My 1999

"What about Twitter? What better development model does Twitter have?"

Helen continued to ask.

"Twitter has advertising, virtual products and official micro-authorization, which is enough. If we have to talk about new business, it should be a new business under the entire Facebook group."

After merging with Twitter, Facebook is not only an independent website, but also a holding company.

Facebook is the first subsidiary.

Twitter is the second subsidiary.

"Currently, I think the most suitable development for Facebook is the video website business."

In fact, apart from advertising, Facebook’s main extension business is e-commerce.

But seeing that 90% of Facebook's revenue comes from advertising, you know that its e-commerce business, like Penguin, is not successful.

Community websites really have no destiny as e-commerce.

"Video website? YouTube?" Helen asked curiously.

Xu Liang shook his head: "There are many kinds of videos, sometimes long videos that are more than 30 minutes long, sometimes medium videos that are between 5 and 30 minutes long, and short videos that are less than 5 minutes long.

YouTube mainly focuses on medium-sized videos.

The Facebook video website mainly focuses on long videos, that is, movies, documentaries and TV series.

The profit model is mainly membership services and advertising. "

After thinking for a while, Helen quickly grasped the key point.

"In this case, Facebook needs a lot of copyrights, especially the copyrights of classic film and television movies."

"Universal Pictures, Marvel Pictures, DreamWorks Animation, and even China Jiahua Company will provide you with sufficient copyrights. But if you really want to start this business, you can't do it with Facebook's current capital." Xu Liangdao.

The brothers have settled their accounts. Although Universal Pictures, Marvel Studios, DreamWorks Animation, K. Wah Corporation, and Vivendi Canal+ Group are all under the Xu family, they are brothers who have separated and lived independently.

It’s okay for you to use my copyright, but you have to pay for it.

The current annual total revenue of less than US$400 million in capital will definitely not be able to support it.

"Financing?"

Helen said.

Xu Liang nodded, "It's time for Facebook to raise funds."

Financing requires not only money, but also connections and protection.

Although he can protect Facebook, when it develops to a certain extent, it will need more forces to protect it.

Helen is not opposed to financing, and she also knows that financing is more beneficial to Facebook's development.

"Where is the financing target? Sequoia? Or Kleiner Perkins Caufield \u0026 Byers? Or Hanhua?"

"No. Although they are giants to most start-up companies, they cannot provide much help to Facebook. What we need is real connections and protection." Xu Liangdao.

Helen understood that there were not many companies that could meet such requirements.

They are nothing more than the five major investment banks on Wall Street, including Citigroup, JP Morgan, and Carlyle Group.

“Send letters to Morgan Stanley, JP Morgan, Goldman Sachs, Carlyle, Merrill Lynch, and Sequoia, inviting them to participate in Facebook’s Series A financing.”

"Aren't you going to invite Sequoia?"

Helen said in surprise.

“I don’t plan to invite Sequoia-level investment institutions, but Sequoia still wants to invite it.”

Sequoia is a partner of Hanhua. Starting last year, both parties will invite each other to jointly invest in some Series C and subsequent large investments.

Xu Liang also plans to give them a chance with Facebook’s financing this time.

If Sequoia can't come up with enough conditions, then you can't blame him.

Helen didn't say much.

Although Sequoia's energy is not comparable to that of established giants such as Merrill Lynch, Goldman Sachs, and Morgan Stanley, it is still worthy of Facebook.

"Also, this time I will give 3% of the equity to Hanhua."

Investing in Facebook can greatly enhance Hanhua’s brand and influence in the field of venture capital.

"I knew you couldn't bear it."

He leaned over and held Xu Liang's left arm, her enchanting body wrapped around his body like a snake.

"When will you introduce me to Miss Jiang?"

"You want to get to know her?" Xu Liang smiled.

"According to Chinese tradition, she should be the official wife. I am the common wife, and my status is half a head lower. Isn't it appropriate to pay my respects?"

Xu Liangdao looked at the woman next to him with a competitive look in her eyebrows.

"Helen, your Mandarin is getting better and better."

"I can't help it. Who can make people like you, a talented and strong oriental man?"

Slender fingers traced across Xu Liang's cheek, his beautiful eyes were full of charm, and his movements exuded ultimate charm.

This is her essence.

Strong women are more about shells and packaging.

Xu Liang's left hand slowly brushed across her waist, "You should be glad that this is a company, otherwise I will let you know the consequences of provocation."

"Come on, there's no surveillance here. I just want to try what it's like to be in the office?" Helen chuckled.

Xu Liang's breathing suddenly became rapid.

There seemed to be sparks igniting in his eyes.

Seeing that the two are about to get entangled together.

Ahem...

The two men shook their bodies and turned to look at the same time.

Lu Hui reminded calmly.

"Mr. Xu, you made an appointment with Mr. Hastings for lunch."

I have a deep understanding of my man's superhuman physical strength. If I start playing now, I will definitely not finish it until noon.

As a secretary she had to remind.

It's okay to play, don't delay your business.

Xu Liang took a deep breath and slapped the beautiful woman beside him hard on her firm buttocks.

