My Age of Investment

After Xia Jingxing reached an agreement with the two founders of Gaopeng.com, he took them to Facebook.

Then, the three parties signed a series of agreements including equity investment, cooperation, etc.

Eric and Mason happily returned to Chicago with the agreement in hand.

They are busy going back to upgrade the website, develop new functions for linking Facebook accounts, and prepare accordingly for Gaopeng.com’s subsequent expansion.

Xia Jingxing and Andrew stayed at Facebook and held a brief meeting with executives such as Kristina Yang, Jerry Yang, and Sheryl Sandberg.

“Facebook now has more than 800 million registered users worldwide, of which 500 million are monthly active users.

Twitter's global registered users have officially exceeded the 100 million mark, and continue to grow at a rate of more than 300,000 new registered users every day.

According to the financial data of the first three quarters, the company's full-year revenue in fiscal year 2008 is approximately US$2 billion, with a net profit of approximately US$600 million.

Investment banks and appraisal institutions have given the highest overall valuation of US$60 billion!

The valuation mainly consists of four parts, 100% equity of Facebook and Twitter, 11% equity of Ali Group, and 15.71% equity of Domestic Holdings Group. "

After Shirley quickly reported the core data of Facebook and Twitter, the conference room immediately burst into applause.

Jerry Yang said with a smile on his face: "We hold the two largest social media companies in the world in our hands, and we also hold equity interests in two of China's most promising Internet companies.

This is unique in the world and cannot even be compared to Google. "

Hearing this, everyone showed a knowing smile. Although Facebook has not directly entered China to conduct business, the benefits it reaps are no less than those giants such as Google, Microsoft, and Amazon that have entered the Chinese market.

Shirley said: "Affected by the financial crisis, Ali's valuation has dropped a lot. The value of our equity in Ali has dropped from US$2.75 billion to about US$1.3 billion, which is a drop of almost half."

Yang Zhiyuan's expression was a little awkward. He quickly looked at Xia Jingxing and saw that the other person's face looked pretty, so he put his heart back in his stomach.

Now it seems that in last year's deal, Yahoo's shares in Ali were exchanged for shares in Facebook, and he took a lot of advantage.

After Yahoo was acquired by Microsoft, the search engine's market share continued to decline, and it was defeated by Google.

Fortunately, he jumped ship in time, otherwise Yahoo's stock price would have dropped by this year.

In his heart, he was quite grateful to Xia Jingxing, because with the other party's advice, he made an extremely correct decision.

Shirley continued: "Benefiting from the booming development of the game business and Weibo business, the valuation of Haihai Holdings has increased a lot, and our equity investment has also increased in value, offsetting the decline in Ali's valuation. investment losses.

Next, Facebook plans to invest in start-up group buying company Gaopeng.com and plans to acquire start-up music streaming media Shengpotian.

After the two transactions are completed, Gaopeng will enter the Facebook open platform and promote group buying services to hundreds of millions of users;

Soundpotian became a wholly-owned subsidiary of Facebook, providing music services to Facebook users. "

Yang Zhiyuan nodded and said: "I am in favor of investing in Gaopeng. There is no doubt about Dai Lun's vision.

But for websites like Shengpotian that involve copyright, I am a little worried about whether they will cause any trouble in the future?

YouTube is still outside the Facebook system because of copyright issues. "

Xia Jingxing explained: "The four major record companies have already invested in Shengpotian. There is absolutely no problem in the short term. The record companies also want to open up new ways to make money."

"What about the long term?"

Jerry Yang took a long breath, "Darren, I'm not questioning your decision, but I understand the urinal nature of those people in the media group.

Among the six major media giants that originally caused trouble for YouTube, Universal, Warner, and Sony all have record businesses.

Once we develop Sound Potian, they will definitely ask to re-sign the copyright licensing agreement. "

Xia Jingxing smiled and nodded vigorously. Yang Zhiyuan was right. Record companies are indeed greedy, and copyright fees are increasing every year.

However, this is also inseparable from the downturn of physical records, and they can only catch the sheep of streaming media.

"After Facebook goes public, YouTube will be re-integrated into the Facebook system."

No one was surprised by Xia Jingxing’s words, and it was no secret among Facebook shareholders and executives.

The reason why Son Zhengyi invested US$3 billion in YouTube was because he could not directly invest in Facebook and chose a roundabout tactic.

