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Chapter 109 Weibo Opens Its Second Round Of Financing! (2, Please Subscribe Automatically)
If you want to convince a businessman, the best way is to induce him to make a profit.
Wang Cong heard this sentence from Wang Jianlin.
He thinks it makes sense.
Especially when used on Jian Hongcheng, it makes more sense.
the reason is simple.
Because behind Jian Hongcheng is Sequoia Capital, a serious capitalist.
Even if there is only 50% profit, they will be ready to make a move, not to mention that the development prospects of Weibo are so bright now, it is very likely that the initial investment of 100 million US dollars by Sequoia Capital will become more.
In the face of interests, Wang Cong believes that even if Jian Hongcheng is reluctant, he will choose to cooperate with him without hesitation.
This is his confidence!
It turns out.
After Jian Hongcheng simply warned Wang Cong, he immediately changed his attitude.
"Chairman Wang, I hope you won't be too concerned about our Sequoia Capital matters."
Jian Hongcheng looked at Wang Cong and said slowly: "We can handle Sequoia Capital's problems ourselves, but you should handle your own affairs."
Speaking of which.
Jian Hongcheng smiled and continued: "The power of Sequoia Capital is far beyond your imagination."
When he said this, he was full of confidence.
The reason for saying this is that Jian Hongcheng has capital.
Sequoia Capital was established in Silicon Valley in the United States in the early 1970s.
In the more than thirty years since its establishment, Sequoia has been the first institutional investor to invest in many innovative trend-leading companies such as Apple, Google, Cisco, Oracle, Yahoo, and Linkedin.
Domestically, the Sequoia Capital team manages approximately US$2 billion in overseas funds and RMB4 billion in domestic funds to invest in domestic high-growth companies.
Sequoia Capital's partners and investment team have both international economic development vision and local entrepreneurial experience. Since its establishment, it has invested in many representative high-growth companies in technology, consumer services, medical health, and new energy/clean technology. .
Sequoia Capital’s domestic investment portfolio includes Sina.com, Alibaba Group, Wanxue Education, JD.com, VanceInfo, Vipshop, Douban, Noah Wealth, AutoNavi, Lefeng.com, Qihoo 360, Qian Zhaoguo Optoelectronics, Focus Technology, Dianping.com, Linong Group, Rural Basic Catering, Skye Network, Bona Film and Television, Kaifeng Pharmaceutical, Qinchuan Machine Tool, Happy Shopping, Mengcao Drought Relief, Peak Sports, etc.
"Haha, I know Sequoia Capital is very strong."
Wang Cong said calmly: "However, Mr. Jian, you have to understand that you are not Sequoia Capital."
This sentence was like a needle, instantly targeting Jian Hongcheng's Achilles' heel.
He glanced at Wang Cong and said nothing.
"With all due respect, Mr. Jane.
Wang Cong commented: "Although you are a senior partner of Sequoia Capital, you should understand that if your domestic investment has not achieved results, how does Sequoia headquarters treat losers? You are better than I know, right?"
Wang Cong is very clear about the methods of capital.
Don’t say anything else.
The investment projects led by Jian Hongcheng failed one after another, and Wang Cong believed that there must be considerable criticism of him within Sequoia Capital.
This is a very normal thing.
After all, for capital, people who can't make money are useless.
"Tell me, what do you want to do?"
After a long while, Jian Hongcheng looked at Wang Cong and replied slowly.
He knows it very well.
After Wang Cong said so much, he must have something to say to himself.
For no reason, this guy is not so kind and still solves his own problems. How is that possible?
Hearing his words, Wang Cong suddenly laughed.
This is sometimes the case when dealing with such smart people. After you say a few words, people will know that you must have something more to say.
But that’s fine too.
At least everyone can pierce the window paper and continue talking.
"It's nothing actually."
Wang Cong said calmly: “I plan to start Weibo’s second round of financing.
"What?"
Jian Hongcheng stood up suddenly and looked at Wang Cong dumbfounded.
He really never expected that Wang Cong would actually conduct Weibo’s second round of financing.
Damn it!
It seems like it’s less than three months since the first round of financing ended, right?
What an international joke!
Looking at Wang Cong, Jian Hongcheng subconsciously said: "Are you crazy?"
The reason why he had this reaction was actually quite normal.
Under normal circumstances, for a company that has just been established, most of the time, financing will go through a process.
For example, Mark Zuckerberg's Facebook went through nearly ten rounds of financing, and it took eight years before it finally decided to go public.
But Wang Cong is good.
Four months after the company was established, he actually wants to start a second round of financing. What kind of international joke are you kidding?
