Global Monopoly of Technology

Investors were so happy, Luo Sheng had no reason to hesitate, and made an offer on the spot: "Based on the valuation of Bluestar Technology after the financing of 5 billion, the sale of 12% of the equity will raise 600 million, or 72 million US dollars. "

Hearing this number, Xu Chenghua let out a long sigh of emptiness in his heart, and smiled bitterly in his heart, he had no money.

A group of investors silently checked in their hearts. Luo Sheng's valuation of the company was about the same as their mental estimate, but slightly higher, but it would not pass for VCs like Goldman Sachs and SoftBank that were not bad money. How tangled.

At this time, Chen Tao looked at Luo Sheng and said with a smile: "Mr. Luo, I have no opinion on the valuation, but can you sell more shares, 20% of the financing is 1.2 billion, and the valuation is 6 billion."

Hearing this, Luo Sheng smiled, shook his head and said, "Mr. Chen, even if you are willing to give it, it's not a waste of money for me to spend so much money. It will cost 600 million for the time being. If it is spent ahead of time, President Chen will follow up. The round of financing cannot be absent.”

Old Chen just said casually, knowing that Luo Sheng is the master of a little ghost, a rare and extremely cunning little fox, and it is more difficult to take advantage of him than to ascend to the sky.

Others at the meeting couldn't help but murmured in their hearts. It was a hell of a thing. There was a horse owner of Ali Baba before, but now another one has appeared. There are still investors who think they are giving too much money these days.

What's more terrible is that the founders over there still think they have given too much money? If this is spread out, it will make those entrepreneurial teams who are looking forward to attracting investment all day long.

You know, the current market, although the industry is saying that the cold winter is over, is picking up.

But as long as you look at how many companies have been financed by the capital market, you will know that it is still cold, and it is more difficult for many companies to take out loans and financing.

As for Bluestar Technology, that is the exception.

There were not too many accidents. The major VCs looked at the audited financial statements prepared by Luo Sheng. After the third-party audit team they sent verified everything, everything was completely consistent. Luo Sheng did not fool people, and the investors also There were no doubts, and a consensus was soon reached.

This A round of financing is led by the newly entered Goldman Sachs Capital, and the efficiency is much faster than the previous pre-A round financing.

Except for Goldman Sachs Capital, the six newly joined VCs are basically incapable of talking. It is as simple as giving money and taking equity. I disagree. Li Yan and the others are eager to share this cake. Bluestar Technology is now a sweet pastry in the capital circle. Pastry, the kind that never comes too much, is the most dazzling new star in the current downturn.

After the A round of financing, the equity structure of Bluestar Technology is as follows:

Option pool reservation: 12.28%

Luo Sheng: 57.59%

Xu Yong: 6.39%

Tengxun: 9.37%

SoftBank: 4.45%

Goldman Sachs: 3.35%

Venture capital: 3.13%

IDG: 2.8%

Others: 0.64%

The 12% equity transferred in this Series A financing will also be automatically transferred from Class B equity to Class A equity without voting rights.

The major investors contributed according to their shareholding ratios. About two hours later, Luo Sheng signed the agreement with the major investors, and the funds would be credited to the company's account on time ten days later.

The 600 million fund is not a small amount, it will naturally take some time, but the efficiency is also very fast.

With the successful completion of the A round of financing and the completion of the signing ceremony, the news has spread in the industry.

Bluestar Technology has successfully obtained 600 million yuan, which is equivalent to about 72 million US dollars in financing without exchange rate changes. The company's valuation is 5 billion yuan. It is also the only unlisted company in the domestic Internet industry with a valuation of more than 5 billion yuan.

The news of the behavior here has just been refreshed for a few days, and then another well-known Internet company was also revealed to have completed a large amount of financing.

That is, Ali Baba successfully obtained the third round of financing of 82 million US dollars, which is 10 million US dollars more than Bluestar Technology.

This news came to Luo Sheng's ears, which also surprised him, because he remembered that Ali Baba's third round of financing should start next year, but now it is obviously more than half a year earlier.

Luo Sheng found that most of it was because of his appearance that the world had quietly changed.

The birth of the two huge financings has almost occupied the headlines of the industry news. Among them, people have paid special attention to SoftBank Capital, and found that SoftBank Capital participated in these two huge financing events.

SoftBank invested more than US$15 million in Bluestar Technology, which is the second largest investment in this Series A round after Goldman Sachs Capital. In Alibaba’s US$82 million financing, the SoftBank family invested US$60 million.

A few days later, news of the third financing broke out, that is, Shanda Corporation. The VCs involved in the financing had the shadow of Goldman Sachs and SoftBank Capital.

