Rebirth: Dominate The World, Starting From The School Network

Future technology, no money.

People in the investment circle have received the wind blown by future technology.

In an instant, many investment institutions were ready to make a move.

In September, the Xiaonei Network’s Operation Bright Sword immediately wiped out all the major copycat websites, and even the campus network of Gouchang became a thing of the past.

Countless investment institutions are paying close attention to every move made by Xiaonei Network. Naturally, they are aware of such a big move.

Similarly, these investment institutions also know that in today's market, Xiaonei.com is the dominant one, and other copycat websites that have been severely damaged are no longer the opponents of Xiaonei.com.

Future Technology has faced various severe challenges since it was launched on the school network in February, and finally defeated all its opponents in September and became the unrivaled leader in the community social field.

Even though Xiaonei.com has not yet brought even a dime of revenue to future technology, no one thinks that Xiaonei.com has no ability to make a profit.

The reason why Xiaonei.com has not made a dime yet is because the founder of Xiaonei.com, Lu Yi, is very ambitious and wants to increase the number of users of Xiaonei.com as much as possible.

Although the major investment institutions that invested in Lu Yi in the past few times felt that the stories Lu Yi told were a bit exaggerated, they were indeed moved, so they chose to spend money.

October 7th is the last day of the National Day holiday.

Investment institutions represented by Goldman Sachs and Morgan gathered at a hotel in Sioux City.

Future Technology has opened up the B-round financing channel, and they will naturally not be absent.

The major investment institutions are still SoftWin, IDG, Goldman Sachs, Morgan, etc.

In this Series B financing, in addition to these major institutions, there is a new major institution, Huajin Securities.

Among the shareholders of Future Technology, the vast majority are foreign capital.

IDG, Goldman Sachs, and Morgan are all large international venture capital firms from the United States.

Shenzhen Venture Capital is the only domestic investment institution.

Fortunately, this time we came to Huajin Securities, which is a nationally recognized venture capital institution.

At 10 o'clock in the morning, the conference room door closed.

Lu Yi and the heads of major venture capital institutions sat at the oval table and began to discuss the specific matters of this Series B financing.

Xue Cunhe, who had won the soft victory, smiled and said: "Director Lu, congratulations. After the Operation Sword Show in September, Xiaonei.com has become the undisputed absolute hegemon in the domestic community social field. Even opponents like Goose Factory have been completely defeated by you. We had to turn around, cancel the campus network project, and integrate and reorganize resources into the QQ Space project."

During the Series A financing in June, Lu Yi’s big move that made them willing to spend money was the [School Beauty Selection Activity].

At that time, they all predicted that Xiaonei.com would become an undisputed leader in the community social field as this event unfolded.

But the results were somewhat beyond their expectations.

Because of the great campus network, the campus network of Gouchang was destroyed.

You know, Echang's campus network has been closely following the school network, occupying the second largest market share in the country, and is backed by QQ, which claims to have 200 million users.

This is an absolutely formidable opponent.

They had previously predicted that the copycat websites such as Echang would be severely damaged, and the gap would be completely widened by Xiaonei.com.

But I never thought that the campus network could be so successful that Gouchang directly stopped the campus network project.

After all, they all know how much resources Goose Factory has invested in the campus network project.

Just dismounting means that the previous investment has been wasted.

Even if Goose Factory turns the campus network project into a QQ space project, it will still lose money that should be lost.

Huang Zhen from Shenzhen Venture Capital said with a smile: "I also heard that Zhao Peng, the person in charge of the campus network project at Goose Factory, was so angry that he vomited blood and fainted on the day the campus beauty event was launched. Zhao Peng was afraid that he would hold a grudge. You will disgrace him for the rest of your life."

The atmosphere at the scene was very relaxed, as if everyone was not here to invest, but to have fun.

Li Wen said with a smile: "With the end of the School Beauty campaign, Xiaonei.com has occupied 90% of the domestic market share. Other competitors are no longer able to challenge Xiaonei.com's position and can only survive."

Representative of Goldman Sachs: "From the current point of view, the number of users of Xiaonei Network worldwide has exceeded 100 million, and the number of overseas users has increased by 10 million+ per month. The development speed is unmatched by anyone in the industry."

This is why, when Lu Yi let out word that he had no money, the investors rushed to Suzhou City to deliver the money without hesitation.

We are optimistic about the future development of technology!

Nowadays, Xiaonei.com basically has a monopoly position in the country, with the number of users exceeding 50 million, unparalleled in the world.

While developing the domestic market, the pace of exploring overseas markets has not stopped.

Not to mention Greater China, just North America and Europe, the number of users has now exceeded the 60 million mark.

And judging from the relevant data they obtained, the overseas Xiaonei network (face) is developing more rapidly than domestically, with monthly user growth exceeding 10 million.