Looking at Jian Hongcheng, Wang Cong said calmly: "I'm not crazy. In other words, Mr. Jian, you should understand what I mean. Weibo's current user growth rate has proven the potential of this company. Why should I continue step by step?" Keep waiting?"
Hearing Wang Cong's words, Jian Hongcheng was stunned.
He had to admit.
What Wang Cong said makes sense.
In fact.
For most entrepreneurs, or for investors.
If they can spend 100 million to solve something in half a year, they will never spend 50 million to solve it in one year.
The most important development strategy for Internet companies is to occupy the largest market in the shortest time.
In comparison, Weibo is developing at a rapid pace nowadays, and what Wang Cong said seems to make sense.
"So, what do you think?"
After a moment of silence, Jian Hongcheng asked Wang Cong.
"My idea is simple."
Wang Cong smiled and said calmly: "Immediately start the second round of financing and seek new investors. Of course, you can also continue to invest."
"What's the valuation?"
Jian Hongcheng asked calmly.
This question is the key.
After all, the total number of Weibo users is almost over 200 million. This number is simply outrageous and unimaginable.
Wang Cong heard his question and said calmly: "This depends on everyone's thoughts. To be honest, with the current growth rate and development situation, I have a lot of confidence in Weibo."
There was a pause.
He gave Jian Hongcheng a meaningful look: "Of course, if Mr. Jian you don't have enough confidence in Weibo, I think your company's shares can be diluted."
Damn it!
!!!!
!!!!
Looking at Wang Cong with a smile on his face, Jian Hongcheng really wanted to punch this guy.
How could he say such shameless words?
To know.
When Weibo had 100 million users, it was already valued at one billion US dollars. Now the number of users has grown to almost 200 million within a few months. He actually had the nerve to say that Sequoia Capital's shares would be diluted. This is really shameless to the extreme. !
"Mr. Wang, this joke is irreversible.
Looking at Wang Cong, Jian Hongcheng said helplessly: "We at Sequoia Capital, including myself, are very optimistic about the development of Weibo."
What he said was true to his heart.
Everyone at Sequoia Capital is very optimistic about the development of Weibo.
They all know that if an Internet company has just been established and is developing at such a speed, it means that the company's prospects are definitely very promising.
"Haha, in that case, I feel like we have nothing left to say."
Wang Cong looked at Jian Hongcheng and said with a smile: "Mr. Jian and I are very optimistic about the development of Weibo, so it's time for us to speed up the development of this company, isn't it?"
"All right."
Jian Hongcheng only hesitated for about ten seconds, then nodded and said: "But I hope you can promise that the valuation of the second round of financing will not be less than two billion US dollars."
At this point, since financing is imperative, he must strive for the greatest benefits for Sequoia Capital.
There is no doubt about it.
It is also in Jian Hongcheng's own interests. After all, he leads this investment.
If the US$100 million previously invested can increase in value, it means that his vision is still good. 980 to put it bluntly.
Jian Hongcheng is seeking a balance point for his various previous mistakes.
Wang Cong naturally understood what he meant, laughed, nodded and said: "No problem, I can guarantee it now."
Being as smart as him, he naturally understood what Jian Hongcheng meant.
But Wang Cong doesn't care.
For him, this matter was just a matter of course.
After bidding farewell to Jian Hongcheng, Wang Cong thought for a while and dialed Zhang Chaoyang's mobile phone.
The next morning, Wang Cong met Zhang Chaoyang at Sohu's headquarters.
"Want to raise funds again?"
After hearing Wang Cong's plan, Zhang Chaoyang looked confused.
"Yes. 11
Wang Cong nodded: "I hope to make Weibo public within three years."
Three years!
Zhang Chaoyang, who understood what going public was about, was immediately stunned.
He really didn't expect that Wang Cong's ambition would be so big.
But he had to admit that the potential displayed by Weibo was indeed very exciting.
It is not an exaggeration to say that even Zhang Chaoyang's own Sohu website, when it was first established, was definitely not as fast as Weibo's current development.
Even Zhang Chaoyang admires Wang Cong for this. This little guy is really discerning.
"Isn't it a little too hasty?"
After hesitating for a moment, Zhang Chaoyang asked Wang Cong cautiously.
After all, Weibo has only been established for a short period of time. In such a rush to go public, Zhang Chaoyang is worried about whether there will be any problems.
"If we don't hurry up, our market share will be squeezed."
Wang Cong said calmly: "Don't forget, you were the first to build the original portal website, but later websites such as Wangyi and Tengxun developed at a rate no slower than Sohu."
Hearing Wang Cong's words, Zhang Chaoyang suddenly fell silent.
Because that's what Wang Cong said.
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