Chapter 155 Voted

  "Dalun, your valuation is indeed too high. In my opinion, it is reduced to 200 million U.S. dollars. There are definitely VCs rushing to invest."

  Reid Hoffman called Xia Jingxing, who was still thinking about Facebook’s Series A financing.

  Xia Jingxing held the phone and said with a smile: "Then what I did before became a farce through and through?"

  Hoffman sighed: “Everyone is an adult, and you should consider the result, not the process. This is what you told me, how can you not adapt to your own turn?

  As long as you get the A round of financing, who will laugh at you? Who dares to laugh at you?

   Facebook will be the most valued social networking site by then, and the media and the outside world will only greet you with flowers and applause.

   Valuation is a fictitious thing, and the money in hand is a business that keeps growing, and that is the most real thing.

   Temporary benefits, gains and losses, don’t worry too much. "

  Xia Jingxing has miserable words.

   is really unhappy with retribution, what happened to Hoffman in the first place, now it also falls on him.

   Most of Hoffman’s comforting words came from his own mouth.

  Xia Jingxing: "There are new actions recently, you can follow them."

  Hoffman: "What new action?"

  Xia Jingxing: "You will know this when you read it."

  Hoffman did not ask any more questions. After all, he is not a Facebook shareholder now. It is not appropriate to ask the bottom of the question.

   "Well, I will pay attention to your new actions. In short, no matter how high or low the valuation is, as long as you negotiate with the top capital, Peter and I will agree and will choose to participate in the investment."

  Xia Jingxing smiled and said, "Don't worry, I will leave a bite for you."

  Hoffman then hung up the phone with satisfaction.

  …………

  …………

Howard, a partner of Defengjie Investment, walked into an office and looked at the tall figure sitting on the leather chair marking the documents, with a serious face: "Tim, I don't think we can wait any longer."

   "Man, I don't know what you are in a hurry? Sit down and have a cup of coffee!"

  Tim Draper raised his head and said lightly.

  After finishing speaking, he really greeted the female secretary sitting in the secretary room next door and told the latter to make a cup of coffee.

   "I don't have time to drink any **** coffee right now, I just want to finalize the investment in Facebook as soon as possible."

  Howard was very excited. He had just returned from a business trip abroad, only to learn that the company had not started contacting Facebook.

  This made him very angry. This kind of work efficiency, what kind of investment should be made, I can open a coffee shop that sells afternoon tea.

  Draper stood up, his height of 1.9 meters was very oppressive, he looked at Howard, "Do you know how much the little guys are asking for? 300 million US dollars, or the starting price!"

  Howard shook his head, "Facebook is worth this price, I think I should agree to them.

  What about other venture capital institutions? Are you already in contact with Facebook? "

  Draper smiled, "That's not true, now everyone has put them aside, ready to calm these little guys."

  Hearing this news, Howard's eyes brightened and he said with joy: "You said that other investment institutions are not in contact with them now?"

  Draper nodded, and then found Howard had a surprised expression, smiled and said: "In fact, this is also the tacit understanding of several top capitals, ready to jointly suppress prices.

  These little guys are too dare to make a price. I don’t know who gave them courage. "

  Howard looked at Draper firmly, "I think we should talk to Darren and them now.

  This is a good opportunity. Only our family of venture capitalists will talk to them. Hopefully, we will win this project with a valuation of 300 million US dollars.

  While other institutions are still on the sidelines, pluck this mouth-watering fruit in one fell swoop. "

   "Man, you are crazy!"

  Draper stared into Howard’s eyes, and his voice was raised eight degrees: "The pre-investment valuation of 300 million US dollars, we want to occupy 20% of the shares, which means that we have to invest 75 million US dollars, and the post-investment valuation is 375 million US dollars.

  For smaller funds, this investment will account for nearly half of the capital.

  If the investment fails, it means that other projects invested by this fund must earn twice the return in order to protect the capital.

  The investment amount is too large and the investment risk is too high. Facebook is not worth it. "

  Howard argued, “I think Facebook is worth our risk. Darren is a great guy with a good vision. Scape is about to raise a round of funding, do you know?”

  "Howard, these are two different things. This can only prove that the young man has investment vision, but it does not show that he has any unique advantages in starting a business."

  Howard laughed blankly. He felt that Draper was a bit lost after his success.

  "Let me tell you one more thing. I was on a business trip in Canada this time, and there was a university nearby, so I went to the school and strolled around.

  I asked these students if they had heard of Facebook? There is a campus social networking site like Facebook, will they use it? "

  Howard looked at Draper and said with a smile: "Guess what, how did these students answer me?"

  Draper frowned, “At most, these students have heard about the various functions and found it very interesting. After they enter the campus, they will also register an account!”

  Howard nodded, "Some people answer me this way, and some people don't."

  Draper smiled and said, "Those people are not interested in Facebook, are they?"

"wrong."

  Howard shook his head with a serious face, “Another part of the students said they knew about Facebook, and college students across the U.S. were using Facebook. They expressed their envy and sighed that it would be great if Facebook enters Canada.”

   "Are you sure you are not kidding me? Today is not April Fool's Day."

  Draper saw Howard had been stern, his face was finally moved, "Facebook is so famous? Has it spread to Canada?"

  Howard nodded, “It’s not that Canada and the United States don’t communicate with each other. Facebook is so popular on American campuses, so naturally many students will know.”

  Draper frowned, "So, isn't Facebook able to easily take the Canadian market?"

  Howard said blankly, "A Canadian market is nothing, I just want to express the popularity of their website.

  This is a very potential website. If you miss it, you will regret it for a lifetime. "

  Draper asked: "Then why didn't they enter Canada?"

  Howard smiled and said, "I'm afraid you have to ask the founder of Facebook about this."

  Draper is also a decisive person. After thinking about it for a while, he said: "You can contact Darren and say that we are going to talk to him."

  Howard raised his head and glanced at the ceiling, "Then he asked about the valuation?"

   "Pre-investment valuation of 300 million US dollars, DFJ has invested!"

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  (End of this chapter)