Chapter 257 Venture Capital

ALTHOUGH HE WAS MOVED BY LU CHONG'S SINCERITY, ZUCKERBERG'S FACE STILL SHOWED UNDISGUISED DISDAIN WHEN HE SAID HIS SUGGESTIONS FOR THE FUTURE DEVELOPMENT OF FACEBOOK, AND IT WAS OBVIOUS THAT HE DIDN'T THINK ANYONE ELSE KNEW FACEBOOK BETTER THAN HIM. 【】

However, when Lu Chong put forward the functions of image recognition technology circle, LIKE key like function, open platform port, and allowing users to set up advertisements independently, this arrogant kid finally showed a look of shock and even admiration on his face!

"Lu, you're a genius! No, you're a master strategist, are all these ideas popping out of your brain?" Zuckerberg was so excited that he even got up from his chair and praised Lu Chong loudly, causing other customers in the café to look sideways.

But Zuckerberg didn't mind at all, he never minded the eyes of others, otherwise he wouldn't have left a difficult reputation in future generations.

"LU, YOU'RE A GUY WHO REALLY KNOWS FACEBOOK, YOU'RE AN ANGEL MORE THAN EDWARD! I'M WILLING TO ACCEPT AN INJECTION FROM A LIKE-MINDED PERSON, BUT BEFORE THAT HAPPENS, CAN YOU LET ME TAKE A LOOK AT THE DAMN FILE YOU HAVE?"

Looking at Zuckerberg with an eager face, Lu Chong couldn't help but laugh secretly, the points he just mentioned were actually some new features that Facebook added one after another in the development process, many of which were pioneered by Facebook.

These features were later proven to be one of the factors in Facebook's success, and Lu Chong is now saying them in advance, which of course seems to be both ahead of its time and bullish, and it is definitely in line with Zuckerberg's heart. 【】

However, Lu Chong left a hand in the statement just now, and only roughly pointed out the creativity, but did not elaborate on every point. Zuckerberg suddenly heard so many good ideas about Facebook, but he didn't know the details, and of course he was itching.

However, in the face of Zuckerberg's urgent request, Lu Chong smiled slightly, put the document back into his bag, and took out a pen and an A4 paper and handed it to Zuckerberg.

"Mark, since we both have sincere cooperation, then there is no need to rush at this time, I came with sincerity and funds, write down your requirements in the notebook, if appropriate, we will initialize the reappointment!"

In the previous life, after Zuckerberg founded Facebook, he immediately wanted to kick Eduardo, one of the founders of the site, out of the company, and the first twenty employees who followed him were only one after a few years, and it is clear from here that this guy is not a pure person.

Lu Chong didn't want to let him see the memories of the afterlife that he had worked so hard to sort out, and then be kicked away by this guy, only after the two parties signed a legally binding document, he would hand over the document at hand to Zuckerberg to see.

If it were in China, Lu Chong's obvious distrust would probably cause Zuckerberg's disgust and cause the cooperation to be ruined.

But although Zuckerberg's temperament is eccentric, he grew up with an American-style education since he was a child, and his thinking is still purely American, and the spirit of contract is deeply implanted in his soul, so he has no objection to Lu Chong's request, and after a little contemplation, he immediately began to take the pen and write on the paper.

Lu Chong took advantage of the time when Zuckerberg wrote the terms and ate his own dinner. Zuckerberg wrote very quickly, and Lu Chong had just finished dinner, he also stopped the pen in his hand and handed Lu Chong the paper on which he had written most of the page

Lu Chong picked up the paper and carefully examined it one by one, this thin temporary contract, Mark Berg may not have thought it through, just wrote it according to his own mind, but Lu Chong understood that even a percentage point in the contract may represent a billion dollars in the future life!

First of all, Zuckerberg stated his claim to control of the company in the agreement, he set himself a 51% stake, and set up 5%, 3% and 2% shares for each of his three roommates in the same dormitory, and another early investor, Eduardo, who had always hated Zuckerberg, got 15% of the shares!

In other words, Zuckerberg left Lu Chong only 24% of the shares, and Lu Chong needs to pay a price of $300,000 for this, which means that Zuckerberg's current valuation on Facebook is more than $1.25 million.

In addition, the agreement also stipulates that when Lu Chong's investment from the company reaches 10 times, Zuckerberg and the company have the right to buy back shares from him at a market value price.

It seems that Zuckerberg has long had the idea of venture financing in mind, and the agreement he drafted was completely written in accordance with a normal venture capital plan.

Lu Chong gently put down the paper in his hand and said to Zuckerberg with a smile: "Mark, you see, I will bring two beautiful and lovely ladies to you, instead of those investment lawyers who charge $400 an hour, I think this can already represent my sincerity, and you don't want to deal with those annoying investment lawyers, right?"

Seeing Lu Chong mention the investment lawyer, Zuckerberg's face showed obvious disgust, he waved his hand and said, "Oh my God, can you stop mentioning those guys? Lu, if you come here with those annoying guys today, I'm afraid I won't even give you a minute, I'm really fed up with those vampires!"

There is a saying in the United States that every venture capitalist needs two lawyers, one divorce lawyer to help them protect their assets, and the other is an investment lawyer to help them maximize the benefits of the investor.

As investment lawyers who charge up to $400 per hour, the greatest value of their existence is to set up various favorable terms for investors when drafting investment contracts, so that they can use these treaties to profit at the time of final exit.

Everyone who wants to start a business and want to get venture capital may hate and fear the most in their minds those cunning investment lawyers.

Lu Chong looked at Zuckerberg's expression and couldn't help but secretly rejoice, it seems that Zuckerberg had tried to get venture capital before this, but it had not been successful, which gave him the opportunity to invest in Facebook.

However, since Zuckerberg has failed with other venture capitalists, Lu Chong believes that his chances of persuading Zuckerberg will be greatly increased, because the conditions he is ready to invest will definitely be extremely sincere in Zuckerberg's eyes......