Sioux City, Office of the CEO of Bluestar Technology Headquarters.

"Mr. Chairman."

Johnny entered Luo Sheng's office, just returned from North America yesterday, came to work early this morning, and not long after sitting down, the agent director representing Goldman Sachs Capital's interests in Bluestar Technology came over as soon as possible.

As soon as he came in, he asked with a solemn tone of dissatisfaction: "Why didn't you even say hello to the board of directors in your copyright cooperation with the five major record companies?" With a total value of $192.2 million, just to get the digital music licensing of the five major record companies, and to give 60% of the revenue to the record companies? I think you should have a reasonable argument for this to all the investing shareholders. ”

Johnny is not humble because Luo Sheng is the founder and chairman and CEO of the company, from the "Company Law", the chairman and directors are not superior and subordinate, and they are all one person, one vote voting rights on the board of directors, and Johnny is the spokesperson of Goldman Sachs Capital in the interests of Bluestar Technology, although he is a director of the company, but his primary responsibility is not to be responsible for the company, but to his shareholder Goldman Sachs Capital.

So he didn't need to give Luo Sheng too much face at all.

But Luo Sheng was the same, and said lightly: "Mr. Johnny, I really sincerely suggest to you, if there is really nothing else, it is better to go out and travel and experience the 5,000-year-old civilization of this land, as for the company's affairs, I know very well what I am doing, and I don't need you to remind me." ”

Johnny was furious, but he endured it and said, "Mr. Chairman, don't forget that you use all the funds of investors, but what have you done?" Nearly 60% of the Series B funding was spent in one go, and the investors didn't interfere with the company's operations, but you can't do that, and the funding should have been used to expand BlueSpace's user growth and operations. ”

Luo Sheng turned his back against the boss's chair at an angle, put his legs on the office desktop, glanced at Johnny, and said: "Goldman Sachs Capital led the B round of financing and contributed a lot of money. OK, I see, wait for the audit report, you can go out. ”

"You ......"

Johnny was very annoyed when he saw Luo Sheng's attitude, and he didn't know what to say to go back, and after a while, he said indignantly: "I have never seen such an arrogant person!" ”

Leaving such a sentence, Johnny left the office angrily and helplessly, otherwise what else could he do, there was no way to take him at all, there was a clear agreement when financing, and investors were not allowed to interfere with the company's operational decisions.

It can be said that when investors can be tough with Luo Sheng, it is when they are talking about financing.

Luo Sheng is not afraid that Johnny will go back to make a small report with Goldman Sachs headquarters or something, no matter how much "indiscriminate spending" can not change the company's strong business potential, the development of Yunge search is also remarkable, BlueSpace has hundreds of millions of users, in other words, Luo Sheng can now make the company have the ability to monetize traffic at any time.

Anyway, VC can't intervene in what he wants to do, if Goldman Sachs is really dissatisfied, he will withdraw his capital, cash out the equity transfer in his hand and leave, but the premise is that someone can take over, or wait for the company to cash out after the IPO is listed.

Luo Sheng is indeed a "loser" founder in their eyes, and his path is also very wild, but he can create miracles.

Frankly speaking, if Goldman Sachs Capital wants to transfer its equity now, SoftBank Capital will definitely accept it all, but Luo Sheng firmly believes that Goldman Sachs Capital will never do this, the reason why these large investment institutions can stand tall in the world is that they are not investing in a start-up company, but the entire industrial chain, as long as they believe that this industry is expected in the future, then insist on investing.

Many people are talking about the investment vision of SoftBank Capital and Sun Zhengyi, especially in China now, many media are lamenting its outstanding strategic vision, because the development momentum of SoftBank Capital's investment in Ahri Baba is also very fierce, and it has been established for almost a year.

SoftBank Capital has invested in Bluestar Technology, which is the company's fourth largest shareholder, which goes without saying that Bluestar Technology is the latest among the four giants of the domestic "BALT", but the valuation has thrown off the other three giants, and the development momentum is extremely fierce, which is unmatched in China.

So many people are touting Sun Zhengyi's investment strategic vision, but what most people don't know is that while SoftBank Capital invests in Ahri and Bluestar Technology, it also invests in dozens of large and small startups.

Obviously, this kind of large-scale investment institution determines the prospect of an industry, and unswervingly invests in the law of large numbers, casting a wide net, and catching one is to make money.

Bluestar Technology was an accident, because the development was too fast, and the prospects of other startups were still uncertain, even Ahri now no one dared to say that this startup would be successful.

But Bluestar Technology is now sure to succeed, no one doubts, in the field of real-name social networking, its Matthew effect has begun, the domestic market share has exceeded 70%, and the overseas development momentum is also extremely rapid, MySpace, a North American competitor, is a little overwhelmed, because of missing the outlet, Luo Sheng is very bold and decisive to land in the overseas market, and invested tens of millions in the North American market in the early stage, and now it is only a lot more.

MySpace has not come up with much disruptive innovation, and Luo Sheng has long taken this potential competitor seriously, so the international version of BlueSpace is now far ahead.

Not long after Johnny left, Luo Sheng lowered his legs from the table, took a sip of tea to refresh himself, and prepared to devote himself to work.

After opening the computer to log in to the email, he saw an unchecked email, Luo Sheng glanced and found that it was an email sent by George Charles, the president of the North American branch.

George sent an email to the headquarters for instructions on the launch of the new overseas version of the project [MusicSpace], and the content of the email showed that the operations department in North America discussed it together, and finally agreed to let the company's other products attract traffic to it, mainly the international version of the BlueSpace website. With a strong user base of the company's other products, MusicSpace has a strong advantage as soon as it is launched.

This has to talk about the current development status of Bluestar Technology, and it is also the biggest reliance that Luo Sheng dares to rely on Johnny's temper at all.

In April, the global user registration volume of the company's social networking site [BlueSpace] exceeded 200 million, including 65.2 million overseas users, and 30 million North American users for the first time.

The Reddit website is also a big hit, although it has been criticized since it was launched, but the interesting thing is that the more scolded, the more popular it is, many people in the industry feel that this website pills, the result is a big surprise.

Through Alexa queries, it was found that the number of visits to Reddit has been rising, and since its launch, it has gained 18 million users in North America and more than 30 million users worldwide, and the growth momentum has even surpassed that of BlueSpace.

But then again, the quality of Reddit users is still up for debate, after all, there is no limit to registration, a person can register as much as he wants, and the gold content of Reddit is mainly based on its traffic data.

But that doesn't deny the success of Reddit, which, despite being sprayed as dogs of all kinds, is indeed on fire in North America, and is likely to be a big hit in the future.

Bluestar Technology launched [MusicSpace] this year, a new product, which has also attracted a lot of attention from the market.

Luo Sheng thought for a while, and then replied to George Charles' email,

Considering that the overseas version of [MusicSpace] has to compete with Apple's iTunes, and iTunes has been developing for more than three years, and it has not yet come out with a smartphone, but the iTunes music store has the advantage of the iPod as an electronic product, and it really needs a little help for the fledgling [MusicSpace], after all, the opponent should not be underestimated.

So agreed!

But only that, Luo Sheng still solemnly stated in the email that [BlueSpace] is prohibited from accepting third-party advertising business, to a certain extent, this is Luo Sheng's current cash cow, and it is the biggest capital to ask investors for money.

Although the company's other products are operating remarkably, the development is also good, but they are not as good as [Blue Space BlueSpace], other products such as Yunge Search, is not the leader in the field of search engines, and [Blue Space BlueSpace] is the king in the field of real-name social networking, there is no stronger than it in the world, and it still continues to open a gap with competitors, of course, the value is completely different.

……