Actually I just want to act

Chapter 791 Let it be fruitless!
Feixun's preparation for the A round of financing spread like wildfire.

Capital is like sharks that smell blood, they will flock to wherever there is money to be made.

Domestic Internet counterparts are all envious.

They are still exploring the profit model, but Feixun can still be favored by major capitals in the cold winter of the Internet.It can only be said that the drought dies, and the flood dies.No, Cheng Dongquan, chairman of Surf.com, called Fang Jiming immediately. "Fang Dong, you are really unreasonable, start financing at this time?!"

Fang Jiming smiled, knowing what Cheng Dongquan was referring to, and said, "I'm in a hurry to go public."

"Listed..."

Cheng Dongquan had a bit of bitterness in his mouth. This is a matter that is far away, and he doesn't even know if Surf.com can be listed. "Fang Dong, your ambition is really big!"

"Time doesn't wait for me. Who can guarantee that in the future, no one will be more fierce than me?" Fang Jiming said seriously, he really thought so.You must know that in the Internet industry, it is not impossible to be killed by a rising star. Whether the moat is dug deep or not is the key to the survival of an Internet company.

Just like Tencent in the previous life, with one billion users in hand, this moat is simply amazing.Even Ali is not as powerful as Tencent.

Well, Ali has already been killed by Pinxixi in terms of the number of users.Although in terms of profit, Pin Xixi is still far behind, but they just burnt money and beat the old master to death, what can you say?It can only be said that money can really do whatever it wants!

I don't know that Pin Xixi burned so much money, and it took years of the monkey to make it back.

Cheng Dongquan also had the same feeling, there are so many people in China, there is a second Fang Zhiming who can't keep them all!
Even if he is not as young as Fang Zhiming, as long as his achievements are comparable to Fang Zhiming's, he can make it difficult for other colleagues to survive.No way, in the era when the cake was huge, a dog's brain could be punched out.Not to mention that the cake has not yet grown, and the fierce competition can scare off many people.

But now is also the period when the cost of starting a business on the Internet is the lowest. As long as you have relevant knowledge, you can support a website by yourself.Of course, it's tiring.

"Fang Dong's sense of urgency makes me a little ashamed."

Cheng Dongquan smiled wryly, "Then when is Fang Dong planning to go public?"

"do not know."

Fang Jiming said very bachelorly, "This financing has not passed three rounds, how can we talk about the listing?"

Cheng Dongquan sighed, and said: "If you are confident, you can go public with the A round of financing." Indeed, going public has nothing to do with several rounds of financing, and there is no hard and fast rule that a company needs to raise funds or complete several rounds before going public. For financing, some companies can go public even without financing as long as they meet the listing requirements.

Fang Jiming felt that it was a good thing to raise more money, because it was to adjust the equity structure and allow the first round of financing to exit smoothly.Because Fang Jiming knew that in the case of angel round financing, the founder suffered too much.No way, angel rounds usually exchange a small amount of money for a high amount of shares, which is not good for the next financiers.

Then, the next financing is to dilute the shares of these angel rounds of financing, so that those investment banks, venture capital and other institutions will not take away the management and decision-making power.

Therefore, it is safer to go public after the angel round, A round, B round, and C round of financing.In this way, not only the number of people holding shares has increased, but also the conditions for listing have been met.The most important thing is that after having funds, more projects can be launched to allow the company to develop better.

Fang Zhiming was not stupid, he smiled and said, "Wouldn't it be better to have a few more rounds of financing to dilute their shares?"

"It's also diluting your own shares!"

Cheng Dongquan said seriously, "If your own shares are less than a certain amount, it is actually very dangerous. Even in the board of directors, there is no veto power."

"This can implement the AB share system."

Fang Jiming said, "It is basically impossible to control my company. By the way, the financing institutions that invested in Feixun have signed this agreement with me. In fact, even if I don't propose this round of financing, they will Proposed." Indeed, these venture capital and investment banks invest in you, not to let you use the money as water, but to hope to get a corresponding return.

If you don't go public, how can they maximize their profits?

Cheng Dongquan was taken aback for a moment, and then said desolately: "I asked those people to vote for me again, but they refused."

"That's because you can't prove that you can make money."

Fang Jiming smiled and said, "As I said before, it is very important to have a mature profit model. If you can go against the trend and make a lot of money in this season, people will rush to invest in you!"

"It's too early for no profit!"

Cheng Dongquan smiled wryly, and he also understood the rules of this world.

If you can't make money for capital, why should capital favor you?
You know, capital not only represents money, but also greed, and even blood-sucking.

This is the characteristic of capital.

Fang Jiming smiled and said, "That's right. Surfing.com is such a good website. It's really a pity not to think about the direction of profit. I see that many websites are imitating the website of Yingjiang. You should pay more attention to it. If there is a website similar to Twitter, Fang Jiming doesn’t know if Yingjiang has a Twitter-like website, and if there is, it is estimated that there will be a lot of people in the country to follow suit.

Of course, following the trend is also a technical job, which is a test of judgment.

For example, if you are slow to follow the trend, and others take a step ahead, you will be one step behind; if you are too fast to follow the trend, if Ying Jiang doesn’t get up, you will mess up, which is also embarrassing.It's fine if you get it done, but it will be even worse if the water and soil are not acclimatized.

It's as if Facebook was very popular on Yingjiang's side in the previous life, but Renren.com and the like on China's side are in a mess.He clearly had the upper hand, but in the end he still lost in a complete mess.If it weren't for his feelings, no one would play Renren in his previous life.

Of course, this is also inseparable from Tencent.

Obviously it was the first farm run by others, but Tencent immediately followed suit, making Renren dumbfounded.The most important thing is that Renren's Happy Farm is not as good as QQ Farm, which is very painful.Ever since, in terms of user competition, Renren is at a disadvantage.The next few Internet social revolutions did not keep up, and finally fell into that kind of field, completely turning into a third-rate website.

Cheng Dongquan was stunned: "Our portal website is also copying... Oh no, borrowing from Yingjiang's side?"

"Maybe they will come up with new tricks?" Fang Jiming said with a smile, "Ying Jiang is our teacher. We should learn what we should learn. After learning well, it is also possible to overtake. Look at my QQ, it is not in China now. Has it surpassed ISU? I guess, ISU will withdraw from China soon. Not to mention ISU, even if MSN enters, I will let it have no good fruit!"

(End of this chapter)