My Age of Investment

George isn't the only one upset with Facebook.

Chris DeWolfe, a young man with silver hair and progeria, is also unhappy with Facebook.

As the founder and CEO of MySpace Juyou.com, he has been quietly following the development of Facebook since last year.

He founded Juyou.com. Originally, he just watched the development of social networking sites. He was going to launch a social networking site, get some advertising fees, and complete the gambling.

But who would have thought that the dating network is so unsatisfactory.

It developed well, but suddenly it collapsed, and a large number of users in the United States were lost.

Some of the lost users went to Facebook, and some entered their Juyou.com.

Got a "flying windfall", the development of Juyou.com can be called a thousand miles in a day.

Chris compared Facebook and Dating.com in the same period, and Juyou.com's user growth data in the first half of the year far exceeded the two rivals.

This also gave him a glimpse of ambition, perhaps this social throne, Juyou.com can also get involved.

But then, a series of actions from Facebook blinded him.

First, more than 50 million US dollars in Series A financing, followed by overwhelming advertising and marketing in the United States and international markets.

Although he doesn't know how many users Facebook has added during this time, he expects it to be no less than a few million.

Juyou.com is indeed developing very fast, but it is no longer in the same order as Facebook. How can this be fixed?

In addition to pleasing the management of the parent company and letting them continue to support the development of Juyou.com, Chris is also urging the team to accelerate the iteration of products and functions.

As for him and another founder, Tom Anderson, they are even more shirtless. They often go to nightclubs to meet some musicians and bands, and persuade these people to sign up for Juyou.com accounts in order to attract their fans to sign up for Juyou.com.

Now on Juyou.com, musicians are allowed to create their own profile pages and upload their music works in mp3 format, and some bands even allow their own songs to be downloaded by Juyou.com users.

Juyou.com has rich entertainment elements and is very famous in the circle of musicians. Young people also like the community atmosphere of Juyou.com.

With all this, Chris is still not satisfied.

The threat Facebook poses to him is too great.

Facebook is not removed for a day, and he is uneasy.

The last time I saw Facebook get more than 50 million US dollars in Series A financing, they smeared Facebook on the forum and attacked Xia Jingxing, the founder, because they hired someone to do it.

Afterwards, everyone suspected that it was the dating network, and he was secretly having fun in the dark.

But it is a pity that the public opinion was suppressed by Facebook and did not play a big role.

Now Facebook is running at full speed, and after the launch of the blog function, it has been welcomed by the majority of users.

Juyou.com doesn’t have a blog yet, but after seeing Facebook’s launch, the effect is good. Programmers have been arranged to develop it, and it is expected to be launched next month. At the same time, the online functions include forums, games, advanced search and so on.

Juyou.com is different from ordinary start-up companies. It has a parent company on its head, which is not good for financing.

Chris has been in contact with several VCs, and they are all concerned about this.

Juyou.com listens to the founder or the parent company.

This seems to be a small problem, but it is very likely to be an important reason for the failure of startups, because there is no unified voice within.

In addition to worrying about this, many VCs are worried about Facebook.

The better Facebook grows, the more it undercuts other social networking sites' funding opportunities.

The unfavorable financing negotiations have magnified Chris's anxiety about Facebook.

After thinking about it, Chris took the initiative to contact Jonathan Abrams, the CEO of the dating network.

What are you doing?

Discuss the merger of the two.

The second child and the third child merge to strengthen their strength and fight against the boss Facebook together.

Negotiations did not go well.

Dating.com's thin camel is bigger than horses. Even if the number of users in the United States has lost seven to eighty-eight, in Southeast Asia, Dating.com still has four or five million die-hard users.

Juyou.com only has more than one million registered users, all of whom are in the United States.

Chris believes that the value of one American user can be worth ten Southeast Asian users, so the plan for the merger of the two companies must be dominated by Juyou.com and carried out according to a two-for-one share swap.

Juyou.com takes a two-thirds stake in the new company, and Dating.com takes a third.

Jonathan turned his face on the spot. He believed that Dating Network should be the leader of the merger, and Dating Network accounted for two-thirds of the new company.

Although the merger has collapsed, Chris is not without gains.

He and Jonathan reached a verbal agreement that Juyou.com will focus on the US market, and Dating.com will focus on the Asian market. The two companies will not compete with each other, and will not enter each other’s territory at will, forming an alliance to jointly fight against Facebook.

