Reborn Entrepreneurial Giant

Yang Zhiyuan talked with the Twitter team, so this investment is very simple. Twitter is a project under the odeo company founded by Evan Williams, which is under the charge of Noah Glass and Jack Dorsey. It is said that the idea is Jack Dorsey which provided.

Surely it matters who comes up with the idea? It is important that the fact that he was able to provide ideas after many years is well known to the world. This guy is absolutely amazing, otherwise who remembers whose ideas Mark Zuckerberg stole, and this is how FaceBook came into being.

Because of Yang Zhiyuan's star power, Evan Williams rejected other investors, but chose to sit down and chat with Qu Li and the others. Before chatting, Qu Li went to Google headquarters, met Schmidt, and knew that they were advancing the Open Handset Alliance. Qu Li took out a few prototypes made by Honor, with metal frames and high-end texture, he can finally recruit partners in the name of Google.

Twitter is the first target of Qu Li's fooling. The development kit provided by Google Android and the parameters provided by Honor mobile phone, is it difficult for them to develop a mobile APP? Of course it is difficult, how can we hire engineers if we don’t have money? No one thinks that they can develop APPs if they know how to develop web pages. Is there something wrong? Forget it, this is a small problem.

"The cooperation between our company and Google is very important. We need a popular APP. I have identified Twitter. If it succeeds on Android, Qiaobusi will also ask you to develop an IOS version..." Qu Li not only wants to buy shares, It also affects the direction of their development.

"Are you investing in the name of Honor Mobile?"

"Of course not, that will affect the neutrality of Twitter as a social media. I will use one of my own funds to invest in Twitter, but I hope Honor can reach a cooperation agreement with Twitter." Qu Li is a little famous in Silicon Valley, and Google's cooperation can dispel many doubts, so Evan Williams quickly agreed to Qu Li and Yang Zhiyuan's shareholding.

Historically, Twitter raised 15 million in May 2008, with a valuation of US$80 million. Now it is July 2007, and Twitter’s valuation is between US$20 million and US$30 million. There are also several other investors, such as Mark Anderson, the developer of Netscape browser, and Ron Conway, an early investor in Google.

Qu Li wants to accelerate the development of Twitter, investing 5 million US dollars, Yang Zhiyuan invests 2 million US dollars, and the other two invest a total of 1 million US dollars. The total share capital before financing was 11 million shares, and the stock price was US$2. Qu Li bought 2.5 million shares for 5 million. After financing, the total share capital was 15 million, with a valuation of US$30 million.

Without due diligence, Qu Li has no good ideas on how to supervise the development of Twitter in the future. It is impossible to give up the right to vote. This is what I did. With the advice of Yang Zhiyuan and other bigwigs, I found a suitable one for Twitter. CFO, so be it for now.

Qu Li contacted the founder of Facebook through Google's relationship, and he could visit this young entrepreneur, Mr. Zuckerberg, a very controversial robot in the future.

Zuckerberg temporarily watched Qu Li's YouTube video, and knew Qu Li's three paths to defeat Microsoft, and he was more and more respected in Silicon Valley.

The communication between the two started from the three paths, and they talked about their respective entrepreneurial experiences. Of course, they all have beautifications. elite.

The two chatted more and more vigorously, and Qu Li also talked about his troubles. After the introduction of venture capital, the development of the enterprise became more and more uncontrollable. For example, at the beginning, he wanted to start a clothing e-commerce business, and use informatization to connect traditional enterprises and the Internet. However, after IDG and Sequoia enter the market, they will transform into fashion e-commerce, and after Lehman Brothers enters the market, they will become an e-commerce platform. It is unclear whether he wanted to do this, or he did it under the pressure of capital.

"I went to see Sequoia Capital in slippers and pajamas, and they treated Sean..." Zuckerberg was still a "good guy" at this time, willing to help his friend Sean Parker, but a few years later he did not agree expressed regret.

Qu Li gave him a thumbs up and praised him. Two young people, one is a junior high school student from Zhongguo, and the other is a high-achieving student majoring in psychology at Harvard. The experience of starting a business almost at the same time made them feel a little bit sympathetic to each other.

Until the end, Qu Li talked about the cooperation. Firstly, it was a project with Google. He hoped that Facebook would develop applications for Android and adapt to Honor phones. Then he wanted to sell coconut shoes through Facebook, but he hadn’t figured out the right one yet. The way.

After getting Zuckerberg's size, Qu Li asked the driver to take a pair of coconut shoes from the trunk for Zuckerberg to experience. This kind of sports shoes suitable for outdoor activities and general sports is really popular. Zuckerberg has a lot of affection for this Chinese entrepreneur.

