Chapter 258: It's Good to Be Rich (1/5 Ask for Subscription)

It is difficult for a person to create a business empire, and entrepreneurs lack not only capital, but also technology and talent in the early stage.

Mark Zuckerberg is not a sniffer, so after he created Facebook, he also found people who could help him with technology, and when Facebook didn't have money, all he could give to those people was Facebook's equity.

Similar to Wenming, Mark Zuckerberg found the Facebook co-founder and his roommate at Harvard, Dustin Moskowitz.

But for some reason, Dustin has left Facebook and started his own entrepreneurial path. But even so, he still owns 6% of Facebook's shares, arguably the largest individual shareholder of Facebook after Mark Zuckerberg.

This time, he naturally attended the Facebook shareholders' meeting, or the board meeting.

The reason why he left Facebook does not need to be investigated, but since he has left Mark Zuckerberg, it shows that his relationship with Mark Zuckerberg is actually not very good. Therefore, Mark Zuckerberg did not get his approval when he made the decision to pull Wenming into the car.

Like Dustin, another co-founder of Facebook, Savillin, is also a student at Harvard University, and because his family is in very good condition, he also provided a certain amount of financial help when he created Facebook.

Saverin owns 10% of Facebook's shares, which was forcibly reduced by Mark Zuckerberg, and it is precisely because of this that Mark Zuckerberg and Saverin's relationship is also very bad, and they even went to court in 2005.

If it weren't for falling out with his two entrepreneurial partners, the three of them would not have reached the level of absolute control, even if it was not enough for Mark Zuckerberg to exercise his supreme decision-making power.

It's a pity that there are no ifs in this world.

"Mr. Wen Ming, I think the theme of this meeting should be to discuss how Facebook should get $5 billion in development funding, not who you should buy from Facebook."

Seeing that no one in the conference room raised their hands to sell their shares to Wen Ming, the Red Dot Venture Capital person reminded: "As of now, your shares are only 4.1%, and this still adds Microsoft and Mr. Li Jiacheng's Facebook shares. I hope that you will follow the rules and not disrupt this meeting. ”

The right to speak at the general meeting of shareholders is directly related to the amount of equity in the enterprise held by the spokesperson. The reason why Wen Ming was able to let him speak when he only owned 2.1% of Facebook shares and no one else interjected was because of his own strength.

But now that it's time for the real thing, how can the people of Red Dot Ventures continue to care about Wen Ming's strength?

has torn its face, whether it is Tesla or Apple, Red Dot Ventures has no possibility of a share of the pie. So, he spoke unceremoniously.

Wen Ming sighed inwardly as he made Li Jiacheng and Microsoft give up their Facebook shares through certain deals. Originally, he wanted to use this method to get other Facebook shareholders present to accept his $50 billion premium valuation and sell his shares to him.

However, none of the Facebook shareholders present seemed to be willing to accept the offer.

At this point, his shares, combined with Mark Zuckerberg's shares, really can't give him the initiative in this shareholder meeting.

Mark Zuckerberg was also a little disappointed, he looked at his two former business partners, noticed their hesitation, and regretted it for a moment.

If......

However, just when Mark Zuckerberg regretted it, and Wen Ming sighed in his heart, someone spoke again.

Moreover, it was Dustin who had never opened his mouth before.

"Mr. Wen Ming, are you sure you are willing to value Facebook at $50 billion?"

This question made Wen Ming instantly happy, and Mark Zuckerberg, who was sitting in the first place, was also shocked.

Wen Ming smiled: "Of course, I know that you all think that the market value of Facebook may be more than $50 billion after listing. But when will Facebook be able to go public? ”

After giving the sweet jujube, he will give a stick, this is Wen Ming's current attitude, if there is no one other than Microsoft and Li Jiacheng to answer, then he will not be able to beat this stick.

And now that there is a third party to answer the call, he can tell other Facebook shareholders very 'tactfully' that I will do my best to make Facebook go public a few years later."

In a few years, even if Facebook's shares are listed, how much market value can they create?

And how much benefit can this money create after a few years of pressure?

After the beating was over, Dustin was silent for a minute before he spoke: "I can transfer 5% of my Facebook stake to you, and I want to keep 1% of Facebook." ”

Wen Ming finally laughed and said, "I can give you the money now." ”

The amount of cash in his hand, of course, is not only $5 billion, but the overall calculation, plus the $2 billion provided by Tesla, the total amount of funds he can use at the moment is $10.7 billion.

He didn't expect it to be so difficult to get a stake in Facebook, and by this time, he had decided to put the idea of buying Nokia shares on hold and was ready to do everything in his power to buy a stake in Facebook.

Anyway, it's all about earning, so let's come as much as you want.

As for the acquisition of Nokia...... Wen Ming has a very reluctant plan in his heart, that is, a loan, if it really doesn't work, he can only take that road.

After hearing Wen Ming's promise, Dustin immediately said: "In that case, then congratulations to Mr. Wen Ming, who owns 9.1% of Facebook's shares." ”

With a 1% stake in Facebook remaining, Dustin didn't leave the conference room like Li Jiacheng's people and Microsoft's people. Of course, this kind of transaction can't be done with a few words.

Wen Ming has not given the money yet, and Dustin has not signed the equity transfer letter, but the conversation between the two has determined one thing, that is, Dustin has decided to stand on the same front with Wen Ming.

In other words, Wen Ming's Facebook stake is not only 9.1%, but also Dustin's 1%.

With a stake of more than 10%, Wen Ming is definitely the largest Facebook shareholder in this conference room except for Mark Zuckerberg.

Mark Zuckerberg was also delighted, he didn't know why Dustin did this, but he probably guessed something.

Dustin has been starting his own business since he left Facebook in 2008, but until now, two years later, he has not seen a direction on his entrepreneurial path and has not received strong financing.

At this time, when Facebook's valuation reached $50 billion, choosing to sell his own Facebook shares is very likely to be for the development of the company he created.

After mentally calculating, Mark Zuckerberg's confidence increased and he was ready to directly announce the start of voting.

By this time, however, someone was speaking again.

"Mr. Wen Ming, I wonder if you still have enough funds to receive 5% of the Facebook shares?"

The person who spoke was also Mark Zuckerberg's entrepreneurial partner, Eduardo Saverin.

He said calmly: "If I can, I would also like to transfer 5% of the Facebook stake to you." ”

Savirin owns 10 percent of Facebook, and after selling it to Wenming, he still has 5 percent.

Wen Ming laughed and said, "I don't think there's a problem at all, if you are willing to transfer the other 5% of your Facebook equity to me, I am willing to pay an extra $50 million for this." ”

The wealth is nothing more than that, 10% of the valuation of $50 billion is $5 billion, Wen Ming used this joke to show his nouveau riche posture, showing that he is going to throw money on Facebook.

Saverin smiled and said, "I'm sorry, Mr. Wenming, I can only congratulate you on reaching 14.1% of your Facebook shares. ”

At this point, Mark Zuckerberg took a deep breath, and his mood instantly relaxed, because he felt that the big picture had been decided.

Wen Ming's 14.1 percent stake, plus the remaining 6 percent of Saverin and Dustin, and then his stake in Facebook.

In this room, they have the final say.

While relaxing, Mark Zuckerberg looked at Wen Ming with a smile on his face, and couldn't help but feel a sense in his heart.

"It's nice to be rich."