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In 1996, the last day at the end of June.
Silicon Valley
After several days of intensive negotiations, Yahoo Search successfully completed its C round of financing, with as many as 40 institutions and funds shortlisted, with a valuation of 8.8 billion US dollars, a total of 10% of the equity was released, and 880 million US dollars was raised.
So far, Yahoo Search has successfully completed its C round of financing, creating a new history with a valuation of US$8.8 billion, which shows that the market is fully optimistic and optimistic. At the moment when the Internet high-tech stocks are booming, Yahoo Search is a well-deserved behemoth.
The next step is to start the listing process, and strive to land on the NASDAQ market in early 1997.
? After the equity reset, the changes of the original major shareholders are as follows;
Founder and angel investor Wang Yaocheng's shareholding decreased from 62.9% to 57.18%.
The founder, Dr. Philo, reduced his shareholding from 3.4% to 3.09%.
The founder Yang Zhiyuan's shareholding was reduced from 3.4% to 3.09%.
? Angel round investor Qi Yafei and the senior management team¡¯s shareholding decreased from 1.36% to 1.23%.
SoftBank's shareholding was reduced from 3.5% to 3.18%.
The shareholding ratio of other large institutions has also been reduced accordingly, and the quota has been released to allow more institutions to participate. The total number of institutions participating in the C round of financing has reached 47, and the average shareholding obtained has been diluted again.
Goldman Sachs' stake was reduced from 2.98% to 2.7%.
Microsoft's shareholding was reduced from 2.98% to 2.7%.
? HSBC¡¯s stake was reduced from 2.98% to 2.7%.
Citibank's stake was reduced from 1.7% to 1.54%.
Blackstone Fund's shareholding was reduced from 1.7% to 1.54%.
Sequoia Capital's stake was reduced from 1.7% to 1.54%.
? The shareholding ratio of newly joined institutions is even smaller;
Bain Capital's shareholding was reduced from 0.32% to 0.29%.
The Los Angeles Public Employees Pension Fund's stake was reduced from 0.32% to 0.29%.
The Connecticut State Police Pension Fund's stake was reduced from 0.32% to 0.29%
?The three rounds of financing were completed. Excluding the three company founders Wang Yaocheng, Yang Zhiyuan and Dr. Fei Luo, there were a total of 79 institutional investors and more than 2,000 individual shareholders including the management of Yahoo Search.
? According to the two-tier shareholding structure of Yahoo Search a and b, all the above-mentioned institutions and individuals own preferred shares of a shares, and can vote to decide major issues of the company, the appointment and dismissal of the chairman and other matters.
However, the b-shares listed on the NASDAQ market only have the same dividend rights, but no voting rights, and their value and gold content are virtually inferior.
This two-tier ownership structure of a and b is conducive to the absolute control of the company by the controlling shareholder Wang Yaocheng. Even if the controlling stake drops to 15%, he can still firmly control the entire company.
It is completely useless for all other shareholders to unite against him.
This time, Wang Yaocheng changed his mind, and prepared to manage Yahoo Search well, treating it as a flagship company in Silicon Valley, operating the company carefully, and not giving up lightly.
? At the celebration reception at Red Hat headquarters
Facing hundreds of well-known investment banks and managers of large and medium-sized pension funds, Wang Yaocheng raised his wine glass high;
"Today, Yahoo Search successfully raised its C round of financing. I announce that we will start the listing process together with Goldman Sachs, Citigroup, and HSBC. Let us raise our glasses to celebrate the victory. Cheers!"
Countless flashing lights were on to freeze this glorious moment. Through the overwhelming media reports, Wang Yaocheng's legendary experience of "King of Silicon Valley" began from then on, and it was deeply rooted in the hearts of the people and accepted by people all over the world.
Entrepreneurs in Silicon Valley prefer to be called "Godfather of Silicon Valley", which is a noble title with reverence.
At the reception
? Wang Yaocheng delivered an impassioned speech, expounding on the concept of operating Yahoo search;
Yahoo Search is committed to making it easier for people to get the information they want online, so that Yahoo will always help people get the most and most wanted information in the most convenient way, which is also the long-term dream of the founder of Yahoo for search and content.
This one is forever engraved on the wall of the lobby of Red Hat's headquarters.
Let every visiting scholar and admirer be able to see this motto at the first time, and every employee will keep this motto in mind, which is the starting point and purpose of all work.
All the efforts of Yahoo search are to achieve the goal faster, better and better.
Achieving this goal requires three conditions:
One, comprehensive: the information is very rich;
Two,I'm tired from my back, not to mention the house, at least I'll stay with you for a year or so, so you don't have to bother to drive me away. "
Wang Yaocheng; "Why do I feel like I owe you in my previous life."
"Hehehe Good brother for a lifetime, let your sister-in-law make a good meal of braised noodles when you go back, and you will contribute a few more dishes. We two brothers will sit together and have a good drink. Everything is in the wine."
"Fine!"
Qi Yafei suddenly remembered something; "Ohdon't forget to bring two bottles of good wine."
Wang Yaocheng; ???
Qi Yafei invested in two projects, one is Yahoo Search with 0.6% of the shares, the other is Athlon Microprocessor Company, which eventually holds 8.5% of the shares, and he invested all his money plus 40 million US dollars in bank loans.
After one year, the interest alone is more than one million US dollars.
Before the four-month lock-up period for the executives of Yahoo Search Shares ended, Qi Yafei really had no extra money to spend. In line with the principle of eating rich people, he lived in the Mediterranean Manor for more than a year, living a chic and comfortable life.
You don¡¯t need to spend money to eat, wear, use, and travel. You can also take a helicopter home every day. You can eat whatever you want from delicacies from all over the world. leave.
Well, when I am free to ride horses, fish, listen to music and bask in the sun, I am really a bit reluctant to leave.
What house to move?
It's purely neurotic! (Remember the site URL: www.hlnovel.com - Didn't finish reading? Add this book to your favoritesI'm a member and bookmarked this chapterCopy the address of this book and recommend it to your friends for pointsChapter error? Click here to report
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