My rebirth is different
Chapter 486: This time is different
Chapter 486 It's Different This Time
Although Softbank has made several major investments in the mainland, Masayoshi Son has not come much.
Under normal circumstances, Xue Chun and the team here first screen the projects, and then submit them to the headquarters. After discussions at the headquarters, the fancy projects will let the corresponding entrepreneurs fly directly to the Softbank headquarters in Tokyo.
Because it is SoftBank's territory, it naturally has a psychological advantage in negotiations.
But this time, Sun Zhengyi also had to personally dispatch to the magic capital.
This time is different from previous investments. Facebook is not a start-up company like Ali and UT Starcom who were eager to ask for money.Facebook is already the leading social platform in China, and VCs eager to send money to it can line up from the Bund to Xinzhuang Science and Technology Park in Minhang District!
The reason why Softbank was able to get this opportunity was only because Xue Chunhe and Yu Wenfei were alumni, so they got this honor.
Therefore, the active-passive relationship is reversed.
"Chunhe, why did Cai Congxin suddenly switch to Facebook? This has a great impact on Ali."
In the Jinmao Tower, inside the Softbank China office, Masayoshi Son is talking with Xue Chunhe.
In Ali, Softbank is also a major shareholder, and of course Cai Congxin got the news of his job-hopping immediately.
"After getting the news two days ago, I had a phone call with Mr. Cai, and he told me that Ali is very good and will definitely grow into a big company in the future. But...Facebook, a company with greater potential! He thinks Going to Facebook is a better choice than staying in Ali." Xue Chunhe shook his head and smiled wryly.
In order to leave Ali, Cai Congxin gave up all subsequent equity incentives, and even agreed to let Ali's existing shareholders give priority to the acquisition of the [-]% of the shares he had already obtained.
Sun Zhengyi came here this time, and he had to deal with this matter by the way.
Lao Ma's founder shareholders obviously don't have that much money to buy shares in Cai Congxin's hands. How can Ali be worth hundreds of millions of dollars now, and a 1000% stake is almost [-] million dollars.
This money is estimated to be paid by Softbank.
The chunky Sun Zhengyi sank into the soft sofa. He took off his glasses and took out a tissue to wipe them carefully.
After a while, I put on my glasses, "Cai Congxin has shares in his hand, we will buy them back! China is a big manufacturing country with rich human resources and low labor costs. Being an e-commerce platform has inherent advantages. I am still optimistic about Ali's future. But even Cai Congxin said that he is more optimistic about Facebook, which makes me more interested in Facebook. We have to be prepared, this person is not easy to deal with, and it is estimated that this negotiation will not be too smooth.”
Although Cai Congxin is not a major shareholder of Ali, he left a deep impression on Sun Zhengyi.
That time at the headquarters, Sun Zhengyi threw out a "big pie" worth 5000 million U.S. dollars, and Lao Ma was so excited that he wanted to say yes.
But it was that elegant man who calmly said "NO!"
In the end, only 2000 million US dollars from Softbank was required.
…………
March [-]th, at [-] pm, Xinzhuang Science and Technology Park.
Three black Lexus filed in and drove straight to the No. [-] office building.
With the sound of "bang bang bang" the door opened and closed, a group of seven or eight people got out of the car.
Yu Wenfei and Cai Congxin also came up with several executives from the company.
"Welcome to Facebook, everyone."
"Mr. Sun, Mr. Xue, hello everyone."
"Mr. Cai, long time no see. I really didn't expect to see you again in this place."
"This is Mr. Yu Wenfei, I've known you for a long time, it's a pleasure to meet you."
Sun Zhengyi took the lead, and everyone from Softbank lined up in a row, bowing deeply to Yu Wenfei.
I have to say that the Japanese are still very good at etiquette.
After the pleasantries, a group of people came to the large meeting room on the top floor to formally start today's negotiations.
"Everyone, let me introduce you. Mr. Cai Congxin, who is now the CEO of Facebook, will be the main focus of this negotiation."
