Chapter 82 Trivia and Home
Du Qiu stayed in his hometown for three days, returned to the capital on April 25, moved into the suite he had previously moved into and started working. Many things happened during the days when he was away.
First of all, of course, it is the yen futures. Before leaving New York on April 17, Du Qiu used the "8" method to close the position when the yen exchange rate against the US dollar appreciates to 79.80:1. When the exchange rate hits this number on April 19, the yen had risen by more than 200 basis points, so he made a big profit.
This is not the end. There will be a big drop after a big rise. So Du Qiu arranged for investment banks to immediately turn all funds into short positions after closing their positions, because the yen exchange rate against the US dollar will definitely depreciate to more than 100:1. This is true. It continues to depreciate after April 19, so as of April 25, the funds have changed from US$70,000 in early April to more than 1.6 million, up more than 20 times, and staged a perfect myth of getting rich.
When Jiang Danfeng handed over the transaction information sent by the investment bank to Du Qiu, he said regretfully: "Mr. Du, if you invest all the money you spent in New York and the money you bought for those laptops, you might have $3 million now."
"Money is spent. If you don't spend it, it's just a bunch of numbers. Why save money on a bunch of numbers?"
"Just you dare to say that, no one dares." Jiang Danfeng was impressed by his ability to make money. He clasped his hands together and asked, "Mr. Du, why don't you give me only 1,000 yuan of living expenses every month in the future, and put the remaining 9,000 yuan on your account to invest."
"I am only responsible for paying wages, not investments. If you want to invest, open an account and operate it yourself."
On the night when he returned to Beijing from New York, Du Qiu signed a formal work contract with Jiang Danfeng. Of course, there was no so-called "night shift" content, only a simple secretary - the secretary and the mistress were very close. As an obsessive-compulsive disorder patient who pursued interpersonal relationships as simple as possible, he did not want to confuse the two, because that would cause a lot of trouble.
After the contract was signed, Jiang Danfeng's words and deeds were no longer as casual as before. She did not ask for more. Instead, when Du Qiu turned around, she secretly made an unhappy face behind her, and then reported another thing, saying: "Morgan Stanley has negotiated plans with Chen Dayou and those companies for the expansion and financing."
Company financing is the second major event that has happened in the past few days. Chen Dayou sent an email to find out. After Qin Mu's retelling, it reached Du Qiu's ears on April 21. He immediately arranged for Jiang Danfeng to contact Morgan Stanley to be his own investment consultant and negotiator. In the 1990s, domestic companies basically had no experience in dealing with foreign investment banks, so they could use their names to scare people.
In fact, before the company registration in March, Chen Dayou had already found several friends working in financial and legal institutions to help design some rules and regulations such as equity, options, salary, and welfare. However, at the time, everything was simple, not formal enough, and lacked serious, rigorous and strict attitude, giving people a feeling of being a good person. Therefore, whether it was Du Qiu and Chen Dayou, Qin Mu and Zhou Yuan, they were more like friends than colleagues when they were together.
Therefore, Du Qiu wanted to take advantage of the opportunity of financing and share expansion to develop a formal and formal process, to uphold the company's management structure, reverse the free and casual atmosphere, and lay the foundation for the next work.
When he invested in yen futures in New York, Du Qiu opened an account with Morgan Stanley. His little money was nothing in the United States, but it was a bit dazzling in China. Morgan Stanley opened offices in Pujiang and Jingcheng in 1994, and was preparing to enter China on a large scale. Du Qiu, as an old customer, is a very ideal partner for cooperation. Therefore, as soon as Jiang Danfeng came into contact with them, they immediately took over the business.
Du Qiu stayed in his hometown for three days. In addition to doing serious business, he also wanted to avoid suspicion. He was not proficient in finance, and negotiations involving money were easy to hurt feelings. Therefore, it was best to leave it to professionals to handle it.
“What did the plan say?”
"The company increased its capital from the original 10 million to 30 million. If you pay 5 million, you get 65% of the shares, Chen Dayou pays 1.8 million and get 10% of the shares, the remaining 18% will be divided by those 6 companies, and there is another 7% as an employee option reward pool, and the specific reward measures are still being formulated."
