Chapter 541 Target Pingguo Company!

According to Yang Ming's salary, fifty people are also a large salary.

In Yang Ming's opinion, it is very worthwhile.

After Yang Ming handed over the company's affairs to Yuan Tianfan, Langdon, Navia, and Tim Patterson, Yang Ming did not stay any longer.

Leave here by car and return to Connor Manor.

Yang Ming set his sights on the second target.

Pingo Company.

In 1976, Jobs successfully persuaded Woz to go shopping with him after assembling the machine. Another friend of theirs, Roy Wayne, also joined. The three formed Pingo Computer Company on April 1, 1976.

In May of the same year, Jobs negotiated with a local computer store, The Byte Shop, and store owner Paul Tyrrell ordered 50 devices, which later became known as the Apple I, and paid $500 per unit upon delivery.

After receiving the order, Jobs sold his valuables to raise funds, and persuaded the store credit manager of Cramer Electronics, a large electronic parts distributor, to provide the parts first and pay later. In the end, Jobs successfully completed the transaction. In January 1977, Pingguo Computer Company was officially registered as Pingguo Computer Company.

In the same year, Woz had successfully designed the Apple II, which was more advanced than the Apple I.

Jobs wanted to expand the company and get a loan from the bank, but Wayne withdrew because of the psychological shadow caused by the failure of the risky investment (another theory is that Wayne chose to give up his crazy job for the sake of health).

At that time, Pingguo Computer Company lacked financial resources.

Jobs finally met Mike Markkula, who invested $92,000 and co-signed a $250,000 bank loan with Jobs.

Yang Ming then reviewed the previous financing process of Shipingguo Company, its pre-IPO equity structure and the company’s rights structure over the years.

On April 1, 1976, Pingguo's shares were owned by founders Steve Jobs 45%, Wozniak 45%, and Wayne 10%. Soon after, Wayne withdrew from the partnership and Jobs repurchased his shares for $800.

In August 1976, Markkula joined the company for US$91,000. At that time, the planned equity structure was 26% for Jobs, 26% for Woz, and 26% for Markkula; the remaining 22% was used to attract new investors.

On January 3, 1977, Xinpingguo Company was established with a shareholding structure of 30% by Jobs, 30% by Woz, 30% by Markkula, and 10% by Engineering Holt.

However, this balanced ownership structure is a foreshadowing of Jobs' future being kicked out.

At the end of 1979, Pingguo introduced pre-IPO mezzanine financing, with a total of 16 investors including Xerox, Rothschild, Untenberg, Towbin, Brentwood Capital and some individual investors.

Until December 12, 1980, Pingguo IPO, the diluted shareholding ratio of Jobs, the largest shareholder after the IPO, was about 15%; Markkula, the second largest shareholder, held about 7 million shares, accounting for About 11.4%; Woz, the third largest shareholder, holds 4 million shares, accounting for about 6.5%.

In other words, when Jobs and Woz established Pingguo Company, it was very difficult when Pingguo Company was first established, because there was no sales volume and it was difficult to raise funds.

At the end of last year, after introducing capital and investors, it has passed the most difficult time. Historically, it will be listed at the end of this year.

In other words, under the current circumstances, it is basically impossible for Yang Ming to acquire or completely swallow up Pingguo Company.

With Jobs's character, I'm afraid it would be impossible to sell Pingguo Company easily. However, this does not mean that Pingguo Company does not need financing.

For any company in Silicon Valley, as long as it has not actually gone public, they hope to raise as much money as possible to obtain more funds for development and reduce risks.

Yang Ming is very optimistic about Pingguo Company.

There is also the founder of Pingguo Company, Steve Jobs, whom Yang Ming admires even more.

However, it came relatively late.

Pingguo Company was established in 1976, before Yang Ming came to this world.

In other words, although it is impossible to acquire or swallow up Pingguo Company now, it is still necessary to provide financing to the other party and obtain as many shares or original shares as possible.

In Yang Ming's view, the most important thing about Pingguo Company is Steve Jobs.

If Pingo had left Steve Jobs, there might not be a Steve Jobs at all. Therefore, whether it is financing or dealing with Jobs in advance, it is considered good.

Yang Ming returned here.

Yang Ming wrote a letter of invitation and asked Lin Dezhong to send it to Jobs.

Jobs probably worked at Pingguo Company.

Even if Lin Dezhong doesn't know where Pingguo Company is, he can still find out by asking someone.

Now Pingguo Company can be regarded as one of the larger companies in Google.

When Linde Chung and his maid drove in person to deliver the invitation letter to Jobs.

. . .

City of Cupertino.

It is also known as the heart of Silicon Valley and later became famous as the headquarters of Pingguo Company.

Here at the Pingguo company headquarters.

Now a white man wearing glasses, polite and about the same age as Yang Ming is working.

He was none other than Steve Jobs, the founder of Pingguo Company, who later became famous in the technology world.

At this time, Jobs was wearing a black sweater and jeans and was in his office.

At the end of last year, he was invited to attend the Xerox headquarters and was shocked by the technology at the Xerox headquarters. Since then, he felt that the development of Pingguo Company was a little different from the past.

In the past, it was very difficult for Pingguo to raise funds and sales were not good. Compared with IBM, it was really far behind.

The pressure to start a business in that situation can be imagined.

After signing a financing agreement with those 16 capital and personal investors at the end of last year, I was temporarily relieved. Now I am also seeking to go public to obtain more financing for Pingguo Company.

At this time.

There was a knock on the door at his office.

"Mr. Jobs, a butler who calls himself Sir Young is here to visit you."

Sir Young?

For a moment, Jobs didn't react.

"He said Sir Yang is Mr. Yang, the chairman of Xiangjiang Empire Group."

If you want to talk about Mr. Yang, the chairman of Xiangjiang Empire Group, Jobs immediately reacted and his expression changed immediately.

Jobs remembered that Imperial Group seemed to want to order a batch of computers from Pingguo Company before, but later gave up for unknown reasons and instead ordered a batch of office computers from IBM. This made Jobs regretful and failed to seize the opportunity. This is a big order.

There are so many groups under the Imperial Group, involving more than one million employees. Even if only some of the management use computers, the sales volume will be very huge.

Jobs hurriedly greeted him out.

He soon saw a middle-aged man.

The person coming was none other than Lin Dezhong.

"Hello, are you Mr. Jobs?"

"I am, are you Sir Yang's butler?"

"Yes, my name is Lin Dezhong, and I am here to deliver the invitation letter to you on behalf of Sir Yang."

Lin Dezhong gave the invitation letter to Jobs.

Jobs hurriedly took it to take a look. It turned out that it was Sir Yang, the chairman of the Empire Group, who invited him to meet and chat at Connor Manor.

Sir Yang, chairman of Imperial Group, actually came to Silicon Valley?

And he didn't know!

Updated Chapter 2!

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