As soon as he sat down, Yu Wenfei smiled and introduced Cai Congxin to Sun Zhengyi and others.
In fact, there is no need for his introduction, the Softbank people already knew about it.
"Alright, we are old friends with Mr. Cai, so let's start formally." Xue Chunhe said with a smile.
"We have some objections to the financing conditions proposed by Feizong last time. The financing amount is not a problem, but the shares given by Feizong are too small! In other words, the valuation of Facebook is a bit inflated... ..." Xue Chunhe looked at Cai Congxin and said, observing his expression carefully.
Cai Congxin calmly said, "Coincidentally, after the company's internal discussions these days, we also think that there is something wrong with the financing conditions last time. Although it has only been a few days, today's Facebook, and a few days ago Facebook has changed a lot. All the conditions need to be discussed again.”
Sun Zhengyi was silent, his eyelids drooped, as if he had fallen asleep.
Xue Chunhe was a little stunned, and asked back, "What's the difference?"
Cai Congxin turned his head and whispered something to the assistant beside him. The assistant got up and opened a laptop in hand, which was connected to a projector.
Everyone in Softbank didn't know what this meant, but they didn't make a sound, and they were going to see what kind of tricks Cai Congxin was going to play.
The computer was turned on and projected, it was the home page of Facebook.
Xue Chunhe blinked, "What does Mr. Cai mean by this? I am very familiar with Facebook. To tell you the truth, I also have a registered Facebook account, but I don't post things often."
"No, Mr. Xue read it carefully, the top of the page." Cai Congxin said with a smile.
Xue Chunhe took a closer look and saw a large bright red banner hanging on the top of Facebook.
"Warmly celebrate the breakthrough of [-] million registered Facebook users!"
This line of large characters is unusually eye-catching.
He was tongue-tied, "This... Didn't Facebook only have more than 8000 million users a few days ago? How come it's [-] million..."
"It just broke through [-] million at noon, and the banner just hung up." Cai Congxin explained.
Xue Chunhe couldn't believe it, it was too fast, the number of users increased by more than 1000 million in a few days? !
But he also had to believe that Facebook would not dare to cheat on this kind of thing.
Perhaps when promoting to the outside world, many Internet companies will deliberately exaggerate the facts and make false advertisements.
But in the face of VC, unless you are not afraid of taking legal risks, you are usually relatively honest.
Besides, VCs don’t just listen to what you say. Others will do detailed due diligence before investing. How could they be deceived by you?
Well, if Cai Congxin dares to let himself watch this now, it should really break through [-] million!
8000 million and [-] million, these two numbers sound like a difference.
Can you find five of the websites with over [-] million users across the country?
No wonder Cai Congxin dared to say that Facebook is different from a few days ago, indeed.
This unexpected incident disrupted SoftBank's plan. Originally, they planned to lower the price and pay the same amount of money to let Facebook pay more shares.
But now, not to mention people paying more shares, even the original [-]% may not be able to keep it.
Xue Chunhe's face was calm, but he was actually a little flustered inside. He peeked at Sun Zhengyi next to him from the corner of his eye.
As a result, Sun Zhengyi still sat there expressionless, motionless.
"Well, congratulations to Facebook for joining the [-] million club! Congratulations, this strengthens our confidence in Facebook." Xue Chunhe said with a strong smile.
This is true. If the investment goes well, SoftBank will also be one of Facebook's shareholders. The website develops well, which is also beneficial to them.
"Then on this basis, I think the valuation of 32 billion is unfair and seriously underestimated for Facebook!" Cai Congxin chased after the victory.
"How much does Mr. Cai think it should be? In my opinion, apart from the natural growth of users, Facebook has not undergone any qualitative changes." Xue Chunhe said not to be outdone.
"NO! In addition to breaking [-] million users on Facebook, there is another big change."
Cai Congxin smiled and shook his finger.
