My Age of Investment

Xia Jingxing looked at the two entrepreneurs who could only be regarded as little shrimps with a stern face. To be honest, from the perspective of entrepreneurs, he also hated the big mouths of venture capital lions.

But now that he is a venture capitalist, he naturally wants to get the maximum benefit for himself.

If the two founders agree to sell Wazipu directly to Facebook, then he, Kristina, and Xia Zerui together can share 45.25% of Wazipu’s dividends after it grows.

The figure of 45.25% is also the actual shareholding ratio of a family of three in Facebook.

For example, Wazipu’s future valuation is US$20 billion, and the acquisition cost of tens of millions of US dollars is almost negligible. Facebook as a whole made a net profit of US$20 billion due to this acquisition. Xia Jingxing’s family of three, as shareholders of the company, can share to over $9 billion in profits.

If "Facebook's direct acquisition of Watts Pu" is compared to the left pocket, then "Vision Capital's investment in Watts Pu" can be regarded as the right pocket.

This also means that the right pocket needs to earn at least US$9 billion to be equal to the left pocket, which is specifically reflected in Wazepu. Vision Capital needs to hold 45.25% of Wazepu’s shares.

Lower than this number means that Vision Capital has invested in Wazipu for several consecutive rounds, and it is not as cost-effective as Facebook's direct acquisition of the company.

Moreover, there are many variables involved in investing in Wazipu. If the two founders subsequently introduce other venture capital institutions, it means that it is almost impossible for Vision Capital to obtain 45.25% of Wazipu’s shares.

From the bottom of his heart, Xia Jingxing still hopes that the two founders can choose the second option, which is to sell the company directly to Facebook, which saves time and effort.

However, the two of them were determined not to sell the company, and he was too lazy to talk nonsense and just showed his trump card!

"Dylan, are you threatening us?"

When Brian Acton heard that Facebook was going to compete with Wazip, he felt a little panicked, but he still pretended to be calm.

"This is not a threat, this is advice!"

Xia Jingxing glanced across the faces of the two founders one by one, and said with a faint smile: "Facebook launched the online chat tool Facebook two years ago.

Chat, this tool is a program based on Web pages. Users do not need to download and install it. After logging in to the website, they can see the chat toolbar at the bottom of each Facebook page. You can also use it to know whether your friends are online and who they are currently chatting with. Chat and other information.

This is a very practical and popular IM tool. In just two years since its launch, it has hundreds of millions of active users. "

Brian Acton said unconvinced: "That's because it relies on Facebook's huge user base. Standing on the shoulders of giants, it can naturally see further."

“I don’t deny that the brilliant success of this instant messaging tool is directly related to Facebook, because that is the fact.

Not just Facebook

Chat, all applications and gadgets that rely on the Facebook platform for promotion have achieved good results.

With the help of Facebook's huge social network covering one billion users around the world, Soundwave has grown from a small company in Stockholm, Sweden, to the world's No. 1 music streaming company spanning Europe, Asia, Africa, Oceania, and North and South America, except for Antarctica. In addition to users, there are famous users on six continents around the world.

All this is because of the help of Facebook, they were able to successfully extend their business reach to other regions in such a short period of time.

A similar company is Xingjia. The social games they develop have hundreds of millions of users on the Facebook open platform, and millions of dollars in game revenue are taken in every day. That guy Mark Pincus is already clamoring to send the company to Nasdaq went public.

besides……"

Jane Coombe, who had been deep in thought, suddenly interrupted: "Sorry, Darren, I need to interrupt you. We all understand what you are saying, and we are also envious of the powerful resources that Facebook has.

But this still cannot change our decision. We intend to pursue an independent development path. "

Xia Jingxing picked up the coffee on the table, took a sip, and said unhurriedly: "If Facebook

Chat was split from an online chat tool on the website into a mobile instant messaging application. What do you think the consequences will be? "

Jane Coombe and Brian Acton looked at each other, and both saw the worry in the other's eyes.

Xia Jingxing continued: "This is not me being alarmist, but the inevitable development of Facebook. As a social giant, they will not let go of any segmented social field.

Facebook

After the mobile application version of Chat is launched, Facebook, Twitter, Shengpotian, and even YouTube will be connected to it. I don’t need to go into details about how much help it will get if this operation continues, right?

And with Facebook backing it, it should be a permanently free mobile app. "

Brian Acton is no longer as confident as he was just now. Everything Xia Jingxing told them was a blow to their confidence.

Facebook has 1 billion users who can be converted into instant messaging users!

