The first thousand and ninety-eight chapters are hard to change
A row of business fleets drove towards Chuke Technology's resort hotels, and Chuke Technology's senior management was among them. These vehicles were all affiliated to the Logistics Department, and were generally seconded by the Marketing Department, Public Relations Department and people going out. Chuke Technology's current number of vehicles in the Logistics Department is almost catching up with a car rental group.
Chen Chu and Larry Songsini were sitting in a business car, and the passing neon lights kept flashing, presenting the night view of Yanjing in front of you.
This is the first time that Larry Songsini has come to Yanjing. Before, she has not had time to travel. This time she finally came. Although Larry Songsini was known as the Big Three of Facebook, the entire Facebook management team is also the management team that Larry Songsinila has come.
But Larry Songsini has been Facebook's legal consultant before, and this time he officially became one of Facebook's directors, and together with Shirley Sandberg, he received a 7% Facebook equity reward!
"Larry, what's going on with Facebook?" Chen Chu took his eyes back from the car window and asked Larry Songsini. Chen Chu wanted to know what's going on with Facebook, and suddenly made a request for listing.
This is somewhat inconsistent with the development strategy formulated by Chuke Technology Headquarters and Renren Technology for Facebook. Facebook has definitely developed in recent years with users. Even if it is profitable, it will take priority to occupy the social market. As for capital, Facebook does not lack it, and there is Chuke Technology. Renren Technology is here. At this time, Facebook's valuation may not be truly reflected, and it is still cheaper for those venture capital investors!
Hearing Chen Chu's words, Larry Songsil glanced at Yang Guangshan who was driving in front, and then said to Chen Chu, "Chen, Facebook needs to express such an attitude, I hope you can understand!"
Chen Chu glanced at Larry Songsil and immediately thought of the group of venture capital investors on Wall Street, "Is it on Wall Street?"
Larry Songsil nodded and talked about Facebook's situation to Chen Chu. Since commercial operation this year, Facebook has begun to soar, which has made the entire Wall Street jealous. Since the beginning of the year, many venture capital, banks, securities, and investment banking companies have been coming to Facebook, wanting to cooperate with Facebook, or send it to Facebook to Nasdaq.
Even when Renren Technology acquired iq, it reached an agreement with American Online AOL, that is, American Online AOL transferred iq to Renren Technology, and invested in Autohome with a huge amount of over 700 million US dollars in order to obtain 10% of Facebook's priority investment rights!
At that time, no one would have thought about how much impact this last additional agreement would have. AOL took the social industry iQ and invested in Autohome. What he got from Renren Technology was only 10% of Facebook's priority investment rights, that is, if Facebook starts financing, AOL can prioritize investment investment of up to no more than 10% of the equity!
At that time, countless people thought that AOL was losing money. Although iQ was losing money, it was still one of the world's mainstream social software. AOL was given to Renren Technology for nothing. Now such remarks have disappeared. Instead, the entire Silicon Valley and Wall Street have begun to jealous of the 10% Facebook priority investment rights in AOL's hands!
Now AOL is splitting up with Time Warner. The Century merger was considered a disaster. Time Warner doesn't want to continue playing with AOL anymore. What both sides are now struggling with is the 10% Facebook investment right. What should this 10% Facebook investment right belong to? For this, I have criticized it more than once.
In Facebook's current form, everyone understands how high the value of this priority investment right will be in the future. Whether it is investing in AOL itself or selling the investment right, you can make a lot of money.
For this reason, Wall Street and Silicon Valley giants contacted AOL to win the priority investment rights and invest in Facebook.
For this priority investment right, Wall Street giants have taken great pains to Lehman Brothers, and even drove a purchase right of $600 million, wanting to buy Facebook's priority investment right in AOL!
Even with a priority investment right, all parties are almost piping out their brains, let alone Facebook. The major investment banking giants have already coveted to the extreme. Major investment banks believe that Facebook's future development will at least not be inferior to Google today. Under this premise, it is conceivable how fierce the competition among major giants for Facebook is.
Every day, Silicon Valley technology companies, Wall Street investment banks, and foreign banks find Facebook to cooperate with Facebook, and various promises and conditions are flying everywhere, providing huge funds and various resources. Even Goldman Sachs and Morgan have proposed to help Facebook solve the problem of Facebook's Asian investment background.
The only picky thing about Facebook in North America is that Facebook has an Asian-investment background, which has caused many people with unpredictable intentions to attack Facebook maliciously. Investment banks such as Goldman Sachs and Morgan hinted that Facebook management will accept their investment and then go public, they will use their senior North American connections to solve these problems for Facebook!
