Coal Mine Sells Hundreds Of Billions: I Support Half Of The Entertainment Circle
Chapter Fifty-Three Young Zuckerberg
However, compared to Elizabeth's doubts about Facebook, Lin Xuan at this time knew that this small company that is completely inconspicuous in Silicon Valley,
The future is the fifth company whose market capitalization has reached trillions of dollars after Apple, Google, Amazon, and Microsoft.
But now, the company is in a dilapidated office building in Silicon Valley, without even a front desk.
When Lin Xuan brought people into Facebook.
I saw five or six people busy in front of the computer.
These people didn't even notice that Lin Xuan and his party came in.
"Oh God, we're under attack again, damn it!"
Someone yelled.
"Dustin, come over and check the server!" Someone shouted again.
Looking at these busy people who barely touched the ground, Lin Xuan was not in a hurry and just stood in front of the door and waited.
Probably the matter of being hacked was resolved, and these people suddenly saw Lin Xuan and others standing in front of the door for a while.
A young man with a serious face and short brown hair asked:
"You are?"
"I think we've only been talking on the phone, Mr. Zuckerberg!"
Lin Xuan looked at the person in front of him with a half-smile.
"Oh God, you are Polaris!"
Zuckerberg was taken aback immediately, and then said excitedly.
"If there's no other North Star, we should be!"
Lin Xuan shrugged.
After knowing that these people were VCs, the Facebook staff were very excited.
After all, this is the first time a VC has arrived.
On the one hand, they joined Facebook because they saw the potential of Facebook, and on the other hand, they also thought it was a very cool business.
To this end, they did not hesitate to borrow money to invest in Facebook.
But with the operation of Facebook, their money is already stretched.
In order to save money, they can only dig out some second-hand equipment to build servers in the world.
All employees can only eat instant noodles or McDonald's burgers to fill their stomachs every day.
They have been insisting, but many investors are not optimistic about Facebook and refuse to invest.
Because until now Facebook has not found a good profit model.
If this is the case, even if it is a story for investors, they will not be able to tell it.
It can be said that Lin Xuan's newly registered Polaris Investment is the first VC willing to set foot in Facebook.
Zuckerberg immediately asked his companion to bring a chair.
In fact, in order to save money, he doesn't even have a decent office.
Working at the company with other founders on a daily basis.
"I'm Zuckerberg and this is my partner Sean Parker, Dustin Moskowitz, Chris Hughes..."
Zuckerberg introduced the people in the company one by one.
Many people here are shareholders of Facebook, as well as Zuckerberg's classmates or roommates.
Lin Xuan didn't mind sitting on the simple chair and said:
"My name is Mike. Lin, and I'm negotiating investment on behalf of Polaris. Can you introduce Facebook?"
"No problem, Mike!"
Zuckerberg said.
"I believe that you already know about Facebook before you come here. I won't say much about using it. Now Facebook has 10,000 registered users. Every day we receive letters from users, and they all comment that Facebook is the coolest thing they use. A piece of software!"
"So do you have a way to make money?"
Lin Xuan asked according to the investment process.
"This... I think as long as there are enough users in the future, we can launch advertising to make money!" Zuckerberg said.
In fact, he himself is a technical geek and not very good at communication and negotiation.
But the negotiating, gregarious Saverin kept dating rather than coming to Silicon Valley.
In this regard, Zuckerberg has expressed dissatisfaction several times.
But at this moment, Zuckerberg can only bite the bullet and come by himself.
"So what is the valuation of Facebook in your mind!"
Lin Xuan crossed his legs and said.
As soon as this remark came out, all Facebook employees fell silent, and everyone looked at Zuckerberg over their heads.
And Zuckerberg was thinking too.
He doesn't know how to estimate the value of Facebook, saying that its potential is extraordinary, but the current data is actually very stretched.
Myspace, which is similar to it, has gone through several rounds of financing, with a valuation of 200 million US dollars.
Although he would like to say that Facebook can surpass Myspace.
But such a big talk, he himself can't believe it completely.
If he gave Facebook too high a valuation and made venture capitalists feel that he was asking too much, the investment might be ruined this time.
And Facebook is almost running out of ammunition and food now, and there is no more capital injection.
Zuckerberg can only persuade his parents to sell the house.
"Five million dollars!"
In the end, Zuckerberg quoted a very conservative valuation.
Lin Xuan thought about it and felt that Lao Zha was still a real person.
In fact, if Lin Xuan does not come to Facebook, Peter Thiel, the famous angel investor who once founded PayPal, will become the first person to invest in Facebook in a few days.
The offer at the time was $500,000 in exchange for a 7% stake in Facebook.
It is equivalent to valuing Facebook at more than 7 million US dollars.
"Mr. Mike, what do you think?"
Zuckerberg said nervously.
"There is no problem with the offer, I think it is very reasonable, but I have a question, how much shares can Facebook give Polaris?"
Lin Xuan said the most important thing.
However, Zuckerberg, who was born in a middle-class family, is no stranger to this.
He understands that it is impossible for start-up companies to sell a lot of shares at once, otherwise, after several rounds of financing,
The founder's shares will be diluted very low, thus losing control of the company.
"15%, we can give Polaris a maximum of 15% of the shares!"
Zuckerberg stated his acceptable stake.
However, Lin Xuan shook his head, obviously he was not very satisfied with this share.
He finally came to the beautiful country, how could he just get 15% of the shares.
"2 million US dollars, 20% of the shares, of which 1 million US dollars is regarded as Polaris' interest-free loan to Facebook, in exchange for future Facebook financing, and Polaris has the priority financing right!"
Lin Xuan stated his conditions.
When Lin Xuan asked for a 20% stake, Zuckerberg originally wanted to refuse.
He didn't want to lose so much stake so early.
But Zuckerberg hesitated when Lin Xuan agreed to give Facebook a $1 million interest-free loan.
After all, with $2 million, Facebook can do a lot of things next.
Suffering from lack of money, Zuckerberg gritted his teeth and agreed to Lin Xuan's terms.
"Happy cooperation!" Lin Xuan stood up and extended his right hand.
Zuckerberg also stood up and shook hands with Lin Xuan.
(PS: The new book asks for an ending, flowers, evaluation votes, your support is the motivation of the author)
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