The Chaebeol’s Youngest Son Chapter 126

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[126]Jab then straight 1

“what?”

“What did you just say?”

I just laughed at the two people who didn’t understand clearly.

“You two, you’re lucky. “I got really greedy this time.”

I chuckled as I watched him hesitate as he didn’t know what to say.

“Now, how about doing it like this?”

The two people sat close to me.

“I will sequentially invest up to $30 million. “If we need to invest again after that, either the company has already grown enormously or we’ve lost all the money, right?”

The latter is another word for ruined. If Google fails, something is wrong, not that their algorithm is wrong.

“If the scale grows and additional investment is needed, many investors will flock in, even if it’s not just me. Take their funding. “On good terms.”

“Wait a minute, Howard. I have a question… “Can you please listen without misunderstanding?”

The surprise I felt when I first heard the number $30 million has already disappeared. I had a doubt that was difficult to understand.

“whenever. “Tell me about it.”

The two exchanged glances before cautiously opening their mouths.

“If the company grows in size and needs additional funding, it means the company is improving, so why stop investing? “Didn’t you say you had enough money?”

“I get money from many places. Aren’t they people with a lot of experience in investing? They are living witnesses to Silicon Valley’s numerous successes and failures. Additional funding means that their advice is needed right now. Don’t stay away from people who nag you. “Because they are people who will pour out brilliant words.”

I bet you never thought you would hear something like this. Because what engineers hate most is interference from investors.

“But don’t abandon your values, either. “Goals will change little by little as the company grows, but it’s better not to do anything that might shake your values, right?”

“Okay, so what about the latter? “Are there any conditions for recovering investment if our business fails?”

“Then I’ll start over and pour in the money until I succeed. Even if it’s 100 million or 1 billion dollars, whatever you need. how is it? Did you get the answer?”

I think that was a great answer. Waves of emotion were flowing on the two people’s faces.

“Howard, you truly believe that Google will succeed.”

‘Don’t say anything you don’t know. The words ‘The 4th Industrial Revolution will only begin if Google succeeds’ lingered in my mouth, but I couldn’t throw it out and just nodded.

“I understand your feelings well enough. However, investment cannot be made based on abstract beliefs alone… . Now can you tell me the specific number?”

I’m still a little confused about the names of the two people. They both have dark brown hair, so you can’t tell them apart based on their appearance. Was the more handsome guy Russian Sergei?

“Okay, Sergei. As you probably already know, I have no intention of having voting rights. The two people will jointly exercise the voting rights equal to the share I have. And I want the average share of the two of you in return for the $30 million to invest going forward.”

The two people looked at each other and blinked at the word average.

“what? Surely you two will share equally forever… You didn’t make an oath like this, did you? “Isn’t it a child?”

The United States is a place where even startup founders are kicked out. Depending on the co-founders’ individual circumstances, the difference in shares may widen at any time. Isn’t this a capitalist paradise?

Fortunately, it seems that there were no such childish oaths. Instead of average, I accepted the word “joint.”

“So, the three of us will start with equal shares?”

“yes. You two get the heads, I get the money. “Do you think that’s fair?”

The two people waved their hands.

“It’s not fair, Howard, but you lose out. “If it’s that much of an investment, you’d be stupid not to accept it even if they ask for 50%.”

“that’s right. “It’s not an unreasonable request even if they want to buy us for $30 million.”

“That’s it. Then, guarantee my shares in the future. Whether it is paid capital increase or free capital increase. “By always maintaining the average of the two people’s shares.”

Sergei suddenly held out his hand.

“Let’s get the deal done before he changes his mind.”

“I will prepare a contract for you tomorrow, so please review it. And a million dollars, too.”

I smiled and took the hand he held out.

And we drank beer while listening to the Internet world they dream of. They have not yet come up with any innovative ideas they could create, such as Google Earth, maps, translation, Project Gutenberg, artificial intelligence, or autonomous driving.

This is because it is not done alone, but is the result of fusion with the services of various geniuses who will appear in the future.

We talked a lot until dawn and got up from our seats.

“Here are the New York office, the Korea office, and my personal phone. “Contact me anytime you need.”

The two people did not hide their surprise as they accepted my business card.

“Are you Korean?”

“why? “Did you think it was Japan?”

“no. “I thought it was Hong Kong because you used the last name Jin.”

I went out, leaving the two people who couldn’t sleep tonight in the garage.

I declined the offer to take him to a nearby motel. Because he wanted to walk slowly and enjoy the cool night.

As I was taking steps, I heard a shout behind me.

“hey! “Are you really 20 years old?”

* * *

I didn’t even look at the contract.

The two Google founders looked back and forth at the million-dollar check and even started slapping each other in the face.

“Didn’t you see something wrong this time?”

Rachel, who came to the garage in a residential area in Silicon Valley in the morning with a contract in hand and a check in hand, began glaring at me as if she didn’t trust me.

It is natural that they, who look like Dumb and Dumber, would not think that they would beat Microsoft by a long way and become the owners of a company that boasts the world’s highest market capitalization.

