Tao Liangchen
Chapter 400 So You Want to Go Public
After dropping Jiang Yu off at the airport in Los Angeles, Su Yehao boarded a plane himself.
He was filled with emotion on the way to San Jose Airport.
Whenever a woman says "Let's cool off," it's usually not a good sign. Although he was with Jiang Yu, there was still a barrier between them, making it difficult to fully commit.
It seemed a little difficult to manage this relationship well.
In Su Yehao's eyes, emotional issues were far more difficult than doing business.
When he was by Jiang Yu's side, he could find opportunities to persuade her. Now that she had returned to Hong Kong, he could only hope that Jiang Yu would figure things out on her own and not get caught up in her own thoughts.
After pondering for a moment.
Su Yehao suddenly hoped to have a child with Jiang Yu.
At least that way, there would be a bond between them, and he wouldn't have to worry about her getting impulsive and doing something like "pulling back from the brink" or "sacrificing herself for him and Nangong Tian."
After a long period of anxiety.
When the plane landed, Su Yehao forced himself to cheer up, preparing to resolve the issues in Silicon Valley as soon as possible and return to Hong Kong.
...
Roger Cruyff, the CEO of TVT, met Su Yehao for coffee downstairs from the company in the afternoon on the day he returned to Silicon Valley.
He hadn't been in office long, but the valuation of TVT in the financing market had already increased by more than $100 million.
Roger received a $500,000 bonus for the third quarter, and the white-collar executive felt more and more that his decision to join TVT was an incredibly correct one.
Still troubled by his emotions, Su Yehao crossed his legs and calmly asked, "So… what exactly did you want to see me about?"
"Listing."
Roger Cruyff said decisively,
"I've been observing for a long time. Internet companies of our size have been performing very well after listing this year. Now, apart from the shareholders mandated by Nasdaq, we have met all the requirements for listing. Many publishers have also contacted me proactively. They and I both believe that once we go public, our company will be a great success. At that time, your shares may be worth $500 million, $1 billion, or even more!"
During this trip to Silicon Valley, executives from the iCQ chat company had also suggested listing to Su Yehao.
However, Su Yehao felt that there was no need for it in the short term.
It wasn't that he was worried about losing control of the company after the listing. With his high percentage of shares, even if he released half, sixty percent, or seventy percent, no one could take away his right to speak. Not to mention the system of different rights for different shares, which allows founders to achieve full control of the company with a lower shareholding ratio.
Tragedies like what happened to Steve Jobs rarely happen to large companies in Silicon Valley these days.
Su Yehao nodded and said to Roger Cruyff:
"So you want to go public, but the company's current foundation doesn't meet my requirements. The Nasdaq bubble is already very big and could collapse at any time. The signs in the market are a bit dangerous. Maybe we will face the most difficult moment as soon as we go public. As we all know, stock prices won't keep going up. I heard that the entire Silicon Valley's revenue this year is expected to reach $250 billion to $300 billion, but the interesting thing is that this number is not even as high as the market value of Microsoft."
Roger CEO leaned forward and whispered to remind him:
"I admit that the market is a bit too hot, but that's exactly why it's better to take advantage of the particularly high market to raise a sum of money at a high price, isn't it? I asked someone to help evaluate it. With TVT's growth rate and user scale, its market value has the opportunity to reach $400 million to $600 million after listing."
Unmoved, Su Yehao replied decisively: "But raising about $100 million will cost me a loss of 20% to 30% of my shares."
"But isn't this just financing? You don't lose anything."
Roger Cruyff meant that Su Yehao originally had $100,000, and after the IPO raised $20,000, it became $120,000. Seemingly the shareholding ratio has decreased, but the actual value has not decreased.
And once the stock price rises, his $100,000 is likely to become $150,000, and Su Yehao can still make money.
The reason why many entrepreneurs want to go public is naturally because it is profitable for them.
Su Yehao understood what he meant and only said:
"But I don't need money for the time being. I can take out funds myself and enjoy the dividends of TVT's growth, so why should I be in a hurry to cooperate with others? They can't bring me users and revenue. If I bring in companies like Microsoft and Yahoo for financing, and they are willing to fully assist us in development, then it is worth considering."
Roger CEO smiled wryly when he heard this.
Everyone wants to cooperate with giants like Microsoft and Yahoo, which have a large user base, but it is not that easy. Even if Su Yehao is a shareholder of Yahoo, if he wants to attract users from search engines, doesn't he still obediently pay for advertising at market prices?
Eating tiramisu, Su Yehao added with a smile:
"Regarding the listing issue, I have thought it through clearly, and there is no need to waste energy on it for the time being. If you are worried about not being able to get equity, I can formulate an option incentive plan as soon as possible, including you, John Zhou, and other employees, who will have the opportunity to become shareholders. But I hope that when TVT goes public someday in the future, it will be worth $10 billion, or even more. Our ambition should not be limited to these hundreds of millions of dollars."
"...The option incentive plan does have the opportunity to help us retain talent and attract other capable talents to join."
Roger Cruyff took a deep breath and then said, "Okay, I understand what you mean, and I will run it as soon as possible. However, after the rectification of iCQ, it has directly impacted us. iCQ has formed a fixed user group, and most new users will choose it."
After Roger CEO finished speaking, Su Yehao smiled:
"TVT and iCQ have different positioning. Young people should prefer TVT. The problem may be that there are not as many young netizens as adults. The situation should change when the game business develops. Next, we should consider expanding the market to other countries and use our products to defeat the local products of other countries. We can't just focus on North America..."
Including Roger, a group of executives are envious of the colleagues in other companies who hold stocks and have made a lot of money in the stock market.
Behind the urging of Su Yehao to go public, there is indeed consideration of interests.
Knowing that an option incentive plan will be formulated as soon as possible, Roger Cruyff is already quite satisfied. Anyway, as long as the company develops, he can always get a dividend, it is just a matter of time.
They talked about TVT's plan for a while. After sending Roger away, Su Yehao instructed Linda Yun to notify the founders of the several game companies he had just acquired and ask them to come up with several online games.
Broadband technology has been born, and the spring of online games is coming.
With such a good opportunity, of course, we must work hard to seize it.
"PlayerUnknown's Battlegrounds" and "League of Legends" and the like should not be thought about for the time being, they definitely cannot be made, but games similar to "Legend" seem to have a chance to try...