My Age of Investment

  Chapter 322 Investment predators

  "...If you take Russian money, it is simply a price drop.

  Do you understand now? Do Russians understand venture capital? If you accept their investment, then Facebook will become the laughing stock of the entire Silicon Valley. "

  After listening to Breyer's words, Xia Jingxing understood.

  Americans not only despise the Russians, they also despise their money.

  It’s really not that I despise money. I just think that Russians don’t understand venture capital, they are “stupid money” and cannot bring resources or provide any help to startups.

   Thinking of this, Xia Jingxing suddenly admired the "strongest investor in the earth". A Russian actually bought half of the Internet in China and the United States.

  Fortunately, in China, Americans are basically as arrogant as Breyer, dislike this and dislike that.

When Yuri Milner first came to Silicon Valley, he didn’t know anyone. In order to invest in Facebook, he was rejected countless times, cheeky, and signed an agreement that was “ashamed by mainstream investment circles”. Get shares in Facebook.

  Facts later proved that everyone is trying to make money. I bend down and can earn more than you. You are envious of it!

  Xia Jingxing told Breyer about the "Russian Internet Market".

   Breyer frowned, "Do you want to use DST matchmaking to enter the Russian market?"

  Xia Jingxing nodded lightly, “Yes, if no one makes a recommendation, just break in, I’m afraid the result will not be much better.”

  Brayer frowned even more.

  It is not that Xia Jingxing is wrong, but that it is too right.

  Wall Street investment banks such as Goldman Sachs and Morgan have recruited a large number of the descendants of rabbits with real power, so they can underwrite the listing of so many large projects.

  In Breyer's view, it is impossible to do business in countries with these systems without knowing a few people with real power.

   "The Russian market is so important? Can't you enter later?"

  Xia Jingxing shook his head, “Of the European countries, only Russia has a population of more than 100 million, and there are tens of millions of Internet users, which is more than the total number of Facebook users.

  If we enter the market two years later, I think the local social network may have developed.

  You should know that Russia has a lot of talents. "

  Brayer nodded, it must be admitted that Mao Xiong has been able to confront them with the United States for so many years, there is still some foundation.

   "Well, then I will ask someone to contact you."

  Brayer did not forget to remind in the end: “But you'd better be mentally prepared. Facebook’s valuation is not cheap, and Russians may not necessarily be able to afford such a large sum of money.

  And this is for the Internet, not their favorite industries such as oil and energy. "

   "Well, ask first!"

  That being said, Xia Jingxing knew that Yuri Milner was an outlier and was confident in this person.

  …………

  …………

  As a fast-growing startup company, Facebook is very efficient.

Only a few days after deciding to establish a European branch, Luo Li went to the front and flew to the UK first, and began to contact several headhunting companies to find suitable talents for the company.

  At the same time, Facebook has also started a selection process, preparing to transfer some people to work in Europe.

  Xia Jingxing attaches great importance to this matter, participated in the selection throughout the process, and selected the most capable group of personnel.

   Then, he personally led the team and brought a dozen overseas dispatched employees to the UK.

  Facebook leased a 5000 square foot office with about 500 square meters in the CBD of London.

  After more than a dozen dispatched employees were settled in the new office, Xia Jingxing and Luo Li participated in the interview with the management of the recruitment branch.

  Google, Yahoo, eaby, and other companies with hatred of the European branches, have become the hardest hit areas for Facebook to dig in.

  After staying in the UK for half a month and setting up the framework of the branch office thoroughly, Xia Jingxing is ready to return to the US.

   Just then, he received a call from a stranger.

  "Is this Darren? This is Yuri Milner from DST."

  Hearing the English male voice on the other end of the phone, Xia Jingxing, who had become a little tired from the busy work these days, instantly refreshed her spirit.

   "Mr. Milner, hello!"

   "Listen to friends, do you want to talk to me?"

   "Yes, I am currently in London. Is it convenient to meet and talk?"

   "Okay, I'm in Moscow, I will come to visit you tomorrow."

  ……

  The conversation between the two was very simple, and Milner did not ask Xia Jingxing what his purpose was.

  …………

  …………

  The next day.

  A middle-aged bald white man in a suit and short stature appeared in the London office on Facebook with an assistant.

