Chapter 2479 An Investment that Cannot Be Refused

Palo Alto, California, USA.

Speaking of Palo Alto, maybe not many people know about it, but when it comes to Stanford University, more people definitely know about it.

The city of Palo Alto is the seat of Stanford University, and in the past few years, another company that people can worship has settled in-Facebook.

From a small app that was popular among high school students and college students to today's valuation of 35 billion US dollars, Facebook has already created a history.

Many people are speculating that if Facebook is going to IPO, its valuation should be at least $100 billion.

When GOOGLE went public that year, the IPO valuation was only over 20 billion, a gap of more than four times.

Especially its founder Mark Zuckerberg, who is only 25 years old this year, is even more crazy.

In this world, if there is no Xiao Qi, then Zuckerberg is the most dazzling one in the starry sky.

Even so, as the pride of Americans, Zuckerberg is still so respected by others. Although he has made many mistakes, although he is so stubborn and even paranoid, his great success is enough to cover up many shortcomings. Let him become the idol of countless people.

According to Zuckerberg's 38% Facebook shares, his current assets are 13.3 billion U.S. dollars. If it is listed, this asset can continue to double.

Owning assets that most people in the world can't hope for in a lifetime, Zuckerberg has not had much happiness during this time.

the reason is simple.

Facebook, which is expanding rapidly, has encountered a serious financial crisis. Not to mention the need for more money for expansion, its own capital chain is also in danger of breaking.

Of course, in a practical sense, Facebook will not be short of money.

Because the largest shareholder of Facebook, Tang Mingxiang, the president of Chose girl who owns 40% of the shares, is a super rich woman in her own right, with a cash flow of at least 10 billion U.S. dollars, so countless entrepreneurs who need to invest flock to her Step forward to ask for package X. But it seems that there are not many companies she likes, and she recently bought a Tagged website.

But if changed to Facebook. Zuckerberg believes that Tang Mingxiang will definitely be willing to help.

It’s not that Tang Mingxiang is not good. In fact, Zuckerberg likes Tang Mingxiang as a collaborator very much, because she does what she says, and all 40% of the voting rights of the shares are handed over to herself. On weekdays, even the company’s annual meeting If you don't participate, it's completely equivalent to throwing away the shopkeeper.

Such investors are Zuckerberg's favorite.

But Tang Mingxiang already controls 40% of Facebook shares. If she is allowed to participate in the shareholding, if it reaches more than 50%, even if she signed an agreement to waive voting rights before, since her total shareholding has exceeded 50%, it fully meets the holding requirements of American law. , Want to completely control Facebook, even if Zuckerberg owns the shares of the secondary structure, facing this situation. I am afraid it is also very headache.

So Zuckerberg doesn't want Tang Mingxiang to contribute money, even if there is no other way in the end, he will only want Tang Mingxiang to increase his investment by 5%.

Or simply issue additional shares again. Financing for share expansion, even if Tang Mingxiang wants to buy shares. That can only be a dilution of shares.

For this matter, Facebook's CFO York, who is in charge of financing, has been a headache for the past two months.

Zuckerberg's requirements are very strict. Not only does he require secret contact, but he should try not to let the outside world know. The most important requirement is that the funds involved must be large, and the investment must be from a large company, and then the rights and interests given to them are very small. This makes many powerful angel investment companies hesitate.

Although everyone knows that Facebook is good. But investing is for income.

If you invest so much, you get so little return. It is difficult to explain to investors.

Not only the price increase of shares, but also the rights and interests of participating in the company's operation are very important.

Otherwise, Zuckerberg can do whatever he wants, ignore the interests of these investors, sell shares at a low price, or bring down Facebook?

But it is too reluctant to let them give up Facebook.

This kind of entangled mentality of investors, coupled with Zuckerberg's more entangled mentality, made financing even more tortuous.

Yesterday, a friend introduced a DST investment fund company to York. Seeing that DST has a lot of investments in the electronic technology industry, it is also a well-known investment fund, so York also decided to meet the president.

When Milner entered York's room, he didn't despise York at all because he was only in his twenties, with a trademark kind smile on his face, "Mr. York, I'm Yuri Milner, hello."

