My Age of Investment

  Chapter 209 Eighteenth-Road Princes Jointly Ask for Facebook (Dead Cat in Deep Water 110)

  George is not the only one who is upset with Facebook.

  Silver-haired young man with premature aging Chris Devoff is also very upset when he reads Facebook.

  As the founder and CEO of MySpace Juyou.com, he has been silently following the development of Facebook since last year.

  He founded Juyou.com, originally just watching the development of social networking sites, he was planning to launch a social networking site, earn some advertising fees, and complete the gambling.

  Who ever thought that Diaoyou.com is so unbelievable.

  Developed well, it suddenly collapsed, and a large number of users in the United States were lost.

Some of the lost users went to Facebook, and some went to Juyou.com.

   got a "flying windfall", the development of Juyou.com can be said to be rapid.

   Chris compared Facebook and Dating.com in the same period. The user growth data in the first half of the year when Juyou went online far exceeded that of the two rivals.

  This also gave him a trace of ambition. Perhaps this social throne, Juyou.com can also get involved.

  But then, a series of actions on Facebook blinded him.

  First, it raised more than 50 million U.S. dollars in Series A financing, and then carried out overwhelming advertising and marketing in the United States and in the international market.

  Although he does not know how many more Facebook users have increased during this period, he expects it should be no less than a few million.

  The development of Juyou.com is indeed very fast, but it is no longer of the same order as Facebook. How can this be done?

  In addition to pleasing the parent company’s management and allowing them to continue to support the development of Juyou.com, Chris is also urging the team to accelerate iterative products and functions.

  As for him and another founder, Tom Anderson, they even went shirtless. They often went to nightclubs to meet some musicians and bands, and convinced these people to sign up for Juyou.com account in order to attract fans of these people to sign up for Juyou.

  Now on Juyou.com, musicians are allowed to create their own profile pages and upload their music in mp3 format. Some bands even allow their songs to be downloaded by users of Juyou.com.

  Juyou.com has rich entertainment elements and is well-known among musicians. Young people also like the community atmosphere of Juyou.

  With these, Chris is still not satisfied.

   Facebook poses too much threat to him.

  He didn’t get rid of Facebook for a day, and he felt uneasy.

  The last time I saw Facebook received more than 50 million U.S. dollars in Series A financing, they found someone to smear Facebook and attack the founder of Xia Jingxing on the forum.

  After the incident, everyone suspected that it was the Dating.com agent, but he was stealing pleasure in the dark.

  But it's a pity that public opinion was pushed down by Facebook, and it didn't play a big role.

  Now Facebook is running at full capacity, and after the launch of the blog function, it has been welcomed by the majority of users.

  Juyou.com does not have a blog, but after reading Facebook’s launch, the effect is good. Programmers have been arranged for development. It is expected to be launched next month. At the same time, the online features include forums, games, advanced search, etc.

  Juyou.com is different from ordinary startups. It has a parent company on its head, which is not good for financing.

  Chris has contacted several venture capitalists, and they are all concerned about this. Juyou.com is based on the founder or the parent company.

  This problem may seem small, but it is very likely to become an important reason for the failure of startups because of the lack of a unified internal voice.

  In addition to this concern, there are also many venture capital concerns on Facebook.

  The better Facebook develops, the more it weakens the financing opportunities of other social networking sites.

  The financing negotiation is unfavorable, which amplifies Chris’ anxiety about Facebook.

After thinking about it, Chris took the initiative to contact Jonathan Abrams, CEO of Dating.com.

  What are you doing?

  Discuss the merger of the two companies.

  The second child and the third child merge to strengthen their strength and fight the boss Facebook together.

  Negotiating is not going well.

  Diaoyou.com’s skinny camel is bigger than Marathon. Even though the loss of users in the United States is seven or eighty-eight, in Southeast Asia, Diaoyou.com still has 4 to 5 million diehard users.

  And Juyou.com only has more than one million registered users, all users in the United States.

  Chris feels that the value of a US user can be worth ten Southeast Asian users, so the merger plan of the two companies must be led by Juyou.com and proceed according to a two-to-one share swap.

  Juyou.com occupies two-thirds of the shares in the new company, and Jiayou.com occupies one-third of the shares.

  Jonathan turned his face on the spot. He believed that Diaoyou.com should dominate the merger and Diaoyou.com occupies two-thirds of the shares of the new company.

   Although the merger has collapsed, Chris is not without gain.

  He and Jonathan reached a verbal agreement. Juyou.com focuses on the American market and Diaoyou.com focuses on the Asian market. The two companies do not compete with each other or enter each other's territory at will. They form an alliance to fight Facebook together.

