Giant of the times

"Happy Farm" is a social web game focusing on planting. Users can play the role of a farmer on a farm, cultivate land and grow various vegetables and fruits on their own farm.

In the game, players can not only water, weed, and remove insects for their friends, but they can also occasionally cause trouble for their friends. They can release pests and weeds in their friends' fields, or they can steal their friends' ripe fruits.

As a social network user, the most obvious game feature of "Happy Farm" is its strong interactivity, and this interaction does not require both parties to be online at the same time. Selena can already predict that many people may set their alarm clocks to wake up in the middle of the night to "steal food." It has to be said that this "stealing food" setting of "Happy Farm" has almost promoted weak interaction games to a new peak!

Let me ask, how could Selena not be shocked?

Selena then began to arrange for someone to register a company overseas and recruit a game development team at the same time!

During this period, Selina asked Li Zetian about the name of this new game development company. Li Zetian thought about it and said a name - "Web Game Workshop", a company that specializes in developing web games.

…

Within two days, DFJ suddenly announced an investment of US$10 million in the FaceToFace website created by Mark Zuckerberg, which caused a great sensation in the venture capital community.

It is well known that the Facebook website and the FaceToFace website are competing with each other. However, the Facebook website is obviously developing better than the FaceToFace website, so investing in the FaceToFace website is actually very risky.

Norman Virginia, CEO of DFJ, said: "FaceToFace has great development potential. The founder of the company, Mark Zuckerberg, is a genius from Harvard University. He not only has outstanding abilities and novel ideas, but also is a calm man. DFJ is very optimistic about it. he!"

Of course, Norman Virginia did not say that he had called Facebook and offered to invest in the Facebook website. Unfortunately, he was rejected. Then he settled for the next best thing and then invested in FaceToFace. At present, Facebook is indeed one step ahead of FaceToFace, but the battle between the two websites has just begun. Norman Virginia believes that, driven by the power of capital, FaceToFace will develop rapidly and surpass Facebook. In a situation like this, There are many examples.

As far as Norman Virginia knows, Facebook has not accepted investment from any venture capital companies. In his view, this is a stupid and conservative idea. If it does not give up its shares or accept investment, how can the company develop rapidly?

"Haha, within a year, the Facebook website will go bankrupt. The campus social network will not allow two websites of the same type to appear!" Norman Virginia concluded.

It's a pity that Norman Virginia didn't know that Facebook didn't need financing, but because its boss was Chronos Li's son...

Facebook Inc.

Tina Gates was discussing DFJ's investment in FaceToFace with William. Tina Gates' beautiful blue eyes showed a hint of worry, "After DFJ invested mainly in FaceToFace, this is very detrimental to us. !”

Tina Gates knows that Facebook only has a starting capital of 5 million US dollars, and has spent a lot of it to quickly promote the website. But now is the critical time for Facebook and FaceToFace to compete for users. If FaceToFace spends money on advertising to buy traffic and then converts this traffic into users, the other party may really catch up.

William nodded and said, "It seems we have to raise funds in advance!"

"Well, I also think it is necessary, but the investors we choose should be of great help to Facebook!" Tina Gates winked at William.

William understood. Although he wanted to start his own business, he was the son of Chronos Li after all, so he could still use some resources, such as finding Google, YouTube or Tencent to invest in Facebook.

That night, William first contacted his sister and said on the phone: "Sister, haha, I want to tell you something good!"

"What good can you do?"

"Facebook is preparing to raise funds. Is Tencent interested?"

Now that Youran has become the CEO of Tencent, he naturally has to work hard to develop Tencent. When he heard that Facebook was going to raise funds, Youran's big eyes sparkled and he said loudly: "Of course I'm interested. You can tell me first." How much money does Tencent need to invest, and how much money can Facebook sell?”

William said: "The Facebook website has great development prospects, so its valuation is very high. In this way, if Tencent invests US$10 million in Facebook, I will be willing to give 1% of the shares to Tencent."

Li Youran thought for a while and then agreed: "Okay, since you are my brother, I will help you and go to the company for a meeting tomorrow to discuss it. But 1% of the shares is too small, and Tencent is willing to invest $50 million for 5% of the shares!”

William thought for a while, nodded and said: "Okay, 5% is 5%. Haha, thank you sister, I guarantee that this investment will make Tencent a huge profit!"

After the call ended, William then called Google CEO Larry Page and said that Facebook needs financing and you can figure it out~

On the afternoon of the next day, Tencent and Google both agreed to invest in Facebook. The investment amounts were US$50 million and US$30 million respectively, and each received 5% and 3% of Facebook's shares.

US$80 million is actually enough for Facebook to use for a long time, but in order to completely crush FaceToFace and demonstrate Facebook's strength, William contacted several well-known venture capital companies, such as Goldman Sachs, Sequoia Capital, idg Capital, etc. We intend to use their resources to help Facebook develop rapidly.

Goldman Sachs Group.

"Facebook plans to raise Series A financing, what do you think?" said an old man in the Goldman Sachs Group conference room.

Someone immediately said: "Facebook is developing well. I think it has a great future. Goldman Sachs should seize this opportunity and invest in Facebook!"

But someone immediately objected: "The valuation of Facebook is too high. You can only get 1% of the shares by investing 10 million U.S. dollars, and the return on investment is not high. In addition, I think campus social networks like Facebook have little potential, and the social circle is too It’s too small.”

"Yes, I also think the social circle is too small and the number of users is limited. If Facebook's valuation was lower, it would be okay to invest in it, but with a valuation as high as US$500 million, there is no need for Goldman Sachs to invest in it!"

"Yes, not to mention that Facebook currently has a competitor. The outcome is still unclear, so the risk of investing in Facebook is still very high!"

Someone concluded: "The return on investment is not high, and there are still great risks, so I think Goldman Sachs should give up this investment in Facebook!"

"I second the motion!"

"I agree!"

"..."

At this time, Sequoia Capital's situation was completely different from that of Goldman Sachs.

As a start-up company, Facebook is only a few months old, but its valuation has already reached 1 billion US dollars, which seems a bit high. But when Sequoia Capital heard that Facebook was going to raise funds in advance, it couldn’t wait to invest in it. One to two billion dollars.

Paul said: "The Facebook website is the first entrepreneurial project that Chronos Li gave to his son. It must have great development potential!"

The directors of Sequoia Capital nodded repeatedly.

Paul continued: "So, Sequoia Capital must get more shares of Facebook! We will take as much as they give us!"

"That's right!"

"I support it too!"

…

In the end, only Sequoia Capital was willing to invest in Facebook's invitation. Other venture capital firms believed that Facebook's valuation was too high, so they were unwilling to invest.

Sequoia Capital invested US$20 million in one investment, but Facebook didn't want any more.

On April 1, Facebook announced that the Series A financing was completed. Facebook received a total investment of US$100 million from Tencent, Google and Sequoia Capital!

This damn thing has shocked the venture capital world!

Tencent, Google and Sequoia Capital actually spent huge sums of money on projects that they were not optimistic about, and really pushed Facebook to the position of a unicorn company with more than 1 billion US dollars! ! !