My Age of Investment

DCM withdrew its capital from Thousand Oaks Group and embraced Xiaonei.com. Although this matter was done in secret, it was discovered and exposed by the pervasive media.

"Thousand Oaks Group collapsed and scattered, venture capitalists withdrew their funds, their valuation plummeted, and they lost the competition with Xiaonei..."

"Mr. Xia Jingxing once said that Xiaonei.com is not afraid of any competition. I thought it was a bit exaggerated. In the end, we still underestimated the founder of the campus social network.

Next, let's take stock of the radical changes brought about by Mr. Xia taking over Xiaonei for three months..."

"The campus social network battle has come to an end, Xiaonei defeated Thousand Oaks Group with a three-month blitzkrieg..."

...

Xiong Xiaoge and Zhang Fan really didn't want to make any noise about DCM's divestment, and when they signed the agreement, they had three chapters with Zhao Keren.

They will give the amount of money, but DCM must abide by the agreement and not disclose relevant matters to the outside world.

Unexpectedly, just two days after the transaction was completed, the whole industry circle spread the news, the media reported it wildly, and netizens ridiculed it in various ways.

Zhang Fan was so angry that he wanted to argue with Zhao Keren and Lin Xinhe, but was stopped by Xiong Xiaoge. The things had already happened, so it was pointless to engage in these actions.

In fact, they completely wronged DCM, the whole incident was fueled by Xia Jingxing's subordinate enterprises.

The benefits are also obvious.

Originally, DCM quit Thousand Oaks at a discount, and they were still skeptical, but now it has been completely hammered, and its reputation has plummeted.

When it comes to beating opponents, Xia Jingxing has always been unscrupulous, as long as it is easy to use.

This account was naturally assigned to DCM by Xiong Xiaoge and Zhang Fan.

Zhao Keren and Lin Xinhe more or less guessed the mastermind behind the scenes, but they also rushed out foolishly, pretending they didn't know anything.

With the US$20 million investment from DCM, and the US$90 million second-round capital injection from Vision Capital and Facebook, the school's online account has suddenly become richer.

While continuing to recruit troops, Xiaonei put the focus of the next stage on the open platform.

about the name change,

It is also temporarily idle, and will wait until it is launched together with the open platform.

By the beginning of July, all college students had gone on summer vacation.

After many students returned home, they also stayed in front of the TV or computer every day, watching the campus singer contest where 100 advanced to 50, 50 advanced to 32, 32 advanced to 16 and other competitions.

Compared with the competitions in the audition stage, after entering the national competition, it is much more enjoyable to watch.

Thanks to the huge investment of sponsors such as Xiaonei.com and Kugou, the stage, lighting, sound and stage of the national competition are all top-notch in China.

In addition, popular singers such as Jay Chou and JJ Lin were invited as guest guests, and industry veterans such as Liu Huan and Jacky Cheung were invited to serve as judges.

There was no such thing in the first place, but Xia Jingxing added an additional 100 million to the budget and asked Tianyu Media to make it.

The consequence of this is that after the Campus Singer Contest entered the national stage, it completely became popular in China, surpassing the next "Super Girl 2006" in popularity.

This made Wang Peng and Ouyang Changlin feel like they have shot themselves in the foot with a rock.

However, Tianyu also gained a lot of benefits from the Campus Singer Contest, coupled with Xia Jingxing's financial resources, and potential cooperation opportunities in the future, the two still didn't say anything, and worked hard to promote and hype the Campus Singer Contest.

"A female college student adopted by a deaf-mute father moved countless audiences in front of the TV with the song "Dried Wine If You Sell Nothing". The deaf-mute father was also invited to the scene to cheer for his daughter..."

"Foreign students sang "I Love You China" in Chinese, and sang the feeling of all nations coming to Korea and barbarians from all over the world surrendering..."

"A blind student with a disability sang "You Are My Eyes" and the judges burst into tears..."

...

