The richest man

Chapter 288 $1800 Billion

Legendary Technology's primary target is the photo wall instagram.

In order to prevent the founder of instagram from asking for a lot of money and other companies competing with him for instagram, legendary technology company used an overseas offshore company, Andrew Investment Company, to acquire it first.

The negotiation team sent by Legend Technology quickly contacted several founders and investors of Instagram.

Due to the high bid of US$1 million, the founders of Instagram were all moved.

Inside the office, angel investors and Instagram founders discussed whether they could ask for more.

“Frankly speaking, $1 million from Andrew Investment Company is already a very good price, but I think we can ask for more. The Instagram product was only officially launched on the Appstore in October 2010, but the user speed is growing. Three months after launch, we reached 10 million users, so the potential for growth is huge. As of now, we have 100 million users."

The next day, Andrew Investment Company saw the situation and did not raise the price immediately. Instead, they argued hard and tried to keep the price down as much as possible. It was too easy to give in, which would only make the negotiating opponent gain an inch.

"No, no, no, your Instagram is not worth so much money. Instagram is just a software for uploading photos. There is not much good about it. There are many similar software, and Facebook users can also upload photos. The development of Instagram will soon Encountering a bottleneck, there will be more competitors! The future of Instagram is full of uncertainties! Our Andrew Investment Company is also taking a lot of risks in acquiring Instagram, so $1 million has fully expressed the sincerity of our company. What's more , less than a year after Instagram was officially launched, you have cashed out 1 million US dollars, and you have already made a lot of money. Each of you founders can get about 1 million US dollars, become rich, drive luxury cars, and live in big villas , This kind of life can’t help but make many people feel envious! The money you get is money. This is a very rare opportunity to cash out. If you don’t cherish this opportunity and Instagram doesn’t develop in the future, then you guys Looking back at this time, I will definitely regret it!"

Founders and venture capitalists actually want to cash out. There are too many start-up companies in Silicon Valley, and there are not a few companies that have developed rapidly in the early stage like Instagram, but most of them end up in bankruptcy.

If it can be cashed out, it is absolutely unambiguous.

The purpose of everyone's business is actually very simple, that is to make money.

Instagram's founders and investors clearly didn't see Instagram's potential, or they wouldn't have sold the company to Facebook in their previous lives.

Instagram later reached 20 billion monthly active users, how high is its valuation.

Do you say their founders are stupid?Not really.Who would have guessed that Instagram's growth potential would be so great?
After several rounds of negotiations, the Instagram founders accepted a $1.25 million purchase price.

On the same day, Andrew Investment Company signed an acquisition agreement with Instagram.

As soon as the agreement was signed, the person in charge of Andrew Investment Company immediately called Zhang Jun to inform him of the good news.

Zhang Jun was overjoyed when he heard the words, and immediately ordered them to make persistent efforts to acquire the other three targets, and after all the tasks were completed, they would transfer these companies to Legend Technology Corporation.

These three goals, the focus is actually on the housing rental platform Airbnb.

Although it seems that Snapchat's market value in the previous life was higher, reaching more than 1300 billion U.S. dollars at one point, its users are mainly young people, and its portraits highly overlap with the international version of Douyin TikTok.At present, in the social field of young people, new social media such as "Widget social components" are leveraging TikTok traffic to increase exposure, achieve user growth, and attract the attention of young people in Europe and the United States.

The Airbnb housing rental platform is simply a homestay platform. China’s tourism industry is extremely developed, and homestay rental is a market with great potential for explosion.

In the previous life, the market value of Airbnb was as high as nearly 800 billion U.S. dollars, while Snapchat’s market value plummeted from 1300 billion U.S. dollars to 207.93 U.S. dollars. In the future, under the competition of software such as Tik Tok, Snapchat’s revenue will decline for a long time, and it may eventually fall into the abyss...

Andrew Investment Company is continuing to act, and Zhang Jun has already begun to promote Uber's listing.

A few years have passed, the subprime mortgage financial crisis has passed, and the global economy is improving. Zhang Jun intends to take advantage of the situation to list Uber, and those investment companies are very anxious, and they call from time to time to ask Zhang Jun when to list Uber.

Uber’s IPO started preparations at the beginning of the year. On August 2011, 8, Uber was finally listed on Nasdaq. On the day of listing, it attracted worldwide attention and its stock price soared. By the end of the trading day, Uber’s market value exceeded 20 billion US dollars. !
As soon as the news came out, it immediately spread all over the world, causing a huge sensation.

