Chapter 307: Needing Wolf Nature and Finding NVIDIA

The next morning, after the lawyers of both parties confirmed the relevant terms of the investment agreement, near noon, Jerry Yang, Filo, Sequoia Capital's Moritz, Li Xiaofan and other Yahoo old shareholders and Masayoshi Son of Softbank Group formally signed the Yahoo America capital increase and share expansion agreement.

Under the insistence of several Yahoo old shareholders such as Moritz and Li Xiaofan, the capital increase and share expansion agreement put forward relatively stringent requirements on the time of Softbank Group's investment funds: 20 million US dollars within three days of signing the agreement, 50 million US dollars within a week, and 100 million US dollars within 30 days.

What surprised them was that after the signing of the capital increase and share expansion agreement, Masayoshi Son called their company's CFO and directly transferred 50 million US dollars from Softbank Group's account to Yahoo America's bank account.

At that time, Softbank Group's bank account had raised nearly 500 million US dollars in financing and was ready to acquire the publishing department of Ziff-Davis Group at a cost of 1.8 billion US dollars. In the previous life, this huge transaction was finally completed in February of the following year, 1996. Now, Son has simply embezzled a portion of the funds from the acquisition of Ziff Davis Group.

After SoftBank Group's CFO faxed the $50 million transfer slip, Son proudly held up the transfer slip and smiled at several Yahoo shareholders in the conference room: "Please believe me, we at SoftBank are very sincere! In fact, I will subscribe to the entire $100 million capital increase within a week, not a month!"

After Son finished speaking, warm applause broke out in the conference room, and everyone welcomed this generous and straightforward rich man to join the Yahoo board of directors.

Subsequently, Yahoo held a new shareholders' meeting, and Jerry Yang, Filo, Masayoshi Son, Moritz, Li Xiaofan, and Yahoo CEO Tim Kugel became directors of the new Yahoo board of directors, forming the new Yahoo board of directors.

The new Yahoo board of directors elected Jerry Yang to continue to serve as chairman and continued to appoint Tim Kugel as the company's CEO.

At the subsequent Yahoo board meeting, as the representative of Yahoo's largest shareholder and new director, Masayoshi Son strongly suggested that Yahoo should use SoftBank's $100 million capital increase to speed up the layout of free email business, quickly seize the Internet market share, and speed up Yahoo's landing on the NASDAQ market!

After Masayoshi Son finished speaking, at the board meeting, Li Xiaofan also echoed and expressed strong support for the suggestion of Director Masayoshi Son.

At the moment, Li Xiaofan is very welcome to Masayoshi Son, a giant in the investment industry, to join the Yahoo board and make SoftBank Group the largest shareholder of Yahoo.

Masayoshi Son has a very forward-looking strategic vision, is ruthless, has wolf-like nature, and is a ruthless person! Compared with the sheep-like Yahoo founders Jerry Yang and Filo, they are completely different styles. Li Xiaofan believes that Yahoo urgently needs a ruthless person like Masayoshi Son to join and continue the rhythm of Yahoo's development in the previous life. Don't easily change the development process of the first half of Yahoo.

Yahoo is in urgent need of the wolf nature of Son to expand its territory and quickly occupy market share!

To some extent, the reborn Li Xiaofan is a speculator like Son, and they are grasshoppers on the same rope.

For Li Xiaofan, Yahoo is just a tool for him to make huge profits, and Yahoo does not belong to him.

With the ambitious SoftBank Son's joining, Yahoo can accelerate its takeoff, make Yahoo profitable as soon as possible, and allow Yahoo to quickly seize the market with SoftBank's huge capital injection.

It can make Yahoo's valuation higher when it enters the Nasdaq market next year, and it will be more popular with Wall Street!

For Li Xiaofan, the final decision is nothing more than when he will cash out Yahoo's stock and leave!

At present, he has two major options after investing in Yahoo:

One is to go to Israel next year to find three young people including Weissger, Vadi and Goldfinger, acquire their ICQ project, and then retrace the creation process of the QQ Tencent Empire in the previous life...

The other time point is 1998, when he will go to Stanford University campus to find Daryl Page and Sergey Brin and invest in the newly created Google project...

In addition to investing in the Internet, Li Xiaofan has another major wish in his heart: technology and industry are the foundation of a country. Therefore, he is also preparing for the right time to choose to enter the high-tech industry.

...

After signing the contract, Jerry Yang knew that Masayoshi Son liked Chinese food, and originally wanted to arrange lunch at a well-known Chinese restaurant in City by the Bay.

Masayoshi Son said: "Jerry, at noon, I actually want to go to the Tangyuan Chinese restaurant that Li Xiaofan arranged for me last night..."

"Mr. Sun, you and Li Xiaofan both went there last night. Now go again at noon, won't you get bored?" Jerry Yang said strangely.

Son Masayoshi laughed and said, "Haha, because the two kinds of Chinese wine that Li Xiaofan invited me to drink last night are not finished yet and are in the restaurant. I think we should all go and drink that bottle of old Moutai and that jar of Shaoxing rice wine at noon!"

Last night, Son Masayoshi and Li Xiaofan drank more than three kilograms of the jar of Shaoxing specialty 10-year-old authentic Huadiao wine, and there were more than six kilograms left. They only drank half of the bottle of old Moutai. Li Xiaofan asked the boss lady Tang Zixin to seal up the remaining wine and store it.

At noon, Jerry Yang, Li Xiaofan, Masayoshi Son and a group of people went to Tangyuan Chinese Restaurant. Since the latest capital increase and share expansion agreement was signed, the shoe finally landed, and all parties were very happy. During the meal, everyone drank happily and soon drank up the remaining Shaoxing Huadiao and Lao Maotai from yesterday. Li Xiaofan finally asked Tang Zixin to open another jar of 10 catties of authentic Huadiao wine.

In the middle, Li Xiaofan toasted Jerry Yang and asked: "Jerry, do you know a fellow from Taiwan, who is also your Stanford alumnus named Huang Renxun?"

"Brother Huang Renxun, I know, he seems to have founded a company called NVIDIA in Santa Clara now..."

The Chinese name of NVIDIA mentioned by Jerry Yang is Yingweida Company, and Huang Renxun is the founder of this NVIDIA company. Huang Renxun is five years older than Jerry Yang. He was born in Taipei in 1963 and later immigrated to the United States. After obtaining a degree in electrical engineering from Oregon State University in the United States, he obtained a master's degree from Stanford University. He once worked as a chip designer and sales manager at the famous American AMD and LSI Logic. In 1993, he started his own business and founded NVIDIA.

In July 2020, NVIDIA surpassed Intel in market value for the first time and became the chip manufacturer with the highest market value in the United States.

"Jerry, can you introduce me to this Huang Renxun?" Li Xiaofan asked.

"Sure, I'll call him now and ask if he is in Santa Clara..."

Santa Clara in Yang Zhiyuan's mouth is called Santa Clara in Chinese. It is one of the important cities in Silicon Valley. At that time, the famous Intel and SUN Sun Microsystems were headquartered in the city.

NVIDIA, founded by Huang Renxun, is also here.