Sure enough, the Series B financing was negotiated in less than an hour, and the signing ceremony followed.

In the evening of local time, the signing ceremony of the B round of financing was signed under the witness of several North American mainstream media.

In this B round of financing, Bluestar Technology was valued at US¥2.925 billion before investment and US¥3.25 billion (¥27 billion) after financing, and 10% of the company's equity was raised by US¥325 million (¥2.7 billion).

Luo Sheng became famous on Wall Street that day, and the next day, the Wall Street Journal made a comprehensive report on the financing with front-page headlines, including Bloomberg, The New York Times, The Guardian and other mainstream Western media newspapers.

As soon as the news came out, it shocked countless eyeballs in the industry, and it is not an exaggeration to say that this round of financing can be called the financing myth of Huaguo Internet companies, and many Internet companies can't even get so much money for IPOs.

This has also made Bluestar Technology the darling of the capital world, attracting countless people to study how to capture VC to make it so favorable.

After the completion of the B round of financing, Bluestar Technology became the first unicorn-level Internet technology company after the bursting of the Internet bubble.

The so-called unicorn companies are companies that were valued at more than $1 billion before the start-up went public, and Bluestar Technology was valued at $3.25 billion after the B round of financing.

Compared with the valuation of ¥5 billion in the A round of financing, the valuation has skyrocketed by more than 5 times in just three months.

A start-up company that has been established for less than a year has frequently conducted four rounds of funding, and each time it is more exaggerated, even many people in the North American technology industry think that Wall Street is crazy?

Why?

Well, the momentum of Bluestar Technology is indeed unstoppable, but why is it now valued at $3.25 billion?

It even makes many people have an illusion, as if they have returned to the crazy era when the Internet bubble has not burst, and the myth of Bluestar Technology's Series B financing may be able to appear in that era.

But now is the post-dot-com era after the dot-com bubble burst.

Is Wall Street really crazy?

Why spend so much money at a company that has raised three rounds of funding in a row and has not yet generated a single profit?

But no matter what, it can't change the fact that Bluestar Technology raised $325 million in Series B financing, and a look at the list of investors has shocked countless entrepreneurs again.

SoftBank Capital, Sequoia Capital, Goldman Sachs Capital, Morgan Chase, Venture Capital Fund, IDG, Huajin Securities, any single one is the world's top VC, but at the same time endorses a company.

It's no wonder that Luo Sheng and Bluestar Technology are making world headlines, and it's no surprise to read these lists.

The B round of financing is still led by Goldman Sachs, with Huajin Securities, Morgan, and Sequoia as new capital, and SoftBank, Venture Capital, Tengxun, etc.

After the completion of Series B financing, the shareholding structure of Bluestar Technology is:

Option Pool Reserved: 11.05%

Luo Sheng: 57.6%

Tengxun: 9.45%

Goldman Sachs: 6.148%

SoftBank: 5.26%

Venture Capital: 3.51%

IDG：3.13%

Morgan: 1%

Huajin Securities: 1%

Sequoia: 1%

Others: 0.852%

The B round of financing Bluestar Technology sold 10% of the equity, which was shared by major VC capital and raised 325 million US dollars according to the proportion of capital increase and shareholding, which was completed so quickly thanks to Luo Sheng's early greeting to Meng Qiu, and Goldman Sachs Capital also conducted a third-party audit of the operation of Bluestar Technology Company in advance.

After completing the B round of financing, Goldman Sachs Capital asked for a place as a director of the company, which Luo Sheng naturally agreed, and then Huajin Securities, Morgan, and Sequoia also wanted a place, but Luo Sheng decisively refused.

If it is given, the external investment shareholders will have 8 seats on the board of directors, which means that Luo Sheng will have to expand the seats to 17 directors if he wants to control the board of directors, and the VC will have to control 8 seats, and he will have to take 9 seats of nomination to control the board of directors.

Although Luo Sheng has the right to nominate more than half of the qualifications, the number of members of the board of directors is as small as possible.

Goldman Sachs should get a seat on the board, and has led the bidding twice in a row, which can be described as a high-profile support, and according to the shareholders' agreement, Luo Sheng enjoys more than half of the nomination rights, so the board of directors of Bluestar Technology Company has expanded from the original 9 seats to 11 seats, of which Luo Sheng has the right to nominate six board seats.

In addition, the three new investment institutions could no longer get a seat on the board of directors, so they could only retreat to the second place to ask for a seat on the board of supervisors, and Luo Sheng agreed to this request.

