq IPO plan. After looking at our data, Ms. Mary Meeker of Morgan Stanley is optimistic about this project. Morgan Stanley is willing to become the IPO lead underwriter of our Pacific Online Bookstore project. Are you interested in investing a little?"
"Without a doubt, of course!"
Tim Draper looked at Li Xiaofan with wide eyes and said, "Li, after Mary Meeker successfully led Netscape and Yahoo to go public, she has now become Wall Street's number one ace Internet industry analyst. Any project that she is interested in must be a good project!"
Li Xiaofan smiled and said: "Tim, after I go back to the hotel, I will send the relevant information about our Pacific Online Bookstore project to your email. Your team will take a look at this information first. If you are interested, we will discuss the details in detail. What are the details of the cooperation?”
"That's great, thank you, Lee!"
Give him a peach and repay him with a plum. It is rude to come and not reciprocate!
At the moment, Li Xiaofan just wants to make more friends like Tim Draper in the world of American imperialism.
A person will die if he eats the cake alone. Knowing how to share and timely exchange of interests is the way to long-term survival.
…
After signing the memorandum at DFJ Company, Li Xiaofan returned to Tangyuan Chinese Restaurant in the Bay Area.
In the evening, he and Tang Xinyi invited Yang Zhiyuan and Son Zhengyi to have dinner together, because it was placed in Tang Xinyi's sister's restaurant, which was regarded as a family banquet.
In early April, on the night when Yahoo successfully logged into the NASDAQ market, Tang Xinyi had a great time with three friends of Yahoo shareholders, including Akiko Yamazaki and Yumi Ohno, at the MASA restaurant. They met belatedly, and the three of them have kept in touch ever since. .
Now that they heard that Tang Xinyi was coming to the Bay Area, Yamazaki Akiko and Ohno Yumi were very happy.
The three of them chatted in Japanese at the dinner table.
Here, there is Lao Sun who can understand what they are talking about.
Today during the day, Tang Xinyi, accompanied by her second sister Tang Zixin, went to inspect three well-known art schools in the Bay Area: SFAI, California Institute of the Arts, and AAU.
Finally, Tang Xinyi decided to enroll in an advanced diploma course in animation design at the Art University of San Francisco (AAU).
The advantage of choosing Art University of San Francisco (AAU) is that this university is located in the center of San Francisco, very close to Tang Zixin’s residence and apartment, and can be reached in half an hour’s walk.
Moreover, AAU is the largest private art and design university in the United States, one of the top art schools in the United States, and is well-known in the Western Bay Area of the United States. Known as one of the most valuable fashion design and graphic design schools in the United States, it ranks among the top 50 fashion design majors in the world and has trained many masters in the art and design world.
This school is world-renowned for its graphic design, fashion design, animation design, and game design majors. San Francisco Art University ranks among the top ten in the U.S. in terms of income among art college graduates, and is one of the institutions with the highest income for art college graduates in the United States.
Japanese animation culture is deeply rooted in people's hearts from young to old. So when Akiko Yamazaki and Yumi Ohno heard that Tang Xinyi chose to study animation design, the three of them started a heated discussion about animation culture...
…
After Li Xiaofan returned to Singapore, the first thing he did was to find Lin Muqiu, the investment manager of Ascendas Group's Singapore Science Park project.
"Muzhi Qiu, is there still room in the science park? I want an independent R&D building!"
"What, a building?"
Li Xiaofan's request shocked Lin Muchiu.