Fang Hong is naturally no stranger to Sequoia Capital. This is an investment institution established in Silicon Valley in North America in 1972. It is also a well-known venture capital institution in the VC circle. It has local offices in North America, Greater China, and Indus. oriented funds.
Betting on race tracks is a tradition of Sequoia Capital. Before this year, Sequoia invested in projects such as Gold Software, Qihu 360, Bona Pictures, etc. Its rules and regulations do not seem obvious, giving people the feeling of casting a net everywhere. .
Obviously, this call from Sequoia Capital has already shown that some capital with keen sense of smell has noticed this new website.
In fact, the development of Quantong Weibo is not bad, it can even be said to be very rapid. Less than two months after the product was launched, the number of users has exceeded 700,000. This growth rate is not bad at all in this era. It can be said that it is Quite impressive results.
You must know that the campus network founded by Wang Xing gained almost one million users in just three months after it was launched. It was a huge success at that time. It is a certainty that Weibo will break one million before the end of this year.
Xu Jingren ended the phone call, sat down again, looked at Fang Hong and asked curiously: "Why don't you accept financing from overseas capital? If I remember correctly, the vast majority of domestic Internet startups in the early stages have Sequoia Capital Investments.”
Fang Hong said: "Once you accept overseas capital, they will quickly teach you how to do things, propose companies to go offshore, and then engage in overseas agreements to control VIE and other operations, so that they can exit later."
After a pause, Fang Hong said in a deep voice: "You have to keep in mind that our position must be clear. Quantum Beat does not need to go public in the United States. My plan is to list in the A-share market and keep the profits in China, so I can't Let foreign investment step in.”
Domestic Internet companies have gone public in the United States for many reasons. Firstly, the A-share market is now subject to an audit system. If you want to go public, don’t even think about it for a year or two. For Internet startups, time is not money, but life. , it took such a long time to raise funds, everything was in trouble.
Another weak point is that A-shares are weak. If the company has too many foreign investors after listing, A-shares will not be able to withstand the withdrawal later. What’s more, the liberalization of foreign investment will have to wait until 2015, which is the Shanghai-Shenzhen-Hong Kong Stock Connect. Opening up, the emergence of northbound funds.
Then, companies controlled by overseas agreements and registered offshore cannot be listed on A-shares. As for other conditions, such as how many years to make profits, they are secondary. These are not problems.
For Quantum Beat to be listed on the A-share market, Fang Hong will definitely use the backdoor listing method and strive for it to land on the A-share market around 2012.
Hearing this, Xu Jingren was surprised and immediately said: "Listing on the A-share market? As far as I know, the A-share market does not support our company's current equity structure of different rights for the same shares."
Fang Hong said with a smile: "Reorganization will be enough at that time. There are many ways to control the company, such as dual-class share structure, concerted action agreement, etc. These can firmly control the company. The issue of control is yours Don't worry."
Everyone couldn't help but nodded. Everyone trusted Fang Hong and believed that he could solve these problems better than anyone else present. Everyone left Fang Hong to control the capital market.
At this time, Xu Jingren said again: "By the way, there is also the issue of the domain name of the Weibo platform. We don't have the domain name of the Weibo platform.
It is the short domain name used by cn’s t service point. This URL is similar to the shortened URL jump URL of Twitter, the North American social platform. After obtaining the short domain name, there is no need to display a long URL when publishing content on Weibo. Instead, it is displayed as A very short URL that starts with and is followed by a string of characters. Users can click on this short URL to jump to the original URL.
Among them is the URL that implements the function of shortening the URL on Twitter. It ends with [.cn], which is the domestic domain name, and corresponds to Weibo. This is perfect.
Xu Jingren continued: "According to the information we compiled, it was sold for 110,000 yuan in 2006. Our person in charge found the owner and offered to buy the short domain name from him, but the other party quoted 850,000 yuan. .”
Then, Xu Jingren added: "In addition, we have also found the owner of this domain name. He is a man in the IT industry named Zhang Weibo. He registered a domain name with the same spelling as his name in 1999. Currently, We have not made a formal offer to him to purchase the domain name."
Fang Hong also has an impression of this domain name. Xinlang Weibo bought this domain name from the other party for 8 million yuan before his rebirth. This price will definitely be a profit two years later. The other party is still a bit younger. If we wait a little longer and wait for quotations from several major Tencent manufacturers, selling it for 20 million won't be a problem.
In addition, Xinlang Weibo sold this short domain name for 5 million yuan.
However, it is now 2008, and Quantum Beats is not a major Internet company, and Xinlang is now one of the portal giants. The holder will definitely not offer 8 million. It is estimated that it will not be a problem to obtain this domain name for about 2 to 3 million.
Fang Hong immediately said: "The domain name matter should be settled as soon as possible. Just take the offer of 850,000 yuan. Of course, you must show a tangled look when talking to the other party to prevent the other party from raising the price. As for this domain name, another person in charge was sent to him to propose it. If you are willing to buy, give him a request: Zhang Weibo can only make one offer and will never make a counter-offer, and he will accept anything up to 3 million."
Everyone was a little uneasy when they heard this. Xu Jingren was stunned for a while and said: "The maximum budget for the two domain names will be 3.85 million. Once this money is spent, let alone promotion and operation expenses, the salary will not be paid immediately."
Fang Hong smiled and said calmly: "Don't panic, money is not an issue. We can definitely negotiate Pre-A financing with Qunxing Capital this month. This financing will not be less than 50 million. I am still bargaining with the other party."
Everyone was surprised and overjoyed when they heard this.
Pre-A round financing can reach tens of millions, which is very rare in the current investment world. Many projects may not be able to get such a large amount of money after financing in round A or even round B.
Xu Jingren immediately laughed and said: "If you are done with deceiving investors, then there will be no problem with us."
Everyone believes in Fang Hong’s words. Since he is so confident, the pre-A round of financing with a minimum guarantee of 50 million will definitely be impossible to escape.
Fang Hong stayed here for an hour and then left.
The company is on the right track and operating steadily as planned. As the ultimate boss, he can safely be the boss.
However, after leaving Quantum Beat, Fang Hong has one more thing to do for Weibo.
After leaving the company, he made a phone call to Hua Yu, who was in charge of Qunxing Capital. Fang Hong answered the phone while walking and said: "Brother Hua, go and run it and ask Xincheng to open the first official Weibo in China on the Weibo platform, that is, ' Weibo New City's official account."
Obviously, Fang Hong continued to prostitute Huayang Group's intangible resources for free. If Quantum Jump went to find the leaders of Xincheng on this matter, he would most likely fail.
But this is very important. If Xincheng opens an account on the Weibo platform, it means that it has the support and trust of the government departments.
It is equivalent to an authoritative endorsement and has gained a lot of credibility, which is also very important for the future development of the Weibo platform.
Let Hua Yu handle this matter. Relying on Huayang Group's influence in Xincheng, it will be much easier to settle this matter than Quantum Jump.
Hua Yu on the other end of the phone didn't say much. He nodded readily and said, "No problem, leave it to me."
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