Xia Jingxing said calmly: "Many videos actually insert one or more pieces of music, which is inevitable.

Users may not even notice the infringement, and simply deleting or removing the video will not solve the problem.

As long as we continue to operate YouTube, we will inevitably have to deal with the six major media and the three major records. "

Xia Jingxing remembers clearly that in his previous life, YouTube launched the YouTube Music streaming service.

If we continue to develop short videos in the future, we will have to deal with the six major media gangsters who are trying to get rid of them.

This incident made Xia Jingxing want to acquire a media giant.

Of course, not in his own name, but in the name of Facebook.

Christina said: "Can the founding team of Sound Potion agree to sell the company to us? Moreover, 20% of the shares belong to the four major record companies."

Xia Jingxing shook his head and said, "I don't know either. I can only say that I'll give it a try first!"

Andrew asked: "What if it fails?"

Xia Jingxing replied with a firm look: "Then Facebook will do it on its own, and then use its huge user base to promote it and kill Shengpotian."

Andrew was stunned, and then said: "What about the investment from Vision Capital? Don't you want it?"

"It depends on the situation. It doesn't matter if the shares are sold or lost. It doesn't make much money anyway."

Xia Jingxing has always been relatively tolerant of companies outside the ecological chain. Even if the shareholding ratio reaches 40% or 50%, it is really just a financial investment, mainly making money.

Enterprises within the ecological chain must obey his strategy.

However, this kind of thing should not be done often, otherwise it will be as notorious as Ahri's war investment department.

"Let's just leave this matter as it is and wait for news from Ricky."

Yang Zhiyuan nodded, said "Okay" and stopped talking too much.

Kristina and Shirley also have no objections to acquiring a start-up.

After all, Facebook’s US$60 billion size is here, so it’s not a big problem to acquire and support a small company.

Twitter, for example, has been losing money and relies entirely on Facebook advertising to make money.

"One last thing, when is Facebook going to go public? This is the voice of thousands of employees."

As soon as Yang Zhiyuan's words came out, everyone turned their attention to Xia Jingxing.

Shirley added: "Facebook has been profitable for more than three consecutive years, and the number of registered users is about to exceed 1 billion. The growth rate of revenue and net profit has remained above 100% every year.

If it goes public, it can create the largest technology stock IPO in history. "

Xia Jingxing did not answer in a hurry, but thought about it carefully in his heart.

The development of Facebook in this life is far better than that of Facebook in the previous life, almost stepping on the corpses of its opponents along the way.

An intuitive data comparison shows that the number of users and revenue achieved by Xiao Mazi’s Facebook in 2010 and 2011 were achieved in 2009.

Therefore, you don’t have to wait until 2012 to conduct an IPO. You can do it one or two years earlier.

After some consideration, Xia Jingxing decided not to live up to everyone's ardent hopes and gave an exact timetable: "When Facebook's registered users exceed 1 billion, let's officially put the IPO on the agenda. It can also be avoided." During this period of downturn in the stock market, we strive to create an IPO worth hundreds of billions of dollars.”

Hearing this, Andrew, Jerry Yang, and Shirley all showed happy expressions.

Especially Andrew, he has been looking forward to this day for a long time.

More than six years ago, he invested US$250,000 in Facebook and obtained 5% of the shares. After dilution in multiple rounds of financing, he still holds 3.94% of the shares.

If Facebook creates a market value of hundreds of billions of dollars, wouldn’t he be directly listed in Forbes and become a legendary investor who has created a return of 10,000 times?

He also holds a few shares in the oil pipeline, which is worth hundreds of millions of dollars based on a valuation of US$15 billion.

"By the way, what are the statistics on employee options? How many people choose to sell options?

In short, Vision Capital has packaged it all together, giving everyone an opportunity to improve their lives in advance. "

Kristina glanced at Xia Jingxing and complained a little in her heart. This kind of thing should be discussed at home, and it must be stated openly.

Shirley didn't know why and replied with a smile: "It's quite a number, more than 2%."

"so much?"

Xia Jingxing was a little surprised and a little scared at the same time.

Because from this incident, it can be seen from the side that the employees have indeed waited until the flowers have withered, and they have even begun to lose confidence in the company and have no hope of going public.

:,!