Not long after the two reached an agreement, George came to the door.

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"Two gentlemen, our common enemy now is Facebook. I think we should unite and defeat Facebook first."

George is still very smart and skillful, pulling his father's tiger skin and pulling the CEOs of the two major social networks Dating.com and Juyou.com to the negotiating table.

"Just your photo social networking site called FaceClub? Are there 100,000 users?"

Jonathan was a little disdainful. If the George in front of him had a rich dad, he might not even look at a small social networking site like F Club.

George suppressed the anger in his heart and continued to win over the two: "Although the F company is not large, we have done things that neither of you have done.

We entered the heart of Facebook - the campus market.

The main users of Facebook are still students, and 80% of the users are American college students and high school students. "

Hearing this, Jonathan and Chris became a little interested.

Observing the changes in the expressions of the two, George said confidently: "Because the F company has seriously threatened the fundamentals of Facebook, what did they do?

Dropped $2 Million at Hundreds of High Schools on the East Coast!

However, in the Boston area, Facebook and F are evenly matched.

The biggest problem of the F company lies in the lack of money.

As long as we have enough funds, Facebook will definitely not be able to get cheap in the high school market, and we can even go a step further and enter the campus market, so that Facebook users start to lose. "

"George, isn't your father a big man on the Forbes list? Why are you still short of money?"

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Jonathan was no fool and looked at George playfully.

George didn't panic at all, he shook his head and laughed, "F agency and Facebook beat to death, the two of you watching a good show next to you?

F Club can become a sharp knife for our alliance, stab Facebook to the core, and continue to bleed Facebook.

If Facebook ignores it, then we will shake their fundamentals;

If Facebook ignores it, it will have to pour money into the high school and college markets.

If Facebook exerts too much energy on this, their expansion in the international market and in the social market will slow down.

This can also win more time for Dating Network and Juyou Network!

This game of social warfare will not end so quickly. "

Chris and Jonathan looked at each other, both a little moved.

Chris said, "George, how much money can you spend on your own? That's the most important thing."

"One million dollars!"

George suggested, "The three of us can invest one million dollars each."

Jonathan asked: "What about the valuation of F company?"

"According to the valuation after my investment last time, $2.5 million before the investment is definitely cheap enough."

In order for the F company to successfully raise funds and usher in a silver lining, George made great concessions.

Jonathan nodded, "Okay, then put $1 million on the dating site!"

Chris frowned, "We haven't gotten any financing yet. The parent company has always given us blood transfusions, and we can only invest $500,000. That's all, I still need to convince the parent company executives."

"Then let's put in $1.5 million!"

Jonathan looked like he wasn't bad for money, but he actually had deep intentions.

Dating sites still have a place in Asia, but in the United States, they are basically stinky.

If you want to return to the US market, investing in F Club is a good way.

They raised $13 million in Series A financing, and they still have a lot of money in their accounts, and they can afford an investment of 1.5 million.

George negotiated financing with the two, but still thought it was not enough, and continued: "In addition to the three of us, there are many good companies that don't want to see Facebook, we can all get in touch, and we can work together to make Facebook tired. , to spread the energy around.”

Jonathan nodded and smiled, "Yes, for example, eaby, this company has a big prejudice against Facebook. Facebook cooperates with Amazon, and that is their enemy."

"There are actually a lot of social networking sites in the US besides us," Chris advises.

For example, this website was created after the 9.11 incident in 2001. The purpose of the creator is to help people connect with each other, mainly making friends in offline interest groups. Because of their low reputation in the industry, Facebook was robbed of the "social originator". title.

There is also an online social networking site for alumni records, which was established in 1995 and was originally designed to help members find classmates and friends in kindergarten, elementary school, high school, university, and work.

This website is the first campus social networking site in the true sense. "

George's eyes lit up, "We can definitely invite them to our alliance!

Facebook has always prided itself as the first "campus social" website, "the originator of social networking", and we want to expose it to the public! "

The three of you spoke one word to another, and began to make suggestions for the "discussing Facebook alliance".

then.

The three of them kept sending out invitations, inviting various social networking sites to go to Los Angeles to discuss plans!

In the end, when the meeting was held, after taking an inventory, including the three of them, there were a total of 18 social networking sites.

Genius for a second to remember the address of this site: . Mobile version reading website: