My Age of Investment

  Chapter 150 Delayed gratification (addition for Pikachu rudder master)

  On this day, Nicky visited Facebook with her boyfriend George.

  Sitting in Xia Jingxing’s office, George smiled and said, “Dalun, your company’s environment is really good. You can’t see it as a start-up company. Everything is so orderly.”

"thanks!"

  Xia Jingxing smiled politely, not knowing what happened to these two people.

  Kristina made a few cups of coffee and brought it in with a tray.

After serving everyone a cup of coffee, she sat down next to Xia Jingxing, right in front of Nicky and George.

  George took a sip of the coffee and put it down. It didn't suit his taste, and cast an inquiring look at the two sitting opposite.

   "Hey, by the way, when did Facebook go online?"

   "The end of August last year."

  Kristina replied, then smiled and asked: "What's the matter?"

  George smiled and nodded, "So now, it has been in operation for 15 months, and the number of users should almost exceed 10 million, right?"

   "There is still some distance."

  Kristina naturally does not say anything about the company, so she speaks more generally.

   "George, if you have anything, just say it straight. Are you friends?"

  Xia Jingxing can't stand it anymore, he doesn't have time to chat with this second generation ancestor, there are still a lot of things to deal with.

   "Yes, everyone is friends."

  George nodded repeatedly and followed Xia Jingxing’s words and said: “I heard Nicky briefly introduce your entrepreneurial story, and I was curious about Facebook, so I went to investigate.

  The more I investigate, the more I feel that your company has great potential. "

  Nicky also came out to help out, "Yes, George has been collecting information about your company these days and looking for senior people in the Internet field to provide advice."

  Xia Jingxing smiled and asked, "George, do you want to invest in us?"

   "Yes, I want to buy some of your Facebook shares."

  George tapped his fingers on the table and said in a very positive tone.

  Xia Jingxing thought he had heard it wrong, and reminded: “Investment and acquisition are not the same.”

  George nodded, “I know, I’m not investing money in Facebook, but I want to accept a portion of your equity.

  This equity transfer money is not entered into the account of Facebook, but into your personal account. "

  Xia Jingxing smiled and shook his head, “We can’t be the master of this. We signed a sales restriction clause in the angel round of financing.”

  George works at Morgan Stanley. He naturally knew this clause and waved his hand: “It’s okay. I can talk to your angel investors first.

  If they give up the right to sell first, you can sell part of the equity.

  I don’t want to increase the specific shareholding ratio, as long as 10%. This is a number that I have repeatedly weighed.

  This is not a large-scale cash out. Your founding team is still the largest shareholder and has the motivation to continue striving.

  At the same time, you can also get a portion of the cash, so you don’t have to worry about it.

  If the development of Facebook in the future suffers a setback, you will not lose money, and you will not get anything.

  This is a very pertinent suggestion, I hope you will seriously consider it. "

  Compared with five fingers, George looked serious, "I am willing to pay 5 million US dollars for this 10% equity."

  Kristina chuckled, "Facebook is valued at more than 50 million U.S. dollars."

  George thought he was really ignorant, and explained: “This kind of equity transfer and equity financing are two different things and cannot be confused.

  Because the money does not enter the company's account, and it does not strengthen the company's strength, my investment risk is very high.

  If your business fails, there will still be 5 million U.S. dollars left for you, and my investment will be completely wiped out.

   Asking for a discount on the valuation, is this not excessive?

  I believe that besides me, no other investors should give you this condition, right? "

  After finishing speaking, George held his hands and looked at the two opposite people quietly.

  He also did some homework before coming to the door. He believes that his own conditions will surely impress the other party.

  If the price is not satisfied, he can add a little more.

  As for why not choose equity financing, on the one hand, the valuation is inflated and the equity transfer is not cost-effective;

  On the other hand, I am afraid that the competition will not be able to compete with various venture capitalists and will not get enough shares.

  The money in his hand is also limited, otherwise he wants to buy Facebook as a whole.

  Of course, he can still ask his father for help, but it is not necessary. The Facebook project is not good enough.

   "Kristina, Darren, I think you can seriously consider George's plan. For you, it is the best of both worlds."