“Trust me. This time, it’s not just about making money through stocks. “It is the moment when the protagonist who opens a new world shows such a funny side before our eyes.”

No matter how loud I said, Rachel just shook her head and sighed.

“You were the one who told me to get out of the dot-com company. “Are these different?”

“I told you, right? They say that by 2000, a series of dot-com companies will have collapsed. These kids are the real deal in Silicon Valley. Look carefully ahead. The ones that will be revealed from now on are real. “These are talented people who fill the shoes left behind by fraudsters.”

Still unable to stop sighing, she hit the desk and screamed.

“You guys! That check is real, so stop looking. Rather, check the contract first and sign it. “I’m not a leisurely person enough to watch you guys play!”

“Oh, sorry.”

Sergey and Larry hurriedly put the check in a drawer and faxed the contract somewhere.

“Hey! It is basic that the contents of the contract should not be viewed by third parties. “Where are you sending it?”

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When Rachel asked in surprise, the two people smiled and said,

“Don’t worry. I’m a lawyer at the school’s startup support center. They are lawyers who check everything before we sign a contract with a separate law firm. “These lawyers know better when it comes to confidentiality.”

After all, it’s Stanford.

We provide ample support for students to start their own businesses.

Rachel took my hand and walked us out of the garage.

“Howard. The Amazon.com thing you mentioned at the meeting. Why don’t you invest there? You said it was promising there too. “It seemed more certain that way.”

“Of course, that company also has enormous potential value.”

“however?”

“Rather than making money through rising stock prices, I shifted my focus to building relationships with geniuses like that. “Amazon’s business structure doesn’t help me much anyway.”

“So now you’re giving up the return on your investment?”

Rachel shook her head as she asked with an anxious look in her eyes.

“Is it necessary to only invest in stocks to make money? “There are many better places.”

“What is there?”

“Think about where the money will go when the dot-com bubble bursts. “There’s no way the devils of Wall Street can silence money.”

“What’s next for dotcom?”

As Rachel tilted her head, she heard a voice calling from the garage.

“I’ll sign right now. The school lawyer said he has seen hundreds of Silicon Valley contracts, but this is the first time he has seen such an unconventional contract. Seonghwa tells you to sign unconditionally.”

“Our Howard is really big. “You have met a true angel.”

There was no time for a party to celebrate becoming Google’s first investor.

“Let’s go back quickly. Your father should have finished his meeting with DreamWorks by now. “I can’t wait any longer because I’m curious about the results.”

The two people’s eyes widened when they heard Rachel’s words.

“D-Dreamworks?”

“Howard! “Do you also invest in Hollywood?”

I spoke proudly to the two people.

“Be sure to watch Saving Private Ryan. This is a movie I invested 35% in. haha.”

Rachel also added one more word.

“After receiving $30 million, spread the word. If Miracle says he has invested, investment companies will be lining up to take the money and pounce on him. “We are a symbol of invincibility on Wall Street.”

* * *

When I returned to LA, my father took me to Santa Monica Beach. He drives a Rolls Royce provided by the hotel.

“Why is it the beach all of a sudden? It’s so hot I’m dying… .”

“Let’s talk quietly. “I have a lot to ask.”

We each grabbed a bottle of cold beer and sat down on the sand.

“Did you have a good conversation with DreamWorks?”

“The atmosphere was good. “They also responded positively.”

But why is my father’s expression so stern?

“Did DreamWorks ask for something unreasonable?”

“swarm? well. “I asked for something obvious, but it would be accurate to say that it was too much for me.”

“which… ?”

“The idea is to build an Asian distribution network excluding the Middle East.”

“okay. “It’s a natural request.”

Half of the movie industry is distribution. The three masters of DreamWorks are not stupid enough to hand over distribution rights just for money.

“I heard that the money spent on Asian distribution rights alone is $500 million. However, an astronomical amount of money is needed to build a proper distribution network and expand the secondary platform business. The problem is that if you make a mistake, you end up wasting that money.”

Perhaps the father would have started off with a much lighter heart if the investor had not been his son. It is the fate of investors to always live with the risk of losing money.

However, the disgrace of a father who lost his son’s money is worse than that of a foolish son who lost his father’s money.

This fear holds my father back.

“If you are not confident that you will succeed, you can quit. But don’t think that you can’t do it because the investor is your son. Money has no label. “It’s my money, so it’s a good thing to be more careful.”

“It will cost quite a lot of money.”

“I still have a lot of money. I will continue to earn money in the future. “Don’t worry about money.”

“That money is for preparing for something big. “If you want to take over Sunyang Group, no matter how much money you have, it won’t be enough, right?”

Wow, it’s a little bit annoying because it’s so explicit. Why does the story flow in this direction?

“There are some things no amount of money can buy.”

“Now that I think about it, that’s right. “It is not a governance structure that will allow management rights to be taken away just by purchasing a large number of stocks in the stock market.”

What money cannot buy must be taken. The minimum weapon needed to steal money is money.

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