New Employees With an Annual Salary of 1 Trillion Won - Chapter 163
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This chapter was translated by Lunox Team. To support us and help keep this series going, visit our website: LunoxScans.com
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Chapter 163. Spider Web (3)
PayPal Building Rooftop Lounge.
A party was held to commemorate the sale.
And for me, it was also a party for talent recruitment.
“Everyone seems to have troubled hearts. All your faces are already flushed.”
“It feels really strange. They say I became a millionaire thanks to selling PayPal for a huge sum, but I can’t just be purely happy about it.”
“How could I not understand that feeling? Still, it’s not good to have too many regrets. Just like the pain of separation should be soothed with new love, starting a new business will put your mind at ease.”
Naturally, the core personnel had gathered around me.
This was partly thanks to building rapport through constant communication with them, and partly because Carter Till was sticking right next to me.
“I’ve already thrown away my regrets. I’ve decided to start a new business with Mister Lee.”
“Already? Isn’t that too fast? Was this discussion going on from before?”
“Not really. I naturally conceived a new business item while negotiating the sale.”
Carter Till appropriately set the tone.
Thanks to that, I could naturally make recruitment offers to them.
“How about it, will you join us? If anyone is interested in information-related business, let’s work together.”
“Information business? It’s a business that suits Carter Representative well, but it doesn’t really suit us.”
“Tiger Fund and I are always open. Whatever business it is, if it’s a business you’re pursuing, we’re ready to actively support it.”
These weren’t just empty words.
Whatever business PayPal’s core personnel conceived, I planned to unconditionally support it.
Because all the core personnel were outstanding talents.
How could such people gather in one place?
Each one had the qualities to become a core axis beyond just being a gear.
But it seemed time was still needed.
Most hadn’t even conceived new business items yet.
But there was one person who had already organized his thoughts.
“It’s reassuring that Tiger Fund will support us. I happen to be conceiving a new business too.”
“What kind of business?”
“I think I can finally do what I truly wanted to do. Since undergraduate days, I’ve wanted to pioneer the space industry and electric vehicle market. Now that I have the funds, I should make my postponed dreams a reality.”
It was Elon Musk presenting a business of different scale.
Since the automotive industry was monopolized by internal combustion engines, there were virtually no places interested in electric vehicles.
And in the case of space business, it was a field difficult for private entities to pursue, and massive investment had to be backed to succeed.
“The scale seems too big for an individual.”
“About 300 million dollars will fall into my hands this time, so I can start, right? And if Tiger Fund supports me, I can produce results too.”
Musk was overflowing with confidence.
Perhaps because he talked about such things often, the surrounding colleagues just shook their heads and sighed.
But I didn’t show such a reaction.
Because his plan wasn’t entirely unrealistic.
The moment I heard about space and electric vehicles, a huge gear came to mind.
“Of course Tiger Fund should support this. I’ll persuade headquarters to definitely invest, even if I have to.”
“Really? I was just planning to go to Russia to negotiate rocket-related matters. If I have money, I can buy rockets from ICBMs that Russia is planning to retire!”
“I’ll try to secure enough investment funds to pursue both space business and electric vehicle business simultaneously.”
The more we talked, the more sophisticated the gear became.
Of course, the gear wasn’t rotating properly yet.
But once the structure was completed, it was a structure that could rotate at tremendous speed.
“I’m planning to start the electric vehicle business by acquiring an existing company. There’s a company with quite good technology.”
“There’s a lithium-ion battery company under Tiger Fund. It will be a great help in pursuing the electric vehicle business.”
“This is why I like Mister Lee. Just having a conversation makes plans flow smoothly.”
Musk poured out ideas without rest.
From how to design propulsion systems to stories about how launching rockets through Russia could be much cheaper.
Only after talking for a long while did he finally stop.
Only then could I catch my breath and have the leisure to look around.
Several core personnel were drunk and sprawled over tables, swaying around.
“Why did you drink so much when you can’t handle alcohol?”
“I was envious and frustrated, so I just drank.”
“What’s so frustrating?”
“Carter Representative and Musk both already have their next plans set up, but we don’t even know what to do, so we just feel left behind.”
Three core personnel in charge of development.
They had been moving in the direction led by Carter Till and Musk.
But now that everyone was becoming independent, it was their turn to pioneer their own paths.
“Don’t think too hastily. You need to empty your mind to fill it again, right?”
“I don’t even know what to do while resting. I’ve lived working for years, so I forgot how to rest.”
“Forcing yourself to rest is also torture. It might be more comfortable to just do any work while living.”
“I don’t even know what work to do.”
The three developers were wandering.
Since their skills were certain, I absolutely needed to make them my people.
“Then how about working at Rollbook for a while?”
“Would there be work for us to do at Rollbook?”
“You could handle payment systems related to PayPal, or go around various departments at Rollbook to get inspiration.”
“Is that okay? Won’t we interfere with work?”
There might be some interference.
But if I could make them my people, that level of interference wouldn’t be a problem at all.
“It will be good stimulation for Rollbook too. So come comfortably and just spend a few months at Rollbook. I’ll pay you a salary too.”
“So we get paid while playing around.”
“You just need to promise to definitely do your next business together with Tiger Fund.”
“With such conditions, there’s no reason to refuse. I’ll commute to Rollbook starting next week.”
Was it the power of alcohol?
Or was it thanks to targeting their empty hearts?
I recruited PayPal’s three core developers too easily.
Of course, it wasn’t complete recruitment yet, just making them play around at Rollbook.
But spending time in the same space, feelings that weren’t there before would naturally develop.
“You won’t have time to be bored at Rollbook. We’re servicing various functions and adding new features too.”
