Global Monopoly of Technology

Sioux City, Bluestar Technology Headquarters CEO Office.

"Mr.Chairman (Mr. Chairman)."

Johnny entered Luo Sheng's office. He just came back from North America yesterday and came to work this morning. Not long after he sat down, the agent director representing Goldman Sachs Capital's interests in Bluestar Technology came over immediately.

As soon as he came in, he asked in a solemn tone and very dissatisfied: "Why didn't you even say hello to the board of directors for the copyright cooperation with the five major record companies? The total value is 192.2 million US dollars, just to get the figures of the five major record companies. Music licensing, but also to sell 60% of the revenue to the record company? I think you should have a reasonable argument for all the investing shareholders."

Johnny is not humble because Luo Sheng is the founder, chairman and CEO of the company. According to the "Company Law", the chairman and the director are not divided into superiors and subordinates, and they have one person, one vote on the board of directors. Johnny is the spokesperson for Goldman Sachs Capital in Bluestar Technology. Although he is a director of the company, his primary responsibility is not to be responsible to the company, but to his shareholder Goldman Sachs Capital.

So he didn't need to give Luo Sheng too much face at all.

But Luo Sheng also did the same, and said lightly: "Mr. Johnny, I really recommend you, if there is nothing else, it is better to go on a trip and experience the five thousand years of civilization in this land. As for the company I know exactly what I'm doing, I don't need you to remind me."

Johnny was furious, but he held back and said, "Mr.Chairman, don't forget that you are all using investor funds, but what have you done? Nearly 60% of the Series B financing was spent in one go. Funding, investors don’t interfere with the operation of the company, but you can’t do that either, and this financing should be used to expand BlueSpace’s user growth and operations.”

Luo Sheng turned his back against the boss chair, put his legs on the desk, glanced at Johnny, and said, "Goldman Sachs Capital led the B round of financing, and spent a lot of money, it is understandable to ask, then The questioning is over? OK, I see, wait for the audit report, you can go out."

"you……"

Johnny was very annoyed when he saw Luo Sheng's attitude. He didn't know what to say to fight back. After a while, he said angrily: "I've never seen such an arrogant person!!"

Leaving such a sentence, Johnny left the office angrily and helplessly. What else could he do? There was no way to take him at all. There was a clear agreement when financing, and investors were not allowed to interfere with the company's operational decisions. .

It can be said that when investors can be tough here in Luo Sheng, they are talking about financing.

Luo Sheng is not afraid that Johnny will go back and make small reports with Goldman Sachs headquarters. No matter how much "spending money" can't change the company's strong business potential, the development of Yunge Search is also remarkable, and the blue space BlueSpace has already Hundreds of millions of users, in other words, Luo Sheng can now make the company have the ability to monetize traffic at any time.

VCs can’t interfere with what he wants to do anyway. If Goldman Sachs is really dissatisfied with the big deal, it will withdraw its capital and cash out the equity transfer in its hands, but the premise is that someone can take over, or wait for the company’s IPO to cash out and leave the market.

In their eyes, Luo Sheng is indeed a "prodigal" founder, and his approach is also very wild, but he can create miracles.

Frankly speaking, if Goldman Sachs Capital wants to transfer its equity now, SoftBank Capital will definitely take it all, but Luo Sheng firmly believes that Goldman Sachs Capital will never do this. The reason why these large investment institutions can stand still in the world is that they invest It is not a start-up company, but the entire industry chain. As long as the industry is determined to be promising in the future, it will insist on investing.

Many people relish the investment vision of SoftBank Capital and Sun Zhengyi,

Especially in China now, many media are sighing with its outstanding strategic vision, because the development momentum of Ali Baba invested by SoftBank Capital is also very fierce. It has been established for almost a year. Now it is hot with eBay. Hui also has the upper hand. Although the market share is not as good as that of eBay, the growth rate has made eBay feel great pressure.

