Global Monopoly of Technology

After the meeting, Feng Yi and others left one after another. They were all full of energy. Working in a startup company full of potential in the future, it would be difficult to think without energy.

Erin stayed and reported to him the current financial situation of the company.

"So far, the company's pre-A round financing of 77 million has less than 7 million. Even if it saves some money, it can only last for a month at most. The company has now accumulated 90 million users, right? Can you consider playing small advertisements for profit? If you can generate income, you may not need capital financing.”

Luo Sheng shook his head and vetoed without thinking: "When the number of users exceeds QQ or the cumulative 300 million level, and neither of these two standards is met, Blue Space will not accept any advertisers."

It is worth mentioning that Luo Sheng has never worried about the monetization ability of blue space. VC investors also know this, that is, the precise advertising push brought by real-name social networking, which is not comparable to QQ.

But it is impossible for Luo Sheng to choose to harvest traffic and realize profit at this time. When to make profit is the most critical issue.

In fact, the purpose is very simple. Luo Sheng just hopes to make users fall in love with the blue space and develop the user habit, so as not to cause a large number of users to lose. After all, for users, playing small advertisements is what Very bad experience.

Although Blue Space has now become an industry leader, it has not formed an oligarchic position that is difficult to shake. It is shortsighted to rush to realize it now.

Luo Sheng smiled and said: "Don't worry, I will solve the money problem, I will definitely not let you, the chief financial officer, have no accounts, and make a detailed audited financial form as soon as possible."

Irene nodded: "Okay, give me about three days."

In the next day, as the end of autumn is approaching, after the Blue Space website launched the privacy slider function, it immediately began to open to the public, so that Blue Space is not only limited to college students or high school students, but all Internet users.

As the company's capital pool bottomed out, the work related to the A round of financing should be put on the agenda. Luo Sheng called Xu Chenghua directly.

"Brother Luo, let me guess, are you short of money?"

Xu Chenghua, who was at Tengxun headquarters, said with a smile that he was standing in front of the window sill of his office and was communicating with Luo Sheng at the moment.

"Okay, then in a week?"

"Can."

"OK, I'll come to Shencheng in a week."

The two sides chatted for less than a minute and ended the communication. Xu Chenghua gave a clear reply. Tengxun will not be absent from this A round of financing, but he will not lead the investment again, because there is no cash flow.

Xu Chenghua did not hide this from him.

The development momentum of Bluestar Technology is there, and Luo Sheng is the founder, and major investors have increasingly recognized him. After all, the performance is there.

Luo Sheng contacted the other three VCs who invested in the company during the pre-A round one by one, and they all responded without exception to participate in the A round of financing.

The news that Bluestar Technology is going to raise financing again spread in the industry. The original four major investors Teng Xun, SoftBank Capital, Venture Capital Fund and IDG Technology Investment Fund were all absent.

In addition, it has also attracted six other investors, one of which is an investment institution that is well known on Wall Street and even around the world - Goldman Sachs.

Among the four current investors of Bluestar Technology, Venture Capital Fund and IDG are VC capital from the United States, and Softbank is also foreign, including Tengxun. In fact, Tengxun itself also has overseas capital investment.

The investors introduced are basically overseas capital, mainly Wall Street.

No way, Luo Sheng found more than 30 people in the early stage of his business, and none of them were willing to invest in him.

Even now, there are still few domestic investors.

In fact, they also wanted to invest, but they missed the early stage, and their financial resources were no longer allowed. Teng Xun was the best example.

In fact, for Luo Sheng, it is also necessary to introduce Wall Street capital, which is also beneficial to the company's future globalization. The blue space entering the European and American markets is Luo Sheng's biggest goal.

As a social networking site, Blue Space can’t make a name for itself when it enters the European and American markets. Once it does, it will inevitably be suppressed by Europeans and Americans, but with Wall Street capital in it, the situation will be much easier.

In other people's land, you must pull some local "land snakes", otherwise you will not be able to play at all. Wall Street is undoubtedly one of the strongest "land snakes".

...

The negotiation place for this Series A financing was not at the company, but at a five-star hotel called "Baiyue".

Financing negotiations are rarely held on weekends. At around 9:30 in the morning, Luo Sheng took Qin Weimu and his legal team to the Baiyue Hotel. At the same time, representatives and heads of major venture capital companies also came as scheduled. to the meeting place.

There are a total of ten organizations that come to the limelight this time.

Luo Sheng and a few people came to the hotel, led by the hotel staff to the conference room for negotiation, and met Xu Chenghua, an old acquaintance as soon as they came in.

After a few minutes of chatting, the heads of investment representatives from IDG, Goldman Sachs, SoftBank Capital and others also came.

At about 9:37, the door of the conference room was closed, and the round A financing consultation officially began.

Luo Sheng and the heads of several major venture capital institutions sat on an oval table in the conference room. The people they brought in sat next to each other. Qin Weimu and others all sat behind Luo Sheng.

Li Yan, a senior executive of SoftBank Capital in China, was the first to speak: "I still remember Mr. Luo's rhetoric during the pre-A round of financing. The number of blue space users has increased, and it will reach 300 million within two years. To be honest , I didn't believe it at all at that time, I think the same goes for President Xu, President Liu and President Chen who were also present at the time."

Liu Wen, Xu Chenghua, and Chen Tao didn't say anything, and they looked relaxed and seemed to be acquiescing, which surprised the three new investors.

Li Yan continued with a smile: "However, from the current point of view, the number of users of the blue space has exceeded 90 million, and it will soon exceed 100 million. The monthly growth of users has reached 15 million+, and the development speed is in There is no one else in the industry.”

This is the fundamental reason why Luo Sheng made a phone call and these investors agreed without hesitation, and immediately came to send money.

Luo Sheng said calmly and firmly: "Blue space is moving in the direction the Internet wants to go, we need to know what users really want, if what people want is just a huge echo chamber, or an illusory world, someone will Will fulfill their wishes and be the winners, and those who don't, will be the losers."

Luo Sheng added: "The key is that the blue space is not a service, not a simple website, it should be a basic platform, and the scale in the future will be as large as the Internet itself, believe me."

Meng Qiu, the head of Goldman Sachs Capital, looked sideways, while the representatives of the other two major domestic investors looked at each other in astonishment. Is it as big as the Internet itself?

This tone is really...

On the other hand, Xu Chenghua and the others were not surprised by this, and all of them showed a noncommittal attitude.

There's no way, I learned the tone of this young man during the pre-A round of financing, and it's crazy.

However, the actual growth data of the blue space website is in front of them, but Li Yan and the others are very comfortable to be slapped in the face. They don't mind this kind of slap in the face, the more the better.

"Then let me mention that storytelling can be avoided. I know that you are the best at it. I have already experienced it. Nothing is more convincing than growth data. President Luo, just say it directly. How much money do you want to raise?" Li Yan said calmly, almost eloquently.

"Uh……"

Several other newly entered mainland investment leaders hesitated, because when they were about to ask Luo Sheng's blueprint for the future development of Bluestar Technology, they found that not only Liu Wen, but Teng Xun, SoftBank Capital, etc. , IDG, the leaders of these companies are also in the same posture that I will give as much as you say.

Even Meng Qiu, who represents Goldman Sachs, did not speak.

Can't you consider the feelings of our group of small investment institutions?

...

(Ps: Looking for recommended votes and collections in the new week, should all VC bosses also vote for it?)