"Drink the strongest wine, ride the wildest horse: conquer the wild horse and make her submit to the crotch of the eldest brother."

"With great skill and strong waist, the wild horse that yearns for freedom succumbs to the strength of his big brother."

"Giving Out Rewards: Keen Insight."

Compared with the lipstick marks left on the neck, the reward in exchange for two hours of practice is really fragrant.

"Keen insight: have a stronger sense of observation and keen insight, see through the surface to get the truth."

This reward is a bit like "reading and writing faces," observing the target, through micro-expressions, body language, and subtle emotional changes.

Li Zhenyu can see through a person's real feelings and thoughts, "Is this an alternative version of mind reading?"

Claire didn't know that he was distracted again, and circled around him to make sure there was nothing wrong.

At her urging, the three of them walked up the stairs, the long hallway flanked by separate rooms.

Under the soft carpet, the wooden planks creaked.

There were beautiful sounds from the doors on both sides, which made Li Zhenyu's smile more and more unbridled.

It turns out that Xiaozha is also a big player.

"Mark." In a room covered with red carpets, the two met Zuckerberg, who was playing Super Mario.

"Hi, Claire." Putting down the handle, Xiao Zha looked at Li Zhenyu and said, "Is this your boss?"

"Lee Jin Woo comes from the most powerful family in South Korea, and he is a business genius himself."

Just as Li Zhenyu will get the information of the participants, Xiaozha will also do his homework.

His origins, Quan-li's influence in South Korea, his personal career and his actions on Wall Street.

Among them, he is the majority shareholder behind Uveralvee.

Zhao is just a puppet he pushed to the front of the stage.

"Zhao, welcome." Raising his hand to say hello, Xiaozha invited them to sit casually.

The sofas on site have all been replaced with chairs and sofas with more fashionable elements.

Li Zhenyu chose a chair in the style of "palm" and sat down, "Zach, how much money are you going to ask for this financing, and how many shares can you take out?"

Facebook's angel round took place in '04, with PeerTel and ReHoffa angels investing $500,000, accounting for 10% of the shares.

The A round was in 05, and this time Facebook got 12.7 million.

In the B round in April 06, Facebook got 27.5 million and was valued at more than $550 million.

Series C, now.

In October '07, Microsoft invested $240 million, accounting for 1.6% of the shares, and Facebook was valued at more than $15 billion.

In November, Li Bancheng invested 60 million US dollars, accounting for 0.4% of the equity.

At the beginning of '08, EropeaFoerF invested $15 million.

In March, Li Bancheng added $60 million, rising to 0.7% of the shares.

If Claire's news is correct, the C round will be terminated after tomorrow's funding round.

It is unknown whether there will be a Series D before the IPO.

Facebook is growing too fast, and the speed of burning money is directly proportional to development.

The faster it develops, the faster the money burns.

No one dares to assert that this money will last until it goes public on Facebook......

Now that he had asked, Zach also told him the conditions straight to the point.

This time, he will take out 1.2 percent of Class A shares with a floor price of $240 million.

The amount of investment is comparable to Microsoft's, and the equity ratio is thousands of miles apart.

In less than 8 months, Li Bancheng came out in the middle.

Facebook's valuation is rising at a rate that is modest to say that it is a rocket.

Moreover, this is only the floor price, and the real price is definitely higher than 240 million.

As for the so-called A-class shares, we have to mention Facebook's unique two-tier shareholding structure.

During the financing period, the equity issued is divided into two types: A/B, with the same rights, but the voting ratio is different.

Normally, each share held by shareholders can be counted as 1 vote, and the number of shares owned by shareholders can be accounted for as many votes.

However, the two-tier shareholding structure magnifies this right indefinitely.

The voting rights of Class A shares remain unchanged and still enjoy the rights they deserve.

The voting rights of Class B shares can be magnified by 10 times on this basis, and each vote is counted as 10 votes.

To put it simply, 10 Class A shareholders holding 1% of the votes together have the same number of votes as one Class B shareholder holding 1% of Class B shares.

In addition, in order to ensure absolute control of the company, co-founder Sean Parker came up with the idea of adding a voting proxy agreement in addition to the two-tier share structure.

Before listing, all investment institutions and individuals must sign this agreement with Facebook before entering the market.

At its core, it was agreed to authorize Zach to vote on behalf of shareholders on "some" specific occasions where shareholder voting was required.

The agreement guarantees Zach's absolute control, even if his personal shareholding is reduced to 1 percent, with voting rights held by proxy alone.

Within Facebook, he still has strong influence and decision-making power.

"Everyone here today is invited?"

"No, it's just you...... and a few others."

This big pant made Li Zhenyu almost excited.

"Only A-grade shares, no B-grade?"

"Class B shares are only issued by the founding team or by outstanding contributors involved in the company's operations."

In a tactful way, Zach tells him "no way."

The appearance of B-class shares was originally to ensure his absolute control over the company.

It can be said that from the very beginning, it was tailor-made for him personally.

How is it possible to issue an issue?

In his understanding, no one should have raised such doubts in front of him.

B-rated shares?

That's my own place, my ......

"Outstanding contributions, I thought only the founding team could get them."

Li Zhenyu smiled thoughtfully, as if he really had the idea of B-grade shares.

This made Zach unhappy, and the gaze he looked at Claire conveyed this dissatisfaction.

Claire smiled bitterly in her heart, as an introducer, it was not her fault.

Besides, since there is an A/B division, why can't others even ask?

This young man is inevitably too stingy and domineering.

Claire's impression of him also dropped a few points.

Entrepreneurs who thought they could change the future would be very different from ordinary people.

Right now......

She just wanted to say, "Everyone is equal when it comes to money."

No one is more noble than the other, no one is more hypocritical, and everyone is trying their best to play their part in order to get a piece of the pie.

At this time, Li Zhenyu's thoughtful eyes were full of condensation, and he also noticed that something was wrong with Xiao Zha.

"I'm sorry for the funny thing that came to mind...... Zach, do you like hunting?"

Li Zhenyu laughed out loud and led the conversation to hunting.

didn't say anything about what he just said, as if he didn't have the idea of B-grade stocks at all.

Before seeing Zack's expression, Li Zhenyu had already made a decision.

INS, Iagra's idea, or keep it for yourself and use it well.

Xiaozha is a white-skinned wolf who can't be fed, and he really wants to tell him about the idea of INS and get B-class shares to become a major shareholder of Facebook.

Maybe one day when he turned around, Xiao Zha stuck knives in his back.

Li Zhenyu didn't want to be an old general on the stage, so he babbled and fell to the ground.

The idea of what kind of chemistry would happen if Instagram and Twitter were combined made him secretly excited.

Share text and photos, and add the innovative ...... of short videos.

Can the era of Facebook's dominance still come?

P

S: Thank you for the reward from the Spring and Autumn Book Friends, thank you!