Then the index finger turned and pointed at himself, "That is, there is an extra me."
Xue Chunhe was taken aback, "Then how much can Facebook's valuation increase with the addition of President Cai?"
"Facebook has more than [-] million users, which can increase Facebook's valuation by [-] million! And my joining can increase Facebook's value by [-] million." Cai Congxin said sonorously.
Across the conference table, several people from SoftBank could not keep calm at this moment, and became a little commotion.
This Cai Congxin really dare to say, let alone the fact that Facebook has more than [-] million users, it is indeed a happy event, and it will definitely have a greater impact on Facebook's valuation.
However, what is the joining of a professional manager like you? How can you have the courage to say that you are worth [-] million yuan?
Xue Chunhe's face also darkened, and he said dissatisfiedly: "Mr. Cai, don't forget that when you were in Ali, you were the chief financial officer. When Softbank invested in Ali, the company's valuation was only [-] million US dollars! This includes the valuation of Mr. Cai, an executive."
What he said was true. Softbank invested 2000 million US dollars in Ali and took away 20.00% of the shares.That is to say, Ali’s valuation at that time was only [-] million U.S. dollars, which must have included the valuation of the executive team such as Lao Ma and Cai Congxin. The Alibaba platform at that time was definitely not worth [-] million U.S. dollars.
Cai Congxin took it easy, "Boss Xue is right, but don't forget one thing. The same person, on different platforms, has absolutely different values! Cai Congxin, who was in Ali back then, may only be worth 1000 million U.S. dollars. But today , on Facebook, I can be worth [-] million!"
As soon as these words were said, everyone looked sideways at the man.
Since Yu Wenfei introduced Cai Congxin, he sat there without saying a word, just like Sun Zhengyi who was opposite him, as if he didn't care about the "clash of swords" between the two sides at all.
Hu Jingjing was sitting next to him, listening carefully to the negotiation between the two parties. Now, she finally understood what Yu Wenfei said, "Some people cannot be cultivated within the company"!
There should be another chapter tonight...
(End of this chapter)
Although Softbank has made several major investments in the mainland, Masayoshi Son has not come much.
Under normal circumstances, Xue Chun and the team here first screen the projects, and then submit them to the headquarters. After discussions at the headquarters, the fancy projects will let the corresponding entrepreneurs fly directly to the Softbank headquarters in Tokyo.
Because it is SoftBank's territory, it naturally has a psychological advantage in negotiations.
But this time, Sun Zhengyi also had to personally dispatch to the magic capital.
This time is different from previous investments. Facebook is not a start-up company like Ali and UT Starcom who were eager to ask for money.Facebook is already the leading social platform in China, and VCs eager to send money to it can line up from the Bund to Xinzhuang Science and Technology Park in Minhang District!
The reason why Softbank was able to get this opportunity was only because Xue Chunhe and Yu Wenfei were alumni, so they got this honor.
Therefore, the active-passive relationship is reversed.
"Chunhe, why did Cai Congxin suddenly switch to Facebook? This has a great impact on Ali."
In the Jinmao Tower, inside the Softbank China office, Masayoshi Son is talking with Xue Chunhe.
In Ali, Softbank is also a major shareholder, and of course Cai Congxin got the news of his job-hopping immediately.
"After getting the news two days ago, I had a phone call with Mr. Cai, and he told me that Ali is very good and will definitely grow into a big company in the future. But...Facebook, a company with greater potential! He thinks Going to Facebook is a better choice than staying in Ali." Xue Chunhe shook his head and smiled wryly.
In order to leave Ali, Cai Congxin gave up all subsequent equity incentives, and even agreed to let Ali's existing shareholders give priority to the acquisition of the [-]% of the shares he had already obtained.
Sun Zhengyi came here this time, and he had to deal with this matter by the way.
Lao Ma's founder shareholders obviously don't have that much money to buy shares in Cai Congxin's hands. How can Ali be worth hundreds of millions of dollars now, and a 1000% stake is almost [-] million dollars.
