My Age of Investment

Chapter 185 Chapter 185

February. On a sunny afternoon, the warm California sun shines into the Facebook offices. Xia Jingxing leaned on the reclining chair near the window, drinking tea and basking in the sun, living a very comfortable life. Suddenly the mobile phone on the table rang, he picked it up and saw that it was a trans-ocean call from the Kangaroo King. As soon as the phone was connected, a young voice came from the other end: "Jing Xing, I heard that Facebook and its shareholder Axel have jointly invested one million US dollars in Youyoumi?" Xia Jingxing picked up the teacup and took a sip , smiled and said, "Yeah, what's wrong?" Huang Xin on the other end of the phone said quietly after a long while, "Nothing, I saw there was a report in the media, so I just asked." Xia Jingxing didn't believe it. He felt that Huang Xin's tone of speech was like a concubine who was left out, full of resentment. "I haven't had time to congratulate you, Facebook has successfully raised more than 50 million US dollars!" For Huang Xin's blessing, Xia Jingxing said thank you with a smile, and then asked about the development of Duoduoyou. After the unsuccessful "hidden" Facebook last summer, Huang Xin carefully planned for several months. He dropped out of the University of Delaware during last Christmas, and did not study for his Ph.D. He returned to China and founded a social networking site called Duoduoyou. . The name is also very interesting, the more friends the better, it is in line with the style of social networking sites. Although Xia Jingxing did not let Huang Xin join the Facebook company, he also exchanged contact information with the other party and called Huang Xin every ten days and a half to chat about socializing and entrepreneurship. Usually Huang Xin called him, not because he looked down on the other party, mainly because he was busy and often couldn't remember these things. Huang Xin didn't care too much about these, although Xia Jingxing was younger than him, but after all, those who succeeded came first, and they were "pre-entrepreneurs". If Xia Jingxing didn't call him, he would take the initiative, because communicating with the other party would bring him new gains every time. After a while, Facebook's users exceeded 5 million, and after a while, the picture function was launched again... Hearing this, he was like a chicken blood, and his determination to start a business became more and more firm. Because of their frequent phone calls, Xia Jingxing and Huang Xin became familiar with each other, and also understood some of Huang Xin's entrepreneurial trends. When asked by Xia Jingxing about Duoduoyou's development, Huang Xin really had no face to answer. This is his first time starting a business. After two months of tinkering, the website was finally launched a few days ago, but the user growth was slow like a snail. He was embarrassed to say it. "The website has just been launched a few days ago. We are looking for investors right now. Would you like to see our business plan on Facebook?" Xia Jingxing was drinking tea and almost choked. Is this the rebellious guy from half a year ago? Are you being overwhelmed by life? "You're not joking with me, are you?" Huang Xin said seriously, "I'm not joking, Facebook has so much money on its account now, so why keep it if you don't spend it and turn it into your own weapons and minions?" Xia Jingxing I thought it was very interesting. The other party even used the word "minion", which means that he is mature and knows that money is the uncle. Huang Xin continued: "You invest in Youyoumi, isn't it also for the purpose of laying out the Chinese market and cultivating your own power? The Chinese market is so big, and now there are more than a dozen social networking sites in the world. Investing in one is actually It’s not safe.” Huang Xin didn’t say any more, his meaning was very clear – Facebook is so rich, to be on the safe side, we should invest in a few more Chinese social networking sites to increase the probability of success. Xia Jingxing didn't say whether to vote or not, and asked lightly, "How many users does Duoduoyou have now? How many venture capitals have you seen?" "The number of users... It's only been online for a few days, and there are only a few hundred people. But I believe, As long as we can get investment, our user growth rate will definitely increase, we are short of money now, and other technologies, operations, etc. are not short of it." After this, Huang Xin talked about venture capital. . "At present, there are still too few mature venture capital institutions in China, and they are basically foreign-funded US dollar funds. Yiyou.com and Youyoumi grabbed investment ahead of us, which has a great impact on us latecomers. I basically have all those large investment institutions. After I ran it again, they didn't even want to vote for one million. I was talking about the amount equivalent to one million RMB.

