My Age of Investment

  Chapter 44 Filling the Old Man with Ecstasy Soup

   "Have thought about it! I want to make Facebook a great company that will change the world."

  Xia Jingxing’s answer made Old Man John a little unbearable. Young people nowadays always love to talk about “changing the world”.

  You change the world, and he also changes the world. Is the earth still the way it is now?

  However, he did not criticize Xia Jingxing for being so lofty, young, who has never experienced strong winds and waves, and always thinks that success is at his fingertips.

   "Mr. Hennessy, do you think I'm talking big?"

  Old John waved his hands again and again, "I don't have one! I am very pleased to see you young people so passionate about entrepreneurship.

  The future of the world, after all, belongs to you. "

  Xia Jingxing smiled, “Although our website is still very young, it has been moving towards its goal.

  Aren’t HP, Apple, Microsoft, Amazon, and Google all born in the garage?

   Facebook was born in the dormitory, and the future will not be worse than the companies that came out of these “garages”. "

  Old man John felt that the Chinese boy was so crazy that he didn’t want to continue discussing this topic, and asked about Facebook’s detailed development plan.

  "After the promotion of the eight Ivy League schools is completed, we will set our sights on the universities in the United States, and even universities in the world..."

  Xia Jingxing did not disclose any longer-term plans, such as "face to 6 billion people on the earth" and "out of the university campus"...

  Hearing this, Old John nodded secretly. Although the Chinese boy is "crazy", he is not stupid and does not blindly expand. He always focuses on the areas he is good at.

   Judging from the popularity of Facebook on university campuses, it is really possible to create a campus social networking site with a large number of student users.

  Of course, this is only possible.

  There are too many difficulties and obstacles on the road to success, and the founding team of Facebook is all students, and defects in company operation and management experience may cause this project to fail halfway.

   "Very good idea!"

  Principal John exaggerated, and then said with a smile: “The school has always encouraged and supported students’ entrepreneurship. Have you encountered any difficulties? The school can provide some help.”

   "We lack a space."

  Xia Jingxing explained, “Our current office space is all in the dormitory, and there are female members in the team, which is very inconvenient.

  In addition, subsequent expansion may also need to recruit a certain amount of manpower.

  The most important thing is that we still lack an angel investor to help us get in touch with Silicon Valley. "

  "Venue", "Angel Investor".

  John thought about these two issues. After a while, he said: “There are several buildings in the school, all of which are used as entrepreneurial office space for students.

  I will talk to the academic affairs later and give you an office, allowing you to use it for free for half a year. "

   "That's great, thank you Mr. Hennessy and the school for your generosity."

  Xia Jingxing just said that, not taking it too seriously, but the old man actually agreed, really rich!

  "As for angel investors..."

  John paused, "In this way, I will give you the contact information of some angel investors.

   are all alumni who graduated from our school, you should contact them yourself.

  As for whether you can get the investment, it depends on the skills of you and your team. "

  Xia Jingxing was a little disappointed, he actually wanted to get the old man aboard.

  The principal of Stanford is an angel investor, and he is very pretentious when he speaks out!

   "Mr. Hennessy, I heard that you are also doing angel investment. Can you consider our Facebook?"

  Old man John first smiled, then shook his head and said, “To be honest, I don’t understand the model of Facebook. Where is your future profit?

  Darren, I suggest that you should also be mentally prepared.

  It’s not a few years ago. At that time, as long as the company and the concept of the Internet were connected, the stock price could skyrocket.

  But after the stock market crash, many venture capital institutions closed down or became less active.

  The concept of light play is no longer feasible.

  In addition to “technical innovation” and “model innovation”, if you want to get investment, you must have a bright future that can convince investors. "

   "I know this, but we are still in the stage of user development. It is impossible to implant ads when we come up. That will affect the user experience and is not good for expansion."

  Xia Jingxing is very clear about the profit model of Facebook, but it is not convenient to disclose it at present.

  Good things have to be hidden and tucked away, and when they come out, they are no secret weapons.