Looking at the documents on the table, Xia Jingxing frowned.

He felt that he still underestimated Tianyu's manipulating ability, and he was too good at catching the audience's G-spot.

At this time, there are not as many routines in the draft contest as in the past, and they are relatively simple.

Tianyu made such a toss, how could the audience stand it, they were completely powerless to resist.

He didn't go to the game, but every day Liu Xiaoduo would hand in work reports from various companies to him.

Recently, the most important job is naturally the Campus Singer Competition.

Looking up at Liu Xiaoduo, he asked, "How's the feedback on the show?"

"Okay, great, the ratings are close to last year's Supergirl, and even higher than this year's Supergirl."

Liu Xiaoduo chuckled, "Mr. Xia, you don't know, every day my parents have to watch in front of the TV to see if these good boys can successfully advance. They don't care so much about my college entrance examination."

The corner of Xia Jingxing's mouth twitched, was it too bottomless?

But this is how business is done. Those who only lie to the eyeballs are good, and those who sell low-quality products, or even products that are harmful to the body, are the worst.

Institutions such as DCM and IDG have cooperated for many years and forged a profound friendship.

But no matter how thick the friendship is, in the face of interests, it is as thin as a piece of paper and cannot withstand wind and rain.

The two sides have held several rounds of talks while decoupling from each other.

Zhao Keren rushed back from the United States, and warned Xiong Xiaoge and others very forcefully that they must buy back the shares of Thousand Oaks with 20 million US dollars, not a penny less.

Naturally, Xiong Xiaoge and the others were unwilling and wanted to threaten a lawsuit.

But Zhao Keren did not accept this at all, and made it clear that he had already sent letters to IDG and Sequoia, notifying the two companies of the relevant matters.

Soon afterwards, Xiong Xiaoge and Zhang Fan received instructions from the US headquarters.

Although IDG China and Sequoia China are very independent, the opinions of the US headquarters cannot be completely ignored.

The Americans are a little worried that the incident of stalking and sneak shooting will spread internationally and affect the company's brand. They suggest that the Chinese branch handle the dispute quickly, properly and rationally.

The U.S. headquarters intervened, making Xiong Xiaoge and Zhang Fan very angry. They were obviously the victims, but in the end they had to make up for the traitor DCM.

They did not act in accordance with the guidance of the US headquarters, but they did not further arouse conflicts with DCM. They just dragged on and did not sue DCM, nor did they repurchase the shares of Thousand Oaks Group held by DCM.

I plan to dry out the DCM.

As a result, within a few days, the venture capital circle suddenly received news from DCM: it wanted to transfer nearly 10% of the shares of Thousand Oaks Group held by it for 20 million US dollars.

Based on this price, the valuation of Thousand Oaks Group is just over US$200 million, which is equivalent to a 30% discount on the US$300 million after the B round of financing.

DCM invested in Thousand Oaks during the A round of financing, and originally made a certain book profit.

But now I have discarded all these profits, and only want to get back the initial investment of 20 million US dollars.

The valuation of Thousand Oaks Group was broken, and as Xia Jingxing predicted, it sparked a lot of discussions on the Internet, and it was interpreted in various ways, and the negative voices continued one after another.

Chen Yizhou's head got dizzy, and he kept receiving condolence calls from friends.

On the surface, it was condolences, but secretly they were asking about Thousand Oaks' business situation, whether it was not enough to make insinuations.

There are also some people in Thousand Oaks Group who are panicking. The employees know that some investors are clamoring to withdraw, and they are very pessimistic about the future development of Thousand Oaks Group.

This has cast a shadow over the hearts of all employees who are looking forward to ringing the bell to go public, especially the part of employees who have received stock options, almost did not cry.

The stock price corresponding to the valuation of 200 million US dollars is lower than their exercise price.

It is equivalent to saying that the options granted after the company's B round of financing have become a piece of waste paper.

This is too frustrating, and the work enthusiasm of many employees has been affected.

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