My Age of Investment

"Facebook goes public, creating thousands of multi-millionaires\

,""Revealing the story behind Facebook's wealth-making campaign after going public: All 4,052 employees of the company hold shares, with an average of US$13.09 million in stocks or options held by each employee\

,""A feast of wealth, from founders to investors to employees, everyone is smiling\

,""Christina, the biggest winner of Facebook's IPO, is worth more than 10 billion U.S. dollars and will become a strong contender for the title of the richest woman in the United States\

,"…

Sitting in the Silicon Valley office of Vision Capital, Xia Jingxing held a cup of coffee in his hand and browsed the news on his computer with a calm expression.

Today is already the second day since Facebook went public, and relevant news reports are still spreading and fermenting.

The news that people are most interested in is the story of making a fortune, and the media naturally writes articles according to the readers' preferences.

Whether it is the legendary investors Andrew and Principal John who have created a return on investment of more than 10,000 times, or the Japanese student Xiao Quan who has made it to the rich list, they are all names that have appeared frequently in the news in the past two days and are talked about by people.

On the contrary, Xia Jingxing, the main founder, was somewhat lonely in the news reports. The media often ridiculed him for cashing out his equity too early, thus losing a fortune and making tens of billions of dollars less.

Nowadays, the outside world generally believes that the more than ten percent of the equity held by Vision Capital has little to do with him as the CEO, and the relationship with Kristina is even more severe. They even took photos separately for the listing. This is the most powerful evidence. .

Xia Jingxing was naturally too lazy to pay attention to the media's random fabrications, and even wished that the media would use their extraordinary imagination again.

However, apart from him, other reports in the media are also somewhat untrue. For example, the number of Facebook employees per capita multi-millionaire is very wrong.

Even if the exercise price is not considered, it is impossible for ordinary employees to actually get stocks and options worth tens of millions of dollars.

According to the custom here in Silicon Valley, as long as employees are granted options or equity, they will rarely repurchase them even if they leave later.

Therefore, the more than 5 billion US dollars in stocks and options that Facebook has granted are not only shared by the more than 4,000 employees currently employed, but also held by some employees who have resigned, such as Yang Haoyong, Shen Xinyi, Gao Lili and others. There are stocks ranging from eight to nine million US dollars to more than 10 million US dollars.

In the past two days, Xia Jingxing received many calls of congratulations and thanks from current and former employees.

Employees who left, such as Xia Jingxing’s sports investment consultant Chamath and Quora founder Adam DeAngelo, both of whom served as vice presidents of Facebook, left the company long before it went public and also held their stocks. I sold it for a fortune and went out to start a business.

Now that Facebook is on the market, many current Facebook employees have capital in their hands and are ready to learn from the two of them leaving their jobs to start a business.

Under the instruction of Xia Jingxing, Chamath and Adam formed a retired employee organization two years ago to help employees who left Facebook start their own businesses and re-employ. At this time, it has gained considerable momentum in Silicon Valley and formed an organization. Zhang has a huge network of contacts.

As the exclusive venture capital partner of the organization, Vision Capital has also invested in more than a dozen companies founded by resigned employees in the past two years, extending Vision Capital's investment reach from a broader perspective.

Today, Chamas and Adam called Xia Jingxing and informed him that so-and-so was leaving his job again, and so-and-so was asking for advice on starting a business...

In a word, people's hearts are floating. The company has just completed its listing, and many people are ready to retreat.

But this is also a normal phenomenon. There is no such thing as a banquet in the world. Who would be willing to work if they have money?

Just as Xia Jingxing was thinking about this matter, the cell phone on the table suddenly rang.

Xia Jingxing picked up the phone and saw that it was Lou Wei, and quickly connected the call.

"Jing Xing, congratulations on your successful listing, creating the world's largest IPO this year. I should have called you yesterday to say congratulations, but I was worried that you would be too busy, so I called you today."