If Facebook has money, it can be free!

Facebook can hire more engineers and upgrade mobile applications frequently!

…

Facebook has too many resources, and Wazipu is just a small company that has not yet received formal venture capital financing. If Facebook sneezes, Wazipu will face a violent storm.

"Darren, from what you're saying, it sounds like you still want to persuade us to accept Facebook's acquisition?" Jane Koum asked.

"Of course, being an enemy of Facebook is not an easy task."

Jane Koum asked again: "Then why did you give another plan? Do you think we have hope of overturning Facebook, even if the hope is slim, there is always hope?"

Xia Jingxing looked at Jane Koum, whose eyes revealed a hint of cunning, and said with a smile: "You are wrong, the instant messaging application market is huge, and in the PC era there are several major players such as Microsoft MSN, Yahoo Messenger, and AOL.

If Wazipu can find a unique development path, it may be able to guarantee a certain share of this market. Even if the share is small, it still has investment value. "

Jane Koum smiled and said, "Isn't it for risk hedging?"

“There are also such considerations, but the overall proportion is not large. Facebook

Chat will soon launch a mobile application, leaving Wazipu with little time. "

Xia Jingxing did not scare the two of them, but Facebook was really making great efforts to transform into the mobile Internet. This process had been going on for a year or two.

Kristina benefited from her close relationship with him, and under the influence, she attached great importance to the mobile Internet, and the development of Facebook in this life was two years faster than in the previous life.

In his previous life, Xiao Mazi did not pay enough attention to mobile instant messaging applications. He only started to release products in 2012. At that time, Wazipu had already soared into the sky.

The current Wazipu is still very weak. If Kristina vigorously develops her own instant messaging application, there is a high probability that Wazipu will be killed.

Considering that there was a slight possibility of surviving, Xia Jingxing calmly sat down to discuss acquisitions and investments with the two founders.

This style of doing things is slightly conservative, but it is safer.

The two founders were silent as they digested the huge amount of information Xia Jingxing brought them.

Ricky Milner, who was sitting silently on the sidelines, finally spoke, "If I were you two, I would agree to sell the company to Facebook because this is the safest solution.

At the worst, you have to change your attitude towards financing, because the time left for Wazip is very short.

Facebook is like a high-speed heavy truck. Once it adjusts its direction and hits you, the chance of Wazip’s little car surviving is very slim. "

Although Ricky Milner put it politely, the metaphor still sounded a bit harsh to the two founders.

Jane Coombe finally lost her composure, frowned, and asked directly: "Darren, you and Vision Capital have such a close relationship with Facebook. If Wazip accepts your investment, wouldn't it mean that he would strip naked and expose himself?" In front of Facebook?

Our two companies are potential competitors. Why should Wazipu accept investment from Vision Capital, a major shareholder of Facebook? "

"That's a good question!"

Xia Jingxing smiled and said, "You can think of choosing to accept investment from Vision Capital as a fallback path.

If you lose in the competition with Facebook, Facebook can recruit your defeated soldiers, and you can get a considerable amount of secondary venture capital.

If there is no Vision Capital to act as a bridge between the two companies, once Wazipu fails, you will really have nothing. "

Jane Coombe asked with a suspicious look on her face: "Dylan, I would like to take the liberty to ask, now I am very curious about the relationship between you and Facebook?"

“This question is very simple. Although there was a little conflict between Christina and I, Vision Capital is still the largest institutional shareholder of Facebook.

If Wazipu does not accept Facebook’s acquisition or investment from Vision Capital, then we will naturally eliminate you from the perspective of safeguarding Facebook’s interests.

If Wazipu accepts investment from Vision Capital and holds a higher shareholding ratio than Facebook, then we will not help each other and you two companies will compete freely.

No matter who wins or loses, Vision Capital will always be invincible. "

Jane Koum nodded slightly, and Xia Jingxing's answer was similar to what he had guessed, which was to do risk hedging.

After understanding Xia Jingxing's true thoughts, Jane Koum, who originally insisted not to sell the company, began to hesitate.

It can be said that Xia Jingxing gave them many options, and the conditions offered by each option were very good.

Accept Facebook's acquisition and get such a large amount of Facebook stock or cash;

If you don’t accept the acquisition by Facebook, but accept the investment from Vision Capital, the best outcome is to defeat Facebook and become the king of instant messaging. The worst outcome is that the business fails, and Facebook gives a small amount of money to package and acquire Wazipu’s employees. , assets, for the founder, this plan is not a disadvantage;

If neither Facebook accepts the acquisition nor Vision Capital invests, then Wazipu will become a thorn in the side of both companies and must be removed.

