Chapter 398: Stupid Method
Let's imagine the story of a young man, a college student, proficient in programming, who made many achievements in high school and was hired by the best software companies in the country. But you turned down their olive branch and got into college, but that's not what you really wanted to do, so the next year you hacked into the database of the school's computer, resulting in almost being expelled from the university.
After that, you start building a social networking site, and it's starting to gain popularity, and the number of registered users is increasing, and you don't know what it can do, but you just think it's cool. That's when someone came to you and thought you should go to Silicon Valley for an opportunity instead of staying in college and let the site rise and fall.
You're hesitant, you really want to promote this cool website, but you don't know the operational things, your initial partner doesn't have a big vision, you just want to recoup your investment as soon as possible, and you are always suspicious of the person who took the initiative to find you. At this time, someone brought news that someone who had graduated from this university in the past, when recommending it to his friends, the other party took a fancy to the potential of the website, asked them if they would like to go to Silicon Valley for development, and said that if they went, they would invest a large amount of money for the development of the website, and only 35% of the shares.
This makes you very excited, and as the first person who found you said, the IT industry can only thrive in Silicon Valley. So you decide to meet the investor, because he's also a well-known actor in Hollywood, a star with a lot of fans.
Next, you meet the celebrity, the investor, who is very young, only three or four years older than you, and he compliments your website, which he thinks is cool, and compares it to one of the well-known websites that he has invested in before. This makes you very excited and proud, because not long ago, the website he invested in was successfully listed, turning his 20 million investment into 1.8 billion, and everyone said that he had an excellent vision.
Moreover, he took out a few millions, as long as he took 35% of the shares, and said that he would not interfere with the operation.
"You can make such a cool website, of course, you can only run this website, because only you know how this website will continue to be cool, no one can replace you, this is your thing, no one can take it away. And I, on the other hand, just want to witness the rise of another internet empire and make money from it and get some help in the necessary moments. "That's what he said, very sincerely.
This makes you even more excited, in addition to a few people around you, there are finally more people who identify with your website, from the bottom of their hearts, and this person is rumored to have a great eye, and most of the things you fancy have been successful. But you still think that 35% is a bit much, and at the same time worry about whether he will really keep his promise, but a rare opportunity is right in front of you and you shouldn't give up easily...... So, how do you choose?
Is this how Sean got from Mark? Zuckerberg took a 35% stake in Facebook, which ...... Little boy – yes, little boy, because he has a severe social disability. According to the information gathered, he has not had many friends since high school, and is quite obsessed with IT skills, like all geeks, and is not very good at running websites.
It may sound ridiculous that a person with a serious social disability has created a popular social networking site on the Internet, and it will take the world by storm in the future, creating an IT miracle after Google. But this kind of thing is not uncommon in life, just like many sought-after comedy stars who can bring joy and laughter on the screen, like geniuses, are actually not happy in life, and some even have depression - probably because of this, they can show their joy on the big screen as much as possible.
In short, Zuckerberg is easy to deal with, as long as you give him what he likes, praise his website, praise his skills, and promise not to touch his cheese, plus the listed Google as his most successful investment so far, it is not difficult to convince the other party.
In fact, when he performed like that in the office, the other party was already moved by the fact that this scene was also in the movie a few years ago, the movie about the establishment of Facebook, in which Sean played himself. It was an interesting experience, and when he first received the invitation, he thought he wanted him to play Zuckerberg.
It's all an afterthought, turn back, although Zuckerberg is easy to handle, but Sean? Parker is a tough one to deal with, although this guy has the same name as Sean, and is also a geek, hacked into the servers of a large company at the age of 16, and was punished for community labor for being a minor. But he's also a businessman, and back in '99 he teamed up with Sean? Fanning — aka Sean — founded Napster, a software that lets you download MP3 music from anywhere on the Internet, and set up a website.
Of course, after several major record companies sued Napster for infringement, this software quickly declined, but it is undeniable that it has influenced many later music software, and even Apple's iTunes is based on Napster's written programs.
