The God of Coding, Becoming an IT Conglomerate

11. investment agreement

Eric said he would contact Dell Computer as soon as he got back to the office, and got up first.

As soon as I heard the result from Dell Computer, I decided to contact the hotel where Hoyoung was staying.

After Eric left, Smith, who had stayed behind so that Eric and Hoyoung could talk, finally opened his mouth.

“Now. So, are you done with today’s business?”

“Yes. As long as I can solve my business in Austin, I’m done with my work in America.”

“I see. Do you have any personal contact information for me Mr. Yoon?”

“For now, I’ll give you my Korean contact information.”

Hoyeong wrote down the phone number of the boarding house on a note.

In fact, Smith wasn’t just doing Ho-young a favor because he was happy with the big pay.

Even though they had only been together for a day, he thought that Hoyoung was not an ordinary person.

‘I’m sure we’ll meet again in the near future or we’ll be known widely.’

And so far, Smith’s hunch has been fairly successful.

That’s why I wanted to maintain a relationship with Hoyoung.

“Then I had fun today. I don’t know how long it’s been since I’ve had such a fun and busy job.”

“I am also grateful for the help I received today. It made my work easier and I was able to meet good investment experts.”

“If you need help again, please call me.”

Hoyoung sincerely greeted Smith, and the two parted with a warm handshake.

“I think things went well?”

Miru, who was sitting at another table in the cafe, approached Hoyoung with a smile on her face and spoke to him in Korean.

“Yes. It ended well as desired.”

“I’m glad. Then what’s your next schedule?”

“I don’t have any other plans for today. I’m going back to the hotel right away. But what about Brian?”

It was Brian who stood out because of his large, muscular body, but when he looked around, he could not see him.

“Brian was away for a while because he had business at the branch. I’ll take you to the hotel.”

“Yes. Please.”

Hoyoung rode in the front passenger seat instead of the back seat he always used to ride.

It was because the front seat was empty and it was awkward to ride in the back.

“How did you come to immigrate to the United States?”

“My father was an American. He met my mother when he came to Korea as an American soldier.”

“Ah, did you?”

“When I was young, I lived with my father. However, when I entered elementary school, my father was reassigned to the United States. While my father was going through the formalities to bring my mother and me to the United States, my mother died of illness right away. I had no relatives, so I ended up in an orphanage, and from then on, I lost contact with my father. After living in Korea like that, I finally got in touch with him two years ago and came over here.”

Miru’s brow narrowed slightly as she spoke.

It seemed like he was telling a story he didn’t want to remember.

“If it’s painful, you don’t have to say it…”

“It’s been a while since I spoke Korean, so the words come out easily.”

“Then, how is the chief chunbu now?”

“No. He’s dead.”

“yes?”

“They said they had been looking for me all their lives, and just before they died at the end of liver cancer, they said they found it. Haha…”

Hoyoung couldn’t say what to say next.

“Never mind, though. It’s in the past, and I’m happily enjoying my life here.”

Miru’s expression looked genuinely bright when he glanced at it.

“Then do you have any desire to go back to Korea?”

“Sometimes, I suddenly want to go back. I am a foreigner here. In fact, I have not yet obtained a permanent residence permit, so I can return to Korea as long as I withdraw my immigration application. I have not given up my citizenship.”

Miru said with a smile as if talking to someone else.

Thanks to Miru’s cheerful words, the heavy atmosphere was ventilated a little.

Thanks to Brian’s unintentional absence, we talked a little about the procrastination.

Was it because I was able to communicate in the language of my motherland after a long time? When Miru talked to Hoyeong, she felt comfortable.

“Now… Just two more blocks from here, you’ll arrive at the hotel. You’re not leaving your room today, are you?”

The sun was already setting outside.

“Yes. Please do the same thing tomorrow morning. I’m leaving for Austin by plane tomorrow at 11:00. I’ve also bought tickets for Brian and Miru. Are you going with Miru?”