"I'll take care of you when I get back tonight."

"Come just come, I have help now."

He ignored the goblin, otherwise he was afraid that he would be unable to bear it.

Pick up Facebook's operating documents from the table.

"I'm leaving now. I'll see you when I get home tonight."

Looking at the figure striding out of the room, Helen adjusted her clothes.

After lazily stretching her waist, her delicate figure became more graceful in the sunshine.

Stand up slowly.

The charming, passionate and seductive look and temperament were quickly replaced by boldness and seriousness.

At this moment, Helen became the awesome Facebook queen again.

After leaving Facebook, Xu Liang took a car to the Hanhua Silicon Valley office at 2104 Shaqiu Road.

As Hanhua continues to develop.

Office areas that were once vacant have been filled.

The 4,500-square-meter space on the first floor is the incubator of Hanhua Silicon Valley Office. The number of start-up companies currently staying there remains at 240. Although it has not reached the upper limit of the incubator, it is almost there.

The second floor is 3,000 square meters and is currently the main office space of Hanhua Silicon Valley Office.

Contains three funds.

Silicon Valley Investment Fund 1 (formerly Mars 2 Fund) manages a huge amount of US$1 billion.

This is also one of the largest venture capital funds under Hanhua.

Angel round, A round, B round, PE round, covering almost all aspects of venture capital from beginning to end.

It also has the largest assets.

Expedia Travel, Zappos, Workday Company, etc. According to the valuation round, the assets of Silicon Valley No. 1 are nearly US$7 billion.

It is personally managed by Lin Junrui, President of Hanhua Silicon Valley Office.

Silicon Valley Venture Capital Fund 2, formerly Mars 7 Fund, manages $100 million in funds and is headed by Steve Anderson.

Finally, there is the newly established Silicon Valley Private Equity Fund No. 3, which is still in the fundraising stage and has no actual investment.

"Hanhua Silicon Valley Company is developing better and better in your hands."

Xu Liang put down the report in his hand and smiled.

Lin Junrui smiled and said: "Thanks to you, with your efforts over the years, Hanhua has become a brand name in the private equity field.

Many start-up companies respect you very much, so as long as we participate, we can get a certain share. "

"There is no need to put a high hat on me. No matter how powerful I am, I am still a human being. Hanhua's success is the result of everyone's joint efforts."

The conversation changed.

"How is the formation of Fund No. 3 going?"

"Xiaofeng is indeed very outstanding. The No. 3 fund he chairs has now raised US$1.3 billion, which is not far from our goal of US$1.5 billion."

"Chu Gang has trained his beloved general for many years, and of course he is strong. When I was in New York, he even complained to me."

"Lao Chu is so dishonest. I poached his Lin Xiaofeng, and he also poached my Liang Jianyu, the fund manager I trained for three years." Lin Junrui said with a smile.

"You two are really the same thing. You just want to put something into your own bowl and don't want to take anything out." Xu Liang said with a smile.

“I’ve been doing finance for a long time and it’s always been like this.”

"Haha, that's right."

After laughing for a while, Xu Liang continued: "Shijun went to Austin. In terms of venture capital, you are a little thin here. Take a look at the good talents under your hands. If they are suitable, let them start their own business. The fledglings will never go through ups and downs. It can’t become a goshawk.”

Lin Junrui nodded.

As the headquarters of Hanhua Venture Capital, Hanhua Silicon Valley Office originally owned two major funds.

Mars 2 Fund and Mars 5 Fund.

Both raised $1 billion each.

Fund 2 includes unicorns such as Expedia, Owl, Zappos and Workday.

Fund No. 5 also includes top startups such as Skype, LinkedIn, and Yelp with valuations of over US$1 billion.

It can be said that among the many venture capital funds under Hanhua.

As well as China AMC Funds No. 1, 3 and 4, and US Funds No. 2 and 5, they are all top-notch.

Because of the U.S. dollar, the asset sizes of Funds No. 2 and No. 5 are larger.

According to valuation theory, the two add up to nearly 12 billion US dollars.

In Xu Liang's view, Chen Shijun's Fund No. 5 has greater potential.

Both LinkedIn and Yelp will be super unicorns worth over 10 billion in the future.

What's more, with the PayPal gang behind it, Tesla, SpaceX, Palantir, and Matterport can basically intervene.

Because of such great potential, Chen Shijun was sent to Austin by Xu Liang to prepare for Hanhua to open an Austin office.

Waiting for the Austin office to be officially established.

Hanhua's layout in the United States has been completed.

By then, New York, Silicon Valley, and Austin will form a triangle covering the United States, supporting each other and being independent.

Dong Dong...

There was a knock on the door.

Lu Hui opened the door and came in.

"Mr. Xu, Mr. Hastings has arrived and is in the reception room."

Xu Liang stood up and said, "You get busy first, I'll go meet the guests."

Lin Junrui nodded.

Come to the conference room.

"Reed, I haven't seen you for a long time. You are getting more and more energetic."

Reed Hastings smiled and spread his arms.