Baidu Li Yanhong: "Uber's market value is so high, Baidu should launch Baidu Taxi? At present, the concept of unmanned vehicles is becoming more and more popular, AI is Baidu's strength, Baidu develops unmanned vehicles, and in the future, Baidu Taxi may be able to replace Uber!"

Boss LeEco Jia: "The ecological gameplay is the most powerful. LeEco builds cars, builds a professional online car-hailing fleet, and launches LeEco taxis. It may not be impossible to occupy a place in the field of travel! The battle has just begun!"

After seeing the news, the celebrities clicked their tongues.

"Yifei, look at the news. The boss's company, Uber, went public on NASDAQ. On the day of the listing, the market value was as high as 1800 billion US dollars!!" Yang Mi walked up to Liu Yifei and showed her her phone.Both of them are currently filming on the crew of "Legend of Sword and Fairy 3", and together with Huang Shengyi and Wang Luodan, they were named the new "Four Little Flowers" in Mainland China.

On January 2011, 1, "Gong Suo Xin Yu" starring Yang Mi started broadcasting, setting off an upsurge. With this drama, she was listed on the Forbes China Celebrity List for the first time, and won awards including the "Magnolia" Award at the 31th Shanghai TV Festival. "Most Popular Actress" has won many film and television awards, and the theme song "The Offering of Love" sung by him has also been widely sung.It can be said that Yang Mi's popularity is very hot now.

However, Yang Mi heard that Liu Yifei had communicated with Zhang Jun and was personally interviewed by Zhang Jun. Yang Mi secretly thought that Liu Yifei might have an unusual relationship with Zhang Jun.

Therefore, Yang Mi's attitude towards Liu Yifei is very warm, like a sister.

After reading the news, Liu Yifei was shocked and said, "Really, my God, the market value is so high, it's an astronomical figure!"

Yang Mi was also extremely shocked, and couldn't help but think how rich his boss is, if he could hug his thigh, he would have no worries in this life.

All investors in Uber were overjoyed when they saw this!
At the beginning, when they raised Uber, Uber’s valuation was 600 billion US dollars. At that time, many investment companies retreated, but they still gritted their teeth and persisted, and finally gained a lot. Uber's market capitalization has risen to $1800 billion, but that's clearly not the highest market capitalization.

Uber is still competing for the first position in the taxi-hailing market in various countries around the world. With advanced technology and huge funds, Uber is almost invincible.Even if you can't beat the opponent, you will acquire or invest in the opponent through strong capital strength, so as to realize your own market position in the travel field.

With a shocking market value of US$1800 billion, Uber has become the hottest news in one fell swoop.

At the same time, Uber's brand value has been greatly enhanced.

Generally speaking, people trust big companies more.

So after Uber's listing, the market value of 1800 billion US dollars is enough to prove that Uber is a big company.

Zhongguancun, China.

Zhang Jun did not go to NASDAQ to ring the bell, but he was actually a little worried that the United States would detain him there.

After all, it's not that Lao Mei has never done similar things, which makes Zhang Jun feel lingering fear.

Uber went public successfully, and the celebration banquet was also held here.

CEOs of Softbank Sun Zhengyi, Sequoia Capital Don Valentine and several other investment companies came to Zhongguancun to attend the celebration banquet.

In addition, more executives or representatives of investment companies came to the dinner.

The banquet was held with great grandeur.

The reporters who knew these bosses were all shocked!

"My God, Sun Zhengyi, Don Valentine... so many big shots, no matter which one of these people has incomparable influence in the investment world, they all gathered at this banquet... "

"Fuck, I feel that the scale of this banquet may be even bigger than some countries' summits!"

"Birds of a feather flock together, and people are divided into groups! Mr. Zhang Jun's social circle is completely different from ordinary people!"

"..."

Sun Zhengyi squatted in front of Zhang Jun with a glass of red wine: "Mr. Zhang, congratulations, Uber has been successfully listed, and its market value has exceeded 1800 billion U.S. dollars!"

Holding the wine glass, Zhang Jun took a sip, and said with a smile, "We're both happy and happy. Softbank's investment in Uber is naturally a huge profit! By the way, Mr. Sun, I wonder if you are interested in "Where to go for takeout"? "

Sun Zhengyi's eyes lit up when he heard the words, "Mr. Zhang, where is going to raise money? "

"Well, conduct a round of Pre-IPO, and then go public." Zhang Jun nodded with a smile, but at the moment he was thinking in his heart, since Uber travels, he doesn't intend to make money, benefit users, just maintain a balance of payments, so does food delivery. Similarly, he also does not intend to make money from it and increase consumers' favorability with legendary technology companies.

