Going Into the World!

Negotiation time and IMF

As I continued to refine my senses and constantly ask questions, my feelings were increasingly telling me that I should accept this offer.

"Yes! I'm retreating to make progress!" You need to know people better than you do right now! ’I finally made up my mind that I was hesitating.

I'm calling Richard to say hello.

“Oh, John. So, have you decided? ”

“Yes, can we go into more detail first? ”

“Of course. Come to Microsoft. What about next Monday afternoon? ”

“Yes, I'll do that.” I made an appointment and decided to do more details at that time.

Richard wanted to meet right away, but he said he needed time to review the conditions and prepare the relevant documents.

I gave Thomas a message in advance.

“Thomas, I actually met someone from Microsoft. ”

“Microsoft? Why?” I'm a little serious about what I said.

“Well, I have an offer to take over. I want to buy our skills. He asked me to come work with him. ”

“Yes! Kid!? And I said,” A shy Thomas is a sharper reaction to his every move than money.

“Oh, relax. Of course I'll take you. I'm just giving you a heads up. It's a secret, you know? ”

I told Thomas in detail why I made that decision, and I told him that our venture didn't end this way, and that I had a bigger plan.

In my fancy speech, Thomas nods his head. I developed the core of our search engine, and since Thomas was only a secondary and I had made all the important decisions, Thomas did not object at all to my decisions.

Thomas and I have been thinking a little bit about studying school and doing business at the same time, so he sighs that maybe we can take a break now.

I went to see Richard on Monday, and some of the relevant people were out there. What I was most curious about was how much. This is the most practical problem, so if you don't like it, you can change your mind.

“John, this is Dan, the tech guy. This is Brown, the law guy.” Richard introduced the people in the conference room first.

“John Kim. I wish you good results today.” I hit the player first. You don't have to show the impression that you have already made a full decision.

Richard summarizes what he said to me at the beginning and states the terms.

“First of all, the acquisition is $20 million.” Talk carefully about numbers.

“20 million dollars?!” I'm still bloodthirsty, and my voice went up at a lower price than I expected.

Even though I'm a better horse catcher and more mature than other people, I guess I saw some excitement when I was suddenly bleeding into my head because of my age.

“Whoa, whoa! Calm down. The story isn't over.” As expected, Richard is a veteran, and he soon gives me the following conditions:

“That money is like the advance you paid, and now MSN travel services come from an in-house venture called Expedia. I'll give you 20% of this venture. ”

“20%? I think it's too small.” I took a step back.

Richard expressly explained that 20% was a very caring stake.

According to Richard, this was only obtained by persuading others. Since then, we have pushed, pulled and struggled with many conditions. In addition to my most important stake, I also had to be assured of my work area, responsibilities and Thomas' position.

One problem was that I was still a student, so I had a lot of ambiguity, and I got a vague title of 'Technical Advisory' considering that I couldn't come to the company all week, and treated it as a director.

During a few hours of negotiations, my stake went up by 25%, but I was still shouting for more.

“If you can raise it to 30% more than that, I'll sign it.” I gave him my final thought and looked right at Richard.

Richard seemed hesitant, overwhelmed by my conviction and blood-soaked voice.

“Great! You win. Let's do something great together. Haha!”

Richard smiled with a cheerful smile and handed me the paperwork, and I signed without hesitation.

“Is Mr. Gates in his office?” Richard asks the secretary.

“Yes, he's waiting. ”

“John, now that we're done, shall we go see the chairman? ”

Richard leads me to Bill Gates. He said he wanted to see me after the takeover.

I am also the president of a company of my own, but meeting the chairman of a large company made me nervous and excited. As I concentrate, I feel a relaxing energy spreading through my body, my energy subsides and my excitement calms down. Maybe you should look more intense than a nervous kid. People said first impressions are important.

“Oh, is this John Kim?” I walk into the office, and Bill Gates looks at Richard and says,

“Yes, he's been a real pain in my ass. John, you're the chairman, you know. ”

“John Kim. We look forward to seeing you in the future. ”

Bill Gates seemed to have some sharpness in his good impressions. It may be because of Microsoft's stereotype of success, but it has been under a lot of pressure. It is different to be the leader of one group.

Richard was also vice president, but the person sitting at the top of the food chain seemed to have a different charisma.

“Yes. With Richard rotting away because of you, I finally caught a big fish like this. Haha. Let's get along well. ”

After that, I talked about business. I had a conversation around my expectations, the status of Microsoft and Expedia ventures, and other needs, and the unwitting wisdom of Bill Gates' words caught my eye. I also tapped my shoulder as I showed my unique insight and vigor.