With the successful completion of the B round of financing, Luo Sheng's trip to Wall Street came to an end, and he stayed in Manhattan for two more days, and flew to the Bay Area of California on the third day, which was quite a tight schedule.

……

Before Luo Sheng arrived in California, his temporary assistant had arranged a place for him to rest in the San Francisco Bay Area, a luxury villa in a wealthy area, of course, not bought, but rented, and not Luo Sheng's personal contribution, and the expenses would be counted in the company's financial expenses.

The main reason is that Lao Mei's freedom is too much, and Luo Sheng wants to stay here for a while, and he will not ignore the safety issue.

After getting off the plane, Luo Sheng walked out of the terminal, and there was already a luxury car waiting for a long time again.

The special car carrying him drove all the way to the wealthy area of Nanwan, and the client had already arranged Luo Sheng's temporary villa three days ago, and he could move in at any time.

The 929-square-meter Bode One villa is located on the edge of a local mountainside, with an excellent view of the landscape, and the actual price is $20 million.

The entrance has a fluid sense of space, and the layout of the mansion is designed to accommodate large-scale entertainment functions, creating an uninterrupted connection between the interior and exterior.

The entertainment space, living room, lounge, bar, dining room, kitchen and outdoor gazebo lawn are all connected in an open plan design in the same space.

The living room also has a very large floor-to-ceiling glass window that looks out onto the curved landscape.

In the evening, Luo Sheng sat on a chair by the large glass floor-to-ceiling window in the living room, comfortably crossed Erlang's legs, and a work-specific laptop was placed on his lap, he was staring at the screen, sometimes tapping, sometimes stopping to think.

In addition to seeking Series B financing, another important thing for this trip to North America is to establish a new website, a news community website, because the Tieba project some time ago made Luo Sheng realize that there are no websites with similar elements in overseas regions.

That is Reddit, known as the "North American Post Bar", which was created in 2005 and today is January 2, 2004 EST.

Don't think about it, Luo Sheng must be decisive and go his own way, so that others have no way out.

In Luo Sheng's previous life, this super website with global traffic that can reach the 4th place in the world will never be let go.

Reddit is a bit like the Tianya community in China, lively, interesting, chaotic, users through one section after another, discuss the topics they are interested in, Luo Sheng remembers the Reddit of the previous life, some from the small version of 3 people to the super large version of 20 million people, here can be said to be everything.

It's not just a bit like the Tianya community, but also a bit like the model of Yunge Sticker.

But the difference with the Tianya community or Yunge Tieba is that Reddit uses an anonymous mechanism, in other words, it is basically impossible for this website to appear in China, and it must be isolated outside the wall and cannot enter.

Even so, Reddit's global traffic was later able to reach the top four in the world, which shows the popularity of this website in the world.

Reddit's anonymity mechanism also sets the tone for this site, which on the one hand will become a [place for open and honest conversations], and on the other hand, it also means that it is one of the strongest battles for overseas trolls, and this is [the sewers of the Internet], and no one with a strong heart will definitely doubt life when visiting Reddit forum sites.

Luo Sheng also knows that Reddit in the original world has nearly 800 million users around the world, with 250 million monthly active users, but it is difficult to make a profit.

But the reason Reddit can't make money is precisely because of the anonymity mechanism that makes it popular, users can show their identities on the community, but the vast majority of users prefer anonymity, there is no doubt about it.

However, there are many reasons why there are many reasons, such as bad reviews due to the sharing of illegal content, etc., resulting in a lack of interest in Reddit.

But for Luo Sheng, it doesn't matter, even if Reddit keeps losing money in the future, because there is a theory on the Internet - the wool comes out of the dog.

Luo Sheng is not afraid that Reddit itself will not be able to make money, but that there is not enough website traffic, and the Internet industry must be an industry where traffic is king, as long as Reddit's super traffic is there, there are ways to indirectly monetize, such as drainage to BlueSpace or other related mechanisms, so as to indirectly increase BlueSpace's advertising revenue.

This is the wool from the dog, of course, the premise is that the sheep is yours, the dog must also be yours, if the dog is someone else's, it is to help someone else make a wedding dress.

What Luo Sheng wants to build is the "Bluestar Technology Family Bucket", as long as the traffic circulates within the "Family Bucket", the final profits will be harvested by themselves.

……

(Ask for a recommendation ticket, collect...) ）