“Sounds fun. But why are you treating us so well? I’ve met many investment funds, but I haven’t seen a place like Tiger Fund.”
“Maybe it’s because I’m closer to the technology side rather than the finance side?”
The three developers’ eyes regained focus.
They staggered up from their seats and raised their glasses.
Before long, all of PayPal’s core personnel had gathered one by one, clinking glasses at the center of the table.
“Mister Lee should say something. I wonder if there will be another day when we gather like this again.”
“Hmm, so I’ve been thinking about something. PayPal has disappeared, but we shouldn’t scatter like this, should we?”
“Do you mean to create a gathering?”
“It could become a gathering, or it could become an organization. If we who are gathered here join forces from our respective positions, we can change the world.”
I opened the discussion.
Then Carter Till next to me chimed in, and even Musk came forward in agreement.
“It’s sad to part like this. Let’s create something and keep meeting!”
“Should we give it a proper name? That way it looks impressive. How about Space Club?”
“That’s just for Musk. Data Alliance would be better.”
“Why is everyone only thinking of themselves? Let’s just take the P from PayPal and call it P-Project.”
Chad Hurley intuitively created a new name.
Since the word “project” was attached at the end, it carried a strange weight, so everyone nodded.
“That’s a good name. Then let’s decide on P-Project and all operate secretly. Like a secret organization.”
“The members are all of us here plus Mister Lee joining too, right?”
“Of course. We can only gather together if Mister Lee holds us together as the center.”
The core PayPal personnel who had gathered around me.
I raised my glass high for them, and we simultaneously shouted the same words as if we had made a promise.
“P-Project!”
***
The PayPal acquisition was completely finished.
I wanted to return to Korea immediately, but since the Chairman and General Manager contacted me several times a day, I had no choice but to go to Wall Street.
If I just returned to Korea, they were the type of people who would really come all the way to Korea to catch me.
“Branch Manager Lee is here? I haven’t had time to go to Korea because I’ve been handling headquarters business.”
“The Korea Branch is running without any problems. You don’t need to worry.”
“Why would I worry about the Korea Branch? I’m just disappointed that I haven’t seen the Branch Manager.”
While I was having a casual conversation with the General Manager.
The Chairman entered the Director’s Office hurriedly, stomping loudly in a way that didn’t match his age.
“Were you having fun without me again? Are you going to keep doing this?”
“Branch Manager Lee just arrived. We’ve only exchanged simple greetings so far.”
“Really? Then that’s a relief. But why did you acquire PayPal? I did tell you to go ahead when Branch Manager Lee said he wanted to acquire it, but is there another reason?”
The PayPal acquisition decision was made within a few hours.
Right before meeting CEO Carter Till, I called headquarters to express our acquisition intention, and the Chairman personally sent an okay sign.
“PayPal is a company absolutely necessary for Rollbook’s growth. And I acquired it because it’s a company that can serve as seasoning for various businesses.”
“Who pays 2.2 billion dollars for seasoning?”
“The current value is only 2.2 billion dollars, but I’m confident that PayPal’s value will be at least 10 billion dollars or more in just a few years.”
The PayPal acquisition wasn’t just a process for recruiting talent.
Even if the core personnel were gone, PayPal had high potential for growth.
Since it was a company that could grow beyond 10 billion dollars to over 50 billion dollars, it was more than sufficient for investment purposes.
“Hmm, if Branch Manager Lee says so, then it must be true. But an investment report came in – what’s this about?”
“I’ve decided to create an information company with Carter Till, who was PayPal’s CEO.”
“Isn’t the initial investment of 100 million dollars too excessive?”
It was an excessive amount.
Since we were investing 100 million dollars in a company whose concept wasn’t even finalized yet.
“It’s absolutely not an excessive amount. Through the information company that CEO Carter Till will create, we’ll be able to collect quality information worth more than the investment.”
“Will quality information come in just because you throw money at it?”
“CEO Carter Till says he’ll mobilize his connections to make US agencies into clients. And if we help him too, we can achieve rapid growth in a short period.”
CEO Carter Till’s connections were impressive.
But they couldn’t compare to Tiger Fund.
We even had a direct line to the White House.
“So you’re basically telling me to move?”
“If the Chairman helps us, we’ll gain an excellent information organization. This is absolutely necessary work for Tiger Fund’s future.”
“Do you want to work this old man that hard?”
“It’s because information is that important. I’m asking for your help.”
If we could even get help from the White House through the Chairman.
Making all US agencies into clients would be entirely possible.
Of course, to do that, we’d need to further supplement the system and complete a commercial model.
“Alright. If Branch Manager Lee says that much, I should move personally. But the investment report had other content too? Why did you write down investments in space and electric vehicle sectors?”
“Those investments are also new businesses being pursued by Elon Musk, who was PayPal’s CEO. They won’t make money right now, but if we invest continuously, they’re businesses that can generate profits of hundreds of times over.”
“Does PayPal have some weakness of yours? Why are you pushing PayPal alumni so much?”
“There’s absolutely no other reason. I simply decided to invest because they’re people with high chances of success. And I also plan to actively help when other PayPal alumni try to start businesses.”
They were talents I absolutely didn’t want to lose to others.
So I had no choice but to force through investments to a degree that even the Chairman would think excessive.
“Fine. What big deal would it be no matter how much money you spend? You just need to earn back an even bigger amount, right?”
“I heard that real estate derivative product sales have increased several times over.”
“We’re just having modest fun. Compared to other investment banks, it’s not even big profits.”
The Chairman playfully complained.
But now wasn’t the time for jokes.
Real estate derivatives were a cancerous mass that would push the entire US economy into recession, beyond just disrupting market order.
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This chapter was translated by Lunox Team. To support us and help keep this series going, visit our website: LunoxScans.com
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