Encore: Jerry Yang on Yahoo!, Early-Stage Investing, and China
Jan 12, 2024
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Jerry Yang, Co-founder of Yahoo! and founding partner of AME Cloud Ventures, discusses the early days of Yahoo!, lessons learned, what American entrepreneurs can learn from China, and thoughts on early stage investing.
Jerry Yang and David Filo's decision to publish 'David and Jerry's Guide to the World Wide Web' led to the creation of Yahoo.
Jerry Yang emphasizes the importance of finding friends and alliances in the rapidly changing business landscape of expanding Chinese companies.
Deep dives
Yahoo's early days and the creation of Yahoo!
Jerry Yang reflects on the early days of Yahoo!, discussing how the idea came about and the initial vision for the company. He highlights the impact of Tim Berners-Lee's invention of the web protocol and the explosion of content that followed. Jerry also shares how he and David Filo decided to publish a website called 'David and Jerry's Guide to the World Wide Web', which eventually led to the creation of the name Yahoo.
The challenges and decision-making during the Microsoft acquisition offer
Jerry discusses the decision-making process and challenges faced during the Microsoft acquisition offer. He explains the importance of the responsibility to shareholders and why they ultimately had to save the company when the deal fell through. Jerry also touches on issues with the Justice Department and valuation differences, shedding light on the complex dynamics involved in such a high-stakes acquisition.
The significance of the SoftBank deal and lessons learned from Masa Son
Jerry shares insights into the SoftBank deal and his experience working closely with Masa Son. He discusses Masa's visionary approach to investing in platform companies and his belief in the power of AI and technology. Jerry also reflects on Masa's investment in Alibaba and the immense value it has created since then.
The impact of Chinese companies in the global market
Jerry discusses the potential expansion of Chinese companies into global markets and the increasing competition with Western companies. He predicts proxy wars in Southeast Asia and Europe, highlighting the ongoing rivalry between companies like Alibaba and Amazon. Jerry emphasizes the importance of finding friends and alliances in this rapidly changing business landscape.
Jerry originally joined us on the podcast in 2019. He is co-founder of Yahoo! and founding partner of AME Cloud Ventures. He was interviewed in front of a live audience in San Francisco by Village Global co-founder and partner, Ben Casnocha.
Jerry told stories from the early days of Yahoo! and explained his lessons learned from the experience. He also talked about what American entrepreneurs can learn from China and his thoughts on early stage investing.
Check us out on the web at villageglobal.vc or get in touch with us on Twitter @villageglobal.
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