“Yes. I will go with you.”

Hoyeong, who sent Miru in front of the hotel, happily went up to her room.

And two hours later, I got a better call from Eric.

“Tomorrow at 3pm. Can we go to headquarters in Round Rock?”

– Yes, that’s right. But can we really send investment proposals this way?

“yes. Exactly. Any problems?”

– There are no problems with the proposal. but···.

“but?”

– I have more than 10 years of experience, but I have never seen a proposal like this.

Hoyeong, who wondered if there was a big problem, let out a sigh of relief.

“It was my intention on purpose, so please put it as it is.”

– Yep. Okay.

Hoyeong went back to her room and took a rest.

.

The next day, Hoyoung and Miru and Brian boarded a plane and arrived in Austin.

“The place I need to go from here is the Dell Computer in Round Rock?”

Brian asked while renting a car from Miruga Airport.

“Yes. When I meet Michael Dell, my schedule in the United States is over.”

“Who is that person?”

“The person I’m meeting is a bit of an eccentric, but you could say he’s a gifted businessman. He started making money in the postage stamp business when he was only 13 years old, went to Texas Medical School, but dropped out after just one year.”

“Texas Medical School?”

It was natural for Brian to be surprised, as Texas State University’s medical school was one of the most prestigious universities in the world.

“Haha, it’s true. At that time, his father asked what he was going to do. Do you know what he said?”

“What will I do after dropping out of medical school?”

“They said they would compete with IBM. This is a story from several years ago.”

IBM was the world’s leading computer company at the time.

It was a company that even Brian, who was unfamiliar with computers, was familiar with.

While chatting, Miru drove the car.

Hoyoung finally left to meet Michael Dell, whom he had been looking forward to.

.

.

.

Michael Dell.

He was a man who never failed.

Since childhood, he has been on a winning streak.

When he was only 13 years old, he bought and sold postage stamps, a then unthinkable mail order method, and made $2,000 in a few months.

After that, during summer vacation at the age of 16, he got a part-time job to attract subscribers to the Texas local newspaper ‘Houston Post’ and showed tremendous results in the marketing field.

At that time, newspaper companies solicited customers by knocking on doors at random to promote newspaper subscriptions.

However, Dell took a strategy to target newcomers by going around the courthouse to obtain a list of recent marriage registrations and a list of people who had taken out a home purchase loan by going around banks. It earned $8,000 in income.

After that, he went to medical school at the recommendation of his father, who was a doctor, but Dell was more interested in computers than medical school studies.

In particular, after purchasing and assembling computer parts separately, they began to sell them at a low price. At that time, more and more people were buying computers from Dell at a price that was 20% cheaper than that of major brands such as IBM and HP.

In 1984, after dropping out of medical school after one year, he established a company called ‘PC’s Limited’, and the company was gradually growing.

And as of 1988, Dell was in deep trouble.

“It’s clear that this is a time for explosive growth for the company.”

Dell felt with his whole body that right now is the time of opportunity in the flow of the times.

So he changed the company’s name from ‘PC’s Limited’ to ‘Dell Computer’, named after himself.

But the company needed a lot of money to grow.

Dell stared at the strange investment proposal on his desk, where the last of the five clauses was blank.

“If this proposal is true, we don’t have to go public right now…”

He first thought of going public as a driving force to rapidly grow the company.

The IPO manager said that he could attract $30 million in investment under the assumption that he would sell 70% of his current stocks when going public through the IPO.

But he didn’t want to diversify the stock just yet.

Now, the shareholders who want to buy the stock are friendly, so there will be no big problem with management rights, but it was obvious that he would one day reveal his claws, aiming for his company, which is only 24 years old.

– boss. A guest has arrived. Mr. from Korea. My name is Yoon.”

“Please upload it.”

Del, lost in thought, heard the secretary’s intercom and suddenly came to his senses.

A few minutes later, the door opened and Hoyoung entered through the open door.

