Some entrepreneurs with self-confidence will stick to a bottom line in the process of financing, that is, to grasp the highest decision-making power.

The so-called supreme decision-making power means that no matter whether my stake is the highest among all shareholders, whether other shareholders disagree with me, and whether the board of directors wants to make decisions that are different from my ideas.

I have the right to decide the direction of the company.

Just as Ukraine proposed at the UN meeting to eliminate Russia's veto, Russia used its veto power to directly veto the proposal. Entrepreneurs with the highest decision-making power can be said to be able to achieve dictatorship in their own companies.

However, the highest decision-making power is not absolute.

How talented was Steve Jobs in the other world? After the creation of Apple, he also made such a request in the financing process, but at a certain stage, it was not because of Apple's poor business conditions, and other shareholders united to kick him out of Apple?

Mark Zuckerberg is now at a point where he has the supreme decision-making power, but if the other shareholders band together to veto his decisions on the grounds of Facebook's mismanagement, there is no way for him to continue to exercise supreme decision-making power.

Capitalists have never been good people, so how can they allow their invested money to be completely controlled by others?

All rights and interests are relative, and the key point is whether the decisions proposed by Mark Zuckerberg on Facebook can be recognized by all shareholders, or the vast majority of shareholders, and can make Facebook go in a better direction.

"I know his methods are good, and I know that his methods will allow us to earn more."

The person in charge of Red Dot Capital said helplessly: "However, I can't wait for a few years, I want to make money now." ”

This sentence left the other shareholders of Red Dot Capital speechless, and in their investment cases in recent years, except for Facebook, other investments have not been able to generate significant returns for them.

For a venture capital company, taking the client's money to make an investment, the annual financial statements are not good, and it cannot provide the client with a decent return, how can the client support them?

Even though Red Dot Ventures thinks Facebook will be worth more money in a few years, their clients don't necessarily think so.

"And, even if Facebook is listed now, its market value may not be as good as it will be in a few years' time. But will the market value be fixed if it is listed? ”

The head of Red Dot Capital said: "Wenming increased its capital by 5 billion US dollars, and we couldn't get a penny, and through the IPO, we were able to cash out at least half of our Facebook shares, which is our income, which allows us to pay for our customers." ”

"And Facebook is still developing, and if the market value can be higher in a few years, the other half of the Facebook stock in our hands can generate enough income for us. So, why do we want Wen Ming to take a stake in Facebook? ”

After saying this, the head of Red Dot Capital left the conference room of his company, and the internal resolution of Red Dot about this Facebook capital increase had appeared, so he could go directly to Facebook's headquarters to meet the board of directors.

At the same time, Morgan Stanley's affiliates, among Facebook's shareholders, have also arrived in Silicon Valley and are heading to Facebook's headquarters for a shareholder meeting.

As Mark Zuckerberg said before, their interests are actually the same, and they have invested in Facebook for many years. After all, Facebook was created in 2004 and is now in 2010.

Six years later, they didn't invest in Facebook at the beginning, but they can't wait to see the benefits.

Wen Ming also arrived at Facebook's headquarters, although he has not yet succeeded in increasing his capital, he already has a 2.1% stake in Facebook, so he is fully qualified to participate in this Facebook shareholders' meeting.

The reason why it is a general meeting of shareholders rather than a board meeting is because Facebook is not listed yet, so there is no board of directors.

"Mr. Wen Ming, I'm sorry for the rudeness of my subordinates before."

After arriving at the Facebook headquarters, the person in charge of Red Dot Ventures met Wen Ming, and then greeted Wen Ming with a warm face.

Wen Ming is a real rich man, not to mention anything else, and now he has come to Facebook headquarters with $5 billion in cash, which is something that other shareholders of Facebook can't do. Including Microsoft, which is the richest among Facebook's shareholders, it is impossible to withdraw $5 billion in cash in such a short period of time.

And for such a wealthy person, how can a venture capital company like Red Dot ignore it? The reason why the representatives sent before ignored Wen Ming like that was just to sing black faces while expressing their positions.

Wen Ming looked at the person in charge of the venture capital who was singing white-faced red spots, and said with a smile: "I'm sorry, I don't know you, so, who are your subordinates?" Why are you sorry? ”

This sentence made the scene instantly quiet.

Facebook's shareholder meeting was held at Facebook's headquarters, and the shareholders who arrived first waited in a reception room with a variety of food and drinks. Wen Ming sat on a sofa at the edge of the reception room, next to him was Mark Zuckerberg, surrounded by several Facebook shareholders or shareholder representatives.

When the person in charge of Red Dot Ventures entered, someone had already exchanged a few words with him, and when he walked to Wen Ming's side, someone also introduced his identity to Wen Ming, and the introducer was Mark Zuckerberg.

Therefore, the person in charge of Red Dot Ventures did not introduce himself, but directly began to 'apologize'.

Mark Zuckerberg noticed that the person in charge of Red Dot Ventures had become ugly, and hurriedly opened his mouth to introduce it again, this time the introduction was loud, and several other shareholders next to him could clearly hear it.

"This is the head of Red Dot Ventures, and he ......"

Wen Ming waved his hand, interrupting Mark Zuckerberg to introduce the other party's name, and opened his mouth to ask, and his voice was also very loud.

"Red Dot Ventures? Is it a venture capital firm? ”

Wen Ming looked at the person in charge of Red Dot Ventures with an ugly face, and said indifferently: "Why haven't I heard of this company before?" Is it a venture capital firm on Wall Street and Silicon Valley? ”

The Facebook shareholders next to them already know what happened to Wen Ming and Mark Zuckerberg yesterday. Red Dot Ventures was going to make a statement yesterday, so naturally they won't be able to hide the news.

So, there is a smile in their eyes now, although they are on the same side as Red Dot Ventures, it does not mean that they are friends.

If Facebook can be listed for IPO, then they are all shareholders of Facebook, and they all have Facebook shares.

The person in charge of Red Dot Ventures is about to explode, and it stands to reason that people like him should be able to control their temper and complexion. But first, he didn't expect Wen Ming to be so cautious, and secondly, this kind of revenge to ignore him in front of other shareholders, and even not let Mark Zuckerberg introduce his name, is not at all like the way of life in high society.

Resisting the urge to punch Wen Ming in the face, the person in charge of Red Dot Ventures took a deep breath and directly introduced himself.

"Mr. Wen Ming, Red Dot Capital is a venture capital fund founded in Silicon Valley in 1999, and our current headquarters is in Silicon Valley."

After the person in charge of Red Dot Ventures introduced the background of Red Dot Ventures, he said with a serious face: "I am the current person in charge of Red Dot Ventures, you can call me ......"

Wen Ming suddenly let out a long sigh, and said with a suddenly realized expression: "I remember, did you still want to participate in Apple's Series A financing before?" I'll just say, I always feel that the name Red Dot Ventures is a little familiar. ”

"It's just that at that time, when my Apple company screened the A-round financing targets, it directly eliminated the venture capital companies with funds below $10 billion."

interrupted the other party to introduce his name again, Wen Ming's expression became playful, he was indeed cautious, so he didn't care about tearing his face.

"I'm sorry, but if I knew you were a Facebook shareholder, I thought we could have talked about it at the time."

It's the same as I'm sorry, but the person I'm sorry for has a completely different reaction.

The person in charge of Red Dot Ventures is already furious, he just wants to introduce his name, is it so difficult?