My Age of Investment

  Chapter 358 Sequoia China

  Xia Jingxing’s public homepage was posted shortly afterwards, and it was highly recommended by Facebook.

  Many users have seen this dynamic on their own information flow page, hamburger, coke plus two chicken drumsticks, and a text introduction.

  Middle-aged and elderly people who don’t pay attention to popular online quotations don’t know what they mean and skip it directly.

  But young people are different, and instantly understand this stalk.

  Many people also clicked on Xia Jingxing’s public homepage, which contains a lot of photos and videos. The account is still verified, and it is confirmed that it is the deity.

  Many people have clicked the follow button, adding a number of fans to Xia Jingxing’s Facebook account.

   Most Facebook users have only one personal homepage, which is equivalent to a circle of friends. Only when you add friends to each other can you see each other.

  The public homepage can be regarded as a WeChat official account, which has a certain threshold for opening and is one-way communication.

   A few days ago, Facebook launched the public homepage function, and invited a group of celebrities and celebrities to settle in. Xia Jingxing also took advantage of the trend to enable this function for his account.

  Because he has not been promoted on a large scale before, he now has very few fans, only 30,000.

  After this post is sent out, the number of fans displayed is increasing at a speed visible to the naked eye, and every time it is refreshed, thousands of fans are added.

  Xia Jingxing looked at the little dog and asked, "Did you arrange it?"

  The little dog chuckled, "Anyway, this product has only been launched for a few days, and it is also helping some celebrities to promote it. It's easy!

  I just sent a text message to Evans, saying that your account has sent a new update, he is a sensible person. "

  Xia Jingxing did not ask any more. Although he could no longer intervene in the affairs of Facebook, Cengbo's recommendation was still okay.

  He cast his gaze on the computer screen and flipped through the comments.

   "Hahaha, it's really Darren! I thought who was spoofing!"

   "Buffett wants to tell you that KFC is not as delicious as McDonald's."

   "Do you really eat KFC? It feels like a show."

  "If you post only one day and you are suspected of being a show, if you post it every day, I will believe you."

  ……

  The comments are varied, some praised, some questioned.

  Foul language, racism and other comments are also there, but very few.

  Because Facebook is a real-name system, everyone is responsible for what they say.

  Xia Jingxing ignored the small number of sprays, which cannot be completely eliminated, just filter it automatically in the brain.

   Looking through the comments, Xia Jingxing also replied to a few friendly comments.

   Then he shut down the computer and waited for the fans to increase automatically.

  …………

  …………

  SandHillRoad, translated as "Sand Hill Road" in Chinese, is located in the southeast of San Francisco, backed by the Pacific Coast Mountains and facing San Francisco Bay. The environment is clean and beautiful, close to Silicon Valley and Stanford University.

  This is the most prominent road in Silicon Valley and even in the United States. It gathers the most important venture capital institutions in the United States. The significance of the technology startup market is just like Wall Street is to the securities market.

  Zhang Chenguang drove the car in the front row, Xia Jingxing sat in the back row and looked at the whole block.

  The entire Sandhill Road block can be regarded as a venture capital fund town, where Sequoia Capital, Kaipeng Huaying, Axel and other venture capital institutions are all concentrated here.

  In the early days, the faculty of Stanford University provided financial support to entrepreneurial students, which can be regarded as the prototype of Dune Road venture capital.

  In 1972, Kaipeng Huaying, the first venture capital institution, settled in Shaqiu Road.

  In 1980, Apple successfully went public, attracting more venture capital to Silicon Valley.

  Developed to this day, it has gathered one-third of the venture capital institutions in the entire United States.

  The block is very ordinary, the houses on both sides of the road are very low, hidden in lush trees and bushes.

  Sand Dune Road is 17 miles from Silicon Valley, and it takes about 20 minutes to drive from Silicon Valley.

  The car parked in front of a simple two-story building. Xia Jing walked out of the car, glanced at the leaf sign at the door, and walked in.

  Moritz stood at the door, welcoming Xia Jingxing with a smile.

   "Daren, long time no see!"

  Xia Jingxing shook hands with the other party, "Yeah, it's been a long time."

