Mogen gave up on this side, and in the end, Microsoft won the right to lead the investment of Friends.com.

The so-called leading investment is to take the lead in investment.

According to the rules of Friends.com, the lead investor can get 10% of the shares.

Based on the valuation of Friends.com at $57 billion, Microsoft will have to invest $5.7 billion.

"Mr. Chen, three days later, we signed a formal contract. ”

Although $5.7 billion is not a lot, Steve did not hesitate.

If they dare to shout this price, then they can afford it.

Although $5.7 billion only received a 10% stake, it is already a sky-high price.

“OK。 ”

Chen Yu nodded.

He also knows why Microsoft would want to invest in Friends.com.

Microsoft, while it may seem strong on the surface, is definitely not invincible.

If there is an additional operating system that rises in the future, it will be a huge threat to Microsoft.

After Microsoft led the investment, other capital followed.

Mogen didn't grab the right to lead the vote, so they chose to follow suit and took 5% of the shares.

In response, they will have to pay $2.85 billion.

It's just that after the magic root, there was a subtle change in the entire conference room for a while.

"Oops, other capital hesitated. ”

Wang Chang secretly screamed badly.

She saw the hesitation of the remaining other capital.

As for the reason, it is also very simple.

In the eyes of many capitals, their valuation of Friends.com was about 40 billion.

Even if it's higher, $45 billion or $50 billion, that's acceptable.

But the competition between Microsoft and Mogen suddenly pushed the friend network to a height of 57 billion US dollars.

Of course, this kind of valuation friend network is the most favorite to see, but for some of their capital, it may not be.

In other words, as much as $57 billion in the network of friends, even if you only have 1 point of shares, you will have to come up with $570 million.

$570 million, that's not a small amount.

When converted into RMB, it is about 5 billion RMB.

For many companies, their entire market size is less than 570 million.

Even for some very promising companies, $570 million can take 20-30% of the shares.

But here, if you take out 5 billion yuan, you can only account for 1 percentage point.

This makes those capitals hesitate.

However, although they hesitated, Microsoft dared to lead the investment, and they could not give up.

All of a sudden, a group of capital representatives called the headquarters one after another.

"Head, the valuation of Friends has exceeded our expectations. ”

"What is their valuation now?"

"Microsoft quoted 57 billion and won the lead bid. ”

"The valuation of 57 billion, Microsoft really reported it. ”

"Do you still need to invest?"

"Wait, you make me think about ......"

That's what most businesses think.

Although this capital is rich, it will not spend a penny.

"Mr. Chen, can we ask you a question?"

After thinking about it for a while, he was instructed by his superiors, but the representative of Blackstone Capital suddenly asked.

"Absolutely. ”

"I would like to ask about the current profitability of the friend network. ”

In fact, for the friend network, a lot of capital understands.

They want to invest in this website, and they have already looked at this website clearly.

Although the number of IP visits is very large, Friends.com is not profitable.

Of course, that's okay.

A whole bunch of growing businesses don't make money when they start out.

Now is not the time to pick peaches.

For this point, the CEO of Friends.com, that is, Wang Chang, also wrote in the financing prospectus.

All capitals are recognized.

However, at this time, the representative of Blackstone Capital mentioned it again, obviously wanting to hear a more definite answer from Chen Yu.

Everyone knows that it is Chen Yu who really controls the friend network.

"Actually, this question is not a problem, and the answer in everyone's hearts is clearer than mine. But since the representative on Blackstone's side asked, then I'll talk about it. Friends have not considered making a profit at present, and the reason why they have not considered it is for the expansion of Friends. Blackstone representatives may be thinking more about the potential of the future Friends Network...... But on this one, I think it's hard for me to articulate clearly. If you really want an answer, ask Mr. Steve from Microsoft and, of course, Google......"

Chen Yu responded with a smile.

Microsoft and Mogen have followed suit, and it doesn't matter whether other capital hesitates.

The combined scale of the two has raised nearly $10 billion for Chen Yu.

Even if they don't follow suit, the money is enough.

However, in order to completely bind a series of global capital to the friend network, Chen Yu still answered.

This answer is not really an answer.

Because Chen Yu did not answer the question raised by Blackstone Capital head-on.

But although Chen Yu did not respond positively, Chen Yu's answer made Blackstone Capital determined.

"Mr. Chen, we follow the stock for 5 points. ”

"We welcome Blackstone Capital as a shareholder of Friends.com. ”

Chen Yu expressed his gratitude.

"Mr. Chen, we also have a problem. ”

Probably inspired by Blackstone Capital, Berkshire representatives also asked a question.

"Excuse me. ”

"I don't know much about the Internet, and I don't know what social networking is, but the reason why we came here is because we saw the potential of the future existence of the Friends Network. But, Mr. Chen, can you tell us a little bit about what a social network is?"

Berkshire is the investment firm that Warren Buffett founded.

It is also one of the most influential investment companies in the world.

"Actually, we've been talking about what social networking is. Maybe you think it's vague, so I'll take a look at it here. The so-called social network, in my understanding, is the real world. ”

"The real world?"

"Mr. Chen, isn't the Internet virtual, how can it be the real world?"

"In everyone's eyes, you may see a virtual world. For example, our website, which is an invisible web. We can only see a series of applications on the Internet, but we can't touch it, it is not a physical object, it is all virtual data. But behind all this data, there are very real people. Without human involvement, the Internet is a dead web. Without human involvement, social networks cease to exist. The reason why our network of friends has grown so fast is that our social network has further made the virtual nature of the Internet more real. We make everyone feel a more authentic, more visual, and more social site. Here, I can say that in the next five years, your social circle in our friend network will be your circle of friends in the real world in the future......"

This answer was unanimously applauded by everyone in the audience.

This is one of the most perfect explanations of social networking they have ever heard.

This explanation not only illustrates what social networking is, but also further explains the importance and future potential of social networks.

Why are they here?

Didn't you just see the potential of the friend network?

However, what Chen Yu said is to further amplify this potential.

It turns out that in their eyes, Friends.com is a product of the future that will be side by side with Internet giants such as Yahoo and Google.

But from Chen Yu's mouth, they found that the future friend network will definitely surpass Yahoo and Google.

At least, in terms of storytelling, the story of Friends.com is bigger than Yahoo and more colorful than Google.

Such a website, excuse me, what else do you hesitate about?

Of course, the reason why Chen Yu answered like this was actually very clear to him.

If you want capital money, it depends on whether your story is big enough?

Your story is average, and the amount of financing is absolutely average.

If your story is among the top in the country, then the amount of financing you will also be among the top in the country.

If your story is world-class, then the amount of financing you will be world-class.

And if your story is about breaking through the earth, then your financing amount will also break through the earth......

"We at Berkshire followed. ”

Berkshire's representative Fang said firmly, without any hesitation.

"We also followed. ”

"We follow suit. ”

"We follow suit. ”

The remaining 30% of the shares were closed by a series of capital parties in an instant.

A few days later, Friends signed formal contracts with various capitals.

At the same time, 40% of the shares, $24.8 billion in funds also went to the Friends account.

Friends has created a history of global financing in one fell swoop......