When I finished everything and left the company, I was relaxed for a moment and I was devastated. Just then, I realized that I had become quite rich.

I didn't get the math right. How much is this? $20 million... $28 billion in Korean money. Huh. '

At this point, it was only six months since the IMF incident, exceeding ₩ 1,400.

I have 30% of Expedia's shares in there, so I don't know how much more. Suddenly I felt rich, and I felt like I was an important part of this huge silicone valley.

This suddenly reminds me of Jennifer.

I've been seeing you for three years and you haven't even given me a ring! ’I realized I was really careless. I mean, he was so busy and he was a student, but he didn't have a diamond ring or a regular couple. I feel so sorry for Jennifer for always being so silent around me.

Ildu's father Kim Sung-il was the Head of Domestic Sales for the LG Electronic Appliances business. I was able to live my life in the company without difficulty because people were furry and had a little flattery for my boss. The company was strong as a finance company and was able to easily lead operations in the domestic appliances market with a significant share and a strong network of agencies. At the end of '97, the IMF made a difference to Kim as well.

At first, everyone was baffled, but after the following year, in the spring of '98, serious stories began to be heard.

“Director Kim. Did you hear that?" Chief Yang makes a fortune as if he knew something.

“What's going on? What's new? ”

Chief Yang's close comrades are in Human Resources and Planning, sometimes asking for news. Director Kim Sung-il also has his own network of information, which has been around for almost 20 years, but recently he has seen some strange signs and is a little nervous.

He said, "I'm doing restructuring, but I think they said we have to cut 10 to 20 percent per department. ”

“Really? Are we? What about my department?” I was thinking, but when I hear it, I wake up.

“I'm not sure yet, but they say the black market business is 10%, the deficit business is 20%, and I don't think we should wait and find out. ”

After a week, the news about the restructuring has already made a rumoured landscape that revolves around.

“Well, chief yang is our number one priority. It's been 10 years since I was chief!”

“What about Representative Moon? You didn't make it last year! ”

“Hey, does it all depend on your skills? Check out the chief. It's a rice cook.I 'm Director Kim's errand boy. ”

Staff members sit around the break room smoking a cigarette, and stop telling stories about who was what. This is a time of anxiety, so we join staff who didn't come to the break room smelling like cigarettes.

“Hey, what are you guys doing?” Director Kim Sung-il came to drink coffee and yelled at his subordinates.

“Yes, we're just encouraging each other in difficult times. Haha!” This four-year-old surrogate beats me with a smile.

Director Kim Sung-il seems to be more distracted because he's worried about it every night. However, when I think about my son in the United States whenever it is difficult, I feel proud and reassured.

Last year, I saved up quite a bit of money for my son to do business. I thought I would do business right away, but all I did was spend money in the United States, and it's still the same. Due to the Forex Administration Act, it was difficult to transfer money in Korea, so I was postponing the day to find a way, but suddenly the IMF burst, and even the attempts to send money in a slightly convenient manner were ended.

The amount of US Dollars was too large for the individual to carry, so he thought it would be a little steamy after the IMF exploded. I was anxious because the whole country was in a commotion because of the large amount of US Dollars in the bank account and had been converted to a little convenience.

The branch leader who exchanged the money also suggested organizing the account. The special Foreign Exchange Administration Act states that the wire transfer of dollars is strictly regulated.

“It's me, it's you. Yeah. Things are... This is why the money is a bit unsettling. What do you want me to do?” Director Kim Sung-il who was anxious called his son.

“Really? Then exchange it for Hanwha. You don't have to do anything that's going to take you long enough with the money you have right now. When it rains, you avoid it. ”

Since I was busy preparing for the formal opening of the service in February, Jolo just said without much thought. I thought it would be uncomfortable without it, but I didn't want to worry my parents because the initial cost is not more than I thought it would be necessary.

In doing so, Kim Sung-il's account had a huge amount of 900 million. He sold the dollar he had bought for KRW 900 to KRW 1000 to KRW 180, which quickly made him a little over KRW 500 million. With a good account, "If things go wrong, I'll do business!" ’I also had a bit of guts. Since my son says that his business is moving in his own way, he can't be trusted with one son.

Artwork Reviews

What's the next move? And by the way, my writing is going to be centered on what really happened, on companies. And of course, you can't just use 100 percent facts.