Facebook Office, Palo Alto, Silicon Valley.

This is the first office of Facebook, which has been established for 2 years, since moving out of the villa at the beginning of the business, with about 5 or 6 rooms, a conference room and a large common space.

Founded in February 2004, after more than two years of development, Facebook has become a hot new star in the American Internet field, it is the second largest social networking site in the United States after Myspace, with 12 million registered users.

In fact, Facebook, which was originally limited to universities and high schools, began to open to the public in September this year, and only need to register by email, which caused some protests from existing users, but there is no doubt that this decision has ushered in a massive increase in new users for Facebook.

With Youtube being acquired by Google for $1.65 billion just 20 months after its founding, Yahoo turned to the equally hot Facebook after losing Youtube and made a $1 billion offer.

When the company receives a takeover offer, it is normally necessary to hold a board meeting to discuss it.

Lin Feng because of the time and distance, and he promised early on to entrust his voting rights to Xiaoza, so after investing in Facebook, most of the time he participated in Facebook's board of directors through video or telephone, and rarely appeared in person.

Facebook has gone through a total of three rounds of financing so far, namely in August 2004, Lin Feng's angel round ($1 million), and the company's valuation at that time was $5 million;

In May 2005, Series A financing, Lin Feng (the same proportion of $2 million), Mark Pincus, Reid Hoffman and Accel Partners, a total investment of $12.7 million, the company's valuation of $100 million;

In April 2006, Lin Feng (in the same proportion with the investment of $11 million), Greylock Partners, Meritech Capital Partners and Founders Fund, invested a total of $27.5 million, with a total valuation of $550 million.

After these rounds of funding, Facebook's board of directors has also increased a bit, and now has a total of seven seats.

With a strong desire to control the company, he owns three common stock seats, two of which are vacant (Sean delegated one of his seats on the board of directors to Xiao Za after he left), and Lin Feng has a fixed preferred stock seat as the second largest shareholder with 20% of the shares.

The other three seats are for new venture capital leaders:

Jim Breyer, Partner, Accel Partners, a venture capital firm (Series A).

David Sze, a partner at venture capital firm Greylock Partners, and Paul Madera, founder of venture capital firm Meritech Capital Partners, (the two are Series B).

Despite several rounds of funding, Xiao Za still holds close to 80% of the voting rights (20% of Lin Feng's is also entrusted to him), and can implement "dictatorial" rule in the board of directors.

So, the moment Xiao Za entered the conference room, he was wearing a casual T-shirt, sat down and said, "Okay, as a procedure, we need to have a board meeting, and it shouldn't take ten minutes to ......." Yes, we won't sell it!"

Except for Lin Feng, who smiled silently, the other investors looked at each other.

Jim Breyer, a relatively senior investor, hesitated: "Mark, Yahoo's $1 billion offer is a good price, after all, Facebook only has 12 million users and $20 million in revenue...... Shouldn't we think about it more?"

Spota shrugged: "I don't think Facebook is worth the price...... There are a lot of things we are doing now that have never been done before, like going out of the school and developing information flow products. Yahoo doesn't have any idea of these new ideas for the future, they don't understand the greatness of these things, and they can't properly value what doesn't exist yet, so they're going to undervalue the business. …… And I don't need the money, and I don't know what to do with it. ”

Well, such a domineering answer, especially the last sentence, left Jim Breyer speechless.

Several other investors hold fewer shares and have little say. And their valuation at the time of their Series B stake was already $550 million, less than 2 times the return on investment, which is obviously not attractive for a company like Facebook that is in the midst of a big hit, only 2 times the return, so they looked at each other and didn't speak.

Everyone looked at Lin Feng, who was sitting in the first position at the top, next to Xiao Za.

Lin Feng, who has been investing since the angel round and owns 20% of the shares, is the most influential person on Facebook's board of directors other than Xiao Za, although he delegated his voting rights to Xiao Za, but his current seniority and status (the influence of successive investments in Myspace and Youtube!), his opinion is still valued by everyone.

Lin Feng smiled and nodded: "I agree with Mark's opinion, we don't sell! Gentlemen, Facebook is a great company, and it will inevitably create a miracle in the history of the Internet! We are just getting started, and we can't just see a little profit in front of us." We can be worth more money in the future!"

Lin Feng's words obviously made Xiao Za very happy, and he grinned his trademark smile on his face: "Hey, Richard, you're right! I remember when we first met, you told me that Facebook was worth a billion dollars, and now we've made it happen...... So, can you tell me how much Facebook will be worth in the future?"

