Rebirth of the Wild Age

When Michael Moritz was flying around in China, fooling around to recruit the investment partners of Sequoia (China), a shocking news suddenly came from across the ocean.

Youtube, which was created only a year and a half ago, was acquired by Google at a sky-high price of US$1.65 billion!

Before, the media always said that there were two founders of YouTube, but it was not discovered that there were three founders until it was acquired by Google for a huge sum of money. Moreover, the American media was also surprised to find that the angel investors in YouTube were actually Song Weiyang and Jinniu Capital.

For Song Weiyang, how could such a thing be missed?

When YouTube was first established, Sohu Video was already engaged in promotional activities, and Zhang Chaoyang also went to various parts of the country to purchase film and television copyrights. Song Weiyang didn't do it himself at all, and directly asked Jinniu Capital to visit the United States, and took away 30% of YouTube's equity.

The three founders of Youtube, Steve Chen, Hurley and Karim, were crazy about this angel investment.

Because the number of visits on YouTube was pitifully low at that time, they themselves did not have a clear positioning. Even seeing that Facebook has become popular, they have learned to describe Youtube as a dating site, and they are still advertising in Los Angeles and Las Vegas. Claiming that if a woman uploads a video, she can get $20 per video, but unfortunately no woman responded.

In the end, it was actually the founder Karim himself who took a series of videos of Boeing 747 takeoff and landing, which inexplicably increased the number of YouTube visits.

When Michael Moritz was interviewed by a reporter, he was asked: Mr. Moritz, Google just spent 1.65 billion US dollars to acquire Youtobe, which was founded only a year and a half ago. Song Weiyang and Jinniu Capital are the only two A big investor who made a direct profit of 500 million U.S. dollars. As one of the world's most famous venture capitalists, what do you think of Mr. Song Weiyang's investment methods?

Song is of course the best investor, Michael Moritz said with a smile. In fact, he was the first person I visited when I came to China this time. I had a very friendly exchange with him. He also treated me to a Chinese hot pot, and here I would like to congratulate him on another perfect investment. At the same time, Sequoia (China) and Golden Bull Capital have also reached a long-term cooperative relationship.”

When this interview was published in the newspaper, it became a strategic cooperation between Golden Bull Capital and Sequoia Capital, and the two major investment funds in the East and the West will join hands to create a better future.

In addition, Song Weiyang took Jinniu Capital and relied on the angel investment in Youtobe to earn 500 million US dollars in a year and a half. This news instantly ignited public opinion. It is true that Song Weiyang's every move is being watched, and this acquisition by Google is too evil, and the major media are overwhelmingly reporting on it.

Damn it, as expected of Dr. Ma, every shot is steady and ruthless!

Is Google crazy? It actually cost more than 1 billion US dollars to acquire a video site, so how much is Sohu Video worth now?

God-like investment, you don't have to wait for the IPO to cash out, and you don't even go through the A-round financing process, and the angel investors have made 500 million US dollars directly. To be honest, when I first saw the news, the whole person was overwhelmed. I was stunned. Brother, I am also working in an investment fund, and Dr. Ma's operation this time has surpassed my imagination.

How much did Dr. Ma invest this time?

Dr. Ma and Jinniu Capital invested US$2.8 million, holding a total of 30% of Youtobe's equity. Based on the purchase price of US$1.65 billion, Dr. Ma and Jinniu Capital made a net profit of US$492.2 million. Also, ask the masters in the bar, How is this investment income taxed in the United States?

Only 20% tax rate, very low.

It's even one-fifth?

The U.S. tax rate for venture capital income was as high as 49%. Do you think 20% is low now? Moreover, compared with the executives of large companies in the United States, the 20% tax rate is also very low.

Don't talk about it, it makes me cry. I work for a company in the United States, and 28% of my monthly salary is taxed. Capitalist countries are such nonsense. I work hard to earn some hard money. The personal income tax is as high as 28%, but Dr. Ma’s income of hundreds of millions of dollars is only taxed at 20%.”

Brothers, I caught a wild pretender. The guy upstairs has been taxed at 28%, and his annual salary is at least $90,000!

