1198, Series B investment

PS: Today's first shift, you don't have to wait for the second shift :)

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Throughout May 2002, Wang Bo was busy with two things. Pen, fun, pavilion www. biquge。 info

The first is naturally the "First Blog Essay Contest" that the entire literary world, the literary world, and primary and secondary school students are very concerned about and eye-catching. The company's technical department first selected a primary, and brushed off 99% of the total number of hundreds of thousands of submissions marked with the words "blog contest essays", and finally only the top 1,000 articles with comprehensive popularity value remained!

A prize-winning essay has attracted hundreds of thousands of people to participate, which is a record in the essay competitions held in China before!

For the remaining 1,000 articles, they conducted another manual screening internally, brushing those articles that are only popular, have no literary atmosphere, and are indiscriminate at first glance, and finally 500 are left to enter the final selection of the champion, runner-up and third runner-up.

The final selection of the champion, second and third runner-up, Wang Bo handed it over to professionals, that is, through him, and Li Qing's face, the five celebrities and masters in today's mainstream circles such as literature, literature, education, and publishing are invited to be, namely:

Yu Hua, a well-known writer representing the literary world;

Yu Qiuyu, a well-known scholar and literati representing the intellectual circle;

Zhao Changtian, editor-in-chief of "Sprout" on behalf of the publisher;

Cao Wenxuan, a well-known professor at Peking University who represents the education sector;

Finally, Tie Lin, the chairman of the Huaxia Writers Association, who represents the official.

These people are all the royal judges of the "New Concept Essay Contest", and Wang Bo, who came out of the "New Concept Essay Contest", has become the heaviest and most dazzling banner of the "New Concept Essay Contest". At the same time, according to the traditional Chinese point of view, to a certain extent, he is also the "master disciple" of these celebrities, they are the "mentor" of his Wang Bo Wang Zi'an, and in the "New Concept Essay Competition", he was "hand-picked" as the "first champion", so that he became famous in one fell swoop, and gained both fame and fortune, which is to "recreate with kindness" and have "the grace of knowledge"!

Now, Wang Bo has made such a big move in Huaxia, a nationwide essay competition, and solemnly invited them, these "teaching masters", to be the final judges, not to look at the face of the monk to see the face of the Buddha, no matter what, they also want to set up a field for their own high-level disciples, to make up the popularity!

Besides, Wang Bo, who has achieved fame, is now their own person, and his fame and wealth in Huaxia are not weaker than them, or even much stronger. In any sense, except that they are not as old as they are, and some aspects of their qualifications are not as old as theirs, others are fully qualified to sit on an equal footing with them!

Moreover, the judges who participate in this kind of influential and high-exposure competition, whether they eat and drink, live and play, do not talk about it, it is also beneficial for them to maintain and consolidate their fame and status in the literary world and society!

In short, hello, hello everyone, there are many benefits!

After the end of the "First Blog Contest" of "Blog China" on May 7, it entered a close judging process. They first made their own preliminary selection, and then let the judges re-select and finally determine the ownership of the champion, runner-up and third runner-up!

During the period, Wang Bo needed to personally inquire and worry about the clothing, food, housing and transportation of several heavyweight judges, as well as the appropriate leisure and entertainment during the review. To this end, he also recruited five dignified-looking female volunteers outside C at a high price of 100 yuan a day to be the assistants of the five judges, caring for and taking care of their eating, drinking and Lazar, and after finishing work during the day, he acted as a tour guide for eating, drinking, and having fun at night.

Five judges, one judge in charge of 100 articles, after three days of continuous battles, finally completed the review on May 11.

As soon as the judging is completed, the results will be announced on the official website of "Blog China" on the same day, and the winners will be notified to go to the "Hyde Hotel" in Nanan// District, Shuangqing City, not far from the headquarters of "Blog China" on May 14, that is, three days later!

In the few days when waiting for the winners to come to Shuangqing to receive the award, Wang Bo personally accompanied the five judges who had worked hard for three days and arranged for them to take a short two-day tour around Shuangqing. Considering that the literati like to chant poems against each other and be vassally elegant, they have cooperated with them tacitly in the past few days, and have won their favor and love of several beautiful female volunteers, of course, they are also among their peers.

At 9 a.m. on May 14, the conference hall on the second floor of the "Hyde Hotel" was lit up with colorful lights. The award ceremony of the "First Blog Essay Contest", which attracted national attention, officially kicked off.

