Chapter 440: It's a little exciting to think about it!
The next day, the financing meeting scheduled for the morning was postponed and scheduled for the afternoon.
Outside the airport, Xu Tingting looked at the plane that had taken off and was far away, and suddenly felt a little empty in her heart.
"A mother's child is a treasure! I really don't understand you, I have to go abroad to toss, isn't it good to live a comfortable and comfortable life at home. If you have nothing to do, everyone will get together, come out to eat and drink, and be more at ease. Okay, even if you can't let go of the guy surnamed Gu, you can find an excuse to run to see him, at least it's close. ”
Mother Xu couldn't take a break because the company was busy with business, so she came and went in a hurry, but Ling Shu was different, she took a week off, and planned to stay a few more days, otherwise it would be a waste of such an expensive air ticket.
After sending Mother Xu away, she looked at her best friend's somewhat sad appearance, and planned to save her again to see if she could fool her back to China.
However, as she understood, Xu Tingting is a typical soft on the outside and rigid on the inside, and it is not so easy to persuade her to make up her mind.
Xu Tingting took a light breath, the slight loss on her face dissipated, replaced with a familiar smile, turned around and waved at Ling Shu, and said, "Let's go, take you to eat good." As for the afternoon, you look at the arrangement by yourself, I will find someone to be your tour guide, I can't accompany you, the company has an important meeting. ”
The rescue is ineffective!
Ling Shu sighed in his heart and shouted, "Can your meeting be more important than me?" Do you want to accompany me, as far as I am not familiar with my life, what if someone abducts me?"
Xu Tingting: "Of course it's more important than you, this girl is now the master of tens of thousands of dollars per minute." Accompany you shopping, how much you have to lose, and it is not worth so much money to sell you. ”
Ling Shu: "I didn't expect you to be such a person, my friends are gone, I will buy a ticket to return to China later." ”
Xu Tingting: "Okay, I'm wrong, can't I, how about taking you to a candlelight dinner after work......?
Ling Shu said in disgust: "Hey, you're so dirty!"
Xu Tingting replied seriously: "What do you think, I said to open a room, and then call two people to come, and get together to rub mahjong at the table, I haven't played for a long time, and my hands are itchy." ”
The two laughed and chased, leaving behind the carefree and cheerful figures of their youth. Let some elderly people can't help but sigh: It's good to be young!
………
Facebook, which is less than a year old, is young enough in the Internet industry in the United States, which also means unlimited future and unlimited possibilities!
At the afternoon funding meeting, Zuckerberg stood under a projector and talked.
So far, Facebook has more than 8.5 million registered users, ranking 49th in the overall ranking of websites in the United States. Compared with another website with a comprehensive ranking of 54, Facebook is far above it in terms of user growth rate and user activity. The website's most recent funding round was $15 million through a 25 percent stake increase. ”
Therefore, based on a horizontal and vertical comparison of various data, the previous resolution was to tentatively issue an additional 15 percent of the equity to raise $15 million. ”
"Mr. Tang, if you have no opinion on the letter of intent for financing, the company will formally submit a formal letter of intent for financing in the name of the board of directors to some venture capital institutions and individuals who have submitted investment intentions to Facebook. ”
In the small conference room, recalling Zuckerberg's passionate voice, he used the most intuitive data and comparisons to explain the speed, scale, and prospects of Facebook's development to Tang Jun and others little by little.
As for determining the amount of financing in advance, as well as the proportion of additional issuance, it is also due. Determine the funds you need first, and the bottom line you accept, and then you can take more initiative when you enter into negotiations with the financing partner.
Tang Jun and Josie were not infected by the young man's generous statement, but were a little emotional, and subconsciously thought of another figure.
They had heard about each other's deeds and knew that this guy was the first to launch Facebook with the concept of social networking in the United States.
It's just that the positioning scope is too small and it relies on independent promotion, so even if it is a few months ahead, it does not occupy enough advantages. On the contrary, Xu Tingting, who had millions of funds squandered, came from behind, and finally had to merge and reorganize.
"Both Shengyu, He Shengliang!"
Josie, who is more familiar with Chinese allusions, sighed in her heart, if it weren't for Gu Heng's intervention, maybe this guy's fate would go to another corner, maybe better, maybe worse.
Wu Yuanfan and others, who accompanied him, sketched in their minds the scene of a little heifer standing upside down and soaring to the sky.
The boss is really good, it's not enough to turn over the river and the sea in China, but there is such a hand in the United States, and the game is too slippery.
Subsequently, their eyes all looked at Xu Tingting, who was sitting in the position of chairman of the board of directors, intentionally or unintentionally.
