My Age of Investment

"Mr. Breyer, Facebook has signed an "exclusive" agreement with you. Axel can no longer invest in other social networking sites, because they are all Facebook's competitors." Before Xia Jingxing could speak, the old man John Jumped out and fired at Breyer. Generally, only venture capital firms require startups to sign exclusivity agreements. When it came to Facebook, the situation was reversed, requiring Axel to sign an exclusivity agreement. This is also to prevent Axel from investing in competitors and leaking Facebook's trade secrets. After all, this company has a record of "commercial espionage", so Xia Jingxing could not handle it with care. "Mr. Breyer, are you planning to breach the contract?" Andrew leaned against the chair, turned the pen in his hand, and looked at this little white face who looked younger than him with a playful look. He is in his thirties this year, and Blayer is in his forties, but he looks like he is in his early thirties, which makes Andrew very uncomfortable. Moreover, Xia Jingxing had already greeted him and asked him to stare at Breyer to prevent him from doing any tricks. Puppy, Yang Niu, and Evans also looked at Breyer with dissatisfaction, doubt, and worry in their eyes. Blayer was very calm, and under the "scrutiny" of so many eyes, he spread his hands with a smile, "Didn't I ask you to discuss? Axel will never do anything against business ethics. I'm talking about this, first of all to ask for your opinions, and secondly to ask Facebook to invest in this social networking site together. Facebook doesn't plan to enter the Chinese market in the next few years, but Chinese entrepreneurs won't wait After the birth of Yahoo, three major Chinese portal websites, Sina, Sohu, and NetEase appeared in China; After the birth of eaby and Amazon, eBay and Alibaba appeared in China; after Google, China appeared After ICQ, OICQ appeared in China, and now it has changed its name to QQ due to the pressure of infringement.” Breyer glanced at Xia Jingxing, then glanced at other people present, and continued: “Let’s call this model a model called QQ. "Copy in China" is copied in China. The Facebook model is also favored by Chinese entrepreneurs. Now in China, every time a period of time passes, a new SNS website is announced! Facebook's main focus at the moment In the more valuable North American and European markets, I also think that this is a very correct decision! But,

I think we can do better! Invest in and support a social networking site in China. After Facebook is freed from the North American and European markets, this site can be used as a springboard to enter the Chinese market. "When these words came out, the whole audience was shocked! Old John and Andrew looked at each other, but they didn't say anything, they both turned their attention to Xia Jingxing. "What website? How much is Axel going to invest? "Xia Jingxing looked at Breyer. "UUme, the Chinese name is also called this, the pronunciation is the same. " Then, Breyer spoke Chinese with difficulty, saying word by word: "Friend...you...mi." "Isn't this the website that Rao Lei and Liu Jian founded? Xia Jingxing suddenly remembered that his previous life was a $1 million angel investment in Youyoumi jointly made by Axel and DCM Capital. From the timeline It is said that it is even earlier than Axel’s investment in Facebook in its previous life. Axel’s investment in Facebook was already in May 2005, but Youyoumi received the investment in early 2004, a full year earlier. It has been more than a few years. It can be seen that Axel has really put a lot of effort into social networking sites. Because Rao Lei and Liu Jian are both Stanford masters, this incident has also caused a stir among the Stanford mainland students in the previous life. Not a small sensation. Everyone is clamoring to start a business, all kinds of ideas, making business plans, and some people go to Sandhill Road to find VCs. After the excitement, no one's project was favored by VCs. Xia Jingxing also participated Although this lively event failed to get venture capital, it also planted the seeds for many subsequent entrepreneurships. Thinking of the past, his eyes were a little complicated, and he said to Blayer: "You can vote if you want, and Facebook will just do it. Don't join in the fun. " "Daren!" "Old John didn't understand very much, after taking a deep look at Xia Jingxing, he asked Blayer: "How much do they want?" " "Not much, just a million dollars!" "Brayer said with a smile: "In addition to contacting us, they heard that DCM Capital is also very interested in them. If Facebook is willing to invest with us, we will find a way to squeeze out DCM. "Brayer looked at the old man John with a smile, "The two Chinese founders of Youyoumi both studied MBAs at Stanford, and they are Mr. Hennessy's students, and Darren is also an alumnus." " Old John said with a smile, "Really? "For this, old man John is still a little bit overjoyed, Stanford is so talented." "I heard Mr. Rao say that he is still a friend with you and has a good relationship." " Breyer looked at Xia Jingxing and smiled, "If you invest in them, I believe they will not refuse." " "Have the two of them come to America?" Xia Jingxing asked. Breyer nodded, "They are looking for money, they are very busy, I chatted with them once, and I am very interested in their past resumes and business plans. "Daren, after waiting for the $55.55 million equity financing to arrive, more than $60 million in cash was lying on Facebook's account. It is nothing to spend hundreds of thousands of dollars to deploy in the Chinese market. Even if we lose everything, it doesn't matter to us. The old man John persuaded bitterly, "But if Youyoumi succeeds in the Chinese market, for us, the potential benefits will be a hundredfold or a thousandfold. "Brayer added with a smile: "In the future, we can also promote Facebook's acquisition of Youyoumi, and win the world's second largest Internet market in one fell swoop." "Daren, if you are worried that you are friends with the two founders of Youyoumi and need to avoid suspicion, I can make a promise here, don't worry at all, the decision is made by the board of directors, and you are only responsible for implementation." "Old John thinks the idea that Bryer has put forward is fantastic, and I don't know what Daeron is hesitating about." "Okay, I'll talk to them first, and if they agree, I'm not against it." Xia Jingxing is no longer entangled. Although Youyoumi was not successful in starting a business, he finally sold himself to the Thousand Oaks Group. Chen Yizhou, the owner of the Thousand Oaks Group, is also rich. In 2000, he sold ChinaRen to Sohu for 4.4 million shares in a listed company. Stocks, equivalent to a market value of 30 million US dollars at the time. Then the Internet bubble burst, and Sohu fell to the same level as NetEase. When Xia Jingxing first came to the United States to study the year before, when he bought NetEase stocks, he took a look at Sohu’s stock price. It fell to about $1.4 to $1.50. When the shares of NetEase were sold last year, Sohu’s share price also rose to over $30, an increase of almost twenty times, which was still worse than NetEase. Then he could only buy love. Meike stock is gone, because Sohu stock has no room to rise. Facts have also proved that he did not make a wrong choice. Sohu stock price is now around 40 US dollars. Compared with half a year ago, it has risen by only one-third. If Chen Yizhou holds Sohu stock to If it is now, then it will make a lot of money, worth more than 160 million US dollars. But Xia Jingxing knows that this is impossible. He has heard the gossip about this boss in his previous life.

Where did the money for buying Youyoumi and Xiannei.com come from? The boss sold Sohu stock intermittently and bought the South African MIH stock, which is equivalent to indirectly holding shares in Penguin... Why not directly buy Penguin stock, it is estimated that he is afraid of ridicule. While fighting against Ponima, you can make money from others.