My Age of Investment

"Adjustment?"

White's eyes on Gao Lili were very sharp, "The concept of an online celebrity brokerage company is not yet fully mature, and it is still unknown whether the business model will be established."

White looked at Xia Jingxing again, "You're welcome, Darren, I hope you don't mind. The outside world has always had doubts about the business model of oil pipelines. Countless scholars and industry experts are not optimistic about the long-term operation of oil pipelines."

Xia Jingxing didn't expect that the other party would set the fire on him, so he smiled, "Yes, there are some bad comments about YouTube in the market, thinking that we can't balance user experience, copyright protection, advertiser needs and our own profit. Find a balanced operating model."

The tone of Xia Jingxing's words was understatement, and in his heart he was extremely disdainful of these experts called beasts.

Nowadays, there are a lot of remarks on the market that slander YouTube, and many people just follow what others say, without thinking about deep-seated things.

200 million users cannot be profitable, what about 2 billion users?

Facebook's current advertising technology is not strong enough, and there are not enough advertising partners. What about in five or ten years?

Of course, these beasts are right about one thing, video is a money-burning thing.

According to internal calculations by YouTube, monthly bandwidth and server spending will exceed $30 million by the end of the year.

And YouTube’s monthly advertising revenue is still far from the $30 million figure, and half of it goes to content creators.

With more users on the platform and more videos uploaded every day, advertising revenue can increase, but it also means that bandwidth expenditures have to increase.

Whether it can break even depends on which of the two indicators grows faster.

Yang Niu once asked the finance department to do a calculation, and expected to reach a balance of revenue in three years, and happily sent the report to Xia Jingxing, he could only laugh without saying a word.

He can say that YouTube is a money loser, but others can't.

Singing down on YouTube every day will affect Facebook’s overall valuation and business plan.

Xia Jingxing looked at White with a smirk, "If you don't think you can keep running for a long time, why should you invest in Lilith?"

White was in awe of Xia Jingxing's strength,

But he has his own position. He shrugged and said, "Venture capital, how can you not take any risk at all."

Daniel came out to help: "Yes, Lilith has created an emerging business model, which is worth affirming.

But the birth of any emerging business model is accompanied by countless risks, because there is no experience to learn from, and no case to compare.

Our two institutions are willing to take a risk, but also want to control the cost of risk.

I hope to understand this. "

Speculation is speculation, and it is risky.

Xia Jingxing smiled lightly, he did not expose the two, Lilith is still small in size, and is considered a rare target in the market, but because there is no precedent to follow, many big capitals are still waiting to see, or they don't like it.

Internet celebrity brokers are not yet a very popular track.

When the previous life was hot, even Disney couldn't help but join in the fun.

But right now, internet celebrity brokers are still wild. As a pioneer, Lilith must tell a good story about capital.

Shen Xinyi said lightly: "Lilith was born on YouTube, but our business model is not limited to YouTube.

Take the rapper Brian as an example, if we use the YouTube platform to build him into an Internet celebrity with tens of millions, or even hundreds of millions of subscribers, I believe that the three major record companies will definitely be interested in him. "

Daniel laughed and said: "Amanda, I understand what you mean, but I want to say that if Brian is really popular, then it will not be long before his record management contract will be taken away by CAA.

Compared with the behemoth CAA, Lilith is just an inconspicuous ant. "

Gao Lili sneered, "CAA has not developed slowly from a small company. Whoever is born is a big company? If Lilith can mass-produce Internet celebrities, then no one can ignore our existence."

"Many things in Lilith's company are still immature and are still in the verification period. Lilith, don't be too confident, it will only blind your eyes."

Realizing that the tone was a bit too heavy, White softened his tone again, "Our two companies have rich resources and experience in the entertainment industry, and we are willing to use our resources and experience to help Lilith improve its business model.

This is a mutually beneficial thing for the three of us.

So, Lilith, you should carefully evaluate our cooperation. "

Daniel nodded and smiled.

In a few words, the two veterans resolved the advantages of Gao Lili, and the attack and defense changed in an instant.

Xia Jingxing was silent on the side, he just watched quietly, he didn't plan to help, he wanted to see how the two girls would deal with it.

"Lilith expects to hit its multi-million dollar revenue target this year, and we could even be cash flow positive this year without considering expanding operations."

As soon as Gao Lili finished speaking, White nodded, "Very good, it's amazing, it's only been established for more than a year, and I can support myself."