If you don't make money yourself, who can beat yourself?

Legendary Technology Company uses this to build an ecological moat, who will compete with it!
So, since the takeaway software doesn't make money, why not use it to go public and get a wave of funds back...

Sun Zhengyi was quite surprised at this moment!

The takeaway market is getting bigger and bigger, especially in China, where most young people like to order takeout.

In Europe and the United States, the food delivery market has also begun to grow.

"Mr. Zhang, if "Qunar Food Delivery" needs financing, then Softbank will definitely show the best sincerity! ! ! "Sun Zhengyi assured.

Zhang Jun nodded with a smile, and said, "Of course I believe in SoftBank's sincerity, Mr. Sun, please rest assured that when "Qunar Food Delivery" prepares to raise funds, I will definitely notify SoftBank! "

"Thank you Mr. Zhang for giving us the opportunity of Softbank!"

……

Zhang Jun wandered around during the banquet, and told the CEOs of major investment companies that "Qunar Takeaway" was about to raise funds.

Needless to say, they were all excited, all of them were like Sun Zhengyi.

It is not difficult to predict that "Qunar" may also be able to raise a sky-high price!
Zhang Jun smiled lightly. Uber’s IPO raised another US$150 billion. In addition to the previous Pre-IPO financing, Uber’s own funds are very large, holding nearly US$400 billion!
The benefits of listing and financing can be seen from this, even Zhang Jun can't help being moved.

Uber is still losing money until now, but its market value is getting higher and higher, and it also has huge funds, which makes Zhang Jun more tempted to promote his own company to go public.

In Zhang Jun's view, except for some core industries that do not need to go public, other companies can go public for financing. Before going public, selling stocks and cashing out quickly will allow Legendary Technology to obtain a lot of funds.And these financing companies can also get the support of many investors, which is conducive to the development of these companies, such as Uber. Before financing, Uber’s development has been hindered and made things difficult. After the giant’s investment, Uber’s development has been smooth. In many things, these capital forces will take the initiative to help Uber overcome difficulties.

Right now, Zhang Jun has decided to promote the listing of "Qunar".

The reason why "Qunar" was first listed is because Zhang Jun wanted Uber to invest in "Qunar" and become a strategic investor.

Moreover, Zhang Jun feels that Uber’s $400 billion cash deposit is not spent, which is a bit wasteful.

……

……

Just when the outside world is still immersed in the shock of Uber's listing.

A gossip spread like wildfire in the investment circle.

"What, "Qunar" also needs to conduct Pre-IPO financing? ! ! "

"Is this news true or false? If it is true, our company must seize this opportunity. Last time we felt that Uber's valuation was too high, so we gave up. It turned out that we were wrong and lost a lot! In any case, this time, we have to invest in "Qunar"!With the popularity of smartphones, people order food more and more.And takeaway products are no longer limited to gourmet food, even medicines, clothes, books, electronic equipment and other commodities are also takeaway products!I feel that the food delivery products in the future will be delivered almost without delivery. The essence of the food delivery platform is actually a local life service platform in the same city!Moreover, "Qunar" ranks No. 2010 in the travel and travel query and hotel booking market in the industry; and "Qunar Shopping-Pinduoduo" is a third-party social e-commerce platform for group shopping, which created an annual turnover of ( GMV) is an astonishing result of 1.2 trillion yuan! ! !In my opinion, the development potential of "Qunar" is much greater than that of Uber, and its valuation may be sky-high! "

"..."

At this time, many Chinese investment institutions that started with the word "country" were also moved after hearing the news, and immediately sent someone to contact Zhang Jun to confirm the authenticity of the news.

After learning that Legendary Technology would indeed allow Qunar to raise funds, he immediately stated that he could also invest in Qunar, and that he was able to help "Qunar" develop the domestic market and solve some policy issues.

For a time, Zhongguancun ushered in investment companies from all over the world.

Some investment companies did not set up a branch in Zhongguancun before, but since Legend Technology began to frequently promote the financing and listing of its subsidiaries, these investment companies decided to establish a branch in Zhongguancun.If you don't set up a branch in Zhongguancun, it is very likely that when you receive the news, someone else has already negotiated financing cooperation secretly.

Venture capital companies are clustered together on a certain street in Zhongguancun. Gradually, this street has become a beautiful landscape, and it has also become the most desirable place for all startups in China...

PS: There are too many things to do today, and there are fewer updates

(End of this chapter)