My Age of Investment

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Dating.com and Facebook are fighting, ordinary users are eating melons, and investors are also watching.

The attitude of several venture capital institutions that were originally in contact with Facebook has cooled down.

It's all just grass, so naturally it depends on who is the ultimate winner in this social battle.

Otherwise, the bet is wrong, and it is really a waste of money.

On the whole, the media, investors, and ordinary users are still more optimistic about Dating.com, and less optimistic about Facebook.

Because the dating network is open to all groups, not limited to college students.

Also, the dating site has become international, with millions of users in Asia.

Finally, look at the launch time of the two websites. Facebook was launched last year, while the dating website was launched this year.

Now that the number of users on both sides is almost the same, it is natural that the growth rate of the dating network is even better, and it also proves that the dating network's strategy of "opening registration to all groups" is more successful.

LinkedIn CEO Reid Hoffman called Xia Jingxing.

"Daren, how are you doing? I can read news about you and Dating.com anywhere."

"Haha, then you need to read more. In three months, you won't be able to see any news from Dating.com."

Xia Jingxing and Hoffman have been in contact for so long, and they are more casual when joking with each other.

So after hearing Xia Jingxing's words, Hoffman didn't feel how arrogant this person was.

After a few chats, he went straight to the topic: "Daren, you should probably seriously consider Facebook's Series A financing.

I know you have a lot of confidence in Facebook, but your opponent has $13 million in ammunition.

If your financing pace slows down, you are likely to be overtaken by your opponents. "

Xia Jingxing smiled, "At this juncture, you still dare to end?"

"Of course, I've been watching Facebook's development, and I have a lot of confidence in you and this company."

Hoffman's words changed immediately,

"However, the current valuation cannot be the same as it was some time ago, after all, the situation is different, how about $80 million?

Some time ago, Sequoia Capital approached us to talk about LinkedIn's Series A financing.

If you agree to raise money, I can introduce Sequoia to you.

And Peter Thiel, who's also been following Facebook.

Together, we can invest in a round of A round of financing for Facebook, the scale will not be lower than the $13 million of Dating.com, at least $20 million.

How about it? My friend, is this a good suggestion? "

Xia Jingxing chuckled, this dog said that he wanted to take advantage of the fire.

In fact, it’s not like taking advantage of the fire. After all, the dating network is now aggressive, and Facebook is no longer the same as before, on the social track.

"Enter now, the risk is not too small for you, right?"

Hoffman laughed, "We naturally took the risk into consideration, otherwise we wouldn't ask you to lower your valuation a little bit."

"Or wait another three months?"

Xia Jingxing said with a smile on the phone: "After all the dust settles, you can enter again, and it will be safer for your investment."

Hoffman heard the refusal in Xia Jing's jargon, and sighed, "If you win, the valuation will go beyond the current point."

After a pause, his tone increased by three points, "Of course, if you lose, you may have nothing.

No VCs will favor you anymore, no funding, and what awaits Facebook will be its slow demise. "

"Yes, either it succeeds, and the valuation doubles or tenfolds: or it fails, and it is worthless."

Now that the words have been opened, Xia Jingxing no longer hides it.

Hoffman didn't know where Xia Jingxing had such strong self-confidence and was sure that he would win?

"Anyway, Daeron, you don't have to rush to answer me, you can think about it for a few more days."

"Don't think about it, this is my final answer."

Hoffman sighed, "Well, it's a pity, we might just have to go to the dating site."

Xia Jingxing was not afraid of this threat at all and said with a smile, "They should not ask for your investment, even if they do, it should be after defeating us.

But unfortunately, you may never be able to vote for them. "

"Daren, you're acting like a megalomaniac right now."

Xia Jingxing didn't mind at all, "Hahaha, is this a compliment to me?

Well, I admit, I am confident in the future, but not megalomaniac. "

Hoffman is in a bleak mood. He has been following the Facebook project since last year.

The angel round did not catch up, and the valuation of the A round went up all the way.

He was going crazy.

The reason why he is obsessed with Facebook is because he believes that real-name social networking must be the ultimate winner of the social battle.

Don't look at the dating network now jumping high, sooner or later it will fall.

LinkedIn also does real-name social networking, but it is very different from Facebook, focusing on business social networking.

In the first few months of LinkedIn, it drove him crazy, with extremely slow user growth, only twenty new users a day.

Because convincing users to upload their real names and information is more difficult than going to the sky.

Facebook can actually allow millions of college students to upload real information obediently, and he is also convinced.

At the same time, I also think that this alone can directly kill all other social networking sites.

The same is real-name social networking. He compared the success of Facebook and the setback of LinkedIn, and came to a conclusion: the entry point is different.

College students make friends on campus and show their real information, which is completely natural.

Even if you want to pack it, your classmates will see through it at a glance.

LinkedIn, on the other hand, is dealing with more complex people in work and society, and is extremely conservative with regard to personal information and data.

Facebook's real-name social networking is all based on reality, rebuilding a real society online - this is the true meaning of social networking.

It's just that these views cannot be expressed, so as not to be "sit on the ground" by Daeron.

So even if he is optimistic about Facebook, he must maintain a certain restraint.

"Okay, in three months, let's talk again."

Seeing that there was still no drama, Hoffman was about to hang up.

Xia Jingxing stopped the other party, "Wait, when is LinkedIn going to raise money?"

Hoffman smiled. "What? You have an idea about LinkedIn, too?"

"Yes, give each other a chance!"

Xia Jingxing said with a smile, "If you vote on Facebook, I will vote on LinkedIn, and our relationship will be improved to a higher level."

Hoffman thought for a while, then replied: "You can be involved, but the share should be small. You should also know Sequoia Capital's reputation, they must take the lion's share."

"Understood, send me a copy of the business plan."

Xia Jingxing also didn't want to swallow LinkedIn's A round of financing. After all, he is so small now that he can't afford it, and it would be nice to have a share of it.

"After those three months, Facebook's Series A financing, you can't keep dragging it on."

Xia Jingxing responded, "Don't worry, it will be opened on time, and there will be a seat for you."

"Okay, then you have to be careful, don't be beaten down by the dating network."

"Don't worry, just wait and watch the show!"

...

After chatting a few more words, Xia Jingxing hung up the phone.

He stared dimly at the LinkedIn page on his computer.

This webpage was opened when he just called.

At this time, LinkedIn was still relatively rough, the number of users was not large, and the reputation was even more pitiful.

But it can actually hook up with Sequoia Capital, relying on the name of Reid Hoffman, or the fame bonus of the PayPal gang.

In his previous life, Hoffman was known as the "King of Networking" in Silicon Valley, which should not be underestimated.

Therefore, if he pulls the other party in to invest in Facebook, he will definitely not lose money.

Not to mention, in exchange, he also got an opportunity to invest in LinkedIn.

For the convenience of reading next time, you can click "Favorites" below to record the reading record of this time (Chapter 134 Exchange (for the first order)), and you can see it when you open the bookshelf next time!

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