Chapter 339 Busy Holiday 3 (1/2)
In addition, Emily was now overseeing Charlie and his team who worked at the company in Silicon Valley in Palo Alto, California, which Jake had just created for now to develop multi-touch technology.
As someone who didn't know about the future and what the internet would mean in the future Emily thought it was a huge waste of money that Jake was doing, she could just see a smart calculator that would cost a lot to be worth it.
And there were a lot of other investments that Jake had that Emily was responsible for taking care of, of course. To do that Emily had authority and respect given, she was president of Jake's investment company and received a huge salary directly from him.
Plus she would get some of the profits from all Cisco stock when they were sold, Emily estimated that the 1 percent she now had was worth at least $ 10 million.
”Hi Emily, you look pretty tired.”
”Of course I've been tired, you know how many things I have to take care of, I'm responsible for billions of dollars and I'm doing my best not to disturb you while you're busy playing or training.”
”I know, I'm just kidding, it's a shame you're very busy right now, but in a few years I'll hire a few more people to help you, and the investment company won't do anything for a few years after that either.”
”I understand, this can be hard to come by because a few years with the investment company closed means a lot of money will be lost, I need only a few months of rest when this phase passes and I will be fine again.”
Emily didn't complain much because she knew Jake was very talented and even busier than she was, and she was so happy to work with so much money, even her father had never had so much responsibility and it was all thanks to Jake.
Even if someone offered her some quieter job that paid her better she wouldn't accept it, she felt she would make a lot of money when Jake decided to sell all the stock that the investment firm cared for.
She was no longer so stressed because she knew it was impossible for investors to lose money even if the bubble burst as many investment analysts said because investor money was already more than double invested.
Also, thanks to the contract that Jake made with those who wanted to invest in the company, besides complaining who invested money could only trust that Jake knew the right time to sell everything, it was a contract she didn't know for sure, but she knew no one would risk contesting this contract.
Her father would also make a lot of money when Jake decided to sell these stocks, which showed how much better it was for her to work with Jake because there might be more opportunities for her and her father to get rich after that.
”I told you to hire more people for the investment company to relax, but I know you keep going the same way as before checking the market, you don't have to do that Emily, that's what tires you the most.”
”You know how impossible this is, our company takes care of over $ 1 billion in investments, anything that happens in the stock market can make our company lose several million, me and I don't know how you can be so calm about that.”
”Alright, let's not talk about that anymore, tell me the investment company reports.”
Just as Jake asked Emily said the investment firm reports, with Matthew's investments alone over $ 900 million, even Matthew was surprised to learn how much money he had and regretted not investing more at the end of last year.
Even so, Matthew still wanted to just sell the stock and take all the money he was afraid of losing more money after, but Matthew knew that Jake didn't care about his investment opinion, so Matthew just had to keep trusting Jake.
The entrepreneurs who invested with Emily's father had over $ 90 million at the time as well, it was three times as much as they had invested, so they also wanted to sell the stock if they could.
Jake didn't care what they thought because he knew that this money now was nothing compared to what they would earn over the next 3 years, that money would still multiply sometimes and they would complain in the future if Jake sold it all now.
What also made investors sadder was the fact that 10 percent of the money they would earn would be given as a commission to Jake's investment firm, at the moment was a lot of money, over $ 66 million, and would be even more in the future.
After Emily said about the investments Jake had, Jake currently had over $ 40 million invested in equity, it was less than the others had because Jake also made other investments that would earn him hundreds of times that amount in the future.
One such investment was the silicon valley company that Charlie and the others were working on to develop multi-touch technology, with nearly a year of investment and a lot of work the touch screen technology had already been developed.
Jake received the test product and saw that it was very similar to what he used in the future, which gave him confidence that Charlie and the others were on the right track, maybe later this year or early 1998 Jake could apply for a patent that would make him a multimillionaire in the future.