Chapter 108: Facebook

Before Sun Yue starts his first regular season game in the NBA, he has one more important thing to do: that is, to take a stake in Facebook.

Facebook is a social networking service that was launched on February 4, 2004, founded by American Mark Zuckerberg, through which anyone can interact with friends, colleagues, classmates and people around them, share unlimited uploaded pictures, post links and videos.

In David. Accompanied by Falck, Sun Yue flew to all of Facebook's locations: Emerson Street in Silicon Valley, where Facebook, which has been established for more than a year, has grown from a small company with only one room at the beginning of its business to a medium-sized company with about a dozen rooms, a conference room and a large public space.

After more than a year of development, Facebook has become a hot new star in the American Internet field, with millions of registered users.

In fact, Facebook, which was originally limited to college and high school registration, has begun to open to the public in September this year, and only needs email to register, which has caused some protests from the original users, and under the promotion of some people with ulterior motives, the American public has continued to question Facebook in terms of customers, and Facebook's market reputation has declined for a while.

For Sun Yue's coming to invest in the company at this time, the founder of Facebook, Mark . Zuckerberg, and all the employees of the company, welcomed it.

At this time, Facebook had not yet become the darling of the venture capital institution in later generations, and Sun Yue's investment in this company at this time could be regarded as a relief in the snow.

As for the specific shareholding agreement, Sun Yue came before he and Mark. Zuckerberg has negotiated, and this meeting and negotiation is naturally a united and win-win meeting.

Mark. Zuckerberg agreed to Sun Yue's proposal to invest $50 million in exchange for a 20 percent stake in Facebook. In this way, with the participation of the company's lawyers, Sun Yue and Mark. Zuckerberg signed a legally effective venture capital agreement.

Sun Yue's proposal can be said to be very generous, you must know that according to reports, Facebook's estimate of venture capital is about 210 million US dollars.

Regarding Sun Yue's investment of 50 million US dollars, this is thanks to David. Falck, after knowing that Sun Yue had a need for a loan, David. Falke introduced Sun Yue to Citibank's vice president Matthew Falke in the background. Christman, then David. With a personal guarantee, Falck signed the loan contract.

Sun Yue repaid $50 million from Citibank in his own name, in five years, and the annual repayment amount including principal and interest was nearly $11.7 million.

This high repayment amount is also quite a headache for Sun Yue, because his current stable annual income is only the endorsement contract given by Adidas, but after removing taxes, he can only get more than 4 million in the first year.

In addition, the rookie contract signed by the Hawks to him can get him more than $4 million, but after this annual salary is deducted from taxes, there is only about 2.6 million left, and the total of these two is less than 7 million. This is still a funding gap of more than $4 million from Sun Yue's repayment amount this year.

The huge repayment pressure was on Sun Yue's head, but Sun Yue felt that it was completely worth it. According to Sun Yue's memories of his previous life, Facebook began to be listed on the NASDAQ in 2012, and after the listing, Facebook will also receive multiple rounds of venture capital from A, B, and C. If Sun Yue follows the investment, he will keep 20% of his shares unchanged, and if not, the shares will be diluted.

However, regardless of whether Sun Yue chooses to follow the investment or not, the 20% of the original shares he holds in his hands is a large proportion, even if it is diluted to only 1% in the end, according to the market value of Facebook in more than ten years, it will be more than 500 billion US dollars, and the 1% of the shares in his hands will also be worth 5 billion US dollars.

However, Sun Yue invested in Facebook, he did not plan to participate in the management of this company, as a reborn person, he felt that the control of this company was in the hands of Mark. Zuckerberg is better off for investors like him. Rather than bothering to manage the company, Sun Yue still prefers the feeling of lying on the sofa and watching the numbers of the bank account keep beating.

About Mark. Whether Zuckerberg will embezzle investment funds privately, Sun Yue is not worried. Zuckerberg is an extremely faithful person who doesn't care about material comforts, even if his fortune reached tens of billions of dollars in later life, he usually drove two cars with his wife, a Honda Fit, a Volkswagen Golf, and later bought a Honda Acura, which is his most expensive means of transportation. If you don't care about material comforts to this extent, which of the rich people in the country can do it?

Not to mention, later Mark. Zuckerberg also learned from Bill Gates and Warren Buffett, donating 99% of the stocks in his hands to charity, leaving only voting rights to maintain control of the company, this kind of realm, ordinary people can't learn.

Using his past life experience to become a shareholder of Facebook made Sun Yue extremely happy and excited, but it also put Sun Yue under huge financial pressure.

Sun Yue knew very well that he had to show everyone his superstar potential this season and win a large commercial endorsement contract for himself to ease the pressure of his huge debt.

The Eagles' first game of the regular season on October 28 was Sun Yue's chance to prove his strength to everyone.

Their first opponent in the regular season was the New Jersey Nets, a team that reached the Finals after losing Kenyon on the inside last season. Martin, the Nets are in decline after losing their interior shields.

But the lost east, the harvest of the mulberry, Canadian flying mans. Carter was unhappy with the Raptors' poor record and chose to join the Nets. Carter and Jason, who stayed on the team. Kidd, Richard. Jefferson quickly assembled a luxurious offensive lineup, supplemented by a maturing Kostic on the inside, and the Nets began to be favored on the front.

But the biggest flaw of such a lineup is the lack of real defenders in the team, and the lack of defense in the NBA means a lack of voice in the playoffs, so the Nets made the playoffs last year, but they couldn't break through the Pistons' blockade.

"Skipper, the Sun Yue generation will be officially launched after the game against the Nets, and we will promote you on a large scale." Before flying to New Jersey, Sun Yue received a message from Adidas President Phil. Wright's call: "So, we want you to get your first regular-season win to build momentum for your sneakers!" You are lonely, the young lady warms you with a movie