Extraordinary Genius

Li Yanhong, a U.S. turtle, worked for the U.S. Search and Information Corporation, the largest search engine company at the time, and invented superchain analysis technology, a basic search engine patent technology, and applied for a U.S. patent.

He always wanted to be Huaxia's own search engine company, not keep working for others. To that end, he has been returning every year for several years.

Until last year, he realized the time was ripe. As can be seen from the listing of companies such as Salary Wave in Nasdaq, Michina, Huaxia's network development is about to begin, which is a great opportunity for him to start a business.

So he resolutely returned home and dragged his partner Xu Yong, and then recruited several graduate students from Beijing University, Tsinghua University, etc. Most excitingly, an associate professor from Beijing University joined them and became the technical director of their company.

By the way, he founded a company called Chitto.

However, their funds are too small. Li Yanhong and Xu Yong's money, apart from buying computers and renting hotels, is not much left. Do they have to pay and live for their employees? The professor at Peking City University, who was even poorer, would probably not have joined them if he hadn't received the funds.

So, at this point, they're going to pull a partner.

Xu Yung was originally meant to be one of the three main portals, such as Salary Wave, Internet Billion, Fox, etc., they had just come out of the market, had money, and were also in contact with the company.

Once their Qiandu search engine is online, they can monetize it by making it available to the site.

But Li Yanhong objected, so that they could easily be merged by those websites. They met so many of these companies in Silicon Valley, they were merged as soon as they got better, and that was too close to their dream of starting a business.

Besides, he also has this hyperlink analytics patent, and with this basic patent, he's qualified to negotiate with a lot of big ventures.

At that time, he noticed that Taihua Consulting, which advertised heavily, was said to have a very good reputation as a venture capital of all three portals.

……

“Is this your plan? Your name is Lee Yeon-hong?” Sun Lijie looked at the plan and asked.

“Yes.”

“You're not expected to make any money in three years on this plan, are you wrong?” Sun Lijie asked curiously. Other companies pull wind investment, can't help but tell him, get wind investment, the next day will be profitable.

Why is this bias so different that it's not expected to be profitable in three years? And this Li Yanhong, he's familiar with the name, isn't that the one that President Feng told him to focus on?

Li Yanhong responded with caution: “I was right. According to our plan, the first three years are really difficult to make a profit and we need to invest too much. Advertising needs a lot more than just research and development. But three years later, I promised that just a bid ranking search would bring us back to the book, some ads, etc., and we would definitely make a profit. ”

“You write, you need a hundred million RMB in investment, and you only give us 49 percent of the equity?” Sun Lijie chuckled.

Your company, if it's not your patented technology, it's only two million now. Why is your patent so overvalued?

“President Sun, this invention of mine is a basic invention of a search engine. Mi has a company called Ancient Song. I don't know if you've heard of it. It provides search engine services to portals such as Yahoo. At present, it is starting to make independent search engine websites. Many investors are looking forward to the listing of this company, and claim that after the listing of this company, the share price will definitely exceed hundreds of billions of dollars! ”

“What do you mean, your Thousand Dollars company is comparable to the ancient song?” Sun Lijie asked backwards.

“Not yet, but I'm confident that the ancient song is definitely not our opponent. Because only Huaxia people understand Chinese better! ”

“How many people are in your company now? ”

“Ten, count me in.” Li Yanhong was a little embarrassed.

“You're only ten people, it's too small. I heard that ancient songs have an idea to enter the Huaxia market, when the website uses the search engine of ancient songs, how can you compete with others? ”

“Because the engineers of ancient songs are dominated by Americans, they are not familiar with the grammatical habits of Chinese, and there must be a lot of mistakes. And we all hired engineers from Huaxia, speaking Chinese, naturally more advantageous. Most importantly, we're a Huaxia business, and we're supposed to be protected, right? ”

“A hundred million RMB investment, I can decide, but your shares are too small. I'm sure no one will give you so much investment but our company. We're going to have 70 percent of the equity, the kind with voting rights, which I think makes sense, and you can go back and talk to your partner. ”

“President Sun, will you let the company you created become someone else?” Li Yanhong asked back.

“It depends on what's going on. If the price is high enough, it's not a bad idea to sell it. I think you may have heard that all three of Huaxia's major portals now have shares in our company. If you accept our terms, the search engine services on these three portals can be entrusted to your Thousand Dollars company.” Sun Lijie said lightly.

Compared to this, the three companies will still give, provided that the technology is good enough. But people with patents for basic search engine inventions, technology shouldn't be too bad.

“President Sun, your terms are tempting, but I can't agree. I will not let the company I have worked so hard to create end up in the hands of others. How do I know if you're a major shareholder of Netbillionaire or Mr. Dingle?” Li Yanhong refused.

“Don't worry, maybe you don't know, you can go to pay waves, foxes and other companies to find out, are we interfering with the operation of their company? Even we've been helping them. Didn't you notice that the major shareholders in the company, such as Wave, are our company, but the chairman of the board is someone else? ”

“Nor can that be done, unless the contract states that the vast majority of what you get is a non-voting unit.” Li Yanhong insisted.

“What percentage do you think would be more appropriate? ”

“Thirty percent is not low, and the rest is non-voting.” Li Yanhong said.

“Forty-nine percent, you still hold the largest number of voting shares. And let me remind you, the longer the delay, the harder it will be for thousands of degrees to develop, ancient songs in the US, but it will develop very quickly. By the way, Ancient Song also has the investment of the big bosses. If we set up a Chinese search engine company with Ancient Song at its core, do you think your company can do much better? ”

Li Yanhong's eyes widened. What did he say, his big boss, was involved in the investment of ancient songs? Is Feng Yu still a shareholder in the ancient song?

In this way, as if his patented technology was not too great, others could do the same as they did without him.

Li Yanhong bites his teeth: “Okay, 49 percent of the voting rights are yours. A total of 70 percent of the equity. When will we get our investment? ”

Sun Lijie laughed and said: “Sign the contract and you will get the account that day! ”

……