Chapter 329 Ten Years Agreement

   "I haven't heard of a startup company whose B round valuation has reached 10 billion U.S. dollars, never before!"

  Rather than waiting for the old man Gates to speak, a middle-aged white man with a Mediterranean hairstyle and a hawk nose was the first to speak.

  His eyes were torch, looking straight at Xia Jingxing, as if he wanted to see through the latter's careful thoughts.

  "Mr. Ballmer, since the establishment of Facebook, we have been making history, creating the world's largest A round of financing with 100 million users in three years.

  I think we are worthy of this valuation. "

  Xia Jingxing looked at this old man who was about the same age as Gates, and said neither humble nor arrogant.

  "It hasn't reached 100 million users yet."

   Ballmer's mouth is very hard, Microsoft has money to rich, but it is not taken advantage of.

  He thought that the Chinese boy in front of him took them as a fool and slaughtered them.

  This old man is no ordinary person. He is the current CEO of Microsoft and the future owner of the NBA Clippers. At this time, he is worth tens of billions of dollars. After more than a decade, he is worth as much as fifty to sixty billion dollars.

  The experience is also quite legendary. When he joined Microsoft, the company had been in existence for four years. He was neither a co-founder, nor an investor, nor a key veteran. At that time, he joined Microsoft under the number 30.

  Why can you get a few shares of Microsoft?

  This is because Ballmer signed an agreement when he joined Microsoft as a business manager.

  Not only can he get a basic annual salary of about $50,000, but he can also get 10% of the profit growth he achieved.

   Later, Microsoft's business was booming, and Ballmer's agreement became a stumbling block to the company's development.

  Under the coordination of the venture capital company, Ballmer gave up the share agreement and converted his interest in Microsoft into an eight-point share.

  Paul Allen did not agree to give Ballmer eight shares. In the end, the old man Gates sighed with emotion and gave up a portion of his shares.

  The old man Gates and Paul Allen have been reducing their holdings and optimizing their asset portfolios after they went public in Microsoft.

  But Ballmer did not. By 2020, he still holds about four points of shares in Microsoft.

  What other working emperors are weaker than this one!

  Xia Jingxing knows that this person has an extraordinary position at Microsoft, and he is not an ordinary professional manager.

   Instead, he laughed and joked, "Will we talk about it in three months? There will be 100 million users by then."

   Ballmer did not answer, and looked at Gates.

  Gates smiled and said, “Isn’t it a ten billion dollar thing? I agree with this valuation.”

  A smile appeared on the faces of Facebook executives such as foreign girls and dogs who were listening.

  As expected to be the richest man, his work is so magnificent!

  Ballmer's complexion is a bit calm, this agreement is too hasty!

  Gates noticed Ballmer’s face, smiled, and said, "But..."

   Gates glanced at Xia Jingxing and other Facebook executives, and then said: "But I have a small request."

   "What's the requirement?" Xia Jingxing asked.

  "The cooperation agreement between Facebook and Microsoft is extended to ten years!"

  Hearing this, Ballmer finally laughed. Gates was the same Gates he knew, and he did not have dementia.

  Bying search for ten years, Xia Jingxing felt that Old Gates wanted to bind Facebook to death.

  Let’s not talk about whether there will be any surprises in the development of Bing or Facebook in the past ten years.

  If Facebook develops better and better, then Bing search will make a profit.

  FAAMG Among the top five US technology giants, Facebook’s biggest competitor is Google, because both are based on advertising monetization.

  Advertising revenue accounts for nearly 90% of Google’s total revenue, while Facebook accounts for 98% and 99%.

  Although the two companies have different business formats, in the end traffic is directed to advertising.

  Blocking the way of money and money is like killing a parent.

  Google has never stopped its social ambitions. Xia Jingxing judged that as Facebook shows the potential of social advertising, Google's counterattack will only be greater in the future.

  And if Facebook provides social data to the Google search engine, so that it has the opportunity to crawl social data, will the other party honestly give up the idea of ​​social networks?

   is basically impossible.

  Capital is always greedy and will never stop reaching out to any profitable corner.

   Facebook and Bing search cooperation. I can't guarantee anything else, at least it can guarantee that Bing will surpass Google in the social search business.

  If you don’t give Google a chance to spy on their opponents from behind, all Google’s attention will be on Facebook, and the pressure will be great.

