Global Monopoly of Technology

On this North American trip, Luo Sheng stayed in the United States for more than half a month. When he returned to China, it was already January 14th.

Luo Sheng was quite surprised that the three founders of YouTube would join the North American branch of Bluestar Technology by such a coincidence. This shows that it is right to set up the branch in the Silicon Valley area of ​​the Bay Area.

During the business trip in the United States, the news of the B round of financing has already been sent back to China. The financing of 325 million US dollars was only sold 10%, and the valuation was about 27 billion yuan, becoming the first unlisted one-man in China. A beast-level start-up company.

These figures, along with the news published by the media, made people in the domestic Internet circle suddenly stunned. The amount of financing and the proportion of equity transfer have all caught the attention of people in the industry.

Bluestar Technology was established in February last year, and it has been less than one year since its establishment, which is about 11 months. In less than a year, it has gone through four rounds of financing from the angel round to this B round of financing. secondary financing.

The first time was $120,000, the second time was $9.3 million, the third time was $72 million, and the fourth time was $325 million. In less than a year, Luo Sheng has become an investor and took away $400 million. financing.

Its financing process is a myth, and there is absolutely no second company in the industry.

For the peers, when they heard the news, they were extremely shocked, and even doubted its authenticity for a while, but after it was confirmed to be true, they were filled with envy, jealousy and hatred.

I'm so pissed!

The same Internet entrepreneurs, the gap is so big?

If you break your legs to raise a sum of money here, you may not be able to get it. There, you can just walk around for hundreds of millions of dollars.

When the news just came back to China, major media were reporting Luo Sheng's trip to Wall Street, and all eyes were focused on Bluestar Technology, a start-up company.

Along with it, many industry insiders have the same question: Why is Bluestar Technology valued at US$3.25 billion, or ￥27 billion?

As a start-up company that is only a month away from its establishment, it is not only young, but so far it has not made a penny of profit.

Why can it be so favored by capital?

In less than a year, four consecutive investments have been made, each time more exaggerated than each time, so he will not be afraid to play off if he invests in Luo Sheng?

The key is that the backing of those investment institutions that endorse Luo Sheng and Bluestar Technology is bigger than the other, IDG, Venture Capital, Huajin Securities, Sequoia, SoftBank, Morgan (subsidiary investment bank), Goldman Sachs, any one in the capital circle. They all exist like thunder.

If it is another startup company, as long as any of the investment institutions endorses the company's financing, it will be very happy, and it can be widely publicized.

However, while the outside world was shocked at the birth of this huge financing, when they saw that the investors of Bluestar Technology were almost all Wall Street capital, a new voice of doubt, or rhythm, suddenly appeared in the industry.

...

"Please come in."

In Luo Sheng's office, today is the second day after he returned to China. After taking a day off yesterday to reverse the jet lag, he will start working today.

The person who walked into his office was Zhang Bowen, the company's chief operating officer.

"Mr. Luo, there have been some negative news about the company in the news in the past few days." Zhang Bowen said when he came in.

"Negative news?" Luo Sheng couldn't help but look up at the other party.

"Yes, many media and online public opinion are questioning whether Bluestar Technology is a domestic company or a foreign company? Why not find a domestic investment institution and so on." Zhang Bowen said.

Hearing this, Luo Sheng shook his head with a laugh, sighed lightly, and said, "I'm afraid this question has to be asked by domestic VCs. In the early days of the company's startup,

I personally ran more than 30 institutions, and I ran almost all over the country. It is a pity that no one voted for me. "

Speaking of which, Luo Sheng spread his hands. At the beginning of the company's establishment, he really wanted to introduce domestic venture capital, and only had the opportunity at that time, and the reason was very simple.

First, in the initial stage, they will not spend too much money, but the equity they will get will not be small. In the angel round financing stage, Teng Xun spends 1 million to get 8%; second, the strength of domestic VC institutions is not very good. , unable to compete with foreign capital such as Goldman Sachs and SoftBank.

In fact, Luo Sheng still opens the door for all capital, but the problem is that there is only one Huajin Securities, or the national team. Now it is too late for domestic capital, and 90% of investment institutions can no longer be hooked. The financing is a sky-high price of hundreds of millions of dollars. How many venture capitalists in China have such strong capital? How many capital institutions dare to invest so much money in Bluestar Technology?

In Luo Sheng's original vision, Bluestar Technology's financing process, the initial angel round and the pre-A round, were led by domestic capital to lead or follow the investment. At this time, the valuation was relatively low.

Starting from the A round of financing, it is necessary to actively introduce external capital, mainly Wall Street capital.

First, the valuation of the follow-up financing is high, and the money is more. Second, there are certain requirements for venture capital itself. It has both a background and strong capital. Wall Street capital is the best choice.

Because this is also related to the company's global layout, without the introduction of Wall Street capital, it would be hell-level for Bluestar Technology to go overseas. Even if Wall Street capital is introduced, the company will still face many obstacles when it becomes bigger and stronger in the future. all kinds of harassment.

But Luo Sheng will never give up the global market because of difficulties. If Bluestar Technology does not introduce Wall Street capital, the global market will definitely have nothing to do with you, and in the end, it can only stick to the Greater China market.

Even if the company's income can reach 10, it will be all for itself; but if half of the company's equity is sold, the global market will be obtained in return. The company's income can reach 100, and even half can share 50 of them, although It gave up half of the benefits, but actually got several times the benefits, and still has absolute control over the company.

How to choose, it is possible to vote with feet.

It is precisely because of this that the concept of a community of interests appears in this world.

Even if the company goes public in the future, the stock will not be distributed, how much or how, as long as the control of the company is firmly in the hands of the founder, the founder will have the final say.

Apple's cash reserves once reached one or two hundred billion US dollars, but Jobs set a tone, insisting on no dividends for more than ten years, and shareholders have no temper at all.

"You don't need to pay too much attention to these public opinions, but you have to keep paying attention." Luo Sheng thought for a while and said in a deep voice. So far, Bluestar Technology's total external capital only accounts for about 29%, of which 10% is held by Teng Xun. shares.

Obviously, this is some media's rhythm and cheating of click-through rate for the sake of attracting people's attention. Luo Sheng and his team still account for nearly 70% of the total, and he has not personally held less than 51% of the shares. The media said that Bluestar Technology Company was owned by foreigners.

This kind of external doubts did not have any impact on the company. The financing of this time is 325 million US dollars. He will not be idle if he gets the money. So much money is lying in the company's capital pool, which is depreciating every day. It must be effective. Make use of it.

...

(How about the swollen three chapters today? So please ask for the ticket collection or something? If you have a book list, add the book list~~)