Chapter 114: Sequoia Capital
In a week, the number of ICQ registrations exceeded 1 million. In the previous life, although ICQ was launched around this time, it took nearly three months to reach this number of registrations.
The ICQ creation team, which received Zhang Chen's financial support, had enough funds to promote it in various channels, and coupled with Zhang Chen's hype, almost all the people in the United States who were online soon knew about this epoch-making instant messaging software in the fastest time.
Viggs and the other three have been going crazy in the past few days, in addition to dealing with all kinds of pressure on the server due to the sudden increase in the number of online users, there are also all kinds of messy chores. Now Wadi is the only one who is actually working on the next improved version of the code, and Viggs and Goldfinger don't have the energy to work on technical issues anymore.
The three of them discussed, but they still had to put the recruitment on the agenda. Since it is recruitment, Stanford students are the first choice, who makes the building close to the water.
So the duo posted a shortened job posting on Stanford's BBS, hiring full-time or part-time employees.
The news that ICQ was hiring staff caused a stir within Stanford. As a start-up project, ICQ's rapid growth has attracted the attention of the entire venture capital circle.
Although ICQ has only been online for less than ten days, almost everyone is now predicting the rise of a unicorn company.
As a result, as soon as the job posting was sent, Viggs received dozens of job requests. For this reason, the three of Viggs discussed it and decided to hold a job fair on Sunday afternoon.
Why in the afternoon? Because they get up in the morningγγγγγγ The sad life of the product dog.
$400,000 is a lot, but in the Internet industry, it can be said that it burns faster than paper. Fortunately, it is only 96 years now, and the trend of burning money on the Internet has only just emerged, and this money can last for a while.
So far, the advertising investment in various channels has accumulated 120,000 US dollars, and the monthly salary offered by the three people is 5,000 US dollars per person, plus the management costs such as server operation, it will also cost 10,000 US dollars per month, that is to say, Zhang Chen's 400,000 US dollars can last for two more months at most, and he must find a new round of financing.
Vickers is not worried about the new round of financing, because in the past two days, many angel investors and investment institutions have contacted them, hoping to participate in ICQ's angel round of financing. One of the most famous is undoubtedly Sequoia.
Sequoia, as the most legendary VC company in Silicon Valley, was founded in the 70s, and the life experience of founder Don Valentine before founding Sequoia is little known. But since Sequoia was founded in 1972, it has continuously created miracles in the history of investment.
Cisco, Apple, Oracle, Atari, Yahoo and other familiar names are all venture capital made by Sequoia.
Sequoia's partner Moretz personally threw an olive branch to the ICQ team, hoping to come to ICQ as soon as possible to meet the founding team. It's just that what makes Viggs a little unhappy is that almost all investors think that Zhang Chen is the founder, and they ask to meet Zhang Chen directly in emails and phone calls, but they ignore the three real ICQ founders.
But it's normal, after all, it was Zhang Chen who hyped up ICQ in front of all the viewers of CNN. Moreover, in terms of shares, Zhang Chen enjoys the same share rights as the founding team, and it is not impossible to say that he is also one of the founders.
Viggs didn't know much about Moretz, but he had heard of Sequoia's name for a long time. Sequoia's partners wanted to meet their team to prove that ICQ's potential was recognized by mainstream VCs in Silicon Valley. This also made Viggs and others very excited.
Viggs immediately agreed to Moritz's request to meet, and Goldfinger saw that Viggs was a little carried away by the victory, and couldn't help but remind Viggs: "Brother, should we talk to our major shareholders before making a decision?"
Viggs was originally vaguely the leader of this small group of three, and he basically made the final decision on major issues. But now he was slightly dissatisfied with Zhang Chen's "stealing" of the identity of the founder of ICQ, so he immediately said: "No, we are the owners of ICQ, and we have all its rights." Zack is just our angel investor, and I don't think we have to report our contact with Sequoia. β
Goldfinger said patiently: "Viggs, we didn't report to him, we just informed him, after all, he now has 40% of the shares. And we've been working together quite well, and I think he should be informed about it. β
Viggs said disapprehantly: "There is no need to do this, Zack should also want to have capital to intervene as soon as possible." Only by introducing a giant crocodile like Sequoia can we grow faster,"
Goldfinger sighed, since the success of the ICQ release, Viggs has become self-serving, even a little arrogant. This phenomenon has become more and more serious lately, and he and Wadi have complained a lot behind their backs, both of which are unhappy with Viggs's recent hubris.
Viggs quickly typed out an email reply to Moretz on his computer, welcoming Moretz to meet at ICQ at any time.
After Michael Moretz received Viggs's reply, he quickly arranged his own itinerary, and he now has at least three investment meetings a day, approving dozens of reports, and working from 7 a.m. to 10 p.m.
This kind of work intensity is not something that ordinary people can bear, and Moretz has maintained this state of work for five years.
Even with superhuman energy, Moretz can find it difficult. But this is the only way for Wall Street elites and Silicon Valley investment giants to gain a foothold in the investment industry, a field where the law of the jungle is blatantly enforced.
It's a world where only bigots and perfectionists can survive.
Moretz pulled out a pill box from his briefcase, which contained four or five different capsules and pills. Moretz took out several pills, took a sip and swallowed them.
For them, only a variety of nutritional drugs and stimulants can keep them energized. Even if there will be slow damage to the body, there is nothing that can be done.
Moretz is scheduled to meet with the ICQ team tomorrow morning, and ICQ is currently the most promising of the startups he is currently inspecting. Therefore, he also has a strong interest and expectation to meet the founding team of this software.
Especially the Chinese kid who slammed Jobs on CNN, Moretz has an inexplicable liking. This is not only because Moretz saw through Zhang Chen's hype intentions, but also because he and Jobs were originally rivals.
And Zhang Chen is helping others at the Yosemite camp.