   Therefore, the cooperation between Facebook and Microsoft is almost an inevitable result.

  Amazon concentrates on e-commerce, Apple concentrates on hardware, and has no competitive relationship with Facebook for the time being.

  Xia Jingxing thought and weighed carefully in her mind.

  This scene fell in the eyes of Gates, and it became a kind of hesitation.

  Then the old man said a little displeased: "Daren, do you have fantasies about Google, Yahoo?"

   Ballmer also looked at Xia Jingxing indifferently, cooperated with Gates and silently put pressure on Xia Jingxing.

   "I didn't hesitate!"

  Xia Jingxing said lightly: “It’s okay to ask Facebook to sign a ten-year cooperation agreement. Microsoft must guarantee that it will not enter the social network.”

  He has not forgotten that in addition to the instant messaging tool MSNMessenger, MSN will also launch MSNSpace in the future.

  Microsoft also has ideas about social networks. After all, social data is in the hands of partners. How can it be safe in your own hands?

  However, social networks are no better than others, and the siphon effect is obvious.

  Yahoo, Google, Microsoft, and even Apple and Google have all tried social networking, but without exception, all of them have failed.

  Even if Google+ does the best, the best is unavoidable to be shut down.

  Though none of these products threaten the already-fingered Facebook, Xia Jingxing still wants to use this as a bargaining chip to ask for some benefits from the old man Gates.

  Sure enough, Xia Jingxing's sentence immediately hit Microsoft's painful foot.

   Ballmer jumped up like a cat with its tail stepped on, and sternly said: "You know, it's not that Microsoft is asking to invest in Facebook.

  There are many young people who want to get Microsoft investment! There are too many to go from Silicon Valley to Seattle.

  Do you think that besides Microsoft, is there any other investment institution that can value your small company that has been established less than three years a year at 10 billion U.S. dollars?

  Don’t talk about the Russian investment institution DST. Everyone knows what premium factors are involved.

  DST voted for you, everyone will not agree with this tens of billions of dollars of valuation.

   And Microsoft voted for you, that Facebook is a real ten billion.

  This is the endorsement of your brand from the world's most valuable technology company! "

   Ballmer saw everyone staring at him, and then a little reduced his tone: "Young man, Microsoft has given Facebook such a high valuation, I'm afraid we all need to explain to stock investors.

  This is not an easy task, we also need to bear considerable pressure and risks.

   Just enough, it’s good for everyone. "

  Gates remained silent, allowing Ballmer to put pressure there.

  Large companies also have their own pride, and Xia Jingxing’s request for such a request really slapped them in the face.

  Xia Jingxing took a deep breath. After all, Microsoft still did not treat Facebook on an equal footing, and felt that it was a great deal of face to invest in Facebook.

  Now Facebook wants to restrain them in turn. Isn’t this a joke?

   agreed, it is a laughingstock to spread it out.

  Thinking of this, Xia Jingxing felt that he had to put up his breath for the time being.

  But he will not let the other party hold it, coldly said: “Then sign a five-year contract! The cooperation period will continue until the end of the first quarter of 2010. After the expiration, Bing will still have the priority to renew the contract.”

Ballmer still wanted to talk, but Gates stopped him. He was afraid that young people would have a bad temper and would really set the table up. The scene was not beautiful. In the end, he forced Facebook to cooperate with Yahoo and Google, which was even more stupid. The gain is not worth the loss.

  Five years is not too short, enough for Bing to gain a place in the search engine.

   "Okay, then five years!"

  Gates said with a smile, drawing the final end to this matter.

  After reaching an agreement, the atmosphere in the office eased a lot.

  Gates took the initiative to speak with Xia Jingxing and began to repair the relationship between the two parties.

   "Darren, I heard that you also have a hedge fund. I have a good relationship with Buffett. I can introduce you to you.

  That old guy has a set of investments, and he likes to communicate with young people. You might gain something from him. "

  Business belongs to business, Xia Jingxing also quickly adjusted his mentality and said with a smile: "Okay!

  But, I can say yes first, if you have to pay for the auction qualification, forget it, you can’t afford such an expensive dinner. "

  Gates laughed loudly, “No, no, it’s all a lie to the foreigners. As my friend, if Buffett dares to collect your money, I won’t play table tennis with him next time.”

  ……

  (End of this chapter)