My Age of Investment

   Chapter 210

  Eighteen social networking sites held meetings in Los Angeles. Naturally, they did not raise the topic of "Fighting against Facebook Hegemony". Not to mention that they seemed weak, and it was easy to get rid of them.

  The banner they play is "to create a better industry together."

  If you want the industry to be better, you must first get rid of the industry cancer tumor.

  At the meeting, F agency CEO Zuckerberg showed up and cried out his experience to 17 other CEOs.

"Our FaceClub is a social networking site for pictures founded by several Harvard students. Because of the opening of registration for high school students, it attracted the suppression of Facebook. They relied on their money to arbitrarily advertise and did not focus on product development. Stifle small startups and consolidate their control of the industry..."

  As soon as Zuckerberg finished speaking, Diaoyou.com CEO Jonathan responded.

   "Dating You.com has threatened Facebook's status. We have also been suppressed by Facebook. They used money to buy the media and maliciously smeared Dating...."

   Then, other social networking site CEOs also started to complain.

  A good industry conference has become a grievance conference.

  George smiled from the side, what he wanted was this effect.

  Social industry, Facebook has been suffering for a long time!

After everyone complained, Chris, the CEO of Juyou.com, the second largest social networking site in the United States, stepped forward.

   "To restore the beautiful environment of social networking sites, we must eradicate the cancer of the Facebook industry! We must join hands to win an inch of living space for our companies."

  Chris has just finished speaking, and the group responds.

   "Yes, that's right! Kill Facebook!"

   "Chris, what should we do?"

  Chris began to propose a plan to let various social networking sites speak out in the media, exposing Facebook's various inferior methods of "suppressing competitors".

  As for how much it can play a role, it depends on the cooperation of everyone and how much everyone is willing to work hard.

  As for investing in F agency, everyone worked together to make a stab at Facebook. George, Chris, and others didn't mention it at all.

  Because it didn’t make much difference to mention it, the social networking sites present were all start-up companies.

  On the contrary, Chris, as the leader, had to give benefits to the little brothers who followed them and shouted.

  Eaby, as the special sponsor of this conference, gave each of the eighteen social networking sites an advertising contract, ranging from as little as 100,000 U.S. dollars to as many as one million U.S. dollars, making all the CEOs of these social networking sites smile.

  They are not interested in fighting against Facebook's hegemony or killing Facebook, because with their small physique, they will not be able to survive a round.

  Looking at eaby’s advertising contract, it’s okay for them to say a few words in the media, so you can avoid the charge.

  Chris, George, Jonathan and others didn't expect much of these people to be useful.

  Because everyone is a competitor, it is only because of the threat of Facebook, the enemy, that everyone is sitting together.

  If you want to cooperate and be intimate, it is basically impossible to twist into a rope.

  The main players against Facebook are still three of them, Diaoyou.com, Juyou.com, and F.com.

The three companies each face the Asian market, the U.S. off-campus market, and the U.S. student market. The three markets are in conflict and little competition. Moreover, Diaoyou.com and Juyou.com have jointly invested in F agency. Everyone has certain interests. Involved in it.

  The cooperation of the three of them is more cohesive.

  As for the other fifteen companies, that is, to bring a strong presence, it is the best that can cause trouble to Facebook. If it does not cause any threat, it does not matter. By attracting firepower from the side, their goal will be achieved.

  Anyway, it was not the three of them who paid the bill, it was eaby, who was taken advantage of.

  Eaby is not a fool, no matter how small the scale of these 18 social networking sites is, they all have a certain amount of visitors and traffic.

  All together, even if it can’t keep up with Facebook, it can also allow eaby to regain a certain decline in the face of the "Facebook + Amazon" combination.

  …………

  …………

The chief information officer of   Little Dog was not for nothing. He soon learned of the 18th-Road Princes Alliance's crusade against Facebook, and came to report to Xia Jingxing.

   "Boss, they think of us as Dong Zhuo? The 18th princes jointly ask for Dong Zhuo?"

  The little dog who has been familiar with the Three Kingdoms since childhood is very familiar with such a story, and he smiles and preaches.