"Hello!" York smiled and asked him to sit down, "Mr. Milner, I think you have heard that before you come here, we Facebook is not short of funds, but we welcome every investor attitude, so I would like to hear your thoughts."

No shortage of funds?

Milner chuckled secretly.

It is no secret that Facebook is quietly looking for large investment companies in the upper-level structure of the limelight world.

However, in order to take care of Facebook's face, Milner still nodded with a smile, pretending not to know, "It's like this, I am very optimistic about the future of Facebook, and I also appreciate Mr. Zuckerberg's ingenuity. And it just so happens that I I have an investment in my hand and want to invest in a company worth investing in, so I came to Facebook to try it out and see if there is any opportunity for cooperation.”

"Oh, how much do you plan to invest, and what do you hope to gain? You can talk about the rights and interests." York smiled, but in fact he was not very interested in this Russian guy.

"I have a new fund from the richest people in the world in my hand, which is very rich in funds." Milner said calmly, "If possible, I hope to invest 5 billion US dollars in it and become a member of Facebook."

"5 billion... what!?" York repeated, before he was startled, his eyes widened: "5 billion dollars!?"

Although the Americans are very rich, but now is the period of the financial crisis, Goldman Sachs, Green Pine, etc. are the super bosses who can contribute 2 billion US dollars. Why did a Russian come out of nowhere and want to vote 50 in one breath? Billion dollars?

No kidding! ?

"Five billion US dollars, if you are willing to accept, the funds will arrive within three days." Milner was very satisfied with York's shock.

"You... what do you want?" York swallowed and became serious.

"Whether you are selling shares or financing for share expansion, I hope to get shares equal to the market valuation." Milner said, "Besides, I have no interest in the company's operations, nor will I Participate in the operation of the company, and I don’t care how you use it. In a word, I will not exercise the rights and interests of shareholders, I only need to enjoy value-added and dividends.”

"You come with me!!"

York stood up suddenly, his face flushed with excitement, "Let's go see the president!!"

Meeting such a "fool" is simply an investment tailored to Zuckerberg's requirements!

Milner also stood up and smiled slightly: "Thank you!"

...

A moment later, in the reception room, Zuckerberg listened carefully to what York and Milner had said, and his slightly indifferent eyes could not help but flash a hint of expression.

"The valuation of 35 billion US dollars is far from applicable to the current Facebook. I think it can be higher." Zuckerberg said, "But since your sincerity is so sufficient, Mr. Milner, I think that with 40 billion US dollars Valuation is more suitable for share expansion financing, after the share expansion, 12.5% ​​of the shares will belong to you, what do you think?"

"To be honest, such a valuation is a bit high for me and my investors." Milner shook his head. Although he wants to invest in Facebook, he still has to fight for it: "If you can With a valuation of US$38 billion for share expansion financing, I can invest US$5 billion. But if it is a valuation of US$40 billion, I am afraid I can only invest US$4 billion.”

Received 5 billion US dollars from Xiao Qi, and Milner's investment plan has also been flexibly changed.

Xiao Qi's complete decentralization will also allow Milner to deal with investments more adaptably.

After a pause, seeing that Zuckerberg wanted to speak, Milner threw out his bombshell again: "Mr. Zuckerberg, we can promise you that the shares we purchased will be released after the Facebook IPO. We will sell all of them within three years, and will not occupy the position of major shareholder for a long time. We just want to make money, not to compete with you for power."

Zuckerberg's eyes lit up.

If such an agreement is signed, then three years later, when they sell their shares in the stock market, the shares will definitely be bought by many people, then the shares will be further dispersed, and one major shareholder will be reduced in the company, thus making their own power More concentrated.

An investor who eagerly sends money without any attempt to gain power, but just wants to make money, is more popular than Miss Tang Mingxiang!

As a hero, Zuckerberg made a decision in an instant: "If what you say now can be written into the contract, then we welcome DST to invest 4 billion US dollars and join the big family of Facebook!"

Milner laughed and held out his hand: "I wish us a happy cooperation!"

"Happy cooperation!"

Zuckerberg laughed when he shook hands with him.

This is really exciting financing news! (to be continued ~^~)