Del looked at Hoyoung’s appearance and tried to figure him out.

Asians look incredibly young.

However, it was a relaxed attitude that did not suit him.

“Hello. This is Michael Dell.”

“This is Yun Ho-young.”

‘This person is of the same type as me.’

Dell intuitively sensed that Hoyoung was by no means an ignorant investor.

He seemed to be a person who could grasp the trend of the times like himself and be able to utilize it.

And when Dell first started his business, he was 20 years old.

Thanks to that, there was no bad habit of evaluating others by age.

“Have you read the investment proposal?”

“Yes. I checked carefully.”

Normally, such a story should be shared with a lawyer or investment expert, but Hoyoung deliberately asked for a private meeting.

“I’m thinking of holding that proposal as a standard and discussing it to some extent. What do you think?”

“Let’s double check the contents of the proposal together.”

“Please.”

Hoyeong leaned against the sofa for entertainment.

The sofa was not a very high-end product.

It was a common product that could be purchased at Walmart for only $200.

I could feel Dell’s preference for rationality and efficiency first.

“First, the investment amount. You want to invest $25 million in our company?”

“Yes. I think that’s the amount of initial investment.”

“Then the next clause.”

Dell said in a trembling voice.

All he needed was $30 million, but even $25 million was enough money if managed properly.

“Second, I want a 49.9% stake in the current stock in exchange for $25 million.”

“Exactly.”

It was well above the $30 million 70% offered by the organizers of the IPO.

Del swallowed a gulp before reading the third out loud.

“Third, we do not exercise any rights, including voting rights, for the 49.9% of the stocks we own.”

“Because I’m just an investor, and I think it’s entirely the CEO’s job to run a business.”

When he first read this part, Dell wondered if someone was playing a joke.

A major shareholder who does not exercise sovereignty.

It was an investor that anyone in business would welcome with open arms.

“Fourth, when you want to sell stocks later, first go through takeover negotiations and then sell them on the market. First of all, during takeover negotiations, the stock price is set at 130% of the market price.”

In the future, if Hoyoung wants to see a profit from the stock price, he must sell the stock unconditionally.

At that time, no one could know whether the person who bought the stock from Ho-young was a shareholder friendly to Dell.

But what if you could repurchase a huge amount of stock back?

There will be nothing that strengthens management rights as much as that.

Priority investment methods that include an acquisition clause have often been used in the past.

However, the price was usually 200% of the market price, and even 300% in severe cases.

If it was 130%, it was nothing.

If he refused this proposal, he would have nothing to say even if he went down in history as an idiot.

“So, Dell, what do you think of proposals 1 through 4?”

Hoyoung always had a relaxed attitude.

When Eric first saw this proposal, he asked if the terms were too favorable for Dell.

‘That’s because I don’t know how much the share price will jump when Dell goes public next year’

But Hoyoung knows the future.

Michael Dell in front of you will become one of the richest people in the world in just a few years.

And if this contract was concluded, Hoyoung could become almost as rich as Del.

“I actually had my doubts about this offer.”

Dell, who had pondered for a long time, finally spoke up.

“Doubt?”

“I couldn’t believe it because you offered such good conditions. Haha. I will accept the investment offer 100%.”

Del burst into laughter as if his tension had eased and was about to shake Hoyoung’s hand.

However, Hoyoung did not have the heart to shake hands yet.

He had one final offer more important than stock.

“I’m glad you’re happy. But before we stamp it, let’s talk about the last clause of the proposal.”

At Hoyoung’s words, Del’s impression hardened slightly and then loosened.

“Your last part is blank. What clause did you leave it blank for?”

Instead of answering, Hoyeong took out a wad of paper from her bag.

“Me and my team are building a computer operating system.”

“Your computer operating system? OS?”

“That’s right. When the operating system is completed in the future, I hope that my operating system will be installed and sold instead of DOS.”

On the wad of paper, [Proposal for next-generation operating system (tentative title) delivery] was written in large letters.