My Age of Investment

"Boss, I checked it out."

The dog pushed Xia Jingxing's office away and walked in excitedly.

He threw a bag of documents on Xia Jingxing's desk, "It's all here, it took me a lot of effort."

Xia Jingxing opened the file bag, looked at the files inside, and laughed.

The little dog is still doing a good job, and I have all the birthdays and family background information of Xiao Mazi and several other founding members of the f club.

Zuckerberg was born in May 1984, the same age as Xia Jingxing, from a Jewish family, his father is a dentist, his mother is a psychiatrist, a standard middle-class family, and one older sister, two younger sisters...

Eduardo Saverin was born in 1982 in a Jewish family in Sao Paulo, Brazil. His father was engaged in export trade and real estate, the standard rich second generation, and a member of a fraternity called Phoenix sk at Harvard University...

Dustin Moskovitz, Zuckerberg's roommate, was also born in 1984 and is also of Jewish descent...

Chris Hughes, born in 1983, is gay...

Xia Jingxing scratched his head, "Little dog, it's a bit amazing, you even understand people's sexual orientation?"

The little dog laughed, "As long as you are willing to spend money, what can you do?

Boss, if you want to know the color of Zuckerberg's underwear today, I can figure it out for you. "

"Give me as far as you want!"

The puppy smiled for a while, and finally got down to business.

—————

"The information I have found shows that last fall, Zuckerberg broke up with his girlfriend and hacked into Harvard University's campus network in a fit of anger, and started a website facesh to rate girls' photos..."

The little dog said angrily: "This is naked plagiarism! Copying the school beauty pageant we held at Stanford."

"But aren't they also very successful?"

Xia Jingxing felt that he had robbed Xiao Mazi of his luck, and was really embarrassed to accuse others of plagiarism.

The little dog said reluctantly: "That's because they are standing on the shoulders of giants!"

Xia Jingxing waved his hand, "Okay, okay, Facebook's valuation is less than 600 million, and you have blown me the giant."

The little dog smiled and said, "The future giant!"

"Then Zuckerberg has no choice but to close the facececb website due to pressure from the school?"

The puppy said with a smile: "Then Zuckerberg became famous at school. A pair of rich second-generation brothers named Winklevoss at Harvard asked him to develop a website called "Harvard Fraternity".

After working for a while, Zuckerberg felt boring, so he left in January this year and founded the current f club, focusing on the high school student market.

Zuckerberg had no money himself, and it was the rich Brazilian son, Gosavelin, who invested $100,000 in him.

During the startup process, his roommates Dustin and Chris also joined in one after another.

Now their company has a total of $100,000 and four people. "

Xia Jingxing understood, before 2004, the historical trajectory was the same.

According to the original time and space history, this month Zuckerberg has founded Facebook.

But history has turned a corner here. Zuckerberg founded facecb last month, and he is also obsessed with face.

And the money Saverin invested doesn't seem right?

So he asked the puppy again: "Are you sure Saverin invested $100,000 in them, not $150,000?"

"What $150,000?"

The little dog smiled and said, "Boss, $150,000 is not enough for socializing with pictures? That thing takes up a lot of server resources."

Xia Jingxing understood, Little Mazi has upgraded!

From text-based social networking to image-based social networking, even the investment amount has also been upgraded!

The little dog seemed to see through Xia Jingxing's doubts and said with a smile, "Originally, just like you, I felt that the average student couldn't afford $100,000.

But after learning about Saverin's family, I feel that this is for him,

Not a problem at all.

Harvard University's Phoenix SK Club, such a top-level fraternity, can join Saverin, and there is no shortage of pocket money at all.

I also learned that Zuckerberg wanted to join the fraternity, but his family background was not good enough to succeed. "

Xia Jingxing nodded, then it all made sense.

"They have tens of thousands of users now, right? Why is it growing so fast?"

When asked this question, the dog said regretfully: "Speaking of which, we have to blame ourselves for this."

"Why are we blaming ourselves again?"

Xia Jingxing didn't quite understand what the puppy meant.

The dog explained, "After we announced last year that we were opening up to the high school student market, we didn't put much effort into the market at all.

Many West Coast high schools on the California side have joined in. Relatively speaking, the East Coast side has much less influence in high schools.

We didn't pay too much attention to this, and our eyes were all on the international market and competitors such as Dating.com and Juyou.com.

This inattentiveness was exploited by those boys.

And they choose to socialize with pictures and focus on differentiated products. High school students like this kind of production station very much. "

Xia Jingxing frowned, this little pockmark is not small, isn't it? Still thinking about Facebook's private space?

