He is Already a Tycoon at a Young Age! - Chapter 70



Only Noblemtl

#070

May 1, 1994, Office of the CEO of Pacific Investment Corporation, USA, New York, USA.

After passing the high school equivalency exam with a perfect score last April, I immediately decided to go to the United States and came to New York, where the US Pacific Investment Corporation, which I had previously established with investment manager Ham Dae-gil, is located.

‘My plan is.’

This September, I will pass the high school equivalency exam with a perfect score, take the US college entrance exam, enroll in Harvard, graduate early within two years, and return to South Korea before 1997. And during those three years, I will invest properly in the IT boom that will hit the US and maximize my profits.

‘Let’s establish Amazon ourselves.’

And let’s invest properly in the remaining companies to secure as many shares as possible.

[You can transfer the $1 billion secured by selling the aircraft carrier to the US Pacific Investment Corporation account.]

[Are you going to America?]

[Yes, I plan to go to the US, enroll in Harvard, graduate early within two years, and enter the US IT industry.]

[Jisung, you always seem so great.]

I couldn’t help but recall what I had said to my second uncle, the president of Youngsilup.

Anyway, $1 billion was deposited into the US Pacific Investment Corporation, and that is the capital for the US investment business.

“James.”

When I called James, he looked at me and said he was the CEO of Pacific Investment Corporation in the United States.

He also couldn’t hide his surprise when he first saw me and saw my young appearance. However, after talking with me for about an hour, he became even more surprised by me and acknowledged me, saying that geniuses are different.

“Yes, Little Boss.”

In America, a person in charge is called a boss.

And when James started calling me Little Boss, all the executives and staff at Pacific Investment Corporation in the US started calling me Little Boss, and my title became Little Boss.

“As Little Boss said a few days ago, I also think that the dot-com boom will hit the US.”

“That’s right, the U.S. needs to develop new industries to maintain its position as the world’s number one economy. So I analyzed that the U.S. government will actively invest in industries centered around the Internet.”

“Yes, I am confident that it will happen, so I am exploring investment areas in various directions accordingly.”

The important thing here is that crazes are accompanied by bubbles.

Also, I think that an economic bubble is not a bubble until it bursts. So, when the dot-com boom is inflated, I think I will secure more capital through investment, and when the dot-com bubble bursts, I will become huge through another profit maximization.

‘If I shake my hand right before it explodes, I’m the winner.’

It’s so easy for me, who knows the future.

The most important thing in the economy is information. The stock market is a place where people pay hundreds of millions of dollars to get a single line of information. It is a fight that I, who know the future, can never lose.

Anyway, starting in 1995, the US, Japan, and Korea began to experience economic boom under different names, the dot-com boom and the IT boom.

‘With rude language.’

There was a time when people said that if you started a company by simply adding .com to your website address, the value of your company would skyrocket.

“So?”

“Little Boss, I think you should invest in online e-commerce. How about investing in a company that has not yet gone public rather than a listed company?”

As expected, the translucent personal statement floating above his head never showed any falsehood.

“That’s a good direction, because eventually the Internet will become active and offline markets will move to online markets accordingly. So?”

“First, I would like to open a large-scale auction site.”

“Did you say it was an auction site?”

eBay is still in its infancy.

‘It was founded in 1995, if I remember correctly.’

I’m exactly one year ahead.

“Yes, it allows anyone to list their items on an auction site and sell them.”

“That’s a good idea. Let’s start with free, and then once we have secured members, we can switch to paid.”

“That’s right. I think you should just instruct your IT engineers to develop the program.”

I nodded at James’ words.

“Okay. Let’s scout IT engineers and develop an online e-commerce payment program and open an auction site.”

“Yes, I understand, Little Boss.”

‘If this happens, I will eBay.’

It will be established under a different name.

‘And the eBay I know!’

It is a multinational e-commerce company headquartered in the United States.

It facilitates consumer-to-consumer and business-to-consumer sales on the eBay website and collects commissions.

‘The myth of the dot-com bubble with Amazon.’

To be more precise, we should say that it is a success story.

Anyway, eBay.com operates to enable individuals and businesses around the world to buy and sell a wide variety of goods and services.

‘Lure with freebies and don’t force you to pay.’

All businesses are like that.

The key here is to develop an online e-commerce proxy payment service program as quickly as possible.

“What should I name the site I’m establishing?”

James asked me.

“Obviously, it’s Pacific.com. We need to make it known that we catch all the things consumers want in the Pacific like fish.”

“Yes, I understand.”

Representative James answered immediately.

Now the eBay I know will disappear, and Pacific.com will be born.

