My Age of Investment - Chapter 1474 Watch the changing situation, sit and watch the ebb and flow

   Chapter 1474 Watching the changing situation, sitting and watching the ebb and flow

  Xia Jingxing looked at the two entrepreneurs who could only be regarded as small shrimps with a cold expression. To be honest, from the perspective of entrepreneurs, he also hated the lions of venture capital.

  But he is now a venture capitalist, so he naturally wants to grab the best interests for himself.

  If the two founders agree to sell Watsip directly to Facebook, then he, Kristina and Xia Zerui together can share the 45.25% dividend after Watsip grows up.

The figure of   45.25% is also the actual shareholding ratio of a family of three in Facebook.

For example, the future valuation of Watsup is 20 billion US dollars, and the acquisition cost of tens of millions of US dollars is almost negligible. Facebook’s entire company has made a net profit of 20 billion US dollars due to this acquisition. Xia Jingxing’s family of three, as the company’s shareholders, can share to more than $9 billion in profits.

   If "Facebook's direct acquisition of Watsip" is compared to the left pocket, then "Vision Capital's investment in Watsip" can be regarded as the right pocket.

   This also means that the right pocket needs to earn at least 9 billion US dollars to be equal to the left pocket, which is embodied in Wazepu, and requires Vision Capital to hold a 45.25% stake in Wazepu.

   Below this number, it means that Vision Capital has invested in Watsip for several consecutive rounds, and it is not as cost-effective as Facebook's direct acquisition of the company.

   And there are still many variables in investing in Vatsip. If the two founders subsequently introduce other venture capital institutions, it means that it is almost impossible for Vision Capital to get 45.25% of the shares of Vatsip.

  From the bottom of his heart, Xia Jingxing still hopes that the two founders can choose the second option, which is to sell the company directly to Facebook, which saves time and effort.

   However, the two of them insisted not to sell the company, and he was too lazy to talk nonsense, and directly showed his cards!

   "Daren, are you threatening us?"

   Brian Acton was a little flustered when he heard that Facebook was going to compete with Watsip, but he still pretended to be calm.

   "This is not a threat, but advice!"

Xia Jingxing glanced over the faces of the two founders and said with a faint smile, "Facebook launched an online chat tool FacebookChat two years ago. This tool is a web-based program that users do not need to download and install. After logging in to the website, you can see the chat toolbar at the bottom of every Facebook page, and you can also use it to find out if your friends are online and who they are currently chatting with.

  This is a very useful and popular IM tool. In just two years, it has hundreds of millions of active users. "

  Bryan Acton said with some dissatisfaction: "That's because it relies on Facebook's huge user base, standing on the shoulders of giants, and naturally sees farther."

   "I don't deny that the instant messenger's brilliant success is directly related to Facebook, because that's what it is.

   Not only FacebookChat, but all the apps and gadgets that rely on the Facebook platform for promotion have achieved good results.

With the help of Facebook's huge social network covering one billion users around the world, Soundpotian has grown from a small company in Stockholm, Sweden to the world's No. 1 music streaming company across Europe, Asia, Africa, Oceania and North and South America, except for Antarctica. In addition to users, there are loud users on six continents around the world.

   All of this is because of the help of Facebook, they were able to successfully expand their business tentacles to other regions in such a short period of time.

Similar companies are Xingjia. The social games they develop have hundreds of millions of users on the Facebook open platform, and millions of dollars in game turnover are recorded every day. That guy, Mark Pincus, has been clamoring to send the company to Nasdaq went public.

and also…"

  Jane Combe, who had just been pondering, suddenly interrupted: "Sorry, Darren, I need to interrupt you, we all understand what you said, and we are also envious of the powerful resources that Facebook has.

   But this still can't change our decision, we intend to blaze a path of independent development. "

Xia Jingxing took a sip of the coffee on the table, and said calmly, "If FacebookChat is split up and turned from an online chat tool on the website to a mobile instant messaging application, what are the consequences? "

  Jane Combe and Brian Acton looked at each other, and both saw the worry in each other's eyes.

  Xia Jingxing continued: "This is not my alarmism, but the inevitable development of Facebook. As a social giant, they will not let go of any social subdivision.

  After the launch of the mobile app version of FacebookChat, Facebook, Twitter, Shengpotian, and even YouTube will all be connected to it. After this operation, how huge a boost it can get, I don’t need to go into details, right?

   And with Facebook behind it, it should be a permanently free mobile app. "

  Brian Acton no longer had the pride he had just now, and each of these things Xia Jingxing told was a blow to their self-confidence.

   Facebook has 1 billion users who can be converted into instant messengers!

