My Age of Investment

At the beginning of December, after Xia Jingxing completed various exams, he ushered in his first vacation in college.

The vacation is not long, about a month or so.

In early January next year, I will continue to start my second semester of studies, and I will not have a vacation until mid-March.

During the one-month vacation, most Chinese students will not return to China, because the round-trip air tickets are very expensive, and they usually choose to return to China during the summer vacation.

Xia Jingxing is no exception, choosing to take a vacation at the school, which is both economical and environmentally friendly.

Before the holiday, he had a meal with the foreign girl and the dog, which is considered to be the "company annual meeting"!

The venue for the annual meeting was a Chinese restaurant in San Francisco's Chinatown. Upstairs was Andrew's law firm, so Andrew also came to grab a meal.

The reason why Xia Jingxing chose to eat here is that in addition to taking foreign girls and dogs to taste Chinese food, he also wanted to formally talk to Andrew about angel investment.

"Facebook has officially surpassed 100,000 registered users a few days ago!"

Xia Jingxing casually took a mouthful of fish-flavored shredded pork, and told Andrew about this matter in a very calm tone, as if he was talking about a trivial matter.

Andrew took a piece of fragrant dried chicken and was about to put it in his mouth. After hearing this important news, his hand hung in the air for two seconds.

He put the chicken in the bowl, put down his chopsticks, and said with a smile, "That's really good news!"

Taking a look around Xia Jingxing and the three of them, "My previous investment commitment is still valid."

After hearing Andrew's words, both Yang Niu and Doudou smiled.

In the eyes of the two of them, although Andrew's whole person is sometimes not serious, it is undeniable that he has given them a lot of help and is a very ideal angel investor.

They are also more at ease working with such people.

"Our current registered users are 100,800, and almost all undergraduate students from Stanford and eight Ivy League schools have become our users.

In addition to this, we also open enrollment applications to colleges and universities throughout California. "

Xia Jingxing paused, then said, "At present, there are more than 3,000 new registered users every day, and it is expected that the number of users may exceed 200,000 by the end of the month.

If we get investment, we can add servers and manpower, open directly to colleges and universities in the United States, and the user growth rate will be even faster. "

Andrew's face was calm, he didn't speak, and listened very seriously.

After Xia Jingxing finished speaking, he said with a smile: "So you all need financing very much at this moment, because with the injection of a large amount of capital, you can develop rapidly."

"Yes, I wouldn't deny our current urgency to raise capital."

Xia Jingxing smiled and pointed to the table full of dishes and said, "Take this table as an analogy, our team is like a skilled chef, but unfortunately we don't have the money to buy raw materials, so no matter how good the cooking skills are, Can't really make a table of delicious food either.

But as long as the boss gives us a small amount of money, we can buy raw materials, make delicious dishes and serve them on the table, and sell them to customers at ten or hundred times the price.

Create greater value for the boss's money. "

"It's a good metaphor that tells the true meaning of investing, giving money to people who are better at using it."

Speaking of this, Andrew paused and looked at Xia Jingxing with a smile: "But Daren, you are so frank, you are not afraid that I will use this as a threat and ask you to make concessions in the financing terms?"

Kristina, who was practicing cooking with chopsticks, heard this, and the chopsticks, which were already unstable, fell off the table with a clatter.

The little dog also stopped to eat and drink and looked at Andrew and Xia Jingxing.

"I'm sure Mr Andrew would not be so short-sighted."

Xia Jingxing said slowly, "Because of a good project, there will never be a shortage of people who invest in it.

Let me give another example, the story of Stanford and Silicon Valley achieving each other.

If the old Stanford principal raised the land rent because of greed for money, the Silicon Valley of today might not be in California, maybe in Texas, or maybe somewhere else. "

Andrew laughed, "Don't worry, I won't make any unreasonable conditions.

Why the investor is called an "angel" is because he is here to help entrepreneurs, not..."

Andrew scratched his head, "How do you say that Chinese language?

I remembered that a stone was thrown in the well. "

"Fall into the hole!" Xia Jingxing corrected.

"That's right, I'm not going to get in trouble."

Andrew said very kindly, "After all, we are friends! Haha~"

"Daren, you give me an offer, and if it's appropriate, we can sign the contract today."

Xia Jingxing nodded and compared a finger, "For a post-investment valuation of 10 million, it will raise a million dollars."

Andrew was eating, and when he heard this, he almost choked to death.

"A website with 100,000 registered users, are you sure the pre-investment valuation is 9 million US dollars?"

Andrew put down the chopsticks, his face sank all of a sudden.

Do you look like a fool yourself?

Lao Tzu is a lawyer and an economic lawyer.

The puppy was speechless, and he didn't expect the boss to report such a high valuation.

The three of them communicated on the way here. He and Kristina didn't need to talk and watched the eldest perform alone.

But the boss quoted such a high price, so don't scare Andrew away? This worried him very much.

Yang Niu was also a little surprised, the price was several times higher than what she expected.

When she thought about it, as long as she could raise $200,000 to $300,000 at a valuation of two or three million, it would be considered a success.

It seems that he still lacks imagination.

She is not worried about the collapse of the negotiations. No matter how the valuation negotiation comes up, it will meet the psychological expectations of both parties, and the differences will be eliminated bit by bit.

Xia Jingxing was not worried at all about "scaring" Andrew away. He did not answer the latter's question, but instead asked, "Mr. Andrew, where do you think Facebook needs to reach a valuation of nine million?"

"At least one million users."

Andrew said indifferently, "How many users do you have now? And you don't even have a company or formal office space.

I give a valuation of up to a million, and that's my reserve price. "

"Then, when we have one million users, you should invest again. It shouldn't take long, just the last few months."

After finishing speaking, Xia Jingxing kept his mouth shut and stopped talking about financing, and greeted Andrew and Yang Niu and Puppy to eat vegetables.

"Chinese cuisine is divided into eight major cuisines..."

Xia Jingxing began to popularize foreign girls and puppies, explaining the origin and division of Chinese cuisine.

Yang Niu and Puppy also cooperated to ask questions, and Xia Jingxing was responsible for answering them.

Andrew was a little absent-minded. He suddenly stopped chatting halfway through the financing conversation, which made him a little nervous.

Does he like Facebook? Nature is optimistic.

If it was a "wait and see" rating two months ago, it is now a "strong buy" rating.

Facebook's popularity with college students has been tested by Stanford and eight Ivy League schools, and is now about to sweep across California, followed by forty-nine other states across the country.

More than 10 million students in American colleges and universities have become Facebook users. How much should the website be worth?

Not to mention more, tens of millions of dollars, there will definitely be Internet giants willing to acquire.

If it is extended to other countries and the soil and water can be adapted, how much should it be estimated?

But Facebook offered a post-money valuation of $10 million, and he would definitely not accept it.

And a million dollars is not a small sum.

Even if he is a lawyer who has been practicing for ten years, he will almost empty his family.

If it's only $100,000 to $200,000, he can get involved.

It hurts more than that.

"Daren, how about adjusting your valuation quote? With a valuation of two million, I can invest $200,000."

Andrew decided to save it again. After all, Facebook has already had some signs of success, and it would be a pity to miss it.

"Oh, this little money makes it difficult for me to do things!"

Xia Jingxing sighed, looking very embarrassed.