In mid-May, Wang Wei's last personal investment in e-commerce Amazon finally arrived.

With a total investment of 500 million yuan, Amazon founder Zhao Yichuan can let go and expand his own ideas and open up his own territory.

Of course, this also means that the valuation of his shares has soared, and a billionaire has just been released.

- Even in the era of the Internet to create wealth, millionaires and multimillionaires may not be uncommon, but billionaires are still an existence that most entrepreneurs look up to.

But Zhao Yichuan doesn't have much pride, because the young man in front of him is about to play a bigger financing and create a wealth that even billionaires will breathe at.

Some people may be surprised, Wang Wei personally has money to invest in other Internet companies, why does his own company need external financing?

Not to mention the problem of whether his personal funds are enough to burn - Penguin Communications has more than 150 million users, and personnel, venues, and servers have to expand with it.

What's more, if Wang Wei personally reinvests, the shares will be highly concentrated in his hands, which may not be a good thing for an Internet company.

The most important thing is that Weibo technology has also reached the stage where it needs the help of venture capital.

——The "help" here is more of the assistance of talents.

Wang Wei had seen a formula in his previous life: continuous success of the enterprise = strategy × organizational ability.

Find the right tuyere, and pigs can fly; But whether it can last for a long time depends on organizational ability.

Weibo technology was relatively small in scale before, there was only one core product, and it was relatively easy to manage the personnel.

But all the way to today, Wang Wei has an alarm bell beeping in his heart: the management of Weibo Technology has reached the point where it has to be reorganized-

The engineer management team led by co-founder Jiang Lei has the advantage of strong technical ability, the ability to quickly develop products, and the spirit to carry it to the end when encountering difficulties.

However, with more and more aspects to be taken into account, they blindly pursue perfection and lack of adaptability in rapid trial and error and rapid error correction; If you don't replenish the team in time and increase the number of masters in operations, products, markets, HR, etc., the more Weibo technology expands, the easier it is for organizational management to get out of control.

Wang Wei first had to find an excellent professional manager to be the CEO.

And to find professional managers, especially professional managers who are familiar with the Internet, that is the specialty of venture capital.

In fact, influential established VC firms have a handful of CEO candidates, who may be founders and executives of companies in which VCs have previously invested – one of the reasons why well-known VCs are more likely to succeed than smaller firms, which have a lot of talent to manage the company on their behalf.

In addition, Weibo Technology will carry out industry mergers and acquisitions in the future, if you only rely on yourself, you may not find the right way, at this time, "contact" a wide range of venture capital can help connect the companies you invest in.

In short, venture capital, if used well, will be an excellent partner for entrepreneurs.

Zhao Yichuan naturally understands all the things inside, and inevitably says with some envy: "I don't know when Amazon will have old venture capitalists come to the door......"

Wang Wei signed the transfer agreement, stood up with a smile, and stretched out his right hand at him: "I believe that this day is not far away." ”

Holding his hands together, Zhao Yichuan nodded heavily: "I also believe this, so let's encourage each other." ”

……

The news of Weibo Technology's launch of the second round of financing has made the entire venture capital circle move.

For most venture capitalists, it is difficult to figure out which entrepreneurs are worth investing in in the boom of Internet companies; With countless new concepts and technologies on display every day, it's no easy task to tell which one will catch on.

Wang Wei's Weibo technology is a breath of fresh air.

As long as the company continues to develop at a rocket-like speed and grows at tens of millions or even hundreds of millions of users every year, it will inevitably become one of the most influential Internet companies in China......

It's just such a start-up that relies on the founder's self-raised funds to meet its development needs, and is unmoved by external investment, so investors don't know where to start.

From this point of view, Wang Wei, the "miracle worker" who has made many venture capitalists have greater confidence in Weibo technology, has become an obstacle on the contrary.

This time is no different.

In an office in a building just across the street from Weibo's headquarters, several men with different expressions stood or sit, and the air was filled with the smell of storms.

They are all well-known on the list of domestic Internet venture capitalists, and many of them have successfully founded technology companies, and now they are all partners of Pengcheng Venture Capital Fund.

Pengcheng Venture Capital Fund is one of the top three in the domestic venture capital circle, and if you don't see it with your own eyes, it's hard to believe that these venture capitalists who usually run all over the world will gather in this room, just like the bigwigs in the movie are doing things that are not humane to outsiders.

But if you look closely, you'll find that these people's eyes will occasionally look out of the floor-to-ceiling windows, looking at a very inconspicuous building opposite, where Weibo Technology is located.

A partner who was in contact with Wang Wei first, supported a round table in the middle with both hands, and Weng said: "This is a very tricky transaction, Wang Wei released the news that Weibo Technology has carried out an internal valuation, and the preliminary valuation will not be less than 10 billion yuan!" ”

As soon as these words came out, someone's eyes widened, someone's cigar in his mouth almost fell to the ground, and someone laughed disdainfully-

"Tens of billions of valuations!? Does that mean we have to spend at least a billion to get 10 percent of the shares? He's really not trying to grab money? ”

"To tell the truth, I have participated in the investment programs of too many heavyweight companies, more amazing and more promising than Weibo Technology, I can't count the toes, a company founded less than three years ago, actually dares to have an internal valuation of 10 billion, I think the first lesson they should learn is called modesty."

"The hairy boy is just not trustworthy!"

At this time, a venture capitalist who was standing in front of the floor-to-ceiling window and looking out turned around, felt the need to make everyone sober up, and said in a deep voice-

"The hairy boy in your mouth has created a company that has the potential to become the hegemon of the Internet, and so many of us gather here just to knock on his door; Moreover, he also planned an Internet storm a while ago, which successfully linked the Internet and the entertainment industry, and also made the traditional five major media groups feel a greater threat......"

"Oh, by the way, we also rejected Chairman Luo of Tangyu Media to become a partner of our fund because we were afraid of the views of this 'hairy boy', who would dare to underestimate him?"

The partner who was refuted by him was silent for a moment, but he couldn't help but shake his head: "But, man, his valuation is too high!" ”

"And the Internet industry is not an entertainment industry, it is a thousand times more realistic and 10,000 times more cruel than the entertainment industry. Outdated stars in the entertainment industry can rely on a few songs and films in the past to get around and earn some living expenses, while outdated websites are difficult to get attention even if they bow their heads and humbly provide free services, because many people have forgotten their registered accounts. ”

"I saw him rise up a tall building, I saw him feast guests, and I saw his building collapse. Even if he had more than 100 million users yesterday, and a more popular new product appeared today, users would leave him in an instant, and the company's valuation would plummet. ”

"Are we really going to make such a big deal at once?"

Although they Pengcheng Venture Capital Fund, a round of fundraising often costs more than a billion yuan, so each investment will not be too small - too small, first, there are not so many companies to invest in, and second, there are not so many manpower and energy to review tens of thousands of companies.

However, an investment of one billion, or even more, is really too exaggerated!

"We must take the stake in Weibo Technology! I don't want to miss an internet myth, even if it's just a possibility! ”

Sitting on the leather sofa, the founder of Pengcheng Venture Capital Fund, who had been silent, slowly stood up, made a final decision, and then turned to the partner who had been in contact with Wang Wei.

"Was Wang Wei's attitude at that time eager or indifferent?"

The partner thought back for a moment and said, "No, he's more like a ...... Calm and relax. ”

The founder was stunned for a moment, and then showed a faint smile: "Then don't fight, just wait." ”

"What are you waiting for?"

"Waiting for him to give us an answer to grab money based on strength!"

……

(End of chapter)