Rebirth: From Internet to the Sea of ​​Stars

Chapter 62

Lucia stood up directly, “Impossible, this valuation is too outrageous, how could the price increase so much? Are you kidding me?”

Su Cheng leaned back on the sofa seat and said helplessly, “I told you before, now this is now and then, if you don’t want to, then I can continue to burn money inside. Speaking of it, I still have money, and I can burn it for a year or two without a problem, but maybe even bigger at that time.”

Upon hearing this, the two people thought of the scene of the first negotiation. At that time, everyone only had more than 30 million users. They quoted 100 million U.S. dollars, and Su Cheng directly quoted 300 million.

Then… Uh, there was no agreement.

But now, this valuation is really crazy.

“President Su, the current Penguin only has a valuation of 1.2 billion U.S. dollars. You directly call everyone 1.5 billion U.S. dollars. We cannot accept this.”

Su Cheng smiled and said, “Then you can wait, I’m not in a hurry. In addition, you have to know that I have a human game platform. This large platform has more than 70 million overseas. This is the same number of users as Facebook. What do you think will happen if I push everyone out with all my strength?”

The two men lowered their faces and began to think.

Su Cheng continued, “In addition, the most important thing is that I own shares in Facebook and I am the second largest shareholder. I also have a great say.”

When these words came out, the two felt a little suffocated.

“We need to communicate with superiors. Please forgive me, Mr. Su, and I will reply to you tomorrow.”

Seeing the two people who left, Su Cheng smiled, and then dialed the domestic telephone.

“Lao Zhou, has the share reform been done?”

“It’s done, but, are you sure you want to change this way? I think I took a bit too much…”

Su Cheng laughed loudly, “How come you have said so much?”

“In the acquisition of Xiaonei.com, Wang Xing obtained 2% of the shares, and now you give him 3% of the management shares, you get 5% of the shares, and then set aside 15% of the option pool, which will be rewarded in the future. All employees of the company, I own 75% of the shares.”

“It’s okay, Lao Wang, how do you feel about it?”

Wang Xingxiao’s face was cracked, “Hahaha, Mr. Su, I’m taking advantage, with a valuation of 1.5 billion U.S. dollars. Oh my god, I’ve made a profit. It’s less than a year. I have nothing to say. , Boss atmosphere.”

Indeed, the development strategy was formulated by Su Cheng, and the funds were provided by Su Cheng. They are already satisfied with the shares.

Su Cheng always thinks that if you want a horse to run, you have to let the horse eat the grass. In the future, both of them will be alone. Without the restraint of shares, they will run away at any time. .

Moreover, the share quota cannot be too low, and people will look down upon it if it is too low.

Five percent is already Su Cheng’s future answer.

“It’s okay. Let’s arrange it like this. The minimum valuation of 1.2 billion US dollars, 1.2 to 1.5 billion, let me talk to them. Internationalization is also easier.”

“Listen to President Su’s arrangement.”

All three people are satisfied. Even if 5% is 1.2 billion US dollars, that is 60 million US dollars, which is nearly 500 million yuan. Is it good or not? The future potential of the company is huge.

The next day, Lucia and Mike, who came again, were obviously a bit tired. They also held a lot of meetings overnight, and finally finalized their intention to cooperate.

Came to the conference room again, this time it was obvious that Su Cheng smelled the US dollar.

“US$1.5 billion is too high. Even Penguin hasn’t reached it yet. We agree to the investment of US$1.2 billion this time.”

“1.3 billion!”

“US……”

“1.3 billion, 12% of the share transfer quota.”

…………

“Congratulations to President Su, you have succeeded, you are already a billionaire! It’s less than a year, but we need investment opportunities from the Renren game platform.”

Su Cheng hummed twice. I have been a billionaire in two months, okay? Let’s talk about it later.

“Yes, I’ll talk about it later, Renren Technology, the two companies each have 6%, can it?”

Mike and Lucia looked at each other.

“Can!”

“The option pool is held by me and has the right to vote, do you agree?”

The two nodded again, “Agree!”

If you are ready to be taken advantage of, then take it to the end.

Then Su Cheng took out the final share list.

According to the investment agreement, Goldman Sachs and Red Shirt acquired a 12% stake in Renren Technology at a valuation of 1.3 billion U.S. dollars and invested 156 million U.S. dollars.

I skipped the angel round and came to the A round of financing.

The final list of shares of Renren Technology, the share shares of each major shareholder are:

The option pool reserve is: percent

Su Cheng: 66%

Around one: 4.4 percent

Wang Xing: 4.4%

Goldman Sachs: 6 percent

Red shirt: 6 percent

This is the final share after the final investment.

66% of the shares are actually about the same. According to Su Cheng’s estimation, another round of financing will be raised at the end of this year or early next year at the latest, which is the B round of financing. Wait until the end of 2006 to have another round of C round, and then in 2007 In the listing.

It happened to be stuck before the financial crisis. When it comes to the financial crisis, someone will definitely sell it. Then there will be another wave of repurchase. This is quite comfortable.

With two more rounds of financing at most, Renren Technology will definitely be listed.

At that time, Su Cheng’s final stake will be at least about 40%, which is relatively sufficient.

Many Internet company founders have only single-digit shares left after they go public.

“Then we also need to formulate the ab share system. If we agree, then sign the contract of intent. When you get to the Facebook side, let’s sign it together, how about?”

“Agree! It’s just on the Renren game platform…”.