Wall Street is particularly keen to invest in domestic Internet startups. The birth of these three investments has made the Internet world hot again.

The four most famous unlisted companies in the mainland are Baidu, Tengxun, Ahri, and Lanxing. The media in the industry has been accustomed to listing these four companies as "BALT", which is called the four unlisted companies on the domestic Internet. Big giants are favored by the investment community.

Among them, Bluestar Technology and its founder Luo Sheng are the most talked about. From the establishment of the company in February to the current third round of financing of $7,200, it has only been eight months before and after, and the other three Internet companies have been established for more than three years.

Bluestar Technology’s lightning-fast rise is on the one hand, and on the other hand, the reason why it has attracted the attention of the world is that the founder Luo Sheng, who dropped out of Fuda to start a business, is still around 19 years old.

At this age, everyone else is in gilded, loving love on college campuses, and he's already started a company valued at $5 billion.

Don't be too topical.

However, for Luo Sheng himself, he did not pay any attention. The media really wanted to interview him. Many media organizations have sent out invitations to interview him, but obviously, he did not have any time to accept such meaninglessness. 's interview.

...

In early October, Jinmao Building, Bluestar Technology Company internal high-level meeting.

Luo Sheng held a meeting. Senior management from more than ten companies including Xu Yong, Feng Yi, Qin Weimu, etc. all arrived at the meeting room on time. Half of the current core management team of Bluestar Technology Co. They are professional executives selected by entrusting headhunting companies. Most of these professional executives are under the age of 35, including domestic people and foreign executives who joined a few days ago.

From the very beginning, Luo Sheng's structure has focused on globalization. The company has grown and grown, and overseas employees must be indispensable.

As the meeting started, Chief Operating Officer Zhang Bowen spoke first and briefly reported a basic data: "As of now, the number of global users of Bluespa (overseas version of Bluespa) has exceeded 100 million three days ago, of which overseas users It reached 6.5 million, and the North American market reached 4.75 million.”

Luo Sheng, who was sitting in the meeting, nodded and said to everyone: "Everyone here is the core management of the company. We can't regard BlueSpace as a service, a simple website, but a basic platform. It's going to be as big as the internet itself, and that's the ideal we're all fighting for - linking all of humanity."

Having said that, Luo Sheng looked at the only foreign-faced executive present at the meeting, and said, "... Therefore, the expansion of overseas markets cannot be slowed down, but only accelerated, and the investment cannot be less, but only increased, the A round of financing. The company has obtained 72 million US dollars, and the company will not be short of money before the end of this year. Pay attention to the localization of products in the local area, and expand overseas mainly by hiring overseas employees, and setting up cross-regional divisions, respecting localization and local cultural customs, I The request is very simple, dominance!"

Luo Sheng also faced all the participants and added: "The company's next core strategy is still to expand, open to the public, just because it is not receiving a lot of user feedback, then at the user's request, college students are allowed to transfer high school students to high school students. Be their friend. The company's expansion plan focuses on the Greater China region and takes into account overseas markets. Our company is positioned as a global Internet technology company. If we only focus on a single regional market, then what is the connection to all mankind. "

At this time, the company's only white executive named George Charles spoke. He looked at Luo Sheng and spoke in English: "Uh, forgive me for interrupting you, BOSS, but I think there is something worth telling you. report."

Speaking of which, it is not easy to land in North America when it comes to the blue space going to sea Business expansion is also more powerful.

Luo Sheng looked at George and gestured naturally, "Please speak."

George Charles nodded, and then said: "According to the information I got, last month, around September, a website very similar to BlueSpace's social model was born in Silicon Valley, and it received $2 million in venture capital. "

Luo Sheng couldn't help raising his brows when he heard it, and "Facebook" appeared in his mind for the first time. Could it be that Xiao Zha that guy jumped out?

After a while, Luo Sheng asked, "What's the name of the website? Who is the founder?"

But even if he jumped out, Luo Sheng had the confidence to rub him on the ground.

George Charles responded immediately: "The domain name of the website is [], and the founder is Chris DeWolfe. I have visited this website, which can provide users with multiple functions such as making friends, sharing personal information, and instant messaging. All-in-one interactive platform. By creating private communities on MySpace, you can share photos, journals and hobbies with mutual friends, see who each other has friends, or see how everyone is connected..."

Xu Yong, Feng Yi and others in the conference room could understand English, and they were all stunned when they heard George's words.

After a moment of silence, Xu Yong spread his hands helplessly and said: "Yes, there is one in China, and there is another 51. Now North America, the largest overseas single market, has also emerged. The industry is ready to touch me blue. Star technology is crossing the river, these people are behind us, you may accidentally stab in the back, and Mara will have a butt."

...