Chapter 487: This Time Is Different
Although SoftBank has made several large investments on the mainland, Son has not come much.
Under normal circumstances, the project is screened by Xue Chun and the team here, and then submitted to the headquarters, and after discussion at the headquarters, the corresponding entrepreneurs will fly directly to the headquarters of SoftBank in Tokyo.
Because it is SoftBank's turf, it naturally has a psychological advantage in negotiations.
But this time, Son Masayoshi also had to personally dispatch to the magic capital.
This time is different from previous investments, Facebook is not a startup company that was in a hurry to ask for money like Ali and UTStarcom. Facebook has become the leading social platform in China, and the VCs who are rushing to send money to it can be lined up from the Bund to Xinzhuang Science and Technology Park in Minhang District!
The reason why SoftBank was able to get this opportunity was only because Xue Chunhe and Yu Wenfei were alumni and had this light.
Therefore, the active-passive relationship is reversed.
"Chunhe, why did Cai Congxin suddenly jump to Facebook? This has a great impact on Ali. ”
In the Jin Mao Tower, in the office of SoftBank China, Masayoshi Son is talking with Xue Chunhe.
In Alibaba, SoftBank is also a major shareholder, and Cai Congxin's job hopping was of course the first to get the news.
"After getting the news two days ago, I had a phone call with Mr. Cai, in which he told me that Ali is very good and will definitely grow into a big company in the future. But...... He believes that going to Facebook is a better choice than staying at Alibaba. Xue Chunhe shook his head and smiled bitterly.
In order to leave Alibaba, Cai Congxin gave up all subsequent equity incentives, and even the two percent of the shares that he had already obtained agreed to let Alibaba's existing shareholders have priority acquisition.
When Son came over this time, he also had to deal with this matter by the way.
Lao Ma's founder shareholders obviously don't have so much money to buy Cai Congxin's shares, how can it be said that Ali is now worth hundreds of millions of dollars, and two percent of the shares are almost 10 million US dollars.
It is estimated that SoftBank will have to pay for this money.
The stocky Son sank into the soft sofa, took off his glasses, pulled out a tissue and wiped it carefully.
After a while, he put on his glasses, "Cai Congxin's shares in his hand, we will buy them back!" China is a big manufacturing country, rich in human resources, low labor costs, and an e-commerce platform has inherent advantages, I am still optimistic about the future of Alibaba. However, even Cai Congxin said that he was more optimistic about Facebook, which made me more interested in Facebook. We have to be prepared, this person is not easy to deal with, and it is estimated that this negotiation will not go too smoothly. ”
Although Cai Congxin is not a major shareholder of Alibaba, he has made a deep impression on Son.
That time at the headquarters, Son Zhengyi threw out a "big pie" worth 50 million US dollars, and Lao Ma was so excited that he wanted to say yes.
But it was the elegant man who calmly said "NO!"
In the end, it only cost 20 million US dollars from SoftBank.
............
March 6, 2 p.m., Xinzhuang Science and Technology Park.
Three black Lexus streamed in and drove straight to the bottom of Office Building No. 8.
With the sound of "bang bang bang bang" opening and closing, a group of seven or eight people stepped out of the car.
Yu Wenfei and Cai Congxin also brought several executives of the company to greet them.
"Welcome to Facebook. ”
"Mr. Sun, Mr. Xue, hello everyone. ”
"Mr. Cai, I haven't seen you for a long time, I really didn't expect to see you again in this place. ”
"This is Mr. Yu Wenfei, who has admired the name for a long time, and I am fortunate to meet him. ”
Son Masayoshi took the lead, and everyone from SoftBank lined up and gave Yuwen Fei a deep bow.
I have to say that the Japanese still do a good job of etiquette.
After the greetings, a group of people came to the large conference room on the top floor to officially start today's negotiations.
"Guys, let me introduce you. Mr. Cai Congxin is now the CEO of Facebook, and he is the main leader in this negotiation. ”
As soon as he sat down, Yu Wenfei smiled and introduced Cai Congxin to Sun Zhengyi and others.
In fact, there is no need for him to introduce it, the people of SoftBank already knew.
"It's okay, we and Mr. Cai are old friends, so let's start officially. Xue Chunhe said with a smile.
"We have a little objection to the financing conditions proposed by Mr. Fei last time. There is no problem with the amount of financing, but the shares given by Mr. Fei are too small!In other words, the valuation of Facebook is a bit inflated......" Xue Chunhe looked at Cai Congxin and said, carefully observing his expression.
Cai Congxin was unhurried, "Coincidentally, after the company's internal discussions in the past few days, we also think that the financing conditions last time were a bit problematic. Although only a few days have passed, today's Facebook and a few days ago have changed a lot. All the conditions need to be restarted. ”
Son was silent, his eyelids lowered, as if he were asleep.