   Soon after the two reached an agreement, George came to the door.

  ……

  ……

   "Two gentlemen, our common enemy now is Facebook. I think everyone should unite and defeat Facebook first."

  George is still very intelligent and skilled, pulling his father’s tiger skin, and pulling the CEO of the two major social networks, Diaoyou.com and Juyou.com, onto the negotiating table.

   "Just your picture social networking site called FaceClub? Users don't know if there are 100,000 people?"

  Jonathan was a little disdainful. If George had not had a rich father in front of him, he might not even look at such a small social network site as F agency.

  George suppressed the anger in his heart and continued to draw the two of them: "Although the F agency is not large in scale, we have done things that neither of your two have done.

  We have reached the heart of Facebook—the campus market.

  The main users of Facebook are still students, and 80% of users are American college students and high school students. "

  Hearing this, Jonathan and Chris became a little interested.

   Observing the changes in their expressions, George said confidently: “Because F agency seriously threatened the basics of Facebook, what did they do?

  Hundreds of high schools on the East Coast dropped $2 million!

  However, in the Boston area, Facebook and F agency are evenly matched.

The biggest problem of   F is the lack of money.

  As long as we have sufficient funds, Facebook will never find a bargain in the high school market, and we can even go one step further and enter the campus market, causing Facebook users to start losing. "

   "George, isn't your father a big man on the Forbes list? Why are you still short of money?"

  Jonathan is not a fool, looking at George jokingly.

  George didn’t panic at all, shook his head and laughed, “F agency and Facebook are fighting to death, are you two watching a good show by the side?

  F agency can become a sharp knife of our alliance, stab the key to Facebook, and constantly bleed Facebook.

  If Facebook ignores it, then we will shake their basics;

  If Facebook pays attention to it, it will have to spend money on the high school and college market.

  If Facebook constrains too much energy on this, their pace of expansion in the international market and in the social market will slow down.

  This can also win more time for Diaoyou.com and Juyou.com!

  The game of social warfare will not end so quickly. "

  Chris and Jonathan glanced at each other, both a little moved.

  Chris said: "George, you said so much, how much money can you give yourself? This is the most important thing."

  "One million dollars!"

  George suggested, "The three of us can invest one million dollars each."

  Jonathan asked: "What about F's valuation?"

   "Calculated based on the valuation after my investment last time, 2.5 million US dollars before the investment is definitely cheap enough."

  In order for F agency to successfully raise funds and usher in a ray of life, George made big concessions.

  Jonathan nodded, "Yes, then Dating.com will invest 1 million dollars!"

   Chris frowned, "We haven't got the financing yet. The parent company has always provided us with blood transfusions, and can only invest 500,000 US dollars. For this, I still need to convince the parent company executives."

   "Then let's invest 1.5 million dollars!"

  Jonathan puts on the look of not bad money, in fact, he has deep intentions.

  Daoyou.com still has a place in Asia, but in the United States, it basically stinks.

  Want to return to the US market and invest in F agency is a good way.

  They raised 13 million U.S. dollars in Series A, and there is still a lot of money on the account, and they can afford 1.5 million investment funds.

George negotiated with the two of them about financing, but it was still not enough, and continued: "In addition to the three of us, there are many companies that don’t want to see good Facebook. We can all get in touch. Let’s work together to make Facebook tired. , Distracting energy everywhere."

  Jonathan nodded and smiled, "Yes, for example, eaby, this company has a big prejudice against Facebook. Facebook and Amazon are their enemies."

  Chris suggested: “In addition to us, there are actually many social networking sites in the United States.

For example, Meetup.com. This website was created after the September 11th incident in 2001. The purpose of the creator was to help people connect with each other, mainly making friends with offline interest groups. Because of its poor reputation in the industry, it was robbed by Facebook. "Social Originator" title.

  There is also an online alumni recording social networking site ClassMates. This site was established in 1995. At the beginning of its design, the purpose was to help members find classmates and friends in kindergarten, elementary school, high school, university, and work.

  This website is the first campus social networking website in the true sense. "

  George’s eyes lit up, "We can invite them to join our alliance!

   Facebook has always claimed to be the first "campus social" website, "social originator", we want to expose all this to the public! "

  Three people, you said and I said, and started to make suggestions for the "Facebook Alliance".

  Continue.

  The three people kept sending out invitation letters, inviting various social networking sites to Los Angeles to discuss big plans!

  Finally, when the meeting was held, a total of 18 social networking sites came up after counting the three of them.

  　The four changes are completed, and today we will start adding changes to the leader of the Deepwater Dead Cat. Everyone has a recommendation vote and a monthly pass. Please also vote to give the author a little support.

  (End of this chapter)