Wind Rises 2005

Chapter 605: Being knocked unconscious by money

What does it mean to be rich and willful? The bald old man in front of you really fully illustrates this point.

There is no need to consider the valuation price when playing venture capital, and the LP father will not press for repayment after raising funds. To be honest, Ma Liang is a little envious of him.

But he was only envious for a few seconds and didn't really take it seriously.

The top bosses feel comfortable with their money, but that doesn’t mean they never have to answer to others. On the contrary, they will lose their freedom and autonomy even more.

Judging from the desperate efforts of Yuri Milner, a bald old man, in his previous life, it is enough to see how much pressure the opponent is carrying.

Unlike many domestic capital tycoons, it’s not a big deal to have fun every night.

Although Ma Liang also wants to make more money, he doesn't want to become a slave to money. People always talk about wealth and freedom, but don’t they know that the word “freedom” is far more important than “wealth”.

Although he was a little dissatisfied with the behavior of Yuri Milner, the bald old man, he had to admit that what the other party said was indeed reasonable.

As long as Facebook can get enough financial support, it is impossible to be completely defeated by Twitter.

This has been verified in previous lives, but at that time the situation was reversed.

In Ma Liang's previous life, Facebook had an absolute advantage and even wanted to acquire Twitter entirely.

At that time, Zuckerberg's offer for Twitter was 1 million in cash and 4 million US dollars in stock, and the price was still negotiable, but it was still severely rejected by the four major Twitter companies.

Although Facebook has been crushing Twitter since then, Twitter has not been completely defeated.

Not only did it raise multiple rounds of financing, it even received support from the DST Fund until it was successfully listed.

Although the situation is now reversed, and Twitter is indeed confident of winning, it is not easy to completely kill Facebook.

If the DST Fund really spared no effort to support Xiaozha, there might be something wrong.

I dare not say anything else, but Facebook can still do it to add some blockage to Twitter.

Even if it can't save the situation, it can still steal a lot of Twitter's traffic, thereby affecting Twitter's valuation.

I have to say that Yuri Milner, the bald old man, was indeed prepared and grasped the key to the negotiation at once.

Ma Liang naturally did not show any timidity, and he replied with an indifferent expression: "Although I don't want to admit it, Mr. Yuri's words still make sense.

But so what, Twitter is not afraid of challenges or any threats.

If Mr. Yuri just wants to say a few harsh words, then there is no need for us to talk further..."

"Hahahaha, I knew Mr. Marlon was extraordinary!

When I saw it today, it was indeed the case. "

The bald man laughed, and then suddenly changed his attitude, "I'm sorry, I was just a little test earlier, please forgive me."

Ma Liang became even more angry when he heard this: "Testing?"

"Yes, Mr. Marlon, after all, we met for the first time, and sometimes we have to use extreme means to see something deeper.

If I offended you, I sincerely apologize again.

However, Mr. Marlon's performance surprised me and further strengthened my determination to cooperate with you in depth.

You can completely ignore what I said before, because it doesn't matter.

DST Fund's investment in Facebook will not hinder our cooperation, and we will not use this matter to ask for anything.

Again, DST funds never get involved in the specific operations and management of the companies they invest in.

Even if Facebook eventually fails, we will not intervene. Losing hundreds of millions of dollars is nothing to the DST Fund.

What really concerns us is always the future and more value investments. "

Ma Liang was also amused by this bald old man. He was still thinking about how he could act like someone else, but after doing it for a long time, he was acted out by someone else.

But no matter how beautifully the other person said it, he responded in the same way: "Mr. Yuli, I don't like to joke like you, and what I said before is true.

Twitter currently does not open a financing window to the outside world, and it will have to wait until two months at the earliest. "

“Then why are there rumors in the industry that Google and Apple have already invested in Twitter in this round?

And since all the institutions that invested in the previous round can follow in the investment, why should we reject funds from external institutions? "

This was what Yuri Milner couldn't understand the most. It was also the first time he heard that financing was done like this.

Seeing the other party's reluctance, Ma Liang could only explain tactfully: "Sorry, Mr. Yuri, the specific details involve Twitter's commercial secrets, and it is not convenient to disclose them to you for the time being.

As for why we should reject funding from external institutions, the reason is actually very simple. It is that existing shareholders believe that Twitter’s value is seriously undervalued.

I hope that many things will become clear over time, and then it will be the right time.

But I can assure you that Twitter’s Series B financing window will be open to the public in two months.

Everything will be revealed when the time comes, just wait and see! "

Although Ma Liang declined, the other party still did not give up.