I confess, my annual salary is about 100,000 US dollars. But is it a lot? My annual salary is 100,000 US dollars, and the tax is 28%; Dr. Ma made 500 million in one transaction, and the tax is only 20%. This is the capital of the United States The ugly face of the government!

Dude, based on your income standard, you will be charged 45% in China...

Fuck, why is this post crooked?

Dr. Ma, it really is a hidden dragon and a crouching tiger, and the grassroots with a monthly salary of 3,000 yuan are trembling.

...

The discussion on Sogou Tieba is hot, and China's Internet industry is also exploding!

Affected by YouTube's sky-high US$1.65 billion deal, dozens of video sites popped up in China in the following months. The video websites created before have also been favored by venture capital, and each website has received at least 500,000 US dollars in investment on average.

Then, Mr. Zhang Chaoyang, a well-known Chinese film and television investor, flew overnight to offer advice and suggestions to the richest man in Song Dynasty.

Sohu Video should be spun off from Sohu.com, Zhang Chaoyang said excitedly, It should be spun off and listed on NASDAQ, and then it will take money from the stock market to expand aggressively, and use the money to squeeze out all domestic competitors. !

Song Weiyang asked with a smile: Have you discussed with General Gu Yong?

After discussing it, he thinks the time is not yet ripe, Zhang Chaoyang said, taking a deep puff of cigarette, but I think now is the best time to go public. Google's sky-high acquisition of YouTube has received a lot of attention in the United States. Favored by investment institutions, it can go public within a year or so at the earliest.”

Song Weiyang said: Then give it a try, I will ask Lao Gu to cooperate.

Zhang Chaoyang said: After the split of Sohu Video, how will the equity be distributed?

You must be indispensable. You should make an equity incentive plan. Song Weiyang said.

Although Zhang Chaoyang is only the nominal CEO of Sohu and has no real CEO power, he happens to manage Sohu Video. Once Sohu Video is spun off, Zhang Chaoyang will be able to obtain additional equity incentives, which is why he can't wait. After the listing, it will be real dollars!

With Song Weiyang's approval, Zhang Chaoyang was naturally very happy. He said in a joking tone: Boss, if you encounter a good investment project in the future, you can take me with you. You eat meat, and I drink soup. Take the investment. For YouTube, I can make a few million dollars and be satisfied.

Okay, Song Weiyang agreed casually, The premise is that you have to do a good job with Sohu Video. If there is a problem with the website, no one will take you with me when I do venture capital.

Zhang Chaoyang said quite positively: Don't worry, I promise to do it seriously!

Zhang Chaoyang, who had always been idle, suddenly changed his personality, as if he had become the original entrepreneur again. He goes to work on Sohu Video on time every day. While sorting out and developing the video website, he is also preparing for the IPO listing. Facts have proved that money can bring unlimited motivation, and it can also turn a prodigal son into a workaholic.

It's a pity that the market of video websites has deteriorated sharply, because new websites have sprung up like mushrooms after rain, and old websites have also thrown money wildly after getting venture capital. Sohu Video is facing unprecedented market competition.

In order to successfully land on Nasdaq, you must use all your strength to fool the Yankees, and you must increase the number of visits of Sohu Video to a higher level as soon as possible.

Therefore, regardless of China Film's face, Zhang Chaoyang recruited Hu Ge as the contracted director of Sohu Video, and also declared that he would invest in Hu Ge to make an online movie, and at the same time buy out the online copyright of A Murder Caused by a Steamed Bun.

This operation immediately ignited public opinion. Hu Ge even held up a thumbs-up prop at the signing ceremony. The relevant video attracted countless passers-by to watch, directly doubling the number of visits to Sohu Video within a week.

China Film and Director Chen felt as if they had eaten a fly, but they chose to remain silent in the end. Because they said they would sue Hu Ge half a year ago, but they were ridiculed by everyone, so they had to let it go, and they would always be the ones who would lose face if the trouble continued.

Zhang Chaoyang deeply regrets this. He hopes that China Film Group will come to sue. It doesn't matter whether the lawsuit wins or loses. The bigger the trouble, the better.

It's just that Sohu Video has completely offended China Film, and it is estimated that it will be difficult to buy China Film's film and television copyrights in the future. Zhang Chaoyang's trick is purely killing chickens and picking eggs.