My Age of Investment

  Chapter 382 The martyrs are in their twilight years and are full of heart (seeking monthly ticket)

  Pleasanton, which means Joy City, is the richest medium-sized city in the United States. It is located outside the San Francisco Bay Area, 40 kilometers from Silicon Valley.

  The car was driving on the road from Silicon Valley to Joy City. Xia Jingxing closed the document in his hand and looked out the window.

   has entered the city at this time, and there are row upon row of dining, shopping, and leisure centers on both sides of the road, and the community is clean and tidy.

  From the perspective of livability, Joy City is undoubtedly a good place to stay away from the increasingly congested and noisy Silicon Valley and San Francisco Bay Area.

The headquarters of PeopleSoft is located in this city.

  After his two founders were kicked out of the company, the re-founded workday company is also located here.

  Xia Jingxing didn’t know if the two really liked this small town and couldn’t live without it, or said they were deliberately disgusting Oracle.

  Because there is nothing better than developing and growing under Oracle's nose, and you can feel bad in your chest.

  After Oracle acquired PeopleSoft, it laid off 5,000 employees in this company with 11,000 employees within one month.

  On business cruelty, Larry Ellison is still ranked. The entire history of Oracle's development is a history of mergers and acquisitions. Hundreds of companies have been acquired before and after.

  Every acquired company is layoffs, cleansing, integration, thorough integration... repeat a whole set of processes.

  PeopleSoft is no exception. The two founders and protégés were all driven out.

After the establishment of   Workday, it has been recruiting and absorbing these old PeopleSoft employees who were laid off by Oracle.

  This is also an important reason why the company’s cash flow is in a hurry on weekdays. The product has not yet been a big success, but the employees who eat idle meals have recruited a large number of employees, which has formed a heavy financial burden on the company.

  For these small actions of the two founders, Oracle is naturally looking at them.

  In addition to suppressing the workdays of new students with low-price strategies in the sales market, there is also constant noise in the venture capital market to obstruct workday financing.

  Before departure, Xia Jingxing asked Lichun Fund employees to collect a lot of information about the working day.

  He had read it carefully just now on the road.

  The business situation is much more bleak than Lin Yaocheng described.

  In particular, Larry Ellison has already spoken to the market: whoever helps the workday is the enemy of Oracle.

  Larry Ellison ranked ninth in the world on the "Forbes Global Rich List" released in March, with a net worth of 18.4 billion U.S. dollars!

  With the other party’s status in the arena, combined with his rebellious and retributable character, many investment institutions are afraid to get rid of the bad luck, for fear of enmity with this wealthy man.

  Of course, this is also because the current potential of the working day is not attractive enough, the business is bleak, and the street looks like.

  In the eyes of many investment institutions, it is not worth fighting for it.

  If there is Facebook’s unparalleled momentum of development, it’s another story.

  The car slowly stopped in front of a six-story office building. Zhang Chenguang trot around the front of the car and opened the door. Xia Jingxing walked out of the car.

  Looking at the house number, Xia Jingxing dialed the number of founder Duffield on weekdays.

  After a while, an old white man with silver hair and a middle-aged man with brown skin appeared downstairs.

  "Hello Darren, this is Duffield."

  The old white man took the lead and stepped forward to shake hands with Xia Jingxing.

  Xia Jingxing shook hands with the old man while looking at each other.

  This old man is 65 years old, and he has already reached the age when he should be able to take care of him.

  As the founder of PeopleSoft, he was allocated 600 million US dollars in the 10.3 billion US company acquisition, and he was financially free.

  But this old man is a well-known workaholic, loves tossing, and now he is starting a business again, and he is determined to have a fight with Oracle!

  It's not an exaggeration to describe it as "martyrs are in their twilight years, and they are full of enthusiasm"!

  By the time the listing strikes the bell, the old man is already in his seventies and has become a legend of a generation of entrepreneurs.

   has also inspired countless young entrepreneurs. Old men who are half of their bodies can make a comeback. What qualifications do young people have, whether they can go or work hard?