  "Daren, you are so young and handsome, so enviable..."

  Milner smiled and shook hands with Xia Jingxing, and kept praising the latter, looking very talkative.

   "Haha, Mr. Milner, you overwhelmed."

  Xia Jingxing exchanged a few words with Milner, and greeted the latter and the assistant to sit down in the office.

  Milner turned his head and glanced at the office. "Daren, is Facebook planning to open an office in Europe?"

   "Yes, it has been in operation for half a month, and currently there are not many employees, only about 30 people."

  Milner nodded, “The speed of Facebook’s development is really amazing.

  Even though I am in Moscow, I have heard many reports about Facebook. "

  Xia Jingxing became interested and asked: "Oh, what did the Russian media say about us?"

  Milner smiled, “They praised Facebook as the most promising company in Silicon Valley. It broke a number of Internet industry records in less than three years after its establishment...”

  Xia Jingxing smiled lightly, he didn’t believe it, would the Russian media sing praises to American companies? It's good if you don't black Chengxiang.

  However, Milner is not an ordinary person, so naturally there are more channels to understand information.

  Milner was born in 1961, a descendant of Russian Jewish descent.

  Father is an economist and mother is a doctor. He has been in a privileged family since he was a child.

  After graduating from Moscow State University in physics, he worked as a researcher in particle physics at the National Academy of Sciences of the Union before it was disintegrated, and was also a PhD in particle physics.

  One year before the disintegration of the alliance, Milner and his father turned from a scientist and an economist to a bad father, activating the hidden business attributes in the bloodline factor.

  I made the first pot of gold in my life through the business of importing or smuggling old electrical appliances and computers from the United States.

  Then, Milner’s father, who studied economics, saw the decline of the alliance, and persuaded his son to give up physics and go to the Wharton School of Business in the United States for an MBA, and became the first student from the alliance.

  After graduation, Milner, who worked at the World Bank, met Mikhail Khodorkovsky, the Russian oil and banking oligarch, worked in the investment bank of the other party, and officially began his investment career.

  Later, he quit his job and did it alone. He opened a macaroni factory and established a multi-million-dollar small venture capital fund called "Network Bridge."

  But they haven’t made any big names. The only bright spot is that they invested in Mail.ru, one of the three largest Internet companies in Russia, and served as the CEO of this company.

  At present, Milner has just founded DST, and he has not yet started the true glory of his life.

  DST likes to invest in mid- to late-stage Internet companies, and often sells for hundreds of millions of dollars.

  Because the investment is in some companies that have already emerged, the probability of success appears to be very high.

  Because of the late investment, the rate of return on investment does not seem to be high, but the absolute return is very considerable.

  For example, 200 million US dollars to win 2% of the shares of Facebook, the return rate is only 20 times, but the income is as high as 4 billion US dollars (withdrawal soon after listing).

  Looking at the world, Facebook, Twitter, Shengpotian, Ari, JD, Xiaomi, Meituan, Didi, ByteDance... have all been voted once by DST.

  Only from the Chinese market, DST has made at least tens of billions of dollars.

  Among them, Jingdong, Xiaomi and Meituan Dianping have book returns of 4.289 billion U.S. dollars, 3.18 billion U.S. dollars and 763 million U.S. dollars, respectively, and the three orders total more than 8 billion U.S. dollars.

  In the words of the industry, this report card made Sun Zhengyi cry, Buffett was ashamed, and Shen Beipeng was in awe...

  DST can play so big, mainly because there is a Russian oligarch named Alisher Usmanov behind the strong support.

  In addition, many well-known companies such as Penguin, South African Press, Tiger Fund, etc. are also shareholders of DST, so this company can be well-known in the Internet circles in China and the United States.

  However, Alisher Usmanov was the only one in the early days of DST.

  This man has long been the richest man in Russia. As an oligarch, he has not been liquidated, mainly because he has a good relationship with the polar bear government.

  This is also a point that Xia Jingxing values ​​more. Pulling DST into the car, everyone becomes a family, and it can also provide a certain amount of care for Facebook to enter Russia.

  　 will be updated twice, and will be added tomorrow or the day after tomorrow.

  (End of this chapter)