This puts Facebook under great pressure in North America and Europe. Everyone knows the strength of giants such as Goldman Sachs and Morgan. Not one or two executives from Goldman Sachs are at a high position in North America. If you are always thinking about these investment banking giants, you will have trouble sooner or later in the future!
"Poss, I hope you can understand that Facebook needs to let the attitude of seeing Facebook on Wall Street!" Larry Songsini said to Chen Chu.
Larry Songsini, who has been engaged in legal affairs in Silicon Valley for life, knows the virtues of those investment banks. He can use all means for the sake of profit. Even Soros dares to launch financial attacks on a country for the sake of profit. The greed of those investment banks is much stronger than Soros, and they do everything for the sake of profit. Now they don’t want to break up with Facebook, and they are also concerned about the Chuke technology behind Facebook.
But once those investment banks and industry giants feel that they have no hope of cooperating with Facebook from the surface, all kinds of small moves will definitely be used. Even if they can't do anything about Facebook, they will definitely be disgusting. In comparison, the founder's drive out of the company by these giants is already a relatively gentle method. Larry Songsini even saw more despicable means with his own eyes, such as public opinion attacks, slandering, and frame-ups, all of which can be used.
Listening to Larry Songsini's words, Chen Chu stopped shaking his head and understood Facebook's situation in North America. Now it seems that Facebook is in full swing, but there are many people staring at it.
"Where is Morgan Investment Bank, what does David Mark mean?" Chen Chu thought for a moment and asked Larry Songsini that the venture capital company that Chuko Technology has the deepest cooperation in North America is KPB, and the investment bank is Morgan Investment Bank. Oriental Net's stock issuance is the main responsibility for the other party.
David Mark is the current head of Morgan Investment Bank and the most powerful person on Wall Street and even North America. Larry Songsini shook his head and smiled at Chen Chu, "Chen, you should understand what those people on Wall Street are. David Mark did not say anything. Although he promised to support Facebook with all his strength,..."
Chen Chu understood what Larry Songsini meant. David Mark, the old foxes on Wall Street, were all people who didn’t see a rabbit and didn’t show off their eagles. I’m afraid that David Mark might be targeting Facebook’s matters. David Mark was still fueling the fire afterwards.
"Just as you want, Facebook can go public, and those investment banks will participate, but in three years, North America and Europe will all introduce Facebook's listing plan!" Chen Chu said to Larry Songsini.
Facebook may mainly focus on North America and Europe. If it wants to go public, it will definitely need to bring in the giants on both sides to protect Facebook in the local market, which is equivalent to asking local snakes for help, so as not to encounter trouble locally.
As for the listing three years later, Chen Chu wanted Facebook to go public after the Yanjing Olympics, this is a must-do. Otherwise, as soon as it went public, it would be like domestic companies such as Sina and Sohu, and they encountered the Nasdaq collapse as soon as they went public. Facebook could not hold on. As for how to delay time, Chen Chu believes that Larry Songsini and others must have a solution.
"Three years later?" Larry Songsini heard Chen Chu's words, not knowing whether to be happy or helpless. Chen Chu asked Facebook to go public, but asked that three years later, this would be much beyond their expectations. The team on Facebook was thinking that the listing process would be launched at the beginning of the year after that, but now it seems that it will be postponed again.
Larry Songsini was a little puzzled about why Chen Chu made such a decision, but he didn't say much. Now Facebook is just emptying the fire and telling those venture capitalists that Facebook is willing to go public.
But whether it is Larry Songsini or Shirley Sandberg and other Facebook teams, they will never dare to go against Chen Chu's wishes to please those investment banks. Larry Songsini is familiar with Chen Chu's character. Once a conflict arises, Chen Chu will never regress. At that time, it will be a disaster for Facebook, and there will be no need to ask for it on Wall Street!
With mixed feelings, Larry Songsini and Chuko Technology led a group of management teams to go to the resort hotel. At this time, the resort hotel had become a huge cocktail party, and Chuko Technology's personnel in Yanjing were constantly entering the resort hotel.
When Li Cunyi came to the entrance of the resort hotel, he saw more luxury cars than at Chuke Technology Headquarters at noon today. Now, not only Chuke technical personnel, but also the bosses of the company who cooperated with Chuke Technology, all came over to get familiar with Chuke Technology's directors.
There are also some newcomers from the Internet and technology industries who have also received invitation letters through various relationships and come here to make a fuss. After all, it is not easy to meet top figures in the domestic Internet industry, such as Chen Chu, Wu Xingdao, Du Jianzhao, and Bao Yueqiao. That night, most of the Internet figures who were famous in Yanjing and celebrities from other industries, came to the resort hotel.
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Chapter completed!