My Age of Investment

  Chapter 160 500 million dollars

The head of Kai Peng Huaying, John Doer, gave Breyer a sideways look, and said gloomily: "Mr. Breyer, Axel's funds are running out. You have to save some money. The customer's last trust also failed."

  Brayer said lightly, "Mr. Laudur will not worry about this! Also, we are talking about quotations. Don't discuss irrelevant topics, so as not to waste each other's time."

  Draper glanced at Breyer and then at Xia Jingxing.

  He doubted whether the two had colluded, and deliberately came to cheat them.

  He hesitated, Moritz was the first to quote, "Sequoia can also offer 450 million US dollars."

  John Durr glanced at his old opponent, "We also gave 450 million US dollars."

  Draper was about to speak, but Breyer was ahead of him, "Then I will give 460 million US dollars!"

   "It's really an auction!"

  Draper finally grabbed the opportunity to speak, and Xiaorou looked at Xia Jingxing without a smile, “I announce that Defengjie has withdrawn from Facebook’s Series A financing.”

  Howard glanced at the boss in surprise, and wanted to persuade the boss, but seeing the stern face of the other party, he could only give up.

   "Mr. Draper, please here!"

  The little dog sitting in the meeting room near the door stood up, faced the door, and made a "please" gesture.

  Draper originally wanted to stay and watch the show, but he was asked to go out immediately.

   is a well-known investor after all, and he didn't want to stay stubbornly. He stood up, tidyed up his suit, and left with a cold face.

  Howard spread his hands towards Xia Jingxing, handed a regretful expression, and followed along.

  De Fengjie’s departure did not cause much reaction.

  The three investment institutions left behind are now in full swing.

   "Brayer, if your practice spreads to the industry, your reputation will be very unpleasant."

   Moritz said in a slightly threatening tone.

  Brayer shrugged and said indifferently, “What’s not good? I am optimistic about this project and can afford a higher price, then this project is mine.

  Sequoia Capital digs out the partners of other institutions, and its reputation is good? "

  Moritz smiled and said: "Investment is not based on volition. With a manager like you, I am not surprised that Axel has come to this day."

  Brayer chuckled, "If you can't afford the price, just leave with Defengjie's people! You can only make people feel ridiculous when you say these things."

  Xia Jingxing exchanged glances with babes and dogs. They felt that Facebook had become a supporting role today.

  A good financing conference has become an occasion for several venture capital institutions to settle their grievances.

   "490 million US dollars!"

  Moritz spit out a number lightly from his mouth, then smiled and looked at Breyer.

  "500 million dollars!"

  Brayer's face did not fluctuate, and he added another 10 million directly.

   "Crazy, completely crazy!"

  John Doere shook his head, “Kaipeng Huaying also withdrew from Facebook’s financing.”

  The little dog got up again and invited Kaipeng Huaying's people out.

  Now, only two investment institutions, Sequoia Capital and Axel, remain in the conference room.

  Moritz stared at Breyer like a torch, as if to see through the latter.

  Brayer looked at him without showing any weakness.

  After a while, Moritz smiled and spread his hands, "Well, you won, and Facebook’s financing is yours."

   Moritz got up, smiled and looked at Xia Jingxing, “Daren, you are under a lot of pressure. Whether Axel will be glorious again or fall into the dust, it’s all up to you.”

  Xia Jingxing grinned, "Mr. Moritz, when you say this, I immediately feel a lot of pressure on my body, and I shoulder the heavy responsibility of revitalizing the two companies."

  Moritz laughed, "Young man, don't have too much pressure, look forward to the next cooperation."

  Cooperation failed, Moritz didn't say anything cruel, and shook hands with Xia Jingxing and left gracefully.

  Brayer leaned on the chair and looked at Xia Jingxing with a smile, "How about it? I'm right. Whether you call them or not, the end result will be the same."

  Xia Jingxing smiled, "That's different. Isn't the valuation one hundred million dollars higher?"

  Brayer nodded, "Yes, this business is a good deal."

  Xia Jingxing looked at the other person in a very good mood. He didn't seem to care about the extra 100 million dollars, which made him very admired.

  Brayer folded his hands on his chest and smiled and said, “I’m satisfied with the valuation. Let’s sign the investment agreement next! We will speed up the due diligence work and send the equity financing to Facebook as soon as possible.”

  Xia Jingxing nodded. He is really satisfied. The pre-investment valuation of 500 million US dollars has almost reached the current upper limit of Facebook’s valuation, and there is even a certain premium.

  Brayer behaved stupidly, very impulsively, very eager, but actually very clever.

   deliberately put on a desperate posture in order to scare away other venture capital institutions.

   John Durr, Draper, and other people might suspect that Axel was invited by Facebook to deliberately cheat them.

  Those who are too savvy tend to think too much.

  Moritz’s last hand raised the offer to 490 million US dollars at one time. It is also possible that he would have given up the idea of ​​investing in Facebook a long time ago, but deliberately digging holes for Breyer and raising the price.

  Every investment institution has a balance in mind about how much Facebook is currently worth and how much room it will rise in the future.

  The dust has settled, there is no need to think about it.

  Xia Jingxing put away his thoughts, remembering that there are still a few angel investors waiting to get in the car, so he said:

  "Wait a moment before signing the investment agreement. I have a few friends who also want to invest in Facebook. They will follow the same valuation as yours, not too much.

  These people are not unknown people. PayPal's Peter Thiel, Reid Hoffman, and Mark Pincus, should you have heard of it? "

  Brayer nodded and said, “This is not a problem at all, let them follow the vote. I actually have a request.”

   "What request?"

  "I personally want to follow up a part of the investment, not too much, just US$2 million."

  Xia Jingxing remembered Xiao Mazi’s Facebook in his previous life. This person also invested 1 million US dollars in his own name, making a full 1 billion US dollars, and a thousand times return.

  The old cunning is very cunning!

   immediately stated, "If it does not violate the rules and regulations of your investment institution, I have no objection."

  Seeing that Xia Jingxing agreed to his request, Breyer smiled with satisfaction, "How much do you want to dilute?"

  Xia Jingxing blurted out, "10%, 500 million US dollars before the investment, 55.55 million US dollars after the investment, 55.55 million US dollars in financing."

  This figure is calculated repeatedly by Xia Jingxing, and there are many plans to be launched after financing.

  To support international expansion, it is necessary to expand the team, lease more servers, etc. The most important thing is to keep a part of the cash reserves to deal with various possible deteriorating financing environments and unexpected emergencies.

   "Okay, I have no objection!"

  Brayer did not think about it for too long, and readily agreed.

  (End of this chapter)