This money is estimated to be paid by Softbank.
The chunky Sun Zhengyi sank into the soft sofa. He took off his glasses and took out a tissue to wipe them carefully.
After a while, I put on my glasses, "Cai Congxin has shares in his hand, we will buy them back! China is a big manufacturing country with rich human resources and low labor costs. Being an e-commerce platform has inherent advantages. I am still optimistic about Ali's future. But even Cai Congxin said that he is more optimistic about Facebook, which makes me more interested in Facebook. We have to be prepared, this person is not easy to deal with, and it is estimated that this negotiation will not be too smooth.”
Although Cai Congxin is not a major shareholder of Ali, he left a deep impression on Sun Zhengyi.
That time at the headquarters, Sun Zhengyi threw out a "big pie" worth 5000 million U.S. dollars, and Lao Ma was so excited that he wanted to say yes.
But it was that elegant man who calmly said "NO!"
In the end, only 2000 million US dollars from Softbank was required.
…………
March [-]th, at [-] pm, Xinzhuang Science and Technology Park.
Three black Lexus filed in and drove straight to the No. [-] office building.
With the sound of "bang bang bang" the door opened and closed, a group of seven or eight people got out of the car.
Yu Wenfei and Cai Congxin also came up with several executives from the company.
"Welcome to Facebook, everyone."
"Mr. Sun, Mr. Xue, hello everyone."
"Mr. Cai, long time no see. I really didn't expect to see you again in this place."
"This is Mr. Yu Wenfei, I've known you for a long time, it's a pleasure to meet you."
Sun Zhengyi took the lead, and everyone from Softbank lined up in a row, bowing deeply to Yu Wenfei.
I have to say that the Japanese are still very good at etiquette.
After the pleasantries, a group of people came to the large meeting room on the top floor to formally start today's negotiations.
"Everyone, let me introduce you. Mr. Cai Congxin, who is now the CEO of Facebook, will be the main focus of this negotiation."
As soon as he sat down, Yu Wenfei smiled and introduced Cai Congxin to Sun Zhengyi and others.
In fact, there is no need for his introduction, the Softbank people already knew about it.
"Alright, we are old friends with Mr. Cai, so let's start formally." Xue Chunhe said with a smile.
"We have some objections to the financing conditions proposed by Feizong last time. The financing amount is not a problem, but the shares given by Feizong are too small! In other words, the valuation of Facebook is a bit inflated... ..." Xue Chunhe looked at Cai Congxin and said, observing his expression carefully.
Cai Congxin calmly said, "Coincidentally, after the company's internal discussions these days, we also think that there is something wrong with the financing conditions last time. Although it has only been a few days, today's Facebook, and a few days ago Facebook has changed a lot. All the conditions need to be discussed again.”
Sun Zhengyi was silent, his eyelids drooped, as if he had fallen asleep.
Xue Chunhe was a little stunned, and asked back, "What's the difference?"
Cai Congxin turned his head and whispered something to the assistant beside him. The assistant got up and opened a laptop in hand, which was connected to a projector.
Everyone in Softbank didn't know what this meant, but they didn't make a sound, and they were going to see what kind of tricks Cai Congxin was going to play.
The computer was turned on and projected, it was the home page of Facebook.
Xue Chunhe blinked, "What does Mr. Cai mean by this? I am very familiar with Facebook. To tell you the truth, I also have a registered Facebook account, but I don't post things often."
"No, Mr. Xue read it carefully, the top of the page." Cai Congxin said with a smile.
Xue Chunhe took a closer look and saw a large bright red banner hanging on the top of Facebook.
"Warmly celebrate the breakthrough of [-] million registered Facebook users!"
This line of large characters is unusually eye-catching.
He was tongue-tied, "This... Didn't Facebook only have more than 8000 million users a few days ago? How come it's [-] million..."
"It just broke through [-] million at noon, and the banner just hung up." Cai Congxin explained.
