Rebirth in a Perfect Era Chapter 900: Li Mu’s win-win plan

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It seems that Elon · Musk is a bit messy, and the playful expression on Li Mu's face is even worse.

Elon · Musk tangled looks at Li Mu and although have been communicating through translation, but the language is distinguished and the expressions have no borders. He can clearly see that Li Mu's face has decided his own appearance.

Originally, I came here not far away, just to touch a porcelain. I used the Li Mu's momentum to deter ebay. There will be no loss for Li Mu. Besides, I have sent others feelings before and let myself borrow his momentum. It's fair to come to the fox and pretend.

However, Elon · Musk is also didn't expect, Li Mu has already set up the game for himself, and is waiting for him to jump a long distance.

Thinking of this, and then seeing the relaxed and confident look of Li Mu, Elon · Musk cannot help but admire Li Mu, this young man of only 20 years old is really extraordinary.

Admiration, admiration, Elon · Musk is somewhat depressed, he is already 31 years old this year, 11 years older than Li Mu, but he was put into his pocket, which brought his self-confidence Quite a blow.

I actively adjusted my mind. Elon · Musk asked Li Mu: "Mr. Li, are you so optimistic about Paypal?"

Li Mu smiled slightly: "I personally am quite optimistic, and in my opinion, the payment channel is a very important part of the future development of the internet industry, and is the key to opening up internet and user wallets. For ebay, in the first few years, the ebay platform did bring better development opportunities for Paypal, but with the continuous development of internet, one day, Paypal will go beyond the pattern and framework of ebay. ebay was separated and became an independent payment channel. At that time, Paypal ’s valuation will be more than ten times the current value. "

Elon · Musk looks at Li Mu, nodded seriously, said: "Mr. Li is indeed right, I personally feel that Paypal will have more room for development in the future, but from the current situation, we realize that Our ability is unable to help Paypal continue to greatly improve, and if it is a big platform like ebay, if he ca n’t buy Paypal, he will definitely create another Paypal, so our only option now is to sell Paypal to ebay. Or other big platforms, this is the best solution for everyone. "

Li Mu nodded: "That's true, but I still say that ebay does not necessarily have to buy Paypal wholly. For them, as long as they have an absolute controlling stake in Paypal, it is enough. Their own needs have been absolutely satisfied, and there is no need to rebuild a new management and operation team around Paypal, and YY of Muye Science and Technology is now developing very well in the elite class around the world, and will gradually master more For overseas user resources, if Muye Science and Technology and ebay can jointly invest in Paypal, the two parties will invest more resources in Paypal, which will definitely make Paypal a higher level, which is much better than simply selling Paypal to them. "

Elon · Musk frowned for a moment, and nodded gently: "You are right, in this way, ebay does not really need to buy Paypal wholly, as long as they have absolute control, they can sit back and relax, as you said. I feel that it is also feasible to share shares together. "

Li Mu said: "I am most inclined to share our shares with three parties. Imagine if Paypal will be controlled by ebay in the future, Muye Science and Technology and members of your original team will jointly hold shares, the company will still manage it by you, so you can also To ensure that Paypal develops on the most correct route, instead of being taken by ebay and temporarily patching up a team that does not understand payment to operate. "

As I said, Li Mu paused and said: "And the cash that I and ebay put in when buying shares, not only can make the capital behind you retreat, but also give you the original team a chance to cash out , And then reserve some shares for you, and then I and ebay can import resources from overseas markets to Paypal together. With these two big platforms as backing and resource imports, Paypal ’s valuation can be further improved. Shares will be more valuable. "

Elon · Musk heard this, his expression was unconsciously a little surprised and excited. At first, he just wanted to sell Paypal to ebay. According to his 11.7% shareholding ratio, 1.5 billion USD valuation, he can get 1.75 The cash of 100 million USD is definitely a huge amount of money for him. With this money, he can invest in other career and fight again in another field.

However, the Li Mu's words opened a new window for him. If the three parties jointly hold shares, it is assumed that the valuation is 1.5 billion USD. If the capital behind Paypal is now withdrawn and 50% of the shares will be transferred by themselves, then I am able to cash out about 90 million USD, and at the same time hold almost 6% of the new Paypal shares, it seems that there is no change, but for Paypal at that time, the valuation will definitely be a huge improvement!

Only Paypal ’s words, currently worth 1.5 billion USD, there are two major companies, ebay and Muye Science and Technology, which jointly hold shares and jointly import resources. The valuation of Paypal is definitely more than this number. With such great positive news, even It may be doubled in a short time!

In this case, I have already received 90 million USD cash, and it wo n’t take long. When Paypal ’s market value exceeds 3 billion USD, the remaining 6% of my shares will regain 180 million. Market value, this imagination is indeed much larger.

Elon · Musk also knows clearly that if there is already 90 million USD cash, and there is no need to continue to cash out, the remaining shares can be held forever. With the market value of Paypal With continuous improvement, the market value of the remaining shares will continue to increase.

