The rapid development of the school intranet, Zach, who is far away in the United States, is paying attention all the time.

Since the school intranet began to enter international markets such as island countries, Facebook has also accelerated the pace of expansion, especially after seeing the rapid increase in the number of users after the school intranet opened up registration rights to all netizens in island countries and South Korea. Zach also relaxed Facebook's registration privileges to high school.

After all colleges and high schools in the United States were able to sign up for Facebook, the number of users quickly exceeded the 5 million and 8 million mark, and there are now almost 10 million people using Facebook.

Facebook's performance in the U.S. market has also fallen in the eyes of investors in Silicon Valley and Wall Street, and several groups of investors have expressed interest in taking a stake in Facebook.

However, in Zach's eyes, the previous valuation of more than $300 million given by venture capital is too low. Since Google's IPO, the popularity of Internet companies in the United States has begun to rise, and the number of Facebook users has also increased rapidly, and the valuation has also increased rapidly.

So far, there have been VCs that have offered a valuation of $500 million. This is already close to Zach's psychological price.

Although Zach believes that Facebook's future is promising, the company is now short of development funds, and if it does not raise funds, it will affect the speed of development.

Zach is already preparing for the Canadian branch, the British branch and the French branch. This requires a large amount of capital to support the business expansion of the branch.

Although Korn Radiance Investment owns sixty percent of Facebook's shares, Zack has more voting rights than Korn Radix Investment, and Jiang Hui also promised not to interfere in the company's operations at that time, so basically what happened after Zack was determined, even if it was decided.

So when Zach and several venture capitalists talked about a $600 million valuation, Facebook's first round of financing was basically set. Sell 10% of the shares first and get 60 million US dollars. That's basically enough for Facebook to use for the first round of expansion.

When Jiang Hui saw Facebook's financing contract, he was still a little emotional about Facebook's valuation of $600 million in its first financing. When the school intranet first raised funds, the situation was even better than Facebook, but it was only valued at 2.2 billion yuan, which was far worse than Facebook. However, this is also caused by objective factors such as the financing environment, and the most important thing is that who made the school intranet a Celestial Empire Internet company.

After getting the first financing amount, Facebook is increasing the pace of recruitment on the one hand, and on the other hand, it has also begun to enter the international market. Zach is also worried that the international market will be occupied by others. Although Facebook and the school intranet have agreed that one will focus on the European and American markets and the other will focus on the Asian market, who knows if other Internet companies will follow suit and steal the limelight from the two.

Taking advantage of Facebook's accelerated expansion, Korn Ferry Games has also deepened its cooperation with Facebook, basically the same as the school's intranet, Korn Ferry Games has transplanted all its browser games to Facebook.

At the same time, Tudou and Meituan have also increased their cooperation with Facebook to promote each other.

Suddenly, Facebook, Tudou, and Meituan have become the hottest Internet companies in Silicon Valley in the past six months, and they have attracted the attention of the American media.

……

Yahoo USA reports: Recently, Facebook, an Internet company founded by Harvard college student Zach, has completed its first round of financing. Facebook, which was founded less than a year ago, has achieved a valuation of $600 million, which can be described as the most eye-catching Internet company in recent years. Facebook is currently the largest social networking site in North America, with 10 million registered users......

……

The Washington Post reports: After Google, Silicon Valley has once again ignited a new Internet star. Facebook, which is only a month away from its creation and a year old, raised $60 million in its first round of funding led by Sequoia Capital at a valuation of $600 million. According to Zack, the site's creator, Facebook will expand its promotion in foreign markets in the next step, while considering opening up registration restrictions to more users in the United States......

……

AOL reported: Recently, the emerging Internet company Facebook completed a round of financing, and the founder Zach appeared in front of the eyes of the Chinese people for the first time.

Zach was born on May 14, 1984, in New York State to a Jewish father who was a dentist and a mother who was a psychiatrist. He got his first computer when he was 10 years old and has spent most of his time on it ever since. When he was 11 years old, his parents hired a software development tutor for him, and he took classes once a week, and the tutor called him a "child prodigy". Soon after, Zach began auditing graduate computer courses at a university near his home. According to his father's recollection, the first time he was sent to class, the professor pointed to little Zach and said, "You can't bring him to class," and his father said he was a student.

Zach had a natural ability to create software that was simple and easy to use. At the age of 12, he developed software for his father's clinic called "Zuck Net", which enabled instant online communication between the clinic and his home. A year later, AOL, which swept the United States, came out, and its principles and ideas were similar to those of Zuck Net.

When he was in high school, he wrote Synapse, a music playback software with a friend that records listeners' listening habits, and AOL and Microsoft said they wanted to buy the software and hire Zach at a high salary, but Zach refused, and entered Harvard University in the fall of 2002 to study computer science and psychology......

……

Harvard Intramural Forum.

"I'm a great Harvard, and there's another bull."

"Zach has dropped out of school, okay".

"Facebook was first used from our school, and when you think about it, it seems to be some time ago, but I didn't expect it to be valued at 600 million so soon."

"yes, Zach is a billionaire now."

"I'm also going to take a computer major, maybe one day I'll become a billionaire if I start a website."

"Haha, it's not dark upstairs yet, I'll have to dream later."

"Since Google went public, it seems that Internet companies have come to life, and a lot of news has been related to them recently."

"Well, of course, you see how everyone spends their days every day? I carry my computer with me to class, whether I'm googling things or refreshing my friends on Facebook, or watching movies on Tudou.com."

"Anyway, watching movies on Tudou is actually free, as long as you register, how can their company make money?".

"It's only temporary, and they have ads. For any Internet company, advertising revenue cannot be ignored."

……

Facebook closed a Series A funding round at a $600 million valuation, making Zach a celebrity in the United States. Various websites began to introduce Zach's information. There is a feeling of "no one asks under the window for ten years, and the world knows it in one fell swoop".

(End of chapter)