My Age of Investment

“…Users can leave their personal or professional information, create relationships with friends, or join virtual societies based on shared interests…

This is Google's latest social networking product - Orkut. "

In Facebook's conference room, the dog stood on the stage, pointed to the PPT picture, and introduced it to the audience.

Yang Niu asked: "Is this a product developed by Google after it acquired Facebook and Dating.com last year?"

The dog nodded, "Yes, in January of this year, Google recruited an engineer named Okut Baiyukkton and asked him to develop such a social network.

Google has a good working atmosphere, and the website name is exactly the same as the engineer's name. Obviously, they gave the employee the right to name the website. "

Yang Niu frowned, "Why haven't you heard of it before?"

"It is very normal to have not heard of it, because before this, the website was all invitation-only, and there were very few users."

The dog paused and spread his hands, "But now it's different, they may feel that the product is mature, or after seeing the results of Facebook, they don't want to wait any longer, so as not to miss the opportunity for development.

Just two days ago, they lifted the invitation restriction and officially opened it to everyone. "

Yang Niu looked at Xia Jingxing and said in a low voice, "It seems that Larry Page invited us to the door that day to deliberately numb us."

"Who said no?"

Xia Jingxing shrugged, not too worried, and said lightly, "The acquisition is probably a pretext. They have been holding back this big move and have been waiting for the right time to release it."

"Google is also getting into social networking, which is really not good news!"

CFO Owen pays more attention to financial trends, and he expressed his views from a financial perspective:

"In more than ten days, Google will be listed on the Nasdaq. I have read their prospectus. The annual revenue is about 2.7 billion US dollars and the net profit is about 268 million US dollars.

The issue price is still being auctioned and has not been finalized, but the amount raised is expected to be no less than $2 billion.

They have deep pockets, and if they're going to compete with us in the social space, we'll have to plan ahead. "

"Make plans early?"

Xia Jingxing smiled and asked, "What plan? Financing?"

Owen nodded, "Yes, while Facebook is still very popular in the market, at an ideal valuation, we can raise tens of millions or hundreds of millions of dollars, and prepare enough ammunition.

Otherwise, if you want to raise funds after the war begins, the valuation will definitely be manipulated by venture capital institutions. "

Xia Jingxing admitted that the CFO's words had some truth, but he was still too conservative or pessimistic.

In response to the other party: "Google is indeed rich, but the search engine is their main business.

The resources and money they pour into the social field are destined to be very limited. "

"Even if it is very limited, it may be only one-tenth or one-twentieth of the cash reserves on Google's account, which is also a very large number.

far more than us. "

Owen sighed and persuaded: "Facebook now has very limited income, it is losing money, and it has added a YouTube channel, which makes our monthly capital consumption very exaggerated.

Darren, I know you want to wait until Facebook's development has entered a whole new level before completing the financing at a sky-high valuation.

That's a great deal for Facebook! "

Owen changed the subject and said with a serious expression: "But now there is a beast in front of us, it doesn't need to bite us, just a sneeze will make people terrified!

The market is changing rapidly, and it is impossible to develop at the previous rhythm.

Winter is coming, and we must prepare for the worst!

Dilute a few points of shares and get tens of millions or even hundreds of millions of dollars in winter funds. "

Irving's view is a bit pessimistic, mainly because Google is too much in the limelight now, and the entire Silicon Valley is looking at its development momentum.

Evans also looked at Xia Jingxing with a frown, and persuaded, "Daren, why don't we raise a round of financing?

Even if you don’t consider Google’s factors, you have to consider the gold-swallowing beast of YouTube.

As the number of users of YouTube continues to grow, bandwidth consumption will only increase. "

Xia Jingxing shook his head, glanced at several executives present, and said with a smile, "Why are you so afraid of Google? Are they amazing?"

Everyone didn't speak, and all bowed their heads. Isn't this an obvious thing?

Giants like Yahoo can't take them, let alone small and medium enterprises like us.

"Yahoo can't kill Google, and neither can Google. That's the trend!"

Xia Jingxing said lightly: "We are the pioneers of the social track, we can say that no one knows more about social interaction than us.

Can you do social networking with money? That dating network should have succeeded long ago. "

"The technology of Dating.com is definitely not as good as Google's, and Google will definitely not crash like Dating.com."

The little dog whispered, and seeing Xia Jingxing's sharp eyes, he hurriedly shrank his neck and made a low eyebrow pleasing to the eye.

Xia Jingxing ignored the dog and continued: "I have emphasized many times in meetings, large and small, that the user relationship chain is more important than everything else, and it is also our moat.

Now add another moat, tubing!

Do you think the social networking site made by Google will be more popular with users than ours? more fun? More fun? "

People don't speak.

Xia Jingxing shrugged, "You guys are calling others' ambition and destroying your own prestige."

Luo Li said lightly: "Daren, Google is not only a product of Okut, they have a search engine with a very high market share, which can lead to Okut;

Google also owns a free webmail service, Gmail, which can help Okut with email marketing;

Google also acquired the blog product blogger last year, which can also integrate blogs into social networks like Facebook;

Heard they are still working on Google Video...

To sum up, our current advantage is not particularly obvious. "

The dog coughed and reminded: "Boss, Google also acquired the online picture editing software Picasa (Picasso) some time ago.

From text to images to videos, Google has laid out everything.

Such an opponent can be completely different from Dating.com, Juyou.com and the like.

Business competition does not only depend on whether the capital is strong or not, but also on products, technology, strategy, management and other aspects.

Google has been able to develop to today, to the stage of going public, and with a valuation of more than 20 billion US dollars, it is a rival that should not be underestimated.

Careless, but Jingzhou will be lost! "

Xia Jingxing listened to the little dog citing the scriptures, some wanted to laugh, thought for a while, and said, "Otherwise, let's wait and see for a week.

If Google is as scary as you might imagine, I'm not going to insist, and Facebook arranges financing immediately. "

Owen reminded: "In a week, if Okut really develops very well, our valuation will take a big hit."

Xia Jingxing spread his hands and said, "Even if we start financing now, it is impossible to go through all the processes in a week, and the money will not be available.

The biggest possibility is that in the middle of the negotiation, Okut becomes the weight of the pressure from the venture capital institutions, or directly tore up the investment intention agreement and wait and see.

VCs are nothing but grass, don't expect them to send warmth in the snow.

Resisting Google's move, or even slapping them backhand, this is the most important thing we should consider right now. "

"Well then, just wait and see for a week."

Seeing that the boss had made up his mind, Owen stopped persuading him.

Looking at the heavy faces of the crowd, Xia Jingxing stopped explaining too much.

These guys are all suffering from "Google Fear", and no amount of words can cure it. It has to be proved by practical actions that Google is not invincible.

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