However, compared to Elizabeth's suspicion of Facebook, Lin Xuan knew that this small company that was completely inconspicuous in Silicon Valley
would be the fifth company with a market value of trillions of dollars after Apple, Google, Amazon, and Google.
But now, the company was in a dilapidated office building in Silicon Valley. There wasn't even a front desk.
When Lin Xuan brought people into Facebook.
He saw five or six people busy in front of the computer.
These people did not even notice that Lin Xuan and the others had entered.
"Oh, my God, we're being attacked again, damn it!”
Someone shouted.
"Dustin, come and take a look at the server!”Someone shouted again.
Looking at these people who were so busy that their feet did not touch the ground, Lin Xuan was not in a hurry and stood in front of the door to wait.
Probably because the hacker attack was resolved, these people suddenly saw Lin Xuan and the others standing in front of the door for a while.
"You are?" asked a young man with short brown hair and a serious expression.
"I think we just talked on the phone, Mr. Zuckerberg!”
Lin Xuan looked at the person in front of him with a faint smile.
"Oh my god, you're from Polaris!”
Zuckerberg was shocked and said excitedly.
"If there are no other Polaris, we should be the one!”
Lin Xuan shrugged.
After knowing that these people were venture capitalists, the Facebook staff were very excited.
After all, this was the first time a venture capital company had come.
They had joined Facebook in the past because they saw the potential of Facebook and also because they thought it was a very cool career.
For this reason, they did not hesitate to borrow money to invest in Facebook.
However, with the operation of Facebook, their money was already stretched thin.
In order to save money, they could only use second-hand equipment to build a server.
All the employees could only eat instant noodles or McDonald's hamburgers to fill their stomachs every day.
They had been insisting, but many investors were not optimistic about Facebook and refused to invest.
Because until now, Facebook had not found a good profit model.
If that was the case, even if he told the investors a story, they wouldn't be able to tell it.
It could be said that Lin Xuan's newly registered Polaris Investment was the first venture capital company willing to set foot in Facebook.
Zuckerberg immediately asked his companion to bring a chair over.
In fact, in order to save money, he did not even have a decent office.
He worked with the other founders every day.
"I'm Zuckerberg, and this is my business partner, Sean Parker, Dustin Moscow, Chris Hughes…"
Zuckerberg introduced everyone in the company.
Many of the people here were shareholders of Facebook and Zuckerberg's classmates or roommates.
Lin Xuan did not mind sitting on the simple chair and said,
"My name is Mike Lin. I'm representing Polaris to discuss investment. Can you introduce Facebook?"”
"No problem, Mike!"
Zuckerberg said.
"I believe that you have already learned about Facebook before coming here. I won't say much about the use of Facebook. Now that Facebook has 10,000 registered users, we receive letters from users every day. They all comment that Facebook is the coolest app they use!”
"Then do you have a way to make money?”
Lin Xuan asked according to the investment process.
"This... I think as long as we have enough users in the future, we can make a profit from advertising!”Zuckerberg said.
In fact, he was a technical geek and was not very good at socializing or negotiating.
However, Saverin, who was in charge of negotiation and communication, had been dating girls and was unwilling to come to Silicon Valley.
Zuckerberg had expressed his dissatisfaction several times.
But at this moment, Zuckerberg could only bite the bullet and do it himself.
"Then what is your valuation of Facebook?”
Lin Xuan crossed his legs and said.
As soon as he said this, all the Facebook employees fell silent. Everyone looked at their leader, Zuckerberg.
Zuckerberg was also thinking.
He didn't know how to estimate Facebook's value. It had extraordinary potential, but the current data was actually very large.
MySpace, which was similar to it, had gone through several rounds of funding and was valued at 200 million dollars.
He wanted to say that Facebook could surpass MySpace.
However, he didn't dare to believe his own lies.
If he gave Facebook too high a valuation and made the VCs think that he was asking for an exorbitant price, the investment might be ruined.
Facebook was running out of money now.
Zuckerberg could only convince his parents to sell the house.
"5 million USD!"
In the end, Zuckerberg reported a very conservative valuation.
Lin Xuan thought for a moment and felt that Zuckerberg was still an honest person.
In fact, if Lin Xuan didn't come to Facebook, in a few days, Peter Tell, the famous angel investor who founded Buffett, would become the first person to invest in Facebook.
The offer was $500,000 in exchange for 7% of Facebook's shares.
That was equivalent to valuing Facebook at more than 7 million USD.
"Mr. Mike, what do you think?”
Zuckerberg said uneasily.
"There's no problem with the offer. I think it's very reasonable. However, I have a question. How many shares can Facebook give Polaris?”
Lin Xuan said the most important thing.
However, Zuckerberg, who was born into a middle-class family, was not a newbie.
He understood that it was impossible for a start-up to sell a lot of shares at once. Otherwise, after a few rounds of financing, the
founder's shares would be diluted to a very low level, and he would lose control of the company.
"15%. We can give Polaris 15% of the shares at most!”
Zuckerberg stated the shares that he could accept.
However, Lin Xuan shook his head. Clearly, he was not very satisfied with this share.
It wasn't easy for him to come to Beauty Nation. How could he just take 15% of the shares?
"2 million USD, 20% shares, of which 1 million USD is an interest-free loan from Polaris to Facebook in exchange for future Facebook financing. Polaris has priority in financing!”
Lin Xuan stated his conditions.
When he heard that Lin Xuan wanted 20% of the shares, Zuckerberg originally wanted to refuse.
He did not want to lose so many shares so early.
However, when Lin Xuan agreed to give Facebook a $1 million interest-free loan, Zuckerberg hesitated.
After all, if they had two million dollars, Facebook could do a lot of things.
Zuckerberg, who was suffering from the lack of money, gritted his teeth and agreed to Lin Xuan's conditions.
"Happy cooperation!" Lin Xuan stood up and extended his right hand.
Zuckerberg also stood up and shook hands with Lin Xuan.
(P.S.: New book, flowers, review tickets, your support is the author's motivation)
This book comes from：m.funovel.com。