Chapter 652 The Boy Who Gives Money

Just on Friday, Paulson and his colleagues announced the largest rescue plan in history, a $700 billion comprehensive economic rescue plan. The rest is for the Treasury Department to submit the plan to the U.S. Congress for approval. The market is full of confidence in this.

   Stanley and Goodman finally got a breather.

   It is not only these two companies that have gained a respite, the global market has breathed a sigh of relief.

  But for Zhong Shi, there is no possibility of respite this weekend. In addition to continuing to deploy in the German market, he has to rush to San Francisco, where he has an appointment with Facebook CFO Gideon Yu.

  Gidden. So a Korean-American, not tall, dark-skinned, with a typical Korean single eyelid. The proportion of Asians in Silicon Valley is very high, but it is still very rare to be able to sit in the position of CFO. Gideon Yu is not only the CFO of Facebook, but also the CFO of the video site YouTube. This resume is enough to prove his identity.

  When Zhong Shi's special plane landed at San Francisco International Airport, even Gideon Yu, who was well-informed, was really shocked by Zhong Shi's wealth.

   "Mr. Zhong, thank you very much for coming, it is really our honor. We have prepared a special car for you, now go to the Bay Area?"

  San Francisco is San Francisco, the pearl city on the west coast of the United States. Because the winter is warm and the summer is cool, the climate is suitable, and the sunshine is abundant all year round, it has become "the most popular city among Americans". And because Stanford University, University of California, and many high-tech enterprise headquarters are located here, the high-tech industry in the entire Bay Area is developing vigorously and rapidly, forming the world-famous "Silicon Valley".

  Silicon Valley, located in the south of the Bay Area, was originally just an orchard and vineyard. But since the rise of research and production of silicon-based semiconductor chips, it has become synonymous with the high-tech industry. Famous companies including IBM, Google, Apple, etc. have moved their headquarters here, and now it is a holy place for the high-tech industry in the world. Countless new ideas are born here every year, and countless new companies are born as a result, attracting investors from all over the world.

It attracts one-third of the venture capital funds in the United States every year, and countless PEs are stationed here. Therefore, even if it is as expensive as Zhongshi, when you want to make this deal, you have to fly over from Hong Kong in person. Show sincerity.

   In return, Gideon also gave enough face. Originally, Zuckerberg was going to pick up the plane in person, but due to some reasons, he did not make the trip temporarily, but the chief financial officer attended in person.

"Of course it's also my honor." Zhong Shi nodded with a smile, followed Jiden Yu, got into a stretched luxury Lincoln car, and said, "I heard that your company's cash flow has I have a little problem and want to conduct a new round of financing, is there such a thing?"

   "Yes." Gideon Yu admitted directly without any disguise, "However, we are now in contact with a lot of equity investments. I believe that as long as there are suitable conditions, our cash problem will be resolved soon."

"That's right, the king's daughter is not worried about marrying!" Zhong Shi continued with a smile, "It has to be said that the social network created by Mr. Mark has formed a brand new way of socializing, allowing people all over the world to communicate freely and without hindrance. .And in my opinion, by digging deep into the social network, you can do more meaningful things than simply making friends.”

"yes?"

  Gidden Yu's eyes lit up immediately, "Is Mr. Zhong logged into Facebook too? That's really great. I just don't know if I have the honor to be able to add a friend with Mr. Zhong?"

"Of course there is no problem!" Zhong Shi knew that Xirou was coming, so he didn't rush. After reporting his ID, he waited for a while, and then heard his blackberry mobile phone beeping. Gideon Yu's friend request.

After applying to become a friend, Gideon Yu just put down his phone and said, "Mr. Zhong, from the time you registered, it was two years ago. It seems that you are indeed very interested in social networks. This is really a big deal." It exceeded my expectations. By the way, just now you said that besides making friends, social networks can also do other meaningful things, I wonder if you can say more about it?"

"certainly!"

Seeing Gideon Yu's appearance, Zhong Shi knew in his heart that this business has already started a very good start, "Now, the information that people get through the Internet can be obtained within a year to a year and a half. It will double, which was unimaginable in the past. Maybe in the near future, people will make decisions based on information obtained from search engines or social networking sites. Users use social platforms to build their own social networking sites, it will Can play a similar role, whether it’s helping others or yourself.”

"On this platform, people can make friends, shop, invest, and even book hotel rooms. Nothing is impossible, only unexpected services can be inserted into social networking sites. This can become an all-encompassing A big platform, as long as you can make a choice, all services will be provided here, not just social."

"Of course, if the industry and market can be subdivided, there may be more functions. Compared with other professional websites, Facebook's advantage lies in its larger user base and wider coverage. This advantage is greater than that of any other platform. Nothing can compare. Therefore, if Facebook wants to acquire other websites in the future, we will fully support it.”

