Global Monopoly of Technology

On this North American trip, Luo Sheng stayed in the United States for more than half a month. When he returned to China, it was already January 14.

YouTube's three founders would actually join Bluestar Technology's North American branch under such a coincidence. This is quite a surprise for Luo Sheng. It can be seen that it is right to set up the branch in the Silicon Valley area of ​​the Bay Area.

During the time of a business trip in the United States, the news of the B round of financing has already passed back to China, and it only sold 10% of the $ 325 million in financing, with a valuation of about 27 billion yuan, becoming the first unlisted monopoly in China. Beast-level startups.

数字 These figures accompany the news published in the media, making the domestic Internet community feel astonished. Its financing limit and the proportion of equity transfer have taken the eyes of the industry.

Bluestar Technology was established in February last year, and it is still less than one year since its establishment, which is about 11 months. In less than one year, four rounds of financing from angel round financing to this time have been carried out. Secondary financing.

The first time was $ 120,000, the second time was $ 9.3 million, the third time was $ 72 million, and the fourth time was $ 325 million. In less than a year, Luo Sheng has become an investor and took away $ 400 million. Financing.

The financing process is a myth, and there is absolutely no second company in the industry.

同行 For my colleagues, when I heard the news, I was extremely shocked, and even doubted its authenticity for a time, but after it was proved to be true, I was full of envy and envy.

I'm so angry!

Is also an Internet entrepreneur, so the gap is so big?

跑 He broke his leg for a sum of money, and he may not get it. He just walked for hundreds of millions of dollars.

When the news came back to China, major media outlets were reporting on Luo Sheng's Wall Street trip. At the same time, the attention of all parties focused on the startup of Bluestar Technology.

It is accompanied by many industry insiders who have the same questions: Why is Bluestar Technology valued at 3.25 billion US dollars, or 27 billion yuan?

As a start-up company that has been in existence for a month and a year, it is not only young, but has not yet created a penny of profit.

Why can I be so favored by capital?

不到 Less than a year, four consecutive investments, exaggerated one after the other, and invested in Luo Sheng to make him toss, are you not afraid to play?

The key is that the investment institutions endorsed by Luo Sheng and Blue Star Technology are larger than one, IDG, Venture Capital, Huajin Securities, Sequoia, SoftBank, Morgan (an investment bank), Goldman Sachs, and any of them is in the capital circle. They all exist like thunderbolts.

For another startup company, as long as any one of the investment institutions endorses the company's financing, they are all very happy and can publicize it.

However, while the outside world was shocked by the birth of this huge financing, when they saw the list of investors of Blue Star Technology, almost all of them were Wall Street Capital, a new voice of doubt, or rhythm, suddenly appeared in the industry.

Uh ...

"Please come in."

In Luo Sheng's office, today is the second day after he returned to China. After taking a day off yesterday and reversing the jet lag, he started to work today.

The person who walked into his office was Zhang Bowen, the company's chief operating officer.

"Mr. Luo, there has been some negative news from the company in the news these days." Zhang Bowen said as he came in.

"Negative news?" Luo Sheng could not help looking up at the other side.

"Yes, a lot of media and online public opinion are questioning whether Bluestar Technology is a domestic company or a foreign company? Why not find a domestic investment institution and so on?" Zhang Bowen said.

After hearing this, Luo Sheng shook his head with a smile and sighed softly, "I'm afraid this question must be asked of domestic VCs. In the early days of the company's establishment, I personally ran more than 30 institutions, almost all of which I ran again, and unfortunately no one voted for me. "

Xu said Luo Sheng spread his hands. At the beginning of the company's establishment, he really wanted to introduce domestic venture capital, and only at that time had the opportunity. The reason was simple.

First, there will not be much money in the initial stage, but the equity will not be small. In the angel round financing stage, Tencent spent 8 million to get 8%; second, the strength of domestic VC institutions is not very good. Cannot compete with foreign capitals such as Goldman Sachs and SoftBank.

In fact, Luo Sheng still opens the door for all the capital, but the problem is that there is only one Huajin Securities, or the national team. Now it is too late for domestic capital, 90% of investment institutions can not be hooked, now This financing is a sky-high price of several hundred million dollars. How many venture capital firms in China have such strong capital? How many more capital institutions dare to invest so much money in Bluestar Technology?

罗 In Luo Sheng's original vision, Bluestar's financing process, the initial angel round and the pre-A round, were led or followed by domestic capital. At this time, the valuation was relatively low.

Starting from the Series A financing, it is necessary to take the initiative to introduce external capital, mainly Wall Street capital.

First, the valuation of subsequent financing is high, and more money is generated. Second, there are certain requirements for the venture capital itself. Both background and strong capital are required. Wall Street capital is the best choice.

Because this is also related to the company's global layout, without the introduction of Wall Street capital, Bluestar Technology's difficulty in going overseas can be described as hell. Even if Wall Street Capital is introduced, it will still face obstacles and come from Americans when the company becomes bigger and stronger in the future. Everything is difficult.

But Luo Sheng will never give up the global market because of difficulties. If Bluestar Technology does not introduce Wall Street Capital, the global market is bound to have nothing to do with you ~ www.wuxiaspot.com ~ In the end, it can only hold the Greater China market.

Even if the company's income in the mainland can reach 10, all for its own gain; but if half of the company's equity is transferred, the global market will be obtained as a return, and the company's income can be 100, even if it is half, it can share 50 of them. Half of the benefits have been given up, but in fact they have received several times the benefits and still have absolute control over the company.

怎么 How to choose, it is possible to vote with your feet.

Because of this, the community of interest will appear in this world.

Even if the company goes public in the future, the shares will not be divided into dividends, how much dividends will be distributed, and how to divide the shares. As long as the company's control is firmly in the hands of the founders, the founders have the final say.

Apple's cash reserves once reached $ 100 billion or $ 200 billion, but Jobs set a tone and insisted on not paying dividends for more than a decade, and shareholders had no temper.

"These public opinions don't need to be too concerned, but we must keep our eyes on it." Luo Sheng thought for a while and said Shen Sheng. So far, the total external capital of Blue Star Technology has only accounted for about 29%, of which 10% is held by Teng Xun. Shares.

Obviously, this is the behavior of some media for the attention of bloggers and deceiving click-through rates. Luo Sheng and his team still account for nearly 70%. His personal shareholding has not been lower than 51%. The media said that Bluestar Technology is a foreigner.

This external questioning did not have any impact on the company. The financing of 325 million US dollars this time, he will not be idle, so much money lying in the company's fund pool, depreciating every day, effectively Use it.

Uh ...

(Is it more swollen in three chapters today? So please ask for a ticket collection or something? Anyone with a book list will add a book list ~~)