My Age of Investment

  Chapter 313 The Old Cunning Gates

  Smoked guinea fowl salad, Alaskan flounder with prawns, steak prepared with butter and shallots, butter almond cake...

  A dish was brought out from the kitchen next to the banquet hall on the third floor and placed on the table.

  Looking at a table of delicious delicacies, Xia Jingxing and the three of them moved their index fingers.

"Please!"

  Gates greeted the three to eat.

  Foreign girls and small dogs are a little restrained, and eat with small mouths.

   However, when they looked at Xia Jingxing, who was feasting and eating well, it seemed to give them confidence and a role model.

   Soon, they both let go of their restraints and treated the dinner with their hearts.

  Bill Gates wiped his mouth, looked at Xia Jingxing and asked: "Dalun, where is your hometown?"

  "China’s Sichuan Province, there are many pandas there."

   Gates answered: "Oh, I know, there is a very beautiful place."

  "If you go to Sichuan in the future, I can call the shots and give you a few pandas...

Toy. "

  Xia Jingxing compared her hands in a "hug" posture, "Such a big one, hairy, looks no different from real."

   Gates's eyes widened and smiled into a line, and this unexpected turn almost flashed his waist.

   "Haha, Darren, you are very humorous. Generally speaking, few young people at your age dare to make this kind of joke with me."

   "Mainly I bet with my classmates since I was a child that I would have dinner with Bill Gates. Not only did I have dinner together, but I also made jokes with you.

  When I see my friend next time, I can tell him that I won the bet that I made ten years ago. "

  Listening to Xia Jingxing’s words, Bill Gates burst out laughing.

  "Did you still make a bet with your friend, whose wealth will surpass Bill Gates in the future? Will he be richer than Bill Gates?"

  Xia Jingxing spread out, "I can't hide everything from you, I did make such a bet.

  Of course, I still can’t surpass you in wealth, but I’m working hard.

  In a few years, you may feel pressure. "

  Bill Gates smiled, "Well, it seems that I have to work hard."

  The little dog looked at Xia Jingxing enviously, wondering where the boss has such a big heart. Chatting with Bill Gates is like chatting with Old Man John, relaxed and freehand.

  Think about myself again. When I met Bill Gates, I couldn’t even speak clearly. It was a shame.

  The foreign girl kept her eyes on Xia Jingxing. She admired the self-confidence and calmness of her boyfriend.

  What about the richest man in the world? It's not like everyone else, with two shoulders and one head on one's shoulders, it's a human being, not a god.

  After chatting for a while, Gates suddenly asked: "How many users are there now?"

   "Thirty-five million!"

  Xia Jingxing blurted out and made his debut. It was not an important secret, so he did not conceal anything to avoid being underestimated by the old man Gates.

  And he believes that Gates invites them to dinner, not just chatting, it must have a plan.

  So it is necessary to selectively tell some of the less core information, so that it is convenient to catch the old man’s plot.

  Gates nodded slightly, smiled and said, "I remember that the tubing was only born last year? It's been less than a year since it went online?"

  Xia Jingxing nodded slightly, "Yes, to be precise, only eight months!"

  Gates glanced at the three of them, and said with emotion: "This is an amazing achievement, not only the user growth rate is amazing, but the model created by Tubing is also very amazing.

  Can you tell me about its development history? "

  Xia Jingxing nodded and talked about a series of experiences of tubing from creative ideas to formal development, to online operations, and video blogger contests, just like telling stories.

  Gates listened very carefully and raised two questions from time to time.

  Xia Jingxing stopped telling the story to answer the other party’s doubts first.

  After understanding the entire pipeline development process, Gates said: “It is gratifying to maintain the growth rate of millions of new users every month, but from a financial point of view, the burden of bandwidth resource consumption will also become heavier.

  Have you ever considered how to solve this problem in the future? Because this is a topic that cannot be avoided. "

   After finishing speaking, Gates looked at Xia Jingxing with a smile like a kind old man.

  "In addition to equity financing, we will also launch an advertising system in the future to maintain the normal operation of the entire platform by continuously expanding revenue."

  Xia Jingxing’s answer is very standard, neither revealing too much information, but also very reasonable to explain the long-term plan of the oil pipeline.

