My Age of Investment

  Chapter 256 Krypton Player

   "I heard that you and Elon had a very unpleasant relationship?"

  In a cafe not far downstairs from Facebook, Reid Hoffman in a rumpled shirt asked.

  Xia Jingxing took a look at the fat man sitting on the seat with his belly still high.

  Thinking that the other party wanted to make peace, he smiled and said, “It’s okay, he wants to dig employees of an electric car company called Tesla that I have invested in.

  As a result, the man didn’t poach him away, and I didn’t say anything, he was **** off himself. "

  Xia Jingxing spread out her hands, looking helpless.

  Peter Tell laughed, "His person is like this, no one is allowed to disobey him, he must be listened to.

  At that time, our two companies merged. As a core condition, he was also the CEO.

  Finally, in order to have a better development of the company, I chose to make concessions. "

  Xia Jingxing nodded. He knew about it. At that time, Peter Thiel and Elon Musk each had an electronic payment company. After the merger, Musk was the CEO of PayPal.

  If such conditions cannot be met, Musk will definitely not agree.

  Hoffman didn't mean to persuade him at all. After asking about Xia Jingxing's grievance with Musk, he did not continue the topic.

  He looked at Xia Jingxing and said with a smile: "We are looking for you. In addition to talking about the development of Facebook, there is one more thing I want to notify you. LinkedIn has officially launched Series B financing."

  Xia Jingxing looked at each other with a smile, "Congratulations, Reid, LinkedIn is a complete success, and one step closer."

  Hoffman smiled, smiling very restrained, even somewhat reluctantly.

  He gradually smiled, and said faintly: “Sequoia Capital and the first round of capital do not intend to exercise the follow-up investment rights.”

  Xia Jingxing thought about it for a while and understood the ideas of these two institutions.

  In the final analysis, LinkedIn's development is too slow.

   is not only slammed by Facebook, but the number of users of the newly established Juyou.com is far more than that of LinkedIn.

  However, because LinkedIn is a business social network, it cannot be compared with ordinary social networking sites.

  "Do the two of them think that the user growth is too slow?" Xia Jingxing asked calmly.

  Hoffman nodded and gave a wry smile, "We have actually worked very hard, but the old guys don’t know how to socialize.

  Dylan, you should know best what LinkedIn is doing and how clear we plan for the future. "

  Hoffman was a little gaffe, and his tone was a little excited.

Peter Thiel did not invest in LinkedIn, but the two are good friends. He couldn't help but say: "Reid, don't be discouraged. It's fine if the old shareholders don't follow the investment. You can only find new shareholders to invest. what!"

"Yes."

  Xia Jingxing smiled and said, "I still firmly believe that LinkedIn can create its own success."

"thank you all."

  Hoffman's will is a little bit depressed, not only the B round of financing is not smooth, but also the reason why LinkedIn's development has been slow.

  What Moritz said, he still remembers in his mind: If you have one-tenth the development speed of oil pipeline, I will let Sequoia Capital participate in the B round of financing.

  This old man is actually right, and even the new website that has been established more than a year after the oil pipe family has run in front of them.

  As for LinkedIn, the number of users just exceeded one million some time ago.

  In order to accomplish this unremarkable goal in Moritz's eyes, they spent nearly a year and a half.

   Xia Jingxing observed his words and colors, and realized that his opportunity had come.

  He smiled and said: “I made a fortune from investing in securities some time ago. I am worried that there is nowhere to invest the money. Or, let me invest in LinkedIn’s Series B?”

  Hoffman smiled and said: "This is not a small sum. We want to raise 10 million US dollars."

  Xia Jingxing nodded, "I know this is not a small number, but I believe you.

  In addition, I really have 10 million.

  I invested another 10 million in Tesla some time ago, and the delivery will take place in a while. "

  Peter Thiel curiously asked, "Is it the money made by the Lixia Fund?"

  Because he is a shareholder of Facebook, Peter Thiel also knows some of Xia Jingxing’s industries, such as investing in Tesla and establishing Vision Capital.

  Xia Jingxing shook his head, "This fund has just been established, and I haven't invested much yet. How can I make money for me."

  Peter Thiel smiled, “Don’t get me wrong, it’s mainly because there are small circles in Silicon Valley discussing where your money comes from?

  Invested in Tesla for 16.3 million U.S. dollars, and also invested hundreds of thousands of U.S. dollars in LinkedIn.

  Some people say that you sold part of Facebook’s equity. But I know, you don't. "

   Seeing that this topic could not be avoided, Xia Jingxing briefly talked about his previous personal trading in stocks.

  When they heard that Xia Jingxing had made more than 20 million U.S. dollars, the two were just astonished. They did not appear to be exaggerated. After all, they were all people who had seen big money.

   "Dalun, why don't you ask me to raise funds?"

  Peter Thiel smiled and said, "I also have a hedge fund!

  In the future, it can be developed into a fund of funds to provide you with a portion of the capital contribution. "

  Xia Jingxing did not contact the other party at first, mainly because he felt that the other party had a large-scale hedge fund, and at the same time he was doing angel investment, indicating that he was a financial manager.

  It seems that he is narrow-minded, and seems to have missed a good fundraising opportunity.

   "Okay, about the hedge fund, let's talk about it later."

  After finishing speaking, Xia Jingxing looked at Reid Hoffman and said with a smile: "Today I will only talk about LinkedIn."

"it is good."

  Peter Tell nodded, he actually said casually.

  His own hedge fund has developed well, and he has no intention of developing towards a fund of funds.

  If the return rate of Lixia Fund is very good, it is not impossible to consider cooperation.

  But this is all for the future, and it is indeed too early to talk about these at the moment.

  Reid Hoffman smiled and said: "Daren, I still want to find institutional investors.

  With the endorsement of well-known investment institutions, the future C round of financing will be much smoother. "

  Xia Jingxing did not think that the other party underestimated him.

  Because he is now an angel investor, he just beats the drum.

  Only invest in some projects that well-known institutions don’t like, or a small share of follow-up investment.

  Hoffman, a veteran entrepreneur, is not a last resort. The B round of financing will never choose his angel investor.

  Because there is no brand, there is no follow-up resource sharing.

  The reason why he agreed to invest in LinkedIn was because of the investment rights of Facebook in exchange with the other party.

  "Dalun, let's do that, when I find the lead investment agency, how about you come to follow up the investment?"

  Hoffman also didn't want to make the relationship too rigid. After all, the other party was also kind to invest in LinkedIn, so he said something like this.

"sure!"

  Xia Jingxing doesn’t dislike it at all. After all, it’s better to be able to make a follow-up vote than nothing.

  "Is this follow-up investment outside of the anti-dilution clause?"

  Xia Jingxing asked specifically, wanting to understand more clearly.

  When the B round investment institution enters the market, according to the A round investment agreement, their A round shareholders have the right to increase their capital to ensure that their equity is not diluted.

  He holds three stakes in LinkedIn, not much.

  If you just exercise the anti-dilution clause, you will not be able to take this opportunity to get enough shares in LinkedIn.

   "This, I can't answer you temporarily."

  Hoffman smiled and said: "It depends on the specific situation of the B round of financing."

  Xia Jingxing guessed what the other party meant.

  If it is a financing of 10 million US dollars, and find an institution to finance it, it should be fine for yourself.

  If you don’t melt enough, you should still be able to follow you and have a bite of soup.

   "What about the valuation?"

  Xia Jingxing has little capital now, and when it's time for money, he can't be counseled.

  Venture investment is what he is best at, and it earns more than stocks and earns more steadily.

  (End of this chapter)