Xue Chunhe was a little stunned, and asked rhetorically, "What's the difference?"
Cai Congxin turned his head and whispered a few words to the assistant next to him, the assistant got up and opened a laptop in his hand, which was connected to a projector.
SoftBank didn't know what this meant, but they didn't say anything, ready to see what tricks Cai Congxin was going to play.
The computer is turned on, and the projection is displayed, which is the homepage of Facebook.
Xue Chunhe blinked his eyes, "What does Mr. Cai mean by this, I'm very familiar with Facebook, I won't tell you, I also have a Facebook account, but I don't often send things." ”
"No, Mr. Xue will take a closer look, the top of the page. Cai Congxin said with a smile.
Xue Chunhe looked at it, and at the top of Facebook, a bright red banner was hanging there.
"Congratulations to the 100 million registered users of Facebook!"
This line of large characters is unusually eye-catching.
He suddenly opened his mouth and stammered, "This...... Didn't Facebook just over 80 million users a few days ago? How could it be 100 million......
"At noon, it just exceeded 100 million, and the banner just hung up. Cai Congxin explained.
Xue Chunhe didn't believe it, this is too fast, the number of users has increased by more than 10 million in a few days?!
But he also had to believe that Facebook would not dare to cheat on this kind of thing.
Perhaps when publicizing to the outside world, many Internet companies will deliberately exaggerate the facts and make false advertisements.
But in the face of VC, unless you are not afraid of taking legal risks, you are generally more honest.
Besides, VC doesn't listen to what you say, others will do detailed due diligence before investing, how can they be deceived by you?
Then, Cai Congxin dares to let himself see this now, it should really break through 100 million!
Eighty million and 100 million, these two numbers sound a notch off.
Websites with more than 100 million users across the country, can you find out five?
It's no wonder that Cai Congxin dared to say that Facebook is different from a few days ago, indeed.
This sudden incident disrupted SoftBank's plan, and they were originally going to lower the price and pay the same amount of money to let Facebook pay more shares.
But now, let alone let people pay more shares, even the original 10% may not be able to keep it.
Xue Chunhe's face was calm, but in fact, he was a little panicked in his heart, and he secretly glanced at Sun Zhengyi next to him with the corner of his eye.
As a result, Son still sat there expressionless, motionless.
"Well, congratulations to Facebook on joining the 100 million club! Xue Chun and Qiang Yan laughed.
This is true, if the investment goes well, then SoftBank will also be one of the shareholders of Facebook, and the development of the website is also beneficial to them.
"So on this basis, I think the valuation of 3.2 billion yuan is unfair and seriously underestimated for Facebook!" Cai Congxin chased after the victory.
In my opinion, apart from the organic growth of users, Facebook has not undergone any qualitative changes. Xue Chunhe said not to be outdone.
In addition to the number of users exceeding 100 million, Facebook has also made a big change. ”
Cai Congxin smiled and shook his finger.
Then the index finger turns around and points to himself, "That is, there is one more me." ”
Xue Chunhe was stunned, "Then after there is one more Mr. Cai, how much can Facebook's valuation increase?"
"Facebook has more than 100 million users, which can increase Facebook's valuation by 500 million! Cai Congxin said sonorously.
On the other side of the conference table, several people from SoftBank couldn't keep calm at the moment, and there was a bit of a commotion.
Cai Congxin really dares to say that not to mention the fact that Facebook has more than 100 million users, it is indeed a great event, and it will definitely have a greater impact on the valuation of Facebook.
However, what is the joining of a professional manager, where did you have the courage to say that you are worth 300 million.
Xue Chunhe's face also sank, and he said dissatisfiedly: "Mr. Cai, don't forget, when you were Alibaba, you were the chief financial officer, and when SoftBank invested in Alibaba, the company's valuation was only 100 million US dollars! ”
What he said was not true at all, SoftBank invested 20 million US dollars in Ali and took 20% of the shares. That is to say, Alibaba's valuation at that time was only 100 million US dollars, which must have included the valuation of Lao Ma and Cai Congxin's senior management team.
Cai Congxin was unhurried, "Mr. Xue is right, but don't forget one thing." The value of the same person, on different platforms, is absolutely different! Cai Congxin, who was in Alibaba, may only be worth 10 million US dollars. But today, I'm on Facebook, and I'm worth 300 million!"
As soon as these words were spoken, everyone looked sideways at the man.
Since Yu Wenfei introduced Cai Congxin, he sat there without saying a word, as if he didn't care about the "sword confrontation" between the two sides, just like Son Masayoshi opposite.
Hu Jingjing sat next to him, listening carefully to the negotiations between the two sides, and now, she finally understood what Yu Wenfei said, "Some people can't be cultivated within the company"!