The dog went on to introduce: "I specifically talked to students at several universities in the Boston area, and some of them felt that Facebook has changed its taste now and is no longer a pure campus social networking site.

On the contrary, F Club insists that only students are invited to register, and users must have a high school or college email address. "

Xia Jingxing said with a wry smile, "So, in that case, Facebook took the initiative to walk out of the campus market and gave F Club a chance to occupy our nest?"

"That's right!"

The dog frowned, "There are a lot of students on Facebook who object to us opening up registration to everyone.

If these people knew that a new campus social networking site was born, they might abandon us and choose f club.

Of course, I'm just assuming that's possible.

In the end, as the boss said, you have to measure the cost of changing the platform.

At the same time, it is also necessary to compare the products and functions of our two websites. "

"Okay, little dog, it's getting better and better now!"

Xia Jingxing's compliment made the little dog's eyes narrow with a smile, he said modestly, "A little superficial point of view is not worth mentioning!"

Invisible pretense, the most deadly!

Xia Jingxing smiled and looked at the puppy, "Okay! Then I will test you again. How do you think we should deal with the competition from the f club?"

The little dog straightened his back and said sternly: "I don't think we can ignore this website, otherwise we may suffer a big loss."

Xia Jingxing pursed his lips and motioned for the puppy to continue.

The little dog seemed to be encouraged and began to offer advice: "The best strategy is to mobilize personnel and funds immediately, and start bombing the high schools on the east coast, without giving F club any chance to become bigger.

Because once they get bigger, they are likely to get financing.

Although Facebook now occupies the bulk of the campus social market, it does not dispel the coveted heart of this market.

In particular, we are now valued at nearly 600 million US dollars, which not only inspires various competitors, but also inspires some small funds.

These small funds can't afford to invest in Facebook, but they can try to invest in the emerging campus social networking site.

Even if it can't reach a valuation of nearly 600 million US dollars, 100 to 200 million US dollars is very satisfying. "

Xia Jingxing nodded, "Then what about your middle strategy and lower strategy? Let's hear it too!"

The little dog, who has been familiar with "Romance of the Three Kingdoms" since childhood, has a feeling of "the master of the plot is reused by the master".

It's a pity that there is no three-foot green beard under his jaw, otherwise he would have to follow Zhuge Liang's way in the novel, stroking, stroking again...

"The middle strategy is to wait and see for a while, and once the f club shows signs of becoming bigger, we will acquire it and use it as our production station.

Compared with the best policy, this policy has more uncertainties. For example, is F Club willing to sell it to us? Or give us a high price?

At the same time, we estimate that it will take several million dollars to close the merger, even if the price is lower.

Because the f company is now valued at nearly 300,000 US dollars, Saverin invested 100,000 US dollars and only got 35 shares. "

Xia Jingxing nodded and smiled, the puppy usually looks like a funny guy, but he didn't expect it to be really enlightened.

Saverin's share in the f company is the same as in his previous life, with 35 shares, second to Zuckerberg's 60, and higher than Dustin's 5.

As for Chris, he joined too late and enjoys the title of co-founder. In fact, he is an employee. He has not been allocated shares and may enjoy an equity incentive plan in the future.

At present, the f company has a valuation of 300,000 US dollars. If you want to acquire the other party, it is almost impossible to succeed without increasing the valuation several times.

"Go ahead and talk about your next move!"

The puppy nodded and said with a serious face: "The best policy is to leave Facebook blindfolded and run wild without asking.

As long as we are big enough and our products are rich enough, even if the f club becomes popular, or even takes away part of our student market, it will not threaten our status.

But in doing so, there is a lot of uncertainty: Is Facebook's growth rate up to the mark? Has the f club been underestimated by us?

It would be too bad if our international expansion didn’t go well and the U.S. campus market was lost.

There is also social networking with pictures, which I always think is a trend, because it expresses things more intuitively than words.

Although bandwidth and servers do not yet support image socialization, the main reason is that it is too expensive.

But with the development of technology, I believe that image socialization will become more and more common. "

Xia Jingxing also didn't expect the puppy to have such knowledge and applauded, this time it wasn't booing, he really felt that the puppy had grown up.

"Yes, I believe your idol Sun Zhengyi will applaud you after hearing such words."

Xia Jingxing's move made the little dog a bit at a loss, because he was used to being ridiculed by the boss, and it was the first time that he praised himself like this!

He got goosebumps!

He quickly changed the subject and said, "Boss, do you think my top, middle and bottom three strategies, which strategy should we choose?"