Chapter 2965 Rekindling the fighting spirit

Reddit's acquisition negotiations went very smoothly.

There were no obstacles on both sides.

Out of respect for Sam Altman, Boss Zhou made a very sincere offer of $185 million, which the other party immediately accepted.

Everyone is aware of the current situation.

No one wants to delay.

It would be best to finalize all acquisitions and complete the financial delivery before the end of the year. By next year, Ziweixing International will be able to produce a clean and refreshing financial statement, which will make the approval of the IPO process smoother and faster. It can also be more honest to the outside capital market, thereby gaining the favor of the capital market.

Many companies are not clean, so they will feel guilty and make a mess of their financial statements.

Wall Street has been immersed in the financial field for many years, and it really understands what is going on.

Many times, there is no need to go to the front line to investigate and understand the situation in the company like a fund manager, which is too low-end. Like Mr. Buffett, with his investor experience and experience, a financial statement is enough to see everything about a company.

If a company dares to make its financial statements clean and without various roundabout financial techniques and accounting methods, it can be considered a good company.

Investing in such a company can at least guarantee that there will be no thunderstorms.

Even if there is a loss, it will be very limited.

For professional investors, financial statements are the first reference factor for investment.

Ziweixing International is going to be listed.

All parties are very clear.

As a financial institution, YC Investment is of course very clear about this situation and does not want to delay it for too long. It wants to finalize the transaction as quickly as possible.

After determining the transaction price, there are still some details to be discussed, such as the integration of the business after the acquisition, the subsequent investment of funds, whether there will be layoffs, the transformation of the mobile terminal, the direction of strategy, etc.

Zhou Buqi did not participate and invited Sam Altman to his office.

This is what he thinks is the most important thing in the near future.

The office here in the United States is relatively "simple", so Zhou Buqi can openly take Sam Altman for a simple tour, which makes him very envious and says that this is the best office he has ever seen in his life, even more magnificent than the presidential office in the White House.

Zhou Buqi felt that he was a little unsophisticated, so he smiled and said, "That's nothing. I'll invite you to Hollywood if I have a chance. The offices there are really more luxurious than each other."

When he recruited Spiegel, the founder of Snapchat, he used Hollywood to attract him.

The effect was very good.

Unexpectedly, Sam Altman was not interested in these things, "I rarely watch movies."

"Oh?" Zhou Buqi pretended to be curious, "Then what are your interests?"

Sam Altman smiled and said, "Some new and interesting things, Snapchat and Ucgram, both of which are your products, I think they are great."

Zhou Buqi smiled and said, "I heard that you started a business before?"

Sam Altman nodded, "Indeed, I dropped out of school in my junior year and started a business with my friends and did a small project. But it was not very successful and the direction was wrong. I sold the company last year. Well... I am really ashamed. . "

"Ashamed?" Zhou Buqi waved his hand, "Not really. It's normal to fail in entrepreneurship. And you can sell the company for a lot of money in the end, so it's not a failure. Although I didn't get the best result, it was quite successful."

Sam Altman said: "No, that's not what I meant. I feel ashamed in front of you."

"Hmm?"

"My entrepreneurial project is a product about location sharing."

"Google Chrome?"

Zhou Buqi certainly knew that a trendy entrepreneurial direction appeared in Silicon Valley a few years ago. The domestic and foreign teams of Ziweixing wanted to participate, but he rejected them all.

In fact, it is based on the HTML5 technology of Google Chrome to provide some LBS location-based sharing services.

It is a direction that Google strongly promotes.

Many entrepreneurial teams participated in it.

At that time, there were two important directions, one was the HTML5 of Google Chrome, and the other was to develop independent mobile apps.

Zhou Buqi did not blindly believe in Google.

He firmly chose the latter.

This confirms that Ziweixing International now has a dominant market position in the mobile Internet market. Not only did it start early, but it also chose the right direction. It has never lost its way and has been rushing in the right direction all the way... Now, it can be said that it has left its competitors far behind, even Facebook.

Looking at Sam Altman, his last entrepreneurial project must have chosen the wrong direction.

Sam Altman said frankly: "At that time, Larry Page came back to school to give a speech. He is a legendary alumnus of Stanford and we all respect him. The theme of the speech was about Google Chrome's LBS service. I was moved at the time and chose this track when I dropped out of school to start a business."

Zhou Buqi said: "I remember that I once said publicly that I did not agree with this direction. Ziweixing International will participate in the standard construction of HTLM5, but will not provide browser-based LBS services."

Sam Altman sighed and said: "Yes, but we all believe in Larry Page more."

Zhou Buqi laughed, and then said seriously: "For this matter, I also talked to Larry Page. I criticized him and said that he brought a very bad atmosphere and caused a lot of trouble to many young teams with dreams. He accepted it and said that he would be more cautious in choosing routes in some core directions in the future."

Sam Altman remained silent.

This is a glimpse of the height of Boss Zhou.

He studied at Stanford University.

Larry Page can be said to be the most admired and respected senior among the new generation of Stanford students.

But compared with the Boss Zhou in front of him, he seems to be much shorter.

Zhou Buqi smiled and continued the previous topic: "You have started a business once, why don't you continue? Why did you switch to investment?"

"Uh..." Sam Altman hesitated, "I don't think starting a business can fulfill my ambitions."

"Ah?" Zhou Buqi was slightly stunned, "What kind of words are you talking about?"

Sam Altman said with embarrassment: "The opportunity is gone now. When the mobile Internet came, I decisively chose to drop out of school and start a business. It was a very good opportunity. If I succeeded, I would really be like you and create an industry giant similar to Ziweixing International based on the mobile Internet. However, I failed and I chose the wrong direction. If I do it again, I think the opportunity has been lost. It is difficult for new giants to emerge in the mobile Internet industry."

He wants to do something big!

But the opportunity for first-mover advantage is gone.

Now it is impossible for him to start a business from scratch and start a mobile Internet company to compete with industry giants such as Google, Facebook, and Ziweixing International. Several major territories in the market have been divided up.

Behind him are emerging potential stocks such as Uber, Airbnb, Pinterest, Square, and PayPal that are trying to grab territory on the mobile side.

The big opportunity is gone.

Even if you enter the market, you can only do small things.

This is not attractive.

Zhou Buqi understood what he meant, "Do big things by investing?"

Sam Altman smiled and said, "That's right. Investment allows me to participate in dozens or hundreds of companies at the same time. Even if they are not industry giants, they can form a large scale and have a huge influence in the industry when accumulated. I think this is what I pursue."

"Is that so..." Zhou Buqi seemed to be thinking about something, "But participating in the form of investment is an outsider after all. It is impossible for every company to be easily controlled by investors like Reddit."

Sam Altman was a little silent. In front of a big man like Boss Zhou, people would instinctively tell the truth, "I have started a business once, and I have achieved financial freedom. For absolute For most things, it is difficult for me to have the same fighting spirit as I did at the beginning. "

Zhou Buqi said: "Many people switch from the IT industry to investment because they retire or are eliminated by the times. I can feel that you are not."

Sam Altman has vaguely sensed something and looked suspicious, "Mr. Zhou, do you want to tell me something?"

Zhou Buqi smiled and said: "I have also done investment, and I have always wanted to do big things. We are the same kind of people, and I understand your current mood too well. What I want to do most now is to help you rekindle your fighting spirit! Seeing you working in YC Investment, I think this is a huge waste of talent! I see my own shadow in you."

"Oh?"

Sam Altman's eyes lit up.