Perfection of Rebirth

Chapter 350 Facebook is also in a hurry
Zach, who is far away in the United States, is paying close attention to the rapid development of Xiaonei.

Since Xiaonei began to enter the international market such as Japan, Facebook has also accelerated its pace of expansion, especially seeing the rapid increase in the number of users after Xiaonei opened registration permissions to all Internet users in Japan, South Korea and other places.Zach also extended Facebook registration permissions to high schools.

After all colleges and high schools in the United States were able to register for Facebook, the number of users quickly exceeded the 500 million and 800 million mark, and there are already almost 1000 million people using Facebook.

Facebook's performance in the U.S. market has also caught the eyes of investors in Silicon Valley and Wall Street. Many groups of investors have expressed their interest in investing in Facebook.

However, in Zach's eyes, the valuation of more than US$3 million given by venture capital was too low.Since the listing of Google, the popularity of Internet companies in the United States has begun to rise. Coupled with the rapid increase in the number of Facebook users, the valuation has also increased rapidly.

Up to now, there have been venture capital offers that have reached a valuation of [-] million US dollars.This is close to Zach's psychological price.

Although Zach believes that Facebook has a bright future, the company lacks development funds. If it does not raise funds, it will affect the speed of development.

Zach is already preparing for the Canadian branch, the British branch and the French branch.All these require a lot of funds to support the business expansion of the branch.

Although Guanghui Investment owns [-]% of Facebook’s shares, Zach has more voting rights than Guanghui Investment. In addition, Jiang Hui also promised not to interfere with the company’s operations at the time, so basically after Zack is finalized, even if It's settled.

So when Zach and several venture capitalists talked about a valuation of 6000 million US dollars, Facebook's first round of financing was basically settled.First sell [-]% of the shares and get [-] million US dollars of funds.This is basically enough for Facebook to use for the first round of expansion.

When Jiang Hui saw Facebook's financing contract, he was a little moved by the valuation of Facebook's first financing of 22 million US dollars.When Xiaonei first raised funds, the situation was better than that of Facebook, but the valuation was only [-] billion yuan, far worse than Facebook.However, this is also caused by objective factors such as the financing environment. The most important thing is, who made Xiaonei a Chinese Internet company.

After getting its first financing amount, Facebook is increasing the pace of recruitment on the one hand, and on the other hand, it has also begun to enter the international market.Zach is also worried that the international market will be occupied by others.Although Facebook and Xiaonei have agreed that one will focus on the European and American markets and the other will focus on the Asian market, but who knows if other Internet companies will follow suit and steal the limelight from the two.

Taking advantage of the accelerated expansion of Facebook, Brilliant Games has also deepened its cooperation with Facebook. Basically the same as Xiaonei, Brilliant Games has transplanted all its web games to Facebook.

At the same time, the U.S. branch of Tudou and Meituan also increased their cooperation with Facebook and promoted each other.

All of a sudden, Facebook, Tudou, and Meituan have become the most popular Internet companies in Silicon Valley in the past six months, and they have attracted the attention of the American media.

……

Yahoo America reported: Recently, Facebook, an Internet company founded by Harvard student Zack, completed its first round of financing.Founded less than a year ago, Facebook has achieved a valuation of US$1000 million, making it the most eye-catching Internet company in recent years.Facebook is currently the largest social networking site in North America, with [-] million registered users...

……

The Washington Post reported: After Google, Silicon Valley once again ignited a new Internet star.Facebook, which has been established for a month and a year, has obtained a financing amount of 6000 million US dollars in the first round of financing led by Sequoia Capital at a valuation of [-] million US dollars.According to Zach, the creator of the website, Facebook will expand the pace of promotion in foreign markets in the next step, and at the same time consider opening the registration limit to more users in the United States...

……

America Online reported: Recently, the emerging Internet company Facebook completed the A round of financing, and the founder Zach appeared in front of the eyes of the Chinese people for the first time on a large scale.

Zach was born in a Jewish family in New York State on May 1984, 5. His father is a dentist and his mother is a psychologist. He got his first computer when he was 14 years old and has spent a lot of time on it ever since. When he was 10 years old, his parents specially hired a software development tutor for him, and he had classes once a week. The tutor called him a "child prodigy".Shortly thereafter, Zach began auditing graduate computer science classes at a university near his home.According to his father's recollection, when he was sent to class for the first time, the professor pointed at Zach and said, "You can't bring him to class," and his father said he was a student.

Zach has a natural knack for creating simple, easy-to-use software. At the age of 12, he compiled a software called "Zuck Net" for his father's clinic, which enabled online instant communication between the clinic and his home.A year later, America Online, which is popular across the United States, came out, and its principles and ideas are similar to those of Zuck Net.

In high school, he and his friends wrote Synapse, a music playback software that can record listeners’ listening habits. AOL and Microsoft expressed their hope to buy this software and hire Zach with a high salary, but Zach refused. In the fall of 2002, he entered Harvard University to study computer science. and psychology...

……

Harvard Intramural Forum.

"I am great at Harvard, and there is another talented person."

"Zach has dropped out of school, okay?"

"Facebook was first used in our school. Thinking about it, it seems to be a while ago. I didn't expect it to be valued at [-] million so soon."

"Yeah, Zach is now a billionaire."

"I'm also going to take a major in computer science. Maybe one day I will build a website and become a billionaire."

"Haha, it's still not dark upstairs now, I have to dream and do it later."

"Since Google's listing, it seems that Internet companies have come to life, and a lot of news recently is related to them."

"Of course, look at how everyone spends their days. They bring their computers with them in class, either searching on Google, checking their friends' updates on Facebook, or watching movies on Tudou."

"By the way, watching movies on Tudou.com is actually free, as long as you register, how does their company make money?".

"Free is only temporary, and they also have advertisements. For any Internet company, advertising revenue cannot be ignored."

……

Facebook raised its Series A round at a $6 million valuation, making Zach a celebrity in America.Zach's information began to be introduced on various websites.There is a feeling of "no one asked under the ten-year window, and became famous all over the world in one fell swoop".

(End of this chapter)