My Age of Investment

"You asked me before, why are you so optimistic about Facebook?"

Xia Jingxing nodded, he had asked this question before.

Blayer laughed, "I didn't tell you at the time, I said I would tell you after I became a Facebook shareholder.

Although it has not yet been delivered, we have audited Facebook's revenue statement, and it is not a big problem.

So, I guess it's okay to tell you now. "

Xia Jingxing suddenly became interested, and his curiosity was hooked.

Breyer sorted out the language and said slowly: "We have been paying attention to the next hot entrepreneurial direction since the beginning of this year.

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

At Google back then, in fact, we had already decided to invest.

As you may know, just because the idiots at Harvard and MIT are clamoring to divest, so unfortunately they missed out with Google.

I think those idiots must be very regretful now, they made so much less money, and they don’t know if they can sleep well at night. I guess they will have to repent when they go to see God in the future!

Okay, stop talking nonsense.

I mean simply, Axel's industry research has always been good.

It seems to the outside world that we have rarely invested abroad in recent years, but we are actually planning a big move.

The birth of social networking sites, let us see a new direction.

Then, we did a full year of research. "

Blayer put a special emphasis on the word "one year".

Xia Jingxing nodded, he knew that Axel should hold his breath up and down, and he must raise his eyebrows once.

Perhaps in the research on social networking sites, Axel is an investment institution that has done the most homework.

Bryer paused, then continued: "We first looked at Facebook, but quickly gave up on you."

"Abandoned us?"

Xia Jingxing was a little confused.

Breyer nodded, "That's right, although you are the first social networking site, you have also received an angel round of investment.

But your student status, age, and past experience lowered your team's rating in Axel's heart. "

Xia Jingxing felt a little interesting and raised his hand to signal Breyer to continue.

Blayer continued, "Then Dating.com was born, with a mature team and a better track record than yours.

More importantly, the growth rate during the same period is much faster than yours. "

Xia Jingxing nodded, the growth rate of the dating network in the first few months of its establishment was indeed faster than that of Facebook, which he had to admit.

Speaking of which, Breyer laughed, "When we've researched them pretty much, we're going to approach them.

Facebook actually started selling T-shirts!

What a genius idea!

Who came up with this idea? "

Bryant glanced at Xia Jingxing, "I guess it should be you?

Still buying from Yiwu, China? It's a lot of profit, right? At least 3-4 times profit. "

Xia Jingxing smiled, "You guys have studied very carefully."

Blayer glanced at Xia Jingxing with admiration, "Compared to profit? We value the power of the "walking billboard", which made Facebook spread like a virus in American colleges and universities.

Go ahead and start a business!

When Facebook goes public? Your idea will definitely be included in the "Classic Business Case of Harvard Business School". "

Xia Jingxing said modestly, "It's not that exaggerated, is it?"

Blayer sneered? "When you're successful, you're all right!"

"Okay, shall I go ahead? Then we turn our attention back to you.

And then? Dating data starts to get closer to you.

But soon? You are distanced again.

We were going to approach you, but you had turned down all kinds of VCs and acquisitions.

We have been waiting? Until you take the initiative to contact various venture capital institutions. "

Xia Jingxing spread his hands,

"But you didn't make an offer to us?"

"That's because your offer is too high, and we are hesitating."

"Until we got a piece of news that made us make up our minds."

"There is a problem with the structure of the dating network website?"

Xia Jingxing thought about what Blayer had said, and quickly guessed the answer.

"Yes, you are very smart."

Blayer smiled and said, "We carefully compared the operating strategies and development trajectories of your two companies.

We've found that every step Facebook has taken? It's been exceptionally steady.

The stability of your website architecture? It is also better than that of dating sites.

Moreover, Dating.com also received a round of A round of financing of more than 10 million US dollars, and its performance was even worse than that of you who only received an angel round of financing of 500,000 US dollars.

