Chapter 257 Transactions at the General Meeting of Shareholders
"Actually, my time is still very valuable."
Wen Ming spoke for the first time in the conference room of the Facebook headquarters, and the originally silent conference room became even quieter, and no one could ignore Wen Ming's words, because Wen Ming was the richest among the people present.
Even, more money than those investment banks.
And Wen Ming's next words made the Facebook shareholders present, including Mark Zuckerberg, feel a strong nouveau riche smell.
"So let's be more direct, your purpose is nothing more than to cash out as soon as possible, whether it's to get Morgan Stanley to take a stake in it, or to let Goldman Sachs help Facebook go public."
Wen Ming said with a whimsical expression: "In that case, then, why don't you sell me the shares in your hands?" ”
Enterprises with too many shareholders often fall into this kind of debate about the direction of the company, and Wen Ming doesn't like this feeling very much, so when he buys Tesla, it is a wholly-owned acquisition. Later, even if Sequoia Capital was allowed to take a stake, it also allowed itself to hold an absolute controlling stake and the highest decision-making power of Tesla.
With the supreme decision-making power of absolute control, it is the real supreme decision-making power, and Mark Zuckerberg's supreme decision-making power is a bit fake. Otherwise, Wen Ming wouldn't have wasted so much time.
"I can put Facebook's valuation at a premium of $50 billion, and then you sell me your Facebook shares."
Facebook is currently valued at only $40 billion, and that's at a premium. If the premium is further $50 billion, it is already equivalent to the market value that many people think will be after Facebook goes public.
In another world, although Facebook created a market value of $104 billion when it went public, it became the most valuable company listed in the United States, and it was also the most valuable company listed by a global high-tech company.
However, it was another world in 2012.
At this time, the Facebook that Wen Ming was talking about was still in 2010, and both the revenue and the scale of global users were much worse than the Facebook of another world in 2012.
In another world, in 2010, Facebook's valuation was actually only more than 20 billion US dollars, and the reason why it was able to pay a premium of 40 billion US dollars was because Wen Ming developed ins, a mobile phone social photo sharing software, and sold it to Facebook in advance, and launched the iPhone, which made the world's smartphone users grow rapidly.
It can be said that if Wenming hadn't launched Instagram and iPhone, the world's Facebook would really not be worth $40 billion at this time.
However, there is no way to do it, if Wen Ming did not launch these two products, he would not have the money to sit at the Facebook shareholder meeting and make everyone honestly shut up when he spoke.
There will be gains and losses, and there will be gains and losses, and between gains and losses, Wen Ming feels that he still makes a lot of money. Therefore, he directly at the Facebook shareholder meeting, trying to smash out the people who disagreed with him.
And the people of the six venture capital firms, including several individual investors, as well as Facebook co-founders, executives and technologists who own a stake in Facebook, all had an urge to sell their shares to Wenming after hearing about the $50 billion valuation.
When they invested in Facebook, Facebook's market value had never been so before, and the last person to become a Facebook shareholder before Wen Ming was Li Jiacheng, the richest man in China, who paid $120 million to get a 0.8% stake in Facebook. In this way, Facebook's valuation does not even exceed $15 billion.
The shareholders sitting here invested in Facebook earlier than Li Jiacheng, so if they accept the $50 billion valuation proposed by Wen Ming, then they will definitely earn several times the income.
The head of Red Dot Ventures was the first to speak, saying: "If you are willing to accept Facebook's valuation of $80 billion, then I can sell you all the Facebook shares that my company owns now." ”
When he said this, the person in charge of Red Dot Venture Capital was full of smiles, he was slapped in the face by Wen Ming before, because his company did not have Wen Ming's company before, and Wen Ming was not rich. And now that he had torn his face, when Wen Ming wanted to smash them with money, how could he not fight back?
The $80 billion valuation is still far from Facebook's later $500 billion valuation, and this investment is definitely worth it. But Wen Ming doesn't have that much money, and Red Dot has a 10% stake in Facebook, so it will take $8 billion to buy.
Although Wen Ming's money is more than $8 billion, he still has to invest in other projects.
The other shareholders also have a general understanding of Wen Ming's family background and know that Wen Ming is unlikely to accept an offer of $80 billion, so they are all ready to see jokes, and they don't like Wen Ming's current attitude.
Wen Ming said indifferently: "I think it's easier than valuing Facebook at $80 billion, and I directly acquired your company." By the way, what's your company called? ”
The assets of venture capital firms are the shares of the companies they invest in, and none of the companies in which Red Dot invests are valuable, except for Facebook. Of course, this value is for Wen Ming.
If Wen Ming ruthlessly acquires the companies invested by Red Dot, then Wen Ming is equivalent to mastering Red Dot.
After the confrontation, there are still people who are willing to ease the atmosphere.
A representative from LinkedIn said: "Mr. Wenming, we all know that if Facebook goes public, the market value is very likely to exceed $100 billion within two years. Therefore, it is impossible for us to sell our Facebook shares before Facebook goes public. ”
Wen Ming laughed and said: "You can only represent you and your company, not others, I think, among the people present, there should be someone willing to accept the valuation of 50 billion US dollars, right?" ”
In fact, when Wen Ming and Mark Zuckerberg met with other Facebook shareholders yesterday, they were ready to buy the shares in the hands of other Facebook shareholders, because this business will definitely be profitable.
But because of the refusal of the red dot, their follow-up meeting work became very difficult. Therefore, he can only make this appeal at this time.
The representative of LinkedIn was about to respond to Wen Ming's words when he heard someone say: "On behalf of Mr. Li Jiacheng, I accept Facebook's valuation of $50 billion and transfer our Facebook shares to Mr. Wen Ming." ”
A white woman in the room raised her hand and said, "I'm leaving this room now to prepare a power of attorney, and our Facebook shares, as well as voting rights, will all belong to Mr. Wen Ming from now on." ”
The Facebook shareholders in the conference room, except for Wen Ming and the white woman, all had very strange expressions.
Even Mark Zuckerberg looked at Wen Ming in surprise, Wen Ming hadn't told him before this one.
No one doubted the identity of the white woman, who had been representing Li Jiacheng in Facebook meetings since he became a shareholder of Facebook.
After the white woman decisively left the conference room, someone raised her hand and said, "On behalf of Microsoft, I also accept Facebook's valuation of $50 billion, and transfer our Facebook shares to Mr. Wen Ming." ”
Two Facebook shareholders in a row accepted Wen Ming's offer, and at this time, if there was no secret transaction before, the other Facebook shareholders did not believe it.
No one of them spoke, they were waiting to see who else was willing to accept Wen Ming's offer, or rather, to stand on the same front with Wen Ming.
……
ps: I'm sorry, there are only three watches today, I can't stand it, try to five watches tomorrow, and pay it back all at once.