  Now in the Internet industry, we all know that "advertising" is a way to monetize, but the monetization is done very rough, just hang ads directly, and it's done!

  What kind of "big data customer portrait" and "precise advertising" will have to wait a few more years.

  "Yes, advertising is a profit model. But after advertising, will users still use Facebook?

How to balance profitability and user experience?

  These are all questions that you need to think about carefully in your future development. "

  Old man John felt that Xia Jingxing had some insights into the Internet, so he said something more.

  "Mr. Hennessy, you have invested in Yahoo and Google, and both have received good returns.

  But have you thought about it? If you invested in them earlier, how many times the return would you get today? "

  Xia Jingxing didn't mean to tease the old man, but just aroused him with this.

  The founders of Yahoo and Google are all Stanford students.

  At that time, John was not the principal, he was just a professor, but he also succeeded in starting a business and was very rich.

  In such a "close to the water tower" situation, the old man did not have a "first-served month", and only made more than 40 million US dollars on Yahoo and Google.

  The market value of the two giants has reached the level of hundreds of billions and trillions of dollars. They only made tens of millions of dollars in investment, which is really not that much.

  Old man John was silent for a while. It was indeed not very early for him to invest in Yahoo and Google.

  Google has not yet been listed, and its valuation is not particularly high, but Yahoo has a market value of hundreds of billions of dollars.

  If he had joined in Yahoo’s first round of financing and invested hundreds of thousands of dollars, now he is afraid that he will make billions of dollars.

  He also regretted this matter for a long time in private, but he didn't expect that the guy opposite would also know about these old things.

   "In this way, you let me think about it, and I will reply to you when you officially start financing."

  Old man John thought about it carefully, and felt that he really couldn’t be too arbitrary.

  Observe for a while. If Facebook really has the potential to invest a little money, it will not be a big deal for him, a billionaire, even if he loses all money.

  But if Facebook grows into a behemoth, it will really make you crazy.

   But reason told him: The kid in front of him is fooling himself, and Yahoo’s splendor is so easy to replicate. It is a high probability event to lose all.

  But angel investment is like this, high risk and high return!

  Although the old man did not directly agree to invest, he is willing to wait and see and think about it.

  Xia Jingxing's goal has also been achieved, and there is no more to say.

  It was only then that Old Man John remembered, why did he come to Darren?

  Resolve disputes?

  Why is it sent to the office and investment?

  Is this Chinese boy really only 18 years old?

   Putting away his thoughts, Old Man John talked about the solution to Xia Jingxing’s racial discrimination.

  "The school means that Phyllis and Ryan will publish an apology in the school newspaper, and then the school will give them a certain penalty.

  After all, they are in their senior year and will graduate in one year. They may be impulsive, saying a lot of things that shouldn't be said, and we can't destroy their entire lives because of this.

  Dalun, through communicating with you, I can feel that you are a sincere, kind and generous child.

  Can you forgive their behavior? "

  Xia Jingxing thought for a while and said, “Stanford is an inclusive school, and it is great because of it.

  I can forgive them, but I must let them stop plagiarizing Facebook.

  Because of their plagiarism, Stanford’s “original technology” has become a joke in other schools.

  At the same time, I also hope that the school can pay attention to this matter, and use this as a case to strengthen the relevant management and punishment system, so as not to happen again and harm other international students. "

   "No problem, your suggestion is very good, we adopt them all."

   John smiled heartily, thinking that the many "gifts" in front of him were not given in vain. This little guy is a very interesting person.

  Sitting in the position of the principal, he is not good at dealing with this kind of racial discrimination.

  The punishment is too severe, and I am afraid that the white people will have opinions again, and it will be a lot of trouble at that time, and it will be more difficult to end.

  The punishment is too light, international students are not satisfied, and the school’s reputation will be damaged if it’s broken.

  The best way is to make the punishments not light or heavy, so that both parties can accept it, and then slowly calm the situation down.

  (End of this chapter)