My rebirth is different

Page 550

Facebook, start fundraising!

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Also in the Jinmao Tower, there is a company on the 30th floor. The area is not as big as Jiale, but it only occupies half a floor.

This company is SoftBank China.

Xue Chunhe is the person in charge of Softbank China. As soon as he started work after the year, he called his team and arranged a task.

"In the past two days, everyone put down other work at hand and go to collect all the information on Facebook, Star Technology, and the boss Yu Wenfei!"

His staff asked in surprise: "Head, are we going to invest in Facebook? Didn't everyone in the circle say that Facebook doesn't accept investment? We asked about it last year, and the answer was that it doesn't consider financing, no Lack of money."

Xue Chunhe smiled slightly, "Yu Wenfei, the boss of Facebook, is my junior. Opportunities that other VCs can't get don't mean that Softbank can't get them."

"Wow, I still have a good head!"

"Boss Xue is really awesome. Facebook has been the top company on the domestic Internet in the past two years. I don't know how many VCs are staring at it and drooling."

The subordinates flattered one after another, and Xue Chunhe was also secretly proud of himself.

Just like what his subordinates said, Facebook exploded immediately when it was launched. At that time, there were countless VCs eyeing that piece of "fat meat", and SoftBank China was no exception.

Facebook, a social networking platform, has shown great potential and room for development. Of course, everyone wants to invest a sum of money in it early. Maybe it won't take long before the investment can be multiplied by countless times!

It's a pity that Facebook directly rejected all investment intentions at that time, saying that they were not short of money...

Xue Chunhe also talked about this matter when he paid New Year's greetings to the principal, and the principal told him that Facebook was going to raise funds after the year, and the default was his side, as well as Jiaotong University's own investment fund.

Therefore, as soon as the work started after the Chinese New Year, Xue Chunhe impatiently ordered his employees to start collecting Facebook data.

Investing, especially in an already huge company like Facebook, must be cautious and cautious.

Xue Chunhe knew that with the current size of Facebook, even though it was just a round of financing, the amount involved must be huge, and the final result would even shock the entire domestic Internet circle.

Therefore, the preliminary research must be meticulous, and he must be responsible for every penny of the company.

Even if he knows that Facebook has a very bright future and that he can make money if he can invest, he still has to go through the necessary procedures and go through them carefully.

…………

February NO.15, Softbank China joined hands with Jiaotong University Venture Fund to officially send a consultation letter to Facebook.

The two parties agreed that two days later, they would meet at the headquarters of Star Technology in Xinzhuang Science and Technology Park to discuss the financing of Facebook.

Chapter 478

For mature venture capital institutions, when they invest in a project, their general business model includes the following links: financing, research, investment, management, and exit.Among them, the business process part of the docking between venture capital and target project companies is often concentrated in the two key links of "investment and management".

Generally speaking, institutional investors have their own clear set of investment management processes: establishing project channels, screening project BPs, gradually interacting with internal projects, investment term sheets after preliminary due diligence, signing confidentiality agreements, entering the market for in-depth due diligence, Write an investment report, hold internal meetings, negotiate, and attend meetings, sign an investment agreement, change the articles of association and industrial and commercial registration, complete the share delivery, and finally make payment, and then start the subsequent stage of management value-added and project supervision.

This is a very complex and rigorous process!

Under normal circumstances, many start-up companies take the initiative to seek financing from venture capital companies!Therefore, venture capital companies are passive and take the initiative.However, there is another situation, that is, the start-up company has shown great potential, or at the same time, several venture capitalists have taken a fancy to a start-up company.

At this time, the active-passive relationship is reversed.It became a venture capitalist who took the initiative to come to the door, begging to invest in a start-up company.

Facebook, apparently, is the case.

Years ago, Hu Jingjing did not know how many times she had received phone calls and consultation letters from investment companies asking whether Facebook had any intention of accepting financing.

At that time, Yu Wenfei had asked him to refuse all of them and not to consider them.

In the eyes of major VCs, a website like Facebook is like "Tang Monk Meat"!

The trendiest direction of the Internet, after the classification of an almost forgotten Internet website-blog, it has become very popular after the magic reform.

Looking at the momentum, it has even become the largest sharing social networking site in the country!

It is not an exaggeration to say that the potential of this kind of website is comparable to that of Tencent QQ, and even in terms of generating income, the website has inherent advantages over chat software.

In other words, Facebook will be easier to monetize traffic than QQ.

Therefore, many VCs have long been "drooling" over Facebook, and of course SoftBank China is among them.

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The team led by Softbank China is naturally Xue Chunhe, and the team led by Jiaotong University Venture Capital Fund is Director Wang.

As soon as we met, Xue Chunhe held Yu Wenfei's hand tightly, and said with a smile on his face, "I heard from the old principal a long time ago that our Jiaotong University has produced an amazing student! I have always wanted to meet you, my student. But both of us are too busy, and we didn't meet for the first time until today. We need to walk around more in the future, we are all alumni, our own people!"

Director Wang next to him also smiled and said, "Both of you are the pride of Jiaotong University, and you are also very successful in your career. If you help each other in the future, you can go further."

This is the benefit of being from a prestigious school.

Among the alumni who graduated in previous years, some may have stood out and become leaders in various industries. At critical moments, if they support you, it will really save 30 years of struggle!

Of course, Yu Wenfei doesn't need anyone to support him, what he needs to consider is who he needs to support him.

"Hi brother, I've known you for a long time. Under your leadership, SoftBank China is well-known in the venture capital circle. Alibaba's 2000 million investment is indeed very discerning!" Yu Wenfei also responded, holding Xue Chunhe's hand.

Investing in Ali is Xue Chunhe's most proud thing. Although Ali is far from the Ali Empire in the future, it has already shown a momentum of excellence in the field of e-commerce.

Xue Chunhe laughed loudly, held Yu Wenfei's hand firmly again, and said, "That happened a few years ago. In the past two years, there is only one company I most want to invest in, and that is Facebook!"

After exchanging pleasantries, Yu Wenfei led everyone into the big conference room, and after they were seated, they began to get down to business.

"Mr. Xue, Director Wang, I am very glad that you are optimistic about and trust Facebook. I don't need to introduce the basic situation of Facebook. I think you already know it. Today, everyone is sitting here to reach a consensus. Facebook needs funds for further development, and you, by investing in Facebook, will reap great rewards...”

After speaking, Yu Wenfei instructed Hu Jingjing to distribute the sorted out Facebook-related data to everyone.

Although venture capital companies have done preliminary due diligence, many internal data are not so easy to collect and need to be provided by Facebook. These data are those data.

Xue Chunhe, Director Wang and the others flipped through the documents at hand and read them carefully.

Facebook has more than 8000 million registered users and more than 3000 million daily active users. These are data that can be found through third-party statistical websites.

However, such as the number of pages clicked per capita, the number of link jumps, the number of posts per capita, the number of comments and likes per capita, the number of followers per capita, etc., these are not available to third-party statistical websites.

Looking at the information at hand, Xue Chunhe strengthened his determination to invest in Facebook.

Needless to say, Director Wang, he was notified by President Li before he came that Jiaotong University Venture Capital is a follow-up investment and must be invested.But they can't pay too much money, and how many shares they can get in the end depends on the results of the negotiations between Softbank and Facebook.

Therefore, in this negotiation, he is going to just listen and not talk, and let Softbank lead the charge.

After reading it, Xue Chunhe closed the documents at hand and exclaimed in admiration: "Very beautiful data! It took half a year to achieve this level of Facebook. It is really the first time I have seen it in so many years!"

Yu Wenfei smiled faintly: "Boss Xue is over the top."