Chapter IV: Appointment (I)

People live in the world world, and there are always many places where they are forced to do so.

As an idealist, Zuckerberg can put in the best effort to pursue his ideals, but still can't completely get rid of the shackles of the real world, Facebook was founded more than two years ago, with the development of more and more powerful, more and more attracted the attention of investors, some issues have also been put on the table from the initial wait-and-see.

For more than 2 years, Facebook has not made a profit, and even because it is a new thing, it can't even find a model to refer to, and as time goes on, this problem has become more and more acute between founders and investors.

Since Graylock, Axel and other capitals entered the board of directors last year, they have been trying to persuade and find a professional manager for Zuckerberg to make "Facebook more professional and formalized", instead of the current situation, the whole company has been ridiculed by Silicon Valley as a toy to solve the sexual hunger of college students.

As investors, they need Facebook to be able to bring a return on their investment as soon as possible, which requires professional operating officers to find a viable profit model for Facebook - no matter what, which is the main reason why Zuckerberg could not insist on refusing to sell the company after Yahoo submitted the acquisition documents to Facebook.

If he refuses, he will lose $1 billion, and likewise, those disappointed investors will probably withdraw one by one.

Without the financial support they provide, no matter how full the ideal is. I also have to hit my head and bleed in front of the iron wall of reality.

In 2004, he saw his friend Sean Parker kicked out of the board of directors by the investors of the company he founded, Plaxo, in 2004.

It is precisely because of such a stark example that since the beginning of Facebook's establishment and accepted the financing proposal proposed by Sean Parker, he has been putting an end to the possibility of his future seizure of power. If there is no one you can trust. He would never hand over the right to run the company, even if he didn't know how to run it.

Originally, the best candidate for CEO was Sean Parker, who had a skill set and was once a famous hacker wanted by the FBI. Served in the CIA. Understand the process of software development. What can be achieved and what can't be done for the time being, not because you don't know. Or they are unwilling to communicate and come up with some unreliable solutions. Secondly, Parker has founded two companies and has a wealth of operational experience and a very high level of vigilance.

It's a pity that this idea died because Parker was found by the police in his residence for drugs, originally Parker was very dissatisfied with other investors in the company because of his personal life style problems, after that incident, the directors led by Axel's main partner Breyer refused Parker's continued position in the management, their attitude was so tough that Zuckerberg was completely unable to parry, and finally Parker understood his difficulties and took the initiative to resign, which was to calm the anger of the board of directors.

Since then, Zuckerberg has also lost his only CEO candidate.

Priscilla also understands her boyfriend's distress, but ......

Frowning slightly, she didn't know what to say for a while, if Ahn Junhyuk supported Mark wholeheartedly, just like Parker, she naturally had no opinion. But she always felt that the Korean was not so simple, although she didn't understand what this feeling was about, and she didn't understand what the purpose of Ahn Joon-hyuk's support for Mark was hidden, but she was a woman, and she trusted her instincts.

After hesitating for a moment, she barely found a reason, "But Mark, he's a Korean." ”

"Uh......" Mark was stunned, and then his originally somewhat heartfelt expression darkened, "yes, I almost forgot, he's a Korean......"

Ethnic and racial barriers exist everywhere in the world, especially in the United States, where white discrimination against people of color has always been a major problem in American society, and it is no less difficult to convince the board of directors to hire an Asian Korean than to reject a Yahoo takeover, not to mention that he is currently struggling with the board of directors over the acquisition issue.

"And, Mark, you don't know what Lu Daoan thinks, maybe he doesn't want to be the CEO of Facebook, you know, Lu Dao, he has his own business in South Korea, maybe it's smaller than Facebook, but that's his own company, as a founder, he may be used to implementing his own will in an organization, in terms of specific management, maybe his ideas are not the same as yours. ”

Zuckerberg admits that Priscilla has a point, but he is not a man who is willing to admit defeat, otherwise he would not have dropped out of school that year.

Sitting in the slightly cramped bedroom of the rental house, thinking about it for a long time, Mark still shook his head: "Priscilla, I want to give it a try!"

At the same time in San Francisco, Ahn Junhyuk, who got off the bus and returned to the hotel, took a hot bath for a while, stood in front of the spacious floor-to-ceiling windows of the hotel bedroom, watched the lights and dazzling city below, and called home.