"Facebook is your best partner." Zuckerberg saw the coconut shoes and thought that it might be an opportunity to open up the commercial value of Facebook.

"I made a lot of money recently, I don't know if it's possible for me to invest in Facebook?" Qu Litu was stunned and said his ultimate goal.

"Facebook is not cheap." Zuckerberg said meaningfully

"But I am optimistic about the future of Facebook. In the eyes of Google, I am just an ordinary collaborator, but I hope to enjoy the treatment of a large enterprise at the advertising cost of a small enterprise on Facebook."

"This is not okay, I will give you the best price at most." Zuckerberg

"What is Facebook's current valuation?"

"What do you think?"

"I agree with Barron's' valuation of Facebook, $3 billion."

"It's kind of low, Peter Thiel says Facebook is worth $8 billion."

"I can give up the right to vote and entrust the right to vote to you."

"How much do you want to invest?"

"One percent of the shares for $30 million."

"50 million dollars, I agreed." Zuckerberg hesitated for a while and said

"However, within 3 to 5 years, Facebook will reach a strategic partnership with my clothing brand, and we must have a higher tolerance for our advertisements. The scope of accurate advertising must cover the user groups of Adidas Nike and other sports brands. Crowd coverage, such as full coverage in North America and the most push frequency on the entire network.” Of course, Qu Li went to Facebook to advertise, and I really thought he was investing for investment and not a fan.

"I can't guarantee the most in the whole network, it depends on the quality of coconut shoes..."

"The product quality is on par with Adidas and Nike, and the service level is on par with Zappos." Anyway, bragging is not illegal, and Zappos later implemented a 365-day free return and exchange rate, which is as high as a quarter of the return rate. So, words don't count, shamelessness is the key to the success of entrepreneurs.

"Facebook can guarantee that your ad delivery is the most expensive one."

"The most important thing is to accurately target sneaker lovers!"

"No problem!" Zuckerberg

Both of them are straightforward people, and the specific details are left to professionals. Qu Li didn't even do due diligence. He just wanted to try it, but he didn't expect to have an unexpected harvest. This is really famous, and the pie fell from the sky...

Qu Li felt that he had become the chosen one, how could Zuckerberg agree to Qu Li's shareholding so easily? why is that?

The two made an appointment, and Qu Li brought his lawyer to Facebook and signed the shareholding agreement and voting rights entrustment agreement, which meant that Qu Li had no initiative before Facebook went public.

The next step is to raise money. Qu Li invested 5 million in Twitter and 30 million in Facebook. A total of 55 million US dollars is needed, which is quite a lot.

Fortunately, international oil prices have continued to rise in recent days. Xiangjiang’s crude oil futures are about 12 million U.S. dollars after cashing out, and there is still a gap of 43 million U.S. dollars.

2 million shares of BYD at 55 Hong Kong dollars is obviously not enough for 110 million Hong Kong dollars. 350,000 shares of Jiangxi Copper, whose current stock price is 15, will get 5 million Hong Kong dollars after cashing out. There are also 8 million shares of Sino-Ocean, and after cashing out, they get 96 million Hong Kong dollars, which adds up to about 27 million US dollars.

The stock price of FMG in Australia rose from 1.5 to 3.5, and the exchange rate rose a little. After cashing out, it was only 30 million US dollars.

Qu Li cashed out all his overseas assets and got about US$69 million. He was about to spend US$55 million and left US$14 million. However, there is still a bank mortgage loan of US$1.67 million to be repaid, leaving US$12.33 million in available funds.

It's a pity that Qu Li borrowed 30 million US dollars from Lehman Brothers and 300 million US dollars from HSBC, so he can't be considered a rich man. Of course, his $20 million investment in the Paulson Fund and the crude oil call options he bought for $40 million did not move.

HSBC’s professionalism is reflected at this time, and together with the well-known lawyers he hired in the United States, he helped him deal with the remaining problems, especially Facebook. Zuckerberg is not a good man, and anyone who does not protect his own interests seriously is a fool cross.

Looking at the equity certificate in his hand, Qu Li took a deep breath. What kind of stocks to speculate in, he might as well make money by doing venture capital. Bragging is better than any investment strategy. Facebook’s future market value will exceed 500 billion US dollars, so he will make money this time around. If it is less than 100 times, how can you earn 20 or 30 times!

Since then, the Vision Fund has held 2.5 million shares of Twitter (total share capital of 15 million) and 1% of Facebook.