Chapter 475: Unicorn Company!(1st Update)
Happy Farm is a farming-based social browser game where users can take on the role of the owner of a farm and cultivate land and vegetables and fruits on their farm.
In addition to watering and weeding and removing insects for friends, players can also occasionally make trouble for their friends, they can put pests and weeds in their friends' fields, and they can also lead sheep to steal their friends' ripe fruits.
As a social networking page user, the most obvious feature of Happy Farm is that it is highly interactive, and this interaction does not require both parties to be online at the same time. Selena can already anticipate that many people may set alarm clocks to get up in the middle of the night to "steal vegetables". I have to say that this "stealing vegetables" setting of "Happy Farm" has almost promoted weak interaction games to a new peak!
How can Selena not be shocked?
Selena then began arranging for someone to register a company overseas and recruit a game development team at the same time!
During this period, Selena asked Li Zetian for the name of the new game development company, and Li Zetian thought about it and said a name - "Page Game Workshop", a company specializing in the development of web games.
……
Two days later, DFJ suddenly announced a $10 million investment in Mark Zuckerberg's FaceToFace website, which caused a big stir in the venture capital world.
It's been a well-known week that Facebook is competing with FaceToFace. However, Facebook is obviously better developed than FaceToFace, so investing in FaceToFace is actually very risky.
Norman Virginia, CEO of DFJ, said: "FaceToFace has great potential for development, and the company's founder, Mark Zuckerberg, is a genius at Harvard University, not only with outstanding ability, novel ideas, but also with calmness, and DFJ is very optimistic about him!"
Of course, Norman Virginia did not say that he had called Facebook and offered to invest in Facebook, but unfortunately he was rejected, and then he relented and invested in FaceToFace. At the moment, Facebook is indeed one step ahead of FaceToFace, but the battle between the two sites has only just begun, and Norman Virginia believes that FaceToFace will grow rapidly and surpass Facebook under the impetus of capital, and there is no shortage of cases like this.
As far as Norman Virginia knows, Facebook has not yet received any investment from venture capital firms, which in his opinion is stupid and conservative thinking.
"Hehe, in less than a year, Facebook will go out of business, and the campus social network will not allow two websites of the same type!" Norman Virginia concluded.
Unfortunately, Norman Virginia didn't know that Facebook didn't need financing, but that it was owned by Chronos· Li's son......
Facebook, Inc.
Tina Gates was discussing DFJ's investment in FaceToFace with William, and Tina Gates had a pair of beautiful blue eyes revealing a hint of worry, "After DFJ invested in FaceToFace, this is very bad for us!"
Tina Gates knew that Facebook only had $5 million in start-up capital, and it had already spent a lot of money in order to quickly promote the site. But now is the critical time for Facebook and FaceToFace to compete for users, if FaceToFace spends money on advertising to buy traffic, and then converts these traffic into users, it may really let the other party catch up.
William nodded and said, "It looks like we have to raise money in advance!"
"Well, I think it's necessary, too, but the investors we choose should be of great help to Facebook!" Tina Gates winked at William.
William understands that although he wants to start his own business, he is a Chronos· Li's son, so some resources can still be used, such as finding Google, YouTube or Tencent to invest in Facebook.
That night, William first contacted his sister and called, saying, "Sister, hehe, I want to tell a good thing!"
"What good can you do?"
"Facebook is ready to raise funds, is Tencent interested?"
Youran has now become the CEO of Tencent, and naturally wants to work hard for the development of Tencent, as soon as he heard that Facebook was going to raise money, his big eyes flashed, and he said loudly: "Of course I'm interested, you first talk about how much Tencent needs to invest, and how much money Facebook can sell." ”
"Facebook is very promising, so it's highly valued, so if Tencent were to invest $10 million in Facebook, I'd be willing to give 1% of the shares to Tencent," William said. ”
Li Youran pondered for a while, and then agreed: "Okay, for the sake of you being my brother, I will help you, and I will go to the company for a meeting tomorrow to discuss." However, 1% of the shares is too little, and Tencent is willing to contribute 50 million US dollars to take 5% of the shares!"
William thought for a moment and nodded, "Okay, 5% is 5%." Hehe, thank you, sister, I guarantee that this investment will make Tencent a lot of money!"
After ending the call, William then called Larry Page, CEO of Google, saying that Facebook needs financing, and you can do it~
In the afternoon of the next day, Tencent and Google agreed to invest in Facebook, with an investment amount of $50 million and $30 million respectively, and each obtained 5% and 3% of Facebook's shares.
$80 million is actually enough for Facebook to use for a long time, but in order to completely crush FaceToFace and demonstrate Facebook's strength, William contacted several well-known venture capital firms, such as Goldman Sachs, Sequoia Capital, IDG Capital, etc., intending to use their resources to help Facebook develop rapidly.
Goldman Sachs.
"Facebook is going to raise Series A funding, what do you think?" said an old man in the conference room of Goldman Sachs.
Someone immediately said: "Facebook is developing well, I think it is very promising, Goldman Sachs Group should seize this opportunity and invest in Facebook!"
But someone immediately objected: "Facebook's valuation is too high, and investing $10 million is only a 1% stake, and the return on investment is not high." In addition, I don't think there is much potential for a campus social network like Facebook, and the social circle is too small. ”
"That's right, I also think that the social circle is too small and the number of users is limited. If Facebook's valuation is a little lower, it's okay to invest in it, but the valuation is as high as $500 million, and Goldman Sachs doesn't need to invest in it at all!"
"Yes, not to mention that Facebook still has a competitor, and now that the winner is not scored, the risk of investing in Facebook is still very great!"
Someone concluded: "The return on investment is not high, and there is still a lot of risk, so I think Goldman Sachs should abandon this investment in Facebook!"
"I second!"
"I agree!"
“……”
At this time, Sequoia Capital's situation is completely different from that of Goldman Sachs.
Facebook is a start-up, and it has only been a few months, but its valuation has reached as much as $1 billion, which seems to be a bit high, but Sequoia Capital heard that Facebook was going to raise funds in advance, and it was eager to invest one or two hundred million dollars in it.
Paul said: "Facebook is the first part of Chronos· The first entrepreneurial project that Li handed over to his son must have great potential for development!"
Sequoia Capital's directors nodded their heads.
Paul went on to say, "So, Sequoia Capital has to take more shares of Facebook! We will eat as much as they give!"
"That's right!"
"I support it too!"
……
In the end, only Sequoia Capital was willing to invest, and other venture capital companies believed that Facebook's valuation was too high, so they were reluctant to invest.
Sequoia Capital invested $20 million a lot, but Facebook didn't want more.
On April 1, Facebook announced that the A round of financing was over, and Facebook received a total of 100 million US dollars in investment from Tencent, Google and Sequoia Capital!
This Nima can shock the venture capital industry!
Tencent, Google and Sequoia Capital did not hesitate to invest huge sums of money, and really pushed Facebook to the position of a unicorn company of more than $1 billion!!