Xia Jingxing smiled and said, "Thank you! I think I have fulfilled my mission and created a decent investment result for LP."

Hearing this, the laughter on the other end of the phone became heartier.

Because CIC is also one of the biggest beneficiaries behind Facebook’s listing.

A few years ago, Xia Jingxing sold 15% of the shares of Fund S to China Investment Group. Even though the listing diluted part of the equity, CIC still indirectly holds 2.26% of Facebook's equity through Vision Capital.

This asset alone is worth more than 2 billion U.S. dollars. Not only has it fully recovered the original investment of 1.5 billion U.S. dollars, CIC has also made a net profit from Ali, Overseas Holdings, and oil pipelines.

Because of this investment, CIC, which has suffered many pitfalls in the international financial investment market in recent years, can also regain some face.

"Actually, in addition to congratulating you when I call you this time, I also have something to discuss with you."

"whats the matter?"

"We plan to allocate another amount of funds to you or to Envision Capital Management, with a scale of no less than 10 billion U.S. dollars. We can further discuss the specific figure."

Hearing these words, Xia Jingxing felt a little dizzy. Is he addicted to gambling?

Those blue-blood nobles just called him once yesterday, and they all expressed their intention to invest more, and now Lou Wei came to visit him again.

In fact, if you think about it carefully, it seems normal, because with the listing of Facebook, some equity assets have begun to turn into real money, and LP's trust in him has increased significantly again.

Xia Jingxing did not agree in a hurry. He had to think about this matter carefully.

In the past, there was a lack of funds but no shortage of good investment projects and investment opportunities. Now it is the other way around.

"I want to study this matter again. The situation of the fund is a bit complicated now. I will meet with you to discuss it in detail when I return to China."

"Okay, let's talk about it back home."

…

After hanging up the phone, Xia Jingxing pinched his brows. Too much money would be too hot to handle. How could he have so much cake to divide now? Otherwise... he would direct their funds to invest in semiconductors?

Before Xia Jingxing could come up with a perfect plan, Ricky Milner knocked on the door and walked into the office, followed by Masayoshi Son behind him.

"Mr. Sun is here, please take a seat."

Xia Jingxing stood up and greeted Sun Zhengyi warmly. He was not too surprised, knowing that the other party was here because of the oil pipe matter.

After Ricky Milner brought the person into the office, he exited the room and gently closed the door. Only Xia Jingxing and Son Zhengyi were left in the room.

After Sun Zhengyi sat down on the sofa, he asked straight to the point without any carelessness: "Darren, what are your plans now about the oil pipeline?"

Xia Jingxing saw that Sun Zhengyi was so direct, so he answered readily: "I won't hide it from you, YouTube may need another round of financing to support it until the day it is acquired by Facebook.

And with new financing, YouTube can make a lot of noise this year and prepare for subsequent mergers and acquisitions. "

Sun Zhengyi carefully looked at the expression on Xia Jingxing's face. He suspected that the other party was digging a hole again.

He didn't blame him for thinking nonsense, but the main reason was that Xia Jingxing had a criminal record and he had to guard against it.

"Darren, the losses in YouTube are so severe that SoftBank may not invest in it anymore." Son said helplessly.

"Oh~"

Xia Jingxing nodded lightly, "I actually understand your worries and difficulties, but it doesn't matter. SoftBank's withdrawal from this investment will not affect the friendship between you and me at all."

Seeing that Xia Jingxing was so decisive and had no intention of retaining him, Sun Zhengyi couldn't help but become suspicious.

"Darren, have you found a suitable investor now?"

"found it!"

"Who?"

"Myself!"

Sun Zhengyi looked at Xia Jingxing with a smile on his face, and the suspicion in his heart became even deeper.

Isn't it just playing hard to get?

He is not unfamiliar with the Chinese art of war at all. After all, it was passed down from his ancestors and he has learned a thing or two about it.