My Age of Investment

"Daren, your valuation is really too high. In my opinion, if it is reduced to 200 million US dollars, there will definitely be VCs rushing to invest."

Insert an app: A perfect replica of the old version of the book-chasing artifact, an app that can change the source--Mimi Reading.

Reid Hoffman called Xia Jingxing, who was still thinking about Facebook's Series A financing.

Xia Jingxing held the phone and said with a smile, "Isn't my previous action a complete farce?"

Andrew sighed: "Everyone is an adult, you should consider the outcome, not the process, this is what you told me, why can't you adapt when it's your turn?

As long as you get Series A financing, who will laugh at you? Who dares to laugh at you?

Facebook will be the most valuable social networking site at that time, and the media and the outside world will only greet you with flowers and applause.

Valuation is a false thing, and getting the money in your hand is the most real thing.

There is no need to care too much about the gains and losses of temporary interests. "

Xia Jingxing said there was suffering.

It's really unpleasant. What happened to Hoffman at the beginning is now also on his head.

Most of Hoffman's comforting words came from his own mouth.

Xia Jingxing: "There are new moves recently, you can pay attention."

Andrew: "What's new?"

Xia Jingxing: "You will know this when you see it."

Andrew did not ask any further questions. After all, he is not a shareholder of Facebook now, so it is not appropriate to ask the root cause.

"Well, I'll pay attention to your new moves. In short, I'll still say the same thing, no matter how high or low the valuation is, as long as you negotiate with the top capital, Peter and I agree, and we will choose to invest part of it."

Xia Jingxing said with a smile, "Don't worry, I'll save you a bite."

Andrew hung up the phone with satisfaction.

…………

…………

Howard, a partner of DFJ Investments, walked into an office, looked at the tall figure sitting on a leather chair correcting documents, and said with a serious face, "Tim, I don't think we can wait any longer."

"Man, I don't know what you're in a hurry for? Sit down and have a coffee first!"

Tim Draper raised his head and said lightly.

After that, he really greeted the female secretary sitting in the secretary room next door and asked the latter to make a cup of coffee.

"I don't have time for any bullshit coffee right now, I just want to get the deal done on Facebook as soon as possible."

Howard was very excited. He had just returned from a business trip abroad, only to learn that the company had not yet begun to approach Facebook.

This made him very angry. What kind of investment is this kind of work efficiency? Open a cafe that sells afternoon tea.

Draper stood up, and his height of 1.9 meters was very oppressive. He looked at Howard, "Do you know how much those little guys are asking for? 300 million US dollars, or the starting price!"

Howard shook his head, "Facebook is worth the price? I think we should promise them.

What about other VCs? Are you already in contact with Facebook? "

Draper smiled, "That's not true. Now everyone has put them aside, ready to let these little guys calm down."

Hearing this news? Howard's eyes lit up, and he said with joy: "You said that other investment institutions have not contacted them now?"

Draper nodded, and then found Howard's surprised expression? He smiled and said: "Actually, this is also a tacit understanding of several top capitals, ready to jointly reduce prices.

These little guys are too daring to make an offer, I don't know who gave them the courage. "

Howard looked at Draper firmly? "I think we should talk to Daeron and the others now.

This is a good opportunity? Only one of our VCs talks to them? It's very likely to win this project at a valuation of 300 million US dollars.

While other institutions are still watching, pick this mouthwatering fruit in one fell swoop. "

"Man? You're crazy!"

Draper stared into Howard's eyes? His voice was raised an octave: "The pre-money valuation of $300 million,

We want to take 20% of the shares? It means to invest 75 million US dollars, and the post-investment valuation is 375 million US dollars.

A smaller fund? This investment will account for nearly half of the funds.

If the investment fails? It means that the other projects invested by this fund must earn a double return? To break even.

Too much investment? Too high investment risk, Facebook is not worth it. "

Howard argued, "I think Facebook is worth the risk. Darren's a great guy with a good eye. Scape is about to raise a Series A, you know?"

"Howard, these are two different things. This can only prove that the young man has an investment vision, and does not show that he has any unique advantages in entrepreneurship."

Howard laughed dumbly. He felt that Draper had lost himself a bit after his success.

"Let me tell you one more thing, I was on a business trip in Canada this time, and there was a university nearby, so I went to the school for a walk.

I asked these students if they had heard of Facebook? There is a campus social networking site like Facebook, will they use it? "

Howard looked at Draper and said with a smile: "Guess how these students answered me?"

Draper frowned, "At most, these students have heard about various functions and thought it was very interesting. After entering the campus, they will also register an account!"

Howard nodded, "Some people answered me like this, and some people didn't."

Draper laughed: "That part of people isn't interested in Facebook, is it?"

"wrong."

Howard shook his head with a serious face. "Another part of the students said they knew about Facebook. College students in the United States are using Facebook. They expressed their envy and lamented that it would be great if Facebook entered Canada."

"Are you sure you're not kidding me? It's not April Fool's Day."

Draper finally moved when he saw Howard's straight face, "Is Facebook really that famous? Did it spread to Canada?"

Howard nodded, "It's not that Canada and the U.S. do not communicate with each other. Facebook is so popular on American campuses, so naturally many students will know it."

Draper frowned, "So, can't Facebook easily win the Canadian market?"

Howard said blankly, "A Canadian market is nothing, I just want to express the popularity of their site.

This is a very potential website, if you miss it, you will regret it for the rest of your life. "

"Then why didn't they go to Canada?" Draper asked.

Howard said with a smile, "I'm afraid you have to ask the founder of Facebook about this."

Draper is also a decisive person. After thinking for a while, he said, "You contact Daeron and say we are going to chat with him."

Howard looked up at the ceiling, "What about the valuation?"

"The pre-investment valuation of 300 million US dollars, Defengjie invested!"