Robin Li 94 Billion 800 Million Noble Person Behind His Body

Xu Yong met Robin Li when he just ran from the east to Silicon Valley, when Xu Yong was selling medicine at a pharmaceutical company, while Robin Li's wife Ma Dongmin was a sales member of another pharmaceutical company and met at a reception.

In Forbes's 2015 China rich list, Robin Li ranked eighth in his 15 billion 300 million dollar (94 billion 800 million yuan) position. However, behind his success, a man decided to start his business together with him to jointly seek VC financing to help Baidu grow up. He is Xu Yong!

Today, Baidu has become the largest Chinese search engine in the world. Its market value is as high as 58 billion 700 million dollars. According to Xu Yong's 7% stake in Baidu, its value is as high as 4 billion 100 million yuan (25 billion 400 million yuan).

In 1982, Xu Yong and Robin Li were students of Peking University, studied biology department of Peking University, completed master's degree in biology in 1989, won the doctorate scholarship from the Rockefeller foundation, went to the United States to study, completed doctoral degree in Texas A&M University, and then became a postdoctoral student.

During the 10 years in the United States, Xu Yong has worked as a senior sales manager for two famous high-tech companies (QIAGEN, Inc. and Stratagene), and has won an outstanding sales award.

Xu Yong met Robin Li when he just ran from the east to Silicon Valley, when Xu Yong was selling medicine at a pharmaceutical company, while Robin Li's wife Ma Dongmin was a sales member of another pharmaceutical company and met at a reception.

Although Xu Yong is a postdoctoral fellow in biology, he is very interested in the Internet and is interested in the whole mechanism of Silicon Valley.

In 1998, Robin Li published the Silicon Valley commercial war, and Xu Yong often talked to Robin Li about Silicon Valley and the Internet.

In 1998, Xu Yong decided to take a documentary about the history of American technological inventions "walking into Silicon Valley". When he met with Jerry, founder of Taiwan born YAHOO Jerry, he brought two friends to record: a Ma Dongmin sales representative and Ma Dongmin's husband Robin Li.

Xu Yong interviewed, Ma Dong min and Robin Li listened quietly, "I got some inspiration", ten years later, Xu Yong recalled, "I am sure Robin Li got inspiration from it, shocked a Chinese to create such a great company."

In 1999, Robin Li, who had just returned from the National Day ceremony, had no intention of going on with Infoseek again. He remembered his good friend Xu Yong.

One day in November, Xu Yong invited Robin Li to attend the premiere of "walking into Silicon Valley" at Stanford University. Robin Li then talked about Xu Yong for second days to discuss the importance of returning home to start a business.

In the afternoon of the second day of Silicon Valley's premiere, Xu Yong arrived at Robin Li's house to talk about the event.

Robin Li took out a confidentiality agreement. Xu Yong was somewhat surprised, but immediately became calm. Robin Li was accustomed to the American conversation style in Silicon Valley for two and a half years.

Xu Yong signed the confidentiality agreement.

Robin Li said, "let's make a home."

Company.

The two party, while eating, discussed their share in the Future Ltd, division of responsibilities, development plan and so on.

For these two dreamers in Silicon Valley, the agitation of entrepreneurship and the yearning for the future are as exciting as the eruption of volcanoes.

On the morning of November in Silicon Valley, autumn is like spring.

After a night's talk, the two people's beautiful new company plan has everything ready, only investment.

Their financing target is $1 million.

There are many investors in Silicon Valley. It is said that a leaf falls, and it always hits three VC.

However, this time the wind has changed, VC's taste is no longer a gateway, but e-commerce, in which business mode B2B is most popular.

Unexpectedly, there were three VC willing to invest in the technology company in this case.

These companies value the three concepts of their new company: China, technology and team.

Xu Yong turned down a reluctant VC, and the other two, the PeninsulaCapital and IntegrityPartners, said in his words that they were too enthusiastic to refuse.

These VC, of course not much money, no place to spend, that day before signing, a VC secretly to the room to call Infoseek William? Zhang, this Robin Li Zhen is very strong? William? Zhang told him that Robin in engine technology, in the world can be ranked three.

The two VC are even more interested. Some even want to vote alone. Xu Yong and Robin Li feel that the two families are investing better together, with a family of 600 thousand dollars.

This is to say to investors that it will take half a year's money. Robin Li has made a whole year's budget.

After signing the investment agreement, Xu Yongxian returned to the country and began to prepare for the establishment of the Baidu Inc. Robin Li stayed in Silicon Valley for some time to see his old friend and accompany his wife Ma Dongmin.

In January 2000,

And Xu Yong decided to rent two rooms at the resource hotel of Peking University, together with 1 accountants and 5 technicians, a total of 8 people, and set up a Baidu Inc.

After 9 months of Baidu's establishment, venture capitalist Dafeng Jie and IDG also invested $10 million in Baidu.

In 2001, Robin Li and Xu Yong decided to pform Baidu into an independent search engine website.

Ranking plan.

However, his proposal was unanimously opposed by shareholders: at this point, all of Baidu's revenue came from providing search technology services to portal sites.

If Baidu turns into an independent search engine website, those portals will no longer cooperate with Baidu, and Baidu's revenue will be gone; and the auction mode can not immediately make money, Baidu will only have a dead end.

But few of the two founders have identified things, especially in terms of Baidu's future development direction and big problems.

Eventually, investors agreed to pform Baidu into an end user search engine company. They said, "it's your attitude, not your argument, that moves us."

In December 2004, Xu Yong resigned from Baidu for Baidu's listing and financing.

In August 5th of next year, Xu Yong was invited by Robin Li to go to NASDAQ to witness the history of Baidu's listing.