  Dongying people like the Three Kingdoms very much, and Xia Jingxing is not surprised.

  He deliberately tested the little dog: "Do you know that the 18th route princes succeeded in the crusade?"

  The little dog spread out his hands, "Naturally, I failed. Everyone has a ghost in their hearts, hoping to consume the strength of others and stay on their own."

  Xia Jingxing smiled and said, "So, how about these eighteen social networking sites forming an alliance? They are all mobs."

  Small dog believed it deeply, and said with a smile: “Perhaps they are not as good as the 18th-Road princes in the end of the Eastern Han Dynasty? Everyone is strong and powerful, and most of them have not even got a small amount of financing on the website.”

   After a pause, the little dog raised his head and said: "And we are not Dong Zhuo, Facebook is stronger than Cao Cao!"

  Xia Jingxing shrugged, and was too lazy to talk about the history and vassal pattern of the late Eastern Han Dynasty with the little dog.

  Looking at the little dog, Xia Jingxing asked in detail about the important clues revealed by the former: "You just said that Agency F has obtained the joint investment of Juyou.com, Diaoyou.com and George?"

  The little dog nodded, "It took me a lot of effort to find out the detailed information. The three of them invested a total of 3 million US dollars in F agency. George contributed 1 million, Dingyou.com contributed 1.5 million, and Juyou.com was the least, with only 500,000.

The pre-investment valuation of   F is 2.5 million US dollars. After the completion of this round of A round of financing, the post-investment valuation is 5.5 million US dollars. "

  Xia Jingxing nodded, chewing the content of the words carefully.

  Neither did he expect that George really found a way to deal with it.

  Besides being arrogant in his heart, this young man is not a useless waste.

  In the case that the investment cannot be stopped, the foreign aid is decisively drawn in, with the intention of sustaining the situation.

   Hold on, maybe it's a turnaround.

  According to his understanding, when George invested $1 million in the last round of angel financing for F agency, F agency was valued at 2.5 million U.S. dollars after the investment.

After so long, the valuation of F agency has not risen at all, and the number of products and users has not made any breakthroughs. It is not a round of financing at all. It is more appropriate to call "Angel +" or "Pre-A" (before the A round). Some.

  The reason for claiming that it is a round of financing is purely to put money on one's face.

  "Have you ever learned about the current shareholding structure of F agency, how many shares Zuckerberg and their founders still hold?"

  The little dog shook his head, and then smiled and said: "This can be calculated. Before George invested, the equity of F agency was 60% of Zuckerberg, 35% of Eduardo, and 5% of Dustin."

  Xia Jingxing did a simple calculation. After two rounds of financing, Xiao Mazi's shareholding dropped to 16.4%. Counting the other two founders, the management team held a total of 27.3%. The remaining shares were all taken away by capital.

It’s not too exaggerated, the capital is very ugly this year. Penguin released 40% of its shares in a round of financing. Musk’s first company Zip2 sold for 340 million US dollars. As the founder, he only got 22 million. US dollars.

   "F agency has the capital injection of 3 million US dollars, plus George's previous investment of 1 million US dollars, they can have 4 million in their hands."

  Dog reminded, "Boss, we should be more vigilant about this company."

  Xia Jingxing is calculating the shareholding structure of F company, and raised her head to ask the little dog: "Do you think Zuckerberg will lose control of the company?"

  The little dog sighed and spread his hands, "Unfortunately, they also adopt the AB-share structure just like us!"

  Xia Jingxing lost his illusion, and originally wanted to see a good show of fighting for corporate control.

  It seems that it is impossible to place hope on this.

  Only real swords and guns have had a fight with Xiao Mazi.

   "You go and notify other directors, let's have a board meeting!"

  Next, large-scale fund transfers may be involved. Xia Jingxing cannot be arbitrary, and must open a board of directors and reach consensus with other directors.

  The little dog nodded and left the office with Xia Jingxing’s entrustment.

  　Reward thank you list: Old Bookworm 1989, Mu Yutang, Book Friends 20201009194742567, Book Friends 20171201150846437, I Eat Salmon, Qinghe Sword Fairy,

  (End of this chapter)