Chapter 511 Corporate Restructuring
There are a lot of users, maybe they can't write any good articles, they don't like to post photos, and they don't engage in gimmicks to attract attention.
Therefore, these people may not have been too interested in Facebook before, because they didn't have much sense of participation, and they couldn't integrate into this platform that is mostly young people.
However, maybe some of them are invincible when they play cards, and they are always a little bit of a hobby when they play chess.
Now, after the launch of the Facebook game platform, it has not only attracted those users of the lower age group of Facebook, but also attracted those users who were not very interested in Facebook.
A middle-aged and elderly man like Lao Wang......
The Facebook game platform is not only a part of the ecological composition for Facebook, but also a useful supplement!
With the increasing number of users on the Facebook game platform, even the number of new user registrations on Facebook has risen again.
……
Mr. Sun asked me to convey his greetings to you, and he will visit again next month, hoping to meet Mr. Fei again. ”
Xue Chunhe said to Yu Wenfei with a happy face.
They SoftBank just teamed up with Jiaotong University Venture Capital to make the first round of venture capital on Facebook, although the price was a bit large, and it took a full $400 million to get 10% of the shares.
But it's only been a few days, and the scale of Facebook has once again ushered in a rapid rise.
According to Xue Chun and their estimates, this game platform, after Facebook is launched, it will add at least one billion dollars to Facebook's valuation!
This figure is still in the case that Facebook Games has not yet found a reasonable way to monetize.
Some people may not understand why the number of users of Lianzhong is about the same as that of Facebook Games, and it is so miserable that they can't find new investors, but the valuation of the Facebook Game platform can be worth billions.
This goes back to the old question, the difference between going it alone and having a complete ecosystem.
Lianzhong is a separate game platform, there is no other business model, and it is unlikely to exist in a short period of time.
However, the Facebook game platform is backed by Facebook, a very mature social platform, not to mention whether the Facebook game platform can make a profit for the company, just say that it can expand the user base of Facebook, increase the online time of users, and increase user activity, then it is worth at least one billion!
Moreover, within the entire Facebook ecosystem, this game platform can do too much in the future, and the new business that can be derived is far from being comparable to the Lianzhong game platform.
To be honest, in Yuwenfei's planning, this game platform is not just a vassal of Facebook, it also has a very important role, and it is also the vanguard of opening up another "battlefield"!
"Oh, Mr. Xue came just in time, I was about to ask the secretary to inform you to come to the board of directors of the company, and there happened to be something to discuss in the board of directors. Yu Wenfei said with a smile.
Facebook's board of directors, represented by SoftBank, is served by Xue Chunhe.
As for Jiaotong University Venture Capital, it is naturally Director Wang himself, after all, the investment in Facebook is also a very large amount for Jiaotong University Venture Capital. What's more, the relationship between Yu Wenfei and Jiaotong University is so close, Director Wang also has to help him come to the platform.
"What's the matter?, does Mr. Fei have a new plan?" Xue Chunhe hurriedly asked.
"Regarding the gaming platform, I plan to spin off this project and set up a separate subsidiary. Yu Wenfei nodded and said.
Xue Chunhe frowned and thought about it, and asked a little hesitantly, "Will it be a little earlier?"
It's no wonder he has this concern, Facebook has only been online for a few days, and the entire operation team is still immature, so if he dives it out now, will there be a problem?
Yu Wenfei shook his head, "The game platform project, we are definitely not just making chess and card games, it still has a lot of room for development." If it has been placed in Facebook, in the form of a business division, it will affect its growth rate. Facebook Games will have more and more projects in the future, and it is impossible to stuff all the projects into a shell, which is actually not good for the rights and interests of our shareholders, and we can take this opportunity to reorganize the company structure......
This is what Yuwenfei has been considering in recent times, as the company is getting bigger and bigger, and more and more businesses are involved, there are some things that need to be sorted out in advance.
Take Facebook as an example, now called Facebook Technology Co., Ltd., before the launch of the game platform, the company's main business was Facebook.
SoftBank and Jiaotong University Venture Capital have invested in them, which is actually Facebook Technology Co., Ltd.
But now that the game platform has been launched, and the music video project will also be launched, it means that there are four major business directions under Facebook.
Continuing to be placed within a company, both administratively and financially, will create a certain amount of trouble.
And it will limit the development of new projects, obviously, the company's resources will definitely be prioritized to the most pillar business, that is, Facebook, for those new businesses that have not yet developed, there will be some neglect.