  Nicky said with a smile, “You can not only introduce a heavyweight shareholder, but also take this opportunity to cash out a lot of money.

  If George becomes a shareholder of Facebook, he can also use his family contacts to introduce more investment and resources to Facebook. "

  George nodded, "Nicky is right. If I become a Facebook shareholder, I will definitely give you all kinds of help."

  In all fairness, Xia Jingxing felt that this second generation ancestor was not stupid, and the entry point was just right.

  If you switch to a general entrepreneur, you might readily agree.

   is cashing out 5 million US dollars again, and is the son of a financial tycoon.

  But is he like someone who is short of that 5 million dollars?

  “We don’t want to cash out now. What we need is financing to support our company’s next expansion.”

  Xia Jingxing said with a smile, “If you are interested in George, you can participate in our Series A financing next month.”

  George frowned, "Are you going to raise Series A next month?"

   "Yes, don't preach it everywhere. As a friend, I told you."

   George saw that his investment plan was disrupted, and he was a little impatient.

  He asked: "Dalun, do you really not consider my plan?"

  Xia Jingxing shook his head, "I don't think about it."

  George's face darkened, and his eyes darkened and said, "If you are not satisfied with the price, I can still add it. How about $6 million?"

  George looked at Xia Jingxing, but the latter refused without hesitation: "This is not a question of price, this is a strategic issue of our company."

   "Strategy?" George wondered.

"Correct!"

  Xia Jingxing nodded, "Delayed gratification, have you heard of it?"

  George thought I had only heard of "delay", what is your strategy?

  Nicky also looked confused, wondering what Xia Jing's behavior dismissed for 6 million US dollars.

  Xia Jingxing explained: “Delayed gratification, simple understanding, is to keep entrepreneurs in a state of hunger and thirst, so that they will have the motivation to overcome various difficulties and take the company to a higher position.

  If you enter the comfort zone too early, the entrepreneur will be abandoned.

  After cashing out a large sum of money, immediately buy a luxury house, luxury car, and a yacht party.

   Still thinking about starting a business? "

  George and Nicky have nothing to say now, there are still such self-disciplined people.

  What are you doing in business? Isn’t it just to get this kind of life?

   George asked in disbelief: "Then according to your theory, where do you want to take Facebook before you start to harvest?"

  Xia Jingxing said solemnly, “At least 1 billion users worldwide, and then launch the listing, this time you can stop for a while and pursue some material life.”

   "Hahaha~"

  George laughed, "Dylan, if you want to reject me, just be straightforward! I can accept it, and there is no need to compile such an unreliable reason."

  Xia Jingxing shook his head, "I am not talking nonsense, this is my true thoughts."

   "Okay! That's it for today!"

  Seeing that the investment was not successful, Xia Jingxing was also determined not to transfer the shares, and even said something unreasonable. George was not interested in staying anymore, so he asked Nicky and left with a cold face.

   "Will you offend them?"

   Looking at the two people who left in a hurry, Christina said with some worry.

  "If you offend, you will offend. Facebook will become more and more valuable in the future. Everyone will ask for a piece of cake. Do I have to agree?"

  Kristina shook her head, "I didn't mean that, but I just think it should be more tactful.

  When you just said 1 billion users, even I thought it was a bit exaggerated. After all, we have 10 million users now, and our goal of 1% has not been achieved. "

  Xia Jingxing said with a smile, “That’s why I said “delayed gratification”. Social networking is a huge market, enough to support a huge Internet empire.

  You don’t think that we are satisfied with tens of millions, 100 million users, a valuation of several billion, and a market value, right? "

   "Ah...Is this not enough?"

  Kristina feels that if she can do this, it will be great.

  "How many people are there in the world? More than 6 billion, reaching half of the Internet coverage, or 3 billion Internet users.

  I said 1 billion users, but I said there are fewer. My goal is to let all netizens in the world share their lives and make friends on Facebook..."

  Kristina smiled and watched Xia Jingxing bragging. Perhaps geniuses are like this, and they all have a heart to change the world.

  　Six changes are over, and we will come again tomorrow.

  (End of this chapter)