Chapter 259 26.6% of Facebook shares (2/5 subscriptions)
What is the biggest advantage of Wen Ming traveling to this parallel world?
In addition to being able to get the black technology in the science fiction movies of the previous life, the biggest advantage is naturally the mastery of the future.
Therefore, he agrees that Facebook's valuation can reach $50 billion, while many others believe that Facebook's valuation cannot reach $50 billion.
Valuation is not equal to market capitalization, and investing in a company when it is not listed is to wait until the company goes public to get a return.
At present, although many people think that Facebook's market capitalization is likely to reach about 100 billion, it is only about the right and will not rise to a higher level. In this case, the current benefits of investing in Facebook have only doubled.
Coupled with Wen Ming's threat, he said very euphemistically that he would try his best not to let Facebook go public in the next few years, and Mark Zuckerberg also meant this. So, how many people can accept an investment that only doubles the return in a few years?
Li Jiacheng, Microsoft, Dustin, Saverin.
They all believe that a sum of money in their own hands can definitely create more than double the return in a few years. Therefore, they are willing to sell their shares to Wen Ming.
So far, Wen Ming has a 14.1% stake in Facebook, and he has paid $6.05 billion.
It seems extremely uneconomical, because when he premiumed Facebook's valuation to $40 billion, he added another $10 billion, bringing Facebook's valuation to $50 billion.
But for Wen Ming, this is very cost-effective, because he not only got so much Facebook equity, but also got the other 6% of Facebook shares, that is, Dustin and Saverin's Facebook equity rights.
"Now, let's vote, shall we?"
Wen Ming has enough say to become the largest individual shareholder of Facebook after Mark Zuckerberg, and the second largest shareholder of Facebook, including the six investment banks. So, he said with a smile on his face: "I agree with Mr. Mark Zuckerberg's decision to increase my own capital by $5 billion as Facebook's development fund." ”
At the same time, it means that other Facebook shareholders who cannot increase the capital will have to sell some of their Facebook shares to Wenming.
Mark Zuckerberg also said with a smile: "I agree with the $40 billion valuation proposed by Mr. Wen Ming and me, Mr. Wen Ming will get 12.5% of Facebook's shares, and this share will be diluted from all Facebook shareholders here." ”
"In addition, the $5 billion capital increase by Mr. Wen Ming will be used for the development of Facebook, and no shareholders, including me, will be allowed to cash out."
Seeing that Wen Ming began to propose to vote, how could Mark Zuckerberg not understand that Wen Ming had no money in his hands.
If someone proposes to sell their shares to Wen Ming at this time, then Wen Ming has no money to buy it, and the overwhelming advantage they have just built up with great difficulty will become a joke.
Accept it when you see it, Mark Zuckerberg and Wen Ming sang and harmonized, bringing this meeting into the final stage.
The representative of LinkedIn looked calm, he knew that at this time it was powerless, and with so much equity of Mark Zuckerberg and Wen Ming, it was completely possible to directly exercise Mark Zuckerberg's highest decision-making power.
At this time, the highest decision-making power is the real highest decision-making power.
But the person in charge of Red Dot Ventures said unwillingly: "I think that since Mr. Wen Ming has premiumed Facebook's equity to $50 billion, then this capital increase should also be calculated according to Facebook's valuation of $50 billion." ”
This sentence has been agreed by many people, although they know that the general trend has gone, they regret that they did not agree to Wen Ming's request to buy Facebook shares just now, resulting in not only being unable to cash out, but also making Facebook unable to go public within a few years.
However, they didn't mind letting Wen Ming spend a little more money.
And this proposal was put forward by the people of Red Dot Ventures, and it has nothing to do with them, if you want to offend Wen Ming, it is only the people of Red Dot Ventures who offend Wen Ming.
"I said it, now, vote."
The smile on Wen Ming's face was put away, and he looked at the person in charge of Red Dot Venture Capital with a serious face, and said, "I'm sorry, your equity is much less than mine, so you are not qualified to propose." Of course, you can vote no. ”
Shameless, this is Wen Ming's comment to the person in charge of Red Dot Ventures, and he has already begun to want to take revenge on Red Dot Ventures in his heart. It's just a small venture capital company with billions of dollars, and it dares to go against itself all the time.
As for the way of revenge?
Wen Ming thought of the future when Facebook was listed, and the market value collapsed again after creating a miracle, and he couldn't help but snicker in his heart.
Judging by his current perception of the head of Red Dot Ventures, this person absolutely couldn't help it at that time.
Mark Zuckerberg also did not give the person in charge of Red Dot Ventures a good face, and then Wen Ming's words said: "My proposal and Mr. Wen Ming's proposal has been completed, and voting will begin now." ”
With that, he raised his hand.
There are only so many shareholders in the Facebook shareholders' meeting, and the voting link is naturally very simple, after Mark Zuckerberg raised his hand, Wen Ming also raised his hand.
Then, Dustin and Saverin also raised their hands, although they and Mark Zuckerberg were close to turning against each other, but for the sake of profit, they did not care about those hatreds.
Four people raised their hands, and their shares in Facebook have exceeded 50%, not to mention Mark Zuckerberg's highest decision-making power, how many votes can he still vote for?
The general trend has gone, and in the face of Tie Qing, the head of Red Dot Ventures, the first individual investor to invest in Facebook, also raised his hand.
Then, the LinkedIn venture capital investors also reluctantly raised their hands.
……
After the meeting, the Sith, who had been waiting outside the conference room, got the news. If it was before, he would still think that Wen Ming had been wronged once. But now, he has become a fanatical believer in Wen Ming, so he naturally immediately began to work hard and go through the procedures with Facebook and several other shareholders.
"You're getting a 26.6 percent stake in Facebook, and you're paying $10.05 billion in cash."
The formalities are still being processed, and the Sith report has already arrived in front of Wen Ming.
"The other $1 billion that was not paid was the 2% stake in Facebook owned by Microsoft and Li Jiacheng."
Sith said: "And according to the results of your previous negotiations with them, this share will be exchanged for Apple's shares in the form of a swap." The negotiated valuation of Apple will be replaced by $150 billion, and at the same time, they will take out some cash to get more Apple shares. ”
Mark Zuckerberg, who heard all this next to him, had a speechless expression on his face, looking at Wen Ming, who was calculating in his heart how much he could earn this time.
"Why do they think that Apple makes more money after going public than it does after Facebook goes public?"
After a long silence, Mark Zuckerberg asked hesitantly: "Your Apple valuation has reached $150 billion, even if it is better than my Facebook, at most it will only double after listing, why are they willing to give up Facebook, which can also be doubled, or even tripled, to invest in your Apple?" ”
Wen Ming laughed and said, "That's because, so far, Facebook has not found its own revenue point." How much do you think Facebook can make a year just by relying on ads? And how much money can my Apple make a year? ”
Seeing that Mark Zuckerberg was still a little unwilling, Wen Ming said again: "In addition, I would like to invite you to participate in Apple's new product launch conference, just one month later." ”
"New products?"
Mark Zuckerberg was stunned for a moment, then asked, "You mean the second-generation iPhone?" But it's been less than a year since you launched the first iPhone, so soon...... Wait, you're talking about a new product that won't be ......"
Wen Ming patted Mark Zuckerberg on the shoulder, he likes this action very much now, those who were unattainable in his previous life, he can now easily pat others on the shoulder, and the other party has nothing to say, this feeling is really cool.
"Do you think that if it was only the second-generation iPhone, people like Bill Gates and Li Jiacheng would think that Apple's profitability would be able to go to a higher level?"