   Facebook is rich and free!

   Facebook can hire more engineers and upgrade mobile applications frequently!

  …

   Facebook has too many resources, and Watsip is just a small company that has not yet received formal venture capital financing. A casual sneeze on Facebook can make Watsip meet a storm.

   "Daren, I listen to you, it seems that I still want to persuade us to accept the acquisition of Facebook?" Jane Combe asked.

   "Of course, fighting Facebook is not an easy task."

  Jane Combe asked again: "Then why did you give another plan? I think we have a chance to overturn Facebook, even if the hope is slim, there is always hope?"

  Xia Jingxing looked at Jane Combe with a hint of slyness in his eyes, and smiled: "You are wrong, the instant messaging application market is huge, and several major players such as Microsoft MSN, Yahoo Messenger, and AOL are active in the PC era.

   If Wattsp can take a characteristic development path, it may be able to guarantee a certain share in this market, even if the share is small, it still has investment value. "

  Jane Combe smiled, "Isn't it a risk hedging?"

   "There are also such considerations, but the overall proportion is not large. FacebookChat will soon launch a mobile application, and there is not much time left for Watsup."

  Xia Jingxing did not scare the two of them, but Facebook was really making great efforts to transform into the mobile Internet, and this process has been going on for a year or two.

  Cristina benefited from her close relationship with him, and under the influence of her eyes and ears, she attached great importance to the mobile Internet, and the development of Facebook in this life was two years faster than that in the previous life.

   In the past life, Xiaomazi didn’t pay enough attention to the instant messaging application on the mobile terminal. He only started to release products in 2012. At that time, Watsip had already soared into the sky.

   The current Watsip is still very weak. If Kristina vigorously develops her own instant messaging application, Watsip may be killed with a high probability.

  Considering the possibility of not dying, Xia Jingxing calmly sat down with the two founders to discuss acquisitions and investments.

   This style of doing things is slightly conservative, but it is safer.

  The two founders did not speak, digesting the huge information that Xia Jingxing brought them.

  Ricky Milner, who was sitting silently beside him, finally spoke up, "If I were the two of you, I would agree to sell the company to Facebook, because this is the safest solution.

   Worst of all, you should also change your attitude towards financing, because the time left for Wattspu is very short.

   Facebook is like a heavy truck driving at high speed. Once it adjusts its direction and presses it towards you, the chances of survival of this car is very small. "

   As polite as Ricky Milner has said, the analogy sounds harsh to the two founders.

Jane Comb finally couldn't hold her breath anymore, stubbornly stuck her neck, and asked directly: "Daren, you still have such a close relationship with Vision Capital and Facebook, if Watsip accepts your investment, wouldn't it be naked and revealing? In front of face writing?

  Our two companies are potential competitors. Why did Watsup accept the investment from Vision Capital, which is a major shareholder of Facebook? "

   "That's a good question!"

  Xia Jingxing smiled and said, "You can interpret the choice to accept the investment from Envision Capital as a way back.

  If you lose in the competition with Facebook, Facebook can recruit your defeated soldiers, and you can get a considerable amount of secondary venture capital.

  If there is no Vision Capital to act as a bridge between the two companies, once Wattsp loses, you really have nothing. "

  Jane Combe asked suspiciously: "Daren, take the liberty to ask, I'm curious about the relationship between you and Facebook now?"

   "This question is very simple. Although there is a little conflict between Christina and I, Vision Capital is still Facebook's largest institutional shareholder.

  If Watsup does not accept the acquisition of Facebook, nor the investment from Vision Capital, then we will naturally eliminate you from the perspective of safeguarding Facebook’s interests.

  If Watsip accepts investment from Vision Capital and holds a higher shareholding ratio than Facebook, then we will not help each other, and your two companies will compete freely.

   No matter who wins or loses, Vision Capital will always be invincible. "

  Jane Combe nodded lightly, Xia Jingxing's answer was similar to what he guessed, that is, hedging risks.

   Knowing Xia Jingxing's true thoughts, Jane Combe, who originally insisted not to sell the company, began to hesitate.

  Xia Jingxing can say that he gave them a lot of options, and the conditions for each option are very good.

  Accept Facebook acquisition, then a large amount of Facebook stock or cash will be in hand;

Do not accept the acquisition of Facebook, but accept the investment of Vision Capital, the best outcome is to defeat Facebook and become the king of instant messaging, the worst outcome is to fail the business, and Facebook will give a small sum of money to buy the employees of Wazepu. , assets, for the founder, this plan is not a loss;

   Neither accept the acquisition of Facebook nor the investment of Vision Capital, then Watsip will become a thorn in the eyes of the two companies and must be removed.