"Mr. Marlon, no matter what the situation is, our DST Fund is absolutely sincere in investing in Twitter, and I hope you can understand this.

As long as DST can get a chance, not only are we willing to take action this round, but DST will even continue to follow up in the next round. We have specially prepared one billion US dollars for this purpose, and the amount can be increased if necessary. "

Bald Yuri finally started to play his cards right, and the numbers that came out of his mouth were exactly what he said, full of sincerity.

And they also promised to prepare more funds for Twitter if necessary.

Ma Liang couldn't handle the other party's bold "confession". He can easily get more than one billion US dollars. Does he want it or not?

Once Twitter gets such a large sum of money, it will not only be able to easily overcome the difficult period caused by the subprime mortgage crisis, but also make great strides in development.

In particular, they can take advantage of the global economic recession in recent years to invest heavily and make acquisitions, laying a solid foundation for future outbreaks.

This is what Facebook did in its previous life, and it eventually became a technology giant.

If Twitter can get the support of this billion US dollars, wouldn't it be able to build a more powerful business territory than Facebook?

But Ma Liang only hesitated for a moment and still chose to refuse: "Sorry, Mr. Yuri, I do feel your sincerity, but I still have to reject you with regret.

After all, in two months, Twitter's valuation will definitely not be at the same level as it is now, and it will even increase several times.

If we open the financing window now, we will sacrifice the interests of most shareholders. I'm sorry that I can't do it! "

After all, the current valuation announced by Twitter is only US$150 billion.

But after two or three months, or even by the end of the year, Ma Liang hopes that this number can move towards more than 300 billion US dollars.

If possible, it can even hit a valuation of US$500 billion.

Therefore, by opening the financing window in advance, the benefits sacrificed are far more than the billions of dollars invested by DST.

"Oh no, I think Mr. Marlon you have misunderstood again.

I don't intend for you to agree to DST's investment in Twitter now, but I hope to give us a qualification in advance.

For example, like the old shareholders of Twitter, make a small investment first to get a ticket.

As for how high Twitter's valuation will be in two months, it is not within our consideration at all. We are willing to invest no matter how high it is.

Again, DST only looks at the investment value and will not get involved in the business management of the company.

In this case, it doesn't matter whether the valuation is high or low. We don't care about the shareholding ratio and only focus on financial investment.

If Mr. Marlon can facilitate this matter, DST will be grateful in the future. "

Bald Yuri patiently stated DST's investment philosophy again, trying to convince the young but already famous investor in front of him.

But Ma Liang remained unmoved: "Mr. Yuri, I understand the truth, but..."

The board of directors just finalized the charter for Twitter's Series B financing a few days ago. It would be bad to make an exception for the bald old man in front of me.

After all, if he always goes back on his words, it will damage the prestige of his boss Ma.

"Mr. Marlon, don't refuse in a hurry. As far as I know, the [Dale Capital] you founded has not established any private equity funds so far.

If [Dafeng Capital] wants to expand in this area in the future, DST will spare no effort to support it.

For a quota of less than one billion US dollars, I can personally give you a guarantee at any time. If you want more, I can get that for you too.

Sincerely, please give it some thought..."

Yuri Milner finally revealed his trump card, and there was no way around it.

In order to invest in Facebook, he had already made many bottom-line promises to Zuckerberg.

No way, they are the capital from the polar bear country.

Any startup company that wants to thrive in the United States will be concerned about this when accepting their investment.

Therefore, it is difficult for DST Fund to open up the situation, and it has to use some extraordinary means.

Moreover, he knows his own affairs. Yuri Milner is determined to win the first battle of DST, even if he fails, so that he can attract more top-level support from the Polar Bears.

Therefore, he must use a big victory to prove himself to the top bosses of Lao Maozi Country.

Therefore, for the DST Fund, it does not matter whether it invests in Twitter or Facebook.

No matter which party successfully goes public in the end, it will bring him a strong success story.

If Twitter and Facebook could merge into one company in the future, that would be even better for DST.

So investing money is not a problem, the problem is that he, Mr. Yuri, must win.

If it really goes as he wishes, the DST Fund will never be short of money in the future, and the one billion US dollars promised to Ma Liang will be nothing more than drizzle.

As the saying goes, one force can defeat ten people. Yuri Milner wanted to use this extremely violent dismantling method to break the situation and completely open up his own path to a venture capital boss.

It's just that he is too arrogant and doesn't take one billion or two billion US dollars seriously.

But it came so suddenly that Ma Liang was knocked unconscious in an instant. He was talking to Jennifer about private equity funds during breakfast earlier.

Isn't this because I was dozing off, and someone took the initiative to give me a pillow?

(End of this chapter)