Not saying a million dollars. "Xia Jingxing now understands everything. With your brother, you ran all the domestic VCs and hit me on the head without getting any money? No wonder, you just spoke in such a resentful and flattering tone." It is not impossible for you to invest in books! Xia Jingxing started a joke, "However, we have a bet. If anyone fails to start a business, the successful one will invest in the other party once. "Now no one succeeds and no one fails. Huang Xin feels that Facebook is not yet a success, and Duoduoyou has just been launched, let alone a failure. He continued: "This bet is a personal bet between you and me. What I think is that Facebook will use the company as a Nominal investment in Duoduoyou. "Well, that's it!" Xia Jingxing said with a smile: "When Duoduoyou reaches 100,000 users, you come to me, and Facebook will invest 500,000 US dollars in you." "Huang Xin got this promise and was overjoyed: "Okay, then I can remember your words." "Well, let's work towards this goal!" "The two chatted for a few more words, and Xia Jingxing hung up the phone. Thinking of Huang Xin's cheering, Xia Jingxing shook his head and laughed. He was very clear about how many friends were running around in the street. With 100,000 users, it would be like a common There is no way to cross the sky. There are too few people who have succeeded in starting a business for the first time, unless they have great luck. ……………… After the financing was in place, Facebook also opened a new recruitment plan. Yang Niu, Xiao Dog, and Evans, accompanied by HR, recruited and interviewed ordinary employees and strengthened the human resources construction of various departments. Xia Jingxing was responsible for introducing executives. Facebook received more than 50 million US dollars in investment, not only The media and headhunting companies have also noticed this "new start-up entrepreneur in Silicon Valley", and they have come to discuss cooperation. Because this kind of start-up company has money and free space, it is simply the favorite customer of headhunting companies. When headhunting companies come to discuss cooperation, Xia Jingxing naturally agreed, and also proposed some customized solutions according to the needs of Facebook, and entrusted the headhunting company to poach him. The headhunting company was also very conscientious and sent Xia Jingxing many candidate lists and resumes one after another. . Xia Jingxing eliminated some people based on their resumes, and the remaining candidates arranged interviews one by one. For high-end talents, especially those with financial freedom, salary is not their primary consideration. They mainly look at equity incentive plans and platform development. Space. Breyer has already returned from China at this time. Youyoumi is only financing an angel round, and the company is not large, so it does not take a lot of time for due diligence. He attaches great importance to Facebook's high-end talent introduction and also participates in it. Among them, and recommended some talents in the Axel database. Venture capital companies have their own talent database, which includes entrepreneurs and start-up company executives, the purpose is to provide human resources for the invested companies. ……………………In the meeting room of Facebook, Xia Jingxing, Andrew, and Breyer formed an interview team and interviewed one candidate after another. After one candidate left, Andrew I couldn't help but complain: "This is too slow in efficiency, Darren, hurry up and fire this headhunting company! Xia Jingxing smiled, "Don't worry, high-end talents, we would rather be in short supply than indiscriminate. Andrew shook his head, "I'm not saying this, I'm saying that the person recommended by the headhunting company is too unreliable, just saying that the person just came up with a 1% option, and the tone is too loud. The headhunting company doesn't screen, and recommends everyone. Xia Jingxing shook his head and said, "It is impossible for the headhunting company to do everything, and they are not that capable. Talented people naturally want to have an interview with the boss in person, and let's talk about the future development direction of the company. They can also make an assessment in their hearts. Does this company have potential? Is it worth joining? At the same time, directly discuss the equity and option incentive plan with the boss. If you are satisfied, you will join, and if you are not satisfied, you will be pulled down. Everyone is very efficient. Andrew said: "Having said that, but when I see these arrogant and arrogant people, I feel very unhappy. They are really as powerful as they describe, and they still need to change jobs to find jobs?" ""So I called you, you are the gatekeeper of the company, I can rest assured! "Xia Jingxing's flattery was good, and Andrew laughed. Blayer didn't say much. He looked at his watch and said to the two, "Wait a minute, the person recommended by Axel will be there right away." It's here, you will definitely be satisfied. Andrew glanced at him and smiled, "Oh, then I have to see." "Xia Jingxing smiled and said nothing.