Chapter 366: Let's Go!

Friends has always had a good relationship with Facebook, as they also have a giant of social networks between them - MySpace. However, with the login of Time Farm to Friends and Facebook, various applications and online games have gradually been launched on the two websites, enriching the ecology of the websites, and due to the leading technical architecture and operation ideas, the user experience of the two websites, whether it is access loading speed, or security compatibility, has always been better than MySpace. All sorts of messy music and videos were loaded on MySpace's website, overwhelming their servers and causing frequent problems.

The video of Friends is a collaboration with YouTube, and the music is a collaboration with Time Music. Time Music became independent from Time Lab and invited Sean Parker as CEO and Sean Fanning as CTO. One of these two people was the first CEO of Facebook and a friend of Zuckerberg, who later quit the management of Facebook and maintained a good relationship with Zhou Shi. Sean Fanning is the founder of Napster, the world's first popular P2P file-sharing platform. This pirated music website was quickly taken down by several major music groups. These two joined Time Music, and at the same time invested a lot of money and became shareholders of Time Music.

These two Sean are very cool people, they joined forces to join Time Music, which quickly attracted great attention, although there is not much music, but there are still a lot of people download the experience, social music software, which has caused a great impact on the market. The unique free genuine model attracts a lot of attention. Unfortunately, the number of songs is only a million, and most of them are old songs and songs from independent music companies, and more efforts are needed for further development. Or to put it bluntly, more funding is needed.

The reason why Sean Parker joined was to see the popularity of Time Music in the early stage, and this unique model deeply attracted him, and Zhou Shi promised that after he joined, Time Music would not have a discriminatory policy against Facebook. This is what made this uninhibited genius join Time Music, and I don't know if the future development of these two people is still very good.

Facebook and friends have also encroached on MySpace's market step by step with various bonuses, and their user growth has finally stopped. All that's left is to wait for Facebook and Friends to catch up.

Facebook is very similar to Friends, but there are still big differences between the two different ideas. And because of the overseas expansion, the two companies have adopted different strategies, the most representative is the localization of the website, Facebook adopts the volunteer labor model, and the friend network adopts the division of labor crowdfunding model. Under the strong influence of Twitter and YouTube, these two things have also become representatives of the different cultures of the two companies in the hearts of netizens. The specific user size is more than two-thirds of Facebook's. However, the development of overseas is different, whether it is Europe and the United States (South America) or Japan, South Korea and the Middle East, Russia, Friends have an absolute advantage, even if the South American market with the largest Facebook market is only two-thirds of the Friends network. That's what Zach can do without Shirley Sandberg, and it's not necessarily his limit, but it's also a bit disappointing. The hundreds of millions of dollars in financing that preceded the crisis are now somewhat stretched, and Facebook's finances are in trouble.

From the end of last year to the present, Facebook has started their financing negotiations, but unfortunately it has not been negotiated, Xiaozha's offer is too high, and everyone's confidence in him is very low. After all, it is the friend network that occupies the dominant advantage abroad, what can Xiaozha do, compared with Facebook and the friend network, it is a poor force. In 2008, Facebook's annual revenue was $330 million, and Friends.com's revenue was $420 million. There are still many ways for the outside world to know, and those venture capital companies that want to invest, if they don't even figure this out, it is too unqualified.

"Simon, are you sure you agree with me investing in Facebook?" Yuri Milner, since he found Zhou Shi and wanted to let the friend network enter Russia, Zhou Shi and his cooperation began, whether it was a private meeting or email communication, they had a lot of communication. At the end of last year, he also gave Yuri Milner $300 million in DST, encouraging him to start the rhythm of buying and buying to change the investment tradition of global capital. This time, he was interested in investing in Facebook and friends, and he also deliberately approached Russian mining tycoon Usmanov, who also encouraged him to come up with $300 million. Zhou Shi and Usmanov each hold 30 percent of DST's shares. At the same time, DST holds a stake in the Russian Friends Network (former Soviet Union).

"Go ahead, I don't interfere with your investment. "Zhou Shi

"Thank you for your trust, my future investment strategy is as follows: only invest in the following two types of companies with valuations of more than $1 billion: (1) companies that have made profits and are about to explode in profits, and (2) companies with high thresholds + huge user bases, and profits can be postponed. I can even do without voting rights!"

"Don't have voting rights, how can you guarantee your interests!" Zhou Shi heard Yuri Milner's words, and felt that he was finally back on track.

"Interests can be guaranteed in other ways, but there are not many ways to get opportunities, I am Russian, and I will be looked down upon when I accept investment from Russia and China in Silicon Valley. Without the right way to open the situation, Silicon Valley will not have a place for me to survive. Yuri Milner lamented that no decision will come out of thin air, and there is basically no choice for the richest man Li to invest in Facebook. When Zhou Shi invested in Musk, Musk was the kind of person who has been rejected by investors countless times, and most of the yPal gangsters are still in the start-up period, and they have not yet reached the time of success, and the relationship between YouTube and Musk has a chance to go further. As for YouTube, there were countless video websites at that time, and there were even video websites in China, which shows that YouTube at that time did not have much competitive advantage in addition to being easy to use, and his success was an accident.

"Okay, since I've thought about it, I'll support you!" Zhou Shi

Without hesitation, Yuri Milner dialed Gideonyu's phone, YouTube's former CFO and an old acquaintance of Zhou Shi.

"Yu, hello, I'm Yuri Milner, and I want to invest in Facebook!"

"Okay, where are you, we'll talk when we meet!" Gideon Yu

Zhou Shi was strange, why didn't he refuse without taking a breath, and then Yuri Milner went straight into a rage, stunning Gideon on the condition that he didn't have the right to vote, and then looking for an opportunity to drive Gideon away in the future? Is this Facebook too short of money, or have they already met?

"I'll be at Facebook headquarters in two hours!" said Yuri Milner

"I'll wait for you!" Gideonyu

(End of chapter)