My Age of Investment

Smoky guinea fowl salad, Alaskan halibut with prawns, steak with buttered shallots, buttered almond cake...

Dishes were brought out from the kitchen next to the banquet hall on the third floor and placed on the table.

Seeing the delicious food on the table, Xia Jingxing and the three moved their index fingers.

"Please!"

Gates greeted the three of them for a meal.

The babes and puppies are still a little restrained, taking small bites to eat.

However, when they looked at Xia Jingxing who was feasting and eating well, it seemed to give them confidence and an example.

Soon, they both let go of their restraints and treated the dinner normally.

Bill Gates wiped his mouth, looked at Xia Jingxing and asked, "Daren, where is your hometown?"

"Sichuan province in China, there are a lot of pandas there."

Gates said, "Oh, I know, it's a very beautiful place."

"When you go to Sichuan Province in the future, I can call the shots and send you a few pandas...

Toy. "

Xia Jingxing put his hands together in a "hug" posture, "The one that is so big and fluffy looks like the real thing."

Gates' originally wide eyes narrowed into a line with a smile, and this unexpected turn almost flashed his waist.

"Haha, Darren, you're very humorous. Generally, young people your age don't dare to make such a joke with me."

"Mainly, I made a bet with my classmates since I was a child that I would have dinner with Bill Gates, and now not only have dinner, but I also joked with you.

The next time I see my friend, I can tell him that I won the bet made ten years ago. "

Listening to Xia Jingxing's words, Bill Gates laughed heartily.

"Have you made a bet with your friend that you will be richer than Bill Gates in the future? Richer than that guy Bill Gates?"

Xia Jingxing spread his hands,

"I can't hide everything from you, I did make such a bet.

Of course, I can't surpass you in wealth just yet, but I'm trying.

In a few years, you may feel the pressure. "

Bill Gates smiled, "Okay, it seems, I have to work hard."

The little dog looked at Xia Jingxing enviously, not knowing where the boss got such a big heart, chatting with Bill Gates was like chatting with old John, relaxed and freehand.

Thinking about myself again, seeing Bill Gates, I can't even speak clearly, it's a shame.

Yang Niu kept her eyes on Xia Jingxing, she admired her boyfriend's confidence and calmness.

What about the richest man in the world? It's not like everyone else, carrying two heads on one shoulder, is a human being, not a god.

After chatting for a while, Gates suddenly asked, "How many users does YouTube have now?"

"Thirty-five million!"

Xia Jingxing's debut was not an important secret, so he did not hide anything, so as not to be looked down upon by the old man Gates.

And he believes that Gates asks them to eat, it is not a simple chat, there must be plans.

Therefore, it is also necessary to selectively tell some of the less core information, so as to facilitate the fishing of the old man's plans.

Gates nodded slightly and said with a smile, "I remember that YouTube was born last year, right? It's been less than a year since it went online?"

Xia Jingxing nodded slightly, "Yes, to be precise, only eight months!"

Gates glanced at the three and said with emotion: "This is an amazing achievement, not only the user growth rate is amazing, but the model created by YouTube is also very amazing.

Can you tell me about its development history? "

Xia Jingxing nodded, and like telling a story, he talked about the process of YouTube from creative idea to formal development, to online operation, video blogger contest and so on.

Gates listened very carefully and asked two questions from time to time.

Xia Jingxing stopped telling the story and answered the other party's doubts first.

After understanding the whole process of YouTube development, Gates said: "It is gratifying to maintain the growth rate of millions of new users every month, but from a financial point of view, the burden of bandwidth resource consumption will become heavier and heavier.

Have you considered how to solve this problem in the future? Because this is always a topic that cannot be avoided. "

After that, Gates looked at Xia Jingxing with a smile like a kind old man.

"In addition to equity financing, we will also launch an advertising system in the future to maintain the normal operation of the entire platform by continuously expanding revenue."

Xia Jingxing's answer was very standard, not revealing too much information, but also explaining the long-term planning of the oil pipeline very reasonably.

Gates didn't ask any further questions, and turned to ask about Facebook again.

