My Age of Investment

Howard thought for a while, and after sorting out the language in his mind, he called Xia Jingxing.

As soon as the call was connected, Howard's hearty laughter came: "Haha, Darren, I heard that you have encountered a little trouble with financing recently?"

Insert an app: A perfect replica of the old version of the book-chasing artifact, an app that can change the source--Mimi Reading.

"No trouble talking!"

Xia Jingxing was also a little surprised when he received a call from Howard, but he concealed his emotions well and said indifferently: "For venture capital institutions that do not understand and are not optimistic about what Facebook is doing, we speak from the heart, Nor does it wish to establish cooperation with these institutions.

Because we also have criteria for selecting partners, even if some institutions that do not meet our conditions cooperate in the short term, in the long run, there will be differences..."

Xia Jingxing didn't say much, because that would appear too weak.

At the same time, he also showed his own attitude and was very strong. The subtext is that Facebook will not bow its head in valuation.

He suddenly received a call from Howard, and he did not know the intention of the other party. He guessed that it was likely to pressure Facebook to lower the offer.

Howard smiled, "Daren, you are right, some short-sighted institutions are indeed not worthy of cooperation.

But we, Defengjie, do not belong to that list of institutions, and we have decided to accept your offer.

$300 million right? We will send you the Letter of Intent to invest now. "

Xia Jingxing was a little confused, he didn't even start to make moves, so De Fengjie compromised first?

Shouldn't it be? Isn't the pressure they did in front of them meaningless?

The other end of the phone did not speak. Howard thought that Xia Jingxing was thinking carefully and did not interrupt him. After more than ten seconds, he continued: "De Fengjie is very sincere, and he is also the most optimistic about Facebook's venture capital institution. .

How about it? If you agree, we will issue a letter of intent for investment, and we will begin to organize personnel to conduct preliminary due diligence. "

Xia Jingxing's mind turned quickly, and he quickly thought about countermeasures.

The letter of intent for investment is not so easy to receive, and there is usually an exclusivity agreement in it.

In other words, after accepting Defengjie's investment letter of intent, you cannot contact other investment institutions within the exclusive period of 1-2 months, otherwise it will be a breach of contract and you will have to bear legal responsibility.

If you spend a month or two in vain and don't negotiate with De Fengjie, then it will not be easy to negotiate with other investment institutions, which means that you will have less weight in your hands.

This was not the result Xia Jingxing wanted.

"Sorry, you are a step late."

Howard was nervous, but he still pretended to be calm and asked, "Is there any other investment institution contacting you? Is it Sequoia or Kleiner Perkins?"

Howard pretended to be very good, but Xia Jingxing still heard something strange.

He wanted to fool the other party, but this kind of thing can't be a joke? Can't gamble with personal credit? He smiled and said, "No? We decided to delay financing."

Howard heard this? He was relieved a lot? He was afraid of being preempted by other investment institutions. It was not the worst case.

Howard asked calmly? "Isn't the original plan to complete the A round of financing this year? Why is it delayed again?"

Xia Jingxing explained: "Thanks to the cooperation with Amazon, the promotion effect has been very good recently? They called us another sum of money, and the number is quite considerable.

Are we going to take this money? Do more things to get better market feedback from Facebook? Then open the Series A financing. "

Howard was thinking, "Do more things" in Darren's mouth? Does it mean expanding the international market?

But he couldn't ask these words out, and as soon as he asked, it was exposed, it seemed that their organization valued Facebook too much? He would be slaughtered by the other party.

He is also very confused now.

If it is too urgent, it is estimated that the $300 million valuation will not be able to win Facebook;

But if you continue to wait? It's hard to say that it won't be cut off by other agencies.

If it is only a project with a valuation of several million, it is easy to say, just throw money directly, even if it is a little more expensive, it will not be too expensive.

But Facebook is different. The valuation is calculated in billions, and the unit of financing is tens of millions.

Even if the scale of Defengjie is not small, it cannot be said that it does not take tens of millions of dollars into consideration and grabs projects at a premium at will.

In addition, Xia Jingxing's behavior of "returning on his promises" is not easy for him to speak harshly, saying that De Fengjie completely withdraws from financing to force Facebook to submit.

Young people have a big temper. If they take this seriously, it will be self-defeating.

Moreover, institutions such as Sequoia Capital and Kleiner Perkins Huaying are not weaker than Defengjie, and even slightly surpass them, still eyeing Facebook.

"Let's do it first!"

Howard didn't say much and hung up the phone hastily.

Then he approached the big boss Draper to discuss countermeasures.

"what?"

Draper thought he had heard it wrong, and asked again: "You said he rejected our letter of intent?"

Howard's face sank and nodded.

"Damn!"

Draper slammed the desk and turned his slightly grim face away.

After he calmed down, Draper looked at Howard sitting opposite him, and asked calmly, "The $300 million has been rejected, so how much does he want?"

"He didn't say, maybe 400 million, maybe 500 million..."

Howard had half a sentence of "or more" to his mouth and swallowed again.

He saw Draper's face was very ugly, and he didn't want to add fuel to the fire.

In fact, he believes that Defengjie Investment has made some mistakes this time, and should not deliberately hang on Facebook.

Did the car roll over now? Who do you blame?

"Okay, then we'll continue to wait and see who can't survive it."

Draper finished venting, thought for a while, and suddenly changed to a smiling face, and ordered: "You arrange for another group of people to contact the dating network, and at the same time release the news to let the media and Facebook know. ."

Howard hesitated. "This is not good? In case Daeron is angered..."

"So what's wrong with angering him?"

Draper's face was terrifyingly black. "Since they don't accept our friendship, can't we go and chat with new friends?"

Howard advised, "That said, I'm afraid it will backfire."

"Howard, you have many advantages in this person, the only disadvantage is that your character is too weak."

Draper said with a sullen face, "There is also the matter of investing in Scape last time. If you insist a little more, I believe that 20% of the equity is ours, and there is no need to give eight points to the Chinese boy."

"I……"

Howard's face was very ugly, and he was hesitant to say anything.

At that time, he did not want to have a conflict with a stunned young man, so as not to drive up the project valuation several times, the starting point was also for the good of the company.

And, most importantly, he did this after consulting Draper and getting the authorization of the big boss.

Now that Skype has developed, he has been pushed out as a scapegoat.

What if it doesn't develop well?

Howard's complexion kept changing, and he finally swallowed his breath, not daring to talk back to the boss.

When things developed to this point, he was already disheartened and didn't want to care about it. The boss likes to do it, just do it!