Chapter 35 (2/2)
They are one of the founders of the company. They hope the company will develop better and better!
The meeting lasted a long time, from nine o'clock in the morning to three o'clock in the afternoon.
Henry can not agree with other venture capital institutions to invest heavily in Cisco and share shares, so he must grasp a degree. Therefore, the coordination of major investors and reasonable distribution of shares has become one of the key tasks of this meeting!
After the meeting, Henry's shareholding reached about 63.5%, the possacks 10.5%, the company's management 4.5%, Citibank and Morgan bank 2.5%, Goldman Sachs, IDG, KPCB each 2%, while Sequoia Capital Shares diluted to 3.8%, the remaining shares are held by many other small shareholders! Cisco got 1.32 billion US dollars through the second investment!
Ask Cisco how to deal with so much money? Very simple, just three words, ”acquisition”!
Cisco won't repay the bank money for the time being, and Citibank and Morgan bank won't press for debt at all. The longer Cisco delays, the better, and the more interest it can get!
The bank is a monster organization, the more money you have, the more it likes to give you loans! If you don't have money, it won't lend it to you!
In order to expand the scale of Cisco performance, it is necessary to recommend Cisco products before users access the Internet!
If Cisco also does Internet access services, then when users access the Internet, Cisco can immediately recommend its own products, which is a perfect match!
At the same time, in order to crack down on AOL's Internet access service, Cisco's involvement in Internet access service is of great strategic significance!
It's different from AOL's petty, but also rent other people's network channel!
If you want to do it, you can do a big one!!!
Acquisition of network backbone network appears to be bull force!!!
Henry announced Cisco's plan to acquire the backbone network before the end of the meeting. Everyone raised their hands and praised it, but Ford Brooke was the only one with a bitter smile: isn't Cisco forcing AOL to die by doing so? Other people don't know about Henry. Can he not? Nicholas group and Isearch are all under his name
Now it's time to unite with Cisco to kill AOL. Ford Brooke is dying!
Nima, don't take such a bully!
Ford Brooke rushed back to Sequoia Capital, immediately reported the news to the board of directors, and also told Steve case.
However, AOL has no choice but to buy the backbone network of Cisco. They have nothing left to do, hoping Sequoia Capital can snipe it. But the sniping is completely contrary to Sequoia Capital's development strategy. They are venture capital companies, not technology companies. They snipe Cisco, and then buy a network backbone network. It's just thankless! Moreover, Sequoia Capital does not have so much money.
Although Sequoia Capital is powerful, it has invested a lot of enterprises, so it may not have a lot of money on hand. Unless it sells shares or borrows money, it has no money to buy the backbone network at all!
”On January 10, 1989, Cisco formally submitted its acquisition request to MCI company!”
Once the words were released, the United States was shocked again( Let's collect and vote. Please support during the new book period