  Jane Koum couldn't imagine what kind of blow he would suffer by choosing the third option and rejecting Xia Jingxing's friendship.

   In front of this approachable, mild-mannered young business tycoon, I am afraid that he will immediately reveal his true colors and shred Watsip with the craziest moves.

   This is the sadness of the weak, Xia Jingxing seemed to give them a choice, but in fact he did not give them a choice.

  Jane Combe couldn't make up his mind and cast a glance at his partner.

  Brian Acton was also in a complicated mood. Daerrenxia personally went out today and made it clear whether he wanted them to make a choice, to be friends or enemies?

   This kind of feeling of being coerced and lured by others was very uncomfortable, and Brian Acton felt a fire in his heart, but he didn't dare to get angry, let alone lift the table.

The reputation of Darren Xia Jieji's must-report not only resounds in China, but also spreads widely in the United States. What's more, the financial resources of the other party and the power of Facebook are like two mountains, so they can only look up. To fight against such a business giant, it is necessary to great courage.

After weighing it in his mind, Brian Acton said: "Daren, if you accept the investment from Vision Capital, if Watsup loses in the competition with Facebook, Facebook will really buy Wats. general?"

The corners of Xia Jingxing's mouth rose slightly, "Of course it will be acquired! Even if Watsip loses in the end, it at least proves that you have chosen the right track, and you have a group of experienced employees, which is a certain benefit for Facebook. acquisition value."

Brian Acton nodded lightly, but he did not suspect that Xia Jingxing lied to him. After all, Vision Capital invested real money and needed an opportunity to liquidate and exit. With the generous acquisition of Watsip by Facebook, Vision Capital could also pay less. Some money, not even pay.

   "I have decided to accept the investment from Vision Capital and agree to attach conditions, and you will lead three consecutive rounds of investment."

   Brian Acton was very decisive, knowing that Watsip was already a fish on the chopping board, so he simply stopped resisting and simply accepted Xia Jingxing's friendship.

  Jane Combe stared at his partner with wide-eyed eyes. He didn't understand why the other party was more resistant to Facebook and Vision Capital yesterday, so he changed his position today.

   "Jane, agree! This is Watsip's only choice. We can only survive if we desperately expand the company and increase the number of users."

   Speaking of this, Brian Acton turned his head to look at Xia Jingxing and said, "In addition, I also believe in Daeron's character. Since he said that Vision Capital remains neutral, he will definitely remain neutral."

   "This, you can rest assured."

  Xia Jingxing was still not at ease knowing what Brian Acton meant by saying this, so he reiterated his position: "Facebook and Watsip are the same in Envision Capital's view, both of which are our invested companies.

I even hope that you can win, because Vision Capital holds 25% of Watsip, but only 19.77% of Facebook. After a few days of Facebook's listing, this shareholding will continue to decline. .

   If you have the ability to buy Facebook, I would be happy to see it. "

   Neither of the two founders took Xia Jingxing’s words too seriously. If they really had the confidence to surpass Facebook, they probably wouldn’t agree to accept the investment from Vision Capital.

  The reason why I choose to accept the investment from Vision Capital is just because I don’t give up and want to try it.

  Jane Combe said: "Daren, I agree, but I have a small request."

"any request?"

   "Sign the investment agreement as soon as possible, and the 10 million US dollars will be credited to our company's account as soon as possible."

   "Okay, no problem, I'm also looking forward to where you can go under the pressure."

   Seeing that the two founders finally compromised, Xia Jingxing was completely relieved.

   He was still a little bit afraid of Watsip, who was extremely successful in his previous life.

  If he doesn't bury the nails, he will be in trouble if Sequoia Capital preempts him.

   It would be even worse if Facebook flipped over again in the battle of instant messaging.

   But now that the nail has been buried, he can just watch the situation change, sit and watch the tide ebb and flow, anyway, the meat is rotten in the pot, and whoever wins is the same.

  …

  …

   June 1st, Children's Day.

   "The Social Network" was released for a week and topped the North American box office chart with a first-week box office of $26 million. At the same time, it also set off a wave of discussion online.

   The plot of the film, the portrayal of the three protagonists, and the real images of the three protagonists in reality... are all being discussed by netizens.

   Xia Jingxing was scolded again without any accident!

   But none of that matters.

   The most important thing is that Facebook, a company, was once again hotly debated by the whole people. The high news fever once suppressed a lot of current affairs and political news.

   With this news craze, the time has come for Facebook to go public.

   (end of this chapter)