   "Mr. Zhong is really amazing!"

  After speaking, Gideon Yu was so amazed that he didn't know what to say, because what Zhong Shi said had already exceeded the content currently covered by the social network, and some of the content was in line with Mark Zuckerberg's philosophy. Gideon Yu believes that, regardless of valuation, Zhongshi may be the best investor in this round of financing.

Because of the economic crisis, various PE companies began to shrink their investment. Even if there are projects that seem to have very good performance, they no longer invest as much as before. They either care about valuation issues with the founders, or they hope to get more. voting rights. Because they know very well that the downturn in the stock market has affected their timing of exit. The longer the holding time of equity, not only affects the circulation cycle of funds, but also affects the return on investment.

  This is also the reason why Facebook has been unable to conduct a new round of financing in the absence of cash flow. We must know that although Facebook is currently one of the hottest Internet companies in Silicon Valley, in the face of the harsh environment, PE still depends on the return on investment. Many of them are not very optimistic about this company that is currently unprofitable and continues to burn a lot of cash.

  By chance, Andrew heard that the company was seeking new financing, so he reported the matter to Zhong Shi. After careful research, Zhong Shi felt that this company had great potential, so he immediately contacted Gideon Yu for a face-to-face discussion.

   So far, the two sides can only be regarded as preliminary contacts. If both parties are interested in this, then the two parties will continue to discuss further. The current valuation of Facebook and how much equity the other party sells will be the focus of debate, as well as negotiations on matters such as the board of directors and voting rights.

   "Mr. Zhong, hello, you look much more handsome than in the photo!"

   Half an hour later, accompanied by Gideon Yu, Zhong Shi stepped into the Facebook headquarters in the Bay Area. This is an open work platform, and each employee can design the work platform according to their own wishes. In addition to the work platform, coffee rooms, baby rooms, gyms, and even bedrooms can be found.

  Zhong Shi was amazed. While he was still looking around, a young man in a gray T-shirt came over and said to him with a smile on his face.

  Mark Zuckerberg, the founder of Facebook, graduated from Harvard University with brown curly hair and a very ordinary appearance. But smiling gives people a kind of intimacy, which is his personal charm.

   "Mr. Mark, hello!" Zhong Shi smiled and shook hands with the other party, pointing to the surroundings and sighed, "This place is really surprising. If I want to work here, I will definitely be very comfortable."

   "Really?" Mark Zuckerberg also laughed, "If you can come to work here, I will definitely give you the position of CEO."

  Both sides laughed.

  After a visit, the meeting officially entered the negotiation stage.

   "A quotation of 120 million US dollars, in exchange for 1.5% of common shares, with corresponding voting rights, and a valuation of 8 billion US dollars."

  As soon as they arrived at the negotiating table, the expressions of both sides became serious, and there was no laughter. After all, business is business. Zhong Shi first gave Andrew's assessment.

   It should be said that the price is a bit low. But precisely because the current market is not good, Andrew intends to take the opportunity to lower the price. Zhong Shi has no intuitive concept of the accuracy of this valuation, but since it was made by Andrew and his team, he will first discuss it based on this quotation.

   "The price...I'm afraid..."

Although Mark Zuckerberg was also present, it was Gideon Yu who was in charge of the negotiations. This CFO is a professional, so it is not easy to be fooled, "First of all, we plan to sell 2% of the shares. In addition, our valuation At $12 billion. In other words, we plan to raise $240 million in this round.”

   "The gap in the middle is so big?" Zhong Shi touched his smooth chin, noncommittal. But he knew very well in his heart that this was a negotiation skill, "Well, let me ask my team first."

   As he spoke, he took out his mobile phone and called Andrew in front of the other party. When the other party told him that the valuation was only 10 billion US dollars at most, Zhong Shi felt his sense of proportion.

"A valuation of 10 billion US dollars, 2% of the equity transfer, 200 million US dollars." Zhong Shi said, "In addition, in terms of voting rights and board seats, I don't seek, I will give them all to Mr. Mark. I don't know about such conditions. Are you satisfied?"

   "What?" Gideon Yu stood up in surprise, unable to believe his ears.

   This is simply giving away money!

   Thanks to book friend Pudding*cat for voting monthly! Looking back, I wrote too little this month, and I am too embarrassed to ask for votes at the end of the month. As long as all book lovers are still paying attention to this book at any time, the author is already grateful. There are always all kinds of unexpected troubles in life, as well as unexpected gratitude and touch. No matter what, this book will definitely continue to be written, and I guarantee that there will be no eunuchs. Everyone must believe in this. Thank you again for your active attention. I hope that the results of this book will still turn around after going through the bottom. Thank you~

  

  

  (end of this chapter)