According to their predictions, by the end of this year, overseas users are very likely to exceed 100 million!

If users in Greater China are included, the number of users of Xiaonei Network may even reach 200 million by the end of this year.

And domestic goose factories are no more than that.

Even the 200 million users claimed by Gouchang are simply false, while the users of Xiaonei.com are real, because Xiaonei.com is registered under real names.

An Internet company that was established less than a year ago was able to grow its user base to over 200 million in such a short period of time, which shocked and surprised them.

Lu Yi said calmly: "Xiao Nei Network is moving in the right direction. We know very well what users really want. This is also one of the magic weapons for us to win the favor and recognition of users.

If you don’t understand what users want and cannot provide users with the product features they want, you will undoubtedly become a loser.

As for our Xiaonei.com, from the moment of its birth, we have started from the user's perspective and put the user experience first. Therefore, we have been able to overcome obstacles all the way, defeat one opponent after another, and become the undisputed leader in the community social field. Boss. "

After a pause, Lu Yi added: "Xiaonei.com is not a single service, not a simple social networking site, it is a basic platform, and its scale in the future will be as huge as the Internet itself, believe me!"

The major investment institutions looked at each other in awe when they heard Lu Yi's rhetoric.

As big as the internet itself?

Young man, your tone is a little too crazy!

Although they felt that Lu Yi's tone was a bit loud, with the actual growth data of the school network in front of them, they could not refute it.

After Lu Yi drew a big pie and told a beautiful story, he began to enter the substantive stage of financing.

Morgan's representative said: "Director Lu, nothing is more convincing than growth data. We can see the development potential of Xiaonei.com, so how much money do you plan to raise and how much equity do you intend to give up for this Series B financing?"

Swish~

In an instant, all investment institutions focused on Lu Yi.

During the A round, Lu Yi took away 20 million yuan.

Four months later, Xiaonei.com not only defeated all its opponents to become the domestic leader, but also went overseas and achieved unprecedented success overseas.

They all know that Lu Yi may have a big problem with this Series B financing.

Lu Yi directly quoted: "Financing 600 million yuan, selling 12% of the equity, and valuing it at 5 billion yuan."

Upon hearing this number, the small organizations present smiled bitterly in their hearts.

No Money!

They are not short of money from top international venture capital firms such as Goldman Sachs and Morgan.

Of course, no matter what, you can just drink some soup if you can’t eat meat.

The major institutions present had no objection to Lu Yi's offer.

They silently compared it in their minds. Even if Lu Yi's valuation of the company was higher than their psychological estimate, it was still within the acceptable range. In addition, they were not short of money, so they were not entangled.

After consultation, we reached an agreement quickly on how much each company would pay.

After Series B financing, Future Technology’s equity structure is as follows:

Option pool reservation: 10.692%

Lu Yi：62.568%

Soft win: 5.344%

idg: 4.844%

Shenzhen Venture Capital: 4.144%

Goldman Sachs: 4.256%

Morgan: 4.056%

Huajin Securities: 1%

Others: 1.908%

Lin Qingya: 1.188%

Two hours later, Lu Yi completed the signing of agreements with major investment institutions, and the funds will be credited to the company's account within ten days.

600 million is not a small amount, and it will naturally take some time.

With the successful completion of Series B financing and the completion of the signing ceremony, news spread throughout the industry.

Future Technology successfully received 600 million in Series B financing, which is equivalent to about 73 million yuan due to exchange rate changes. The company is valued at 5 billion RMB. It is also the only unlisted company among domestic Internet companies with a valuation of more than 5 billion so far.

Just five days after Future Technology received 600 million yuan in financing, the news was still in the hot discussion stage. News broke that another well-known domestic Internet company had raised 82 million yuan, which instantly changed the heat on Future Technology.

This company is none other than Ahri.

When this news reached Lu Yi's ears, he was a little surprised.

82 million meters of gold Lu Yi is very familiar with. According to the development route of the previous life, Ahri will receive this investment in February next year, but now it is obviously half a year ahead of schedule.

Shortly after Ali announced that it had received 82 million yuan in financing, St. Petersburg University broke the news that it had raised 40 million yuan.

The birth of three huge financings almost occupied the front page of industry news and caused countless heated discussions.

The birth of these three investments has caused continuous discussion in the industry. The cold winter of the Internet seems to be passing. Is spring coming?

The spread of the news has become a topic of conversation for countless people after dinner.

Countless people are talking about the top Internet companies in China.

Currently, the most famous companies that have not yet been listed are Qiandu, Goosechang, Ali and Future Technology.

The media with good intentions directly changed the original BAT into BATW.

Obviously, this W represents future technology.

These are the four giants of domestic Internet companies that have not yet been listed, and they are all high-quality targets that are favored by the investment community.