Chapter 134 Exchange (first order)

  Daoyou.com is fighting with Facebook, ordinary users are eating melons, and investors are also watching.

  The attitudes of several venture capital institutions that were in contact with Facebook became cold.

  Dute is a horror, naturally it depends on who is the ultimate winner in this social battle.

  Otherwise the bet is wrong, then it will really be a waste.

  In general, the media, investors, and ordinary users are more optimistic about Dating.com, and less optimistic about Facebook.

  Because the dating network is open to all groups, not limited to college students.

  Furthermore, Diaoyou.com has been internationalized, and there are millions of users in Asia.

  Finally, looking at the launch time of the websites of both parties, Facebook was launched last year, and Diaoyou.com was only launched this year.

  Now that the number of users on both sides is almost the same, it is natural that Diaoyou.com is growing faster, and it also proves that Diaoyou.com’s strategy of "opening up registration for all groups" is more successful.

   LinkedIn’s CEO Reid Hoffman called Xia Jingxing.

  "Dalun, how are you doing? I can see the news about you and Diaoyou.com everywhere."

   "Haha, then you can check it out more. In three months, you won't be able to see the news on Diaoyou.com."

  Xia Jingxing and Hoffman have been in contact for so long, making jokes about each other more casual.

  So after hearing what Xia Jingxing said, Hoffman didn't feel how arrogant this man was.

   After chatting for a few words, he went straight to the subject: “Dairun, you may want to seriously consider the issue of Facebook’s Series A financing.

  I know you are very confident in Facebook, but your opponent has already stockpiled 13 million US dollars in ammunition.

  If your financing pace slows down, you are likely to be overtaken by your opponents. "

  Xia Jingxing smiled, "Do you dare to end at this juncture?"

   "Of course, I have been following the development of Facebook, and I am very confident in you and this company."

  Hoffman's conversation turned immediately, "However, the current valuation cannot be the same as the previous period. After all, the situation is different. How about 80 million US dollars?

  Some time ago, Sequoia Capital came to us to talk about LinkedIn’s Series A financing.

  If you agree to financing, I can introduce Sequoia Capital to you.

  There is also Peter Thiel, who has been following Facebook.

  We can invest a round of A round of financing for Facebook together, the scale will not be less than the 13 million US dollars of Diaoyou.com, and at least 20 million US dollars.

how about it? My friend, is this a good suggestion? "

  Xia Jingxing chuckled, the dog said that he wanted to take advantage of the fire.

  Actually, it is not considered to be taking advantage of the fire. After all, Dating.com is now aggressive, and Facebook is no longer the same as it used to be in the social circuit.

   "Entering now, the risk is not small for you, right?"

   Hoffman laughed, "We have naturally considered the risks, otherwise we will not ask you to lower your valuation."

   "How about waiting another three months?"

  Xia Jingxing smiled on the phone and said, “After all the dust settles, you can enter again, and it will be safer for your investment.”

  Hoffman heard the rejection in Xia Jing’s jargon and sighed, “If you win, the valuation will be more than just that now.”

   paused, his tone increased by three points, "Of course, if you lose, you may have nothing.

  No venture capital will favor you again. If you can't raise funds, what is waiting for Facebook will slowly decline. "

   "Yes, it either succeeds, and the valuation is doubled or ten times: or it fails and it is worthless."

  Now that the words are open, Xia Jingxing no longer hides it.

  Hoffman didn’t know where Xia Jingxing had such a strong self-confidence. He was sure he would win?

   "Anyway, Darren, you don't need to answer me in a hurry, you can think about it for a few more days."

   "Don't think about it, this is my final answer."

   Hoffman sighed, "Well, it’s a pity, we may have to go to Dating.com."

  Xia Jingxing is not afraid of this threat at all, and said with a smile: "They shouldn't want your investment. Even if they do, it should be after they defeated us.

  But it is a pity that you may never be able to vote for them. "

   "Darren, your current performance is very much like an arrogant man."

Xia Jingxing didn't mind at all, "Hahaha, is this a compliment to me?

  Well, I admit that I am confident in the future, but not arrogant. "

  Hoffman is in a sad mood. He has been following the Facebook project since last year.

  Angel round failed to catch up, and the valuation of round A has risen all the way.

  He is going crazy.

  The reason why he keeps on Facebook is because he believes that real-name social networking must be the ultimate winner of the social battle.

  Don’t look at Dating.com now jumping high, and sooner or later it will fall off.

   LinkedIn also does real-name social networking, but it is very different from Facebook, focusing on business social networking.

  In the first few months of LinkedIn’s founding, it almost drove him crazy. User growth was extremely slow, with only 20 new users growing every day.

  Because persuading users to upload their real names and information is harder than going to the sky.

   Facebook can actually allow millions of college students to upload real information convincingly, and he is also convinced.

   also believes that this alone can directly kill all other social networking sites.

   is also real-name social networking. He compared the success of Facebook and the frustration of LinkedIn and came to a conclusion: the entry point is different.

  College students make friends on campus and show their true information, which is completely natural.

  Even if you want to pack, you will be seen through by your classmates.

  And LinkedIn is facing more complicated work and social people, and it is extremely conservative in personal information and data.

   Facebook’s real-name social networking is all based on reality, and a real-life society is reconstructed online-this is the true meaning of social networking.

  It's just that these views can't be expressed, so as not to be "sit on the ground" by Darren.

  So even if he is optimistic about Facebook, he must exercise some restraint.

   "Well, after those three months, let's talk again."

   Seeing that there is still nothing, Hoffman is about to hang up.

  Xia Jingxing stopped him, "Wait, when does LinkedIn plan to raise funds?"

  Hoffman smiled, "What? Do you have ideas about LinkedIn?"

   "Yes, give each other a chance!"

  Xia Jingxing smiled and said, "You vote for Facebook, I vote for LinkedIn, and the relationship between everyone is improved."

  Hoffman thought for a while, and replied: "You can participate, but the share should not be much. You should also know the reputation of Sequoia Capital. They must account for the majority."

   "Understand, send me a copy of the business plan."

  Xia Jingxing also did not want to monopolize LinkedIn’s Series A financing. After all, he has a small body now and can't afford it. It would be nice to be able to get a share of the pie.

   "After those three months, Facebook’s Series A financing, you can’t continue to drag on."

  Xia Jingxing responded, "Don't worry, it will open on time, and there will be a seat for you."

   "Okay, then you have to pay attention, don't get beaten down by the dating network."

   "Don't worry, you just wait for a good show!"

  ……

   chatted a few more words, Xia Jingxing hung up the phone.

  He looked faintly at the LinkedIn page on the computer.

  He opened this webpage when he just called.

  At this time, LinkedIn is still relatively rough, the number of users is not many, and the reputation is even poorer.

   But it can actually hook up with Sequoia Capital, relying on the name of Reid Hoffman, or the fame of the PayPal gang.

  In his previous life, Hoffman had the title of "King of Networking" in Silicon Valley, which should not be underestimated.

  So, he will definitely not lose money by pulling the other party in to invest in Facebook.

  Not to mention, in exchange, he also got an opportunity to invest in LinkedIn.

  (End of this chapter)