"What? You mean to sell all the Yahoo shares held by KY Investment Fund? Boss, is this a good idea? In order to obtain Yahoo's angel round investment, we promised David Filo and Jerry Young a lot of good conditions. Later, we continued to buy Yahoo shares, but now we have to suddenly sell them all. It's a pity." Henry Williams stood up excitedly. Obviously, he was very resistant to the order given by Yang Jing.

It is no wonder that Henry resisted this order. It was not easy to obtain Yahoo's angel round investment in the first place.

Under the guidance of Yang Jing, Henry, who had just joined KY Investment Fund, began to establish "Acate" Capital. This investment institution is a venture capital fund established by KY Investment Fund specifically for the Internet market. It is a wholly-owned second-level subsidiary of KY Investment Fund.

However, like its parent company KY Investment Fund, Akate Capital, which has abundant funds, is unknown in the industry, and almost no one knows that there is such a huge crocodile hidden in the financial world. The reason for this situation is mainly due to Yang Jing's mandatory order.

At first, Henry and his friends didn't understand why their boss insisted on keeping his achievements and fame hidden. Whether it was KY Investment Fund, Pacific Capital or Atlantic Capital, they were all powerful entities in the international financial world. Once their true identities were exposed, big investment banks such as Tiger Fund, Quantum Fund, Goldman Sachs, Salomon Brothers, Lehman Brothers, Bear Stearns and Merrill Lynch would have to look up to these three giants at a 45-degree angle.

This is absolutely beyond doubt. Whether it is KY Investment Fund, Atlantic Capital or Pacific Capital, they are all giants among giants. The so-called international hot money refers to this kind of giant hidden under the water. It is definitely an existence that no large consortium is willing to provoke easily, and it is also an existence that any investment bank or fund needs to look up to.

The same is true for Akate Capital. In fact, Akate Capital is at the same level as Pacific Capital and Atlantic Capital, and they are all wholly-owned second-tier subsidiaries of KY Investment Fund.

From the beginning, Acate Capital was a venture capital company that specialized in IT industry. After Acate Capital was established, Yang Jing authorized Henry to transfer all IT industry shares controlled by Dragon Fund to Acate Capital, including Microsoft, Oracle, Cisco, Dell, IBM, ATT, Qualcomm, Intel, Nvidia, Motorola, Nokia...

After its establishment, Akart Capital, in addition to acquiring stocks in the IT industry, has also been integrated into many well-known investment institutions, such as the famous Sequoia Capital, in which nearly 40% of the shares are controlled by Akart Capital.

At the beginning, Acate Capital took the initiative to contact Jerry Yang and David Filo, but because Acate Capital had no reputation at all, Acate Capital wanted to make an angel round investment in Yahoo, but was rejected by Jerry Yang and David Filo.

Later, in early 1995, Jerry Yang and David Filo approached Sequoia Capital, hoping that Sequoia Capital would invest in Yahoo. However, Mike Moritz, one of the partners of Sequoia Capital, was a little hesitant after hearing Jerry Yang's introduction to Yahoo, because Yahoo was too different. Yahoo was different from Netscape. Yahoo itself only "provided services on the Internet", and it was free. So where was the profit point? Moritz could not see the profit point of Yahoo, so he was naturally hesitant.

The news that Jerry Yang took the initiative to approach Sequoia Capital for angel round financing was naturally known to Acate Capital at the first time. So Christopher Mendes, who was in charge of Acate Capital and a younger successor that old Mike was very optimistic about, immediately found Moritz and proposed that Acate Capital take over Sequoia Capital's angel round investment in Yahoo. Of course, in name it was still Sequoia Capital that made the angel round investment in Yahoo.

Acate Capital is the largest partner of Sequoia Capital, so Moritz naturally could not refuse this request, so Sequoia Capital finally made an angel round investment in Yahoo - two million US dollars!

Acate Capital spent so much effort on just an angel round of investment, and now Henry is unwilling to sell all the Yahoo shares he acquired with so much effort.

The most important thing is that although Henry saw the bubble in the Internet market and firmly believed that this bubble would burst, what kind of company is Yahoo? It is currently the number one Internet company in the Internet market! Especially in January just past, Yahoo’s stock price once broke through the $500 per share mark, and Yahoo’s market value at that time was as high as $128 billion!

The Yahoo shares that Acate Capital invested $2 million in five years ago were worth more than $25 billion in January!

Although Yahoo's stock price has fallen this month, it is still favored by all investors. It would be a pity to sell Yahoo's shares at this time.

"Moreover, we now hold a lot of Yahoo shares. If we really announce a reduction in Yahoo shares, it will cause market panic." Henry was still trying to persuade Yang Jing. After all, blue chip stocks like Yahoo are really rare.

Henry's words made sense. Since the rise of the Internet market, Yahoo has always been the leader of this emerging market. In terms of popularity, those old IT companies cannot compare with this magical Yahoo. Although the market value of old IT companies such as Microsoft, Cisco, and Oracle is higher, in terms of market popularity, Yahoo can leave them half the Pacific Ocean behind.

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