Wind Rises 2005

Chapter 602 Let’s do it

As long as there is a glimmer of hope, no one is willing to admit defeat.

The same is true for Zuckerberg. His greatest confidence at this time is that there are still giants and big capital standing behind him.

If there is no capital backing, just surrender.

Xiao Zha was secretly glad that he had lowered his valuation and completed Series C financing not long ago, otherwise he would not have any ability to resist now.

Although the situation is extremely bad now, at least we still have hundreds of millions of dollars in our hands.

This is a lot of money, enough to continue to do many things. Even if you can't win, you can still make trouble.

As long as the dog barks fiercely enough, it will definitely attract people's attention.

Looking back, if Twitter wants to reach the top, it may have to acquire Facebook. At that time, I can still make more money from selling, and it will be considered worthy of the capital behind it.

In this way, when he starts his business again in the future, capital will strongly support him.

It has to be said that Zuckerberg's calculations were very precise. He quickly adjusted his state and made the most correct choice at the moment.

Orders were issued one after another, and all of Facebook took action.

It not only selected various developers from overseas, but also recruited all applications and game products that can attract traffic and increase revenue for Facebook.

At the same time, it will increase advertising investment and fight to the death to close the gap with Twitter.

Xiaoza has only one goal, and that is not to be pushed too far away by Twitter, let alone be suppressed to the point of collapse.

At the same time, he called Microsoft CEO Ballmer.

Now that Twitter has announced its strategic cooperation with Apple, Facebook cannot be left behind in terms of public opinion.

Since Ballmer has taken advantage of Facebook, he naturally has to help.

The next day, Microsoft and Facebook announced at the same time that the two companies also reached a strategic cooperation and will work together in advertising and big data to explore new possibilities.

Although this announcement seems a bit ridiculous to those in the venture capital industry, it does not prevent Xiaozha from trying to deceive public opinion.

At the very least, Facebook has saved some face in terms of reputation.

As a result, many media are also very good at causing trouble, and they have gathered around the Big Four of Twitter to conduct interviews and want to ask them what they think about this.

As a result, Big Ivan and Jack sneered and did not respond directly at all.

Everyone is on the same page now and dare not say anything about the upcoming Series B financing.

As for Facebook’s actions, everyone has only one sentence: wait and see in two months!

……

Ma Liang naturally didn't care when Zuckerberg was jumping up and down.

Now that Twitter's overall situation has been decided, it is only a matter of time before it wins the battle for the king of the social track.

No matter what trouble Zuckerberg may cause, he has plans waiting for him.

Wait until the subprime mortgage crisis completely collapses in a few months, and everything will be settled. As long as the Series B financing is completed, Twitter will have enough strength and will no longer be afraid of any threats.

By then, it will be self-evident who is the most handsome guy on this street in Silicon Valley.

So now Ma Liang was too lazy to care about those things. He took Sister Jiang University to have a good time in San Francisco for a few days.

Before the two of them could get close to each other, Jennifer came to the door again.

"BOSS, Rachel, you two bosses are too much of a hands-off boss. Don't you care about all the affairs of [Dale Capital]?"

"If you have something to say, please don't go online!"

Ma Liang and Jiang Yinqiu had just gotten up and were about to go downstairs to the restaurant to have breakfast, but they were blocked in the suite, so they responded angrily.

Jennifer glanced at University Sister Jiang. The fair skin on her slender neck still had a hint of blush, and she couldn't help but think about it.

Look at this girl's erotic love. The two of them had sex again so early in the morning, right?

When she thought of this, she felt depressed for no reason: "Humph, let's just talk about things. Are private equity funds still going to be established?"

"Come on, aren't you fully responsible for everything?" Ma Liang replied with a headache.

To be honest, he only had a general understanding of how private equity funds worked. As for the specific operations, he had to rely on the blond and blue-eyed subordinate in front of him.

Jennifer became even more angry when she heard this: "I can decide everything by myself, so why do I ask your boss?"

"Okay. Okay, have you had breakfast? How about we go downstairs and talk while eating!" Ma Liang didn't dare to be too angry with this capable general, so he waved his hand, took Sister Jiang University and took the lead in the direction. Go to the elevator.

