Chapter 27 Uninvited Guests
Gallo did not compete with Irene in professional knowledge, but simply asked Irene, "If there are no other investment companies willing to offer a higher price, can you withstand the losses?"
Irene was speechless for a moment. It was true that she had professional knowledge, but she did not have much experience. Irene did have some selfish motives. She certainly wanted DoubleClick Company to be able to raise more money.
But she also had other thoughts. If she could make some big news, her career would have a brilliant start!
But if she failed, Irene's heart trembled for a moment. That was nearly 20 million US dollars. How could she afford it?
"enough!"
Song Yang glared at Gallo. He had already rejected the acquisition by AT&T. What was the use of regretting it? Even if he went back to the other party now, it would only lower his own value.
"I trust Irene's judgment. Let the news spread that AT&T wants to invest in DoubleClick!"
Song Yang decided to lure the snake out of its hole and use the name of AT&T Group to promote Double Click Company. Even AT&T Group was attracted by Double Click Company, so what were other companies waiting for?
Gallo was still a little dissatisfied, but was pulled by Gray. After glaring at Irene, he left the office. Irene, Ryan and others also left one after another.
After everyone left, Song Yang leaned back in his chair. If you were to ask what it felt like to push away 18 million US dollars, Song Yang knew what it felt like. To say that he didn't feel bad was absolutely bullshit.
However, there is no point in worrying now. It all depends on whether there are any big sponsors who will offer a higher price in order to double-click on the company.
As one of the richest and most influential giants in America, the influence of AT&T is unquestionable. When the news of its intention to acquire DoubleClick came out, it immediately attracted the attention of Silicon Valley and Wall Street.
At this time, venture capital companies that had originally focused on Silicon Valley began to turn their attention to the companies behind Netscape and Yahoo. The news that AT&T offered US$18 million for DoubleClick surprised many people who heard the news.
The Internet market is very hot right now, and everyone can feel it. However, a company that has only been established for less than half a year, with the concept of digital advertising business and revenue that has not even exceeded one million, is actually worth nearly 20 million US dollars, which still makes many people astonished.
Using the Telephone and Telegraph Group as a tool, the popularity of Double Click Advertising Company naturally increased rapidly.
As for Song Yang, he didn't have to wait long and soon received another call, and it was from an old acquaintance.
“Song, I saw the news, Double Click Company, it seems to be in trouble?!”
Jim Clark's voice came from the phone. Although he seemed to be worried about Double Click Company, Song Yang always had a feeling of gloating when listening to it. He felt that the person who called did not seem to be a good person.
Song Yang disagreed with Jim Clark's words, "Double Click is not in trouble, but needs funds to expand the market. Don't forget that Double Click has to complete Netscape's performance plan of tens of millions of digital advertising revenue next year!"
"Come on, Song, we are all family, so you don't need to say this to me. Tell me, how much money will DoubleClick Company cost?" Jim Clark said directly.
Song Yang had no resistance to cooperating with Netscape. At this stage, he had to cling to Netscape and rely on its reputation to fool people.
"Five million US dollars, DoubleClick is willing to give up 10% of its equity to Netscape!" Jim asked Song Yang to make an offer, and Song Yang spoke directly without any politeness.
Upon hearing this, Jim Clark could not help but curse, "Song, I am not one of those Silicon Valley venture capitalists who are fools. Do you think DoubleClick is worth 50 million US dollars now?"
Song Yang directly raised the valuation of DoubleClick to 50 million US dollars, which made Jim Clark so angry that he cursed and felt that Song Yang was treating Netscape and the investors in Silicon Valley as fools.
"Ten million, Netscape wants to get 50% of DoubleClick's equity!"
Jim Clark increased DoubleClick's valuation by another two million, officially reaching 20 million US dollars!
"Song, let me tell you, choosing Netscape will benefit both you and DoubleClick. I am 'one of us' and I will abide by the rules of this industry. I have experienced everything you are going through now. If you choose Netscape, you will be able to go smoothly all the way like Anderson, and you won't have to worry about being kicked out one day!"
Jim Clark told Song Yang in a deep and warning tone that if he chose other investors, there was no guarantee that Song Yang would not be kicked out of the DoubleClick company he founded in the future.
Jim Clark has profound experience in this regard. He was kicked out of SGI, which he founded himself. Moreover, it is hard to guarantee that an amateur investing in professionals will not interfere with the operation of DoubleClick.
Netscape Investment has no problems in this regard. Of course, it is not ruled out that Song Yang and Jim will fall out in the future, but overall, choosing Netscape is a good choice. Although Jim Clark is also very cruel and wants to take away half of the shares of DoubleClick right from the start, after investing a few more times, he will be able to directly control the company.
"I'll consider it!" Song Yang had rejected the AT&T offer, so he didn't mind Netscape's offer of an additional two million. However, this time Song Yang did not completely refuse.
Jim didn't care about this result. He was just doing this today. "One day, you will understand that Netscape is the best choice. My proposal is still valid. You know my phone number!"
After hanging up the phone, Jim Clark didn't take it too seriously. He thought that Song Yang would call him back sooner or later.
The price of 20 million is the evaluation of DoubleClick by Silicon Valley. Neither Netscape nor other venture capital firms will offer too much price. The most they can offer is a difference of one or two million.
As for whether there would be other suckers who would come out to snatch the money, Jim was not sure, but he also thought it was unlikely. After all, he couldn't always run into a lunatic like SoftBank who would come rushing to invest with $100 million. For some reason, when he thought of Yahoo, Jim felt a little guilty.
The successive calls from AT&T and Netscape gave Song Yang, Greg, Irene and others a rough idea of DoubleClick's positioning in the market, which was basically around 20 million.
After Jim Clark's call, there were not many calls from investment companies for several days. There were only a few calls from DoubleClick companies, but the price they offered was no higher than that from Netscape.
This made Song Yang a little anxious for a moment, and he wondered whether he should go to Netscape to start the discussion. At this moment, Irene entered Song Yang's office again and brought him some news that was somewhat unexpected.
"You mean, Wang An Company is going to send someone to negotiate?" Song Yang felt as if time and space were out of whack. In his impression, Wang An should have gone bankrupt by now?!
