Chapter 448 1998 NBA Draft 6
Jake had to be careful because first, he wanted to make friends with the two and make them understand that Jake was able to invest and also understood technology, Jake didn't need to meet Larry Page and Sergey Brin many times because next year he could do the investment and become their partner.
Of course, even though Jake planned it all out calmly and just talked to Larry Page and Sergey Brin, the two could never imagine that Jake knew what would happen in the future and was just waiting for them to try to sell the company to invest.
Naturally, Larry Page and Sergey Brin did not expect Jake to know their company and just hoped that Jake was looking for opportunities to invest, but they were looking for an investor now that their company was starting.
The truth was that Jake always saved a few million dollars thinking about making this investment that he knew would be more important in the future than investing in shares of the company Cisco, it was the same when he decided to invest in the company Amazon.
After getting this investment, Jake would no longer have to worry about saving money, especially since he would start receiving money from his NBA contract and sponsorships that would give him over 16 million dollars a year.
Especially since the year 2000 was approaching and Jake could sell his shares of the company Cisco and would have a few billion dollars to receive after that Jake would not have to worry about making any more investments.
Of course, Jake still intended to make some millionaire investments that he knew would make a profit just to keep his investment company and maintain his employees' and Emily's salaries.
Emily was already receiving a salary of hundreds of thousands of dollars a year and Jake intended to further increase her salary after he sold his shares in the Cisco company, she was always by his side helping him with all his investments and would always be she wanted to continue working with him.
So Jake would hire Haruto who was his friend at the university, so Emily would have fewer responsibilities and be less stressed about her responsibilities, Jake had intended to give her some well-deserved vacations for some years.
So the other day Jake went to the restaurant to meet Larry Page and Sergey Brin, the two had arrived before him at the restaurant and had some reports that could be from their company.
"Good afternoon, my name is Jake Smith and I asked you to meet with the two of you."
"Yes, Mr. Smith, it is a pleasure to meet you, they called us from the university and said that you wanted to talk to us, could I ask what it would be about?"
"I heard you were doing a doctorate at Stanford University, I have a technology company that has Stanford University students as its main developers."
"So knowing how great they are at computing, I was curious when I found out, did you create a company based on your research project?"
Larry Page and Sergey Brin were surprised when Jake appeared in front of them when they heard that the head of one of the most important students at Stanford University and that he was a major investor wanted to speak to them, both thought it was an excellent opportunity.
But seeing how young Jake was if they didn't know the information that he was an investor before they probably wouldn't believe it, even if Jake was really wealthy and wanted to invest they just needed money and an investor who didn't get involved in the development of their company.
What happened was that as Larry Page and Sergey Brin were very busy with the university and their company, they didn't keep up with the news and sports and didn't know who Jake was, if they knew he was an athlete who won a gold medal and several marathons and was an NBA player they would not be surprised that Jake was so young.
Jake also didn't want to explain who he was and didn't intend to invest after this conversation with them, he just wanted to make friends with them and show that he was interested in the company, so after they tried to sell the company they wouldn't be surprised that Jake invested a few million dollars suddenly.
Jake wanted to guarantee making an investment of $ 1 million to earn a percentage of the company that was developing now, but he feared that it would change the future a lot if he made that investment and Larry Page and Sergey Brin might not think about selling the company for Excite CEO George Bell for $ 1 million.
If that happened, Jake could miss the investment opportunity and could own more than 25 percent of the company without changing the company's future too much, after all, Larry Page and Sergey Brin would get a few millions of dollar investments a few months after failing to sell the company for George Bell.
"Yes, Mr. Smith, we have a company whose main product is a search engine, it is a search algorithm in which when you type something to search the internet it shows the most searched and accessed sites and the most used search words."
"It is based on the PageRank algorithm that we created, and we realized that this search engine based on PageRank produces better results than the existing techniques."
"We are against the use of advertising pop-ups on a search engine and we think that after we have more active users on our website we can create several methods to earn revenue even without using pop-ups."
After that, the conversation continued and the two said several things that were important to explain the use of the search site that Jake actually knew better than they did, then Jake said some opinions of him about the search site that he had studied in the future that very impressed Larry Page and Sergey Brin.
"I was really impressed with your company and the proposal you have for the internet, as you know I am investing in an electronic product development company and I have invested in some technology companies."
"But probably next year I can invest in your company if the site shows better results, I cannot make a promise, but I will look for you when I decide to make the investment."
When Jake said that Larry Page and Sergey Brin thought for sure that Jake had decided not to invest in their company and they were upset about it, of course, if Jake really wanted to invest he would give some time or say some amount to make a commitment.
But Jake was happy with this conversation and if the future didn't change he could make his investment next year and thus secure another society that would be worth billions of dollars to him in the future.
Jake was also sure that if they ever saw him in the newspapers or on television they would recognize him and at the next meeting they would know exactly who he was, Jake knew that they had received an investment from Jeff Bezos and so it would be easier for him to negotiate when he revealed that he was an Amazon partner.
After talking to Larry Page and Sergey Brin, Jake said goodbye to Charlie and traveled to Los Angeles, soon Jake would have to come to Los Angeles again to start training, so he wanted to buy the house now so he could stay home with his mother until the Los Angeles Lakers team called him.
Jake had a house in Miami that was actually the house that Jake gave to his mother, but Eva didn't accept it so Jake didn't tell her that that house was hers, so Jake thought that this house in Los Angeles would be the first house of himself that he would buy.
Jake received, after signing the sponsorship contracts, the annual value of all the companies, so Jake received 14 million dollars, David Falk received 1.4 million commission and thus Jake got 12.6 million dollars.
With more money that Jake had already saved after making the investments he had $ 43 million in the bank, thinking about the investment he would have to make next year in the Google company, Jake still had a lot of money that he could finally use as he wanted.
So he spent two days looking for a mansion for him in Los Angeles in upscale neighborhoods, Jake didn't think it would be a bad investment even if he happened to not be in Los Angeles too long because he could change teams.
After all, in the future, he knew that because of inflation and other things, real estate would appreciate more than 100 percent in value, so it was a good investment even if Jake wasn't going to use the house in the future.
Jake hired a real estate agent just to close the house deal and show him the houses he wanted, the real estate agent happily knew Jake and knew he would play for the Los Angeles Lakers team.
As the agent was a fan of the Los Angeles Lakers team he thought that since Jake was buying a house in Los Angeles it meant that he intended to play for many years on the Los Angeles Lakers team.
As the agent knew Jake was rich he had no hesitation in taking Jake to the neighborhoods with the most luxurious mansions in the city just as Jake had asked, he knew that players liked to spend millions of dollars buying houses when they started playing in the NBA.
"Mr. Smith, we have several wonderful houses that are for sale in several upscale neighborhoods in Los Angeles, I will show you these mansions first and if you don't want to I can show you the mansions that are not for sale, but then you will have to pay much more for them."
What the real estate agent wanted to say to Jake was that there was no house that wasn't for sale, he just had to offer a lot more for the real price that the house was worth to buy it, many rich people didn't like to hear that they couldn't buy one House.