"but……"

White smiled and spread his hands, "If Lilith doesn't develop quickly, your opponents will soon surpass you, and Lilith will never become a big company."

"Mr. White, your words are too absolute!" Gao Lili's face sank.

"I'm never alarmist. With the help of capital, a company can grow rapidly. This is an iron rule! This is especially true in the 21st century where information is highly developed and there is no information gap."

White squinted Gao Lili, he still admired this Chinese girl, but she was too immature, and he was led away by the nose after a few words.

Xia Jingxing pinched his brows and couldn't say that he was disappointed with their performance, but he still felt that it did not meet his psychological expectations.

On second thought, the two of them only graduated from college this year, and they have only been in business for a year. The level is estimated to be only here, and it will take time to settle.

Seeing that Gao Lili was gradually losing ground, Shen Xinyi felt a little anxious in her heart. She had an idea and said, "Mr. White, you forgot, Daeron is Lilith's co-founder and major shareholder."

White was a little surprised by Shen Xinyi's speech. He remembered that the girl was very introverted and shy.

"I didn't forget! But that doesn't mean anything."

White looked at Xia Jingxing, "Daren, will you let the YouTube channel tilt resources toward Lilith just because you hold shares in Lilith?"

Xia Jingxing was not brought into the pit, and replied with a smile, "Lilith is a strategic partner of Youtube, and an online celebrity brokerage company supported by YouTube. Christina has named Lilith many times on the board of directors."

His meaning is very clear, even if he does not engage in insider trading, Lilith's position in the hearts of the YouTube management is very important.

Shen Xinyi understood, and then continued: "Youtube spent a lot of money to create a creative space in Los Angeles, Lilith is the first Internet celebrity agency to settle in, and the video bloggers we signed occupy half of the space there.

Lilith is currently the fastest growing and best internet celebrity agency.

YouTube can develop into a company with tens of billions of dollars or hundreds of billions of dollars, and Lilith is at least a billion-dollar company. "

White shook his head and laughed, "But all of this is based on YouTube, and we share the same destiny with YouTube. This is not like a company that can develop and grow independently."

Shen Xinyi replied calmly: "But the model of an internet celebrity agency is inherently doomed, Lilith needs YouTube, and YouTube also needs Facebook, just like Hollywood does to CAA.

Mr. White, do you think CAA can survive without Hollywood? "

White laughed dumbly. The other party's example really left him speechless.

Shen Xinyi continued: "Even Mr. Bill Gates is a fan of YouTube, and he let Microsoft spend hundreds of millions of dollars in YouTube (Facebook).

Do you think our richest man has poor vision or has a keen eye?

When you invest in Lilith, you make the same choice as Mr. Gates.

Of course, the biggest piece of cake went into Mr. Gates' mouth.

If Mr. White doesn't think the profits are big enough, I suggest you invest in Facebook.

Daeron is here today, and you might be able to talk to him later. "

White laughed when he heard it and looked at Xia Jingxing, "Daren, is Facebook still accepting investment in the near future?"

Xia Jingxing smiled happily, "Of course, we are planning to complete a new round of financing at a valuation of US$30 billion.

If Mr. White is interested, I can reserve a seat for you. The share of $300 million or $500 million is negotiable. "

White's face was full of smiles, and he was already scolding in his heart. They are not big funds. They invested in early-stage projects and couldn't participate in such a big case at all.

However, being reminded by Shen Xinyi, White also wanted to understand a lot, and raised the upper limit of his assessment of Lilith.

What impresses him the most is the phrase "Hollywood to CAA". If YouTube becomes Internet Hollywood, then Lilith will have the opportunity to become Internet CAA, and maybe it will also subvert the old industry order.

Worth betting!

White looked at Daniel, who also moved, and nodded slightly at him.

"Okay, up to you, we give Lilith a pre-money valuation of $25 million."

White added, "However, we have to increase investment, invest $6.25 million, and still maintain the 20% equity dilution ratio."

Shen Xinyi looked at Xia Jingxing, who nodded slightly.

He had figured out that in his business plan, he needed these two agencies to cheer for them—invade Hollywood, subvert Hollywood.

The louder the slogan, the bigger the bubbles can blow.

Lele alone is not as good as everyone, everyone works together happily and makes money happily.

Of course, he also thought about letting Vision Capital continue to invest in Lilith.

But this is on American soil, and eating alone is sure to choke.