Since yesterday, they have suspected that this big-breasted and beautiful girl Xu has some inexplicable relationship with Gu Heng. Now, hearing Zuckerberg describe Facebook's trajectory, size, and even a rough plan for the future, their minds clear.
It can be said that Facebook's current development model is basically the same as Renren.com, and there is no ghost in the middle.
At the same time, it also solved their doubts about why Facebook was able to achieve such results in more than half a year. With a mature template to learn from, and a full-level master to guide you, it is inevitable that you will achieve something, and it will seem abnormal if you fail.
Tang Jun and others began to gossip in their hearts, and they were not much surprised by Zuckerberg's financing plan of tens of millions of dollars.
After all, they have already spent tens of millions on their trip to the United States.
This, in the eyes of Zach and other Facebook teams, is a proof of strong financial resources. I am also a little more curious about the largest individual shareholder who has not yet appeared on the board of directors.
Back to business!
Regarding Zuckerberg's financing plan, Tang Jun chose to adjourn the meeting for half an hour, and then the two took out their computers and began to crackle.
A former Gao Sheng executive, a former Yahoo CFO, the two of them are absolutely masters in the operation and understanding of capital.
After the adjournment, Tang objected to Zuckerberg's proposed financing plan, saying that the valuation was undervalued.
According to statistics, the total population of the United States is less than 300 million, and the number of Internet users is about 150 million.
Such data, for Facebook, which has only been developed for more than half a year, is not only very impressive, but can even be said to be quite strong.
You must know that even Yahoo, the leader of the Internet industry in the United States, has only about 30 million daily views on its portal.
Although Yahoo's overall estimate also includes its other pillars, such as Yahoo China and Yahoo Japan, it has hundreds of millions of users around the world, including another mailbox function that also has hundreds of millions of users.
But in the same way, the market now gives Yahoo a very high valuation, although after the Internet bubble crisis after 2000, it is no longer at the peak of 100 billion US dollars, but it still has a giant status in the entire Internet field, with a total market value hovering around 500-60 billion US dollars.
According to the financial statements released by Yahoo, Yahoo's biggest profit point is its advertising revenue. The extremely developed business of the United States, as well as the fact that it entered the Internet information age earlier than other countries, has made the advertising business of the Internet enterprises in the United States extremely mature, which has not only created the glory of Yahoo, but also incubated another Google with more development potential.
Therefore, through the horizontal and vertical analogies of these data, although there is still a considerable gap between Facebook and Yahoo and Google in various data, it already has all the potential to become a giant company.
For example, the strong user growth rate, the proportion of highly active users, the advertising revenue plan that has been maturely planned, and can be used for precise advertising push based on the obtained user data, and the game video and other related fields that can be expanded by Renren in the future......
It can be said that today's Facebook is only a little bit of time.
Backed by the relatively mature Internet market of the United States and the strong international influence of the United States, as long as there is a two or three years, Facebook can make great strides towards the international market like Yahoo and Google.
These advantages, even Renren, which has already occupied a certain dominant position in China, cannot be compared, because the market in China is far from mature and takes a longer time to cultivate.
In the international expansion, it is impossible to enter as easily as the United States enterprises. Because the first to popularize the Internet are often developed countries in the West, and these countries are all surnamed capital, not surnames, and most of them follow the old United States, and usually like to advocate the Oriental threat theory from time to time.
As for Japan, the only developed country in the East, there is no need to mention that Lao Mei planted two mushrooms in World War II, and helped rebuild it afterwards, adding a slap and a sweet date, and recognized Lao Mei as his father.
Therefore, Tang Jun pointed out that Facebook, which has great potential, raised 15 million US dollars with an additional 15% of the shares, which is really underestimated. This is also a decision made taking into account the economic situation of the United States, after all, although one dollar in the United States is more than eight yuan in the eyes of the Chinese, in the eyes of the United States, it is one dollar.
Eventually, considering Facebook's current financing needs, Tang Jun proposed to issue an additional 10% stake to raise $20 million. He also said that he could act as an intermediary while sending invitations to venture capital institutions such as Goldman Sachs.
These world's top venture capital institutions are not among Zuckerberg's original financing targets.
Goldman Sachs and other institutions are world-famous mainly because they have many successful cases, and once they get financing, they prove their development potential in a sense, which has a very positive impact on future development.
After some analysis, the original valuation was directly doubled. Throwing out the proposal to introduce a top investment bank like Goldman Sachs, not only the entrepreneurial team of Facebook was stunned, but even Xu Tingting was stunned.
This company, which has only been online for less than a year, is already so valuable?
I heard that Yahoo has created a miracle of being listed in one year after its establishment, and it has reached a market value of 100 billion yuan in about five years, does Facebook also have such potential?
It's a little exciting to think about!