My Age of Investment

"We only need to spend 100 million US dollars on Twitter. Once it succeeds, the return will be an astonishing 10 billion US dollars. If it is not successful, the loss will only be 100 million US dollars, and it will not cause special damage to Facebook as a whole.

Don't think I'm exaggerating, just think about the support provided by YouTube to Facebook's super-high valuation. "

The shareholders were silent for a long time, and no one made a sound.

Blayer let out a long sigh, looked at Xia Jingxing with bright eyes, and said, "Daren, I believe in you, I believe in your sense of smell and keen judgment in the social networking industry.

Isn't it a million dollars? It's over! "

Speaking of this, Breyer looked at Yang Niu again, smiled and said, "Christina, in the process of development and operation, if Twitter needs to mobilize any resources, you can just mobilize it directly. I will support you unconditionally. I look forward to you very much. Make Twitter one of our troikas."

Xia Jingxing and Yang Niu looked at each other and smiled, what Blayer said was very beautiful, and the support came at the right time, this is the real smart person.

With Breyer, a major institutional shareholder, taking the lead, other minority shareholders, either actively or passively, began to speak out.

In the end, the first resolution was reached at the general meeting of shareholders, supporting Twitter with a lot of money and letting Twitter sprint again to see if it could become the next “youtube”.

The possible impact and trouble on Facebook has also been decided to temporarily suppress it and give way to Twitter.

The meeting entered the second topic - open platform.

"I support!"

As soon as Yang Niu finished speaking, Larison raised her hand and was the first to express her support.

Looking at the surprised eyes of everyone, Larison explained with a smile: "This is an excellent idea, which will help expand Facebook's influence, increase user stickiness, and make Facebook a platform for everyone's Internet. The kind of platform that is indispensable to life, not just a website for making friends.”

Yang Niu's decision to open the platform was naturally inspired by Xia Jingxing.

In the past year, Facebook has spent most of its energy on overseas marketing of Facebook and YouTube, optimizing and upgrading its advertising system, and expanding revenue, resulting in some lags in functional innovation.

In this life, under the guidance of Xia Jingxing, Hainei.com took the lead in launching an open platform.

Even before Facebook.

To a certain extent, wherever Xia Jingxing went, he brought innovation.

Less than a year after returning to China, he has invested in more than a dozen Internet companies with unlimited potential, and concluded open platform cooperation agreements with these companies, making the domestic network more and more potential.

This is the true view of the shareholders on Xia Jingxing.

Although Xia Jingxing has long ceased to be the CEO of Facebook, shareholders have not stopped paying attention to him, and occasionally ask him about his plans in video conferences.

Although he has left, his influence remains.

Xia Jingxing has developed like a duck to water in China, creating a domestic network and launching an open platform ahead of Facebook.

Insightful shareholder representatives like Larison naturally understand the power contained in this function, which is of great benefit to user growth, user stickiness, and business realization.

As a result, the resolution to create an open platform was quickly passed unanimously.

"Let's talk about the third resolution now. Taking advantage of the good development momentum of the company, venture capitalists are chasing after each other, should we quickly open Facebook's C round of financing?"

Yang Niu paused, glanced at the shareholders in attendance, and said in a soft tone: "Some shareholders have privately suggested this to me, and they are willing to introduce potential investors for us.

Taking this opportunity today, I simply put this matter on the surface, and now I invite shareholders to express their opinions. "

Looking at the strange eyes from the surrounding investors, the embarrassment on Reid Hoffman's face flashed.

That's right, it was his suggestion to let Facebook start the C round of financing as soon as possible, and he also said that investors could be introduced.

He is actually doing it for the good of the company. Of course, he also makes some extra money by the way.

Facebook has grown to this day, and it has already become a favorite in the eyes of capital, and there is no shortage of sought-after investment institutions.

But it's not easy to get into Facebook these days.

People often try to get in touch with foreign girls through roundabout relationships to talk about equity investment. But Yang Niu's stance is very firm, and she doesn't consider external financing at all until the cash reserves on the account bottom out.

Investors who were waving checks from Dune Road in Silicon Valley to sovereign wealth funds of various countries were so anxious that they saw a golden baby in front of them, but they couldn't dig it.

In addition to contacting foreign girls, many investment institutions who have ideas for Facebook also put their ideas on shareholders, including Hoffman, the Silicon Valley network king.

Since you say that you are "Mengchang Jun" in Silicon Valley, you can't refuse me when I ask you for help? Do you want your own sign? And I also paid for it, not for prostitution.

Hoffman also works part-time as a pimp, and Facebook is only one of his many pimp businesses, but this pimp is good enough to eat for several years, so he is very interested.

The babes are troubled by Hoffman, the other party is not the kind of messing around, but he speaks well and can always analyze various reasons with you.

Why reserve a little more cash to leave room for yourself. Once you encounter a financial crisis, it will be life-saving money;

Introduce sovereign wealth funds in major overseas markets to clear some obstacles encountered in overseas expansion;

Taking advantage of financing opportunities to refresh Facebook's valuation, consolidate market position, enhance brand influence... and so on.

Yang Niu thought about it, she simply threw the issue to the shareholders meeting, and tested the opinions of shareholders by the way.

Sure enough, her goal was achieved.

Breyer coughed, "If you want me to say, everyone should not make random promises outside. Facebook is the foundation. Compared with other petty profits, they are completely worthless."

While speaking, Blayer also glanced at Blayer several times, which made the latter even more embarrassed.

As one of Facebook's largest institutional shareholders, Axel has actually approached Breyer, but they were basically rejected by him. He is not burdened by his reputation, and he really doesn't look down on those intermediary fees or resources. exchange.

Larison had also heard rumors that Hoffman was pimping Facebook, but he ignored it at the moment, focusing mainly on financing.

"I suggest the next round of financing. Although the company still has a lot of cash in its accounts, the revenue in the past 12 months has exceeded 500 million US dollars."

Larison spread his hands, "But we spend more, and we still have a long way to go to reach the line of revenue balance."

Xia Jingxing remained silent, Facebook and YouTube were rushing overseas, and online and offline advertisements were spread across dozens of countries and regions.

The price was that the money flew out of the account like snowflakes.

In addition, Facebook has set up a number of branches in Europe, Japan, South Korea and other countries and regions to vigorously recruit local Internet talents. Facebook’s personnel scale has expanded significantly in the past year, and its labor costs have also been exaggerated.

In terms of research and development, Facebook has not stopped investing, and it is investing more and more every year.

It's already so scary to spend money on Facebook, but compared to YouTube, it's still a younger brother.

For a video website that can support more than 200 million visits, the monthly bandwidth consumption is astronomical. It is hard to earn some advertising fees, and half of it is given to video bloggers.

Regarding YouTube, Xia Jingxing once told Yang Niu that he should be prepared to lose money for ten years.

In the previous life, YouTube was raised on Google Singer for more than ten years before it ushered in the final harvest, that is, profit. It can be seen how big the pit in the video is, and only giant companies can afford it.

"...At the moment, Facebook doesn't have the function of self-hematopoietic, let alone supporting YouTube. Therefore, self-sufficiency is temporarily impossible."

Larison glanced at Yang Niu, then at Xia Jingxing, and continued: "In view of this, Facebook has to continue financing until it truly achieves overall profitability."

Yang Niu was about to speak when Larison added, "Of course, this financing is also very particular."