  Gates didn't ask any more questions, turned around and asked about Facebook again.

  Xia Jingxing concealed some core secrets, such as information flow products and advertising systems, and selectively told some of the information.

   "Facebook already has more than 40 million users?"

   Gates interrupted when Xia Jingxing said this.

  Xia Jingxing said: "Yes, our goal this year is to break through 100 million users."

   Gates was silent for a while, and said: “Facebook has not launched a large-scale online advertisement, and it has to deal with the operating expenses of the oil pipeline. The 50 million US dollars in the A round of financing should be almost spent, right?”

   "Spent a lot, and the remaining money is only enough to support next year."

  Xia Jingxing kept a hand, and Owen told him that the funds could only be supported until the end of the year.

  But Xia Jingxing is not stupid, how could he be heartbroken and tell Gates everything.

  If it’s not for the old man, he would want to say that the funds can be supported until the next year.

  Gates smiled and said: "The funds are still very tight. In one year, you will either rapidly expand your revenue, or you will only have equity financing."

  Xia Jingxing did not sloppy, and said seriously: "Yes, we plan to open the B round of financing in a while."

   Hearing this, Gates’s smile became stronger.

   "I am very interested in Facebook and YouTube."

  Gates looked at Xia Jingxing, put away the smile on his face, and asked seriously: "What do you think of selling these two websites to Microsoft?"

  Hearing this, both the dog and the babe stopped their movements and looked at Gates.

  Xia Jingxing smiled, and he knew that if there was no good feast, the other party finally showed his fangs.

   "Sorry, Mr. Gates, we will not consider selling Facebook and YouTube."

  Xia Jingxing’s answer did not make Gates feel too surprised, the latter smiled lightly: “You don’t need to answer me in a hurry, you can listen to the quotation before making a decision.

  We can make an offer of $5 billion, part of Microsoft stock and part of cash. "

  Xia Jingxing smiled quietly. Since the market value of Microsoft broke through the world's highest US$600 billion at the end of 1999, the stock price has fallen all the way after the Internet bubble.

  But the lean camel is bigger than the horse. At present, the market value of Microsoft is still more than 200 billion US dollars.

  Accepting Microsoft’s stock exchange acquisition is absolutely impossible. Choosing the olive branch thrown by Google is more cost-effective than choosing Microsoft.

  Xia Jingxing smiled and said, “We still want to let Facebook and YouTube develop under our own control, because we know these two websites best.”

  Gates continued to persuade: “After accepting the merger, Facebook and YouTube can become subsidiaries of Microsoft, and you and other management can continue to serve.”

  Xia Jingxing shook his head: "But this does not meet our expectations. We still want to develop independently."

   "If Facebook and YouTube want to develop, the funds needed may be astronomical."

  The old man, Gates, looked like a man, and began to teach young people his business experience.

  "The user scale of your two websites will expand tenfold, and you may need to spend tens of millions of dollars every month.

  If there is no way to self-made blood, you can only rely on equity financing.

  Investment of tens of millions or even hundreds of millions of dollars is still barely acceptable for large venture capital institutions.

  But the financing exceeds one billion US dollars. I have not heard of any Internet company that has not yet started to make a profit and has an immature business model.

  PE can afford the money, but it will certainly not invest in immature Internet companies.

  Because they only like traditional companies such as electricity, energy, and infrastructure, which are stable and have fixed assets.

  In case of investment failure and bankruptcy and reorganization, some losses can be recovered.

   But if you invest in the Internet and go bankrupt, it will basically be over. No organization dares to take one billion dollars to take this risk. "

   "I believe Sun Zhengyi dares."

  Although he recognized some of Gates’ views, Xia Jingxing still did not appear to be too weak and moved the Internet emperor directly.

   "He, that's a gambler."

   Gates Nunuou mouth, did not continue to make up the knife, obviously also recognized that this gambler has such strength, and there is such a precedent.

  Xia Jingxing moved out of this great god, which really made him difficult to answer.

   "Acquisition, we will never accept it."

  Xia Jingxing said very firmly, and then his conversation changed again, "If Microsoft intends to cooperate with Facebook, we are still interested."

  "How is the cooperation method?"

  　 to make up for what was owed the day before yesterday, and make up for it tomorrow.

  (End of this chapter)