My rebirth is different

Page 552

"Well, since Mr. Fei dared to write these two performance-to-bet clauses into the agreement, then I agree that Facebook's performance can be compared with Sina." Xue Chunhe was also unambiguous.

His words are an admission that Facebook's valuation can reach 32 billion US dollars.

In 2003, the exchange rate between the U.S. dollar and the renminbi was still around 260, so the market value of Sina converted into renminbi was [-] billion!

Yu Wenfei invested 260 million RMB, of which [-] million was used on Facebook, and in just half a year, it skyrocketed to [-] billion RMB!

That's the beauty of the Internet.

In any other industry, it is impossible to do this step.

"This is Facebook's first financing, so I can only transfer [-]% of the shares. I don't care how Softbank and Jiaotong University Venture Capital allocate it. You can discuss it yourself." Yu Wenfei continued.

260 billion valuation, ten percent is 26 billion!

Yu Wenfei was a little worried about whether Softbank China and Jiaotong University Venture Capital could take over, but the past few years have been the most prosperous time for Softbank, and Mr. Sun, who is rich and powerful, will not be lenient.

[-]% of the shares, an investment of [-] million US dollars...

These two numbers made Xue Chunhe's pupils shrink slightly, and his expression became cautious.

On the other hand, Director Wang of Jiaotong University Venture Capital was very straightforward and said, "We only need a small share of shares, and we will contribute 200 million U.S. dollars."

He was very straightforward, and he dared to make a final decision without even going through cumbersome procedures.

That's because he knows that in the school leadership, the two principals are very supportive of Yu Wenfei. In a sense, this Facebook is a banner for Jiaotong students to start their own businesses!

Not to mention that Facebook is indeed very promising and valuable, even if it is ordinary, Jiaotong University would dare to throw money at Yu Wenfei.

Xue Chunhe was not so straightforward. The investment of nearly [-] million yuan is no longer something he can decide on here.

However, this is the first contact, and it will take some time before the actual cooperation is reached, so there is no rush.

Xue Chunhe said solemnly: "The amount of investment this time is huge. We need to go back and discuss it. In addition, we need to notify the headquarters to send a team over there. It is estimated that Mr. Sun will come in person."

Yu Wenfei nodded, which is what it should be.

An investment of [-] million U.S. dollars, even the wealthy Softbank, can't just give it casually.

That old man probably wants to come over in person to meet and chat with him.

…………

When the business came to an end, Yu Wenfei took Xue Chunhe and Director Wang to visit the company.

Seeing the computer room occupying the entire floor and the huge team of nearly 2000 people, Xue Chunhe couldn't help shaking his head and smiling wryly.

"Mr. Fei, your company is not a start-up company. Even companies like Sina and Sohu, which have been listed for several years, don't have as many employees at the headquarters as you do."

Yu Wenfei smiled lightly, and said meaningfully: "If you want to do a big business, you must have the corresponding hardware and software! The goal of Facebook has never been a website like Sina Sohu."

The meaning of these words is that even the domestic portal giants are not in their eyes...

Xue Chunhe couldn't help asking: "Which company is Facebook's target?"

"Keep it secret, after Softbank becomes a shareholder, you will understand." Yu Wenfei laughed.

"Then besides the Facebook website, will the company develop other businesses? For example, emails, portals, search engines, etc." Xue Chunhe asked curiously.

After Internet companies reach a certain scale, they will definitely not only do a single project, because that is a waste of user resources.

Generally, multiple related projects will be launched to tap the potential of users, and sometimes the sideline business will exceed the original main business. This is very common.

"Of course, we have already approved four major projects, and they will be launched in a month or two." Yu Wenfei replied.

"What's the business? Can you tell me?" Xue Chunhe asked curiously.

"Business secrets, no comment." Yu Wenfei said with a smile.

Well, it's a commercial secret again, Xue Chunhe is very helpless.

However, he also understands that after all, the two parties are not partners yet, and it is naturally inconvenient for the other party to tell him some things.

…………

Xue Chunhe was a little dissatisfied when he met with Facebook's top team, but he didn't say anything in person.

In private, he asked Yu Wenfei implicitly: "Is your company's management power a bit weak?"

This is indeed Facebook's weakness. After all, the company has not been established for a short time, and Yu Wenfei's requirements are high after all. Some key positions are still vacant.

"I already have a target candidate. I will find time to meet with the candidate recently, and I will be there soon." Yu Wenfei said frankly.

"Well, you must pay attention to this point. Mr. Sun attaches great importance to the entrepreneurial team! Of course you have no problem, but if your subordinates have a more glamorous resume, they will also get a lot of points. What I said is, Senior’s reminder to junior, haha.”

Xue Chunhe certainly hopes to achieve this investment.

Yu Wenfei is his junior. In the business world, this kind of relationship is usually very important.

What is a circle?

This is called a circle!

This investment was introduced by Principal Lin to himself. If there is no such relationship as being from Jiaotong University, why should Yu Wenfei want SoftBank’s investment instead of contacting VCs such as Sequoia, IDG, and Tiger Fund first?

In the same way, I have to invest money anyway, why don't I help my junior to get the money.

Anyway, it’s all the company’s money, not my own…

Yu Wenfei gave up Tsinghua University and Peking University and chose Shanghai Jiaotong University, and the effect has already begun to show.

If you go to Tsinghua University and Peking University, not to mention that the two principals value him and introduce investment to him, it is estimated that it will be difficult for him to start a business!

Chapter 480

This is the big magic city, there is no shortage of money!

Yu Wenfei likes this kind of environment, and also likes dealing with these big investment banks with deep pockets.

His starting point is already very high, of course he will not engage in self-made or hard work, because for him, that is just a waste of time!

Time is the most precious thing.

Therefore, Facebook was founded with an investment of [-] million yuan, which cost nothing at all. It only took half a year. When those new projects were launched, the [-] million yuan would be burned...

This burning speed is even faster than that of his predecessor, Yitang.

That's why Facebook has a valuation of more than 200 billion.