Compared to Sean, who concentrates on his skills? Fanning, Sean? Parker is a multi-faceted man who has been involved in a wide range of things, and he was the one who attracted Napster's earliest venture capital. After being swept away, he founded Plaxo, an online address book service, which attracted a lot of venture capital, and was swept away soon after.
But anyway, he met a lot of venture capital institutions in Silicon Valley, and he still has a keen sense in the IT industry, otherwise he would not have found Zuckerberg so quickly, and strongly recommended him to go to Silicon Valley. Zuckerberg trusted him, so although he was tempted by Sean's terms, he left all the negotiations to him, and this guy did not hesitate to negotiate with Neil and them, relying on more venture capital contacts at any time, wanting to cut their stake or ask for more investment - mainly the former.
And he is also said to have designed a shareholding structure for Zuckerberg to ensure that he has absolute control over Facebook, which is what he is now negotiating with Neil. In short, this guy is a smart bastard, and it is not easy to deal with this kind of guy because he knows how to use what he has in his hands to fight for the greatest benefits.
Fortunately, just like the Internet saying that Sean heard in his previous life, he is not afraid of god-like opponents, but he is afraid of pig-like teammates, although Parker can speak well and put on a look of not being afraid of delay, but someone on their side is dragging his feet.
The first to start Facebook with Zuckerberg, also his classmate Eduardo? Savarin, who had always wanted to make the site profitable in order to recoup his investment, had a serious conflict with Zuckerberg. Especially after Zuckerberg moved to Silicon Valley and restructured the company, the contradictions between the two sides began to sharpen and culminated after Zuckerberg and Sean met and entrusted Parker to negotiate, because this should be what he, as a CFO, should do.
As a result, Savarin froze the bank's funds in a bad mood, and he was only a young man after all. Then Zuckerberg was furious, saying that in his opinion, even a minute of Facebook shutdown would be intolerable, and that Savarian was destroying his website by doing so. Of course, before he could find a way to teach him a lesson, he had to get the site up and running, and his own money was only enough to support it for two days.
And at this time, Parker finally made a mistake, and although he put on a face of "I can contact more funds at any time", he didn't actually act. He was also only a young man after all, only a year older than Sean, so he had no idea that one of the founders would freeze his bank account, even though he hated Savarin.
At this time, it was too late to contact the venture capital, and only Sean could take out the money immediately, as long as the contract was signed, it would arrive immediately, so after a lot of hard work, Sean finally got what he wanted.
"I should probably give Zuckerberg's partner a medal, otherwise I don't know how long it will take us to get it done." That's what Neil said after he told him it was finally done.
is really complaining, according to the original expectation, it only takes two or three days to get it, but it was forced by Sean? Parker dragged on until September, and if it weren't for Savarin's dragging, he might have given in. Of course, this is also a reminder to Neil to pay attention, the other party also has a very powerful guy, don't take it lightly.
Just like this investment, although it retains 35% of the equity, it still makes some concessions, such as although it is different from common stock, it is also in the list of preferential dilution, but only a certain percentage. This seems to be one of the equity structures designed by Parker for Zuckerberg, anyway, there are a lot of terms, which makes Sean dizzy, but since Neil said that it is okay to suffer a small loss, as long as they raise funds again, they can give priority to taking money to maintain their shareholding, then it is fine.
However, this alone is not enough to satisfy Sean, although he has once again made a potential stock, it will not be fruitful until five or six years later, which does not help him much if he wants to maintain his voice in Google. Although he has always been honest and his representative is just a voice worm on the board, with the development of Google, his acting career will sooner or later need their cooperation or help, if he wants to have a certain say in Hollywood.
So think about it, what else can gain popularity in a short period of time and then sell to Google? By the way, what is the name of "Weibo" on the American side? Oh, and what else is ...... "turtle"?
Although he could barely remember something, Sean didn't know how to transform it into something practical, he didn't have the skills, let alone how to find a programmer to write it, and he didn't have that much time. So he finally used a stupid method, searching for keywords on the Internet every day or week, and once they were established, he could invest in them as soon as possible.
It's stupid, but it saves time, and it works.
Okay, let's get away from the topic, let's talk about the current thing, after entering September, Sean finally got the second trophy in his life, the Emmy trophy.