My Age of Investment

John Doerr, the head of Kleiner Perkins, gave Blayer a sideways glance, and said sullenly: "Mr. Blayer, Axel's funds are running out, you have to save some money, don't put The customer's last bit of trust was also betrayed."

Blayer said indifferently, "Mr. Laudure doesn't need to worry about it! Also, we are talking about quotations now, so don't discuss unrelated topics, so as not to waste each other's time."

Draper glanced at Blayer and then at Xia Jingxing.

He wondered if the two had colluded and deliberately came to trick them.

With his hesitation, Moritz made a preemptive offer, "Sequoia can also offer $450 million."

John Doerr glanced at his old rival, "We're also giving $450 million."

Draper was about to speak, but Blayer took the lead again, "Then I'll pay $460 million!"

"It really turned into an auction!"

Draper finally got the chance to speak, and looked at Xia Jingxing without smiling, "I announce that De Fengjie has withdrawn from Facebook's Series A financing."

Howard glanced at the boss in surprise, trying to persuade the boss, but seeing the coldness on his face, he could only give up.

"Mr. Draper, this way please!"

The puppy sitting in the conference room near the door stood up and faced the door with a "please" gesture.

Draper wanted to stay and watch the play, but he was invited out immediately.

After all, he was a well-known investor, so he didn't insist on staying, stood up, tidied up his suit, and left with a cold face.

Howard spread his hands towards Xia Jingxing, handed a regretful expression, and followed.

De Fengjie's departure did not cause much reaction.

The three remaining investment institutions are now in tension.

"Brayer, if your approach spreads to the industry, your reputation will be very bad."

Moritz said in a slightly threatening tone.

Blayer shrugged and said nonchalantly, "What doesn't sound good? I am optimistic about this project and can afford a higher price, then this project is mine.

Sequoia Capital poached the partners of other institutions, and the reputation is good? "

Moritz said with a smile: "Investing is not based on sentimentality. With a manager like you, I am not surprised that Axel has reached the golden sky."

Blayer sneered, "If you can't make a bid, just leave with De Fengjie's people! What do you say? It can only make people feel ridiculous."

Xia Jingxing exchanged glances with Yang Niu and Puppy, and they felt that Jin Tian's Facebook was completely a supporting role.

A good financing negotiation meeting? It has become an occasion for several venture capital institutions to settle their grievances.

"$490 million!"

Moritz spit out a number lightly? Then he smiled and looked at Blayer.

"$500 million!"

Blayer's face did not fluctuate, and he added another ten million directly.

"Crazy? Totally crazy!"

John Doerr shook his head, "Kleiner Perkins also pulled out of Facebook's financing."

The puppy got up again? He invited the people from Kleiner Perkins out.

Now? There are only two investment institutions, Sequoia Capital and Axel, left in the conference room.

Moritz stared at Blayer? as if trying to see through the latter.

Blayer stared at him without showing weakness.

After a while, Moritz smiled and spread his hands, "Okay, you won? The financing of Facebook is yours."

Moritz got up? He smiled and looked at Xia Jingxing, "Daren,

continue reading! You are under a lot of pressure. Will Axel usher in glory again? Or fall into the dust, it is all up to you. "

Xia Jingxing grinned? "Mr. Moritz, when you said that, I immediately felt a lot of pressure on me, and I shouldered the heavy responsibility of revitalizing the two companies."

Moritz laughed, "Young people, don't stress too much and look forward to the next cooperation."

The cooperation failed, Moritz didn't say anything harsh, shook hands with Xia Jingxing and left with grace.

Blayer leaned back in his chair,

He looked at Xia Jingxing with a half-smile, "How is it? I'm right, no matter whether you call them or not, the final result will be the same."

Xia Jingxing said with a smile, "That's not the same, isn't the valuation 100 million US dollars higher?"

Breyer nodded, "That's right, it's a good deal."

Xia Jingxing saw that the other party was in a good mood, and he didn't seem to mind at all because of the extra 100 million US dollars, which made him very admire.

Blayer put his hands on his chest and smiled: "I am satisfied with the valuation, let's sign the investment intention agreement next! We will speed up the due diligence work and transfer the equity financing funds to the Facebook account as soon as possible."

Xia Jingxing nodded. He was really satisfied. The pre-investment valuation of $500 million almost reached the current Facebook valuation ceiling, and there was even a certain premium.

Blayer was acting silly, impulsive, self-effacing, and actually very smart.

Deliberately put on a desperate stance, just to scare off other VCs.

People like John Doerr and Draper probably suspected that Axel was invited by Facebook and deliberately cheated them.

Too smart people tend to think too much.

Moritz’s last move, raising the price to $490 million at one time, may have long given up the idea of ​​investing in Facebook, but deliberately digging holes for Bryer and raising the price.

Every investment institution has a steel scale in mind about how much Facebook is currently worth and how much room for future growth.

The dust has settled, and there is no need to think about it any further.

Xia Jingxing put away his thoughts, remembering that there were still several angel investors waiting to get on the bus, so he said:

"Sign the investment agreement and wait for a while. I have a few friends who also want to invest in Facebook. They will follow the same valuation as you, and they will invest part of it, not too much.

These people are not unknown people, Peter Thiel, Reid Hoffman, and Mark Pincus of PayPal, should have heard of it? "

Breyer nodded, spread his hands and said: "This is not a problem at all, let them vote. I actually have a request."

"What request?"

"I personally also want to follow the investment, not too much, just $2 million."

Xia Jingxing remembered the Facebook page of Xiao Mazi in his previous life. This person also invested $1 million in his own name, earning a full $1 billion, a hundred times the return.

The old traitor is extremely cunning!

Immediately, he said, "If it does not violate the rules and regulations of your investment institution, I have no problem."

Seeing that Xia Jingxing had agreed to his request, Breyer showed a satisfied smile, "How much equity do you want to dilute?"

Xia Jingxing blurted out, "10%, $500 million before the investment, $555.55 million after the investment, and $55.55 million in financing."

This figure was calculated repeatedly by Xia Jingxing, and there were many plans to be launched after financing.

To support international expansion, expand the team, lease more servers, etc., the most important thing is to keep some cash

continue reading! Reserves to deal with a variety of potentially deteriorating financing conditions and unexpected contingencies.

"Okay, I have no problem!"

Breyer didn't think about it for too long, and readily agreed.