  For the old man Mo, Xia Jingxing's perception is a bit complicated.

  Sequoia Capital wanted to invest in Facebook for a long time, but the valuation could not be agreed, so it was preempted by the more aggressive Axel.

  Looking at the better and better development of Facebook, the old man Mo regretted it and tried to make up the ticket again and again. The valuation quotes ranged from 1 billion US dollars to 2 billion US dollars to 5 billion US dollars.

  When discussing investment with Microsoft some time ago, Xia Jingxing contacted the old man Mo, 10 billion U.S. dollars, no bargaining!

  Then Old Man Mo really didn't have to counter-offer, so he gave up.

  Sequoia Capital is very famous, and it sounds bluffing, but in fact it is the same thing.

  The operation of VC institutions and PE institutions are two different models, and the investment targets are also far apart.

   Facebook’s valuation has expanded to US$10 billion, which is no longer the size that Sequoia can eat.

Of course, more than ten years later, the top VCs will invest 300 million or 500 million US dollars at will. They are not that big right now. The first phase of the fund may be so big, but no one dares to take all of the stocks in a company. Cool.

  In fact, Sequoia Capital can also participate in the investment, more than 100 million US dollars to win a share of Facebook.

  But Moritz didn't take the initiative to mention this, and Xia Jingxing didn't say it, lest the old man feel that he was humiliating him.

  In fact, the old man Mo is really regretful now that he has lost his intestines, and he has gone to his grandma's house.

  However, the business belongs to business, and he didn't get angry.

After a few words of greeting, he took Xia Jingxing to his office.

   instructed the secretary to make a cup of coffee for Xia Jingxing. The old man sat down next to the sofa and slowly said, “Dalun, you have left Facebook now. Do you plan to engage in long-term investment in the future?”

  Xia Jingxing didn’t know why the old man called himself today, and without asking more, he sipped his coffee, nodded and said, "Yes."

  "I think your stall is quite large, and several types of funds are operating at the same time."

  Moritz looked at Xia Jingxing with a smile.

   "Haha, the funds have to flow, right?"

  Moritz was silent for a moment, and then said: "I heard that you sold 10 points of Facebook equity. Are you planning to use the money for investment?"

  This matter was done very low-key, but I couldn’t hide it from the caring people. Seeing the old man knew, Xia Jingxing also admitted, “Yes, I injected some into the fund.”

  Moritz nodded, and said: "I know you are a good hedge funder, but VC seems to be quiet?"

   "I have invested in a few companies, and I am just a layman."

  Moritz laughed dryly, "You are humble, I heard that Scape has been valued at several billion dollars, and eaby is very interested in this software with 20 million users."

  Almost few people know that they have invested in Scape, and even the media reports have missed the company.

  Xia Jingxing looked at Moritz, his eyes a little wary, what does this old man want to do? Investigate yourself?

  Moritz smiled and waved his hands, "Daren, don't get me wrong, these news are not difficult to check.

  I also know that you have invested in Chinese video site Tudou, classified information site Ganji.com, and elevator print advertiser Frame Media.

  In addition, you also participated in the first round of financing of LinkedIn and Tesla in your own name. "

  Xia Jingxing smiled and said, "Mr. Moritz, just tell me, let’s not play hide-and-seek anymore."

  Moritz smiled and said: "There really is no other meaning. I found out, Darren, you seem to be born suitable for our business.

  I briefly looked at the survey reports of the companies you invested in, and the evaluations are very good, and they all hope to be completed. "

  Xia Jingxing did not speak, but was a quiet listener.

  "To be a VC, business sense and judgment are very important. These are all trained by professional training and after seeing countless cases.

  Of course, you have run Facebook for three years and brought Facebook to a valuation of tens of billions of dollars. Naturally, you are unique.

  After all, people who have been entrepreneurs know entrepreneurs best. "

   Seeing Xia Jingxing’s silence, Moritz finally stopped sloppy and started talking about the topic: “Sequoia Capital has been investigating the Chinese market for a long time, and we plan to establish a fund in China.

  Inviting you over today, just to work with you. "

  (End of this chapter)