When they were working together, Chen Dayou paid 1 million yuan and took 10% of the shares. Du Qiu took 90% of the shares at the cost of 500,000 yuan plus iView browser, which was equivalent to treating the iView browser as 8.5 million yuan. According to the latest equity plan, Morgan Stanley changed the valuation of the iView browser to 14 million yuan, which was equivalent to making a fortune in vain and increasing his value by 5.5 million yuan.
"Who are willing?"
Jiang Danfeng did not speak, but took a picture of the People's Daily and showed the news title on the front page: A Snapdragon flew into the Chinese software industry.
The report was very small, it was a tofu piece with only a few hundred words, but no matter how small it was, it was the front page, and its social influence should not be underestimated. Du Qiu was a little surprised, took it over and looked at it, and said, "How did Zhou Yuan get it?"
"He said it was just a coincidence and it happened to catch up with the good opportunity." Jiang Danfeng had already become familiar with several employees and explained: "It is said that the country is about to issue a series of documents and policies to promote the country through science and education. As the mouthpiece of the People's Daily, of course, it has to be a preview, so he regards Snapdragon Software Company as a typical example."
Science and education to revive the country?
Oh yes! In May 1995, China proposed the strategy of building a country with great fanfare and listed it as the basic national policy...
"Those six companies are either state-owned enterprises or private enterprises with close ties to the government. When they saw Snapdragon appearing on the People's Daily, they were of course willing to invest." Jiang Danfeng automatically acted as an eye and said: "Based on the capital calculation, Chen Dayou can only get about 9% of the shares, but those companies gave him some, and then it became 10%.
"Brother Chen has worked hard and made great contributions. He helps recruit employees and attracts investment everywhere. He is still running around the United States to advertise customers, and lives a salesperson life with the title of CEO." Du Qiu smiled and said, "If I were going to negotiate in person, I might have distributed more shares to him. If he hadn't sacrificed his lust and climbed onto Wei Zhiqin's bed, he would probably still be sleeping in the garage now."
Jiang Danfeng remembered his days in the United States, smiled and said, "Mr. Du, the negotiator of Morgan Stanley said that if you go to Silicon Valley to raise funds, the company's valuation will be at least 8 million US dollars, which is much greater than the domestic financing income."
"The investment companies in Silicon Valley are all hungry. Once they raise funds, they will form a board of directors and then put a bunch of professional managers in. At that time, I can't do anything at all." Du Qiu put the People's Daily on the coffee table and said: "Although the money in China is small, everything is under my control. Do whatever you want, it's comfortable and comfortable. Besides, I don't lack money, so why bother asking for trouble."
When Jiang Danfeng thought about it, he turned over a page of notepad and reported the next thing: "Zhou Yuan said that there are many media who want to interview you, do you think you should arrange it?"
"Let's talk about it later, there's no hurry now."
"Mr. Chen wants to embed the intcard on the homepage when he releases iView version 1.3 on May 1."
When he was in San Jose, Du Qiu told Chen Dayou that Yahoo was very valuable, and then he bundled the browser with the homepage. After starting it, he told him that the idea of URL navigation automatically appeared. The guy was immediately moved, so he called back to Yuncheng and asked Chen Dawei to help find a few students in school, and took them to the dormitory of the Institute of Quantum Physics to surf the Internet. Through manual selection, he found some popular URLs from Yahoo's database, made a homepage, and named it intcard.
"Yes, let him do it."
In 1995, search engines were not yet mature. Ordinary users were worried about how to find resources on the Internet, rather than how to block advertisements. Therefore, bundling URL navigation on the homepage will not only not ruin reputation, but will bring convenience to ordinary users. After more browser users, they can charge advertising fees from door to door, bringing considerable profits to the company.
In fact, this was the only place where early browser companies could create profits. Even if Chen Dayou didn't do this, Netscape would do this soon. In early 1995, they promoted Yahoo for free, but by the end of 1995, Lion spoke up and charged $5 million in advertising fees for a search engine button, which almost scared Yang Zhiyuan to death.
"Sister Chunhua said that Chen Dayou's father invited her to a meal a few days ago and entrusted her to customize a batch of notepads for Sanjiang University, saying that it was planned to be distributed to students who were about to graduate this year."
"The Chen family is really a family-leading master. They are all experts who are generous to others."
Chen Zhiyang casually used the money from the school to sell favors, and when Chen Dayou made an intcard, he went to the Institute of Quantum Physics to surf the Internet for free, and he didn't pay any penny to those students...
Chapter completed!