My Age of Investment

  Chapter 247 Google Fear

  "...Users can leave their personal or professional information, create relationships with friends, or join virtual clubs because of shared interests...

  This is Google’s latest social network product-Orkut. "

  In the meeting room of Facebook, the dog stood on the stage, pointed to the PPT picture, and introduced it to the audience.

  The foreign girl asked: “Is this a product developed by Google last year after the acquisition of Facebook and the failure of Dating.com?”

  The little dog nodded, "Yes, in January this year, Google recruited an engineer named Okut Bayou Kirkton and asked him to develop such a social network.

  Google’s working atmosphere is pretty good. The name of the website is exactly the same as the name of the engineer. Obviously, they gave the employee the right to name the website. "

  The foreign girl frowned, "Why haven't I heard of it before?"

  "It’s normal not to have heard of it, because before that, websites were all invitation-only and there were very few users."

  The little dog paused and spread out, “But it’s different now. They may think that the product is mature, or after seeing the results of Facebook, they don’t want to wait any longer, so as not to miss the opportunity for development.

  Just two days ago, they lifted the invitation restriction and officially opened it to everyone. "

  The foreign girl looked at Xia Jingxing, and whispered: “It seems that Larry Page asked us to come to the door that day because he deliberately paralyzed us.”

   "Who said no?"

  Xia Jingxing shrugged, did not worry too much, and said indifferently: “Acquisitions are probably all pretends. They have been holding back this big move for a long time, and they have been waiting for the right time to release it.”

   "Google has also entered the field of social networking, which is really not good news!"

  CFO Owen pays more attention to financial trends, and he expresses his views from a financial perspective:

  "In more than ten days, Google will be listed on the Nasdaq. I have read their prospectus. The annual revenue is about 2.7 billion U.S. dollars and the net profit is about 268 million U.S. dollars.

  The issue price is currently under auction and has not been finalized, but the financing amount is not expected to be less than US$2 billion.

  They have strong funds. If we compete with us in the social field, we must plan early. "

   "Plan early?"

  Xia Jingxing smiled and asked, "What is the plan? Is it financing?"

  Owen nodded, "Yes, while Facebook is still very popular in the market now, at a relatively ideal valuation, it can raise tens of millions or hundreds of millions of dollars and prepare enough ammunition first.

  Otherwise, wait until after the battle begins, and then think about financing, the valuation will definitely be judged by venture capital institutions. "

  Xia Jingxing admitted that the CFO’s words have some truth, but they are still too conservative or pessimistic.

   responded to the other party: “Google is indeed rich, but the search engine is their main business.

  In the social field, the resources and money they invest in are bound to be very limited. "

   "Even if it is very limited, it may be only one-tenth or one-twentieth of the cash reserves on Google's account. It is also a very large number, far exceeding us."

  Owen sighed and persuaded: “Facebook’s income is very limited now, and it is losing money, and it has added an oil pipe, which makes our monthly capital consumption very exaggerated.

  Dylan, I know that you want to wait until the development of Facebook has entered a new level, and then complete the financing with a sky-high valuation.

  This is indeed a good deal for Facebook! "

  Owen turned around and said with a serious expression: "But now there is a beast in front of us. There is no need to bite us. Just a sneeze will make people shudder!

  The market is changing rapidly, and it is no longer possible to develop at the same pace as before.

  Winter is coming, we must prepare for the worst!

  Dilute a few points of shares and get tens of millions or even hundreds of millions of dollars in winter funds. "

  Owen’s view is a bit pessimistic, mainly because Google is too strong now, and the entire Silicon Valley is paying attention to its development momentum.

  Evans also looked at Xia Jingxing frowning, and persuaded: "Dalun, how about a round of financing?

  Even if you don’t consider Google’s factors, you have to consider YouTube, a gold swallowing behemoth.

  As the number of users of oil pipes continues to grow, bandwidth consumption will only increase. "

  Xia Jingxing shook his head, glanced at several executives present, and said with a smile: "Why are you so afraid of Google? Are they amazing?"

  Everyone did not speak, and all bowed their heads. Isn’t this something obvious?

  Yahoo and other giants have nothing to do with them, let alone small and medium enterprises like us.

   "Yahoo can't kill Google, and Google can't kill us. This is the trend!"

  Xia Jingxing said lightly: “We are the forerunners of the social circuit. We can say that no one understands social better than us.

  If you have money, you can do a good social network? That dating site should have succeeded long ago. "

   "The technology of Diaoyou.com is definitely not as good as Google, and Google will definitely not crash like Diaoyou.com."

  The little dog whispered, seeing Xia Jingxing's fierce eyes look over, he hurriedly shrank his neck, making a look of lowered eyebrows.

  Xia Jingxing ignored the little dog and continued: “I have emphasized many times in large and small meetings that the user relationship chain is more than everything, and it is also our moat.

   Now a moat and tubing have been added!

  Do you think that social networking sites made by Google will be more popular with users than ours? More fun? More fun? "

  Everyone does not speak.

  Xia Jingxing shrugged, "You call the ambition of others and destroy your own prestige."

  Luo Li said lightly: "Daren, Google is not just a product of Okut, they have a search engine with a very high market share, which can attract traffic to Okut;

  Google also has a free webmail service Gmail, which can help Okute do email marketing;

  Google also acquired the blog product blogger last year, and it can also integrate blogs into social networks like Facebook;

  I heard that they are still developing Google Video...

  Calculating, our current advantage is not particularly obvious. "

  The little dog coughed and reminded: "Boss, Google also bought the online photo editing software Picasa some time ago.

  From text to pictures, to video, Google has all laid out.

An opponent like    is completely different from Diaoyou.com and Juyou.com.

  Business competition does not only depend on whether funds are strong or not, but also on product, technology, strategy, management and other aspects.

  Google has been able to develop to this day and has reached the stage of going public, and has a valuation of more than 20 billion US dollars. It is an opponent that cannot be underestimated.

   To the effect, but I want to lose Jingzhou! "

  Xia Jingxing listened to the quotations from the little dog, and wanted to laugh a little. After thinking about it, he said, "Otherwise, let's wait and see for a week.

  If Google is really as scary as you guessed it, I won’t insist anymore. Facebook will arrange financing immediately. "

  Owen reminded: "A week, if Okut really develops very well, our valuation will suffer a severe setback."

  Xia Jingxing said, "Even if we raise funds now, it is impossible to complete all the processes within a week, and the money will not be in place.

  The most likely possibility is that the negotiation is halfway through, and Okut becomes a weight for venture capital institutions to put pressure on, or directly tear up the investment agreement agreement and wait and see.

  Ventures are all on the wall, don't expect them to send warmth in the snow.

   Withstood Google’s move, and even slapped them backhand, this is what we should consider most now. "

   "Well then, just wait and see for a week."

  Owen saw that the boss had decided, so he stopped to persuade him.

  Looking at the heavy-faced people, Xia Jingxing did not explain too much.

  This group of guys are all suffering from "Google Fear". No amount of words can be treated badly. You have to use actual actions to prove that Google is not invincible.

  　 The second change, there are two more late changes, please count the votes, brothers give it some

  (End of this chapter)