Chapter 1033: 1033
Chapter 1033– Jensen Huang
After finalizing the details of Gbox’s cooperation with Bill Gates, Microsoft sent a team to evaluate Aiwa Little Tyrant’s asset . At the same time, Feng Yu returns to San Francisco .
Feng Yu is not going to San Francisco to meet Sergey . Instead, he is going to meet a Chinese man, Jensen Huang .
Santa Clara is a small city along with the San Francisco Bay Area . It is located in the center of Silicon Valley .
There is a small company in this city, and its small office is located not far from Google . Today, someone important will be visiting this company .
“Mr . Feng, nice to meet you . ” Huang Jensen said in mandarin . But his mandarin has a weird accent as he is a Taiwanese and had migrated to the US before he was ten .
“Nice to meet you too . Who are these two?” Feng Yu looks at the two Caucasians beside Huang Jensen .
“This is Chris, and this is Cutis . They are my partners . ”
“Hi . ” Feng Yu smiles as he shook their hands . These are all elites, and Feng Yu still need them to make money for him .
The two partners were surprised . They had never expected the World’s Second Richest man had visited their company and even shook hands with them .
When they worked with other companies in the past, those companies will normally send their number 3 or number 4 men to negotiate with them . All those companies had never thought highly of them .
But Jensen Huang told Chris and Cutis that this person in front of them was visiting them to tell them a piece of good news .
“Jensen, I am impressed with the three of you for setting up such a potential company . It is not easy . ”
“What we had achieved is nothing compared to you . ” Jensen Huang is not modest . Although he is not even 40 years old and is the co-founder and CEO of this company, compared to Feng Yu, he is indeed nothing .
“Hahaha… let’s not talk about all these . My assistant had mentioned it to you . Have you discussed it with your partners?” Feng Yu is glad to speak Mandarin overseas .
“Mr . Feng, your conditions are very attractive, and we are willing to accept . But we are unable to persuade those two Venture Capital companies, and they are pushing us to be listed . ” Jensen Huang replied .
When Jensen Huang and his other co-founders started this company, they accepted investments from two Venture Capital companies .
But now, Feng Yu wants to acquire his company and had promised to invest a significant amount of funds into the company . Jensen Huang and his co-founders will continue to manage the company, and Feng Yu will still reward them with the company’s shares based on their performance . This is a better deal than the Venture Capital Companies .
Also, Feng Yu is a Microsoft Director, and also the Chairman of Lenovo Group . Their company will have better development if they can work with either of these companies .
The three founders of this company discussed and felt they should accept Feng Yu’s offer . But when they speak to the two venture capital companies, they were rejected .
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Those two venture capital companies knew all the businesses Feng Yu invested are all profitable . Since Feng Yu wants to acquire this company, they will get much higher returns if this company is listed .
The venture capital companies do not want to accept Feng Yu’s investment as their shares will be diluted, and none of Feng Yu’s companies are listed . If the company is not going to get listed, they can’t recover their initial investments .
Feng Yu frowned . Companies that had accepted investments from venture capital companies will have a clause in their contracts to get the company listed within a timeframe .
Of course, these venture capital companies included this clause in their contracts to protect themselves .
Feng Yu understands why these two venture capital companies are doing this, but that does not mean he can accept it .
“Are those venture capital companies big companies?”
“Huh? No…, these two are small investment companies with assets less than 100 million USD . ” This is in comparison to Feng Yu’s company .
Feng Yu turns to Ralph, and Ralph immediately says . “Boss, I will contact them to buy the shares from them, and if necessary, we will acquire them . Huang, can you give me the contacts of these two companies?”
Feng Yu nodded . Ralph had worked for him for quite some time and knew what to do even when he did not say anything .
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Jensen Huang and his partners were shocked . Is this how the World’s Second Richest man does things? To acquire their company, he is willing to take over those two venture capital companies who own their company’s shares . ”
But Jensen Huang and his partners were overjoyed, as this shows the confidence Feng Yu has in their company .
If Feng Yu cannot acquire their company, he will most likely acquire 3dfx or Canada’s ATI Technologies . This will limit their company’s development, and their shares will plunge after they got listed .
“Mr . Feng, you will not be disappointed with us . Our 3D graphics processors will catch up with 3dfx and overtake Canada’s ATI Technologies!”
Currently, 3dfx is the best in the graphics card industry, followed by ATI Technologies . Both companies are about the same standard, and Jensen’s company is lagging behind them .
In terms of scale and strength, ATI Technologies had sold over 10 million graphics cards, and Jensen’s company had only sold slightly over 1 million .
“I trust you all, or else, I will not visit your company . The market value of your company is less than 100 million, and you all are trying to raise 300 million USD from the market to develop your new product . But 300 million USD is not enough . I will invest 500 million USD into the company and do not need to get listed . I believe you all will not disappoint me . ”
Jensen Huang and his partners are overjoyed . When Feng Yu’s assistant contacted them, they had not talked about the investment amount . But now, Feng Yu told them that he would invest 500 million USD for them to develop their new product .
Jensen Huang and his partners are confident that they can win those two companies and be the industry leader!
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“Good . After Ralph settled the shares issues with those two venture capital companies, the money will be transferred to the company . I still have something on, and you all can carry on with your work . ”
Jensen Huang and his partners walked Feng Yu out .
Feng Yu got into his car and looks at the signboard outside of the company . Nvidia!
Translator’s notes:
Santa Clara, California
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