Lin Feng held up a finger and smiled without saying a word.

"$10 billion?" Xiao Za guessed with a knowing smile.

"No, at least $100 billion. Lin Feng smiled faintly.

"Wow!" everyone in the board of directors was in an uproar.

Although everyone has high expectations for Facebook, none of them has ever thought about the terrifying ...... of $100 billion.

Includes notes.

Looking at everyone's surprised looks, Lin Feng looked puzzled: "Don't you have confidence? Mark? Don't you have confidence either......?"

He counted on his fingers: "Now those companies are worth more than $100 billion? In addition to the old IT giant Microsoft with $230 billion and $IBM1300 billion, among the emerging Internet companies, Google also has a market value of $120 billion." Yahoo's share price has now fallen, but it used to be as high as $120 billion. ”

Lin Feng looked around at the people present and said with a smile: "Gentlemen, now Facebook only has 12 million users and $20 million in revenue, and we have just opened up public users, you can imagine when we have 100 million users, 500 million users, or even more, and when our revenue becomes $1 billion, $5 billion...... , when we go public...... Isn't Facebook worth $100 billion!?"

He turned his head to look at Xiao Za again: "Mark, I have absolute confidence in you, you are the most talented guy I have ever met, you have a very strong learning ability, you are strict with yourself, you don't have a separate office until now, but work with engineers...... You are a natural leader, with a high degree of sensitivity to products and users, and strong execution, and you also have strong willpower...... Trust me, you can do more!"

"Maybe in another 3 years, in 5 years, we'll see the day when Facebook is worth $100 billion!"

He smiled and concluded with one last sentence: "Please remember that the most successful companies are those that don't sell themselves." ”

After all these years of training, Lin Feng has become like Ma Yun in his previous life, bragging like a "god stick", pouring chicken soup, and it has become a habit in his bones.

His words were extremely inflammatory, and there was an irresistible conviction in his tone...... It's as if he has seen what he says is a bright future!

The investors on Facebook's board of directors, like Xiao Za, blushed and excited at his words.

Jim Breyer, who wanted to sell his shares the most, was moved by his words, shook his mind, and reflected on whether he didn't pay enough attention to Facebook...... He shook his head and smiled: "Richard, you should really come to meetings often, every time you listen to your opinion, you will always be confident in the future......"

After helping Xiao Za unify the thoughts of everyone on the board of directors and cheer everyone up.

Lin Feng also had to put forward some opinions to let Xiao Za know that he was thinking more and more thoughtful...... This is also a great opportunity to continue to consolidate Lin Feng's status as a "mentor" in Xiao Za's heart.

"Mark, Yahoo's acquisition can be turned down, but I want you to think ahead and unify the minds of employees in the company as soon as possible, including giving them the company's vision and goals, giving them a new hope. Otherwise, I'm worried that after rejecting the acquisition, some people will leave the company because they are disappointed and don't see the prospects for the company's development. Include some management team...... Mark, communication is important!"

Xiao Za nodded disapprovingly, obviously not paying attention to Lin Feng's words: "Okay, I will do a good job of communication." ”

Lin Feng secretly shook his head in his heart, okay, let the facts educate you.

When Xiao Za suffered, when the time came, he would recall Lin Feng's suggestion, and he would pay more attention to Lin Feng's opinion in the future.

In fact, in the previous life, it was the rejection of Yahoo's acquisition that caused a wave of resignations from Facebook, and a large number of early employees and almost the entire management team left within a year, which once made Xiaoza extremely frustrated and became a turning point in the history of Facebook's development.

In turn, Xiaoza later recruited Sheryl Sandberg, Google's senior vice president, and it was she who brought new management experience and business models to Facebook, helping Facebook achieve a breakthrough in advertising, which began to grow in revenue and profitability.

Lin Feng thought that when the time was right, he could take the initiative to recommend Sandberg to Xiaozha, and he could also earn more favors. These bits and pieces of human affection and qualifications will imperceptibly constitute Lin Feng's intangible influence in Silicon Valley and the Internet industry in the United States.

…………

After solving the two matters of Youtube and Facebook, and communicating with the engineer team led by Andy at the Fengxing Silicon Valley Research Institute, Lin Feng hurried back to Hong Kong.

Every one to two weeks, he has to accompany Ye Weiyu for regular prenatal checkups, but he doesn't dare to miss the time.

In this recent period, the world is big, and my wife is still the biggest......