The current Elon · Musk is not the industry leader in the future. He hasn't got the first pot of gold in the real sense yet, just waiting for Paypal to realize it.

Originally, he could realize 175 million through Paypal, but the Li Mu's proposal gave him a new direction and greater imagination, so he also became very interested in the proposal of Li Mu's.

To understand this, Elon · Musk could not help sitting up straight and asked Li Mu with some excitement: "Mr. Li, how do you think ebay can accept this three-party shareholding model?"

Li Mu laughed: "It's very simple. At noon, I prepared a working meal. I will be interviewed by the domestic media. I will release a clear message through the media: Muye Science and Technology is considering holding Paypal, and the original team of Paypal is also very Muye Science and Technology holding Looking forward to this situation, ebay will be in a hurry. They should find you directly or Muye Science and Technology directly. In short, they will not watch looks at Muye Science and Technology really holding Paypal. "

Elon · Musk nodded, and said that Li Mu is really ready, since he has already entered his set, and this set is very likely to bring greater benefits to himself, he is also willing to himself Jumped in and asked, “If ebay finds us directly, how can we reply to prompt them to agree to the final cooperation model?”

Li Mu said: "Just say that Muye Science and Technology is going to hold Paypal after the C round of financing is reached, but Muye Science and Technology's attitude is very clear. If ebay is still interested in Paypal, Muye Science and Technology can unconditionally give up control to let them control, but in order For Paypal ’s future development, they must accept this three-party shareholding model. As long as they agree to this model, then we can talk about further cooperation. "

Speaking, Li Mu slowed down, and said: "Once everyone becomes a partner, Muye Science and Technology will not only be able to import resources to Paypal, it may even import resources to ebay, YY can cooperate with them in any country other than China, Promote ebay, and hope that ebay can also regard Muye Science and Technology as a strategic partner, so that ebay and YY can mutually promote each other under the premise of jointly promoting the development of Paypal. "

Elon · Musk said: "In this way, it is more beneficial to ebay as a whole. After all, YY is developing very fast now, and Muye Science and Technology has not yet exerted its strength. Anyone can see the huge potential contained in Muye Science and Technology. , I believe ebay will not refuse. "

Li Mu nodded: "As long as ebay turns around, it will be realized that absolute holding is enough for them. The two companies and a team function to build Paypal. Through the cooperation of this product, To enable the two companies to cooperate on a larger level, ebay will be very interested. "

Elon · Musk also clearly realized that the Li Mu proposal is a win-win situation for its founders, ebay and Muye Science and Technology, which is equivalent to everyone working together to pay more for Paypal Labels, so that it can get higher recognition in the capital market, this will not refuse at first, and I look forward to it.

In addition, if ebay and Muye Science and Technology reach a cooperation on Paypal in the future, it is equivalent to using Paypal to realize the marriage of the two companies. This is great news for the two companies. In the future, the two companies are investing in capital The market will get greater returns.

The most important thing in the capital market is to be able to tell stories and play concepts. For large companies like Muye Science and Technology or ebay, if they are bundled with each other, even if it is just hype, they can get higher recognition in terms of capital.

Elon · Musk asked Li Mu: "Mr. Li, what is your preferred share ratio?"

Li Mu said: "I tend to take a 29% stake in Paypal."

Elon · Musk calculated a little, and couldn't help but marvel at the savvy calculation of Li Mu.

Since ebay is absolutely controlled, it must be at least 51%. Li Mu must also hold the mentality of letting ebay take a 51% share, before opening up to take a 29% share, which means that after two large companies buy shares, they are reserved for The original team's shares are only up to 20%.

At present, including Elon · Musk and Peter · Thiel, the original team's share is about 40%. If it is diluted to 20%, each person will be able to cash out half of the shares in hand, which is almost the same as his previous calculation.

Li Mu has also calculated an account in his heart. If he wants to use Muye Science and Technology to acquire 29% of the shares, and according to the valuation of 1.5 billion USD, he has to invest 435 million USD in cash, even if he kills himself, he ca n’t get it It's more money, but it doesn't matter, because YY's fiery/popular in overseas markets makes YY's overall valuation almost change every day.

A few days ago, the capital market ’s intentional valuation of Muye Science and Technology was still around 6 billion USD. In recent days, YY has not only continued to develop rapidly in the US market, but has also rapidly spread to all developed countries in the world. A record of more than 10 million USD recharges a day has been set, because YY ’s value-added services are paid monthly, which means that YY ’s future revenue flow is adequately guaranteed, so the current valuation can at least do To more than 7 billion USD.

For a valuation of 7 billion USD, dilute 10% and exchange for 700 million USD. It is enough to own Paypal, but Li Mu is more savvy. He does not want to raise funds before buying shares. He hopes to sign with ebay and Paypal team The agreement is refinanced, because once Muye Science and Technology is announced, it will soon cooperate with ebay and jointly invest in Paypal. Such good news will definitely play a role in pulling the valuation of Muye Science and Technology!