My Age of Investment

  Chapter 156 There are so many hearts and eyes

  Howard thought for a while, and after sorting out the language in his mind, he dialed Xia Jingxing's phone.

  As soon as the call was connected, Howard's hearty laughter came: "Haha, Darren, I heard that you have had a little trouble in financing recently?"

   "I can't talk about trouble!"

Xia Jingxing was also a little surprised when he received a call from Howard, but he concealed his emotions very well and said indifferently: "For venture capital institutions that don't understand and don't have a good view of what Facebook is doing, we say from the heart, Nor does it hope to establish cooperation with these institutions.

  Because we have criteria for selecting partners, some institutions that do not meet our requirements will have differences in the long run even if they cooperate in the short term..."

  Xia Jingxing did not say too much, because that would seem too weak.

  At the same time, he also showed his own posture and behaved very strongly. The subtext is that Facebook will not bow its head on valuation.

  He suddenly received a call from Howard, and he didn't know the other party's intentions. He guessed that it was a high probability that they came to put pressure on Facebook and asked Facebook to lower the offer.

  Howard smiled, "Daren, you are right. Some short-sighted institutions are really not worthy of cooperation.

  But our Defengjie does not belong to that list of institutions, we have decided to accept your offer.

  300 million dollars, right? We will send you an investment letter of intent now. "

  Xia Jingxing was a little confused, did Defengjie compromise before he even started making moves?

   Shouldn’t it? Isn't the pressure action they made in front of them meaningless?

Without speaking on the other end of the phone, Howard thought Xia Jingxing was thinking carefully and did not interrupt. It took more than ten seconds before continuing to say: "Defengjie is very sincere and the most optimistic venture capital institution on Facebook. .

how about it? If you agree, we have issued an investment letter of intent, and we will start to organize the manpower for preliminary due diligence. "

  Xia Jingxing's mind turned quickly, and he quickly thought about countermeasures.

  Investment intent letters are not so easy to receive, and there are generally exclusive agreements in them.

  In other words, after accepting DFJ’s investment intent, you cannot contact other investment institutions within the exclusive period of 1-2 months, otherwise it will be a breach of contract and you will be liable for legal responsibility.

  If a month or two is wasted and no negotiation with DFJ is in vain, then negotiations with other investment institutions will not be easy, which is equivalent to less weight in hand.

  This is not the result Xia Jingxing wanted.

   "Sorry, you are a step late."

  Howard's heart was tense, but he still pretended to be calm and asked: "Has another investment institution contacted you? Is it Sequoia or Kaipeng Huaying?"

  Howard pretended to be very good, but Xia Jingxing still heard something strange.

  He wanted to fool the other party, but this kind of thing can’t be jokes, can’t use personal credit to gamble, he smiled and said: "No, we decided to postpone financing."

  Howard heard this, and his hanging heart eased a lot. He was afraid that other investment institutions would take the lead. It was not the worst case.

  Howard asked calmly, “Didn’t it originally plan to complete the A round of financing this year? Why did it postpone it?”

  Xia Jingxing explained: “Thanks to the cooperation with Amazon, the promotion effect has been very good recently. They have called us another sum of money, and the number is quite impressive.

  We are ready to take the money and do more to make Facebook generate better market feedback, and then open the A round of financing. "

  Howard thought in his heart, does Darren’s “doing more” mean opening up the international market?

   But he couldn't ask, but he exposed it as soon as he asked. It seemed that their organization placed too much emphasis on Facebook and would be severely slapped by the other party.

  He is also very entangled now.

  If you behave too urgently, it is estimated that the valuation of 300 million US dollars will not be able to hold Facebook;

  But if you continue to wait, it is difficult to say that you will not be intercepted by other institutions.

  If it’s just a project with a valuation of several million, it’s easy to say, just throw in the money.

  But Facebook is different. The valuation is calculated at 100 million, and the unit of financing is tens of millions.

  Even if Defengjie’s scale is not small, it can’t be said that it ignores tens of millions of dollars and grabs projects at premium prices.

  In addition, with regard to Xia Jingxing’s “backward” behavior, he is not easy to speak harshly, saying that DFJ completely withdrew from financing to force Facebook to submit.

  Young people have a bad temper, and if this is taken seriously, it will be self-defeating.

  Furthermore, Sequoia Capital and Kai Peng Huaying are not weaker than DFJ, and even slightly more than their institutions are still eyeing Facebook.

   "Let's do this first!"

  Howard said nothing, and hung up the phone in a hurry.

   Then he found the big boss Draper to discuss countermeasures.

"what?"

  Draper thought he had heard it wrong, and asked again: "You said he rejected our investment intent?"

  Howard's face was sinking, and he nodded.

   "Damn it!"

  Draper smashed the desk and twisted his slightly squalid face away.

After the mood calmed down, Draper looked at Howard, who was sitting opposite, calmly and asked: "300 million dollars are rejected, so how much does he want?"

   "He didn't say, maybe 400 million, maybe 500 million..."

  Howard still had a half sentence "or more" to his lips, and swallowed again.

  He saw that Draper looked very ugly and didn't want to add fuel to the fire.

  Actually, he thinks that Defengjie's investment has made some mistakes this time and should not deliberately hang up on Facebook.

  Is the car overturned now? Who do you blame?

   "Okay, then we will continue to wait to see who can't survive."

Draper finished venting, thought for a while, suddenly changed to a smiling face, and ordered: "You arrange another group of people to contact Dating.com, and at the same time release the news so that the media and Facebook will know. ."

  Howard hesitated, "Is this not so good? What if it irritates Darren..."

   "What about angering him?"

  Draper’s face was terrifyingly black, "Since they don’t accept our friendship, can’t we talk to new friends?"

  Howard persuaded, "That said, but I'm afraid it will backfire."

   "Howard, you have a lot of strengths in you, the only weakness is that you are too weak."

  Draper said with a face drawn, "There is also the last time you invested in Scape. If you insist on a little more, I believe that 20% of the equity is ours, and there is no need to divide eight points for the Chinese boy."

"I……"

  Howard's face is very ugly, he wants to say nothing.

  He didn't want to have a conflict with a stunned young man at the time, so as not to drive up the project valuation several times. The starting point was also for the good of the company.

  And, the most important thing is that he asked Draper for instructions and got the authorization of the big boss to do so.

  Now that Scape has developed well, he has been pushed out as a scapegoat.

  What if the development is not good?

  Howard's expression kept changing, but after all he swallowed it down, and didn't dare to talk back to the boss.

  When things have developed to this point, he is already discouraged and doesn't want to control it. Just do it as the boss likes to do it!

  (End of this chapter)