Xue Chunhe couldn't believe it, it was too fast, the number of users increased by more than 1000 million in a few days? !
But he also had to believe that Facebook would not dare to cheat on this kind of thing.
Perhaps when promoting to the outside world, many Internet companies will deliberately exaggerate the facts and make false advertisements.
But in the face of VC, unless you are not afraid of taking legal risks, you are usually relatively honest.
Besides, VCs don’t just listen to what you say. Others will do detailed due diligence before investing. How could they be deceived by you?
Well, if Cai Congxin dares to let himself watch this now, it should really break through [-] million!
8000 million and [-] million, these two numbers sound like a difference.
Can you find five of the websites with over [-] million users across the country?
No wonder Cai Congxin dared to say that Facebook is different from a few days ago, indeed.
This unexpected incident disrupted SoftBank's plan. Originally, they planned to lower the price and pay the same amount of money to let Facebook pay more shares.
But now, not to mention people paying more shares, even the original [-]% may not be able to keep it.
Xue Chunhe's face was calm, but he was actually a little flustered inside. He peeked at Sun Zhengyi next to him from the corner of his eye.
As a result, Sun Zhengyi still sat there expressionless, motionless.
"Well, congratulations to Facebook for joining the [-] million club! Congratulations, this strengthens our confidence in Facebook." Xue Chunhe said with a strong smile.
This is true. If the investment goes well, SoftBank will also be one of Facebook's shareholders. The website develops well, which is also beneficial to them.
"Then on this basis, I think the valuation of 32 billion is unfair and seriously underestimated for Facebook!" Cai Congxin chased after the victory.
"How much does Mr. Cai think it should be? In my opinion, apart from the natural growth of users, Facebook has not undergone any qualitative changes." Xue Chunhe said not to be outdone.
"NO! In addition to breaking [-] million users on Facebook, there is another big change."
Cai Congxin smiled and shook his finger.
Then the index finger turned and pointed at himself, "That is, there is an extra me."
Xue Chunhe was taken aback, "Then how much can Facebook's valuation increase with the addition of President Cai?"
"Facebook has more than [-] million users, which can increase Facebook's valuation by [-] million! And my joining can increase Facebook's value by [-] million." Cai Congxin said sonorously.
Across the conference table, several people from SoftBank could not keep calm at this moment, and became a little commotion.
This Cai Congxin really dare to say, let alone the fact that Facebook has more than [-] million users, it is indeed a happy event, and it will definitely have a greater impact on Facebook's valuation.
However, what is the joining of a professional manager like you? How can you have the courage to say that you are worth [-] million yuan?
Xue Chunhe's face also darkened, and he said dissatisfiedly: "Mr. Cai, don't forget that when you were in Ali, you were the chief financial officer. When Softbank invested in Ali, the company's valuation was only [-] million US dollars! This includes the valuation of Mr. Cai, an executive."
What he said was true. Softbank invested 2000 million US dollars in Ali and took away 20.00% of the shares.That is to say, Ali’s valuation at that time was only [-] million U.S. dollars, which must have included the valuation of the executive team such as Lao Ma and Cai Congxin. The Alibaba platform at that time was definitely not worth [-] million U.S. dollars.
Cai Congxin took it easy, "Boss Xue is right, but don't forget one thing. The same person, on different platforms, has absolutely different values! Cai Congxin, who was in Ali back then, may only be worth 1000 million U.S. dollars. But today , on Facebook, I can be worth [-] million!"
As soon as these words were said, everyone looked sideways at the man.
Since Yu Wenfei introduced Cai Congxin, he sat there without saying a word, just like Sun Zhengyi who was opposite him, as if he didn't care about the "clash of swords" between the two sides at all.
Hu Jingjing was sitting next to him, listening carefully to the negotiation between the two parties. Now, she finally understood what Yu Wenfei said, "Some people cannot be cultivated within the company"!
There should be another chapter tonight...
(End of this chapter)
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