My Age of Investment

Eighteen social networking sites held a meeting in Los Angeles. Naturally, the topic of "fighting against Facebook's hegemony" was not mentioned.

Their banner is "create a better industry together".

If you want the industry to be beautiful, you must first get rid of Facebook, the cancer of the industry.

At the meeting, Zuckerberg, the CEO of F agency, made a statement and cried to the other seventeen CEOs about his experience.

"Our FaceClub is a photo social networking site founded by several Harvard students. Because of its open registration for high school students, it has attracted pressure from Facebook. They rely on their money to advertise arbitrarily, and they don't focus on product development. Kill small startups and consolidate their control over the industry..."

As soon as Zuckerberg finished speaking, Dating.com CEO Jonathan responded.

"Dating.com has threatened the status of Facebook, and we have also been suppressed by Facebook. They used money to buy the media and maliciously smear the dating network..."

Then, CEOs of other social networking sites also complained.

A good industry conference has become a complaint conference.

George smiled on the side, that's what he wanted.

The social industry has been suffering from Facebook for a long time!

After everyone complained, Chris, the CEO of Juyou.com, the second largest social networking site in the United States, stood up.

"To restore the good environment of social networking sites, we must eradicate the industry cancer of Facebook! We must join hands to gain an inch of living space for our companies."

As soon as Chris finished speaking, the crowd responded.

"Yes, that's right! Kill Facebook!"

"Chris, you say, what should we do?"

Chris began to come up with a plan for social networking sites to speak out in the media, exposing Facebook’s shoddy tactics to “suppress competitors.”

As for how effective it can be, it depends on everyone's cooperation and how much effort everyone is willing to contribute.

As for investing in F Club, everyone worked together to make a stab at Facebook, but George, Chris and others didn't mention it at all.

Because it didn’t help much if I mentioned it, the social networking sites present were all start-up companies, and each one was more difficult than the other.

On the contrary, as the leader of the alliance, Chris had to give benefits to these little brothers who followed behind them and shouted.

As a special sponsor of this conference, eaby gave each of 18 social networking sites an advertising contract, ranging from $100,000 to $1 million, which made the CEOs of these social networking sites smile.

They are not interested in confronting Facebook's hegemony or killing Facebook, because with their small physique, if they charge up, they won't be able to survive a round.

Looking at eaby's advertising contract, it's okay for them to say a few words in the media, and it's not necessary to charge.

Chris, George, Jonathan, etc. didn't expect much from these people either.

Because everyone was originally a competitor, it was only because of the threat of Facebook, the big enemy, that everyone sat together.

If you want to cooperate closely, twist it into a rope,

That's basically impossible.

The main players against Facebook are still three of them, Dating.com, Juyou.com, and F Club.

The three companies are facing the Asian market, the US off-campus market, and the US student market. The three markets are in conflict and competition is not great. Moreover, Dating.com and Juyou.com have jointly invested in F Club. Everyone has certain interests. involved in it.

The three of them work together more cohesively.

As for the other 15 companies, that is to say, it is the best to cause trouble for Facebook. If it does not pose any threat, it does not matter. If they attract firepower from the side, their goal will be achieved.

Anyway, it wasn't the three of them who paid the bill, it was eaby who took advantage of it.

——————

Taking advantage of the big head eaby is not a fool. No matter how small the scale of these 18 social networking sites is, they still have a certain amount of visitors and traffic.

All together, even if it can't catch up with Facebook, eaby can recover a certain decline in the face of the "Facebook + Amazon" pair.

…………

…………

The Chief Information Officer, Xiao Dog, was not for nothing. He soon learned about the crusade against Facebook by the Eighteen Route Princes Alliance and came to report to Xia Jingxing.

"Boss, are they treating us as Dong Zhuo? The eighteen princes joined forces to fight against Dong Zhuo?"

The puppy, who has been familiar with the Three Kingdoms since childhood, is very familiar with such a story and preaches with a smile.

The people of Dongying liked the Three Kingdoms very much, and Xia Jingxing was not surprised.

He deliberately took the test for the dog: "Do you know that the crusade against the eighteen princes was successful?"

The puppy spread his hands, "Of course it failed, everyone is scheming, hoping to consume other people's strength, and do nothing by themselves."

Xia Jingxing smiled and said, "So, what if these 18 social networking sites form an alliance? They are all a mob."

The dog agreed with it and said with a smile: "Maybe they are not as good as the 18th princes in the last years of the Eastern Han Dynasty? They are all strong and strong, and most of their websites have not even obtained a small amount of financing."

After a pause, the dog raised his head again and said, "And we are not Dong Zhuo, Facebook is stronger than Cao Cao!"

Xia Jingxing shrugged, not bothering to discuss the history of the late Eastern Han Dynasty and the pattern of princes with the half-hearted little dog.

Looking at the puppy, Xia Jingxing asked in detail the important clues that the former had just revealed: "You just said that F Club has obtained three joint investments from Juyou.com, Dating.com and George?"

The dog nodded, "It took me a lot of effort to find out the detailed information. The three of them invested a total of 3 million US dollars into Facebook, George contributed 1 million, Dating.com 1.5 million, and Juyou.com, the least, only invested 500,000.

The pre-investment valuation of F Society is US$2.5 million. After completing this round of A round of financing, the post-investment valuation is US$5.5 million. "

Xia Jingxing nodded and chewed the content of the words carefully.

He didn't expect that George would really find a way to deal with it.

In addition to being arrogant in his heart, this young man is not a useless waste.

Under the circumstance that the investment could not be stopped, foreign aid was decisively brought in, with the intention of sustaining the situation.

Hold on and hold on, maybe it will usher in a turning point.

As far as he knows, when George invested $1 million in the last round of angel financing for F Club, the post-investment valuation of F Club was $2.5 million.

For so long, the valuation of F company has not risen at all, and the number of products and users has not made any breakthroughs. It is not a round of financing at all. It is more appropriate to call it "Angel+" or "Pre-A" (before the A round). Some.

The reason for claiming to be a Series A financing is purely to make a big splash and put money on your face.

"Have you ever learned about the current shareholding structure of F Club, and how many shares Zuckerberg and his founders still hold?"

The dog shook his head, then smiled and said, "This can be calculated. Before George's investment, the equity of F Club was 60% of Zuckerberg, 35% of Eduardo, and 5% of Dustin."

Xia Jingxing did a simple calculation. After the two rounds of financing, Xiaomazi's shareholding was reduced to 16.4%. Including the other two founders, the management team held a total of 27.3%, and the rest of the shares were all taken away by the capital.

It's not an exaggeration. The capital of these years is ugly. Penguin released 40% of the shares in a Series A financing. Musk's first company, Zip2, sold 340 million US dollars, and he only received 22 million as the founder. dollars.

"With the $3 million capital injection, plus the $1 million previously invested by George, they have 4 million in their hands."

The dog reminded, "Boss, we should be more vigilant about this company."

Xia Jingxing was calculating the shareholding structure of the F company, looked up and asked the dog: "Do you think Zuckerberg will lose control of the company?"

The dog sighed and spread his hands, "Unfortunately, they also adopt the AB share structure like us!"

Xia Jingxing lost his fantasies and originally wanted to see a good show of competing for control of the enterprise.

It seems that it is impossible to place hope on this.

Only the real knife and real gun had a fight with Xiao Mazi.

"You go and inform the other directors, let's hold a board meeting!"

The next step may involve large-scale capital mobilization. Xia Jingxing cannot act arbitrarily. He must open a board of directors and reach consensus with other directors.

The dog nodded and left the office with Xia Jingxing's request.

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