The deep-seated reasons behind it can only mean that you have more thorough consideration and clearer development ideas.

Facebook made a picture tagging feature, and dating sites followed in haste to imitate it.

Then you launched the high school version, expanded into the international market, and the timing of each step was just right. "

Xia Jingxing felt that Breyer had avoided the point and asked, "How do you know that there is a problem with the structure of the dating network?"

Blayer chuckled, "Do you have to be explicit? You guys have seized the opportunity so well, there should be someone on the dating site to provide you with information, right?"

Xia Jingxing groaned in his heart!

Axel actually put a commercial spy on the dating network?

Dude, is it so cruel?

He thought about it, if Axel can install a commercial spy on the dating network, has his company also been "mixed with sand" by the other party?

As if guessing what Xia Jingxing was thinking, Breyer waved his hand, "Don't worry, we definitely didn't attack anyone on Facebook?"

Xia Jingxing's face turned cold, "Mr. Blayer, do you think I would believe it? Maybe we should reconsider our cooperation? Personally, I am very disgusted with this kind of behavior."

"No no no~"

Breyer waved his hands again and again, "Daren, I can confess all this to you today, and it's actually not malicious.

Instead, I was going to give you a Christmas present too.

I just didn't expect the dating network to collapse so quickly.

The business world is like this, didn't you get the news from inside the dating network, Darren? "

Xia Jingxing shook his head, "No, I discussed with Mr. Hennessy and Mr. Andrew a few months ago that the dating network might collapse."

Blayer was suspicious, he didn't quite believe it.

The reason why he confessed to Xia Jingxing today is that, on the one hand, the dating network has really collapsed, and it is not necessary to hide it any longer;

On the other hand, he mistakenly thought that Xia Jingxing had also placed a commercial spy on the dating network. Everyone was of the same kind, and there was no one who was more noble than the other.

In fact, in the business world, what are these little tricks?

Blayer was a little regretful now, he shouldn't have said more, he rubbed his face, "Daren, the funds in Axel's hand only allow us to make the last big bet, and if we lose, we will have nothing.

At this point, I am sure you will make the same choice as me.

We get this information only for investment analysis, and do not hurt anyone.

Also, we don't really collect information from any of the Facebook staff. "

Xia Jingxing did not believe what Breyer said at all.

He has no moral habit, but Axel's "capital ruthlessness" and "unscrupulousness" shown by Axel still make people a little worried, will Axel betray Facebook in the face of greater interests in the future?

In fact, capital is a virtue. If he abandons Axel and chooses Sequoia Capital and Kleiner Perkins, it will not be much better.

There is a saying very well: every pore of capital drips blood!

"Okay, Daeron, let's end the topic! In the future, Axel will be a shareholder of Facebook and will definitely safeguard everyone's common interests."

Even now, Breyer still felt that Xia Jingxing was pretending to be confused.

Xia Jingxing stopped defending and nodded, "Okay, I will not investigate whether Axel has done anything to Facebook before, but Axel's two board seats must be reduced by one."

Blayer shook his head, staring straight at Xia Jingxing, "It's impossible, we hold 9% of the shares, and we are the second largest shareholder of Facebook, twice as much as Andrew and Mr. Hennessy! We should get two Board seats!

This is clearly written in the investment intention agreement, Darren, do you want to overturn the agreement? "

"Yes, that agreement is void! We must sign a new one."

Xia Jingxing felt that Axel's power in Facebook was too great, and he had to weaken it a little to be relieved.

In fact, it is not necessary to change investment institutions, because capital is a virtue.

"Daren, are you threatening me?"

Blayer looked straight at Xia Jingxing, his whole person showed a strong aura, which was very oppressive.

Xia Jingxing crossed his chest with his arms and looked at Breyer without showing weakness.

"I can stop due diligence now and tell other investment institutions that no one dares to invest in you again?"

Xia Jingxing laughed, "Mr. Breyer, if this is your final decision, then I respect your choice."