In addition to the contestants, judges, organizers, organizers, leaders of the cultural bureaus and writers' associations invited at the district and municipal levels, there were also media reporters from all over the country, especially local media reporters from Shuangqing, and slightly well-known ones came. Shuangqing TV, Nanan// District TV, and Shuangqing Satellite TV reported on the award ceremony.

From planning, to execution, and finally after the end of the "First Blog Contest" that ended successfully in a song and dance, "Blog China", with Wang Bo's unexpected combination of punches, although young, little experience, but the joint efforts of the young team with strong error correction and execution, finally broke out and rushed out in a piece of "there are wolves in front, tigers in the back, and a penguin dancing", and the young "Blog China" was extremely tragic in the pursuit and interception, and broke out and rushed out! Whether it is the number of registrations, the number of active people per capita, the number of celebrities who open blogs, and the influence and radiation in the major mainstream circles, they are far behind a few imitators!

Wang Bo, who has been busy and worked hard for several months, has been busy since he started preparing to start a blog, and now he can finally breathe a sigh of relief when the dust settles when the dust settles and "Blog China" finally "wins the Central Plains". The Internet is a winner-takes-all place, and now "Blog China" has achieved a large lead in the results, as long as the team itself does not die, does not seek merit but seeks no fault in accordance with his established policy to operate, the gap between "Blog China" and other similar blog platforms will only get bigger and bigger, and in the end, let the latecomers think of blogs, they only know "Blog China" and do not know anything else, just like the "new wolf Weibo" of later generations.

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The sudden rise of "Blog China" withstood the pressure, and after the "Blog Contest", the joining of Xiangjiang's "Little Superman" directly brought a new wave of investment to "Blog China".

The second thing Wang Bo was busy with in May was to maneuver between the major venture capital and capital entities interested in "Blog China". After nearly half a month of contact, negotiations, negotiations, and tug-of-war, by the end of May, Wang Bo once again sold 30% of the shares of "Blog China", from the American venture capitalist DFJ (Dejiefeng, successfully invested in Hotmail, Skypy, Baidu, etc.), IDG (International Data Group, invested in Tencent, eBay, Dangdang, etc.) , and Softbank (Japan's Softbank, the most famous, China's Alibaba) three well-known international venture capitalists in exchange for $15 million!

Of the $15 million, 20% of it was a private transfer by Wang, and the remaining 10% was realized through the reduction of shareholdings by shareholders, including himself, in equal proportions to increase the company's cash flow for development.

In this way, together with the 10% transferred to Li Kai, after two equity changes, Wang Bo has changed from the absolute controlling shareholder who initially held 80% of the equity to the current largest equity holder of 43.75%.

So far, "Blog China" has a total of seven shareholders, of which four are held by institutions and three are held by natural persons, and the shareholding ratios are as follows:

The largest shareholder, PC Parallel Capital, wholly owned by Wang Bo, accounts for 43.75% of the shares;

the second largest shareholder, DFJ Dejiefeng Investment Company, accounting for 10% of the shares;

the second largest shareholder, IDG International Data Group, accounting for 10% of the shares;

the second largest shareholder, SoftBank Group, accounting for 10% of the shares;

the third largest shareholder, Li Kai of Xiangjiang, accounting for 8.75% of the shares;

the fourth largest shareholder, Tang Jian, accounting for 4.375%;

the fourth largest shareholder, Chen Zhiping, accounting for 4.375%;

the fourth largest shareholder, Li Hu, accounting for 4.375%;

In the end, there is 4.375 left, which is still used as a maneuver to reward senior personnel who have made outstanding contributions to the company.

The first person to receive the option reward was Li Qing, who had joined "Blog China" for only one month. In the past month, especially during the blogging contest that was too busy for people, Li Qing withstood the severe test with her hard work and intentions, and won the unanimous praise of the four founders, Wang Bo, Tang Jian, Chen Zhiping and Li Hu. After private discussion and decision by the four people, it was decided to give Li Qing a 1% option reward.

Of course, Li Qing's 1% option reward is not immediately available, and there are many preconditions, such as taking effect after one year, not being transferred within three years, and after three years, when he wants to transfer, other shareholders have the right of first refusal.

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Thank you very much to "KAk" for the generous reward of 2000 starting coins!

Thank you very much for the generous reward of 1,000 starting coins from the brother "Kevinzkr"!

Thanks to the "Ah Xin came to find the blind man" brother for the reward of 500 starting coins!

Thank you also for the Might and Magic wog, sister-in-law, you let go, Inglove, my son Ziyu, Magic Falcon, Wusheng in the book, and 6 brothers and sisters for their rewards!

Thank you to all the friends who subscribed, voted for the referral and voted for the monthly ticket!