Jane Koum could not imagine what kind of blow Wazipu would suffer if she chose the third option and rejected Xia Jingxing's friendship.

The approachable and mild-mannered young business tycoon in front of him would probably reveal his true colors immediately and tear Watsip apart with the craziest moves.

This is the tragedy of being weak. Xia Jingxing seemed to have given them a choice, but in fact he did not.

Jane Coombe was unsure and glanced at her partner.

Brian Acton was also in a complicated mood. Darren Xia personally took action today and made it clear whether he wanted them to make a choice, be friends or enemies?

This feeling of being coerced and coerced was very uncomfortable, and it made Brian Acton feel angry, but he did not dare to get angry, let alone lift the table.

Darren Xia’s reputation of retribution is not only resounding in China, but also widely spread in the United States. What’s more, the other party’s financial resources and Facebook’s power are like two mountains. They can only look up. To fight against such a business giant, it is necessary to Great courage.

After weighing it in his mind, Brian Acton said: "Darren, if you accept the investment from Vision Capital, if Wazepu loses in the competition with Facebook, Facebook will really acquire Wazepu." general?"

The corner of Xia Jingxing's mouth raised slightly, "Of course we will acquire it! Even if Wazipu failed in the end, it at least proved that you chose the right track and had a group of experienced employees. This is a certain benefit to Facebook. Acquisition value.”

Brian Acton nodded lightly. He did not doubt that Xia Jingxing had deceived him. After all, Vision Capital had invested real money and needed a chance to liquidate and exit. By acquiring Wazepu with the generosity of Facebook, Vision Capital could also lose less money. Some money, even no compensation.

"I have decided to accept investment from Vision Capital and agree to the additional conditions that you will lead three consecutive rounds of investment."

Brian Acton was very decisive. Knowing that Wazipu was already a piece of cake on the chopping board, he simply stopped resisting and simply accepted Xia Jingxing's friendship.

Jane Koum stared at her partner with wide eyes, wondering why the partner had changed his position today when he was relatively resistant to Facebook and Vision Capital yesterday.

"Jane, agree! This is Wazipu's only choice. Only if we work hard to expand the company and the number of users can Wazipu survive."

Having said this, Brian Acton turned to look at Xia Jingxing and said, "In addition, I also believe in Dai Lun's character. Since he said that Vision Capital will remain neutral, it will definitely remain neutral."

"You can rest assured about this."

Xia Jingxing knew that Brian Acton meant what he said, but he still felt uneasy, so he expressed his position again: "Both Facebook and Wazepu are the same in the eyes of Envision Capital, and they are both our investee companies.

I even hope you can win, because Vision Capital holds 25% of Wazipu’s shares, while its shareholding ratio in Facebook is only 19.77%. When Facebook goes public in a few days, this shareholding ratio will continue to decline. .

If you have the ability to buy Facebook, I would be happy to see it happen. "

Neither of the two founders took Xia Jingxing's words too seriously. If they were really confident about surpassing Facebook, they might not agree to accept investment from Vision Capital.

The reason why I choose to accept investment from Vision Capital now is just because I don’t want to give up and want to give it a try.

Jane Coomb said: "Darren, I agree, but I have a small request."

"any request?"

"Sign the investment agreement as soon as possible, and the US$10 million will be transferred to our company's account as soon as possible."

"Okay, no problem. I'm also looking forward to seeing how far you can go under the pressure."

Seeing that the two founders finally compromised, Xia Jingxing was completely relieved.

He was still a little afraid of Wazipu, who was extremely successful in his previous life.

If he doesn't bury the nail, he will be in trouble if Sequoia Capital takes the lead.

It would be even worse if Facebook overturned again in the instant messaging war.

But now that the nail has been buried, he can wait and see how the situation changes and watch the tide ebb and flow. Anyway, the meat is rotten in the pot, and it doesn't matter who wins.

…………

…………

June 1st, Children's Day.

One week after its release, "The Social Network" topped the North American box office charts with a first-week box office of US$26 million, and also set off a wave of discussion online.

The plot direction of the film, the characterization of the three protagonists, and the true images of the three protagonists in reality... are all under discussion among netizens.

As expected, Xia Jingxing was criticized verbally and writtenly again!

However, none of this matters.

The most important thing is that the Facebook company has once again been hotly discussed by the people. The popularity of the news has suppressed many current political news.

With this news boom, the time is completely ripe for Facebook to go public.

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