Chapter 413 With this little money, it’s hard to get things done (seeking a monthly pass)

  Sitting in the comfortable and spacious back seat of Phantom, Xia Jingxing tilted Erlang's legs, the whole person seemed very relaxed and comfortable, but in fact, he was listening carefully to Ricky's report work sitting next to him.

  "Daren, Yelp (Yelp) was founded in October 2004, co-founded by former PayPal engineers Jeremy Stoppelman and Russell Simmons.

  In the first year of establishment, they established themselves in the San Francisco market and became the entertainment guide for the new generation of local Internet workers..."

  Ricky briefly introduced the development history of Yelp, and talked about the current situation.

  "At present, they are looking for opportunities to expand to other cities.

  But they also have a heavyweight opponent, the Internet review site Citysearch (city search), which was founded in the 1990s.

  This website was established earlier than Jerp, has more users and covers a wider area.

  In addition, Yerp will help them to create information and archive pages on the platform for free for the restaurants and various shops that have settled in.

  But in order to gain more exposure, the store needs to purchase advanced services launched by Yelp.

  However, I have learned in detail that this service is not selling very well.

  In addition to this profit model, Yelp did not find other viable profit methods.

  Generally speaking, Yelp is still in its infancy stage. From products to business models, there are still some immature flavors. "

  Xia Jingxing nodded. Yelp is actually the American version of "Dianping", a website that provides local life services. Users can find restaurants, make reservations, and write dining experiences and rate restaurants after the meal.

  "How did you talk to the two founders? What is their attitude?"

  Xia Jingxing smiled and looked at Ricky. After he learned about the Yelpu project from Qiu Zhiyi, he did not go out in person, but gave Ricky the full authority to follow up.

  Ricky, as the head of the rainwater fund, has joined the company for some time, but has not formally invested in the first project.

  Xia Jingxing handed this matter to him, in addition to allowing the other party to complete a historic breakthrough, there was also a sense of comparison in it.

   "Good chat!"

  Ricky shrugged, "They heard that our Envision Capital invested in LinkedIn, and Peter Thiel invested in Facebook, so they are born with us to a certain degree."

  Xia Jingxing smiled, the well-known "PayPal Entrepreneur Gang", except for Musk's disharmony with him, other people get along with him very well.

  Invisible, this also broadened his contacts and won the reputation in the industry.

   "What then? Are they willing to accept capital injection from Vision Capital?"

  Ricky smiled faintly: "We have talked about the valuation and the scale of financing, and they generally tend to agree.

  Just before officially finalizing the cooperation, they hope to meet you, the real boss. "

  Xia Jingxing has no doubt about him. Even if they don’t ask him to meet, he will have a chat with them.

  The decision-making process and operation mode of each venture capital company are different.

But most of them are investment managers looking for projects around, and the talks are almost done. They are finally handed over to the investment committee to make a decision, or arrange for entrepreneurs to meet with the founding partners, the real big bosses of venture capital companies. The big boss "face each other" to see if he can make a difference.

  The car parked in front of an office building in San Francisco. Xia Jingxing, Ricky and Zhang Chenguang got out of the car and walked into the office building together.

  Yelp has only completed an angel round of financing of one million US dollars invested by the MRLVentures entrepreneurial incubator, so in terms of financial strength, it is still not strong, and it is still squeezed into the office of the entrepreneurial incubator.

After Xia Jingxing, Ricky and Zhang Chenguang walked into the business incubator in the building, they saw dozens of young people working in the open office area at a glance.

  The office environment is pretty good. At a glance, it looks like a large Internet company.

  In fact, these dozens of people may belong to dozens of different companies.

  These young people are very focused, sitting in a simple and plain office chair, looking at the computer screen without blinking their eyes.

  There are also young people sitting together in twos and threes, discussing products, and popping up a few professional terms from time to time.

  The arrival of the three of Xia Jingxing did not disturb the entrepreneurs gathered here at all. Many people raised their eyelids and then continued to work at their desks.

   "Daren!"

  A young man in his twenties with messy black hair and a chicken coop suddenly jumped up from the work station and walked quickly towards Xia Jingxing.

  Such a big movement finally attracted the attention of other young entrepreneurs and whispered to each other.

"this is?"

  Xia Jingxing was taken aback by the sharp drink, and saw a black-haired young man walking towards him quickly, and hurriedly asked Ricky.