  And another brown-skinned Indian middle-aged Busri is the former vice chairman of PeopleSoft, and is now a partner, working day founder and co-CEO of Graylock Ventures.

   Of the two, Duffield is still the leader, and the old man is also the chairman of the working day company.

   Fortunately, there has already been a call-in hall in the United States. Xia Jingxing didn’t need to introduce himself and Vision Capital too much, and the two did not ask much.

  Perhaps when Lin Yaocheng conveyed his investment intentions, he had already introduced himself ceremoniously.

  Xia Jingxing conjectured, this is a high probability.

After a few words of greeting, the two greeted Xia Jingxing and went upstairs.

  Although the company has only been established in just a few months, Xia Jingxing saw the densely packed workstations, apparently as described in the information, almost becoming a refuge for PeopleSoft's laid-off employees.

  Glance at the flowers, Xia Jingxing soon had a plan in mind.

  Dufield took Xia Jingxing to the meeting room, and asked the employees to make two cups of tea, and handed them to Xia Jingxing and Zhang Chenguang, who was sitting next to him.

  Xia Jingxing also did not expect that the other company, which was only a few months old, would actually have tea.

  The large American companies occasionally receive Chinese customers. It is not surprising that they have tea, but it is still a bit surprising to appear in a start-up company.

   Seeing Xia Jingxing’s surprise, Duffield smiled, “The purpose of the workday is that customers and partners are first, and the company is second.

  When PeopleSoft opened a branch in China a few years ago, I went to China and knew that Chinese people like to drink tea.

  I heard from "Lin" yesterday that if you want to come over, I will ask the staff to go to the nearby Chinese city to buy tea.

  Time is in a hurry, so I just buy it casually, I hope you like Darren. "

  The old man’s remarks did give Xia Jingxing a lot of affection.

  The other side has been in the mall for decades, and it does have two hands when dealing with people and things.

  But with this alone, I want to get the investment money lightly, which is obviously impossible, at most it adds a little impression point.

   Really talked about business, and he would not be softened by it.

Xia Jingxing smiled and thanked the other party for being so sincere.

  I took another sip of the tea. The tea taste is actually average, but I even claimed to like the tea in my mouth.

  Duffield smiled and said, "Dylan, then I will introduce you to the workday company first."

  Xia Jingxing nodded, put down the brand-new blue and white porcelain teacup, and looked respectful.

  "Before you came, you might have investigated PeopleSoft and our team.

  Today's workday company still intends to continue PeopleSoft's entrepreneurial direction and continue to deepen its human resource services.

  Currently, the first product we plan to launch can not only analyze employee costs, but also manage employee salaries..."

  Dufield gave a brief introduction, beckoned, and made Busri hand over a piece of paper.

  Xia Jingxing took a look, and the confidentiality agreement was a basic operation.

  After reading the documents carefully, Xia Jingxing signed her name.

  Seeing Xia Jingxing’s question, he didn’t ask a single question, and he checked and signed it directly. The smile on Duffield’s face was three-pointers thick.

  Originally, he was worried that Envision Capital, as a new investment institution, was not so professional. Now he can put his heart in his stomach.

  Next, Duffield asked his partner Bliss to move a computer and gave Xia Jingxing a detailed demonstration of their human resources software.

  Although the old man once served as the CEO of a tens of billions of dollars in market capitalization, he didn’t show much at this time, just like an ordinary entrepreneur, talking about his business plan.

  Busri looked at this scene: a silver-haired, sixty-year-old entrepreneur is very attentive, introducing his product to an investor in his early twenties and a black-haired investor.

  His eyes are a bit complicated, and it feels like the character has been reversed.

  But who told people to achieve great success in business at a young age?

  Dufield, who is in his sixties, doesn't feel embarrassed. What's so embarrassing for him in his early forties?

  So he quickly abandoned the discomfort in his heart and participated in the discussion between the two.

  (End of this chapter)