Even if the leadership pays attention, it will not solve the problem completely. Because the employees below are definitely more willing to stay in the main business unit than to go to the new business unit.
Obviously, the main business department is the core department, and it is very mature, the work is not difficult, and the listing in the future is basically a certainty. Who will put the ready-made blessings and go to "open up the wasteland", there may be such employees, but they are destined to be few.
The best way to do this is to spin off and set up new companies and put these new businesses in the hands of a group of motivated employees.
Give them enough autonomy to succeed in the future, and they can share in the fruits of victory, so that the motivation of employees will be greatly increased.
…………
Yu Wenfei and Xue Chunhe discussed with the two for a long time, and in the end, Xue Chunhe decided to support Yu Wenfei's proposal.
Of course, it doesn't matter if he doesn't support it, because according to the company's shareholding structure and the proportion of shares held by Yu Wenfei, he can decide everything alone.
The reason why he discussed with Xue Chunhe first is also the respect of the major shareholders for the minority shareholders......
Facebook's board of directors is relatively simple, just a few of them, Yu Wenfei, Xue Chunhe, Director Wang, Cai Congxin, Lu Qi, and Effie.
Yuwen Fei said his thoughts straight to the point, and finally said: "In the future, with Facebook Technology Co., Ltd. as the core, there will be four major subsidiaries of Facebook.com, Facebook games, Facebook videos, and Facebook music. Each subsidiary is self-financed and operates independently! Mr. Cai continues to serve as the CEO of Facebook Technology Co., Ltd. and concurrently serves as the president of Facebook. The Facebook Video and Facebook Music project teams are temporarily affiliated to the Facebook Technology Corporation, and a separate subsidiary will be established after the project matures. President of Facebook Games, I nominate Effie!"
Effie sat at the very end of the table, listening intently and taking notes, when she suddenly heard her name.
"Ah...... "Effie was stunned.
She never expected that Yu Wenfei would nominate herself as the president of this newly established subsidiary!
President......
In terms of qualifications and resume, there are several people in the company who are stronger than her, and Manager Lu Qiwang is more suitable than herself.
"yes, don't think it's a good job. Let me remind you first that the Facebook game platform will be the main industry second only to Facebook, and I have very high requirements for this company, and there will be times when you will work hard in the future. Yu Wenfei said with a smile.
"Mr. Fei, don't worry, I'm not afraid of hard work, I will definitely run the Facebook game well and submit a satisfactory answer to the board of directors!" Effie stood up and patted her chest and reassured.
"Well, I'm sure you have the ability. Yu Wenfei nodded with satisfaction and motioned for her to sit down.
After Effie sat down, Yu Wenfei said again: "Since the company has been divided into zero, then the cash in the company's account must also be divided." Now the company has 600 million yuan in cash on its books, in addition to the budget that has been planned to be invested in the data center. This part of the money can be distributed to various subsidiaries, do you have any opinions?"
When it comes to sharing money, everyone has come to the spirit, but fortunately, two of the four subsidiaries in the plan have been established now.
Effie hurriedly preemptively said: "The recent development of the Facebook game platform is obvious to everyone, and the situation is very good." However, we can't take it lightly, because according to the information we have, Lianzhong and Winger are planning a counteroffensive, and Tencent is also seizing the time to optimize the platform and build a data center, so it can be said that there are still several fierce battles to be fought in the future. If the Facebook game platform wants to break through the encirclement and really grow, it must have enough ammunition reserves, that is, funds!"
Although Lu Qi is not the president of the branch, he represents Facebook, and Cai Congxin, the president and the CEO of the head office, is not very convenient to come forward, so Lu Qi will not give up.
He shook his head and retorted, "No, I think Facebook is the pillar industry of the company, including the game platform, in fact, it is an extension of the Facebook platform, and the capital must give priority to ensuring the needs of Facebook, and the rest can be distributed to other subsidiaries." ”
Effie's willow eyebrows were raised, and she said unconvinced: "Facebook now has no place to spend a lot of money, and the data center has spent more than a billion! In addition, with the glass of several subsidiaries, the number of employees on Facebook has also dropped significantly, and the salary pressure has also dropped a lot." So I still think that Facebook only needs to develop smoothly and does not need to continue to invest large amounts. But the new business is different, and the new business needs more funds than Facebook in the early stage. ”
This is the benefit of setting up a subsidiary, it turns out that everyone is in harmony, and now there is a sense of competition, which is a good phenomenon!