And SoftBank Capital has invested in Bluestar Technology, which is the company's fourth largest shareholder. Needless to say, Bluestar Technology is the latest established among the four domestic "BALT" giants, but its valuation has left the other three giants behind. Now, the development momentum is extremely fierce, and it is unmatched in China. At the same time, it takes into account the overseas siege, and it is doing global business.

Therefore, many people hype Sun Zhengyi's investment strategy, but what most people don't know is that SoftBank Capital also invested in dozens of start-up companies, large and small, while investing in Ali and Bluestar Technology.

Obviously, if such a large investment institution determines the prospect of an industry, it will unswervingly invest, and the investment is based on the law of large numbers.

Bluestar Technology is an accident, because the development is too fast, and the prospects of other startups are not yet clear. Even Ali now, no one dares to guarantee that this startup will be successful.

But Bluestar Technology is sure to succeed now. No one doubts that its Matthew effect has already begun in the real-name social networking field. The domestic market share has exceeded 70%, and the overseas development momentum is also extremely rapid. MySpace, a North American competitor, is a bit tricky. Unable to hold back, because he missed the opportunity, Luo Sheng has the courage and decisiveness to land in the overseas market. In the early stage, he invested tens of millions in the North American market, and now it is only a lot more.

MySpace has not come up with much disruptive innovation, and Luo Sheng has long been concerned about this potential competitor, so the international version of BlueSpace is now far ahead.

Not long after Johnny left, Luo Sheng put his legs off the table, took a sip of tea to refresh himself, and was ready to go to work.

After opening the computer and logging in to the email, he saw an unchecked email. Luo Sheng glanced at it and found that it was an email from George Charles, president of the North American branch. Due to the time difference between the two places, one side was always in the middle of the night. Important emergencies are generally not communicated by phone, but in the form of emails.

The email sent by George was to ask the headquarters for instructions on the launch of the new overseas version [MusicSpace]. The content of the email showed that the North American operation department had discussed together and finally agreed to let the company’s other products drain it. Mainly the drainage of the international version of the BlueSpace website. With the strong user base of the company's other products, MusicSpace has a strong advantage as soon as it goes online.

This has to say about the current development status of Bluestar Technology, and it is also the biggest reliance on Luo Sheng's daring to displease Johnny's temper.

Entering April, the company's social networking site [BlueSpace] has accumulated more than 200 million global user registrations, including 65.2 million overseas users and 30 million users in North America for the first time.

The Reddit website is also a big hit. Although it has received a lot of bad comments since its launch, the interesting thing is that the more the scolding is, the more popular it is. Many people in the industry feel that this website is a pill, and the result is surprising.

Through the Alexa query, we found that the number of visits to Reddit has been increasing. From the launch to the present, the number of users in North America has reached 18 million, and the number of users in the world has exceeded 30 million. The growth momentum has even surpassed that of BlueSpace.

But then again, the quality of Reddit users is still up for debate. After all, there are no account numbers to register, and a person can register as much as he wants. To see the gold content of Reddit, it mainly depends on its traffic data.

But this does not deny the success of Reddit. Although it is still being sprayed into dogs, it is indeed popular in North America, and it is very likely to be a fire in the future.

This year, Bluestar Technology launched [MusicSpace], a brand-new product, which has attracted much attention from the market.

Luo Sheng thought for a while, and then replied to an email from George Charles,

Considering that the overseas version [MusicSpace] is going to compete with Apple's iTunes, and iTunes has been developed for more than three years, and has not yet produced a smartphone, but the iTunes music store has the advantages of the iPod as an electronic product. The starting [MusicSpace] really needs a little help, after all, the opponent should not be underestimated.

So agreed!

But that's all, Luo Sheng still solemnly stated in the email that [BlueSpace] is prohibited from accepting third-party advertising business. To a certain extent, this is Luo Sheng's current cash cow, and the biggest source of capital to ask investors for money.

Although the company's other products operate well and develop well, they are not as good as [BlueSpace]. Other products such as Yunge Search are not the leader in the field of search engines, but [BlueSpace] It is the king in the real-name social networking field, and there is nothing stronger than it in the world, and it still continues to widen the gap with its competitors. Of course, the value is completely different.

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