* * *

October 12, 1994, Office of the CEO of Pacific Investment Corporation, USA, New York, USA.

At James’ suggestion, Pacific.com was established and it took three months for him to develop an online commerce service program. At the same time, he also completed the development of an online agency payment service program.

It has been three days since Pacific.com officially launched its services.

‘Time really flies.’

While CEO James was establishing Pacific.com in the US, I had to go to South Korea once.

Of course, I passed the high school equivalency exam with a perfect score. Now, all I have to do is prepare for the exam to enter an American university.

“Little Boss, the first item sold on Pacific.com was a laser pointer.”

“is it so?”

“Why are you so surprised?”

It’s no wonder I’m surprised.

‘The steps of Pacific.com.’

Because it’s like eBay. Of course, I can’t tell anyone that.

“No. I was a little surprised because it’s not something I use on a daily basis.”

“Yes, I was actually surprised. And I also learned something new.”

“What is that?”

“The first laser pointer I sold was surprisingly broken. However, the deal was made and the price was $15. The price was so high that I emailed the buyer directly to ask why he was selling it. The buyer emailed me and said he was a laser pointer collector.”

“okay.”

“It seems like a solid business.”

“I think so too. So we need to improve the convenience of the site so that members can upload items to the site more easily.”

“Yes, I have given instructions on that part as well.”

It’s James smiling at me.

“And if Pacific.com becomes active in this state, it would be a good idea to prepare for listing.”

“Are you ready to list already?”

“Yes, there is a good chance of success. So I think we should start preparing in advance from now.”

“Representative James, please take care of that part as well.”

“Yes, I understand, Little Boss.”

This would mean I would own Pacific.com, which is exactly the same as eBay.

“Little Boss.”

“why?”

“There is a company that we need to acquire to further grow Pacific.com.”

The idea is to acquire a competing company to further grow Pacific.com.

“is it so?”

“Yes, it’s a startup in Seattle called Amazon.com.”

Amazon.com?

‘Oh, it’s already been established.’

In that case, you either need to secure shares through investment or buy the entire company.

“Amazon.com?”

“Yes, our businesses overlap. That’s why I have an acquisition meeting scheduled with the founder of Amazon.com in Seattle.”

James is going to Seattle.

‘What if Pacific.com acquires Amazon.com?’

It’s bound to be huge. And I’ll be getting Amazon.com too.

‘Things are going smoothly with just one representative, James.’

In fact, when we first met, Representative James was surprised to hear my scouting offer.

why?

Because I said I would provide 5% of the shares of Pacific Investment Corporation in the form of stock options.

‘If there was a Chairman Lee Jin-ho in the Republic of Korea.’

It would be perfect to say that America has a representative, James.

‘Both of them have SS level business ability.’

That’s why they came up with a business system like eBay, and then they made eBay disappear from history and let pacific.com take its place.

“is it so?”

“Yes, we’re meeting next week. So you need to decide on the financing for the acquisition of Amazon.com.”

“Are you sure you want to take it over?”

“Yes, that’s right.”

“How long do you think about it?”

“I know Little Boss will be surprised to hear this, but I’m thinking of offering $10 million. If that doesn’t happen, but the founder of the company refuses to sell, I’ll use the $10 million in acquisition funds to start a company with the same business idea and play chicken until the company goes bankrupt.”

“I see. So you decided that we could be a solid competitor.”

“Yes, it seems like a clear competitor but also a partner. So we should merge.”

“Do so. I approve the acquisition for $10 million.”

If I’m really lucky, Jeff will sell me Amazon.com, which he founded. Then time will be on my side.

“thank you.”

“And Representative James.”

“Yes, Little Boss.”

“Representative James is the representative of Pacific Investment Corporation in the United States.”

“Yes, so we plan to acquire Amazon.com and hire the founder as a professional manager.”

Could Jeff be a professional manager working for me?

‘This is heart-pounding.’

I think Jeff’s company will reach a market cap of $2 trillion by 2023.

One of the principles I have set.

Any affiliate company must secure a 51% stake to unconditionally defend management rights.

Pacific Investment Corporation will also be operated according to the principles I have established.

‘Because it’s a new company.’

The maximum stake I can have in the company when I take over is 100%.

If we are successful in recruiting Jeff as a professional manager, we may only need to offer him stock options worth about 5%.

Then 95% of the shares will be mine.

If they sell 44% of their shares through a public offering for circulating stocks when they go public, they will generate huge profits.

‘I hope it’s successful.’

It’s a moment when a smile comes to my face without me knowing it.

“Please do so.”

“Yes, Little Boss.”