The breakfast in a five-star hotel is naturally quite sumptuous.

It's just boring to eat too much. After all, Ma Liang has a Chinese stomach, so he still prefers breakfast snacks from Greater China.

The three of them chatted about business while eating breakfast.

At this time, except for a fried egg, a few slices of smoked bacon, and a cup of black coffee, Jennifer's plate had no other staple food.

She has always paid great attention to body management and did not dare to eat more.

Who knows that most European and American people are prone to obesity? Even though she is incredibly beautiful, she also pays attention to diet control.

After all, Western women age very quickly, which makes them envious of their Eastern counterparts.

Moreover, Jennifer still has a strong sense of age crisis, especially after meeting Sister Jiang University, this feeling became even stronger.

Seeing the sumptuous breakfast on the plate of the landlady, as if she would never gain weight, she felt envious, jealous, and resentful. It was so irritating that people were so much more powerful than others!

Jennifer suppressed her appetite and hurriedly changed the topic: "BOSS, how much money do we plan to raise for the first phase of our private equity fund?"

“It’s up to you, it’s 300 million U.S. dollars, or 500 million U.S. dollars.

Anyway, it’s just a test of the waters. I haven’t given you any task targets, so I can do as much as I can! "Ma Liang was busy dealing with a piece of pan-fried cod and responded nonchalantly.

When Jennifer heard this, she was immediately dissatisfied: "That's no good, you can't just mess around, otherwise you will lose the reputation of [Wind Capital].

Based on our current reputation, if you ask me, we will work directly towards 10 billion US dollars.

As long as Twitter's next financing can proceed smoothly and our organization's performance is shown, fundraising will not be a problem at all. "

Jennifer is quite confident about this. You must know that [Gale Capital] invested in Twitter in the angel round, and it has followed up in the next two rounds.

From a valuation of several million US dollars, it has invested all the way to a valuation of 150 billion US dollars. The key is that it is not over yet.

According to the plan formulated by Ma Liang, the final valuation will go straight to 500 billion US dollars.

By that time, [Dafeng Capital]’s earliest investment will have doubled by nearly ten thousand times, and even subsequent rounds of follow-up investments will have hundreds of times of return on investment.

Based on this achievement, it can’t be too difficult to raise funds.

Especially in the current bad environment of the subprime mortgage crisis, [Wind Capital]'s performance is even more eye-catching.

The worse the economy is, the more resources will be concentrated toward the head.

It was also because of this rule that Ma Liang dared to give Twitter a valuation of US$500 billion.

After all, after the subprime mortgage crisis completely collapsed, super unicorn companies like Twitter must be one of the best investment targets.

Not only is the risk extremely low, but it also has extremely high investment returns, which will definitely attract enough capital to follow up.

The same goes for [Dafeng Capital]. As long as the investment performance is good, it will not be too difficult to raise funds. It is just the difference between raising more and less funds.

But Jennifer's posture is obviously ambitious, and she actually called out a goal of 10 billion US dollars.

You must know that raising such a large amount of money is not free, and LPs also have very high performance evaluation requirements for GPs.

The investment return is guaranteed to be at least 10%-20% per year, and may even be required to be higher.

Otherwise, why do you take so much money from others, why do you charge fund management fees, and why do you rely on claiming a 20% performance commission (carry).

Once the raised funds expire, even the principal and interest must be returned to the LP (investor).

This is why most venture capital institutions will not accompany start-up companies to the end, or even wait until they are listed, and they are eager to cash out.

After all, other investment institutions also have performance pressure, and they feel like they are carrying debt all day long.

If the fund's performance is not good and it doesn't even pay out money after maturity, then investors with five to six investors will probably not be able to survive in this industry.

Of course, there is also a lot of chaos in the financial industry, and there are a lot of chaos in various private equity and public offerings.

But it is precisely because of this that it becomes even more apparent that [Dafeng Capital]'s reputation is not easy to accumulate and cannot be destroyed casually.
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PS: The next chapter will be later, sorry!

(End of this chapter)