At this point in time, it was noon in South Korea, Lin Xiujing had already rested, and it was Zhixiu who answered the phone, and asked Zhixiu a little about this day, Lin Xiujing's diet and physical condition, Zhilu Dao In addition to the still serious pregnancy reaction, everything is fine, a little relieved, and asked about Yun'er again, only to hear Zhixiu talk casually, Yun'er said that she would go home for a while.

"What's wrong? Did you bully her again and make her angry?" Ahn Joon-hyuk laughed.

On the other side of the phone, Jisoo snorted, "I hate it, don't say it, I'm like a tigress!"

Ahn Jun Hyuk Ha Ha Da Lang smiled.

Although Yuna's decision to go home for a while was a bit abrupt, the siblings didn't take it too seriously, and in their hearts, Yuna has always been a lively and energetic image, and it seems that there is always an endless amount of motivation.

He didn't have time to pay attention to the little girl's affairs for the time being, and after talking to Jisoo on the phone, Ahn Joon-hyuk devoted all his attention to Zuckerberg's Facebook profile.

The situation was worse than he had previously understood.

Yahoo's $1 billion offer caused an uproar on Facebook, and the relationship between the founder and the investor became extremely contradictory, and this huge purchase price made the company's other two major shareholders, Axel and Graylock, extremely excited, especially Axel's representative Breyer, has been mobilizing within the company, hoping to sell Facebook to Yahoo, and the 6-person board seats, because of Ahn Junhyuk's absence (involving the right to execute equity, the proxy qualification cannot make a decision on behalf of him), basically except for Moskowitz, Zuckerberg has no supporters, and Parker, who has withdrawn from the board, even if he has the heart to support it, and the influence is also limited.

Because of the unfavorable situation on the board of directors, most of the company's internal employees are also inclined to sell, as the company's early employees, they basically get some shares, if this deal is successful, a huge acquisition of $1 billion can bring them great benefits.

Of course, these are not the most difficult problems that Ahn Junhyuk has learned, and what troubles Ahn Junhyuk is that he does not see Facebook's potential to survive this crisis in his profile.

In the dream, Ahn Junhyuk knew that Facebook would eventually develop into an Internet giant, but he actually didn't know much about its development path, and he was not an admirer of Zuckerberg, so it was impossible to remember all the experiences of the other party even if it had been a long time.

In May, under the auspices of Zach, Facebook took the first step to open registration to the public and launched a workplace network.

But this action failed, the response of the workplace network was lackluster, those white-collar elites have little interest in using Facebook, a college student communication site, Facebook makes young people flock to playful, uninhibited and wanton, unable to get the approval of white-collar workers, and the failure of this step plan is also the main reason why most of Facebook as a whole tends to sell.

They believe that this may be the only way for companies to maximize their profits.

Unable to make a profit and the company's development has reached a bottleneck, Yahoo's choice of this timing to acquire is undoubtedly a good move, but for Ahn Junhyuk, this is the worst-case scenario.

Although if he agrees to Yahoo's acquisition, he can invest more than $40 million in equity holdings, which can be divided into about $200 million, which has multiplied several times in just two years, and the rate of return is quite rich, but this is too different from his expectations.

In 2013, Facebook's initial public offering created a market value of $100 billion, but this is not what Ahn Jun-hyuk values.

He is not a simple venture capitalist, the reason why he was willing to invest in Facebook, in addition to the rate of return, to now, some of the framework for the future development of J.H company has also begun to slowly build up in his mind, music, film and television distribution and production, is the business of J.H Music and J.H Entertainment, and since it is about to enter the electronics industry, the Internet industry, which is closely related to it, will also become a part of J.H's strategic territory in the future.

What is the most important thing about an internet company?

The success of an Internet company depends first of all on its number of users, and secondly, on an efficient profit model and a healthy business strategy.

And these most important factors are available to him as long as he continues to be on Facebook.

"It seems that I was a little too optimistic about the idea of delegating power to Zuckerberg and letting him run it himself. ”

Under the dim halo of the hotel bedroom, Ahn Junhyuk, who was leaning on the head of the bed and reading the documents, rubbed his somewhat sour eyes and closed his eyes to think. (To be continued......)