Chapter 471 LinkedIn Company A Round of Financing
March 5.
Today is the first day of LinkedIn's relocation from Silicon Valley to Seattle's Wald Industrial Park. At the same time, there are less than two days left before LinkedIn's third anniversary.
At this moment, as many as a dozen LinkedIn executives have gathered in the huge, brand-new conference room.
LinkedIn CEO Jeff Weiner, one of the highest-paid professional managers in the original time and space, is also sitting here.
However, the top spot is vacant.
Because the protagonist of today's meeting is Zucker!
"Mr. Weiner, I have to say that the new location of the company's headquarters is better than the original." Morian Zilla, director of the research and development department, sighed.
"That's right."
George Vicaster, director of marketing, echoed: "When we were in Silicon Valley, we shared a building with Water World Animation. Yes, the Wald Building has eight floors and is not small. However, Water World Animation is a world-renowned animation production company, with more than 300 employees in the headquarters alone. Well, we have a lot of people on LinkedIn, and sharing a building is too crowded.”
Water World Animation Company, a listed company in the US stock market, has a market value of more than 2 billion US dollars, which is much higher than LinkedIn's valuation.
To be honest, LinkedIn is a little embarrassed in the face of Water World Animation in Silicon Valley.
Who makes you inferior?
"Hehe, it's different now. After LinkedIn moved to the Wald Industrial Park in Seattle, we occupied the best location for the first phase of the industrial park. There is an 8-story company main building and two 6-story administrative buildings. Building, three 5-story buildings of various departments, um, and a 7-story R&D building."
De Mora, the chief financial officer, said with a smile: "For now, our new headquarters of LinkedIn is enough to accommodate 1,000 people working at the same time, which is more than enough."
During the conversation, the faces of everyone could not stop smiling.
No idea!
The facilities in all aspects of the company's new headquarters completely exceeded their psychological expectations. Every employee of the entire company Yamashita is very satisfied.
Even some employees who came to work in Seattle away from home,
After the company paid a lot of money to settle down, they were all very satisfied.
"boss!"
At this moment, all the executives in the conference room got up together. After all, the big boss Zhu Ke is here!
Zu Ke sat on the top of the table and said straight to the point: "The company has just moved into the new headquarters, and you have a lot of work in your hands. I believe that you don't want to spend your precious time here."
Hearing this, many people laughed.
Finance Director De Mora: "It's still boss, you understand me, long live. We moved into the new headquarters, and a large number of equipment has just been purchased. Our financial department has been busy with accounting recently."
Wei Long, one of the executives of the administrative department: "Our administrative department and the personnel department are busy recruiting local graduates in Seattle recently. Time is not for me!"
Zucker nodded and said, "I'll keep it short."
The voice fell.
Everyone present, including CEO Jeff Weiner, was in high spirits.
"As of the end of February 2001, on the occasion of the third anniversary of the establishment of LinkedIn, we will officially usher in the first A round of financing and share expansion since the establishment of the company."
“According to professional financial magazines such as Fortune, Time, and Bloomberg, as well as a number of professional investment banks such as Goldman Sachs and Morgan, they have made professional assessments of our LinkedIn to varying degrees. Our current assessment of LinkedIn Worth...$420 million!"
Zucker looked around the crowd.
$420 million!
In just 3 years, Zhu Ke invested as much as 100 million US dollars before and after, and achieved such excellent results!
Especially after the Internet bubble in the early 2000s, LinkedIn is still standing, but it is thriving. Looking at a group of emerging Internet companies, it is definitely a rare existence.
CEO Jeff Weiner followed up: "If it weren't for the impact of the Internet bubble and the cooling of the market, our LinkedIn valuation would definitely exceed $800 million."
The big wave of the Internet bubble was not completely over in early 2001, and many Internet companies were still in a situation of shortage of capital chains.
"Lack of liquidity...and so do we at LinkedIn!"
Jeff Weiner said solemnly: "Everyone knows that the valuation of our company is growing rapidly, but since the company was established only 3 years ago, our book has been in a state of loss, which makes us have to be cautious."
Losing money, burning money, planning the number of users, expanding popularity and influence...
All this has always been a topic that Internet companies cannot avoid.
Without sufficient capital investment and strong allies support, how to defeat the new online recruitment and network employment companies on the market?
"well said."
Zu Ke looked around the crowd and added: "Our LinkedIn company is one of the earliest Internet job placement companies, and it is also the most influential and powerful company in online recruitment and online job placement. Type companies are catching up, if we are not careful, we will be surpassed!"
The existence of peers and fierce competition is indeed a huge pressure!
If you want to secure the top spot in the industry, you must speed up development!
A round of financing is imminent!
......
......
a few days later.
The third anniversary of the founding of LinkedIn was held as scheduled.
A large number of local business leaders in Seattle have all arrived; partners in Silicon Valley have also made a special trip;
Extraordinarily lively!
On the third day after the third anniversary celebration, LinkedIn's Series A financing attracted a large number of powerful companies and rich people.
In fact, long before LinkedIn announced that it would launch a Series A financing, many bigwigs had their eyes on LinkedIn.
For example, Bei Guangtou, the owner of Amazon.com, proposed to Zu Ke more than once when LinkedIn was established less than half a year ago that he wanted to take a stake in LinkedIn.
Likewise, on the Microsoft side!
Furthermore, Heidrick & Struggles, known as one of the "Top Five Global Headhunters", has also wanted to participate many times;
LinkedIn is like a sweet rhythm!
These companies that want to invest in shares are all giant companies in various industries. They need money and money, and they need strength and strength.
However, it is also necessary to prevent the store from deceiving customers!
Especially Microsoft!
Throughout history, Microsoft has invested in many companies, and then continued to make additional investments, gradually diluting the shares of the founder's management team and turning it into a Microsoft subsidiary.
Microsoft is notorious!
Of course, Zucker himself has also done things like kicking out the founder of the company and occupying other companies. Such as McAfee (antivirus) company.
Others worry that Microsoft will occupy the magpie's nest, but Zu Ke is not afraid!
Zucker has the strength and is fully qualified to have an equal dialogue with Microsoft.
The second update of "" was sent, and the minister continued to open the third update.