  "This is the founder and CEO of Yelp, Stoppelman."

  Hearing Ricky’s words, Zhang Chenguang quietly moved back to his body.

  Just now, he was also taken aback by the sharp drink. Someone suddenly called the name of the boss. He did not hesitate to rush forward and block Xia Jingxing's body, keeping his eyes on the foreigner who rushed towards them.

   also paid special attention to whether the foreigner was carrying any sharp weapons on his hands and body, and whether there was any malice on his face.

  Now the threat is temporarily lifted, and he stands beside Xia Jingxing, secretly guarding himself.

  "Daren, it’s nice to meet you, I’m your fan, Jeremy Stoppelman, just call me Jeremy."

  The young man was very enthusiastic. After approaching Xia Jingxing and his party, he smiled and handed out his right hand to Xia Jingxing.

   "How many centimeters?"

  Xia Jingxing muttered in his heart, thinking that the name is still great, but fortunately this brother did not go to study in China.

   "Hello, Jeremy, I am also very happy to meet you."

  Xia Jingxing also opened his mouth, and after shaking hands with Jeremy, he looked around for a while, but found that a large number of foreigners were watching.

  Jeremy realized that he was careless, and just shouted so loudly, I guess everyone here has heard it.

  He himself has been in the business incubator for so long, and he naturally knows how hungry these difficult brothers and sisters around him are.

  As long as the incubator comes to invest in people, all eyes will inevitably shine green.

  Now there are big entrepreneurs and investment crocodile like Dai Lun, this is not bad, all of them look like they are ready to pounce at any time.

  Jeremy also noticed that several people were rummaging through boxes and cabinets, looking for various documents. They should be looking for business plans.

   "Everyone, come with me!"

   Jeremy did not dare to stay for a long time, guarding Xia Jingxing and his party, walking to his company's work station in the "Wolves Watching".

  Looking at Jeremy looking desperately protecting the food, many young entrepreneurs temporarily extinguished their careful thoughts and watched Xia Jingxing and his party leave.

   "This is my partner, Russell Simmons."

   brought people to the work station, and Jeremy began to introduce Xia Jingxing to a big golden retriever who was standing up and preparing to greet everyone.

   "Daren, nice to meet you."

Russell is weak in style, in his twenties, with light blond hair and a non-mainstream haircut, like Fahrenheit. The whole person looks like his head is bigger and his body is not so big. coordination.

  Xia Jingxing shook hands with Jin Mao, looked around, and asked, "Is there a quieter place?"

   "There are some, come with me!"

   Jeremy said, he and Russell hurried forward to lead the way, and brought the three of Xia Jingxing to the shared office of the incubator.

  Greeting to Xia Jingxing and the three of them to sit down and pour a cup of coffee for each of them, Jeremy said with a smile, "The environment here is relatively simple, don't dislike it, Darren."

  "How come? It's better than Stanford's startup incubator."

  Xia Jingxing picked up the coffee and gestured to Jeremy, "At least there is coffee to drink."

  After speaking, Xia Jingxing picked up the cup and brought it to her mouth, taking a sip.

   Seeing Xia Jingxing's so grounded, Jeremy and Russell were relieved a lot, with smiles on their faces.

   "I heard that you two want to have an interview with me?"

   Put down the cup, Xia Jingxing glanced at the two of them, and said lightly.

   "Yes, Darren, we are very satisfied with the terms and conditions issued by Envision Capital..."

  Speaking of this, Jeremy paused and met his partner's eyes once before looking at Xia Jingxing again.

He gritted his teeth, and said: "Yelp wants to develop a function that recommends restaurants and shops to each other among friends. We want to talk to Darren and see if we can introduce Yalp's cooperation with Facebook. a bit."

"That's it?"

  Xia Jingxing saw the two of them hesitating and wondered why something was so extraordinary.

   "Yes, that's it!"

  Jeremy added: "Can you? Darren, we really want to launch this feature."

   "It's okay, but it's okay, but I heard that you only raised 5 million U.S. dollars."

  Xia Jingxing shook his head lightly, frowned and sighed, “It’s hard to get things done with this little money!

  You want to use this sharing function to use Facebook’s relationship chain for viral marketing. Am I right? "

  Thinking about myself carefully, it was all seen through by the opposite young man who was several years younger than him.

   Jeremy was heartbroken, and finally stopped hiding, and began to elaborate on his plan.

  (End of this chapter)