Xia Jingxing concealed some core secrets, such as information flow products and advertising systems, and selectively told part of the information.

"Facebook already has more than 40 million users?"

Gates interrupted to ask when Xia Jingxing said this.

Xia Jingxing said: "Yes, our goal this year is to exceed 100 million users."

Gates was silent for a while, and said, "Facebook has never launched large-scale advertisements, and it has to deal with the operating expenses of YouTube. The more than 50 million US dollars of Series A financing should be almost spent, right?"

"A lot has been spent, and the money left is only enough to last until next year."

Xia Jingxing kept his hand, and Owen told him that the funds could only be supported until the end of the year.

But Xia Jingxing was not stupid, how could he tell Gates everything with all his heart and lungs.

If it weren't for the old man's difficulty in fooling, he would like to say that the funds can be supported until the next year.

Gates said with a smile: "The funds are still very tight. In a year, you will either rapidly expand your revenue, or you will only have to go through equity financing."

Xia Jingxing didn't take a sloppy eye and said seriously: "Yes, we plan to open the B round of financing after a while."

Hearing this, the smile on Gates' face grew even stronger.

"I'm very interested in Facebook and YouTube."

Gates looked at Xia Jingxing, put away the smile on his face, and asked seriously, "What do you think of selling these two websites to Microsoft?"

Hearing this, the dog and Yang Niu both stopped their movements and looked at Gates.

Xia Jingxing smiled, he knew that the banquet was not a good banquet, and the other party finally showed his fangs.

"Sorry, Mr. Gates, we're not considering selling Facebook and YouTube."

Xia Jingxing's answer did not make Gates feel too surprised, the latter said with a light smile: "You don't have to rush to answer me, you can listen to the quotation before making a decision.

We can make an offer of $5 billion, some Microsoft stock and some cash. "

Xia Jingxing smiled and said nothing. Since Microsoft's market value exceeded the world's highest of 600 billion US dollars at the end of 1999, after the Internet bubble, the stock price has been falling all the way.

But the thin dead camel is bigger than Ma. At present, Microsoft's market value is still more than 200 billion US dollars, and this market value has been maintained until the early days of the mobile Internet outbreak, and it has not risen much in ten years.

It is absolutely impossible to accept Microsoft's share-swap mergers and acquisitions. It is more cost-effective to choose the olive branch thrown by Google than to choose Microsoft.

Xia Jingxing said with a smile, "We still want Facebook and YouTube to develop under our control, because we know these two websites best."

Gates continued to persuade: "After accepting the merger, Facebook and YouTube can become subsidiaries of Microsoft, and you and other management can continue to work."

Xia Jingxing shook his head: "But it doesn't meet our expectations, we still want to develop independently."

"If Facebook and YouTube want to develop, the funds they need may be astronomical."

The old man Gates looked like a man from the past and began to teach young people his business experience.

"The user scale of your two websites is increased tenfold, and it may cost tens of millions of dollars per month.

If there is no way to self-hematopoietic, you can only rely on equity financing.

The investment of tens of millions, or even hundreds of millions of dollars, is still acceptable to large venture capital institutions.

But raising more than a billion dollars, I haven't heard of an Internet company that hasn't turned a profit and has an immature business model.

PE can afford the money, but it will definitely not invest in immature Internet companies.

Because they only like traditional companies such as electricity, energy, and infrastructure, which are stable and have fixed assets.

When the investment fails, bankruptcy and reorganization, you can still recover some losses.

But if you invest in the Internet and go bankrupt, it will basically be over, and no institution dares to take a billion dollars to take this risk. "

"I believe that Sun Zhengyi dares."

Although he agreed with some of Gates' views, Xia Jingxing did not appear too weak and directly moved the Internet King out.

"He, that's a gambler."

Gates Nunuzui, did not continue to make up the knife, obviously also recognized that this gambler has such strength, and there is such a precedent.

When Xia Jingxing moved out of this great god, it really made it difficult for him to answer.

"Acquisition, we will never accept it."

Xia Jingxing said very firmly, and then he changed his words again, "If Microsoft intends to cooperate with Facebook, we are still interested."

"What kind of cooperation law?"

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